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2MuchDebt

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  • Draghi: Rumors of the demise of the euro are unacceptable, high government bond yields are unacceptable. ... the euro is irreversible.  [View news story]
    Sounds like Draghi is in denial.
    Aug 2 08:39 AM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims: 353K vs. 380K consensus (prior week revised to 388K from 386K).  [View news story]
    Monthly non-farm jobs report is a much better indicator of economic strength than weekly jobless claims. What matters is income growth and expansion of the workforce. Unfortunately the "recovery" is not accelerating at a faster pace.
    Jul 26 08:55 AM | 2 Likes Like |Link to Comment
  • If you think Jamie Dimon (JPM) can't end up like Barclays' Bob Diamond, think again, says Jonathan Weil. The fact that JPMorgan only decided on Thursday to restate Q1 results shows that Dimon still hadn't grasped how internal controls are failing him and the company.  [View news story]
    I partly agree with you TomasViewPoint. However, comparing a loss at JPM vs. the Federal Government of $5.8 billion (and counting) is not even close to an apples to apples comparison. JPM can't print money. If they could, I'd buy the stock :) . Plus, the Federal Government can run a budget deficit every year for an extended period of time (like we're currently doing) and still operate. A company can't (insolvency), unless it consistently receives a source of cash to cover cash losses and working capital needs. The big picture issue here is systematic risk and whether or not JPM has its operations under control. And yes, the Federal Government wastes taxpayers money everyday. Can't argue with you there! Thanks for your post. Have a good day.
    Jul 14 06:47 PM | 2 Likes Like |Link to Comment
  • Weakness in Spanish and Italian bond markets turns into a rout, Spain's 10-year note now +23 bps to 6.45%, Italy's 10-year +24 bps to 6.01%. Madrid +1.1% after being 4.5% higher earlier. Milan -0.6%. S&P futures at session lows, +0.3%.  [View news story]
    That was short lived.
    Jun 11 08:38 AM | 2 Likes Like |Link to Comment
  • May Nonfarm Payrolls: +69K vs. consensus of +150K, prior 79K (revised). Unemployment 8.2% vs 8.1% expected, 8.1% previous.  [View news story]
    And to think back in February of this year, Larry Fink said "investors should be 100% invested in stocks right now". Ha!

    http://on.wsj.com/LQvw9a
    Jun 1 09:45 AM | 2 Likes Like |Link to Comment
  • May. Reuters/UofM Consumer Sentiment: 79.3 vs. 77.8 expected and 77.8 prior.  [View news story]
    @ Terry330: You should look at all the indicators to come up with an overall assessment of the economy. And the President doesn't deserve most of the credit given to how the economy performs, whether it is good or bad. You must be on Obama's re-election team or he has you brainwashed.
    May 25 01:34 PM | 2 Likes Like |Link to Comment
  • Cleveland Fed President (and FOMC voter) Sandra Pianalto is seeing more evidence the economy is in a self-sustaining recovery, but she is not at the point of even thinking about withdrawing extraordinary monetary stimulus as it could be another 4 or 5 years before employment reaches what she considers to be the "maximum" level.  [View news story]
    The economy is so strong and self-sustaining that we need another 4-5 years of maintaining the ridiculous amount of monetary stimulus? Gotcha. Talk about an ignorant "smart" person. Hyperinflation will have engulfed the world by then; but who cares, right?
    Apr 2 12:58 PM | 2 Likes Like |Link to Comment
  • "I wouldn't take QE3 off the table ever," says the Fed's James Bullard, speaking on CNBC. On the other hand, he's optimistic about the economy, seeing 3% growth possible in 2012 with unemployment falling to 7.8% by year's end.  [View news story]
    QE4!
    Feb 24 09:22 AM | 2 Likes Like |Link to Comment
  • White House requests $3.7B for border crisis [View news story]
    "...the president announced he would take executive actions to reform border-control laws on his own." This President is scary. He will now do whatever he wants to do under "executive power". Bye bye checks and balances. This President likes to abuse his power.
    Jul 9 11:49 AM | 1 Like Like |Link to Comment
  • iOS 8, HealthKit platform announced; iOS device sales top 800M [View news story]
    Home automation could be big but I don't want it and I see a lot of problems with glitches, hacking, etc. I can lock a door and turn off a light. The only way I see this being a positive is if you leave home for an extended period of time and forgot to lock up or turn off lights (which I imagine wouldn't happen very much, or ever, if you're responsible). Otherwise people are just lazy and it has the potential to create problems/security issues.
