I bought from George in the old Houston days. And I've made money trading JOSB over the years. MW's current mgt, I'd prefer JOSB taking over.
Immoral? What planet do you live on? They may not book all obligations but they are footnoted. Public! Buyer Beware. The disagreement is as old as CEO's and CPA's - is it reasonable to book certain obligations when the revenue side cannot be reasonably estimated.
I wish we'd had him during the American Revolution. Sometimes eggs get broken.
If you can get past your bias, consider how Mandela consistently fought the most violent elements within the ANC. And has subsequently.
I am about as conservative as it gets. We already had an absurd health care system taking 20% of GNP - Congress protecting drug patents, ambulance chasers, judges, insurance companies, the medical profession's 'do no harm' nonsense, outrageous medical costs because people gorge and sit on their butts, etc.
Trying to overlay the extension of quality care to everyone was the worst possible solution - and the most costly as you know. Straight government-run care would have been better.
But then foreign doctors wouldn't come from all over the world to reap the USA bonanza.
If you read the instruction label on representative government, there are no warranties.
Sorry about your plight. Merry Christmas to you and your family.
I agree Netflix is probably too high. But that's immaterial - except as a caution against going long. The 'it's overvalued' chatter is just that. It is the 'when' that counts. Dell and Yahoo were overvalued for years. Amazon still is.
'The day traders will jump ship. . .'
Day traders 'jump ship' every day. Otherwise they'd call us 'not-day traders.' For those who traded all day, watch for their normal cashing out bump 20-30 minutes before the close.
Gotta keep fat unmovitated kids doing something. Otherwise, horders will be coming down my street ineating houses.
Not manipulation IMO (in all the public reporting of individual fund holdings there is no evidence of that) but clearly 'riding this pup even higher' is taking place.
Look at your own Watch List stocks. Do you see much upward potential in any of them? This market is overbought, which encourages funds that must place money to put a little more momos. It's textbook market topping.
I am probably more conservative than you are. But even I understand the necessity of minimum wage - fencing off near slavery wage abuses that can and do occur in totally unregulated capitalism, a protection against revolution, a practical necessity.
Think of minimum wage the same way as bank capital reserve requirements, truth-in-lending and auto fleet gas mileage standards.
The fact is the cost impact of raising the minimum does not flow back evenly, so your assertion about poor people 'will not be able to buy more' is untrue.
Argue against ten bucks if you will. I probably agree. But your arguments aren't against ten bucks. They are against paying any minimum wage - kneejerk and irrelevant.
Is this supposed to counter Dem city/state bankruptcies? What a stupid argument. You have too much time on your hands.
Rethink it. Momo new industry stocks do not follow the market by definition - except in extreme situations.
The Chinese government owns Cirrus. China owns Continental Engines. Cessna already making their abortive C-162 trainer in China says other production will move there. Last month cloaked Chinese interests buy Mooney.
I understand the labor cost and surplus dollar issues. Buy why an industry in decline for 30 years? Why small aircraft GA?
Because he's an experienced investor. No one knew when NFLX would top and dive. That's still true. Greedy newbies think they can call the top of a momo or a stock will just keep on going higher, both irrational. Icahn raked a huge profit. Basis $58. It was brilliant.
I think the reason for Icahn's initiative was a straightforward oversold bargain price - not that Netflix would necessarily put itself up for sale. When he was buying Netflix's market cap was under $3 billion. The brand was worth that.
Respectfully, I disagree - about Icahn selling one-half being 'irrelevant.' The stock's strength after his rake says 'this run-up isn't just riding Icahn's coattails.' That's powerful. Maybe not justified, but powerful.
I blush. Stock investment is supposed to be intellectually challenging and profitable, which it obviously isn't for the smackers. I think my early training as an 'all in' day trader working the dime and quarter moves would benefit some of them - learning technicals, enforcing stop losses, concentrating on the buy-in price, being ruthlessly indifferent about companies themselves. Good health to you as well.
You need to learn politics. Not one pro in Republican ranks believed Romney had a real chance. It's what we call a 'plane crash candicacy' because that's the only way to win. Running against a standing President who had captured a new majority . . . Republican contenders tearing each other apart and bleeding givers in the primaries . . . press disposed to a liberal minority politician . . . almost impossible.
A lot is junk. Other stuff isn't. I suspect in content deals Netflix and others are essentially getting the junk free. Streaming is a bunch of niche markets - child programming, old classics, thrillers, etc. For me, for example, streaming has opened up incredible foreign offerings - dirty cop action flicks the French do best; mysteries and dry comedy the Brits do best; for silly heartfelt comedy nobody beats the Italians except maybe Bollywood, and much more. Consumers are the big winners with streaming.
Well, I agree on not betting against KSS, although I don't hesitate raking and sitting on the sidelines when the time's right. Great holidays to you as well. Maybe we'll get a little more holiday anticipation bounce.