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Dialectical Materialist

Dialectical Materialist
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  • Apple's Secret Ingredient Involves More Than Just Steve Jobs [View article]
    If you can't sell for today's prices, you were pretty late to the party. That's okay, if you're patient, AAPL will go way up from here. Net earnings in 2011 will be something in the 20's, possibly 22+. At a 15 P/E that is $330 and that ignores the nearly $60 billion they have in the bank -- over $60 a share. AAPL is a buy at this level and becomes a better bargain each dollar it drops. A Cash ex P/E of just 12 puts the price at something like $322. There is not much further this thing can fall before it becomes a screaming buy.
    Jan 20 08:32 PM | 2 Likes Like |Link to Comment
  • Quick Chat Number 140. Beginning After Market 01/18/2011 [View instapost]
    Has anyone wondered if the mob will seek to retaliate for today's mass arrests?
    Jan 20 07:32 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Buckoux, I heard a news item on the radio about the recent supreme court ruling about background checks. Both the reporter and the analyst said the SC had ruled that "government has the right" to perform background checks of private contractors working for government. It gave me some appreciation for the distinction you are drawing here (though I think you have an uphill battle). In point of fact "government" has no rights. The right of the people to form their own government is paramount, but that government only has "powers". I appreciate the distinction and believe it is worthwhile to describe the difference while there still is one left.


    Surprisingly, Scalia and Thomas, in a consenting opinion, suggested there was no such thing as an "individual right to privacy". The court simply "assumed" there was and didn't rule one way or the other. I find this to be potentially dramatic.
    Jan 20 02:22 PM | 1 Like Like |Link to Comment
  • Quick Chat Number 140. Beginning After Market 01/18/2011 [View instapost]
    I chickened out on waiting and added more today.
    Jan 19 01:48 PM | 5 Likes Like |Link to Comment
  • Quick Chat Number 140. Beginning After Market 01/18/2011 [View instapost]
    I hear what you're saying, Maya. When I lived in Holyoke, MA. for a short and uncomfortable time, the budget was so bad they had to close the pools and libraries and some fire stations. Now the argument could be made that cops are more important than pools.... except for the fact that the large population of idle teen males had no way too cool their jets. So predictably they wandered the streets and got into mischief, sometimes minor, sometimes more severe. Law enforcement would have preferred the pools stay open. Clinton got some grief for his "midnight basketball" but it is a fact that when you give teens something to do they are less likely to do stupid things out of boredom (or to hang out with those bad seeds who are going to do stupid things no matter what).

    The point is it is a pity it comes to that -- that budgets are so poorly mismanaged and labor costs are allowed to climb so high -- that when the day of reckoning comes, you have to cut out the things that a beneficial government provides like libraries and pools. Austerity is long overdue and lots of otherwise sensible programs will not be practical. This will keep increasingly strained police forces very busy. A heck of way to manage a budget. If cities were managed more like sensible businesses, projects would be paid for on a bang-for-buck investment basis, not on vote buying job protection or political expedience.
    Jan 19 01:40 PM | 5 Likes Like |Link to Comment
  • Quick Chat Number 139. Beginning 01/17/2011 [View instapost]
    "You say this is a cow pasture officer? Are you sure? I wondered why I didn't see any other cars..."
    Jan 19 01:20 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Even Supreme Court scholars use the colloquial meaning of the word "right" when discussing things like "does the school have the right to..." so I don't see the value of drawing that distinction in this case when the phrase "what right does so and so have..." is clearly a colloquialism.

    "James Madison did not play fast and loose with the English language..."

