blainehodder
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Posts posted by blainehodder
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It's amazing to me that there's even the whiff of independence when Watt indicates that FHFA wants to end the conservatorship and yet is unable to do so.
Yup, seems like a pretty clear thing to point to in the cases now.... if they get that far.
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@blaine
no, that is required only if/when court denies motion to dismiss (for real)
Thanks for the clarification.
Too bad!
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turns out, judge reade's denial was NOT on merits. update at http://seekingalpha.com/article/3891416-freddie-fannie-plantiffs-score-judicial-coup
filing today sets forth revised briefing schedule:
Defendants’ motions to dismiss shall be filed on or before March 18, 2016.
b) The motion to dismiss of the Federal Housing Finance Agency and Melvin L.
Watt (together, the “FHFA Defendants”) shall not exceed 45 pages.
c) The Department of the Treasury’s (“Treasury’s”) motion to dismiss shall not
exceed 35 pages.
d) Plaintiffs’ resistance to Defendants’ motions to dismiss shall be filed on or before
April 18, 2016.
e) Plaintiffs’ resistance to Defendants’ motions to dismiss shall not exceed 80 pages.
f) Defendants’ replies in support of their motions to dismiss shall be filed on or
before May 18, 2016.
g) Defendants’ replies in support of their motions to dismiss shall not exceed 25
pages each.
However it appears they must still produce the admin record correct?
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I see greater upside in the common and don't see the scenario of common being wiped out and the preferreds paying off.
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I've been following this for yrs now and I just today bought a large position today at 1.33 in the common. I can't for the life of me figure out why this isn't going up given recent and coming events.
Good luck all! This seems to be coming to a conclusion in the next yr or so.
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Ask him if he has actually outperformed SPY using a quant strategy of his, or if it is all backtested theory with no proven forward performance.
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FB is the better investment over 10 years, 15 yrs, etc.
The founder/CEO is not even in his 40s. He is maniacal about maintaining and growing FB's moat, and will throw wads of cash at whomever can threaten it in a few years (e.g. look at what happened with Instagram).
I am fairly confident about FB being a decent long-term idea yet I don't own FB. A general Internet section correction could shave off 30% off the stock. Waiting for a better entry point. That's my weakness.
I don't own BRK either.
I disagree. The difference in earnings power of the 2 companies is just massive.
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How not to Die by Michael Greger & Gene Stone. Excellent book summarizing the fairly current scientific literature on what foods are good for you (plant based diet) and what aren't (pretty much everything else).Turns out all all meat pretty much causes harm (including fish and chicken). Good diet recommendations even though I doubt I could implement it the max.
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Those cerulean eyes have me convinced.
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Everything! Megacaps. AAPL, GM, DIS, GOOG,
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GM. Crazy cheap at 5.14 PE
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In general, I am sympathetic to some of the views shared by others in this thread - that things are getting cheaper; that you are massively net long; that you don't short, etc. I respect that, especially if you're investing your own money, not other people's money. If you've been tasked with managing other people's money and are paid for doing so, then I would say that it behooves you to spend some time thinking about how to position to address the significant probability of a bear market up ahead. Everything else is just lazy.
If you've been tasked with managing other people's money you should make big macro calls. Got it. Greenblatt might disagree.
In all seriousnes though if you are managing other people's money, the decision to make a macro call should be based on the client expectations. It isn't lazy to be 100% net long 100% of the time if that is what the client wants.
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rebuying the BIDU I sold out of it seems only a month or so ago.... It has dropped from 230 to 170 in an astonishingly quick move. Lather, rinse, repeat.
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Rondo Agile 3010
http://www.rondomusic.com/al3010sehsbf.html
It is basically a well made Korean Gibson Les Paul clone. Countless hours of fun. The price has jumped a bit from the 250, but it is still a great price.
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If you look around there is a lot of smart money sitting on it....Berkshire sitting on $58B.
Berkshire doesn't sit on money as a market timing tool. They always have tons of cash looking to deploy. Also they are going to use $20B+ for the precision castparts merger....
In my opinion Berkshire does use cash as a market timing tool. Sure they might not take a top down macro approach, but they are constantly looking to do deals. If they can't find enough attractive deals to put the cash to work, it builds up on the balance sheet. Same net result. If the market dropped 50% tomorrow you would expect Buffett to put most of the cash into the market. Likewise, if the general market doubled tomorrow he might sell some stock positions and would be unlikely to find many deals so cash would increase. To me, that is market timing.
