Chris coxblocks

Wells Fargo 'Profit' - People Have Short Memories

i wanna borrow at 10 bps and lever myself 30 to 1 on 1 year t bills

is there a number i should call?

maybe i just lever 7x on agency pass through...who should i call in this case...i wish to help this ponzi economy...tyler i know the first rule of the club is to never speak of the club but seriously help a bro out

The Geithner Plan FAQ

>>>"J. Bradford DeLong is a professor of economics at the University of California at Berkeley, chair of its political economy major, a research associate of the National Bureau of Economic Research, a visiting scholar at the Federal Reserve Bank of San Francisco, and was in the Clinton administration a deputy assistant secretary of the U.S. Treasury. "

sounds like another FEDHEAD shill to me...

The Geithner Plan FAQ

"Q: What if markets never recover, the assets are not fundamentally undervalued, and even when held to maturity the government doesn't make back its money?

A: Then we have worse things to worry about than government losses on TARP-program money--for we are then in a world in which the only things that have value are bottled water, sewing needles, and ammunition."

ABSOLUTELY NOT TRUE

We survived the GD because the current gov't was not stupid enough to do this so early on in the crisis

do you realize what another 800 bil in treasury losses + say another 500 bil in fdic, not to mention whatever other stupid programs they cook up will mean

it will mean treasury dislocation...now that is real freaking bad...if this program blows up we might get that...without this program and a few others we would not have to worry about that

keep drinking the kool-aid brad

AutoZone: No Repeat

Hey Marcap I am glad someone finally brought up this point...I have searched through a ton of analysts and been watching this fast Eddie special for a while and I was totally flabbergasted that no one brought up the fact they are functionally insolvent...

they also had negative cash flow this Q and used borrowed money to buy back stock...

Having said that AZO is tightly controlled and ESL has about 40+% last time I checked

IMO Dan's article would be far stonger had he brought up these points

here is a link to latest release for anyone wishing to check out the #'s for themselves

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Three Retail Stocks to Consider

and they had negative cash flow as well...they also borrowed money to buy back stock...seems a bt fishy

Three Retail Stocks to Consider

HOW come nobody brings up the point that AZO is functionally insolvent

FROM recent release:

Selected Balance Sheet Information
(in thousands)
Feb 14, Feb 9, August 30,
2009 2008 2008
---------- ---------- ----------

Cash and cash equivalents $ 107,973 $ 93,465 $ 242,461
Merchandise inventories 2,190,198 2,068,483 2,150,109
Current assets 2,580,867 2,356,644 2,586,301
Property and equipment,
net 2,267,404 2,204,102 2,289,656
Total assets 5,235,085 4,938,397 5,257,112
Accounts payable 1,974,747 1,842,951 2,043,271
Current liabilities 2,468,682 2,325,222 2,519,320
Debt 2,690,755 2,095,000 2,250,000
Stockholders' equity (187,302) 282,233 229,687
Working capital 112,185 31,422 66,981

NOTE the equity column

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