    Look at my photo. Do I look like James Madison to you? If my words will ever be subject to the approval of 9 out of 13 states, I will endeavor to choose them more carefully.
    Jan 18 02:57 PM | 2 Likes Like |Link to Comment
  • Quick Chat Number 139. Beginning 01/17/2011 [View instapost]
    People used to live and die within 15 miles of where they were born, so I don't mind not travelling. And anyway, lots of folks come to Vermont when they want to try to forget what billboards and sky scrapers look like, so it's a great state to be confined to. We have nasty winters here, but that's just to scare away the faint of heart. We earn our spring days with arthritis and frost bite. But I like the quiet. I drove home from my brother's place a while back at 3:00 am. I drove for 25 minutes before I saw another car on the road headed in either direction. You can't get that kind of solitude many places anymore.
    Jan 18 01:42 PM | 7 Likes Like |Link to Comment
  • Quick Chat Number 139. Beginning 01/17/2011 [View instapost]
    I *thought* I recognized that eye you used to have as your pic!
    Jan 18 11:09 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Maybe the farmers should have to pay the fishers for what their agricultural run-off does to their productivity and jobs? See, it's not always about hugging trees (though I know lots of loggers who owe their livelihood to trees). When the chemicals used in some farm operations hit the water, they affect the things that grow there. Lots of commercial and sport fishermen, who would hardly describe themselves as tree huggers, are in support of making sure our waterways stay clean enough for the fish.
    Jan 18 10:58 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Yeah, what right does the Environmental Protection Agency have to try to protect our drinking water?
    Jan 18 10:53 AM | 7 Likes Like |Link to Comment
  • Apple: Parsing Steve Jobs' Memo [View article]
    I'm not a doctor but I play one on the internet. And I have to say I thought of the same thing after the initial shock of the news sank in. The earnings are going to be yet another "best quarter ever" and that should help steady the ship.

    But investors will still wonder about Apple... not Q2 2012, but the Apple of 2014 or 2016. The idea that they will continue to put out these paradigm shifting products even had some naysayers with Jobs at the helm. When he eventually leaves the company, they will have to prove to folks all over again that they can reinvent the wheel and have folks lining up around the block to get one. Apple gets its charisma from Jobs' vision. Sharing a vision for the future is like describing a dream to someone. They kinds get what you mean but it lacks the emotional relevance to them. Apple without Jobs (whenever this happens) will be a different company.
    Jan 18 01:36 AM | 1 Like Like |Link to Comment
  • Quick Chat Number 139. Beginning 01/17/2011 [View instapost]
    This reminds me of the South Park episode where Satan fights Jesus in the ring. Everyone bets on Satan (because he is big and scary) but Satan bets on Jesus and takes a dive in the ring. Then he laughs all the way to the bank. GS, Satan, they are so hard to tell apart anymore...
    Jan 18 01:22 AM | 4 Likes Like |Link to Comment
  • Quick Chat Number 139. Beginning 01/17/2011 [View instapost]
    It sounds like a plot to a movie but I can't decide if its a Coen movie or a Farrelly brothers movie. In any case I'm thinking Rick Moranis for my part. www.imdb.com/name/nm00.../
    I won't alienate anyone by choosing the actors that could play them.

    In all seriousness, I have not had a day out of the state in 10 years. My work keeps me close to home. It's not that I'm so important I can't leave, its just that I'd rather hire myself to do the work than someone else and as a result I am tied to the job all the time.

    I like the idea of a $10k buy in on an investment, though. Nothing wrong with your idea in theory. But one of the beautiful things about the internet is that I have learned so much from all these different folks and have never left my house or office!
    Jan 18 01:15 AM | 5 Likes Like |Link to Comment
  • Quick Chat Number 138. Beginning 01/13/2011 After Market [View instapost]
    HTL, no offense to Maya, but my mother and father are both from Pittsburgh and I can tell you they all live for the chance to get pissed off about something ;)

    If it is just a couple sports comments, I agree with Maya. If it spirals into a long thread about why my team's D is gonna shut down your pour excuse for a quarterback so hard you'll have to cry to your Mommy, well, then I agree with HTL.
    Jan 17 08:01 PM | 2 Likes Like |Link to Comment
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