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7footMoose

7footMoose
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  • Latest blow to Paula Deen, who was dropped like a hot potato by various employers and sponsors throughout the week (I, II, III) comes from Random House. Until Friday, the one bright spot of the chef's week was the #1 spot on Amazon's (AMZN) best-seller list taken by pre-orders for her newest book, due in October. But Random House, the publisher, has now backed away from publishing the book and cancelled the rest of its contract with Deen. Sears, J.C. Penney, K-mart, Walmart and Target all had announced they would stop selling Deen-branded products, including books. Also yesterday Novo Nordisk (NVO) did finally drop her as a spokesperson.
      [View news story]
    Have you poled "most Americans" or are you generalizing without facts again?
    Jun 29, 2013. 05:53 PM | 2 Likes Like |Link to Comment
  • Latest blow to Paula Deen, who was dropped like a hot potato by various employers and sponsors throughout the week (I, II, III) comes from Random House. Until Friday, the one bright spot of the chef's week was the #1 spot on Amazon's (AMZN) best-seller list taken by pre-orders for her newest book, due in October. But Random House, the publisher, has now backed away from publishing the book and cancelled the rest of its contract with Deen. Sears, J.C. Penney, K-mart, Walmart and Target all had announced they would stop selling Deen-branded products, including books. Also yesterday Novo Nordisk (NVO) did finally drop her as a spokesperson.
      [View news story]
    Would you like to comment on Alec Baldwin's behavior and the media's reaction?
    Jun 29, 2013. 02:32 PM | 3 Likes Like |Link to Comment
  • Latest blow to Paula Deen, who was dropped like a hot potato by various employers and sponsors throughout the week (I, II, III) comes from Random House. Until Friday, the one bright spot of the chef's week was the #1 spot on Amazon's (AMZN) best-seller list taken by pre-orders for her newest book, due in October. But Random House, the publisher, has now backed away from publishing the book and cancelled the rest of its contract with Deen. Sears, J.C. Penney, K-mart, Walmart and Target all had announced they would stop selling Deen-branded products, including books. Also yesterday Novo Nordisk (NVO) did finally drop her as a spokesperson.
      [View news story]
    I am not so much a Paula Deen fan as I am an advocate of let's be just a little realistic about her "crime". She has said some things that were insensitive and which she should not have said but she has not committed any crimes against humanity only crimes against political correctness. This is another case of media overreaction creating chaos and calamity.
    Jun 29, 2013. 06:34 AM | 16 Likes Like |Link to Comment
  • Insiders at JPMorgan (JPM +1.1%) believe Jamie Dimon has the votes to support his dual roles of CEO and Chairman, reports Charlie Gasparino. Key will be big votes from BlackRock and T. Rowe Price due in a few days, and execs feel they have won those. If Dimon loses? "He won't leave them in the lurch ... he will groom a successor." [View news story]
    This is nothing more than much ado about nothing played up by the uninformed and the media.
    May 15, 2013. 06:22 AM | 3 Likes Like |Link to Comment
  • Pres. Obama calls for an energy fund that would spend $2B over 10 years to focus on research on green fuel sources for vehicles. The research would focus on a range of technologies and non-oil fuels such as biofuels and natural gas, and would be funded mostly from royalties the government gets from offshore drilling. [View news story]
    Finally, T. Boone Pickens might just have his ideas taken seriously.
    Mar 15, 2013. 05:05 PM | 1 Like Like |Link to Comment
  • Congress is increasing its efforts to force the Postal Service to maintain Saturday deliveries, with the Senate considering a provision about the issue in a budget resolution after the House passed similar legislation last week. There are also dark mutterings that the decision, which would save $2B a year, would make it more difficult for Congress to make other changes the Postal Service wants. [View news story]
    Saturday delivery is not necessary, even for Congress which is out of town very week beginning on Thursday.
    Mar 15, 2013. 09:31 AM | 1 Like Like |Link to Comment
  • Congress is increasing its efforts to force the Postal Service to maintain Saturday deliveries, with the Senate considering a provision about the issue in a budget resolution after the House passed similar legislation last week. There are also dark mutterings that the decision, which would save $2B a year, would make it more difficult for Congress to make other changes the Postal Service wants. [View news story]
    I guess the Postal Worker Union had some objections to reducing head count and/or hours at the Post Office and the weenies on Capitol Hill just caved. Why save the American people $2.0Billion a year when you can buy some votes with other peoples money?
