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wysiwyfind

wysiwyfind
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  • Alpha Natural Resources: A Good Company In A Horrible Market [View article]
    I am (recently) long on ANR. Maybe I am not remembering correctly, but I seem to recall they announced their buy-back when the stock was $20 or so.
    At $11, what are they waiting on? More bad news coming?
    May 22, 2012. 03:17 PM | Likes Like |Link to Comment
  • Last night's 60 Minutes report revealed the startling frequency members of Congress use inside information for personal financial gain. Apparently it's all legal, even this: After receiving secret briefings from Bernanke and Treasury Secretary Paulson as the financial collapse unfolded in Sept. 2008, Rep. Spencer Bachus shorted the market and shorted GE four times. Throw Them All Out, Peter Schweizer says.  [View news story]
    The REAL problem is the voter. The majority of voters will turn a blind eye to this, or any corruption allegation because they are corrupt themselves. It's a "what have you done for me lately" world out there and when most voters are dependent on government largess, they will return the crooks no matter what.
    Mark my words 90 some percent of incumbents will be returned to office, as always.
    It will take a very ugly revolution to undo all this. And that ain't in the cards....yet.
    Nov 15, 2011. 01:00 PM | 1 Like Like |Link to Comment
  • The Jefferson County, Alabama County Commission votes 4-1 to file for Chapter 9 bankruptcy protection. Coming at the end of a back and forth process that's been going on as long as Greece, it would be the largest municipal filing in history, stemming from billions in debt taken on for the Taj Mahal of sewer treatment plants.  [View news story]
    Meredith Whitney: I think she had it right about municipalities...more to come IMHO.
    Nov 10, 2011. 09:30 AM | Likes Like |Link to Comment
  • Already Anticipating The Fed's Next Move [View article]
    No expert here. But isn't the Fed's next move going to be negative interest rates?
    Everybody keeps talking about all the cash on the sidelines. I understand that (lack of) demand is the underlying problem, but why wouldn't Bernie push that button? It's obvious that the QE programs haven't lit up consumers...he ain't got too many arrows left in the quiver.
    I'm just asking....not an expert.
    Sep 23, 2011. 09:39 AM | Likes Like |Link to Comment
  • Winnebago (WGO -17%) sinks following a disastrous Q3 report. Profit is down 80% Y/Y on what CEO Bob Olson calls "softened" demand, saying the company "remained concerned the current recovery appears to be slowing."  [View news story]
    Price of gas approaching $4.00; RV sales go south.
    7 mpg on your avg motorhome makes it a rich man's hobby. Us common folk (rv buyers) cannot hack it.
    Jun 16, 2011. 11:22 AM | Likes Like |Link to Comment
  • Why We're Nowhere Near a Bottom in Housing [View article]
    Quote; inarticulate bafflement.
    Describes my world perfectly.
    Our industry (construction) economists insist we are growing and the recession has been over for months. Yet I am baffled as to why I can't get work and unable to articulate when we will.
    I wonder if there will ever be a real recovery in housing. Our demographics are looking more like Japan (graying). I noticed a graph the other day showing a nose-dive of the U.S. working population. Not good.
    May 18, 2011. 01:00 PM | 7 Likes Like |Link to Comment
  • April Housing Starts: -10% to 523K vs. 585K last month (revised from 549K). Permits -4% to 551K vs. 574K (revised from 594K) last month.  [View news story]
    In this climate, I am shocked that we have 523,000 starts. Heck 5,000 is too many. I know we have to replace homes burned, or flooded or blown away. But, I'm just saying the home building market has been in a depression for years and it seems to have no end in sight. We aren't seeing plans or getting any subdivision work at all. My view is that we have a long way to go still. 2 or 3 years is my guess.
    May 17, 2011. 08:49 AM | 4 Likes Like |Link to Comment
  • Rising Rates Reveal Debt Reality [View article]
    GreenRiver wrote: "The Government should be funding needed infrastructure improvements."
    Spot on!
    At least we would receive tangible assets for our money and provide a stable base for future growth.
