Egg

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  • Fundamental Valuation: How Low Could We Go?
    The author is thinking one dimensionally.

    A very key point this article misses is that is the market trades sideways from here and the companies continue to muddle along (making a profit, but little growth) then book values will continue to rise in the coming years.

    So....

    Using 73-74 and 1982 as metrics....you have 8 years from now (2016)that book values will creep higher (assuming companies stay profitable) and with flat stock prices, then you might have a market with the S & P at around current prices AND also below book value.

    Taking that 615 # now as book value the author states and granting an increase of 5% a year in book value (10-12 P/e + dividend would do that) then the 615 becomes over 900 in 2016.

    Oct 18 16:22 pm |Rating: 0 0 |Link to Comment |View article
  • Another Unthinkable Market Event
    What about an uptick rule?

    No...not that shorting related one.

    A new one. No selling a stock unless there is an uptick.

    Think about that........Stocks could never go down again!

    But really, the first comment was right. Shutting down the market would only make matters worse. The market just needs to run its course. As painful as that course is....we're going to surive in the end.
    Oct 10 01:44 am |Rating: 0 0 |Link to Comment |View article
  • Credit Crisis Sharpens Anger Over CEO Pay
    Not that it's comparable, but CEO pay doesn't resonate so badly when you think about some professional sports players (especially basbeball) who now make 10M+ per season that are not that special of players.

    My analogy would be when the CEO of (let's say) GE is paid 12M which is less per year than a good (not great) starting major league pitcher then CEO pay is not out of control.
    Oct 04 20:44 pm |Rating: 0 0 |Link to Comment |View article
  • What the Hedge Funds' Bad September Could Mean for Markets
    What would those September #s have looked like if the market didn't have the end of quarter paint the tape rally on Tuesday?
    Oct 04 00:39 am |Rating: 0 0 |Link to Comment |View article
  • 9 Reasons Why We Are Close to, If Not Past, the Bottom
    Why do so many people continue to mention Cramer in what should be an otherwise serious article? He has no business being on the air on CNBC. Let alone being considered some financial guru.

    For people like me, just talking about him voids me out to the rest of your article. Although I did still read it and the thing that still worries me going forward is a possible consumer crash in the coming years along with forced inflation.

    But back to Cramer since he ironically is the object of my vent, and to borrow a quote from Buffett, since the tide is gone, Cramer is buck naked to the world now. And that is not a pretty sight!
    Sep 28 02:28 am |Rating: +1 0 |Link to Comment |View article
  • Tyson Foods: Picked To the Bone
    I agree completely. I think the fundamentals in the chicken industry is setting the stage for a huge bull run in Tyson. They based long enough! It's been almost 16 years that Tyson has been stuck at 12/per share.

    A wounded Pilgrim's Pride is the ignitor. Tyson has been refusing the cutback its supply this year, and forcing PPC (who is #1 producer) to do all the cutbacks. And with PPC's current near insolvent position, you can bet they will do further drastic cutbacks in order to try and desperately boost prices. All the while Tyson can sit back and wait (and benefit) with their recently rasied 750M.

    The end result will probably propel Tyson back to #1 overall position in a soon to be profitable again industry.

    This may not happen immediately. It might even take 6-12 months (market permitting) before the bull run starts, but I believe it'll be worth the wait. In the meantime, people can own shares below book value in an industry leader. An industry that will ALWAYS exist and be needed.
    Sep 26 20:38 pm |Rating: 0 0 |Link to Comment |View article
  • America Buys AIG
    I don't think the preferred were bailed-out. It said the government has a right to veto any dividend to them. Only the debt holders were bailed-out completely it seems.

    As far as the common, that leaves 13.5B shares outstanding which will lead to what market cap?

    From my perspective, this seems like the govenment has a chance to make out very well on this deal from a communist/capitalist point of view. They are the only ones able to come up with the 85B and if AIG survives, then there 80% shares will be worth a LOT...in addition to getting repaid the 85B.

    Kinda like when that Saudi back in the 90s bailed-out C
    Sep 16 21:51 pm |Rating: 0 0 |Link to Comment |View article
  • AIG Bailout: Over to Congress
    The text statement I read said the loan is for 24 months, which should not force AIG into a "low-grade fire sale."

    The 80% warrants should mean there are now around 13.5 B shares outstanding.

    All the details are not out yet, but if the above is true, then it would seem AIG common should still trade tomorrow at around $2 (plus or minus 50 cents)
    Sep 16 21:37 pm |Rating: 0 0 |Link to Comment |View article
  • Corning: Looking Very Cheap
    "At a current price/earnings (P/E) ratio of 4.8 investors are anticipating continued demand trouble as the current estimates are for very strong growth of 32.6% year over year."

    That is very misleading. Trailing P/E is actually ~12 based on the $1.41 Corning made in '07. You are factoring in a 2B+ one time income tax gain into that 4.8 P/E.
    Sep 05 16:01 pm |Rating: 0 0 |Link to Comment |View article
  • Investing in Biotech: The 3 Phases of Clinical Trials
    My feeling on biotechs has always been never buy a stock of a biotech which is in Phase 3 testing. If that company hasn't been bought out based on Phase 2 data yet, then there usually is a problem with the drug.



    Sep 01 22:13 pm |Rating: 0 0 |Link to Comment |View article
  • Questioning Obamanomics
    The best hope for Republicans is that GWB mucked up everything so bad that no matter what Obama does when he comes into office, the economy will stay bad for 4 years.

    And I think it's a pretty good bet that GWB has mucked things up so bad with his economy on a credit card philosophy that things will stay bad for an extended time.

    So, stay optimistic, in 4 years we should still be reeling from the GWB legacy and can blame Obama!
    Aug 31 14:32 pm |Rating: 0 0 |Link to Comment |View article
  • Obama Is Bad for the Economy - Barron's
    George Bush and the Republicans are completely to blame for allowing the United States to face the possible election of a quasi-socialist Obama this fall.

    And that statement above is coming from a Republican (me) who thinks Bush's fiscal policy over the last 8 years has been a complete disaster. He put the country on a credit card for his two terms and eventually those bills come due. It's as if the Republicans never heard of the word balanced budget. No, they just spend, spend, spend.
    Aug 24 12:48 pm |Rating: 0 0 |Link to Comment |View article
  • Fannie, Freddie Shareholders Will Be Left Holding the Bag - Barron's
    One point of contention:

    The idea that FNM and FRE common stock will be left worthless after they raise the necessary capital to survive has been common knowledge now for weeks/months...yet the stock refuse to trade down any further.

    This somewhat reminds me of the day BSC went under and the stock refused to trade down near 2 and rose all day. I remember David Faber (CNBC) actually chastising people on camera for paying anything over 2...then lo and behold a week later the stock was worth 10. The people in the know knew despite Faber.

    And it's possible the people in the know know about FNM and FRE and that the government will toss a small bone to common shareholders, too.

    That being said, I cannot bring myself to buy since I'm not in the know.
    Aug 17 19:06 pm |Rating: 0 0 |Link to Comment |View article
  • Mel Karmazin Delivers in Mad Money Interview
    Where's Tyler???

    His daily pumps are missing.

    And Brandon is no Tyler.
    Aug 12 14:52 pm |Rating: 0 0 |Link to Comment |View article
  • Sirius XM Radio Analyst Roundup
    Still not a hint of capitulation in Sirius.

    Capitulation will likely not occur until these daily pumps by Tyler are met with no replies. (or at least not 50+)

    Either that or bankruptcy for true capitulation.

    We shall see....
    Aug 10 16:37 pm |Rating: 0 0 |Link to Comment |View article

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