Anyway you slice it - earnings and profit margins are and will continue to slide. Not surprising, hardware companies that stop innovating - decline. All the cash ? Well this will be blown through by dividends, servicing debt for stupid share buybacks, and the biggest factor - most of the cash is over seas, to bring it home will cost aple 30%.
Right, like it has been for the past few thousand years. The US dollar is a declining, counterfeited paper towel. Has lost over 90% of its value in the past 100 years.
So the money printing will continue, but at a slower pace. Still supports buying gold, especially since gold is $700 less than 18 months ago, when there was a lot LESS paper currency compared to now.
GLD pricing being manipulated by pure fraud. At the end of the day, gold has gone up in value for decades due to the ever increasing supply of fiat currency. Currently, the central banks around the world are printing more paper trash currency then ever before. For the past 18 months, trillions of dollars and yen have been printed, at which time GLD has dropped 38%. Clearly a dynamic that will not continue. Based on the past 18 months of paper currency creation, GLD should be over $250.
Moving forward, understand that "taper" is not bad for GLD. "Taper" just means instead of printing $85 billion a month in new paper trash currency, the Fed will "only" print $70 billion per month in new currency. So how does the value of GLD go down long term in an environment where ever still more paper currency is being printed? The Fed would still be adding $800 billion in new paper currency per year with the taper.
Owning dollars or assets priced in dollars, will be met with disaster. Who in their right mind is buying stocks that are over valued by 50% and when sold are liquidated into US paper trash. The US dollar is backed by nothing, other than the taxing authority of the US government upon its citizens. Well the middle class has been destroyed and will no longer be a taxpayer (43% now pay no federal taxes, it will grow). The dollar is on its last legs.
Completely agree. BP is the UK's largest pension holding. They are being robbed by what is going down in the good ol boy south. Phone calls should be placed from London to the White House. Actually, the US is held up around the world where justice is served, this situation has become an international embarrassment.
Too bad you are factually incorrect " America is still the best place to do business in the world" The latest report from the World Bank says otherwise. You probably think we have the best education system and health care too -USA is not even in the top 20 in these categories.
This past quarter, more Americans renounced their citizenship than any other time in history, there is a reason. Do you travel outside the USA ? Do you have a clue about living in other countries? Are you too busy watching Dancing with the Stars and chanting USA USA at international sporting events to see reality?
The treatment of BP by the USA has Putin jealous of this shake down.
Have you ever educated yourself on the abuses by JP Morgan, Bank of America, CitiGroup, and thre rest of the monopoly banks? The destruction, fraud, out right breaking laws with no regard, makes BP's oil accident look like a joke. No one on WS follows any laws - look at JP Morgan's almost weekly settlement schedule of slap on the wrist fines.
BP, if it were a WS bank, baesed on their sins, would have been fined .10 cents. Do not kid yourself, this is not about following laws, this is the administration that hates oil companies, this is one big political #$%$ ball.
When the current administration wants to get something done, they do as they please. Obama/Holder could easily tell the states and local governments involved here, enough is a enough - just as Obama for the first time in over 30 years a president vetoed a patent ruling involving Apple and Samsung.
I wish BP would tell the Gulf states to go F themselves. BP employs 250,000 of their citizens who have paid taxes for decades. Try and remember that.
BP has paid enough. The economic/environmental damage is a fraction of what BP is being asked/sued to pay. Corrupt government and lawyers. BP has become a victim in this case, which demostrates what garbage the lawyers and politicians are that are involved.
Plenty of good opportunities around the world in oil. Remove the 250,000 jobs that BP created in the Gulf staates, tell them good luck. USA is not a good risk/reward for BP. Blood suckers everywhere.
Typical, Apple - a great company making tons of money, with no debt. Then WS gets involved, demanding the debt free company to go into debt (not to expand and make the company more valuable with better products) just to buy back shares (a short term suger rush). In the end, Apple will be loaded with debt, a riskier balance sheet, and more pressure to perform to cover this newly created debt. All because WS came calling. No wonder Jobs blew these guys off - they are not your friends.
Everyone did it for them. Would be beyond stupid to go into debt and buy back stock that was driven higher by $50 per share in 18 seconds because of a tweet. Icahn hurt Apple if the company was actually considering buying stock. Already, the $150 billion Icahn wants in a share buy back has been diluted by the share price ramp of over $40 billion.
Meanwhile, Apple, has lower earnings and margins moving forward.
What a joke. He only hurt the company if he is honest in wanting a share buy back. Great Carl, now Appl has to pay $26 more a share to buy the stock. This is a shameless skim job by Icahn. Apple will never add to buy backs at this level now.
Icahn wants Cook to buy back more shares because he feels the shares are undervalued. So he tweets he had a conversation to run the stock higher, making it worse for Apple to buy back shares and makes it worse for Cook to act??? So the only reason to tweet this info was to juice the stock higher so Icahn can sell at this very moment. For if Mr. Icahn was in it for the long haul because he felt Apple was a good company and had much higher to go, he would not have said anything and allowed Apple to buy back stock much cheaper. So if you are buying today, Icahn is selling to you.
Only on fraud street is this spun as a negative.
Only in the truly crooked world of Fraud street was it a miss. Bottom lne, BP had $6.96 earnings per share before this quarter we are calling a "miss". Now BP has $8.14 earnings per share, a 17% increase in earnings, wow what a "miss".
A company that made over $2 billion in 3 months with a P/E of 5 - no matter what the rwsults of the legal nonsense, stock will move higher. Quite simply, the unknown is by far worse than any legal judgement that will be given. A P/E of 5 - complete joke at this evaluation. Market trades at a P/E of 14.