Seeking Alpha


Send Message
View as an RSS Feed
View Leftfield's Comments BY TICKER:
Latest  |  Highest rated
  • A Tale Of 2 Pizza Turnarounds - Pizza Hut Vs. Domino's [View article]
    When a campaign comes out from a major corporation that can be so justifiably criticized as this article does the new Pizza Hut effort, one wonders, who are these people who attained control and one assumes, lush compensation, and from what planet have they dropped in?

    Everything about it, from the label, "Flavor of Now" which has no resonance with good eating whatsoever, to the logistical disaster of excessive and confusing choices it creates and it's failure to address weak store traffic, shows such breathtaking incompetence and cluelessness it welcomes an attempt to short the stock.
    Nov 25, 2014. 07:20 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: European Stocks Rise As Draghi Readies QE [View article]
    BlueOkie - "Think of the people waiting in line legally. A real slap in the face. Or what about the H-1b's who don't get to stay."

    I know a highly educated couple from Ukraine, both of whom teach college and speak fluent English, and the wife has not been able to get through the utterly insane system to receive citizenship and remove the constant threat of deportation which exists only because of the foot dragging and new requirements that constantly pop up from the bureaucrats.

    Recently they had to start the paperwork all over again because their lawyer screwed up. Apparently skilled and educated immigrants are unwelcome in the US if they aren't in an important potential voting bloc or won't supply cheap unskilled labor.
    Nov 21, 2014. 10:12 AM | 4 Likes Like |Link to Comment
  • Deformations On The Dealer Lots: How The Fed's ZIRP Is Fueling The Next Subprime Bust [View article]
    Yet another chapter in the reality tale of Mr. Stockman's journey through the looking glass of Washington DC and Fed policy which portends a very messy ending. This is made quite clear in articles such as this which are duly pooh-poohed by the revelers made so drunk on ZIRP-fueled paper portfolio gains that they cannot imagine anything wrong with the most obscured true price discovery possible coinciding with the highest debt in history and the highest prices ever paid for this vast debt.

    Such is the mentality of lemmings.
    Nov 20, 2014. 02:33 PM | 4 Likes Like |Link to Comment
  • Why Tesla Is Just Another PayPal [View article]
    "It is creating an ecosystem, and then thriving in it."

    The "thriving on it" is the part that will not happen given the looming deep-pocketed competition, lack of focus by Musk and, yes, the open-sourcing strategy which either shows that the patents are no big deal or is simply an admission that Tesla cannot build out and capitalize on their potential.

    A buyout when the stock price hits reality is probably the best and only long term future for Tesla.
    Nov 19, 2014. 07:47 AM | 5 Likes Like |Link to Comment
  • Deflation? [View article]
    Now, JC, let's not contradict the point you make repeatedly elsewhere, that the lower 50% of American Main Street is in fact, irrelevant because it is, in fact broke.

    The top 5% hold about 80% of the nation's wealth, the bottom 80% of Americans, about 10%. It would be more honest if you wouldn't exclude portions of your arguments selectively depending on the point you are trying to make.
    Nov 17, 2014. 10:29 AM | 2 Likes Like |Link to Comment
  • Not Just The Franc Showing Euro Concerns [View article]
    The big picture is bigger than even the King Canutes of Western central banks who are, along with Western elites, so proud they believe they can hold back the tides of market forces and true price discovery. These articles are an invaluable source of professional guidance into the arcana of fund flows and bond and currency trends as well as the lack of credibility of Western government economic statistical data and policies for those who are unaware and/or less able to delve into it.

    The picture Joseph Calhoun's articles present are as damning to incumbent Western policy elites and academic (especially, economics) stooges as history has shown the absurd excesses of the Church to be during it's complete supremacy over European societies before the Renaissance. Sadly, it appears personal economic hardship will hit the parties most responsible for shaping clearly errant policies last as they continue to reap massive personal rewards for serving incumbent interests while creating ever-greater imbalances that their societies will suffer when reconciliation with market forces can no longer be averted.
    Nov 17, 2014. 10:22 AM | 1 Like Like |Link to Comment
  • Bank Of America: Is A Return To Glory In 2015 In The Cards? [View article]
    Seanebr - Not sure what deadbeat you are referring to, but I was looking to PURCHASE an attempted short sale.

    Anyway, strategic defaults and other avoidable means of shifting liability and responsibility are a normal part of the working arsenal of too many of the well-heeled in our society, not just the poor fools who should never qualified for a mortgage from the "professionals" who made off with their bonuses for originating and packaging the fraudulent garbage "product" thanks to the taxpayers.
    Nov 16, 2014. 08:07 PM | Likes Like |Link to Comment
  • Deflation? [View article]
    "First, finance doesn't employ anything like 40% of the workforce. The true figure there is more like 4%."

    40% of US corporate profits are in the financial sector, however. No doubt this is largely due to speculative excesses for which the taxpayer will be expected to provide relief once imploding leveraged counterparty risk and the "mismatching of maturities and liabilities" as mentioned in the article, threaten to topple the status quo once again.
    Nov 16, 2014. 07:58 PM | 1 Like Like |Link to Comment
  • Bank Of America: Is A Return To Glory In 2015 In The Cards? [View article]
    In my experience with BAC regarding a short sale and a refinance and as corroborated by a good number of realtors, BAC has proven as deceitful and obtuse as it gets.

