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Texmex627

Texmex627
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  • Does IBM CEO Rometty Understand Cloud? [View article]
    I love Amazon and buy stuff from them all the time but I wouldn't consider buying AMZN stock unless it dropped 80-90%.

    Amazon is a great company but it will never be as profitable as IBM, AAPL, Google, or ORCL.
    May 24, 2014. 11:08 AM | 4 Likes Like |Link to Comment
  • Does IBM CEO Rometty Understand Cloud? [View article]
    The "cloud has been around in one form or another since the 1960's. In those days it was called "time sharing". I left IBM to form a start up company in that business. The difference today is "the cloud" unlike the computer citadels of old can be easily hacked, compromised, and exploited by culprits from all over the globe.

    By the way, IBM earned more money in the 4th quarter of 2013 than Amazon has earned since its inception in 1995.
    May 22, 2014. 01:00 PM | 15 Likes Like |Link to Comment
  • Analysis: Plenty of upside for Pitney Bowes [View news story]
    Leadership in companies and countries means a lot.

    That is why PBI is doing so well and why the USA is in deep doo doo.
    May 20, 2014. 02:22 PM | Likes Like |Link to Comment
  • Analysis: Plenty of upside for Pitney Bowes [View news story]
    I have almost doubled my money (1.9 times) in PBI since I bought it and recommended it on this board after the CEO change. I think the Forbes article is understating PBI's potential. It is going to at least double again.
    May 19, 2014. 10:45 AM | 1 Like Like |Link to Comment
  • IBM: An Island Of Value In A Sea Of Overpriced Stocks [View article]
    IBM does not have a premium valuation. IBM's ttm PE is 12.3, and fwd PE is 9.2. The S&P has a ttm PE of 16.1 and fwd of 14.8.* If IBM was valued as the SP 500 it would sell for $241 to $296/share.


    *http://on.wsj.com/sXXWWp

    That said, IBM underperformed the S&P by 33% in the past 12 months. In the past 50 years IBM has gained about as much as the S&P.
    http://yhoo.it/Ytlu6F;range=my;compare=^gsp...
    Mar 13, 2014. 04:35 PM | 1 Like Like |Link to Comment
  • IBM: A Strong Buy [View article]
    >In an effort to provide additional and useful information regarding the company’s results as determined by generally accepted accounting principles (GAAP), these materials contain certain non-GAAP financial measures.
    For reconciliation to GAAP and other information about FY 2012-2013 non-GAAP measures, December 2012-2013 non GF debt-to-capital ratio, 2012-2013 operating gross profit margin, 2012-2013 operating pre-tax income margin, 2010-2013 operating (Non-GAAP) EPS and 2012-2013 free cash flows, see Non-GAAP Supplemental Materials and related information in the Form 8-K submitted to the SEC on January 21, 2014. For reconciliation to GAAP and other information about 2009-2011 operating gross profit margin, 2009-2011 operating pre-tax income margin and 2009 operating (Non-GAAP) EPS see Non-GAAP Supplemental Materials and related information in the Form 10-Q (page 62) filed with the SEC on April 26, 2011 and Form 8-K submitted to the SEC on January 22, 2013. For reconciliation to GAAP and other information about 2009-2011 free cash flow, see Non-GAAP Supplementary Materials and related information in the Form 8-K submitted to the SEC on February 28, 2013.<

    http://ibm.co/10uI7aN
    Mar 13, 2014. 04:10 PM | Likes Like |Link to Comment
  • IBM: A Strong Buy [View article]
    I don't understand what you mean by expensing serial(?) acquisitions.
    FASB requires acquirers allocate the purchase price between assets tangible and intangible (software, trademarks, customer lists, etc.,) that are amortized over time, and that any excess amount paid be reflected as goodwill.
    Mar 13, 2014. 04:03 PM | Likes Like |Link to Comment
  • IBM: An Island Of Value In A Sea Of Overpriced Stocks [View article]
    That's right. You should buy Amazon instead.

    AMZN has a trailing PE of 625 and a forward PE of 87 (which is overly optimistic) while IBM has a trailing PE of 12.5 and a forward PE of 9.4.
    IBM made as much profit last month as AMZN has since its inception, $1.5 Billion.

    That proves Buffet is a financial retard, RIGHT?
    Mar 11, 2014. 07:55 PM | 3 Likes Like |Link to Comment
  • IBM: A Strong Buy [View article]
    I was wrong about AMZN profits vs, IBM.

