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fxfx

fxfx
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  • DryShips Is Exploding Ahead Others For Good Reason [View article]
    DRYS CEO(G. Economou) has a very long and well established history of screwing common shareholders to the hilt. a simple google query will give you plenty of evidence for that. There is no reason to expect a different outcome going forward. If you want to participate in a rebound of the oil price ANY other way is preferable to buying DRYS.
    I have commented in more detail in other DRYS articles - no need to repeat it here again.
    Jan 20, 2015. 06:01 AM | 1 Like Like |Link to Comment
  • Update: Contract Wins By Ocean Rig Is Good News For DryShips [View article]
    DRYS CEO(G. Economou) has a very long and well established history of screwing common shareholders to the hilt. a simple google query will give you plenty of evidence for that. There is no reason to expect a different outcome going forward. If you want to participate in a rebound of the oil price ANY other way is preferable to buying DRYS.
    I have commented in more detail in other DRYS articles - no need to repeat it here again. Look it up
    Jan 20, 2015. 06:00 AM | Likes Like |Link to Comment
  • If You Think Oil Will Rebound, Buy DryShips [View article]
    DRYS CEO(G. Economou) has along history of screwing common shareholders to the hilt. a simple google query will give you plenty of evidence for that. There is no reason to expect a different outcome going forward. If you want to participate in a rebound of the oil price ANY other way is preferable to buying DRYS.
    I have commented in more detail in other DRYS articles - no need to repeat it here again.
    Jan 20, 2015. 05:59 AM | Likes Like |Link to Comment
  • Hollande: ECB will announce QE this week [View news story]
    central banks and their QE bullshit are part of the problem, not of the solution.
    Jan 20, 2015. 03:13 AM | Likes Like |Link to Comment
  • Hollande: ECB will announce QE this week [View news story]
    QE works exceptionally well - for the handful of the super rich, that is. As for the remaining 99% - well look no further than the U.S. and how income disparity has exploded since the QE redistribution machine was unleashed. Europe will be going down the same road to hell if the central banksters are not stopped right here right now.
    Jan 20, 2015. 03:12 AM | Likes Like |Link to Comment
  • Hollande: ECB will announce QE this week [View news story]
    Being a German, I can say that this is a misconception pretty cleverly planted in the media. the lower and middle class of Germany is paying the price, not Germany as such. the big German companies as well as the super rich have heavily benefited from the Eu and the Euro.
    And most of the money that has been given to 'Greece' (about 300 bn Euros ) has hardly touched Greek soil, but has been instantly distributed to German, French, British and Irish banks to bail them out with their large bond holding of Greek debt. Now that they have been bailed out, 'grexit' all of a sudden isn't the catastrophe for Europe anymore. Alas, as recently as 2 years back it was touted as the end of the world.
    Jan 19, 2015. 12:48 PM | 18 Likes Like |Link to Comment
  • December Retail Sales Down 1%: Sell Wal-Mart, Buy Amazon [View article]
    Jack, I doubt that these investments will ever show a meaningful positive return, but obviously, I cannot know that with certainty. That being said, there has been some pretty insightful article here on SA where the author compared a couple of truly outstanding growth companies of the past (and some of them still grow nicely) , like MSFT, GOOG, ORCL, CSCO, INTC, and the important common feature among those was that even while they kept heavily investing into their own growth, they did show profits and positive free cash flow consistently even then. To claim that you have to sacrifice real profits and positive free cash flow because otherwise you could not grow your business is one of the modem era myths perpetuated by wall street and by CEOs who simply use their "growth" companies as their personal ATM. AMZN is and will remain a non-profit organization as far as ordinary common share holders are concerned. I don't see any catalyst down the road that would change this picture.
    Jan 19, 2015. 05:22 AM | 2 Likes Like |Link to Comment
  • Wide Moat Google Selling Near 52-Week Lows [View article]
    that's the "new gambler generation": people who don't care for profits and moats. revenue growth is all that matters to them. I am fine with that, though. If a business creates the same boatload of free cash flow year after year at a reasonable multiple, I am glad to own it. I leave the AMZN's, CRM's and the likes happy to those who are obsessed with sales growth but do not want to make money. The latter rely purely on some greater fool to buy the shares from them at a higher price at some point in the future. the former do not need to be bailed out by a greater fool, as the cash generated from the business will ultimately flow through to them via dividends and/or buybacks.
