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bbro

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  • Election Results: Big Win for GOP, Potential Loss for the Economy [View article]
    BCS playoffs???
    Nov 3, 2010. 12:54 PM | 5 Likes Like |Link to Comment
  • Oct. ISM Non-Manufacturing Index: 54.3 vs. 53.4 expected and 53.2 prior (>50 denotes expansion). Prices index 68.3 vs. 60.1. Employment 50.9 vs. 50.2. New orders 56.7 vs. 54.9.  [View news story]
    Good good number...The number to follow is the Business Activity
    number....

    The industries reporting growth of business activity in October — listed in order — are: Finance & Insurance; Educational Services; Professional, Scientific & Technical Services; Health Care & Social Assistance; Accommodation & Food Services; Other Services; Wholesale Trade; Information; Public Administration; and Retail Trade. The industries reporting decreased business activity in October are: Agriculture, Forestry, Fishing & Hunting; Construction; and Mining.

    Fishing and Hunting still struggling....
    Nov 3, 2010. 10:16 AM | 3 Likes Like |Link to Comment
  • Election Results: Big Win for GOP, Potential Loss for the Economy [View article]
    Here is a chart....

    www.hks.harvard.edu/fs...
    Nov 3, 2010. 08:06 AM | 3 Likes Like |Link to Comment
  • 4 Reasons Why Stocks Are Ready to Make New Highs [View article]
    P.S. It looks like the TTM GAAP earnings per share to Revenue per
    share ratio is going to 7.4% as of the end of the 3rd qtr....
    Nov 3, 2010. 06:29 AM | Likes Like |Link to Comment
  • 4 Reasons Why Stocks Are Ready to Make New Highs [View article]
    The 12 month trailing S&P 500 revenue per share is 932.49 ( as
    of second quarter)......this is 6.4% of GDP ( 932.49/14578).....
    This ratio was 6.77 in 2005 and 7.00 in 2006....if say we move to
    6.8% ( considering foreign growth) and 3rd qtr 2011 GDP is
    15200...you get 1033 revenue per share...ttm GAAP earnings was
    7.20% of revenue (67.10/932.49)....this ratio increases to 7.5% ( for
    a variety of reasons ) so....7.5% of 1033 is 77.47.....using a 17 P/E
    for GAAP earnings ( which is below the 30 year average of 19)...17x
    77.47....you get 1317.....
    Nov 3, 2010. 06:18 AM | 2 Likes Like |Link to Comment
  • Election Results: Big Win for GOP, Potential Loss for the Economy [View article]
    "How will taxpayers from fiscally conservative states like Texas or Nebraska feel about bailing out threadbare Illinois or California? "

    Don't forget Oklahoma who gets 1.36 in spending for every dollar it
    pays in taxes or Kentucky who gets 1.51 in spending for every dollar it pays in taxes.....
    Nov 3, 2010. 05:47 AM | 23 Likes Like |Link to Comment
  • Wilmington Trust Sold at 45% Discount [View article]
    FInd a bank that can pass this test....a TCE/TA ratio of 5% or above
    and a hypothetical stress test of 10% chargeoff losses to its gross loan
    portfolio spread over 2 years.....Wilmington Trust was way behind the eight ball....
    Nov 2, 2010. 04:15 PM | Likes Like |Link to Comment
  • Is Countrywide Heading Towards a Bankruptcy? [View article]
    It appears some investors don't want to chance it there has been
    outsized volume today....
    Nov 2, 2010. 03:29 PM | Likes Like |Link to Comment
  • Is Countrywide Heading Towards a Bankruptcy? [View article]
    Look at Countrywide preferred versus BAC and Merrill preferred


    BAC 11.40 -0.10-0.83%
    BAC-H 25.25 -0.05-0.20%
    CFC-B 22.86 -0.41-1.76%
    MER-F 24.37 -0.01-0.04%


    Nov 2, 2010. 02:08 PM | 2 Likes Like |Link to Comment
  • Will the Markets Really Explode With Profits if Republicans Win? [View article]
    Baa bonds went from 9.3% in 12/94 to 7.5% in 12/95.....that helped too
    Nov 2, 2010. 01:00 PM | 2 Likes Like |Link to Comment
  • Is the Stock Market Cheap? [View article]
    Agreed...my biggest beef is really the PE/10 (Shiller)....there are
    distinct lagging characteristics to it...wait until 2011 and 2012 when
    the bad earnings numbers from 2001 and 2002 start dropping off...
    Nov 2, 2010. 12:45 PM | 1 Like Like |Link to Comment
  • Bank of America (BAC -0.5%) could declare bankruptcy for its Countrywide unit, CLSA analyst Mike Mayo speculates - it's a longshot but possible since Countrywide, acquired in 2008, “remains a separate legal entity” and the specter of bankruptcy eventually could be an “ace card” as part of negotiations with investors in bad mortgage bonds.  [View news story]
    What assets does the exisitng corporate entity (CFC) have now???
    Nov 2, 2010. 12:31 PM | Likes Like |Link to Comment
  • Is the Stock Market Cheap? [View article]
    There is an agenda Mr. Short is trying to prove...he believes the market is overvalued....I disagree with him (based in large part because of bond yields ,Corporate and Treasury)....but he is
    a much better writer than me.....so he wins....
    Nov 2, 2010. 10:56 AM | 1 Like Like |Link to Comment
  • Bank of America (BAC -0.5%) could declare bankruptcy for its Countrywide unit, CLSA analyst Mike Mayo speculates - it's a longshot but possible since Countrywide, acquired in 2008, “remains a separate legal entity” and the specter of bankruptcy eventually could be an “ace card” as part of negotiations with investors in bad mortgage bonds.  [View news story]
    Someone explain to me how they could do this??? CFC-B
    has barely moved on this news....
    Nov 2, 2010. 10:45 AM | Likes Like |Link to Comment
  • Wilmington Trust Sold at 45% Discount [View article]
    Wilmington Trust had a huge problem,,,very low preprovision earnings
    to the amount of loans they carried...not enough "air cover"

    there are many more like it....even though the overall system is well capitalized....
    Nov 2, 2010. 08:58 AM | 1 Like Like |Link to Comment
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