bflochp

http://www.iec-chesapeake.com

6 Comments

    • ON: Fri May 9th 18:57 PM
      Commented on:
      2008 Wesco Shareholder Meeting: Detailed Notes
      Lest I forget, thanks for the publishing of the meeting transcript. It will become valuable material quoted in the future to unwilling victims.
      Pete Bowers, President, Satellite Electric Co., Inc.
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    • ON: Fri May 9th 18:49 PM
      Commented on:
      2008 Wesco Shareholder Meeting: Detailed Notes
      I stumbled upon this transcript by accident. I read, mesmerized by the common sense commentary given to each question asked. I am a small business operator (an old small business man), who sits here thinking just what I could have accomplished better if I had brushed up against this level of thinking when I stated some 42 years ago. Maybe it's not too late to paraphrase Mungers thoughts in future motivational correspondence with my industry contemporaries.
      Trivial as it sounds, amazing, just flat amazing! Makes my owning a paltry number of shares that much more valuable.
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    • ON: Thu Apr 24th 12:22 PM
      Commented on:
      Form Factor Appears Deeply Discounted
      Impressive study. Props up my cowardly inclination to sell and run. It isn't fun to be a newbie in a market like there is today but I'll pull my knickers higher and buy some more.
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    • ON: Wed Mar 5th 18:59 PM
      Commented on:
      Berkshire's See's Candy: Magic Formula Stock from 1972?
      At least User 63996 doesn't compare cost to degradation of the product. Strange how perspective can be distorted over time. The 1972 Mustang is not the Mustang of 2007, not in shape, size or simplicity, yet some still buy. The complexity is up, the weight is down and the price? Some where near exorbitant I think. Value is in perception and P. T. Barnum perfected the market for Buffett to follow.
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    • ON: Wed Mar 5th 18:36 PM
      Commented on:
      American Axle Strike: Unions Continue to Kill U.S. Manufacturing
      The most amazing realization that I get from reading the "added comments" is the lack of comprehension of just what constitutes a wage by the majority of those who took the time to vent over the article. What exactly do they think an "all in wage" constitutes? The in pocket portion only, with the fringes something that materializes from being at the work site? Fringes are wages, either offered by an employer or negotiated in the collective bargaining process by labor pressing management. The resultant labor wage aggregate is the cost to produce the widget and is paid on behalf of and directly to the employee. For those who would chose to challenge, I am an electrical contractor, having started my career as union apprentice, progressed to becoming a union employer and representative for my association these are familiar facts. Obviously, the bulk of the contributors are educated enough to wander thru the financial web seeking an escape from the deplorable situations they would hold up to justify the rabid philosophy the divides so much of this countries industrial capability. For AAM Striker to throw down the unspoken "Jewish writer" slur before going on a "rampage" is to paint himself as an Archie Bunker wannabe who's opinions are of no consequence. Canadian rocker would hold greed up as a particular American trait, responsible for what he/she perceives to be the cause of his non-union status. BKR opines about wishing for the US to become competitive again, perhaps with the Government "doing something" to make it happen. Then, just to make sure a reader gets his/her point, slams it 3 times in print. Ms. User 160131 would make an observation on the excess of executive pay. Its a good point but one that should be taken up with the stockholders and the idiots that far too frequently get appointed to compensation committees. I would offer up the question; why did she (or husband union member) not lobby for ownership reform by their union retirement investment representatives. Were their union leaders compromised in some way, like being in the pocket of management. The husband, for 20 years, was telling every body of the fate to come to this countries manufacturing. 20 years, huh! And nary an example of what real effort he might have taken to be proactive to save his lifes work. That thought by the way is the core of the writing by Mr. Horowitz.
      Really, you who write to this editorial ought to reflect on what went wrong with your dream, goal, wants and how YOU are going to remedy the situation. Racial slurs against the messenger aren't the answer. Holding your hopes for Hillary is preordained to get you more of what you got already. Expecting your union gurus to lead you to the promised land is like Jim Jones exhortation to slurp the cool-aid to refresh yourself during negotiations. You have the responsibility for you families future, work for it or accept what is offered.
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    • ON: Tue Dec 11th 21:48 PM
      Commented on:
      On Poker and Investing: Let Your Winners Run, Cut Your Losses Quickly
      I would suggest you refine the analogy with poker (not winning big) to leaving the table, etc. and the correllation of owning a position in anything and what you do next. I think I get the idea but you are sketchy enough without the buffett chest pounding. I'll look back on your other prognostications later as you probably have good prespective,
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