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bukdow

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  • Southern Copper (SCCO +0.6%) is now Citigroup's preferred America's copper exposure and is raised to Buy in tandem with a downgrade of Freeport McMoRan (FCX -4.2%). SCCO operates true Tier 1 copper assets with cheap growth potential and minimal sustaining capex requirements, the firm writes; a near-term risk is that labor contracts in Peru need to be renegotiated in 2013. [View news story]
    This is ridiculous. This is nothing more than Citigroup, Blackrock, etc. throwing a tantrum because they weren't privy or allowed forewarning. This is an excellent longterm move by FCX that increases it's reach and capability.

    All this does is create a fine buying opportunity.
    Dec 6 03:25 PM | Likes Like |Link to Comment
  • A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
    If you don't mind obsidian, I would like to see some hard evidence regarding the different time frames. Frankly, I don't see much of a difference even if a difference in holding does exist. Its all investment for profit. If a company fails in 3 years versus 7, it still fails.

    I realize the Left's claims go nearly unchallenged these days, but maybe you could indulge my "prejeduce" (sic).
    Nov 15 06:56 AM | 1 Like Like |Link to Comment
  • A bull on local newspapers, Warren Buffett's Berkshire Hathaway (BRK.B) will close at year's end its 10K-circulation Manassas News & Messenger, which began publishing in 1869. "We didn't see any way to turn it back into a profitable enterprise," says Terry Kroeger, who manages Berkshire's newspaper division. [View news story]
    Wouldn't this make Buffet (the liberals' favorite capitalist) akin to that evil Romney and his actions at Bain? I think I need Chris Matthews to explain this to me.
    Nov 14 03:43 PM | 1 Like Like |Link to Comment
  • Seeking Alpha's Election Overview [View article]
    @Shaun, you cite the USD as being the world's reserve currency as a reason why the US is in better shape than Greece. Well, if you think that is a legto stand on, you have not been paying attention. China is /has been making deals with Australia, Brazil, Argentina and Japan for huge currency swaps and exclusive trade deals NOT tendered in USD.

    So, the world (i.e. China) is actively and aggressively working to undo the USD as the world's reserve currency. Additionally, as inflation takes hold it will be a double-whammy when thos near worthless USDs come home to roost.
    Nov 7 05:11 PM | 1 Like Like |Link to Comment
  • "Asian-Americans are the highest-income, best-educated and fastest-growing racial group in the United States," the Pew Research Center wrote in recent massive study. The WSJ discusses the rise of Asian-Americans in a weekend essay, saying that they "have become the immigrant group that most embodies the American promise of success driven by will and resolve." [View news story]
    Good. Compared to the other hordes, Asians share the values that made America great.

    Who knows? An influx of Asians (that stay true to their culture) in lieu of other less productive immigrants, the election of Romney and the subsequent trimming down of entitlements and the federal government and improved economy, coupled with a new/different reality for the "Obamaphone" types in this country and we may actually be able to turn things around.

    My fingers are crossed.
    Oct 28 10:07 AM | 3 Likes Like |Link to Comment
  • GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous. [View news story]
    I'll bet it gets revised down. Secondinly, the fact a large portion of the growth was due to government expenditures is not good.

    Though its not doomsday, I don't think its wise to whistle past the graveyard either. The economy is in bad shape and hasn't made any real strides at all. As I pointed out, annual GDP is trending down.
    Oct 26 01:48 PM | 2 Likes Like |Link to Comment
  • More on Q3 GDP: Real personal consumption +2% vs. +1.5% in Q2. Residential fixed investment +14.4% vs. +8.5%. Federal government expenditures +9.6% vs. -0.2%. Real final sales +2.1% vs. +1.7%. Prices +1.5% vs. +0.7%. Quickly rebounding stock index futures are given another boost by the beat, the S&P 500 flat after being down about 1%. [View news story]
    The OWS types want MORE government handouts and a LARGER nanny-state. They didn't stand up for anything more than their own perpetual adolescent, selfish, chronic malcontented interests.
    Oct 26 01:42 PM | 8 Likes Like |Link to Comment
  • GDP Q3 (1st estimate): +2.0% vs. +1.9% consensus, +1.3% previous. [View news story]
    Really? You are touting 2%? The annual 2012 GDP is lower than the annual 2011 GDP.

    I am not necessarily a "double dipper", but good Lord, I wouldn't hang my hat on the GDP data.
    Oct 26 09:50 AM | 1 Like Like |Link to Comment
  • Jim Rogers: The U.S. Faces Several 'Lost Decades' [View article]
    The USD is being replaced by SDRs. The debt ($16T+) and the the trade agreements being made by Russia and China with the rest of world that will not be tendered in USD are now insurmountable. Get out of USD equities and get into gold and silver.
    Oct 16 06:57 AM | 1 Like Like |Link to Comment
  • Hungary PM Viktor Orban rejects IMF and EU conditions necessary for the country to receive a bailout loan, and says the government will work on its own set of proposals to present to creditors. Among the IMF demands are for bank taxes to be cut while personal income taxes are hiked. "This will not work," says Orban. [View news story]
    He may be a bit "unorthodox" but good for Orban. I am sure he will be punished.
    Sep 6 12:15 PM | 2 Likes Like |Link to Comment
  • Some jobs remain beyond the reach of automation, but the list is growing shorter. "The pace and scale of this encroachment into human skills is relatively recent and has profound implications," says MIT's Andrew McAfee. Next: Robots with "eyes" (using technology found in Microsoft's Kinect) that can pick up boxes and drop them on a conveyer belt. Think FedEx and UPS. [View news story]
    I think the point is that low-skilled jobs are becoming less and less available. Which begs the question, what will happen to the low-skill people?
    Aug 19 04:35 PM | Likes Like |Link to Comment
  • Devon Energy: Wait For Global Recovery [View article]
    If you wait for a full-blown recovery of everything, you will have missed out on 25% gains in DVN.
    Jul 2 06:52 AM | 3 Likes Like |Link to Comment
  • OIL: The Buy Of 2012 [View article]
    All of the great energy companies available at fire sale prices right now is a great, great opportunity for the long-term investor.
    Jun 29 10:06 AM | 6 Likes Like |Link to Comment
  • The growth of new sources of oil, helped by the widening use of fracking, is expected to enable the U.S. to halve its reliance on Middle East oil by 2020 and possibly eliminate it completely by 2035. By the end of the decade, 50% of oil will be produced domestically and 82% on this side of the Atlantic.  [View news story]
    Only if Congress lets it happen. This is a great opportunity for the US that could give us a leg up for the next half-century.
    Jun 27 08:10 AM | Likes Like |Link to Comment
  • Will New Leadership Save Chesapeake? [View article]
    Indeed. All these people predicting the implosion of CHK are being hysterical. No, no one would *ever* want to lead CHK. Who would want all that acreage and Chinese money?
    Jun 27 08:10 AM | Likes Like |Link to Comment
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