tranquil trader's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/269190/comments http://seekingalpha.com/article/139505/comments?source=feed#comment-517750 517750
Some numbers, household savings have improved from -2% to +5% ! thats 7% x $8000bn or ~$600bn swing, and i suspect most of that will go into US treasuries via the savings accounts. Current account deficit was running at $800bn a year to Q2 2009 ~$400bn and still improving, so the US is becoming less reliant on foreigh capital inflows..

I am not saying that the USA its currency and treasury bonds are out of the woods, but looking from these statistics, i don;t think the situation is as doom and gloom as many are saying.]]> Tue, 26 May 2009 09:17:26 -0400
Some numbers, household savings have improved from -2% to +5% ! thats 7% x $8000bn or ~$600bn swing, and i suspect most of that will go into US treasuries via the savings accounts. Current account deficit was running at $800bn a year to Q2 2009 ~$400bn and still improving, so the US is becoming less reliant on foreigh capital inflows..

I am not saying that the USA its currency and treasury bonds are out of the woods, but looking from these statistics, i don;t think the situation is as doom and gloom as many are saying.]]> http://seekingalpha.com/article/112131/comments?source=feed#comment-337149 337149
Definitely worth shorting once there are signs of economic recovery and risk seeking behaviour comes back.]]> Tue, 23 Dec 2008 20:49:44 -0500
Definitely worth shorting once there are signs of economic recovery and risk seeking behaviour comes back.]]> http://seekingalpha.com/article/107197/comments?source=feed#comment-311738 311738
besides, with only about $300m in cash it could probably only buy back 20m shares. Unwise in this environment when cash is so precious.

on the earnings front, with all miners cutting doen on output and freezing their CAPEX plans, i can't see how they could sustain the current level of profitability.

Lets suppose that it could garner $200m profits after tax, with the reduced shares in issued down to 85m, that gives an eps of around $2.40 or somewhere around 6x PE. Cheap in absolute terms, but i guess there are better value elsewhere......
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besides, with only about $300m in cash it could probably only buy back 20m shares. Unwise in this environment when cash is so precious.

on the earnings front, with all miners cutting doen on output and freezing their CAPEX plans, i can't see how they could sustain the current level of profitability.

Lets suppose that it could garner $200m profits after tax, with the reduced shares in issued down to 85m, that gives an eps of around $2.40 or somewhere around 6x PE. Cheap in absolute terms, but i guess there are better value elsewhere......
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