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GaltMachine

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  • Tesla sends invites for July 17 event featuring Musk; shares higher [View news story]
    Whatever. Apparently a Musk sighting is as notable as a UFO sighting when it comes to financial news ;)
    Jul 16, 2015. 07:04 PM | 10 Likes Like |Link to Comment
  • Iran nuclear talks drag on [View news story]
    We say we want to be friends with Iran

    The Parliament, the people and the Supreme Leader say "Death to America. Death to Israel."

    Might be a little difficult to find a middle ground here.
    Jul 12, 2015. 02:39 PM | 12 Likes Like |Link to Comment
  • Weighing The Week Ahead: Will Falling Earnings Sink The Stock Market? [View article]
    Looks like GDI was a more accurate representation of the economy in the last 9 months rather than GDP. It seems that in the long run GDI is more predictive of direction than GDP. This was the subject of an article about the 2007-08 crisis in FT Alphaville:

    Ignorance is not bliss: it can ruin your economy
    Cardiff Garcia

    | Oct 10 2011 20:42 | Share

    http://on.ft.com/1Shb7wL?
    Jul 12, 2015. 01:17 PM | 1 Like Like |Link to Comment
  • China scrambles to end stock market rout [View news story]
    Amazing when Greed turns to Fear everything changes in an instant. So much for fundamentals.
    Jul 5, 2015. 12:38 PM | 2 Likes Like |Link to Comment
  • You Can Afford To Hold Cash [View article]
    Cash has optionality - if the market declines the value of the cash increases directly in proportion to what can be purchased.

    The value of cash does not decline with a market decline.

    The opportunity cost of cash is really the argument for not holding it - what you could have earned!

    James Montier of GMO wrote an awesome whitepaper on this subject in 2011 and it is still relevant.

    http://tinyurl.com/qf5...

    A Value Investor’s Perspective on Tail Risk Protection:
    An Ode to the Joy of Cash
    James Montier
    Jun 27, 2015. 12:28 PM | Likes Like |Link to Comment
  • Corporate Profits [View news story]
    This seems like a big deal. Isn't this the "E" in the price to earnings multiple?

    Prices go up and profits go down - paying more for less.
    Jun 24, 2015. 09:13 AM | Likes Like |Link to Comment
  • Tesla Motors clarifies on Model 3 launch date [View news story]
    That's interesting. Sort of kills the news cycle on TSLA on SA today ;)
    Jun 22, 2015. 12:22 PM | 10 Likes Like |Link to Comment
  • Tesla Model 3 Delay? What Will Be The Next Shoe To Drop? [View article]
    “In the short term the market is a popularity contest; in the long term it is a weighing machine.”

    Read more: http://read.bi/1H6MSQ7
    Jun 22, 2015. 10:55 AM | 4 Likes Like |Link to Comment
  • Tesla Motors Model 3 launch pushed back to 2018 [View news story]
    Funny how the bulls always accuse bearish people of being delusional yet they still cling to the notion that somehow any news is always good news but a later launch date for Model 3 can't possibly be good news, can it?

    The contrary news would be an accelerated launch date in which case the bulls would be saying how great that is and they would be right.

    So to be intellectually honest you really have to sometimes accept reality even when you don't want to - see the world as it is rather than as you want it to be.
    Jun 22, 2015. 10:34 AM | 7 Likes Like |Link to Comment
  • Tesla Motors Model 3 launch pushed back to 2018 [View news story]
    LT

    Well when you've perfected a business model that allows you to sell a dollar for 50 cents and get rewarded for doing it, why would you stop?

    Perhaps the stock will now go up as a result now that the burn-rate could fall ;)
    Jun 22, 2015. 10:31 AM | 16 Likes Like |Link to Comment
  • Uber Highlights Just How Aggressive Tesla's Revolver Is [View article]
    Paulo,

    How about a scenario where this revolver is just the stopgap to keep the company from going under, while they get ready for the secondary equity offering?

    They raise a bunch of money at a relatively high price point for the stock and as a result the dilution for other shareholders is swallowed without complaint and too much impact.

    They then use the proceeds to renegotiate or retire this onerous credit facility. There seems to be an appetite for the stock at this price point so a secondary that sells 2-3% of the company could raise a huge amount of money for them.

    Of course this would probably wipe out my short position (Puts) but it does make sense and it would be unexpected. Also explains the price movement and the support from the I-banks who want a piece of it.
    Jun 20, 2015. 03:55 PM | 3 Likes Like |Link to Comment
  • Investors rush out of fixed-income, and into stocks [View news story]
    Gao,

    Which CEF's do you like now?

    Thanks
    Jun 19, 2015. 01:25 PM | Likes Like |Link to Comment
  • Tesla spotlight falls on Model 3 lineup and credit ratings [View news story]
    Not just one piece of vaporware but now a whole family of it!

    What happens when they run out of rabbits?

    :)
    Jun 15, 2015. 03:40 PM | 14 Likes Like |Link to Comment
  • Why Tesla's Competition Does Not Have A Lead Over Tesla [View article]
    Tales,

    That was an awesome link - 47 pages since June 9th. Who the hell would want to own a luxury vehicle where the manufacturer has the power to do the following according to one of the posters AmpedRealtor on the forum:

    http://bit.ly/1L8vUU7

    "Maybe this is why Tesla may have been toying with throttling a few months ago.

    Perhaps after Tesla sends one of these friendly notes, if the owner's behavior doesn't change, Tesla may throttle that person's car via software as a deterrent. Maybe?"

    The idea that an owner would believe this is possible is actually bizarre. What if it's true?
    Jun 14, 2015. 11:57 AM | 7 Likes Like |Link to Comment
  • Business inventories rise more than expected in April [View news story]
    "Inventory/Sales ratio at 1.36."

    http://bit.ly/1e5ChdA

    Something to watch as it creeps up. What if demand doesn't follow?
    Jun 11, 2015. 10:21 AM | Likes Like |Link to Comment
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