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  • An Open Letter To The General Motors Board Of Directors And Shareholders [View article]
    While I applaud your vocal representation of shareholders' interests, I think you have omitted two key points worthy of analyses:
    1. Impact of repatriating offshore cash. I suspect much of the balance is just that.
    2. Alternative uses of the cash. In one way, car company is like an oil driller, the field will stop producing if you don't keep up a drilling program. That ongoing capex maintains the status quo. But to improve and gain share, GM could take advantage of its global competence to invest in ways that help not just trail Honda & co., but one day kick its butt. To my mind, that would be the better value to investors, and also a key focus of the board's pressures.
    Apr 15 12:40 PM | Likes Like |Link to Comment
  • St. Joe Co. Ready For A Short Squeeze [View article]
    Given that the rate of sea level increase is about 7 inches per century, you give new meaning to "long-term investor" :)
    Apr 4 01:19 PM | Likes Like |Link to Comment
  • Is Herbalife A Pyramid Scheme? A Simple Question Of Law [View article]
    "The test is whether distributors receive compensation unrelated to sales to "ultimate users"."

    In other words, 3rd party sales. But I wonder how they track that. I also notice that their SG&A expenses rose over 60% in 2 years vs the 39% growth in Sales, and wonder if they're paying out more in sales compensation than they should.
    Mar 26 03:08 PM | Likes Like |Link to Comment
  • Seeking Alpha And David Einhorn: The Real Story [View article]
    Isn't that known as "beer" there?
    Mar 25 09:20 AM | 2 Likes Like |Link to Comment
  • Seeking Alpha And David Einhorn: The Real Story [View article]
    If you've followed David, you know that he does have great talent as a detective. Let's just keep him focused on finding some alpha.

    BTW, is Valuable Insights back to helping efficient markets stay that way?
    Mar 25 09:09 AM | 1 Like Like |Link to Comment
  • Dresser-Rand Is Still No Bargain [View article]
    Before I can say I have any faith in the management team (which is really hard given the transparency issues Michael mentions), I would like to understand the strategy of releasing the bad news a week before the scheduled earnings release??? To me it conveys discombobulation at the top.
    They have never hinted at significant exposure to government subsidies, and the only mention of the pigshit business was a note in relation to a $20M loan. Maybe 2013 would have been a good time to mention it when the topic of Spain's tariff deficit was all over the news.
    Feb 20 11:56 AM | Likes Like |Link to Comment
  • Exelon: Selling At 10-Year Lows [View article]
    What is supposed to drive natural gas prices higher? Given the great glut in the shale plays, the only thing I see on the horizon is when the LNG export terminals come on line in the 2015 range.
    Dec 5 07:58 PM | 1 Like Like |Link to Comment
  • The Austrians Are Right - Inflation Is Coming [View article]
    No, '14 will be weak to slow growth, then we see a rebound with inflation leading to misery around '18-'19.
    Nov 25 07:04 PM | Likes Like |Link to Comment
  • Why Facebook Remains Undervalued [View article]
    And what kind of forward P/E do you think is justified?
    Sep 19 01:49 PM | Likes Like |Link to Comment
  • Facebook Inc. (FB) CEO Discusses Q2 2013 Results - Earnings Call Transcript [View article]
    And what kind of forward P/E do you think is justified? I don't see 50%+ growth rates in FB's cards.
    Sep 19 12:43 PM | Likes Like |Link to Comment
  • Are These 2 Companies In General Electric's Sights? [View article]
    Dresser has a lot of overlapping business with GE (reciprocating compressors, turbines, engines), and sure hasn't lived the GE management style. I'm not so sure they're willing to pay the stiff PE, especially when the mediocre growth rates start coming out this quarter.
    Wait for the stock top tank a bit, then it may get interesting.
    Sep 9 05:51 PM | Likes Like |Link to Comment
  • Facebook A Day Keeps Google At Bay [View article]
    My kids (teens) say Facebook sucks now and is OTH. Aren't they the generation it's supposed to woo/wow?
    Sep 5 06:01 PM | 2 Likes Like |Link to Comment
  • Radiation levels around Fukushima tanks continue to rise [View news story]
    The media is not a good source of scientific information: facts are boring, but panic sells.
    Reading from Tepco's announcement:

    "The 1,800 mSv/h figure represents the total amount of beta radiation and gamma radiation. Most of the 1,800 mSv/h was beta radiation; gamma radiation measured 1 mSv/h. ... Moreover, since beta radiation is weak and can be blocked by a thin sheet of metal, such as aluminum, we believe that we can control radiation exposure by the using proper equipment and clothing."

    First grade math: don't add apples and oranges.
    Sep 4 01:48 PM | Likes Like |Link to Comment
  • Carl Icahn Spells The End Of An Era At Apple [View article]
    I think the Icahn interest was prompted by a request from David Einhorn, who needs a little support to help his large position.
    When the nice guy / reasonable approach doesn't work, call Carl.
    Aug 14 07:29 AM | 1 Like Like |Link to Comment
  • Tokyo Electric Power: Stars Are Aligning For Another Tripling Of Stock Value [View article]
    It may go that high, but those who rode it up from the depths should consider taking some profits off the table as it moves from 10-15. Another untimely natural disaster will go a long way to putting a dent in any price climb.
    Jul 12 10:17 AM | Likes Like |Link to Comment