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jschroe36

jschroe36
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  • Netflix (NFLX): "We used $39.6M in Q3 to repurchase 182K shares at an average cost basis of $218." The stock closed at $118.84 today ($93.86 in AH trade).  [View news story]
    Nice trade Reed.
    Oct 24 05:46 PM | 2 Likes Like |Link to Comment
  • Liz Claiborne: Shedding Brands, Gaining Growth Potential [View article]
    Narrowly escaped bankruptcy in '09...won't be as fortunate the second time around.
    Oct 23 10:50 PM | Likes Like |Link to Comment
  • Bruce Berkowitz's co-manager at Fairholme Capital, Charles Fernandez resigns from the mutual fund company in the midst of a brutal year for its flagship Fairholme Fund. Fernandez also resigns from the board of St. Joe (JOE) - the real estate developer of which Fairholme is the largest shareholder. Other soured bets this year: AIG and BofA (BAC).  [View news story]
    Time to get a real job, Chuck.
    Oct 23 08:59 PM | 2 Likes Like |Link to Comment
  • Why David Einhorn Is Right About Green Mountain [View article]
    Anyone long this blatant fraud deserves what they'll soon get.
    Oct 22 07:51 PM | Likes Like |Link to Comment
  • Europe's Inane Idea: Fake Brady Bonds [View article]
    I expect U.S. indices "to trade much lower" regardless of whether the "Europeans can come up with something more credible than is being discussed right now."
    Oct 20 05:30 PM | 1 Like Like |Link to Comment
  • The U.S. is doing a lot better than people think, Goldman Sachs Asset Management chief Jim O'Neill tells CNBC, adding he sees "no momentum for a recession." Greece is "only a $350B economy... [Italy] is what it's all about." And if Europe sinks, the U.S. "has coped pretty well with Japan going 20 years without any growth," he says.  [View news story]
    How this man isn't in prison I'll never understand.
    Oct 20 05:25 PM | 3 Likes Like |Link to Comment
  • Shares of Popular (BPOP -13%) sink after the Puerto Rican bank's Q3 profit plunges 94% Y/Y and misses the consensus estimate of analysts by $0.03. The year-ago comparable included a $640M gain from the sale of BPOP's interest in Evertec.  [View news story]
    John Paulson strikes again: http://yhoo.it/neTQYA
    Oct 19 11:20 AM | Likes Like |Link to Comment
  • If you've ever doubted whether Bank of America (BAC) is in serious trouble, this development should settle it, says Naked Capitalism's Yves Smith. In a move to reduce the bank's holding company exposure, it recently moved a large tranche of its worst performing derivatives from its Merrill Lynch unit to a subsidiary flush with taxpayer insured deposits. The Fed has signaled it favors the move, but the FDIC, which will have to pay off depositors in the event of a bank failure, objects.  [View news story]
    Equity holders of this insolvent zombie will be wiped out.
    Oct 18 08:24 PM | 3 Likes Like |Link to Comment
  • 'Dexia's Demise Is Only The Start' In Europe [View article]
    Reggie is awesome...he does great work.
    Oct 17 11:23 PM | 1 Like Like |Link to Comment
  • 'Dexia's Demise Is Only The Start' In Europe [View article]
    Well said
    Oct 17 08:45 PM | Likes Like |Link to Comment
  • The double-dip recession concept has been oversold, notes Legg Mason's Robert Hagstrom. "The data just one month ago had H2 growth coming in between 1% and 1.5%, now we're seeing estimates upwards of 2.5%." Investors should be scooping up big-cap, high-quality growth stocks. Right now you can "buy the future for free," Hagstrom says, with stocks priced today as if they're expecting no earnings growth over the next 3-4 years. His picks: Amazon (AMZN) and eBay (EBAY). (video)  [View news story]
    Just another used-car salesman
    Oct 17 08:29 PM | 3 Likes Like |Link to Comment
  • Hedge funder John Paulson rips Occupy Wall Street protesters: "The top 1% of New Yorkers pay over 40% of all income taxes, providing huge benefits to everyone in our city and state... Instead of vilifying our most successful businesses, we should be supporting them." But this year anyway, Paulson & Co. wouldn't be considered very successful.  [View news story]
    There's no quick fix...that's what happens when interest rates are kept artificially low for decades, and politicians are bought and paid for by Wall Street and its lobbyists. You get an abortion of an economy. It's going to take time to right the ship but it beats the alternative, which is maintaining the status quo.
    Oct 11 09:01 PM | 2 Likes Like |Link to Comment
  • Hedge funder John Paulson rips Occupy Wall Street protesters: "The top 1% of New Yorkers pay over 40% of all income taxes, providing huge benefits to everyone in our city and state... Instead of vilifying our most successful businesses, we should be supporting them." But this year anyway, Paulson & Co. wouldn't be considered very successful.  [View news story]
    That depends on how our government re-allocates all those mis-allocated resources. Hopefully towards production, manufacturing and infrastructure.
    Oct 11 08:39 PM | 2 Likes Like |Link to Comment
  • Hedge funder John Paulson rips Occupy Wall Street protesters: "The top 1% of New Yorkers pay over 40% of all income taxes, providing huge benefits to everyone in our city and state... Instead of vilifying our most successful businesses, we should be supporting them." But this year anyway, Paulson & Co. wouldn't be considered very successful.  [View news story]
    Wyo, this has nothing to do with me so save your pointless, hapless personal attack. It sounds to me like your suggestion is to keep the status quo, extend and pretend, allow the federal gov't to keep propping up the grossly overvalued markets as long as possible. Our economy is completely broken and needs to undergo a dramatic transformation and unfortunately, that means a massive number of jobs in the real estate, insurance, and financial services sectors will be lost.
    Oct 11 08:32 PM | 3 Likes Like |Link to Comment
  • Hedge funder John Paulson rips Occupy Wall Street protesters: "The top 1% of New Yorkers pay over 40% of all income taxes, providing huge benefits to everyone in our city and state... Instead of vilifying our most successful businesses, we should be supporting them." But this year anyway, Paulson & Co. wouldn't be considered very successful.  [View news story]
    Tough shi+. Take the pain...there are WAY too many zero value-add, paper-pushing, financial services jobs that this grossly mis-allocated economy has spawned over the years and those jobs need to be purged and resources/capital need to be focused on things like manufacturing, production and infrastructure. You know, things of value. Not a bunch of worthless "analysts" gambling on the stock, bond, and commodities markets.
    Oct 11 06:20 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
66 Comments
92 Likes