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AAPL DIS
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If you live in the cold, the Ford Escape is affordable, cheap to service, good fuel economy (not that it really matters anymore), and has all the cool options. Seems to drive better than the competition as well even though it is among the cheaper small SUV options.
We are big fans of ours.
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AAPL, DIS, TWTR, CMG, BRK.B, USB, WFC
Fun day in megacap land.
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Buffett of course :) His management is free. That and Vanguard.
Greenblatt if not for the fees.
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This is the time to back the truck up and load up on more shares of Chipotle.
This is a great company that is no longer a one trick pony. They're also growing with more ShopHouses and Pizzeria Locale locations.
Management recently did a $300 million share buyback because of the E Coli issue.
I agree it is a good company - as does the market. It isn't cheap by any means even with the e. coli drop. I assume it will get cheaper after a quarter or two orf terrible SSS regardless of the long term prospects. I will wait for that to (possibly) happen. Otherwise it hardly seems like a truck loading opportunity to me.
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More like 150 bps from Visa now, so that is a huge incentive to cut them out. And, yes they would need to setup a partnership with banks, guarantee transactions etc. Not sure why this would be that difficult for Apple or Google. To some extent they are already doing this with the debit transactions on Apple Pay. Merchants, consumers and banks should be eager to go in this direction.
Another crazy option would be to use some of the massive unused balance sheet cash to setup a "bank" themselves to offer the credit. I see that as unlikely, but it is possible.
Article on the fees in Canada now:
This thread makes me want to buy more Apple and Google... And they are almost certainly more capable of stopping fraud as well.
See HJ's post.
Here's another nice summary of who gets what.
Thank you, HJ and wknecht!
This is very useful.
Cheers,
Gio
Agree. Very useful thanks!
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SD.
I guess a have a couple questions that I have since I don't know enough about the technology.
1. Why doesn't V/MA develop a similar technology they can exploit?
2. If a decline is imminent and coming soon why haven't V and MA seen this/thought of this yet?
They can see it but what can they do about it? Lets say Apple and JPMorgan partner to offer credit and payment through the phone... Visa would like to be in the transaction somehow, but what can they really do about it? They may offer similar services, but market share goes down, competition goes up, and margins go down.
Further, p2p margins go to zero. Whether Apple, Google, Paypal, JPM, or V/MA or some combination are the ones that do it, it is irrelevant. That cow is milked.
Does Apple (or Google, or anyone) really want to partner with JPM, then have to go and partner with BAC, C, WFC... then go to Canada and partner with TD, RY, BMO, then go to the UK, then Europe and on and on...all to get into a business that's not within their core competency and has a very high risk of not succeeding?
Or, would they rather just partner with Visa, who already has the network in place, and be done with it.
They would probably want to make tons of money for the minimal work of partnering with 20-30 banks, while bolstering their platform tie-in. Why wouldn't they?
Why is it so risky? The banks will be eager to cut out Visa. Consumers will be eager to use it. It won't take a ton of capital to pursue.
Looking backward the moat was solid. Looking forward it seems weak. The tech players are in the perfect spot to edge out V/MA with minimal capital or effort.
...Or maybe I'm completely off my rocker. Not sure.
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More like 150 bps from Visa now, so that is a huge incentive to cut them out. And, yes they would need to setup a partnership with banks, guarantee transactions etc. Not sure why this would be that difficult for Apple or Google. To some extent they are already doing this with the debit transactions on Apple Pay. Merchants, consumers and banks should be eager to go in this direction.
Another crazy option would be to use some of the massive unused balance sheet cash to setup a "bank" themselves to offer the credit. I see that as unlikely, but it is possible.
Article on the fees in Canada now:
This thread makes me want to buy more Apple and Google... And they are almost certainly more capable of stopping fraud as well.
What do you do with cash while you wait?
in General Discussion
Posted
minor nitpick - the 10% move in SPY understates the decline of the average stock significantly. There have been 25% declines in many (most?) listed US stocks, and definitely in European and EM stocks. That said, if you don't see bargains, you don't see bargains.