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  • KKR burned by energy bets [View news story]
    Whether or not it was KKR dollars or others or both they have made horrible decisions which will impact their reputation for many years.

    Primary reason for BRK.A & BRK.B 18 month flatline starting at the end of 2010 was investing in KKR on the Energy Future Holdings fiasco. I believe $2b was written off by Warren & shareholders.

    Meanwhile in North Texas, home of Energy Future Holdings, they are experiencing 2 hour rolling blackouts of very selected areas during days of 100+ degrees. Wonder why? Could it be they have not invested in infrastructure in a growing area? Texas Public Utilities was a very fine company until it went the way of a PE buyout. Ask former employees (which I'm not).

    Not sure where 9% gains annualized start position begins but it's basically flat to down in the last several years.
    Aug 19, 2015. 04:00 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Stock Plunge Weighs On World Markets [View article]
    I wouldn't short housing right now.

    Case Schiller numbers.
    Aug 18, 2015. 12:17 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: China Stock Plunge Weighs On World Markets [View article]
    The foreclosure rate is "as expected" as banks & courts have exhausted years of gummed up cases caused by "robo signing" & other illegal practices from mortgage & lending institutions. Courts ruled in 2011-2012 that foreclosure practices by some lenders were unlawful & therefore delayed 100 of thousands of foreclosures.

    Dallas real estate has been very robust in the last 36 months. The up 64% in foreclosures in Dallas does not reflect home values but simply a misleading statistical measure that benefits only lending institutions as they now can get their money & certainly has not harmed housing prices.

    After December 31, 2013 those that default are now required to pay taxes on the loss that was incurred by lender. Smart ones (or crooked ones) sold out prior to then.
    Aug 18, 2015. 11:45 AM | 2 Likes Like |Link to Comment
  • Weekly Market Update - Recent Earnings And Economic Data Are Positive As The Market Sells Off [View article]
    Fear thanks again. Look forward to your thoughts every weekend.

    In looking back to this time LY, my portfolio hit the summer time low on the 5th trading day of Aug '14 & continued aggressively upward until 7th trading day in Oct '14 when Ebola started to overwhelm everything.

    During that time I was overweight AAPL & had no energy exposure. Yesterday was the 5th trading day of Aug so with more than usual in cash I finally picked up DIS & MBLY (Thurs), and, believe it or not, TWTR (<1% of portfolio) yesterday near close of session. Really watching XON to add after a blood bath yesterday.

    IMO, biotech stocks will keep going up, eventually, until there is no good news on major drug breakthroughs. Could be years before that occurs. Obviously not in a straight line but my thinking is we are still in the early innings in the sector. Adding carefully to GILD if <$111 & will add to JNJ if <$97.

    As you mentioned, a lot of negativity surrounding AAPL. Reminds me of 2013. In no way do I think it will be a 2013 like stock swoon. Nevertheless, just after earnings I sold out of 1/2 position to primarily take profits & become more flexible in making entry points (timing the market?). Sometimes timing is the wrong thing to do. Article comments are filled with such negativity surrounding the watch & music that it is almost laughable. I predict the watch will be very successful (Have one since June) & music subscriptions will be an added no brainier for iPhone purchases within a year (huge listener & it's great). Bloggers are out in force. Just a game with a lot of noise that will soon abate.

    Thanks again.
    Aug 8, 2015. 11:36 AM | 3 Likes Like |Link to Comment
  • Apple: There Won't Be An iPhone 6s Bump [View article]
    Revenue guidance provided by AAPL was not weak unless one thinks a 16% YoY (using lowest guidance number) growth is weak. Definitely not "very weak". Stock may go down but your analysis is not convincing.
    Aug 3, 2015. 04:27 PM | 11 Likes Like |Link to Comment
  • Is It Time To Sell Skyworks Solutions? [View article]
    Thanks for sharing your article.

