Seeking Alpha

warrejt

warrejt
Send Message
View as an RSS Feed
View warrejt's Comments BY TICKER:
Latest  |  Highest rated
  • Avoid Visa, Buy MasterCard And American Express Instead [View article]
    Chuck, what has killed MSFT is not the government - it was themselves. They don't innovate and the products they put out are subpar. On top of that, the leadership at the top has been less than stellar. The point about Visa being like MSFT isn't really analogous.

    I don't know when, but what will kill Visa in the end will not be the government, it will be the competition.

    Long V
    Sep 4 10:40 PM | 1 Like Like |Link to Comment
  • "It's fun to be able, for once, to place yourself on the cheerleaders' side of the U.S. markets," writes Richard Russell, advising his readers to buy the DJIA ETF (DIA). "It makes sense to be on the side of the (Fed)." Russell last week: I've never seen anything like this. [View news story]
    "It makes sense to be on the side of the (Fed)."

    Seriously? You're just now coming to this realization?
    Mar 12 11:19 AM | 2 Likes Like |Link to Comment
  • Leonard Melman: Are You Prepared For Hyperinflation? [View article]
    I felt like I was listening to a politician....
    Mar 7 09:49 AM | 2 Likes Like |Link to Comment
  • Will Visa And MasterCard Be Able To Capitalize On Mobile Wallet Technology? [View article]
    While I'm Long V, there are quite a few assumptions:

    How do you go from 4M POS terminals to 43M in 5 years? $61 per mobile user to $1300 by 2016?

    Maybe I'm crazy, but those numbers seem like a stretch.

    Also, one correction:

    "Mobile phone transactions accounted for 5% of retail store sales in 2011, this percentage is expected to grow to 19% by 2016."

    Not true - from your link it says smartphones INFLUENCED 5% of retail store sales, not accounted for 5% of sales.....huge difference. In fact, direct mobile commerce will amount to $30B in 2016, a negligible # when compared total retail sales. ($30B would account for less than 1% of total retail sales in 2011). Even your own source says the real value to mobile is driving purchase decisions while in the actual store, not purchasing actual product with a phone.

    While I too like V long-term, it's for different reasons - the switch to plastic from fiat money is still in the early stages. While the mobile payments aspect is nice to contemplate, the adoption of plastic throughout the world will be the real driver of the co.'s earnings in the next decade IMO.
    Dec 20 12:22 PM | 2 Likes Like |Link to Comment
  • Omaha Hold 'Em: Going All-In On Berkshire Hathaway [View article]
    Great in-depth, objective analysis. Based on this assessment, I'd love to see the work you've done on other companies.

    Great job. Keep 'em coming.
    Dec 12 10:57 AM | 1 Like Like |Link to Comment
  • The cloud infrastructure market is officially seeing a price war. A day after Amazon (AMZN) cut prices by 24%-27% for its popular S3 storage service, Google (GOOG) is cutting prices for its storage offering for the second time this week: between today's drop and Monday's, Google has slashed prices by over 30%. Google and Amazon probably have the scale and cost structures needed to handle a price war, but Rackspace (RAX), which has already said it won't compete on price, could be in a tougher spot. Will Microsoft cut prices next? [View news story]
    We use Rackspace for the same reasons - reliability and great support.

    People will pay for quality. If they continue what they started, they'll be able to avoid (mostly) the race to the bottom that Amazon and Google are playing.
    Nov 29 04:54 PM | 2 Likes Like |Link to Comment
  • These 3 Energy Stocks Could Soar If Romney Wins The Election [View article]
    If you buy stocks based on who might become president, good luck. You'll need it....
    Oct 25 05:29 PM | 5 Likes Like |Link to Comment
  • Stop worrying about the election, the fiscal cliff or the state of the economy for that matter, advises John Bogle. Investors need to stay focused on the long haul, regardless of market conditions, Bogle says. Good business will survive, so focus on investing rather than speculating. “Get out of the casino, own corporate America and hold it forever.” [View news story]
    "I read somewhere...."

    You read somewhere? Best to not believe everything on the internet.
    Oct 17 11:54 PM | 2 Likes Like |Link to Comment
  • Valuation-Based Contrarian Picks [View article]
    Visa had a charge off of about $4.4B recently as a result of a class action lawsuit, which badly skews their PE ratio. I suggest you add this back to their earnings and run your analysis again.
    Oct 15 05:54 PM | 1 Like Like |Link to Comment
  • Far from being an independent entity, the Fed is "the other pocket in the same pair of pants as the U.S. Treasury," writes Cullen Roche, pointing to a FRBNY paper showing such. It's therefore inappropriate to see the Fed as "funding" the government with its asset purchases, contends Roche. It is the government.  [View news story]
    Yeah, that's exactly what we need - politics in the Fed.....
    Apr 27 01:30 PM | Likes Like |Link to Comment
  • "Those jobs aren't coming back," said Steve Jobs to the President, who asked what it would take to bring Apple's production to the U.S. It's not just low wages, Chinese manufacturing infrastructure has grown to remarkable size and sophistication. Apple's contribution to U.S. employment will be through its stores, its empowerment of entrepreneurs, and jobs at cellular providers and shippers, but not the actual building of its products.  [View news story]
    It's the truth though - those jobs aren't coming back.

    Simply look at a chart for manufacturing jobs for developed countries. All have the same trend. Eerily similar to agricultural jobs in the 20th century.
    Jan 22 10:18 AM | 4 Likes Like |Link to Comment
  • John Hussman thinks analysts who diminish the chances of recession after the recent string of better-than-expected economic reports are misreading the data, failing to account for the predictive strength of given data points in explaining subsequent movements in the economy: "The balance of leading evidence continues to indicate a very high likelihood of an oncoming recession."  [View news story]
    Wait....we came out of the recession?
    Jan 9 12:43 PM | 4 Likes Like |Link to Comment
  • By 2030, China’s share of global economic power will match America’s in the 1970s and Britain’s a century before, Arvind Subramanian asserts. Three forces will dictate China’s rise: demography, convergence and "gravity" - with at least four times the U.S. population, China needs to produce just a quarter of America's output per head to exceed America's total output.  [View news story]
    Jeez, let's go ahead and generalize 1 billion people why don't we....
    Sep 9 06:58 PM | 1 Like Like |Link to Comment
  • Life Partners Holdings (LPHI -19.4%), already notified by the SEC that it could face civil charges, forecasts a ~60% drop in FQ4 revenue and says it will delay filing its annual report while reassessing the value of life policies it holds for its own portfolio. Such a step suggests that policies owned by some clients also may be worth less than they originally paid.  [View news story]
    It's a viable industry in its infancy, and with that comes fraud.

    I hope the space is properly regulated so the companies that do operate with integrity can thrive.
    May 17 03:40 PM | Likes Like |Link to Comment
  • President Obama yesterday attempted to assuage voter wrath over high pump prices by unveiling plans to expand oil and gas drilling in Alaska and exploration off the Atlantic coast. The announcement comes after the GOP-led House passed three bills in the last ten days to accelerate oil development in the U.S.  [View news story]
    Substitute "Obama and his leadership" with "politicians"......
    May 15 09:10 PM | 1 Like Like |Link to Comment
COMMENTS STATS
61 Comments
141 Likes