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papayamon

papayamon
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  • A New Deal For Greece [View article]
    I just don't understand why the Germans should object to working till their 70's so the Greeks can retire comfortably at 50. What could possibly be the problem?
    Jul 6, 2015. 05:52 PM | 2 Likes Like |Link to Comment
  • Walter Energy: Is There Any Value Left Here? [View article]
    About the only way this company could raise money is to have the senior management team each sell a kidney. Unfortunately, their brains aren't worth much, even if you lump them together.
    Feb 18, 2015. 09:42 AM | 2 Likes Like |Link to Comment
  • EU, Greece approach final showdown [View news story]
    http://bit.ly/1v1mao7

    Yeah, I'd be happy to loan this country money that will never be paid back. This is a country where there's been such rampant sucking of public monies that Greece has ran out of its own money. I believe Margaret Thatcher said that the problem with socialism is you eventually run out of other peoples money. My guess is the rank and file German worker doesn't want to provide Greece with the "other peoples money" that they need to have this welfare state stay afloat.
    Feb 15, 2015. 05:22 PM | 7 Likes Like |Link to Comment
  • EU, Greece approach final showdown [View news story]
    I'm all in favor of letting Greece pay its own way. If the Greeks want to allow people to retire at 50 and even pay pedophiles disability because they're not well, let them do it. I just don't see the Germans working until they are 70 to fund that. This is a failed experiment in socialism.
    Feb 15, 2015. 03:10 PM | 17 Likes Like |Link to Comment
  • Stocks pull back on Greece news, oil price reversal [View news story]
    How can it be anyone's fault except for Greece? This is an ultra liberal entitlement socialist failure. As long as they can siphon off money from others, things are fine. I say let Greece implode.
    Feb 4, 2015. 07:40 PM | 16 Likes Like |Link to Comment
  • Fannie And Freddie: Current Plans Could Affect Iowa Pensions [View article]
    Well, Obama needs money to reward people who don't make much of an effort to work, his core constituency. What could be more important than stealing the savings of people who worked, payed taxes and saved? This is really a 100% tax, only it isn't called a tax. I don't know how anyone will expect the government to act fairly in the future given this track record.

    Any idiot could see that releasing the GSE's to rebuild capital would truly stabilize the system. The government's insistence on insuring that shareholders are reduced to bagholders is simply perverse. The constitution be damned.
    Dec 29, 2014. 04:04 PM | 2 Likes Like |Link to Comment
  • Linn Energy: Fears Of A Distribution Cut Are Way Overblown [View article]
    Now, that's sounds more like an entitlement than a dividend. You could always sell, then none of the distribution cuts would "cost" you a penny :).
    Nov 25, 2014. 03:38 PM | 9 Likes Like |Link to Comment
  • Will OPEC agree to cut output? Will it matter? [View news story]
    Yes, it's a tri-level chess game and far too complex to predict. I would think at some point, they will all cry uncle when they hurt enough. The bottom line is that in the long run, oil will not be so (relatively) valuable and these economies will need to be based on something besides pulling oil out of the ground.

    In the interim, this certainly has the possibility of increasing tensions till all hell breaks loose.
    Nov 24, 2014. 08:12 PM | 1 Like Like |Link to Comment
  • The Crash Of Oil Prices Could Be The Opportunity Of The Decade [View article]
    We may well see some recovery with another China rate cut and European QE.
    Nov 23, 2014. 04:37 PM | 1 Like Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    If you have only the the letters it takes to spell Brian Moynihan in a bowl of alphabet cereal, they spell out "SIX SIX SIX". Interesting, no? Clearly, the mark of evil.
    Nov 17, 2014. 11:52 AM | 2 Likes Like |Link to Comment
  • Update: Linn Energy's Earnings Show The Partnership Is Benefiting From The Change In Strategy [View article]
    i think it's overdone and we'll see $85 by year end. No great shakes, but it will allow more to survive than $75. I don't think Saudi is going to do anymore than stick a hole in high cost capex plans, make the frackers lose momentum and then cut production to raise prices. Too much of the world needs oil to be higher. This won't last.
    Nov 15, 2014. 01:46 PM | Likes Like |Link to Comment
  • Swift Energy: Can Baker Street Capital Help Investors Out? [View article]
    Though unable to be effective, Baker Street's letter states the concerns of any shareholder ... i.e., the company is highly in debt and not hedged. You put this up for vote and who will vote for Terry Swift and the BOD? We need someone to lead a proxy fight.
    Nov 14, 2014. 08:08 AM | 1 Like Like |Link to Comment
  • Swift Energy: Can Baker Street Capital Help Investors Out? [View article]
    Since the CEO and the BOD really don't have much economic interests in the company, they want to stay exactly where they are, sucking up fat pay. It understates to say management has been reckless in regard to not hedging oil prices. Such is the case when management has economic interests that differ from the stockholders.

    Would the CEO and the BOD really hire themselves after their track record? You can bet they wouldn't, not if they were risking their hard earned money.

    So why are the shareholders stuck with them? The BOD and CEO should fire themselves and do the shareholders a favor. We can bet that won't happen.

    How to dislodge entrenched CEO and BOD? That will take a proxy fight. Someone will need to lead it.
    Nov 13, 2014. 10:21 AM | Likes Like |Link to Comment
  • Saudi Arabia Aims At U.S. Fracking Industry, Hits Its Own Foot [View article]
    This isn't sustainable. Yes, companies might break even in the 60's, but they aren't going to allocate capital to drill so they can break even. The answer here is in the behavior of the Chinese. They are buying oil hand over fist. Cheaper oil means more margin in their economy vs the producers. It's good for the Chinese, they know it and it will encourage development. In the US, people will see falling prices and have a few extra bucks to spend on other things. they'll spend those few extra bucks, which will also result in more driving. And so on.

    This is not equilibrium, because with only small investments in oil and gas, that surplus production will be sucked right down the straw. Then guess where we are? At much higher oil prices, I can assure you.

    The Saudis are breaking the rhythm of frackers. Otherwise, the pace of production was overwhelming their customary market share. It will work as it will decrease production. Another $5 drop and we'll see considerably more production cuts. The highly leveraged company is in big potential trouble in this environment.
    Nov 13, 2014. 06:14 AM | Likes Like |Link to Comment
  • Swift Energy to restate results [View news story]
    Investors can't be happy with Terry Swift on just about any level. Terrible performance.
    Nov 12, 2014. 06:34 PM | Likes Like |Link to Comment
COMMENTS STATS
1,191 Comments
1,528 Likes