    Jun 2 04:36 PM | 1 Like Like |Link to Comment
  • Apple rallies on buyback news. Will a dividend hike follow? [View news story]
    Good point
    Feb 7 05:27 PM | 1 Like Like |Link to Comment
  • Apple (AAPL) roundup: 1) Russia's top 3 carriers - MTS (MBT), VimpelCom (VIP), and Megafon - have decided to stop carrying the iPhone, citing Apple's purchase, subsidy, and marketing requirements. MTS and VimpelCom have 300M+ subs between them in various emerging markets. 2) Fingerprint sensor and LCD driver chip yield issues will lead ~3M iPhone 5S units to be delayed from calendar Q3 to Q4, Digitimes reports. 3) Frost & Sullivan estimates Apple TV had a 56.1% share of the 2012 IP streaming device market. 4) Evercore observes rumored M&A target PrimeSense has developed tech that's applicable to gaming and smart TV controllers, as well as a sensor chip for notebooks/tablets. (iOS 7/game controllers: I, II[View news story]
    Denial... So losing 300 million potential customers is peanuts?! It's not just the Russian market either. 13 million units sold in Russia in 2012 (not including carrier sales outside of Russia). The key here is 69% growth over 2011 figures. That kind of growth is key for Apple. U.S. market is saturated. Carrier push back will become a bigger issue for Apple in coming years.
    Jul 17 08:21 AM | 1 Like Like |Link to Comment
  • Apple (AAPL) roundup: 1) 9to5 Mac reports iOS 7's Jony Ive-designed UI has shed "all signs of gloss, shine, and skeumorphism." The WSJ reported something similar in March. 9to5 also reports iOS 7 sports new icons, toolbars, and tab bars.  2) OS X 10.9 (Cabernet) will reportedly feature an improved Finder app and possibly iOS-like multitasking and app-pausing features. 3) ISI's Brian Marshall claims he "got cold feet" when going to buy a Galaxy S4, due to 6 years of relying on Apple's "flypaper-like" ecosystem. "In the tech industry, one of the most under-valued assets ... is the stickiness of an installed base." But he still considers a bigger iPhone a must. [View news story]
    An updated / revamped operating system would be a big plus for Apple. The iPhone is great, but the user interface feels a little stale and somewhat inefficient. I'm looking forward to iOS 7 release. There is a lot of room for improvement and I hope Apple capitalizes on the opportunity.
    Apr 29 09:49 PM | 1 Like Like |Link to Comment
  • A little more on Apple: Implied FQ2 iPhone ASP of $613, down from FQ1's $641 (was emerging markets discounting or a mix shift to older iPhones the culprit?). iPad ASP was $449, down from FQ1's $467 (shift to iPad Mini). Mac ASP of $1,378, up from FQ1's $1,359. iTunes/Software/Services revenue +30% Y/Y to $4.11B. Accessories +15% to $1.38B. R&D spend +33% Y/Y to $1.12B, SG&A +14% to $2.67B. Cash balance stood at $145B at quarter's end, up from prior $137B. AAPL resumes trading, shares are up 5.4% AH. [View news story]
    Unfortunately after hours gain has dwindled to $1 (or 0.25%). Clearly not impressed.
    Apr 23 05:58 PM | 1 Like Like |Link to Comment
  • BlackBerry (BBRY +3.8%) is off its premarket highs, but still up following mixed FQ4 results. BB10 shipments were roughly in-line with consensus. Total BlackBerry shipments -13% Q/Q and -23% Y/Y (they fell 7% Q/Q and 51% Y/Y in FQ3), and the BlackBerry sub base fell by 3M Q/Q to 76M. However, gross margin rose 970 bps Q/Q and 660 bps Y/Y to 40.1%, fueling the EPS beat. Opex +3% Q/Q and -8% Y/Y (exc. last year's goodwill charge) vs. a 36% revenue drop. Cash balance unchanged Q/Q at $2.9B. A 50% Q/Q increase in marketing spend is forecast, but BlackBerry still expects FQ1 results to be near breakeven, above a -$0.12 EPS consensus. [View news story]
    If / when people start to realize the Z10 is a great smartphone (which it is), I think you'll see a lot of people move from the Android and iOS platforms to BB10. And to think the Z10 is Blackberry's first smartphone without a physical keyboard. Good things to come from Blackberry in the smartphone realm.
    Mar 28 05:28 PM | 1 Like Like |Link to Comment
COMMENTS STATS
215 Comments
322 Likes