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  • Walgreen on board with Apple Pay while peers wait for alternative [View news story]
    I can assure you passing along the savings to the customers is the farthest thing they want to do in their business models. For the year 2012, customers spent $1.4T using general credit, debit and prepay cards (source - The 2013 Federal Reserve Payment study). The average fee is 2% to process those payments to credit card companies (a la banks). That comes to $28B a year or roughly $2.4B a month. Retailers want that extra $28B. But at what cost? I'm hearing story after story of customers the past few days walking out CVS locations with their merchandise still on the counters because Apple Pay was available last week but is no longer available. Obviously customers are not aware and get a very frustrating and humiliating experience not being able to pay. Hence, go somewhere else like Walgreens (announcing they happily accept Apple Pay through social media today).

    Once this CuhrrentC ever gets up and functioning properly, I predict those merchants could lose 10-15% of their sales due to severe backlash and how it was presented to the public. 10% of $1.4T = $140B in sales. So $28B+ in fees > vs minimum $140B in lost sales is what that group headed by Walmart is saying. What kind of math is that? The lost sales number are my personal opinion based on looking at sales data the last few years. I personally think it'll be at the high end as customers don't forget.

    For 2014, the number of sales from cards is predicted to be $1.74T. The bottom-line is these retailers (over 80 so far have signed up) could loose $100B+ sales during a year just to collect that $28B in fees. What am I missing?
    Oct 29, 2014. 02:48 PM | Likes Like |Link to Comment
  • Amazon's Biggest Mistake: Not Begging For A Partnership With Apple [View article]
    Agree Rocco. I, as well as many others, have been saying it for years. With billions and billions of dollars at stake every year between the two, why would cut yourself out of those sales. I understand putting in safeguards and protections to secure your own products. You still can work together, and be different. But Amazon decided long ago not to go that route. I guess that's what we call competition. One company innovates, the other one produces less costly alternatives making products that provides the same services, but differently.

    I think Amazon's second biggest mistake or 1B is not releasing this Fire Stick 2 1/2 years ago when they had the chance. This was before of release of Chromecast in July 2013. It was available around the beginning of 2013 but they just couldn't get it right. Maybe they missed the December 2012 holiday time-line and shelved it knowing Chromecast was coming months later. They've had time to get it get it right, but at what cost? Now, after 2 1/2 years in development and 18 months after Google released their product, they decide to release the Fire Stick. The Chromecast has been the #1 electronics item selling on Amazon everyday this year. I checked again this morning. Even the Roku stick has cracked the top 20. I bet Bezos hates looking at that #1 rank every day by the competitor from his own Kindle.

    They should have launched it and got ahead of Google. Maybe bundled it free with a Prime account or Kindle purchase. Our company gave away thousands of Chromecasts to customers for signing up for our service. It worked. They would have had a 6 month head-start, the press, the interest of a stick, and would have stole the thunder of the Chromecast launch as it would have been a non-event. I'm not going to say it would have flopped but Google would be hard pressed to highlight a $35 product, that even then, had less specs as the Fire Stick did in 2013.

