rlxdoc's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/72240/comments http://seekingalpha.com/article/141497-why-wal-mart-hirings-do-not-help-u-s-economy?source=feed#comment-533843 533843
WMT looks like a good place to be in a recession that hasn't quite ended yet.]]> Fri, 05 Jun 2009 14:04:45 -0400
WMT looks like a good place to be in a recession that hasn't quite ended yet.]]> http://seekingalpha.com/article/111558-jamba-juice-should-bear-fruit-by-mid-2009?source=feed#comment-358087 358087
I heard Mr. White speak recently and he appears competent and capable. Still this is a longish play. I get to a forecast of $1.30 in mid-2010. ]]> Fri, 16 Jan 2009 17:46:04 -0500
I heard Mr. White speak recently and he appears competent and capable. Still this is a longish play. I get to a forecast of $1.30 in mid-2010. ]]> http://seekingalpha.com/article/113260-borders-changes-around-management-wants-an-aggressive-turnaround?source=feed#comment-347416 347416
The problem wasn't Jones and the answer isn't Marshall. If the board is happy with the change so far, what are they reacting to? Could it be the low stock price? This is a change that has been underway for 30-60 days, since the stock dropped below $5 a share.

This is trading like a bankruptcy, although they are generating positive cash flow and should recover. Big risk, big return. ]]> Tue, 06 Jan 2009 10:54:11 -0500
The problem wasn't Jones and the answer isn't Marshall. If the board is happy with the change so far, what are they reacting to? Could it be the low stock price? This is a change that has been underway for 30-60 days, since the stock dropped below $5 a share.

This is trading like a bankruptcy, although they are generating positive cash flow and should recover. Big risk, big return. ]]> http://seekingalpha.com/article/104382-a-capitalist-reformation?source=feed#comment-299272 299272
A large cause of the problems you cite are related to over investment. This over investment was driven by low interest rates. The process of over investment and shake-out, or that every boom is followed by a bust, appears to be as relevant as the "full employment, low inflation, GDP growth" targets of our Federal Reserve. The austrian school of economics and the boom/bust of business cycles seems to explain what is going on.

Capitalism didn't create low interest rates. It took advantage of them. ]]> Thu, 06 Nov 2008 09:24:09 -0500
A large cause of the problems you cite are related to over investment. This over investment was driven by low interest rates. The process of over investment and shake-out, or that every boom is followed by a bust, appears to be as relevant as the "full employment, low inflation, GDP growth" targets of our Federal Reserve. The austrian school of economics and the boom/bust of business cycles seems to explain what is going on.

Capitalism didn't create low interest rates. It took advantage of them. ]]> http://seekingalpha.com/article/95945-naked-shorting-needs-to-be-stopped?source=feed#comment-257949 257949 Thu, 18 Sep 2008 10:46:13 -0400 http://seekingalpha.com/article/84407-starbucks-turns-to-emerging-markets-to-recoup-u-s-losses?source=feed#comment-202391 202391
More troubling is that international appears to be a low profit, high investment strategy. Domestically last year they ended with $2.2b invested and an operating profit of $1b (15%) for a high forties return on assets. International had $886m invested and $137m in profit (8%) for a mid-teens return on assets. So international is both less profitable and requires more capital per $ of sales than the domestic business.

I like the company. I'd like it better if they faced up to the reality of declining marginal returns and recognized that they are becoming mature. Selling more product to the same customers in the US is going to be a MUCH, MUCH better strategy than investing millions in India and China. ]]> Thu, 10 Jul 2008 13:40:07 -0400
More troubling is that international appears to be a low profit, high investment strategy. Domestically last year they ended with $2.2b invested and an operating profit of $1b (15%) for a high forties return on assets. International had $886m invested and $137m in profit (8%) for a mid-teens return on assets. So international is both less profitable and requires more capital per $ of sales than the domestic business.

I like the company. I'd like it better if they faced up to the reality of declining marginal returns and recognized that they are becoming mature. Selling more product to the same customers in the US is going to be a MUCH, MUCH better strategy than investing millions in India and China. ]]> http://seekingalpha.com/article/63776-jamba-juice-the-worst-already-factored-in?source=feed#comment-115257 115257
Comps are weak, but not a disaster. California has a boom/bust economy, and although the housing market is awful, I don't see how that will impact the average JMBA customer (who is younger on average and more likely a renter).

Restaurants & retail in general do not go bankrupt easily, and lots of debt is required to push them over the edge. This seems unlikely in this case. At this rate losses would have to continue for 4 or 5 years before they'd work through the cash. Bottom line is that it is cheap, but there isn't any near term reason to own this one. ]]> Fri, 08 Feb 2008 11:26:55 -0500
Comps are weak, but not a disaster. California has a boom/bust economy, and although the housing market is awful, I don't see how that will impact the average JMBA customer (who is younger on average and more likely a renter).

Restaurants & retail in general do not go bankrupt easily, and lots of debt is required to push them over the edge. This seems unlikely in this case. At this rate losses would have to continue for 4 or 5 years before they'd work through the cash. Bottom line is that it is cheap, but there isn't any near term reason to own this one. ]]>