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  • 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
  • Core Labs May Just Be A Diamond In The Rough If Oil Prices Continue To Drop [View article]
    When a falling knife is of CLB's quality, the gashes hurt a little bit less.
    Nov 2, 2014. 05:58 PM | 1 Like Like |Link to Comment
  • Tough week for MCX [View news story]
    How can accepting credit cards be a competitive disadvantage when all of the major competitors are also accepting credit cards?
    Oct 31, 2014. 02:53 PM | Likes Like |Link to Comment
  • Do BlackBerry's Q2 Earnings Prove Turnaround Is Successful? (Spoiler Alert: No) [View article]
    I find Charlie Chaplin plenty fresh.

    BlackBerry, not so much.
    Oct 2, 2014. 10:47 PM | 2 Likes Like |Link to Comment
  • BlackBerry: No Turnaround Here [View article]
    Can anyone tell me of comment sections that are as hilarious as those after BBRY articles?
    Sep 29, 2014. 04:47 PM | 4 Likes Like |Link to Comment
  • Cliffs Natural Resources hits 52-week lows as China concerns mount [View news story]
    The Chinese economy is waging a war on coal!
    Sep 22, 2014. 10:29 PM | Likes Like |Link to Comment
  • iPhone reviews roll in and are uniformly positive [View news story]
    Despite its ridiculous look, the Passport could yet receive good reviews--for a BlackBerry. Of course, given BlackBerry's recent offerings, the bar is laughably low.
    Sep 17, 2014. 10:10 PM | 2 Likes Like |Link to Comment
  • Pizza Hut looks to reverse U.S. market share slide [View news story]
    Domino's and Papa John's do not taste that good, but they seem gourmet compared with Pizza Hut's efforts. Pizza Hut needs to pull a Domino's. In other words, Yuck! Brands needs to 1) apologize profusely for serving the equivalent of ketchup on cardboard and 2) develop a product that is at least somewhat edible.
    Sep 17, 2014. 03:00 PM | 1 Like Like |Link to Comment
  • Eddie Lampert loans Sears Holdings a cool $400M [View news story]
    I think the correct word is "gift," as it will take a miracle for Lampert to recoup that money.
    Sep 15, 2014. 10:34 PM | 1 Like Like |Link to Comment
  • Why Visa Remains A Good Investment For The Long Haul [View article]
    I find it somewhat comforting that there exist some companies that can thrive without succumbing (not that Visa and MasterCard have a choice) to the siren's song that is China.
    Sep 15, 2014. 08:47 PM | Likes Like |Link to Comment
  • Kinder Morgan: Making Sense Of The Trans Mountain Debate [View article]
    Climate change is real. Even many energy companies publicly declare that it is real.

    I own KMI, SLB, NOV, STO, and SU because I believe they can thrive whether humanity deals with climate change or not.
    Sep 12, 2014. 07:30 AM | 13 Likes Like |Link to Comment
  • BlackBerry buys virtual ID solution provider Movirtu [View news story]
    People rarely carry two phones that are the same model. In other words, the unlucky people assigned a BlackBerry for work do not want to use a BlackBerry for personal purposes. This acquisition will do little to change that.
    Sep 11, 2014. 01:30 PM | Likes Like |Link to Comment
  • BlackBerry buys virtual ID solution provider Movirtu [View news story]
    If Apple goes into oblivion, it would pass by BlackBerry's rotting carcass along the way.
    Sep 11, 2014. 01:25 PM | 1 Like Like |Link to Comment
  • Do Conn's Struggles Hint At Problem With Consumer Spending & Debt? [View article]
    Conn's customers generally have financial troubles to begin with, so I doubt what happened to Conn's is representative.
    Sep 6, 2014. 08:18 PM | Likes Like |Link to Comment