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raphael walker

raphael walker
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  • Evidence That Warren Buffett Manipulated The Silver Market In Late 1990s [View article]
    A fine exercise in missing the point by another cultist. Since Buffett can do no wrong, he can do no wrong! Now, ipaddler, is that circular reasoning, or is it tautology?
    Feb 22 11:47 AM | Likes Like |Link to Comment
  • Evidence That Warren Buffett Manipulated The Silver Market In Late 1990s [View article]
    It is interesting to see that among the many comments, the majority of them strongly dislike the article and stalwartly refuse to attack the article on its merits but boldly engage in ad hominem attacks on the author. (Somebody somewhere on the internet saying something less than utterly cravenly worshipful about Buffett is like somebody somewhere else burning a Koran.) There's only one objection among the many replies that begins to address the substance of the piece. The rest sound like cultists who not only cannot understand but don't want to understand what went on all those years that Buffett fanatics were clogging the internet with their 'buy silverrrrr!' flapdoodle.

    Of Spirach I expect no more. But Rich Rockwood could do a much better job, if he felt like it, of offering a constructive critique.
    Feb 21 05:21 PM | 1 Like Like |Link to Comment
  • Warren Buffett's Newest Conviction Buy Ideas [View article]
    There's no point. Among the SA writers who mention companies I'm interested in, this kid is among the top five worst for wild inaccuracy and refusal to do research.
    Feb 21 04:35 PM | Likes Like |Link to Comment
  • Don't Be Fooled By Eastman Kodak's Dead Cat Bounce [View article]
    Um. Corning was never in bankruptcy. Dow Corning, the joint venture, was bankrupted by trial-lawyer pseudoscience. But GLW was not bankrupted by silicone, debt, or even the fiber glut.
    Jan 13 11:07 AM | Likes Like |Link to Comment
  • Don't Be Fooled By Eastman Kodak's Dead Cat Bounce [View article]
    GLW was under pressure because it was all dot-commy, trading on dreams of endless demand for fiber-optic cable. The fiber-optic dreams crashed back to earth but the debt remained. Wall Street misguessed that the Houghtons and Gunds would let Corning go under. (Kodak has no such benevolent, large, longstanding owner/managers.) Even with cable demand down to nil, the rest of GLW was cash-flow positive. (Another apples/oranges difference with Kodak.) So, yes, at $1.90, $1.70, it was a gimme. But you overstayed and should have taken your ten-bagger profits like I did.
    Jan 12 01:29 PM | Likes Like |Link to Comment
  • Farmer Brothers: The Coffee Stock That Was Left Behind [View article]
    You are about three years too late. What was once a value stock is now an also-ran selling salad dressing and soup mix. Sure, there's some real estate carried at a low value. But you should really do yourself a favor and compare say the 2007 10K to the current filings. Assets north of $300 million, liabilities under $50 million. Income. And- dividends! Family and management were crabby- but competent. Ah, the good old days.


    To paraphrase Buffett, if after fifteen minutes at the poker table you can't tell who the patsy is, then you're probably not the pirate.
    Dec 13 04:59 PM | 1 Like Like |Link to Comment
  • Eastman Kodak: Watching The Slow Demise Of A Once Iconic Company [View article]
    "What's next for the fledgling company?" To which fledgling company are you referring?
    Dec 9 02:59 PM | Likes Like |Link to Comment
  • Buying Gold Miners Versus Gold Bars [View article]
    Seems to me that 'all the biggies are selling' fits quite snugly next to 'may be ready to surge', especially with the conditions you emphasise, esp wrt fiat-money regimes.

    If/when Germany runs out of propping-up capacity, then does the euro start acting less like a Deutsche Mark and more like a drachma or lira or escudo? Do ordinary Europeans, faced with a sharp decline in purchasing power, buy more bunds, or do they take a train ride to Zurich to buy a little gold bar or two?

    And the dollar, you say, is in even worse shape than the euro. Well gee that's gotta be terrible for gold demand, don't it?

