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Art Trader

Art Trader
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  • To get the economy moving, some economists are calling for a "great haircut," in which banks and bondholders agree to a nationwide easing or even forgiveness of consumer debt. Household debt has fallen since 2007 from 100% of GDP to 90%  - a nice reduction, but still a heavy weight hanging over the economy.  [View news story]
    Moral hazard at its finest!
    Oct 3, 2011. 03:02 PM | 5 Likes Like |Link to Comment
  • Cigarette manufacturers file suit in an attempt to prevent an FDA requirement for graphic cigarette package warnings from going into effect. Lorillard (LO), Reynolds American (RAI), Imperial Tobacco (ITYBY.PK) and Liggett (VGR) claim the proposed changes violate their freedom of speech. Philip Morris parent Altria (MO) has supported the new labels.  [View news story]
    There are worse addictions than nicotine. For example ehelpies (above) addiction to scare quotes to draw attention to terms that actually have no irony about them. See below:

    'smoking', 'genes', 'info', 'states', "smoking', 'thinning', "yes", 'tobacco', 'dividends', 'real', 'judgments', 'wiser/smarter'.
    Aug 18, 2011. 08:35 AM | Likes Like |Link to Comment
  • Cigarette manufacturers file suit in an attempt to prevent an FDA requirement for graphic cigarette package warnings from going into effect. Lorillard (LO), Reynolds American (RAI), Imperial Tobacco (ITYBY.PK) and Liggett (VGR) claim the proposed changes violate their freedom of speech. Philip Morris parent Altria (MO) has supported the new labels.  [View news story]
    Or diabetes.
    Aug 17, 2011. 10:03 AM | Likes Like |Link to Comment
  • Cigarette manufacturers file suit in an attempt to prevent an FDA requirement for graphic cigarette package warnings from going into effect. Lorillard (LO), Reynolds American (RAI), Imperial Tobacco (ITYBY.PK) and Liggett (VGR) claim the proposed changes violate their freedom of speech. Philip Morris parent Altria (MO) has supported the new labels.  [View news story]
    I'm still waiting for the graphic warnings on Pepsi and CocaCola. Thunder thighs, love handles, etc.
    Aug 17, 2011. 09:50 AM | 2 Likes Like |Link to Comment
  • Why China Is Right About Gold [View article]
    Why are these two even in the same paragraph? A completely meaningless grouping of Exxon shares and farmland.

    Exxon's production not going up (not good for Exxon, good for crude)
    Farmland, added production pales in comparison to increased demand? (Good for farmland AND for commodity prices)

    There is NO scarcity of Exxon shares, which would be analogous to farmland in this comparison. The commodities are the shared criteria, but not his main point in lumping them together.
    Aug 17, 2011. 07:43 AM | Likes Like |Link to Comment
  • Nestle Management Discusses Q2 2011 Results - Earnings Call Transcript [View article]
    Looking for M&A? Imperial Sugar (IPSU) please! New facilities, but needs new management!
    Aug 12, 2011. 07:31 AM | Likes Like |Link to Comment
  • Dunkin' Donuts raises millions to fund West Coast expansion plans [View article]
    Tim Horton's is not an exclusively Canadian operation - we have 22 Tim Horton's around Columbus, Ohio. Over 500 in the US.
    Jul 27, 2011. 07:48 AM | Likes Like |Link to Comment
  • More on Coca-Cola's (KO) Q2 earnings: Excluding new cross-licensed brands, worldwide volumes grew 5% Y/Y, but North American volumes were flat. Volumes were up 21% in China and 8% in India. Cost of goods sold grew 69% Y/Y due to higher commodity costs, strongly outpacing 47% revenue growth. Shares +0.5% premarket. (PR)  [View news story]
    Sure, the commodity costs % increase outpaced revenue % increase Y/Y. However, the plastic, aluminum, & high fructose corn syrup needed to produce the product is a VERY small price to pay in the process of generating the HUGE revenue growth, which STRONGLY outpaces the commodity costs on an ABSOLUTE basis, rather than the largely irrelevant percentage basis. This revenue growth is a KO if I ever saw one.
    Jul 19, 2011. 09:28 AM | Likes Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    Then we shouldn't have airlines 4 out of 10 years? (call it a common stock subsidy. But someone's holding the bag to enable us to travel quickly and cheaply.)
    Jul 18, 2011. 07:07 AM | Likes Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    That's the dollar at work. And finally prices naturally arriving at their actual value - that food is an absolute necessity and farmers have done more for our national security than the TSA - food security.
    Jul 17, 2011. 12:41 PM | Likes Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    Here is the sum of my father's vacation time since 1971 (Current Ohio corn/soy/hay farmer, feed mill operator, and "retired" dairy farmer 5 years ago.

    College - 5 days/week, 4 years (1958-1962) (evening work in the university soil testing lab, weekends were work on the farm
    Honeymoon - 1 week in Martha's vineyard
    1988 - State volleyball tournament for daughter - 2 nights (and several diseased cows after hired help did the milking)
    Sick days - 1 day of flu 6 years ago (and more problems with the milking by hired hand)
    2011 - returns to university (hospital) for 2 severed tendons in index finger working on equipment. (2 days off, for surgery)\

    That's it. I think he's earned his keep. Enjoy your vacation and employer sponsored health insurance as you criticize the 'rich, spoiled farmers'
    Jul 17, 2011. 12:38 PM | Likes Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    The farm industry's current 11.4 percent debt-to-asset ratio is the lowest ever measured and helps to explain why farms fail at only one-sixth the rate of non-farm businesses."

    And yet, many local banks are unwilling to lend to farmers. My parents have been through this year after year, and still have to go to Huntington for farm loans, rather than support local lenders. Their loss, I guess.
    Jul 17, 2011. 12:29 PM | 1 Like Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    "You really don't think agriculture is booming right now? Really? "

    Budget negotiators are looking at three pots of agriculture money:

    Did you read point #2?

    _direct payments, which are subsidies that farmers get regardless of what they grow.

    _crop insurance, which helps farmers in the event of losses.

    _conservation money, which pays farmers to protect environmentally sensitive land.
    Jul 16, 2011. 08:03 PM | Likes Like |Link to Comment
  • Farmers worry about effect of $30B in cuts [View article]
    Great - hurt one of our best nationwide export industries. Next up: tech. After that, look out Boeing.
    Jul 16, 2011. 10:55 AM | 1 Like Like |Link to Comment
  • BHP Billiton to buy Petrohawk for $12.1 billion [View article]
    BHP buys HK - What should we make of KinderHawk, the 50/50 HK / KMP , KMI partnership? Imagine if their other assets are as undervalued? Talking my book here, but hey - wouldn't you?
    Jul 15, 2011. 11:01 AM | Likes Like |Link to Comment
COMMENTS STATS
120 Comments
177 Likes