    >From the time Amazon turned a profit in 2003 to the end of 2011, Amazon has earned $5.1 billion in profits. (From inception, adding up losses, it's ~$1.5 billion<

    AMZN has made almost as much since its inception than IBM did last month.
    Strong Buy for Amazon?
    Mar 11, 2014. 02:19 PM | Likes Like |Link to Comment
  • IBM: A Strong Buy [View article]
    IBM is a no brainer. IBM trades at 12.5 time ttm earnings and under 10 times fwd earnings. AMZN trades at 627 times ttm earnings and 87 times fwd (which will probably end up 200-300 times fwd). IBM made more profit last month than AMZN has in its entire corporate history.

    IBM is an investment. AMZN, Tesla, Facebook, Twitter, etc., are speculations. You would be better off putting your money in lottery tickets as the 2000 dot com bust is about to be repeated.

    You will be left holding an empty bag while the Wall Street crooks will cash in on the way down as well since they will be shorting these stocks, throwing gasoline on the fire. The stock market is rigged. Wall Street cheats yet we play their silly game.
    Mar 11, 2014. 02:05 PM | 4 Likes Like |Link to Comment
  • ModernGraham Annual Valuation Of Verizon Communications [View article]
    Once again, as in the case of PBI I am glad I disagree with your analysis of VZ.
    I bought Verizon in 2005 and 6, reinvested the dividends (which have exceeded 4%) and have a gain of 150%. Not a home run but certainly a good return on my investment.

    But I will admit my investments in the S&P 500 have performed better. John Bogle says that stock pickers, fund managers, and financial advisers rarely perform as well as the indexes, and he is correct.

    By the way, I would like to see you do a Graham analysis on CSVI, I stock I bought years ago for an average cost/share of $3.31.
    Mar 6, 2014. 11:54 AM | Likes Like |Link to Comment
  • ModernGraham Annual Valuation Of Pitney Bowes Inc. [View article]
    PBI could and perhaps should acquire Stamps.com and Endica.
    Mar 3, 2014. 01:13 PM | Likes Like |Link to Comment
  • Apple: Steve Jobs Was Right [View article]
    Steve Jobs was wrong about Tim Cook. I'm selling my Apple stock today.


    >Tim Cook to Apple Investors: Drop Dead

    Apple CEO Tim Cook tells Investors Who Care More About Return on Investment than Climate Change: Your Money is No Longer Welcome

    As Board Member Al Gore Cheers the Tech Giant's Dedication to Environmental Activism, Investors Left to Wonder Just How Much Shareholder Value is Being Destroyed in Efforts to Combat "Climate Change"

    Free-Market Activist Presents Shareholder Resolution to Computer Giant Apple Calling for Consumer Transparency on Environmental Issues; Company Balks.

    The message came in response to the National Center for Public Policy Research's shareholder resolution asking the tech giant to be transparent about its environmental activism and a question from the National Center about the company's environmental initiatives.

    "Mr. Cook made it very clear to me that if I, or any other investor, was more concerned with return on investment than reducing carbon dioxide emissions, my investment is no longer welcome at Apple," said Justin Danhof, Esq., director of the National Center's Free Enterprise Project.<
    Mar 3, 2014. 11:39 AM | 7 Likes Like |Link to Comment
  • ModernGraham Annual Valuation Of Pitney Bowes Inc. [View article]
    I agree with you on point #2, but not #1. You need to express these views to Marc and other members of the new team. Some of them went through a similar situation when Lou Gerstner took over IBM and changed the company....for the better.

    >Second, from an employee viewpoint, Mr. Lautenbach sounds the same as every other CEO we've had. The typical, customer first stuff. We had an engagement survey in December of '13 and I haven't seen anything about the results. That tells me that the employees remain a commodity to PB.<
    A company can only be transformed to its fullest extent with an engaged.< workforce.<
    Mar 1, 2014. 06:01 PM | Likes Like |Link to Comment
  • ModernGraham Annual Valuation Of Pitney Bowes Inc. [View article]
    If you bought PBI before 2013 you were neither a defensive or enterprising investor. Anyone who knew anything about the company and the industry or who analyzed their financial statements should have stayed the hell away. I assume the unreasonably high dividend attracted you to the stock.

    But you are not alone -I have bought some dogs in my day even after studying the financials. And I consider myself a conservative investor.
    Feb 28, 2014. 02:32 PM | 1 Like Like |Link to Comment
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