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pa$011

pa$011
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  • The Great Correction Of 2014? Don't Drink The Kool-Aid [View article]
    All bonds? - the spreads on riskier stuff like junk debt and peripheral Europe gov debt would suggest otherwise....

    I agree the stock markets whilst not overly cheap are not in bubble territory, if there is a bubble its in the lower quality parts of the debt markets..
    Jun 11 03:55 PM | Likes Like |Link to Comment
  • This Insurance Company Is 40% Undervalued [View article]
    Good article however we also need to consider the impact of rising yields in terms of the initial balance sheet impact and the higher investment income going forward.

    Someone once described p&c insurance as fund management with a bit of underwriting on the side...
    Aug 14 06:12 AM | Likes Like |Link to Comment
  • DCF Model Indicates Cisco Is Deeply Undervalued [View article]
    Not to mention almost half the market cap is just cash on the balance sheet
    May 21 04:41 PM | Likes Like |Link to Comment
  • Nokia: A Deeply Undervalued $4 Stock To Buy Now [View article]
    In respect of your goodwill point, most of the goodwill is recognized on consolidation i.e. not in the individual legal entities which pay tax. So most of the goodwill write down would not be tax deductible.
    May 2 02:04 PM | 1 Like Like |Link to Comment
  • Why A Gold Standard Is Still A Bad Idea [View article]
    What is money?

    In the absence of fiat money its whatever the market decides to us as medium of exchange.

    If that happens to be energy in this day and age, then thats fine. I really don't mind what it is so long as its not fiat.
    Nov 26 08:22 AM | 2 Likes Like |Link to Comment
  • Why A Gold Standard Is Still A Bad Idea [View article]
    Also I think the author forgets that most libertarians advocate getting rid of government interference in setting interest rates completely.

    Let the market decide what interest rates should be, let the market decide what money is.

    When not coerced by governments the market has chosen a commodity based monetary system throughout history. Every paper fiat currency in history has failed eventually.
    Nov 25 02:59 PM | 5 Likes Like |Link to Comment
  • Greek Rescue Deal Not Proceeding Smoothly [View article]
    I don't think Hoover did nothing- quite the opposite e.g. the pro labour policies, trying to prop up industrial wages etc.

    Revenue Act of 1932?

    The check tax?
    Nov 20 05:46 AM | Likes Like |Link to Comment
  • Forget The PIIGS: Now It's About The FIGS [View article]
    They are both as bad as each other...uncle Sam has run up a $15tn bar tab and is still drinking...Europe is slightly better in aggregate but that's kind of the point....
    Nov 19 06:05 PM | 1 Like Like |Link to Comment
  • Forget The PIIGS: Now It's About The FIGS [View article]
    Too right. I (being a Brit) was infuriated with the German finance ministers comment about the UK joining the Euro eventually. No f**king way, you keep your silly ill thought out currency union and leave us out!!
    Nov 19 06:01 PM | 2 Likes Like |Link to Comment
  • Greek Rescue Deal Not Proceeding Smoothly [View article]
    To be fair to the ECB they are at least trying to slick to their formal mandate under the Maastricht Treaty and resisting calls to turn on the printing presses. Although I'm not sure how buying up debt on the secondary market is that much different to traditional monetization.
    Nov 19 05:03 AM | 2 Likes Like |Link to Comment
  • The Greek government OKs its "austerity budget" with a deficit at 8.5% of 2011 GDP - short of EU/IMF targets of 7.6% of GDP. Next year's budget should get closer to the mark: 6.8% of GDP, vs. a targeted 6.5%. The Greek Finance Ministry considered laying off 30K government workers.  [View news story]
    Germany printing marks, really?
    Oct 2 04:43 PM | 1 Like Like |Link to Comment
  • Hewlett Packard: The Cheapest Stock In The S&P Index? [View article]
    I agree. Even if the company runs on auto pilot there is still enough profit generation to make me think its undervalued.

    The corporate governance issue definitely needs addressing starting with the chairman...
    Sep 26 05:16 PM | 1 Like Like |Link to Comment
  • Hewlett Packard: The Cheapest Stock In The S&P Index? [View article]
    A bit dramatic don't you think to say that it wont be around in 5 years?

    I accept they may struggle a bit in the medium term but would expect the company to be around in 5 years in some form....
    Sep 26 05:12 PM | Likes Like |Link to Comment
  • Hewlett Packard: The Cheapest Stock In The S&P Index? [View article]
    Interesting..... This is a group that generate circa $11bn or $12bn of free cash flow with a market cap of $44bn,

    Value trap or investment opportunity? My fear is that Whitman will try and do something bold to boost the share price in the short run with long term consequences.

    Maybe they should buy back stock in the meantime whilst coming up with a coherent long term strategy?
    Sep 26 03:02 PM | 1 Like Like |Link to Comment
  • Forrester Research's Frank Gillett advises Meg Whitman to cancel H-P's (HPQ -4.7%) PC spinoff, but to go through with the Autonomy buy. He also thinks H-P needs more acquisitions to become a leader in cloud services, and urges Whitman to reconsider the company's abandoning of the consumer market, given IT's growing consumer tilt.  [View news story]
    Is it really sensible to hold onto the one part of the business that has the lowest margins? I.e consumer products?
    Sep 24 01:21 PM | Likes Like |Link to Comment
COMMENTS STATS
23 Comments
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