Jetliner

The Global Oil Scam: 50 Times Bigger than Madoff

Good article, what is not stated is that if Davis' list of culprits were removed a different list would take their place. Laissez- faire capitalism is a sham and is a cover for those who will stop at no ends to enrich themselves. Last any of us knew "greed" still existed in all societies, politics and economies. Since recorded history began governments have been empowered to legitimatize greed. The real question is "Is the government one of all the people or of just a "privileged" few." Excuse my skepticism , but when all the people pay for a few to be wealthy that is an injustice!

Does Sirius's Climb Indicate Short Covering?

As usual most "home gaming Cramericans " get the story wrong. Fundamentally this is a stock the huge upside potential at this point. Shorting stocks that trade under $1 is well-neigh impossible . What you didn't identify was that prior to the consolidation with XM an institutional bet was made by J*n to the tune of 10%, an additional bet was made by the same fund on the XM side. After the merger the fund held ~17M shares. That position was totally sold prior to the current "breakout"- deflating the price in spite of the quarterly report.The reason "analysts" gave for the weakness in the price was "churn" and the lack of "new car" installations. Then again, relying on analysts is a folly as the past eighteen months should have proven. Look at the institutional action over the past year for verification.
Look also, at the net operating cash flow, for the past quarter, The trend in this statistic been fine since the completion of the merger and expense-ing of the legal costs has been concluded.
You are not paying anything for my advice however today Siri is above $0.73, and moving up. Chartists were squashed by this company's chart. Use charts to discern trends, use qualitative fundamental analysis to understand if you want to take positions.

Where Have All the Buybacks Gone?

Try the following: From the Cash flow statement take the net op cash. Next from the balance sheet take the total current Liab figure .
Divide the cash figure by the current liab figure. This represents that cash flow available ( not including additional financing) to fund the operations for the current period. If the result is less than 1, then the company doesn't GENERATE enough cash to operate, and must rely on other sources to meet its most basic requirements to operate. Thi s is a simple measure of the company's "cash".
Buying back a company's stock and even giving a dividend is a drain on resources that can have consequences- and the reason that buybacks at even low stock prices are being cut as well as dividends.
Many companies are want to even predict results given the uncertainty of declining results, acting to reduce cash resources is usually risky in these times. A better avenue to raise stock price is often the reverse split- a different prospect for another time.

Cash IS King

Mark-to-Market Debate Continues

At the end of the day "mark to market" has no meaning if their is no "bite" in enforcement. Anyone who can read a 10q/k can see the banks have not truly marked their assets, because of the threat of insolvency( which also carries little meaning given these "officers" pay themselves their bonuses). Let the public watch closely as banks continue to fail and little by little nationalization takes over a large part of the banking system- will the government truly mark these assets to market?
The continuing credit crisis is just that until the truth in value is really revealed- in mortgages, commercial real estate, credit cards, consumer loans; compare current default rates to previous years and then multiply (2x, 3x, 4x......). The Obama stringent test (although not yet defined) may help- but we have eight years of the government looking the "other way" to be undone. I expect bitter medicine for all , not just the stockholders and executives.

Who Will Bail Out the U.S. Government?

Welcome to the new Socialized Capitalism. We now have a government willing to "bailout" every overpaid blundering idiot who over-leveraged his company. The taxpayers are kept in the blind and forced( not asked) to pay for this in coming inflation and the perpetuation of "laissez-faire" economics? Nothing could be further from laissez faire; yet looking at today's rally all the big money just voted for just such a vast bail out of all their mistakes.
Gosh it would be nice for the common man to say "oh gee I made a mistake becoming a tradesman, thanks for the $1m so I can continue my ways". No but the government appears ready to help the rich maintain their lifestyles. Disguted!