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Ted Bear

Ted Bear
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  • Tableau falls hard after pricing, further upsizing offering [View news story]
    It means that the Underwriters...Goldman, Morgan, et. al. bought 4 mm shares from the company at a price less than 89.25.

    They either sold them on to end customers at 89.25 , or they put them on their book and have a mark to market loss of a few million at today's close.

    Don't look for the 600,000 share shoe to get exercised, but you never know what happens in the days ahead. They have 30 days to elect it.
    Mar 21 05:05 PM | 2 Likes Like |Link to Comment
  • E-House Holdings slips as Goldman pulls from Conviction Buy list [View news story]
    I guess Goldman was just getting ready to facilitate customer orders yesterday when they kept selling the shares. Market up 200....EJ down 3%.

    Is this crap ever going to stop?
    Mar 18 09:10 AM | 1 Like Like |Link to Comment
  • Putin addresses lawmakers, annexes Crimea [View news story]
    Lots of fancy words...and in the end, he signed the document "annexing" Crimea.
    Mar 18 08:04 AM | Likes Like |Link to Comment
  • Citigroup Is A Bargain As The Shares Will Trade At Book Value [View article]
    Book value....whatever that is.

    How quickly people forget that the last time the tide went out, the numbers supporting the balance sheet of this (and other institutions of similar ilk) weren't even remotely representative of the actual financial condition of CitiBank.

    Since then, we have disregarded off balance sheet items, and liberalized accounting standards, such that determining true Book Value is even more obfuscated.

    I think i will wait for the next low tide when management will be forced to come clean(er) regarding their true financial condition, set my book value from those numbers, and evaluate that against the share price (if there still is one) at that time.
    Mar 18 07:27 AM | 1 Like Like |Link to Comment
  • GE may be next activist target, Gasparino says [View news story]
    Trying to clean up the mess left by the 'management wizard' jack welch has left them panting for oxygen.

    I don't think Immelt has done a poor job, but he inherited a massively leveraged company that was geared for short term gains. He has done what he could, including the things cited above, and maybe inviting the fox into the hen house will have bought him some time with the shark community.

    Maybe.

    But after all is said and done, this company is geared to cyclical events, albeit they have tried to take the cyclicity out of it with disparate businesses. At the end of the day the global economy is in shambles, and GE is a victim of that, as well as years of (mis) management geared to maximizing the compensation of the few with little regard to creating long term shareholder value.

    It is hard to believe that GE's stock is trading at less than one half of it's peak valuation of some fifteen years ago. That's the true legacy that the 'wizard' left for the shareholders.
    Mar 17 07:53 PM | 14 Likes Like |Link to Comment
  • Apple Is Still NOT Worth $530 [View article]
    AAPL's share price is pretty much telling you all you need to know about this company. It has not changed much, for a long term investor, in two years.

    Fun trading stock. Investment? Maybe no.
    Mar 17 11:59 AM | Likes Like |Link to Comment
  • It's never just one cockroach [View news story]
    Just the other day someone was talking about valuing C on the basis of 'tangible book value'.

    Bwahhhhhaaaaa............

    Now we get further headlines that the operations might not even be 'what they seem'

    Whole company is an 'avoid'
    Mar 13 09:12 AM | 1 Like Like |Link to Comment
  • Tesla faces a roadblock in New Jersey [View news story]
    Who knew that the car dealers in NJ had Christie in their pocket? ALWAYS follow the money!

    This guy's star went from shining brightly to a dull haze in less than six months. Just amazing to watch a guy self destruct in front of the public.
    Mar 11 08:35 AM | 17 Likes Like |Link to Comment
  • Klarman raises alarm over asset prices, cites tech “nosebleed valuations” [View news story]
    You show me $100 Billion a month for several years, and I will show you one hell of a party.

    I will also reasonably predict one hell of a hangover.

    The only thing we don't really know is the timing.

    The massive borrow and spend MIGHT have worked, and it still might be argued that instead of high unemployment, anemic growth, and poor quality earnings we could have had unimaginable unemployment, negative growth, and no earnings--perhaps condensed into a brief period.

    The levitation can, and will continue, until it doesn't. Could be tomorrow, could be months or even years from now, but little by little, each increment of stimulus is having a lower and poorer quality of impact.

    And then we face the great unwind.
    Mar 10 08:15 PM | 3 Likes Like |Link to Comment
  • Things are getting interesting at Kroger [View news story]
    Innovation? This guy obviously hasn't been in a Kroger store in my neighborhood. They are filthy, antiquated dumps.

    Progressive grocers? Step inside a Wegmans!
    Feb 26 07:23 AM | Likes Like |Link to Comment
  • As legal woes mount, BofA raises estimate of possible litigation-related losses to $6.1B [View news story]
    ..and in turn, BAC is sucking their clients dry with tawdry fees.

    It always gets back to the little guy.
    Feb 25 08:02 PM | 7 Likes Like |Link to Comment
  • Transcripts show how Fed took time to understand scale of crisis [View news story]
    It's one thing to kick the can down a long, dark alley while a gang of thugs presses you deeper and deeper into the abyss.

    That's the easy part.

    The moment when your back is finally to the wall, the can is all but disintegrated, and the thugs have their knives at your neck ...that's when you find out if your strategy has merit.

    Or not.

    We're only half way into the Fed's grandiose plan. The most difficult work is still ahead.
    Feb 23 01:35 PM | 6 Likes Like |Link to Comment
  • Exxon CEO joins lawsuit against tower that would provide water for fracking [View news story]
    NIMBY

    But YOURS is okay.
    Feb 21 08:02 PM | 2 Likes Like |Link to Comment
  • The Only Thing That Matters Now [View article]
    Ben put it out there months ago: "DEflation is as much, if not more, of a concern than is INflation".

    The fixed income markets took notice, but the equity market chose to over look it.

    For now.
    Feb 19 11:38 AM | 1 Like Like |Link to Comment
  • Will Apple Emulate Gold's Plunge? [View article]
    There are the known knowns, the unknown knowns, and the unknown unknowns. In the case of Apple we have only the latter left.

    New products? Nothing recent. Rumors....

    Manufacturing race/margins? We saw the numbers.

    Financial engineering? We now know that.

    So all that is left are the possible unknown unknowns. Yes, there is a long shot that they will pull a rabbit out of the hat. Do you want to invest with those odds? They are a superb company and the likelihood that they, if anyone, can pull off a miracle long bomb, but that isn't the way to make money in the long term.

    Dead money at best.
    Feb 11 09:03 AM | 2 Likes Like |Link to Comment
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575 Comments
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