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  • Apple beats estimates, guides in-line [View news story]
    BlackBerry has rotten eggs.
    Jan 27, 2015. 05:06 PM | 8 Likes Like |Link to Comment
  • Kinder Morgan DCF continues to climb, but $3B purchase sends shares lower [View news story]
    I bet the $3B purchase had everything to do with Hamm needing some cash to pay his ex.
    Jan 22, 2015. 12:20 AM | 3 Likes Like |Link to Comment
  • Kinder Morgan DCF continues to climb, but $3B purchase sends shares lower [View news story]
    When KMI promised that it will deliver a $2.00 dividend, it meant that it plans for the Q4 dividend to be $0.50 ($0.50 x 4 = $2.00)--not that the four dividend payments will total $2.00.

    I have been long KMI for several years, and this is how it interprets its dividend forecast.
    Jan 22, 2015. 12:16 AM | 1 Like Like |Link to Comment
  • The world according to Mel: CBS-Time Warner the natural merger [View news story]
    That would bring HBO and Showtime under one roof.

    Maybe Viacom, Discovery, Netflix, Fox, and Amazon will fight over Showtime.
    Jan 8, 2015. 11:31 AM | 1 Like Like |Link to Comment
  • Jennifer Warren Positions For 2015: Finding Energy Innovators And Problem Solvers [View article]
    Your comment is short-sighted. The price of oil will be low until it is high again. It might not happen this year or next year, but it will happen. What then?

    Germany has put in so much solar and wind that on sunny, windy, summer days, traditional utilities have to pay people to use the power they generate. Relying on alternative energies to be a significant contributor is no longer a cost-prohibitive dream.
    Jan 6, 2015. 10:31 AM | 1 Like Like |Link to Comment
  • Visa Can Outperform MasterCard Again In 2015 [View article]
    No need to choose-- just buy both.

    Long V and MA.
    Dec 26, 2014. 08:09 PM | 3 Likes Like |Link to Comment
  • BRICs - Why The 'R' Should Never Have Been There [View article]
    China is not in a class of its own--it is merely the current large scale low-cost producer. China does not offer anything special or extra that and cannot be easily replaced by the likes of Vietnam, Indonesia, and hosts of countries in Africa.

    Long term, Brazil and India will be better than China. Any of them are and will be much better than Russia.
    Dec 26, 2014. 07:06 PM | Likes Like |Link to Comment
  • Russia orders next steps to stabilize ruble [View news story]
    Only some of the Cubans are upset. Mexicans, Puerto Ricans, Salvadorians, Dominicans, etc., etc., do not care about Cuba policy.
    Dec 23, 2014. 08:38 AM | Likes Like |Link to Comment
  • America's Key Role In The Downfall Of Oil Prices [View article]
    You sound like you and every one of your relatives work for a small, overleveraged shale E&P. If so, I (kind of) feel sorry for you. Meanwhile, in the real world, hundreds of millions more Americans will be helped by lower energy costs, as long as they last, then will be hurt by energy-related jobs losses.

    To equate subprime oil debt with subprime mortgages is laughable. The property market is orders of magnitude larger. No bailouts will be necessary here.

    By the way, I am long SLB, NOV, KMI, SU, and STO, and I have been catching the falling knives.
    Dec 17, 2014. 08:20 PM | 4 Likes Like |Link to Comment
  • Massive rate hike fails to halt ruble's slide [View news story]
    The worst part for Russia is that the vast majority of the ruble's drop has been due to oil's collapse. If the currency traders attack the ruble in a coordinated fashion, which becomes likelier in the face of desperate central bank action like yesterday's hike, then the pain might only be beginning.
    Dec 16, 2014. 08:16 AM | 1 Like Like |Link to Comment
  • CBS goes dark for Dish subscribers in major markets [View news story]
    Actually, the world would be a better place if FNC was pulled, but to each his own.
    Dec 6, 2014. 01:58 AM | 4 Likes Like |Link to Comment
  • China mulls ban on public smoking, tobacco ads [View news story]
    Breathing the air in Beijing is worse than smoking a cigarette.
    Nov 25, 2014. 08:12 AM | 9 Likes Like |Link to Comment
  • Where Are All The People From 2013 Predicting BlackBerry's Demise? [View article]
    Chen is saying "China," "Lenovo," and "Xiaomi" like he has Tourette's. BBRY will calm down after that talk dies down.
    Nov 13, 2014. 10:34 AM | Likes Like |Link to Comment
  • The Future Of Apple Pay [View article]
    I am long AAPL. That said, the chances of Apple Pay disrupting Visa and MasterCard are between none and none.

    Here are the steps of a credit card payment:

    1. The cardholder presents a credit card to the merchant to pay.
    2. The acquirer (the merchant's bank) pays the merchant the amount of the credit card sale.
    3. The issuer (the bank that issued the card to the cardholder) pays the acquirer. Visa and MasterCard serve as networks to connect the acquirer and the issuer and facilitate this transaction.
    4. The cardholder pays the issuer.

    Apple is not the cardholder, the acquirer, the issuer, or the network, and unless you shop at an Apple Store, Apple is not the merchant, either. In other words, Apple does not play an irreplaceable role in transferring money from the buyer to the seller. To think that Apple can create a network of Visa and MasterCard's breadth or to become a closed-loop like American Express, even over a decade, is sheer lunacy. Even spending every penny of Apple's gigantic cash hoard to do so will not guarantee success.

    What Apple Pay does brilliantly is to make step 1 of the payment process as easy, private, and secure as possible. These qualities will likely cause more people to want to buy an iPhone and, after joining the ecosystem, to buy even more Apple products.

    Finally, to suggest that the money saved from removing Visa will be passed on to the consumer is naive. Either Apple will increase its fee or the retailers will pad their bottom line (most likely both). There will be no savings.
    Nov 6, 2014. 10:36 PM | 29 Likes Like |Link to Comment
  • Herbalife set for gap down at the open [View news story]
    You mean that guidance on recruiting suckers is now negative.
    Nov 4, 2014. 08:00 AM | 1 Like Like |Link to Comment