    (Since neither ordinary Europeans nor ordinary Americans will be able to afford $2000/oz//euro eq, you may be building a tacit bull case for silver...)
    Nov 23 12:52 PM | Likes Like |Link to Comment
  • Why Qwikster Will Die Quickly [View article]
    I love being able to stream the deleted scenes, the making-ofs, the interviews with the cast and director for my favorite movies and tv shows on Netflix streaming.

    Oh.
    Sep 20 10:49 AM | 2 Likes Like |Link to Comment
  • Down Under Down Under: A Visit to Arafura Resources Nolan's Bore Rare Earth's Project in Australia's Northern Territories [View instapost]
    Malaysian game-playing, complete with an implicit request for bribes: Check. www.reuters.com/articl... Lynas- down sharply. Arafura- up just a little bit.
    Jun 30 10:40 AM | 2 Likes Like |Link to Comment
  • Down Under Down Under: A Visit to Arafura Resources Nolan's Bore Rare Earth's Project in Australia's Northern Territories [View instapost]
    The funding was going to be a billion more, more or less; that seems to be unchanged. That funding requirement has apparently been long figured into Arafura's market cap. The stock's drop since appears to be roughly a dollar-for-dollar offset factoring in dilution for the added cost of the extended study, plus a 10% or so discount-- a fairly bubbly, smallish, by vc standards-- for the additional year till production.

    Add a billion to the current market cap, devalue Arafura relative to Molycorp and Lynas for the additional year's head start they have on ARA, and you get the current market cap. Subtract the time & nuisance value of Malaysian game-playing and sincere Californian nimbyism and ARA starts to look as cheap as the good Dr seems to suggest it may be.
    Jun 28 09:23 PM | 1 Like Like |Link to Comment
  • More Signs of a Top in the Rare Earth Stock Bubble [View article]
    Oh, my mistake. You're allowed to make broad, sweeping, and fundamentally incorrect statements, but any criticism must be focused like a laser beam on your precise error.

    Okay, so I owned Unocal over thirty years ago and used to read the Molycorp pages in the annual reports. So who's closer to the truth, you saying it's a "very young company" or me making fun of you?

    As for the rest, I notice you fail to whine about how I make fun of you for pretending that that Chinese fraud is a rare-earth miner. I notice that you rely quite heavily on a narrow, prejudice-favoring take on the Goldman report, and that either you're too thin-skinned about criticism or too self-absorbed to realize it.

    Where you would do a service rather than merely waste time and space is in separating wheat from chaff, rather than pretending that Molycorp and Shen Zhou are same-same.

    But of course for that there are real analysts who actually know something about the rare earth elements and the various mines & managements. If there's a Jack Lifton, there hardly needs to be a "Rougemont".

    Oh. My mistake again. There I go, pretending that a day trader knows anything about fundamental stock analysis.
    May 11 08:37 AM | 4 Likes Like |Link to Comment
  • More Signs of a Top in the Rare Earth Stock Bubble [View article]
    I like the pretense that Molycorp is a brand-new company with absolutely no operating history.

    Then there's the 'if Goldman issues a report that I can twist into accord with my own prejudices, then it must be true'.

    Then there's pretending that that Shen Zhou thing has something to do with rare-earth elements.

    Do I need to know anything else about the author's analytical prowess?

    Heh.
    May 10 01:49 PM | 6 Likes Like |Link to Comment
  • American Israeli Corporation: Interesting Yet Disturbing [View article]
    One thing to note about management is this: the guy who controls over 60% of the shares pays himself a salary which is a meaningful percentage of Ampal's entire market cap; in addition to which, he requires a large number of options to be given him since ownership and salary are insufficient motive; not only that, but when the stock price responds in accordance with the value a company of such non-sterling corporate governance merits, he insists on having his options repriced.

    A much steeper discount to tangible book value than this week's dollar twenty would be required to make up for the problem of management.
    May 5 09:12 AM | Likes Like |Link to Comment
  • Central Steel & Wire Company: Potentially Undervalued Assets, Increasing Earnings [View article]
    If only Berkshire's Precision Steel subsidiary could merge with CSTW.
    Apr 18 06:19 PM | Likes Like |Link to Comment
COMMENTS STATS
44 Comments
52 Likes