    Why is it that there are so few people in politics and government that see this obvious solution?

    Disclosure: I make my pitiful living in the infrastructure biz which hovers on the cusp of complete collapse.
    Dec 31, 2010. 10:03 AM | 1 Like Like |Link to Comment
  • Nov. New Home Sales: +5.5% to 290K vs. 300K expected, 275K (revised from 283K) prior. Months' supply 8.2 vs. 8.6 prior. Median price $213,000.  [View news story]
    And just to add this from us builder types down here on ground level:
    YIKES...Thud! (The sound of my biz this year.)
    Going out of business...2010 drained all reserves, no cash, no real prospects, no hope.
    Thinking about opening a BBQ joint, or something.
    And just to add a positive, if not narcissistic note: Now is probably a good time to go long on the surviving big builders. Us little guys are dropping like flies. Good for the Big Boys, I suppose.
    Dec 24, 2010. 07:54 AM | Likes Like |Link to Comment
  • 'Stranguflation' in the U.S. Economy [View article]
    I agree w User 353732 comments.
    The foreclosure tidal wave has hit our humble neighborhood. Nothing will get you down quite like seeing your next door neighbor leave his home to the bankers.
    No jobs, no home, no uptick in the foreseeable future, therefore, no confidence.
    The inflation component is already showing itself on every level. Fuel, rubber (tires for our vehicles), food, taxes, bank fees, government fees.
    We are working ourselves silly trying to find work (contracts) and can only hope to get break-even contracts. And when we do find work, you can bet some jack-booted government type will be looking at us like we are criminals.
    The misery index is through the roof for this old ditch digger. I hope we all can find a way to survive this "stranguflation."
    Oct 28, 2010. 09:13 AM | 6 Likes Like |Link to Comment
  • Consumers have stopped paying mortgages so that they can cover other bills, says Meredith Whitney on CNBC, leaving banks with rotting assets and a mounting foreclosure problem. A double dip is coming in housing, "no doubt about it."  [View news story]
    I never saw the peak around this area. Just straight down with a few flat spots.
    There are so many foreclosures in my neighborhood, it makes me sick.
    My customers are bankrupting right and left.
    I think we are in for the big D....we'll call the 30's the little d.
    Jun 21, 2010. 09:07 AM | 5 Likes Like |Link to Comment
  • Do Poor Consumers Drive Recoveries? [View article]
    Today is the filing date for my Sub-S return.
    Not only do I feel poor....I am poor.
    Good News: I probably will get back all my Fed tax payments this year.
    Bad News: My country is just as broke as I am, but I can't print money.
    Mar 15, 2010. 08:57 AM | 1 Like Like |Link to Comment
  • Don't Bet on a Recovery [View article]
    Same deal here Paco and Loverboy.
    Our ops are at a standstill. No debt, but no real income, living off the rainy day funds until spring.
    Many foreclosures in my neighborhood. It ain't getting better, at least down here at ground level.
    The only people that are thriving around here are the federal workers. They aren't having a recession, but that's not enough to float the boat.
    I keep thinking (hoping) there will be a big infrastructure push kinda like the Conservation Corp back in the 30's.
    Hang in there! That's all we can do.
    Mar 2, 2010. 12:47 PM | 5 Likes Like |Link to Comment
  • New Home Sales Hit Record Low [View article]
    I hope you're right and I'm wrong....
    I think all the snow we're getting around here adds to the gloom and doom. We're hanging on to see what the summer season yields.
    If it doesn't bring us some work, that van down by the river might be a good thing. :-)
    Feb 25, 2010. 09:56 AM | 1 Like Like |Link to Comment
  • New Home Sales Hit Record Low [View article]
    You may want to hold onto the bubbly for some other celebration in some other year.
    Out here at ground zero, we are seeing zero private work, in home construction.
    I believe most of the new home-buyers are done and the program expires in June or July. So, batten down the hatches...it's going to get worse.
    I can't believe that a dozen units sold in this climate, never mind 309,000.
    Feb 25, 2010. 08:36 AM | 1 Like Like |Link to Comment
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