Seeking Alpha

mike904

mike904
Send Message
View as an RSS Feed
View mike904's Comments BY TICKER:
Latest  |  Highest rated
  • Growth-Centrism Is Flawed [View article]
    When a company's earnings cover its cost of capital, it is not wasting anyone's money.

    This line makes no sense. Earnings are capital.
    Jul 7 01:53 PM | 1 Like Like |Link to Comment
  • Billions Of Dollars Will Soon Flow Into Iran [View article]
    I can't see how a Muslim Calipate would include Iran. Iran's biggest problem is that none of it's borders are with a prosperous country that values education. My experience has been that Iranians are the most educated middle easterners by a large margin.
    Jul 7 09:44 AM | Likes Like |Link to Comment
  • Growth-Centrism Is Flawed [View article]
    Corporate America is only "growing" earnings because they don't have to pay interest and FASB has been thrown out. The economy has feedback loops, yet literally NO economists recognise this. The FED has made 17 consecutive erroneous GDP predictions, yet they're still considered "experts.

    t would be obvious to a bus driver in Calcutta that ROIC is what's important but you'll never get the "experts" to agree with that. These people are so brainless you wonder who took their drivers license exams.

    Economists are basically, stupid. The whole idea that low interest rates are going to help an econony is so absurd, literally only a college professor would believe it. In the city where my office is, they've doubled the number of restaraunts because banks will give ANYBODY a restaurant loan. Now, NONE of them are making money. People who have to earn money can't compete with people that borrow it. All of our ice cream stands but one have gone through MASSIVE capital impovements.

    When you go into a restaurant on a saturday night and there's ONE customer, who's paying the bills? There's no ROIC, but who cares? Just take out another loan.
    Jul 7 07:37 AM | 1 Like Like |Link to Comment
  • Why The Market Is Giving MannKind A Reality Check [View article]
    Imagine your a client of these analysts. You call them up.

    "Let me see if I have this straight. You want me to hold the stock but not buy it?

    "Yes, we don't think it's worth buying for $11 but we think it's worth HOLDING for $11."

    "I see, and you want us to wait till AFTER a partnership announcement?"

    "Yes."

    "So, in other words, you want me to do nothing, but at the same time, you're telling other investors not to buy a stock that I own?"

    "Yes."

    "Why am I paying you a fee to tell me to do nothing? Can't I do that for free?
    Jul 1 01:52 PM | 7 Likes Like |Link to Comment
  • Billions Of Dollars Will Soon Flow Into Iran [View article]
    I lived in saudi Arabia and Abu Dhabi and didn't have any problems. I like Iranians. They work hard and many are very smart. My understanding is, it's a breathtakingly beautiful country.
    Jun 30 11:25 AM | Likes Like |Link to Comment
  • Netflix's Net Margins - A Cause For Concern [View article]
    To me, the big risk with netflix is it's leveraged to the hilt. The company has no tangible book and depreciation is 25X earnings. This means any mistake in it's cost of content could wreak havoc on earnings.

    I could be wrong and they could be conservative, but straight line depreciation of old movies seems a bit odd to me. Anybody in the movie business knows movies don't depreciate on a straight line bases. They're like facked natural gas wells. They fall off a cliff.
    Jun 30 10:51 AM | 3 Likes Like |Link to Comment
  • MannKind's Clock Is Ticking, But Balance Sheet Sounds An Alarm [View article]
    Debra, I wrote a quick rebuttal to your analysis after skimming it. It wasn't until I reread it this morning that I realzed that I had totally missed your point.

    Your article was actually extremely well written and insightful. Thank you so much for the article and I deeply regret that I had commented negatively.
    Jun 30 10:29 AM | 1 Like Like |Link to Comment
  • MannKind's Clock Is Ticking, But Balance Sheet Sounds An Alarm [View article]
    It's embarrasing that this would come from a CFA, not because it's wrong, but this "analysis" would be obvious to a child. These issues have been hashed over relentlessly on SA for 5 years.

    Jun 27 01:59 PM | 1 Like Like |Link to Comment
  • Billions Of Dollars Will Soon Flow Into Iran [View article]
    Fraser, is there a possibility that an American can move there? I find Iran to be a fascinating place.
    Jun 26 06:30 AM | 1 Like Like |Link to Comment
  • Is This The Real Life, Or Just Fed Fantasy? [View article]
    There seems to be this need to say there won't be a recession that's inherent in economic analysis. The fact is, wages as a percentage of GDP have fallen from 54% in 1996 to 49.6% today. Since 2008, PCE has gone up 1.7 trillion while wages and self employment income have gone up 1.2 trillion. In other words, who cares what GDP is?

    That difference, 500bn is the trade deficit. You are simply not going to get wage growth with oil and $110 a barrel and utility prices rising 6% a year and the only GDP "growth" is going to be the difference between real inflation and CPI, which is basically, hedonic adjustments. In other words, we call falling living standards, growth.

    Masturbating is when you have sex with yourself. We might call this master-equating. Constantly rejiggering numbers to makes ourselves feel better. The stock market isn't up because the country is growing, it's up because of inflation. We're in the early stages of Weimar inflation. The fact is, this inflation mirrors Weimar inflation perfectly, which is our head in the sand economists won't admit.
    Jun 19 06:25 AM | 2 Likes Like |Link to Comment
  • Natural Gas Transportation: What's Taking The U.S. So Long? [View article]
    Tim, I'm a former petroleum engineer. Your posts are so inane, I don't even know where to start. I'm saying this to be nice. Stop posting on gas. You're totally clueless. Anybody that actually knows anything about gas is going to think your .... not bright.
    Jun 18 01:29 PM | 1 Like Like |Link to Comment
  • Natural Gas Transportation: What's Taking The U.S. So Long? [View article]
    California's proven reserves were downgraded last month by 96%,

    By the way, 58 trillion cubic feet is enough gas for 21 months.

    As to not seeing $10 gas for a while, it was $10 in March.
    Jun 18 09:45 AM | Likes Like |Link to Comment
  • Natural Gas Transportation: What's Taking The U.S. So Long? [View article]
    8% is not a scant number. It's huge. It's the equivalent of 1 million barrels of oil a day. The US does not have a limitless supply of natural gas. We can run short term gluts if the price goes above $10/1,000cuft.
    Jun 17 01:38 PM | Likes Like |Link to Comment
  • Natural Gas Transportation: What's Taking The U.S. So Long? [View article]
    Inventory was at a 20 year low. How can you have an abundance of a cheap product that can't be drilled because the price isn't high enough?
    Jun 17 01:35 PM | Likes Like |Link to Comment
  • Natural Gas Transportation: What's Taking The U.S. So Long? [View article]
    RIP, you can't talk to the Natural Gas bulls. They're illogical. Natural gas in the northeast was $20/1000 cu ft. The whole idea that it's cheap and plentiful is loonie. They take the cheapest hub, Henry, and project it nationwide.

    The US is a natural gas importer.
    Jun 17 07:14 AM | 1 Like Like |Link to Comment
COMMENTS STATS
578 Comments
1,034 Likes