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AndrewBaker » Comments » AGU

  • Wall Street Breakfast: Must-Know News [View article]
    Buffett buying a railroad is good sense for anyone with a long term investment horizon such as his. Infrastructure is needed even in the deepest recession: roads, railroads, ports and airports, ships, hospitals, schools, bridges and similar constructions must be built and maintained in order for any economy to sustain yet alone thrive. Some of my own investment is in global infrastructure, and what is not dollar denominated has a good chance to add value through the exchange rate.
    Nov 04 08:58 am |Rating: +7 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I agree, with one slight alteration: it's like handing the gun to GS and inviting them to shoot us in the foot. Times like these shine a light on the great and greedy, and this one is flashing red!


    On Nov 04 08:25 AM doubleguns wrote:

    > Why would the govt sell tax credits that they should just let expire.
    > The tax payers OWN fannie so selling 3B of tax credits for anything
    > less than 3b is just shooting our selves in the foot.
    >
    > The hell with the bidding. They cost 3 billion, bottom line you thieves.
    Nov 04 08:50 am |Rating: +12 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So the good news about banks and financials goes on. This one will ride for a good while longer so it seems, so I'll buy some and hope it continues long enough to get out at aporfit when the reversal comes.

    Whatever the numbers, the spin will be that it's all good, and more money will be committed to the market regardless, so those selling will not bring it down too much at this time. The trend is your friend, until it's not, so I'll go with the trend for now.

    Even bears have horns when needs must.
    Aug 06 07:53 am |Rating: +5 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Spending is down, incomes fall and savings are down to pay the bills that can be paid, yet the banks go from strength to strength. What's happened is that people have caught on to the fact that with almost free money in and high rates charged on the loans out - the ones they do actually make - record breaking margins are being earned by these banks, meaning big profits. Whilst these will be short term, and hidden existing and future bad debts will spoil the party in due course, there is money to be made being long the banks right now.

    I think I'll play this one: not immediately as there is a chance that now profits will start to be taken and I don't want to be on the wrong side of that trade; but on any dip and recovery, it's worth a shot.

    This could be interesting for a short while: long banks, short S&P!
    Aug 05 11:45 am |Rating: +3 0 |Link to Comment
  • Potash and Agrium: Possible Agriculture Shorts? [View article]
    It got ahead of itself a couple months back, but it's come down a lot from previous highs and the recent lows are forming a dynamic support line, in my view. The moving averages aren't saying much but if it bounces off of its bottom Bollinger band and can get through resitence at 96, then I see it getting back up through to 110. So I wouldn't short this one right now.

    Longer term and fundamentally, it's the biggest in a good market. All crops need potash fertilizer to get the best from them, and we all need to eat, even in a recession, and food has no substitute.

    Disclosure: I'm long POT.
    Jul 21 12:22 pm |Rating: +1 -1 |Link to Comment
  • Vale May Bid for Mosaic: Let the Great Potash War Begin [View article]
    In a very bad marketplace, it's hard to find businesses that will not only carry on but thrive and prosper too, and Potash Corp. of Sask. (POT) is one of those that will.

    It is the biggest producer of one of the most important chemicals for growing and increasing crops and yields, and its product cannot be replaced by any substitute.

    Now attention is being given to this area, watch this stock take off and get to a price which truly values its worth.

    Disclosure: I'm long POT, and staying long.
    Jul 17 14:40 pm |Rating: +5 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Of course they knew where the money was going, but didn't care as long as the lending made money and big bonuses short term. The only reason our banks are still standing is: money. The financial system needs them as a vehicle. If you were in a wrecked car in the desert and unable to walk away, you'd stay with it as it would be the only choice. That's our banks.
    May 06 08:41 am |Rating: +7 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Yeah, it's been said: the political and financial elite don't care beyond their need to save themselves. Prepared statements and speeches saying how dreadful it is and we must all work together to overcome; yet they carry on in place, without real restitution, whilst we have to work that much harder to cover the money being handed out to people who caused the mess in the first place. I wish I had an answer, and if I did, they would not be in it!
    Feb 11 12:13 pm |Rating: +3 -2 |Link to Comment
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