    SWKS may indeed be an excellent investment at current price but QRVO was more severely punished & IMO, a better buy at its current price. If AAPL just hits its lowest guidance rev numbers ($49b) for this quarter, it would still be >16% growth YoY. Both AAPL & RF chip manufactures were severely punished. I expect all 3 will be higher in price 1st quarter 2016.
    Aug 1, 2015. 01:37 PM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Investors Await Fed Policy Announcement [View article]

    There are wireless keyboards available for iPads now. Not sure about phones, never heard of one.
    Jul 29, 2015. 12:17 PM | 1 Like Like |Link to Comment
  • Is Apple Music The Next Maps? [View article]
    Thanks for article

    Maps - had real issues, went with GOOG maps for 1 year, been using aapl maps last 2 years frequently with no issues

    Music - a little clumsy at first, have < 100 songs no problems, several times had problem finding previously defined radio stations, last 2 weeks - love it, will be a subscriber

    Watch - got june 1, no problems at all, excellently crafted software for activity monitoring, control Music, Apple TV, LED lights, texts, pay, etc. I'm a huge fan, improved activity level, will be huge imo
    Jul 27, 2015. 11:14 AM | 10 Likes Like |Link to Comment
  • Skechers: Why Citi's $142 Price Target Is Still Undervaluing The Company [View article]

    I'm not a shareholder SKX so I'm not pumping & dumping anything. Never have nor ever will.

    Apparently you have a problem with the stock or senior management. I know all about LA Gear & before. I also know I made a lot of $'s on their shoes in the 80's & 90's in my retail stores.

    So whatever your problem is, I don't care. You obviously can't tell the difference from an accurate post and a lie because of your extreme bias.
    Jul 23, 2015. 05:09 PM | 1 Like Like |Link to Comment
  • Buying Apple: Consider The Scale Of The Potential Investment [View article]
    Good thoughts but AAPL continues to repurchase shares which muddies the water a bit on your main point. Thanks for sharing.
    Jul 23, 2015. 12:44 PM | 3 Likes Like |Link to Comment
  • Apple: The Stark Contrast Between iPad And Surface Sales [View article]
    Put at least an A8 chip in the mini & I'm in for myself & other members of my family. This will happen & be available in Oct this year, IMO.

    Thanks for clarification as I did notice the huge uptick in sale of Surface just reported.
    Jul 23, 2015. 12:36 PM | 1 Like Like |Link to Comment
  • Skechers: Why Citi's $142 Price Target Is Still Undervaluing The Company [View article]
    They were in the business way before SKX. They ran a very profitable private footwear business. I was in the industry and I can't think of anyone other than Knight that has been as successful on a long term basis. Sure there are bad seasons in the footwear business. Something as simple as not having the right color in the line can mean millions of $'s in a single season.

    They have run a fickle business because footwear IS a fickle business. Home runs separate individuals.
    Jul 22, 2015. 11:08 AM | 2 Likes Like |Link to Comment
  • Skechers: Why Citi's $142 Price Target Is Still Undervaluing The Company [View article]
    I can't tell you where SKX stock will be in the future but I can tell you senior management have been hitting home runs for over 4 decades in the footwear industry. These guys know how to run a business in a very difficult industry to succeed in consistently.
    Jul 22, 2015. 08:58 AM | 1 Like Like |Link to Comment
  • Apple beats estimates, guides light; shares fall [View news story]
    Including this qtr EPS with the prior last 3 qtrs = $8.66 p/s. A 15 p/e = $129.90; a 16 p/e = $138.56.

    The qtr just reported is typically their lowest EPS of year.
    Jul 21, 2015. 05:49 PM | 4 Likes Like |Link to Comment
  • Citigroup: A 79 Cent Dollar Too Good To Pass Up [View article]
    Nice succinct article. Thanks for sharing.

    Maybe the diminishing stream of bank fines via fed will begin to benefit big financials. Maybe premature but I'm positioned more now than the past so I hope that's the case.
    Jul 11, 2015. 10:53 AM | 3 Likes Like |Link to Comment