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JamesJoyce

JamesJoyce
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  • The Extremely Dangerous Gamble Of Shorting Sears Holdings [View article]
    Short squeezes are hard to predict. Over the next year or so Mr.Market will oscillate between deriding Sears as a fail, or grudgingly accepting that Sears will endure, somehow. Events matter too; you need relatively unexpected, better than expected, strategic developments to really catch out the shorts.

    Any squeezed price peaks will be hard to time, or cash in on but I'd assume the price spikes would be far north of $50 as price will simply reflect the shortage of stock (and have little to do with market cap).
    Oct 15 06:56 PM | 1 Like Like |Link to Comment
  • Does The Wells Fargo Whisper Number Indicate Investor Confidence? [View article]
    "40 percent positive surprise history"... "Whisper number" ... What? I just know Warren Buffett made all those calculations when he bought WFC.


    Still, someone has to feed the brokers their commissions.
    Oct 14 07:10 AM | 2 Likes Like |Link to Comment
  • Bank Of America Is America's Least Favorite Bank [View article]
    Of course the volume of complaints might have something to do with ...the number of customers?
    Oct 11 04:54 AM | Likes Like |Link to Comment
  • ExxonMobil ends cooperation with Rosneft on Arctic oil project [View news story]
    Over the years almost every major oil company has walked away from Russian arctic oil tie-ups.
    Sep 29 04:07 AM | 1 Like Like |Link to Comment
  • Sears Will Have More Negative Media Coverage In The Next 6 Months And Stock Price May Be Punished Further [View article]
    Wonder why the Berkowitz interview published last week made absolutely no mention of Sears?
    Sep 29 03:56 AM | Likes Like |Link to Comment
  • Sears CFO Setting The Record Straight: 'Just The Facts' [View article]
    Thank you, great article. I agree the rate is the same as Penny, and the CFO's comparison is generous.

    It would be reassuring to see Eddie (and Bruce Berkowitz) buying up the common, and more obvious progress from Sears repurposing its real estate.

    If the economy is on the up, the retailing will stabilise, the value and opportunities of the real estate will rise. Sears has probably got enough property to trade until then.
    Sep 21 06:17 AM | Likes Like |Link to Comment
  • Should Bank Of America Be A Core Holding Now? [View article]
    Given that the broad scale of the major legal settlements came into view some years ago, and will have been significantly provided for, and are not recurring, why on earth are people rushing to recommend BAC now, why not two years ago?

    You've missed a 60percent rise for something you knew would take place?

    Now the well telegraphed events have taken place you recommend the shares?
    Sep 21 03:26 AM | 1 Like Like |Link to Comment
  • Sears' Lender Of Last Resort May Spell Trouble [View article]
    Berkowitz has a position in the Sears bonds I think? That'll be the key to protecting his investment if the common is mauled.
    Sep 20 03:03 AM | Likes Like |Link to Comment
  • Sears' Lender Of Last Resort May Spell Trouble [View article]
    The short loan term with an event at end of December is interesting. It puts quite a squeeze on Sears, given importance of the holiday sales period. On 31st December Eddie and Sears will know how well they did and what chance they have of meeting the loan terms. So Sears may as well face facts on that date. It'll be a rock n roll stock price through that period.
    Sep 20 03:01 AM | Likes Like |Link to Comment
  • Sears' Lender Of Last Resort May Spell Trouble [View article]
    It's got be hard for Sears to negotiate fair loan terms when it's back is to the wall AND it's boss is on both sides of the negotiation.

    One wonders if Berkowitz was involved in those talks? His view is that Sears has plenty of value but if Sears boss transfers chunks of the value to himself, before Sears can realise it, then he's loosing out.

    MSFs point that Eddie is self defeating, doesn't apply if the price Eddie gets the stores for is low.

    Eddie gets to own Sears, privately, and all the ordinary shareholders end up with is 'the last scruffiest store.'

    Sep 19 05:42 AM | 1 Like Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    Author was spot on about estimated size of deal but foolishly espoused some kind of short term trade.
    Aug 22 03:08 AM | 1 Like Like |Link to Comment
  • AIG Earnings Preview: Messy Report Ahead [View article]
    Great summary. Their combined ratio presumably picks up underwriting from earlier times. It would be good if they were to illustrate the changing quality of their book...and investors could more comfortably anticipate the improving ratio.
    Jul 28 04:49 AM | 1 Like Like |Link to Comment
  • Why Apple Acquiring Tesla Makes Sense [View article]
    Aren't you lot splitting hairs? Every second article in seeking alpha has a short term day trading philosophy behind it. You don't make money that way so this article isn't any more ludicrous than those others?
    Jul 3 11:05 AM | Likes Like |Link to Comment
  • Can You Trust Buying Bank Of America? [View article]
    They're reserved for this lawsuit. Once it's done, it's done. Earnings on the other hand, just keep coming. Net Interest Margin will perk up soon. I'd also like to see the overhang of the lawsuit used as a means to enable BAC to repurchase its shares at bargain prices. There are times when you don't really want your company share price to rise.
    Jul 3 02:55 AM | Likes Like |Link to Comment
  • Splitting of CEO and chairman role back on agenda at JPMorgan? [View news story]
    Put it this way, would you object to Warren Buffett being appointed chairman?
    Jul 2 03:40 PM | Likes Like |Link to Comment
COMMENTS STATS
73 Comments
61 Likes