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  • BP's Money Spigot To Claimants Is Open Once Again [View article]
    I'd like to see more penetrative journalism into false claimants. Its a vile phenomena.

    Those making false claims in the aftermath of a disaster deter future entities from being as upfront about damages as BP is. False claimants effectively rob future victims suffering legitimate losses.

    If the legal regime isn't able to protect both parties to a crisis then expect higher costs, selfish conduct, and smaller compensation.
    Oct 24 05:16 AM | 9 Likes Like |Link to Comment
  • Apple Urgently Needs Debt To Raise Earnings Per Share By 13.8% [View article]
    Isn't this post similar to most other stock talk, in so far as its looking at the current financial position of a business myopically. Makes no mention of strategic challenges going forward. Therefore it is short on context. If you sat in front of Tim and explained your views, he'd say "thanks, where is the context?" See, people running a business are ALL ABOUT the strategic challenges going forward.

    Someone needs to write up how the issues faced by a business - whose cash cow is arguably quite vulnerable to changes in fashion - should structure it's balance sheet, in order to smooth out its probable ups and downs. Innovation as differentiation, is a tricky, long term, expensive and nerve wracking business. I don't want Apple getting by on a thin capital cushion, unable to extricate itself from

    So the first question must be, given the nature of its business, how much capital should Apple be keeping under its mattress?

    Start there, surely?
    Nov 22 04:40 AM | 8 Likes Like |Link to Comment
  • Why Apple Is The Perfect Stock For Anyone [View article]
    "I have been long Apple since before the last quarter's earnings and have zero intentions of closing my position anytime soon."

    That doesn't sound persuasively "long".

    If you'd said I've been long apple for years, bought more when the price dropped, and as a "long" I'm going to continue holding for five to ten years, then I'd believe you.

    May 25 03:18 AM | 5 Likes Like |Link to Comment
  • I'd Buy Apple From This Billionaire That's Selling [View article]
    Yea Robertson was a bit weird. His gripe was that because he felt jobs treated some freinds badly, it was unlikely he could have built a company with enduring good qualities.
    Oct 14 09:44 AM | 4 Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    Almost every article is written by someone with an agenda.
    Jun 15 08:55 AM | 3 Likes Like |Link to Comment
  • Should J.P. Morgan's Jamie Dimon Resign For The Benefit Of Shareholders? [View article]
    I dislike the idea of shareholders standing idly by whilst management use shareholders funds to protect themselves from criminal prosecution.
    Sep 29 01:59 PM | 3 Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    Without an appraisal of the complete profile of legal challenges facing BAC, it's other businesses and it's competitive landscape, no article published on seeking alpha has enough substance to count as anything other than a newsbyte, which at best is just day trading fodder.

    I've not seen such an article on SA, but if I had it would be pinned on the wall above my desk (with the various legal challenges crossed off as we'd moved through the deals struck over the last four years.)

    Even worthy folks like the motley fool finance guys seem to in the dark about the extent of outstanding liabilities. They buy or recommend knowing that even banks can't be trusted to value their assets and liabilities logically.

    Articles that address just one issue or another , but not all, cannot finish with a recommendation to buy or sell a stock, and retain credibility, other than in a day trading context.

    I'd wager that this author is hoping for a buying point.

    Good luck Monday.
    Jun 15 09:07 AM | 2 Likes Like |Link to Comment
  • JPMorgan/DOJ deal at risk of collapse [View news story]
    It's interesting that the mood has begun changing, and people are almost pro bank and anti government nowadays!

    I imagine JPM consider the deal a finely balanced affair and they'd be just as happy to walk away from it, do an easier deal when the administration changes.
    Oct 29 07:10 PM | 2 Likes 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
  • AIG Warrants Or AIG Common Shares? An Update On The Math [View article]
    Very good article Benjamin. Spot on.
    Jun 5 06:26 PM | 1 Like Like |Link to Comment
  • Obits piling up on Sears Holdings [View news story]
    From Wikipedia, about squeezing out smaller shareholders..

    "In the U.S. squeeze-outs are governed by State laws. E.g. 8 Delaware Code ยง 253 permits a parent corporation owning at least 90% of the stock of a subsidiary to merge with that subsidiary, and to pay off in cash the minority shareholders. The consent of the minority shareholders is not required. They are merely entitled to receive fair value for their shares. This is in contrast to freeze-outs, where the minority interest is unable to liquidate their investment."
    May 25 11:49 AM | 1 Like Like |Link to Comment
  • Sears: The Good, The Bad, The Ugly [View article]
    An hour..
    May 24 03:43 AM | 1 Like Like |Link to Comment
  • Obits piling up on Sears Holdings [View news story]
    That's the big issue that MSF continued to duck. How the long term value in shld is extracted given the power of the dominant shareholders and the role of bond holders. It's not a good investment for minority shareholders even if the real estate argument holds true.
    May 24 03:38 AM | 1 Like Like |Link to Comment
  • Bullish Barron's writeup for AIG [View news story]
    Really there are other competent managers out there.

    There often seems to be a semi hysterical concern that the Chief exec of a company departing, will be calamitous.

    It's an emotional response that is present in discussions around Jamie Dimon too.

    I think folks need to remember some things. They're good CEOs but also clay-feeted, non-super humans. There are other managers just as good itching to take a shot in the top spot.

    (This second point particularly pulls the rug from beneath the insane pay deals scored by senior managers.)

    It's as if familiarity with the boss breeds in shareholders, some kind of dependency relationship. And, just as a battered spouse cannot quite bring themselves to leave the marriage, some shareholders (and commentators) have difficulty imagining life beyond an incumbent CEO.

    Benmoche is good, not irreplaceable.
    Apr 27 03:42 AM | 1 Like Like |Link to Comment