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bodie1252000

bodie1252000
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  • Visa (V) is suing Wal-Mart (WMT) to stop the retail giant from seeking more damages, rather than accept a $7.25B settlement Visa and MasterCard (MA) agreed to for card interchange fees. Wal-Mart was one of 19 retailers that said last month it would opt out of the settlement, arguing it would "allow credit card companies and big banks to perpetuate an unfair and broken system that costs all consumers." [View news story]
    several points from the comments here. Walmart provides jobs?; at minimum wage and with a questionable history of who and why gets promoted. small mom and pop businesses go out of business to walmart not because they do it with higher margins but because walmart muscles its suppliers (or bribes) to the point small business cannot. as to excess cut from other business to compete, that excess cut is medical insurance and retirement that walmart does not provide most of its employees anyway.
    Jun 14, 2013. 11:48 AM | Likes Like |Link to Comment
  • 3 Reasons To Avoid Freeport-McMoRan [View article]
    I have noticed over the years as I listen to "experts" and pundits of the market that they don't always have a firm grasp on the realities and see only the money side of a company. there are a couple of points to consider on FCX (of which I hold a few shares); 1. the world needs copper as there is nothing that really replaces it for the time being. 2. for large scale copper production there are 2 choices; rio tinto and FCX. now given those 2 points it seems to me that if FCX is well run (and it is) and it pays a nice dividend (and it does) in the long run the company will do well. the current stock price is a subject for gambling enthusiests, the long term prospects are for investors to consider.
    Jan 15, 2013. 02:45 PM | 1 Like Like |Link to Comment
  • Seniors Screwed By Fed Policies [View article]
    agreed, to that end canadian financials pay a decent dividend and are a much safer and better bet than our US banks with a better and more vigilant regulatory system
    Dec 22, 2012. 09:24 PM | 1 Like Like |Link to Comment
  • Seniors Screwed By Fed Policies [View article]
    don't forget to figure in the fees on those estimates. and ETFs can only be considered a conservative investment in bull or sideways markets, in the volatile markets we have today ETFs have the downside of buying the bad with the good and when the market is iffy they are not the best bet.
    Dec 22, 2012. 09:17 PM | 1 Like Like |Link to Comment
  • Should Banks Get To Deduct Their Interest Costs? [View article]
    let's think it through, Banks are borrowing at 0%, charge 4+%, spend 1% to depositors if that, and buy bonds with a yield of 1 to 2% with the balance. what interest expense are they incurring aside from an impact on how much they (insert derogatory remark here) to affect the bottom line?
    Sep 23, 2012. 06:01 AM | 2 Likes Like |Link to Comment
  • Should Banks Get To Deduct Their Interest Costs? [View article]
    the problem is having some forms of income being "better" than others. the problem is not taxing income but in saying the money (payrolls and salarys) made from producing a good or service is not as good as money (dividends) made by skimming from profits on the goods made by others and must be taxed at a higher rate. income should be income regardless and that is the root cause of the inequity in the tax laws. a VAT would blow the middle class, most of whom don't own a signifigant portion of their net worth in stock, out of the economic game entirely.
    Sep 23, 2012. 06:01 AM | Likes Like |Link to Comment
  • 3M (MMM) is working to overcome the DOJ's antitrust concerns about the company's proposed $550M purchase of the office products unit of Avery-Dennison (AVY), 3M CFO David Meline tells investors. Earlier this month, the DOJ threatened to go to court to block the acquisition. [View news story]
    as a long term holder of mmm, it wouldn't upset me if it the aquisition was blocked. most such moves by companies aren't accreative in the long run and mess with earnings in the short term.
    Sep 19, 2012. 04:10 PM | Likes Like |Link to Comment
  • Skullcandy: The Shorts' Unfettered Greed And The Regulatory Environment That Breeds It [View article]
    with high frequency trading shorts are there because they believe the company is vulnerable to manipulation and has little to do with the company
    Sep 13, 2012. 05:08 PM | Likes Like |Link to Comment
  • Skullcandy: The Shorts' Unfettered Greed And The Regulatory Environment That Breeds It [View article]
    looks like outsider is a short(chuckle), but seriously, the short action in general points up the market is a rigged game, but so long as you undertand that you can use it to make money. it would be easier to invest (not trade) and better for the economy if it wasn't that way, but until the government cleans up high frequency trading (the market won't) we deal with it.
    Sep 13, 2012. 03:45 PM | Likes Like |Link to Comment
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