WFlorid's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/46570/comments http://seekingalpha.com/article/85929-reality-check-for-japanese-commodity-price-estimates?source=feed#comment-210508 210508
The Japanese oil industry seems to have some kind of collective disfunction on its thinking about oil prices. Both of the listed oil producers (Inpex 1605 and Japex 1662) have forecast their earnings this year on prices of $85/bbl and $80 /bbl, respectively, and neither have revised their earnings upward, despite the fact that oil has been above $120 for the entire reporting period (now in its fifth month). I wonder why Japanese oil industry leaders are making analyses so far away from the market price. Can they really hope to prove this is a temporary peak? ]]> Mon, 21 Jul 2008 09:37:55 -0400
The Japanese oil industry seems to have some kind of collective disfunction on its thinking about oil prices. Both of the listed oil producers (Inpex 1605 and Japex 1662) have forecast their earnings this year on prices of $85/bbl and $80 /bbl, respectively, and neither have revised their earnings upward, despite the fact that oil has been above $120 for the entire reporting period (now in its fifth month). I wonder why Japanese oil industry leaders are making analyses so far away from the market price. Can they really hope to prove this is a temporary peak? ]]> http://seekingalpha.com/article/85886-cash-rich-non-u-s-companies-trading-in-the-u-s?source=feed#comment-210430 210430 Mon, 21 Jul 2008 08:35:05 -0400 http://seekingalpha.com/article/75084-a-few-reasons-to-buy-yen?source=feed#comment-159992 159992 1. Can it ever be a good sign for a currency when inflation increases?
2. The issue here is real interest rates, I think. Doesn't the yen have a long way to go on real rates before it competes with USD and EUR?]]> Thu, 01 May 2008 09:00:39 -0400 1. Can it ever be a good sign for a currency when inflation increases?
2. The issue here is real interest rates, I think. Doesn't the yen have a long way to go on real rates before it competes with USD and EUR?]]> http://seekingalpha.com/article/74439-escaping-japan-s-potential-value-trap?source=feed#comment-158501 158501 Tue, 29 Apr 2008 08:31:21 -0400 http://seekingalpha.com/article/72207-nikkei-weekly-outlook-pre-earnings-downside-risk?source=feed#comment-150959 150959 Tue, 15 Apr 2008 08:39:19 -0400 http://seekingalpha.com/article/68548-global-oil-shock-rattles-world-stock-markets?source=feed#comment-126399 126399 Fri, 14 Mar 2008 09:10:31 -0400 http://seekingalpha.com/article/68000-is-this-japan-circa-1992?source=feed#comment-125000 125000 Tue, 11 Mar 2008 08:37:02 -0400 http://seekingalpha.com/article/61841-pricing-japanese-banks-for-bankruptcy-is-overdoing-it?source=feed#comment-113203 113203
While the headline is very interesting, I must say that it does not seem to be supported by facts. Could it be that you were sloppy in preparing this conclusion?

The most glaring issue is that you state that Japanese Banks as measured by Topix trade at a P/B ratio of 0.32. I checked the 95 publicly traded banks today that have positive P/B ratios. The average P/B is 0.85, the Mkt Cap weighted average is 1.1, and the median P/B was 0.77. I could find only one bank below your quoted level of 0.32, and that was Bank of Kochi, listed at 0.31. It is hard for me to understand how this data would lead to a market average of 0.32. Are these banks going bankrupt? Maybe, but I don't see how you could determine that from the price.

In addition, the chart shows "Nikkei" data, but the heading says banks are the cheapest "Topix" sector.

It seems to me that this is not the first time I noticed sloppy fact checking in your articles. I would be very grateful if you could work to improve the standards of Seeking Alpha, which I otherwise enjoy and find very useful.

Sincerely,

William L. Florida]]> Mon, 28 Jan 2008 09:21:20 -0500
While the headline is very interesting, I must say that it does not seem to be supported by facts. Could it be that you were sloppy in preparing this conclusion?

The most glaring issue is that you state that Japanese Banks as measured by Topix trade at a P/B ratio of 0.32. I checked the 95 publicly traded banks today that have positive P/B ratios. The average P/B is 0.85, the Mkt Cap weighted average is 1.1, and the median P/B was 0.77. I could find only one bank below your quoted level of 0.32, and that was Bank of Kochi, listed at 0.31. It is hard for me to understand how this data would lead to a market average of 0.32. Are these banks going bankrupt? Maybe, but I don't see how you could determine that from the price.

In addition, the chart shows "Nikkei" data, but the heading says banks are the cheapest "Topix" sector.

It seems to me that this is not the first time I noticed sloppy fact checking in your articles. I would be very grateful if you could work to improve the standards of Seeking Alpha, which I otherwise enjoy and find very useful.

Sincerely,

William L. Florida]]> http://seekingalpha.com/article/58725-chindia-a-misleading-portfolio-concept?source=feed#comment-107765 107765 Wed, 02 Jan 2008 09:01:49 -0500 http://seekingalpha.com/article/53179-toyota-beats-estimates-raises-guidance-conservatively?source=feed#comment-101438 101438 Fri, 09 Nov 2007 10:21:20 -0500 http://seekingalpha.com/article/47903-pfizer-considering-japan-r-d-unit-spin-off?source=feed#comment-96540 96540 Fri, 21 Sep 2007 09:45:44 -0400 http://seekingalpha.com/article/46800-japanese-property-fear-has-overcome-greed?source=feed#comment-95622 95622 Mon, 10 Sep 2007 07:53:35 -0400 http://seekingalpha.com/article/25091-sony-financial-ipo-talks-heat-up-ps3-launch-date-set-for-europe?source=feed#comment-95293 95293 ]]> Thu, 06 Sep 2007 10:13:58 -0400 ]]> http://seekingalpha.com/article/25091-sony-financial-ipo-talks-heat-up-ps3-launch-date-set-for-europe?source=feed#comment-95292 95292 Thu, 06 Sep 2007 10:11:28 -0400