    Information is provided as requested to the friendly company representative, time elapses, the business is switched to other representatives, more requirements are added, the earlier paperwork becomes out-of-date etc. etc. Clearly delaying tactics are used to postpone any change and to keep higher present payments flowing for as long as possible to BAC until the victim, I mean, customer finally switches to alternatives, but the style of doing "business," couldn't be much worse.

    Such policies are reflective of a grabby, hardball-playing customer-alienating lowest-common-denominator mode of business ethics that will likely, and should, prove limiting to this bloated company's future results.
    Nov 16, 2014. 09:17 AM | 2 Likes Like |Link to Comment
  • Elon Musk Appears To Have Misled Investors On Tesla's Most Recent Conference Call [View article]
    True believers in the Church of Musk will be out in force to castigate this article. While there is much admirable in the endeavors he has launched, a different perspective is had when one sustains a personal loss.

    Paypal, cofounded by Musk, had no viable strategy for chargebacks when it became required for use on Ebay. Hence, Ebay buyers quickly learned they could keep their product AND receive a refund. This was expensive for me and countless Ebay sellers but no problem for Elon Musk, and it required that I repossess an item on the day of my Dad's funeral since they were both in the same out-of-state vicinity.

    Elon Musk may continue to soar in the stratosphere of admiration and fortune for now but enough stories of problems once outlandish warrantee promises that have boosted sales such as guaranteed resale value become impossible for Tesla to finance once it's gimmick-laden accounting becomes comes home to roost, will make it personal for too many victims to maintain their faith-based beliefs in one of history's more significant hucksters.
    Nov 14, 2014. 10:14 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: U.S., China To Drop Tariffs On Tech Products [View article]
    The goalposts will be moved if necessary, besides moving all possible metrics to create the Potemkin result desired by the lords of the GE castle. Fortunately none of Immelt's compensation is tied to the results of the POTUS's barren "blue ribbon" "Council on Jobs and Competitiveness" he headed for several years in Washington.

    There has never been a better time to conform at the top levels in the United Sates as power and wealth are congealing there as never before.
    Nov 11, 2014. 10:13 AM | 2 Likes Like |Link to Comment
  • eBay Is Still Ridiculously Cheap [View article]
    Ebay is a cautionary tale of the results of lowest-common-denominator quick-bucks pocket stuffing by standard-issue MBA American corporate drones setting policy. The unique and viral support Ebay enjoyed from the legions of small sellers was torpedoed in favor of large resellers of Chinese merchandise purchased on Alibaba. Thus, Ebay has languished for too long relative to the growth and potential of e-commerce and will now suffer at the mercy of Alibaba which has so handily outgrown the hostile selling environment on Ebay not in the least by charging a fraction of the fees.

    The limits of ransacking American business by the likes of Ebay CEO John Donahoe will now be clearly evident going forward as inspiration and uniqueness, even the opportunity of harnessing that of their best customers, small sellers, is too utterly foreign to the Donahoe's exploitive Bain approach. Unfortunately, as it is so antithetical to the possibility of capitalizing on unique opportunity as Jack Ma, Steve Jobs and Mark Zuckerberg have done and Ebay once did, Ebay is now an afterthought with mediocre prospects in the consumer e-commerce it once dominated.
    Nov 5, 2014. 02:12 PM | 3 Likes Like |Link to Comment
  • A Once In A Generation Change For Stocks [View article]
    "Plenty of families out there with household incomes of 200-300k who barely have net worth over 100k."

    Well, actually that figure puts those families in the top 5% of income earners, which hardly makes them a representative sample of bad middle income earner choices.
    Oct 31, 2014. 10:11 AM | Likes Like |Link to Comment
  • A Once In A Generation Change For Stocks [View article]
    "How exactly would letting the air out of the stock market be a desirable goal for the Fed? By making the rich poorer – along with middle-of-the-road guys like me who obediently contribute to our 401K’s?"

    True price discovery is considered essential by true producers, but is apparently shunned by the elite moochers who have profited most handsomely by the increasing charade on the Wall Street casino that rewards financial engineering over all else. This has only artificially propped up financial asset prices and toys of the rich while gutting productive capacity and breadwinner jobs on Main Street, so unless the Plunge Protection Team can hold back the tides of correction forever while elite manipulators run the risk of .2% interest rates leveraged 100x expecting taxpayer bailouts when the rotten structure implodes, a true price discovery far lower than today's is the future for stocks and eventually, bonds, which are by far the largest tulip mania in history.
    Oct 30, 2014. 10:22 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Facebook Plummets On Guidance, Increased Spending [View article]
    "A decision on TransCanada's long-delayed Keystone XL pipeline may come soon, said U.S. Secretary of State John Kerry yesterday in Ottawa during a press conference with Canadian Foreign Minister John Baird. 'I certainly want to do it sooner rather than later, but I can’t tell you a precise date,'"

    As the dishonorable Mr. Kerry and all successful "public servants" know all-too-well, the power to delay is the power to destroy. Unless the US returns to it's senses and jettisons the primacy of bureaucratic and legalistic ossification, which primarily exists to create career paths due to endless "unintended consequences" and "contributions" to sway outcomes, the outlook is dim.

    One useful reform would be to require government employment to consist only of salary or wages without benefits. That way, the true costs of government payscales would be clear to voters, and former government employees would then have to actually face the diminished opportunity in the private sector that their "efforts" have done so much to create.
    Oct 29, 2014. 08:19 AM | 11 Likes Like |Link to Comment