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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, 2013. 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, 2013. 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, 2014. 03:18 AM | 5 Likes Like |Link to Comment
  • 3 Reasons Why BP's Dividend Is Safe [View article]
    The legal costs are one off items.

    They overhang a stock price for a long period in advance.

    Then take a chunk out of earnings for a very short period.

    Then stock bounces back.

    This sequence prevails for roughly the period of time that is just too long for stock traders to hang around in the stock, meaning the stockholders onboard for the bounce back are the value investor types.

    I see BP as a gentler version of BAC ..we're at 2011, with falls softened by the extraordinary chunky dividend, and the deep seated profitability of the underlying business.

    12 percent dividend over 24 buybacks...
    Dec 15, 2014. 04:24 AM | 4 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, 2013. 09:44 AM | 4 Likes Like |Link to Comment
  • Bank Of America: An Investment That Cannot Lose, Maybe [View article]
    If it's not at least long then you are doomed.
    Nov 6, 2014. 08:59 AM | 3 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, 2014. 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, 2013. 01:59 PM | 3 Likes Like |Link to Comment
  • Bank Of America: An Investment That Cannot Lose, Maybe [View article]
    About this book value obsession...

    If a so called asset isn't earning anything it's not worth anything. As Buffett reminded us a while back, banks are about earnings. If BAC isn't earning much then the assets it has (it's book value) are overstated.

    Those investing thesis that get hung-up on book value are weakened accordingly.

    Accounting rules were changed in the middle of the crisis to allow banks to avoid marking down the assets, in favour of fuzzy justifying spreadsheets.

    In the end the banks have to liquidate those assets / write them off. Meantime investors will depend on what the bank is actually earning from the other performing assets.

    So I take no comfort from book value, let's hear mainly about the earnings drivers.

    That said I'd like to know if there are major categories of worthless assets that are being revalued having begun to generate an appreciable income. CITI holdings seems to be the place to look for those...
    Nov 8, 2014. 08:12 AM | 2 Likes 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, 2014. 07:10 AM | 2 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, 2014. 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, 2013. 07:10 PM | 2 Likes Like |Link to Comment
  • 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, 2014. 06:56 PM | 1 Like 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, 2014. 04:07 AM | 1 Like 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, 2014. 03:26 AM | 1 Like Like |Link to Comment