    Mar 15, 2013. 06:19 AM | 2 Likes Like |Link to Comment
  • "It's fun to be able, for once, to place yourself on the cheerleaders' side of the U.S. markets," writes Richard Russell, advising his readers to buy the DJIA ETF (DIA). "It makes sense to be on the side of the (Fed)." Russell last week: I've never seen anything like this. [View news story]
    Where do you come up with a 40% downside?
    Mar 13, 2013. 04:48 AM | Likes Like |Link to Comment
  • "It's fun to be able, for once, to place yourself on the cheerleaders' side of the U.S. markets," writes Richard Russell, advising his readers to buy the DJIA ETF (DIA). "It makes sense to be on the side of the (Fed)." Russell last week: I've never seen anything like this. [View news story]
    We are greedy when others are fearful and we are fearful when others are greedy, paraphrasing Warren Buffet.
    Mar 13, 2013. 04:46 AM | Likes Like |Link to Comment
  • Wells Fargo: 2 Huge Upside Catalysts [View article]
    You should rethink your assumptions in light of the age old concept of supply and demand. There is little evidence that there will be either a sharp uptick in demand nor is there likely to be any shortage of supply for some time. All of those corporate borrowers will need to drain their own liquidity before returning to borrowing from banks. With corporations itting on huge piles of liquidity that will take years. Additionally, Dodd Frank and Basel III will impact bank leverage. It is a new game and the banks will need to learn the rules after those rules are fully written.
    Mar 4, 2013. 04:48 AM | Likes Like |Link to Comment
  • President Obama is due to meet Republican Senators John McCain and Lindsey Graham today, ostensibly to talk about immigration reform, although you'd expect the looming $85B in spending cuts to crop up in conversation. There's otherwise little indication that Democrats and Republicans are in negotiations to cancel/postpone the sequestration. [View news story]
    Sequestration, much ado about nothing.
    Feb 26, 2013. 05:24 AM | 2 Likes Like |Link to Comment
  • RBS (RBS) will reportedly unveil plans on Thursday, along with its FY results, to float its Citizens U.S. retail bank. While an IPO could eventually bring in £8B, RBS will initially sell just 25%. The move is part of RBS's response to political and regulatory pressure to boost its balance sheet and increase its U.K. focus. RBS also intends to continue reducing its investment bank ops, including slashing the size of its balance sheet by £20-30B. [View news story]
    Who would buy this and why? The same inept European bank will continue to control this US Sub with even less incentive to reward shareholders once they have repatriated the cash proceeds. The fundamentals of banking have not gotten markedly better.
    Feb 25, 2013. 07:41 AM | Likes Like |Link to Comment
  • Citigroup: Optimism Everywhere, Are They Right? [View article]
    I wonder what will happen to all of these bank's earnings once the mortgage refi boom ends. There is very low loan demand which has driven down the loan to deposit ratios to level not seen since the 70's. The yields on portfolios, via; net interest margin, continue to shrink. Where is the revenue growth going to come from. Oh yeah, they will just go back to making bad loans to unqualified borrowers in the name of earnings trying to buy themselves bonuses and time.
    Feb 25, 2013. 05:27 AM | 1 Like Like |Link to Comment
  • Flowers Foods (FLO) and Mexico's Grupo Bimbo are reportedly set to be the stalking horse bidders for Hostess Brands' bread ops, which the bankrupt company is likely to sell in at least two groups and which could fetch over $350M. Other possible suitors include Wal-Mart (WMT) and Kroger (KR). Wonder Bread, Nature's Pride, Home Pride, Merita and Butternut are among the brands on offer. [View news story]
    Can't argue with that>
    Jan 6, 2013. 05:37 PM | Likes Like |Link to Comment
  • Citigroup (C) plans to ask permission for a "minimal" buyback of its shares as part of the latest Fed stress test. The 19 largest U.S. banks are due to put forward their plans to return capital to shareholders as part of an annual Fed-supervised exercise, and due by Monday. Speculation is that, among other plans outlined for the remaining banks, JPMorgan (JPM) will seek a dividend increase and a share repurchase program. [View news story]
    I am impressed by your prescience. Have you called Ben B to explain what is going to happen this year?
    Jan 6, 2013. 08:06 AM | Likes Like |Link to Comment
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