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Arthur Fisher

Arthur Fisher
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  • Here We Go Again? [View article]
    Caruso vs. Sinatra vs. Kanye West?
    Jul 10 06:54 PM | 1 Like Like |Link to Comment
  • Here We Go Again? [View article]
    As someone who is very familiar with the southern European socio-economic landscape, I observe a sort of chicken-and-egg paradox. At its root, two things: (1) a society that since the 17th-18th centuries has had among its highest values SIMPLY NOT WORKING, and (2) a later communitarian spirit that would rather do almost anything to avoid saying "no!" to one's fellow humans. It's "sharing is caring" writ large, institutionalized, and heedless of eventual consequences. My understanding is that in the German system, there is an underlying pact that benefits will be paid back through productivity. The goal is "work hard, work smart, and live well as a consequence". In southern Europe, the rare entity that can instill that sense runs roughshod over the local competitors, many of whom are out having coffee. Greek and Spanish relatives and friends ask me, "What will change this?" "Not more debt," I tell them. "With a little more debt, you'll have a little more time to go out for coffee. The only things that will cure this are prolonged poverty and hardship." Grim, but there it is.
    Jul 10 06:46 PM | 4 Likes Like |Link to Comment
  • Apple: The Party Is Over; Initiating With A Bearish View [View article]
    Generally I feel better about contributors who sign their names, post their pictures, and clarify their profiles.
    Jul 10 02:13 AM | 5 Likes Like |Link to Comment
  • Apple: Why The Cash Issue Is So Important [View article]
    The yield on Apple's idle cash is unacceptably low, as if Jobs just hadn't wanted to think about it. One obvious answer would be a partial consumer financing of the purchase of their pricey products, as does Ford. Maybe not in the US, but in the long run Apple needs a much bigger footprint in Europe and in China than it has been able to establish to date. Everyone knows that the purchase of a first Apple product is often a stepping stone to subsequent purchases of other Apple products. Helping to finance those initial purchases would drive that wedge much faster, and meanwhile the yield on that cash so invested would be much higher.
    Jul 8 02:09 AM | 9 Likes Like |Link to Comment
  • Raising My 2014 Apple Price Target To $101.28: $223 Billion In Sales For Fiscal Year 2015 [View article]
    "Not worth $ 530.00," didn't you tell us? Some steadfast believer. How do you get away with it?
    Jun 11 08:57 AM | 1 Like Like |Link to Comment
  • After Many Months, Is Ford Finally On A Roll? [View article]
    Amazingly thick, all these folks. What Ford needs in the USA is an iconic new passenger model (e.g. the Mini-Cooper), a small car for a whopping price so that Dad can feel sexy driving to work or trekking the kids someplace. Don't women buy cars? Why are ALL cars still so masculine? Ford is still building passenger cars to serve as the family bus. Where is the fun? Aren't most middle-class families at least two-car families? Sell the cars in packages, two at a time. Ford has managed to re-arrange itself without creating public enthusiasm, apart from the new trucks.
    Jun 4 08:55 AM | Likes Like |Link to Comment
  • Coal producers mixed on EPA plan, Walter Energy -6% despite statement [View news story]
    It's good for CNI, transporting coal to pacific ports, but it won't outlast Obama, nor will anything much happen soon. All these decrees for how things should be fifteen years from now are just delusional. "Planning" without investment = 0. Everybody loses but the feel-good environmental whackos. Coal usage was already declining. This is just Obama playing to his shrinking base.
    Jun 2 05:25 PM | 2 Likes Like |Link to Comment
  • Chamber study predicts Obama's "war on coal" will kill jobs [View news story]
    These are the wars of religion, 2014 version.
    May 29 05:50 AM | 1 Like Like |Link to Comment
  • Analyst: Seadrill results show offshore drillers continue to muddle along [View news story]
    These analysts have their compasses set directly for Whipsaw City. Need we recall all the prattle about Apple going under 400, then not worth 430, then not worth 530, and most recently that it "will peak sometime soon"? Note that all the other drillers were down more than SDRL; that's the future. The hunt for oil is more or less forever. Seadrill took big risks to get ahead of the pack. They have proven their value to lenders and now to Rosneft. This never was a game about this quarter or next quarter. Don't forget what whores say: "Cheap service is not good, and good service is not cheap."
    May 28 04:46 PM | 8 Likes Like |Link to Comment
  • Why 3M Is Ridiculously Overpriced [View article]
    Watching the world of investment by wealthy Europeans, one learns that a price/earnings ratio is not determined solely by growth and yield but also heavily by the perception of safety or invulnerability over the long run. The question is: Where can I put my money to ensure that my family's wealth will always be there? Owning MMM, even at high prices, entails exactly that calculation.
    May 6 05:26 AM | 10 Likes Like |Link to Comment
  • Micron gains; DRAM price hikes reportedly on tap [View news story]
    Thanks again, Russ!!
    Apr 30 11:15 AM | 5 Likes Like |Link to Comment
  • Kantar: Android takes share in U.S., iPhone gains in Japan, WP "stutters" [View news story]
    As many have noted, such data is meaningless unless cross-referenced to price ranges. More people fly coach than first-class, but not because they wouldn't really rather fly first-class.
    Apr 28 03:41 PM | 4 Likes Like |Link to Comment
  • Emerging Markets Contribute To Apple's Growth [View article]
    Excellent article adding perspectives to the ordinary chatter here. Thank you.
    Apr 28 12:46 PM | 2 Likes Like |Link to Comment
  • 4 Takeaways From Micron Technology's Quarter [View article]
    Contrary to most of the chatter around Micron, if the question is really technology versus fear, I'd say technology is the better bet.
    Apr 13 07:58 AM | 8 Likes Like |Link to Comment
  • SanDisk, Micron slip; BofA worried about SanDisk's Q1, NAND sales [View news story]
    What happens when money managers stop thinking like capitalists? FAJ 1977.
    Apr 11 01:50 PM | 1 Like Like |Link to Comment