    Jan 16, 2015. 11:30 AM | Likes Like |Link to Comment
  • Is Amazon Finally Turning The Corner? [View article]
    who cares for GAAP profits anymore anyway? and mind you, when it comes to the non-gaap bs , amzn is rather harmless, compared to companies like alcoa, CRM ...
    Jan 16, 2015. 09:34 AM | Likes Like |Link to Comment
  • December Retail Sales Down 1%: Sell Wal-Mart, Buy Amazon [View article]
    Hi jack, true, AMZn has had years with profits. far and few between. Now look at the balance sheet (I used your link). the latest figure shows retained earnings of 1.74 bn $ as per 3rd quarter 2014. That's as good a proxy as it gets for what this company has made over it's entire lifespan (since it never paid dividends and the likes). So yes, they made some money. 1.74 bn over a span of more than 20 years! For all intents and purposes this is basically a zero given the company's cumulative revenue , it's market cap and given the fact that the recent trend in profits is down, not up, and that profits (or losses) are very erratic with amzn anyway.
    Like it or not, AMZN remains, as bill fleckenstein put it already a decade ago "the river of no returns". (except for jeff bezos, of course, who has made a multiple of amzn's entire profits just for himself via cashing out his stock options. go figure!)
    Jan 16, 2015. 09:23 AM | 3 Likes Like |Link to Comment
  • The Incredible Shrinking Tesla Disclosure [View article]
    You spin all the stuff in a positive way, but that doesn't help. The funny thing is that TSLA suddenly finds stuff "not helpful to disclose" or "misleading" that just a short while ago was deemed the opposite and highlighted in press releases , interviews and conference calls. Paulo clearly pointed the pattern out. You can't have it both ways - well except if your are saint elon of course.
    Jan 16, 2015. 09:14 AM | 5 Likes Like |Link to Comment
  • December Retail Sales Down 1%: Sell Wal-Mart, Buy Amazon [View article]
    yeah sales growth is all that matters. AMZn may resort to just selling $100 bills for 99 $ - that way they could keep revenue growth alive for another 10 years. (In essence, that is what they have been doing all along, just that real goods were involved inbetween the $ bills) Until the profits of a business are again what matters. Which will happen sooner rather than later. On that day, AMZN will be back in the single digits, rest assured. The moment when AMZN's sales growth goes below 10 % and people realize that the sales growth of AMZN will never again be in the double digits and still no profits in sight, well... - yesterdays carnage in EUR/CHF will then be a walk in the park in comparison...
    Jan 16, 2015. 08:12 AM | 3 Likes Like |Link to Comment
  • December Retail Sales Down 1%: Sell Wal-Mart, Buy Amazon [View article]
    But, but they are growing!!!! They grow sales and they grow blabbering and they grow losses and they grow debt and they grow hype and they grow bs and most importantly, they grow the personal wealth of jeff bezos - for 20 years and counting by now. What's not to like? Real profits are so, so old economy!
    And now look at WMT. So boring! Profits year in and year out, positive free cash flow as far as the eye can see. What a bunch of boringly successful people. Investing is all about excitement and entertaining nowadays.
    Jan 16, 2015. 08:03 AM | 6 Likes Like |Link to Comment
  • December Retail Sales Down 1%: Sell Wal-Mart, Buy Amazon [View article]
    revenue growth just for sake of revenue growth is a recipe for longterm failure. You regard yourself smart, obviously, but there is just one reason you made money with your amzn stock: lots and lots of institutional asset managers and an army of sell-side analysts keep the amzn myth alive - living nicely off it. the stockprice has nothing to do with amzn's business reality - and that has been the case for about 10 years now. Don't forget to sell - at some point even wallstreet's love affair with the profitless company called amazn will come to an end
    Jan 16, 2015. 07:51 AM | 4 Likes Like |Link to Comment
  • The Incredible Shrinking Tesla Disclosure [View article]
    The SEC??? Are you kidding?? the same SEC that ignored a boatload of evidence against madoff for years? The same sec that excluded a Nobel price economist and outspoken HFt critic (stiglitz) from its market review committee lately? the very same SEC that has NEVER EVER done anything to protect the average investor but instead goes out of its way time and again to accommodate the big money interests? that very SEC? And they would ever go after Elon Musk and his various scams? Please!
    Jan 15, 2015. 01:58 PM | 7 Likes Like |Link to Comment
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