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Philip Marlowe

Philip Marlowe
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  • Mogul Redstone denies lawsuit's claim of incapacitation [View news story]
    I have to say, strange things have been happening to Viacom as questions about Mr. Redstone's age are surfacing. Comedy central managed to lose all their talent to absolutely disastrous results. Of course people retire and decide to change careers, but it is a bit strange that John Stewart, Steven Colbert and John Oliver all decided to leave at about the same time.

    It really seems that someone decided on a substantial change of strategy over there.
    Nov 25, 2015. 03:50 PM | Likes Like |Link to Comment
  • Skyworks abandons deal for PMC [View news story]
    Good for Skyworks. It is very encouraging to see management show discipline with using the shareholder's money and not to get too deep into an auction type situation.

    There are plenty of organic growth opportunities in the business they are currently in. And they should use the vast amounts of cash they are producing to buy back their perpetually undervalued shares.
    Nov 24, 2015. 10:59 AM | Likes Like |Link to Comment
  • Yellen to savers: Sorry, rate hikes will be gradual [View news story]
    Savers can invest in the stock market. The Yellen years have been great for the stock market. The Fed's prime concern should be the economy -- i.e., people that are actually working as well as capitalists that are investing in productive enterprises.

    The low rates have been good for the economy, as well as for the american workers that have mostly avoided a horror scenario of permanent massive unemployment and wage cuts, which was looking quite likely at the time of the 2008 crisis.

    This concern about savers is a little puzzling. Savers that have been saving for a long time have obtained quite a benefit. Even though interest rates are super low, the price of assets that savers hold (e.g., government bonds) rose very high in the last 10 years, allowing these savers to make good money.

    Savers that start saving now or recently, should be able to look at the reality of today's markets and act accordingly i.e., they should be investing more in equities than bonds.

    The people that are really hurt are those betting on the failure of the American economy (i.e., gold bugs).

    This concern for savers strikes more as a hidden concern for banks. Banks like high interest rates because it allows them to make money by doing pretty much nothing and taking up no risk. The old adage of "borrow at 3, lend at 6 and be on the golf course by 3pm" does not quite work in these days of very low interest rates.

    Now banks need to take up risky loans to make good money on interest, which means they would actually have to do a good job of evaluating and discounting risk. Well, that is tough for the poor bankers, but it is their actual job and they get paid well for it.

    But to hurt the real US economy just to benefit bankers would be a monumental mistake. And I have no idea why Ralph Nader is arguing for making such a mistake.
    Nov 23, 2015. 05:27 PM | 1 Like Like |Link to Comment
  • ON Semi director buys 100K shares after Fairchild-driven selloff [View news story]
    ON semi is probably a good deal right about now. 10% forward P/E and growing at a steady state. They play in some very hot fields where their competitors trade at much higher valuations.
    Nov 23, 2015. 04:53 PM | Likes Like |Link to Comment
  • Eurozone business growth jumps in November [View news story]
    The US strong dollar policies have been a gift to the Europeans. The fed has been telegraphing their plan to hike for two quarters now, the dollar has been rising, and European businesses are benefiting.
    Nov 23, 2015. 12:39 PM | Likes Like |Link to Comment
  • Casino sports books pounded along with Ronda Rousey [View news story]
    I have to say I am so proud that our society has advanced to the point where a woman can participate, or even lead in the male dominated sport of throwing fights for profit.
    Nov 18, 2015. 12:16 PM | 5 Likes Like |Link to Comment
  • ON Semiconductor to buy Fairchild for $20/share in cash [View news story]
    Dammit! Why?

    It is so frustrating, you buy a great semiconductor company and you think you are safe, because you own a great company. But no, you have to worry that they will go out and purchase a mediocre company. I am suffering the same worries with SWKS.
    Nov 18, 2015. 11:48 AM | 1 Like Like |Link to Comment
  • Microsemi boosts cash portion of bid for PMC-Sierra [View news story]
    I hope SWKS does not counter! Don't get into a bidding war, please! If microsemi "wins" SWKS will get 88 million for free and they will continue to be one of the best semiconductor companies in the world.
    Nov 18, 2015. 11:46 AM | 2 Likes Like |Link to Comment
  • Microsemi boosts cash portion of bid for PMC-Sierra [View news story]
    It is not the end of the story before the deal closes. The law requires that management always consider competing offers.
    Nov 18, 2015. 11:41 AM | 1 Like Like |Link to Comment
  • Xplore: The Tech Unicorn You've Never Heard Of [View article]
    I am curious. What did you not like about management? I am asking because I may actually get a chance to meet them and want to know what to ask and what to look out for.
    Nov 13, 2015. 07:20 PM | Likes Like |Link to Comment
  • Wall Street/Buffett relationship turns testy [View news story]
    Yeah, this is not comparable. Soda is bad for you, but you have a choice whether to drink soda or not. If you need a drug that is made by some pharmaceutical that Ackman takes over and hikes the prices, you do not have a choice. You have to pay the higher prices or die.

    I am not happy with Buffet's holdings of Coke both from a moral stand point but also from an investment standpoint (soda is a shrinking business), and that is one of the reasons I eventually sold out of BRK. But it is simply not comparable to what Ackman does with pharmaceuticals.

    And that tweet analysis sure made me laugh.
    Nov 13, 2015. 11:41 AM | 5 Likes Like |Link to Comment
  • Wall Street/Buffett relationship turns testy [View news story]
    Yet he never invested in a cigarette company.
    Nov 13, 2015. 11:34 AM | 13 Likes Like |Link to Comment
  • Xplore Technologies beats by $0.08, beats on revenue [View news story]
    Great quarter from explore. Beating revenue expectations by 30%! That does not happen often.
    Nov 12, 2015. 05:58 PM | Likes Like |Link to Comment
  • Theranos' $350M Safeway deal on the rocks [View news story]
    Sure ... it is the board members' fault, not the CEO's fault. The beautiful cannot be guilty!
    Nov 11, 2015. 10:32 AM | Likes Like |Link to Comment
  • Warren weighs in on Kashkari: Process is "broken" [View news story]
    You should take a gander at the law that created the fed. It seems to run rather contrary to your statement. In fact the law says that the purpose of the fed is to create full employment and ensure price stability. There is nothing in there about serving member banks.
    Nov 10, 2015. 11:15 PM | 1 Like Like |Link to Comment