    Maybe one day Apple and Amazon can live in harmony just as Mr. Macy and Mr. Gimbel's did in the end.
    Oct 29, 2014. 11:57 AM | Likes Like |Link to Comment
  • Walter Energy -11% premarket on gloomy BofA coal assessment [View news story]
    Bingo!!! Now that's fraud!!!
    Mar 20, 2014. 11:03 AM | 1 Like Like |Link to Comment
  • Walter Energy -11% premarket on gloomy BofA coal assessment [View news story]
    The gov't police itself? Surely not this Administration where every investigation is deemed phony. BO said he would crush the conservative coal industry with this fist in 2008. Just making good on his promise the last two years. China has been making bids on many coal companies recently so I would start there. ACI has been liquidating assets and mines for the past 9 months like crazy. Burning through $100M a month last 4-5 months. They have a cap of $925M. You do the math. They are going to need a lot of help (not by way of this gov't) to stay afloat if they want to make it to the next election. Peabody can absorb this onslaught for now but they need to be aggressive now and position themselves as the only place to go for coal energy here in the States.
    Mar 20, 2014. 09:04 AM | 3 Likes Like |Link to Comment
  • Green Mountain Coffee Roasters (GMCR): FQ1 EPS of $0.76 beats by $0.11. Revenue of $1.34M (+16% Y/Y) beats by $10M. Shares +5.6% AH. (PR[View news story]
    I never saw it go higher in AH yet.
    Feb 7, 2013. 02:18 AM | 1 Like Like |Link to Comment
  • The weak NFP print increases the likelihood the Fed will launch fresh stimulus at its policy meeting next week, writes Jon Hilsenrath. Bernanke made clear (again) his concerns over the labor market in his Jackson Hole speech, leaving the suggestion he's itching to take action. Today's report, combined with ISM in contraction territory, may give him the opening. [View news story]
    That would normally work but since BO purposefully has not passed a budget in 3 years and 9 months, so that he may bankrupt America to be on par with his Middle East brothers, no one can see the end or the downfall. It's like running a train off the Grand Canyon and magical tracks appear to get to the other side. The tracks are only there because he says they are there. It's the Socialist Hopium Train!
    Sep 7, 2012. 09:40 AM | 2 Likes Like |Link to Comment
  • The weak NFP print increases the likelihood the Fed will launch fresh stimulus at its policy meeting next week, writes Jon Hilsenrath. Bernanke made clear (again) his concerns over the labor market in his Jackson Hole speech, leaving the suggestion he's itching to take action. Today's report, combined with ISM in contraction territory, may give him the opening. [View news story]
    There's nothing else that weasel can do. He has no more bullets left except to squeeze every last ounce of monetary value out of the middle class. Timmy and Bernanke need to be held accountable for their roles in BO's master plan.
    Sep 7, 2012. 09:34 AM | 4 Likes Like |Link to Comment
  • Zillow's new negative equity report shows nearly 16M U.S. homeowners, or 31.4% of all homeowners with a mortgage, were underwater in 2012 - a bit better than 2011's 32.4% but higher than estimates from CoreLogic and others. “It’s a $1.2T problem," Zillow's Stan Humphries says. “We think 2012 is going to be a great year for home sales, but a mixed picture for prices."  [View news story]
    Wait..the $2T house bailout didn't work? I can't believe that.
    May 24, 2012. 04:12 PM | Likes Like |Link to Comment
  • JPMorgan's (JPM) losses from its disastrous trades could reach $5B or more, the WSJ reports, as the bank struggles to unwind its positions. Major problems include increasing worries about Greece and the the EU economy. Meanwhile, the CFTC becomes the latest government agency to open a probe into the debacle, the NYT reports.  [View news story]
    It's the rule of three in economics. Anytime a company/bank reports a net loss, multiply it by three and you'll get the true company loss for that year, quarter, or scandal. It's been amazingly accurate the last 4 years, So it's $6B no question.
    May 20, 2012. 12:13 PM | 2 Likes Like |Link to Comment
  • It seems like you're a nobody in government circles at the moment if you're not investigating JPMorgan's (JPM) $2B trading loss, with Reuters reporting that the FBI is now getting in on the act. That adds to inquiries by the DOJ, the Fed, the SEC, and the U.K.'s FSA, not to mention hearings in the Senate. No matter, shares are +3.7%.  [View news story]
    But terrorists residing permanently up their at 1600 Penn. Ave in his Administration and the legality of his citizenship is off limits. Ok, I get it. Maybe iDimon enacted a "racial" trade. That must be it. I haven't seen this much cooperation between these agencies since the Recession cover-up.
    May 15, 2012. 01:17 PM | 2 Likes Like |Link to Comment
  • The Fed approves the first-ever Chinese purchase of a U.S. bank, giving the green light to ICBC's (IDCBF.PK) purchase of 80% of Bank of East Asia. The Fed also approves applications by the Bank of China (BACHY.PK) to establish a branch in Chicago and Ag Bank of China to open a branch in NYC.  [View news story]
    They have landed and the red carpet was rolled out right up to Capitol Hill. We could changing currencies, again. As of Feb, China is now #2, only behind the SS Trust Fund for owning US Debt. China owns 13.2% of all U.S. debt. 10 months ago it was 8%.
    May 9, 2012. 07:13 PM | 1 Like Like |Link to Comment
  • Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September.  [View news story]
    Biobat,
    Do a little research ....he did. In addition, at the end of the year he did not own a single share of stock. That is pretty telling to me and any investor. His options were a strike price of 1.50 so he cashed those out at the height of Netflix knowing he bungled a dozen issues. As long as stock was above $1.50 he made off like a bandit. Then, he gets a 68% pay raise in 2011 while Netflix loses 77%. Base pay stayed the same but his options allowance went up $3M. Imagine if Netflix didnot collaspe. He'd make $100M easy.
    May 6, 2012. 02:37 PM | Likes Like |Link to Comment
  • Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September.  [View news story]
    Translation: Netflix is F*cked. They need to be acquired to stay alive. Reed alienated both content providers and customers. BUS 101 is don't do either. There's a reason he cashed out all his options last summer for $65M and has a handful of regular class a shares left.
    May 3, 2012. 07:20 PM | Likes Like |Link to Comment
  • Facebook (FB) officially sets its IPO price range at $28-$35 in a new S-1. The company plans to sell 337.4M shares (180M in new shares, 157.4M from insiders) for a total offering size of $9.45B-$11.8B, higher than many expected. Mark Zuckerberg will sell 30.2M shares. The over-allotment option is 50.6M shares. Facebook's expected valuation range is $77B-$96B after factoring in restricted shares and options. IPO plays are following the tech sector lower: GSVC -3%. SVVC -3.1%.  [View news story]
    There's things in the pipeline...they'll be fine...
    May 3, 2012. 05:41 PM | 2 Likes Like |Link to Comment
  • The SEC has opened an informal inquiry into Chesapeake's (CHK -1.6%) program that granted Aubrey McClendon a share in each of the natural gas producer's wells, Reuters reports. Major shareholder David Dreman questions whether CHK's new statements that its directors had never reviewed or approved McClendon's actions were prompted by the SEC probe.  [View news story]
    SEC...how's that TVIX / CS inquiry going...oh, won't get to it until after BO's second term you say...
    Apr 26, 2012. 04:39 PM | 1 Like Like |Link to Comment
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