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  • Overreaction to Walgreen staying in Chicago? [View news story]
    ... has anyone figured out what the real tax implications are for not doing the inversion? While it might be profitable to do the inversion tax wise is really worth $10.00 a share???
    Aug 6 12:39 PM | Likes Like |Link to Comment
  • GE's Synchrony Financial prices IPO at low end of range [View news story]
    This is a kind of alternate share buy back plan... the set up (I believe) is this... SPY is set up as a wholly owned company by GE... GE sells part of the shares into the open market retaining the majority but getting a price set... then next year offer up a share swap from GE to SPY for those GE investors who want to own the financial and not the industrial...

    Shares of GE are depleted (bought back) as the conversion takes place...

    Going long on both GE and SPY for different reasons...
    Jul 31 11:45 AM | Likes Like |Link to Comment
  • A red flag on Wal-Mart's U.S. sales? [View news story]
    A voice from Canada... We are not poor but we do live well below our means, in other words we don't live a lavish life style based on our income... We use Walmart for what it is, a warehouse store with a large well run logistic behind it.

    They like so many though are running head long into a saturation point. Sure they can steal some market share here there from the Targets and others but they simply have become victims of their own ingenuity. They should be viewed more as a REIT or a Utility with sales and revenue tracking the economy.
    Jul 8 03:46 PM | 2 Likes Like |Link to Comment
  • Maybe I'm Wrong - Justifying $2,000+ Gold [View article]
    Good article... the problem as you pointed out, for most of the gold bugs is that they aren't using the right thinking in establishing the value of the money supply... the assumption is an increase in money supply ALWAYS induces inflation, not true.

    The 'bailouts' and Fed bond buying was not 'new money'. It is covering money already spent in lead up to the crash. Many, many political decisions across many countries expanded non-collateral debt (think credit card, sub-prime). When the crash came those debts needed to be collateralized thus the back filling by the Fed and other central banks.

    If anything the CPI 'is more accurate' a gauge. Inflation and hyper-inflation is not on the radar and any normalization of the Fed interest rates will keep that in place while driving the value of gold down not up.
    Jun 2 06:17 PM | 2 Likes Like |Link to Comment
  • PetSmart Has A 35% Upside Right Now [View article]
    As one in the pet biz... I can see your arguments for PETM... the problem is that while pet ownership may have grown in the past it is now peaking or in slight decline. Just as important the size of the pets are in significant decline (switching from the Golden Retriever to Shitzu). In addition the number of competitors has ballooned as discount retailers and grocery get serious about pet food sales and everyone is carrying the high margin toys and trinkets.

    The history is very compelling I agree; but when you look closer at their customers, they like other retailers (in electronics and furniture etc.) may be a very large 'canary in the coal mine'. Add in the low barrier to entry for the services provided and the vet community consolidating their own practices and I don't believe this company can sustain its history. If it were me I would be severely discounting that inventory used to justify the debt and look at fixed costs vs cash flow ratio very closely.
    May 25 11:19 AM | Likes Like |Link to Comment
  • B.C. city warns Kinder Morgan it could withhold emergency services [View news story]
    We have a long history of these economic ransom artist with no real power using what ever means possible to leach money from the system and standing in the way of development... the real tragedy is that most are eventually paid and then they waste the money or its paid out in 'consultant' fees...

    We as Canadians are be berated by the UN for our handling of native people and land claims, and yet they are failing to look at the amount of money these people have wasted, squandered, and burned, with no concern for investment in their quality of life. There is a motel owner in Manitoba that housed and fed a large group of first nations people for 2 1/2 years due to flooding of their land. They destroyed the building and walked away, with government now being asked to pay for the damage. All the money he was supposed to get paid was 'handled' by the native fire fighters association. Guess where the money went ... AGAIN...
    May 13 05:28 PM | Likes Like |Link to Comment
  • Canadian National Railway declares C$250.00 dividend [View news story]
    ...and here I got very excited for nothing...
    Apr 22 06:26 PM | Likes Like |Link to Comment
  • Why You Should Stay Away From Corning [View article]
    Bought at 14.50 sold 1/3 at 20.63 collecting div. my view is the automotive demand will outstrip TV demand... and now that backup cameras will be mandatory going forward it seems likely that market will be good for G-glass...
    Apr 15 11:25 AM | 2 Likes Like |Link to Comment
  • Why 3M Is Irrationally Overvalued [View article]
    It could get there sooner than you think... we deal with their lab supply biz here in Canada and they just went to a new distribution system that was an unmitigated failure... orders were went from 4 days to 6 weeks delivery if at all... they even had to enlist the help of a distributor in the US to fill Canadian orders in a timely fashion...
    Jan 16 11:03 AM | 1 Like Like |Link to Comment
  • 3M: Growing Dividends And The Business [View article]
    We use their lab products and they recently have had a major disaster in their lab products distribution (at least in Canada). The online ordering went offline and they fell months behind on delivering orders that would take days before. As a 'temporary' measure they are having customers enter and take orders from a US distributor who has been shipped excess product for fulfillment of these orders.

    If this is the type of 'innovations' driving profits this might be a rough ride. Was going to buy stock back in July still holding off...
    Dec 18 10:37 AM | Likes Like |Link to Comment
  • Canadian mobile carriers Rogers (RCI -8.6%), BCE (BCE -4%), and Telus (TU -7.7%) sell off hard after The Globe and Mail reports Verizon has offered ~$700M for second-tier Canadian carrier Wind, is also talking with peer with Moblicity, and is thinking of taking part in upcoming spectrum auctions. Fears about Verizon's impact on incumbent carriers have already been running high[View news story]
    I remember Sprint coming to Canada and failing... the people who own Wind (the real owners) are no dummies in the cell space either and can't make money... why would Verizon be able to do any better???

    Canada's cell system is the least populated per sq/km of coverage just about anywhere... if Verizon needs to build towers to make a profit they are a long way off in making a dent....
    Jun 26 02:14 PM | Likes Like |Link to Comment
  • More on Apple: Bloomberg reports the company is teaming up with top phone distributor BrightStar to create an iPhone trade-in program; the program will only be available via Apple (AAPL) retail outlets. Such a move could both help Apple boost iPhone upgrade rates and profit from a burgeoning refurbished phone market. TechCrunch observes Apple offered a trade-in program last year ahead of the iPhone 5 launch, in partnership with private PowerON. However, that tie-up didn't leverage Apple Stores. [View news story]
    ...and this is why it sucks to be an Apple retailer... the Apple stores cream the profits while dumping the crap...
    Jun 6 04:25 PM | Likes Like |Link to Comment
  • Visa (V) and MasterCard (MA) have sued trade groups and retailers that have rejected a $7.25B agreement over credit-card swipe charges, with the firms looking to prevent the defendants from seeking antitrust damages for the fees. The lawsuit on Friday came a day after 17 retailers, including Target (TGT) and Macy's (M), sued Visa and Mastercard over the charges. [View news story]
    The lawyers who are pursuing this obviously, or willingly, are misinformed as to where those high fees are generated. V and MC get paid for processing all those fees beyond processing are going to the banks who hold the debt or points companies. The problem is that there are so many of those that suing would be too costly. V and MC would rather cut the fees and get rid of cash than justify the costs.
    May 27 12:09 PM | Likes Like |Link to Comment
  • Kinder Morgan Is The Best Way To Be In Canadian Oil Sands [View article]
    I thought I saw where Valero is buying a 'bunch' of rail cars for this purpose...
    Mar 13 09:11 PM | Likes Like |Link to Comment
  • The 'De-Bestbuyification' Of Consumer Electronics [View article]
    I think you are close to the truth in defining what is going on... your experience is typical decision making in this environment... where BB and the rest fall down is their inability to monetize the physical store/sales people. Much of the marketing of product/product support/inventory management has been uploaded back to the manufacturer so they just said "Why do we need Best Buy?"

    If people actually admitted the value of the Best Buy model then they would not be shopping online... but price is the driver not value...
    Feb 21 03:23 PM | 1 Like Like |Link to Comment