Some jnj called away. Sold some utes today and pulled in on the transports after that 5% move. Didn't cash in on the transports like i thought i would. Te was my best and etr was my worst. I sold calls on pg so could't sell as much as i would have liked. Had some called away on last run to 82.50. Nice buy on brk last time around. I picked up a couple shares but not as much as i would have liked if i could pay more attention and wasn't on vacation. Did get as low as 137 however. Sold a little on the run towards 145. Rates had nice drop today. Spiked interest rate sensitives. What to buy? Or just sit on one's hands as web says? Glty btw te has a coal division so i dumped all my shares in case an offer does not come in. Maybe 3 to upside but 5 to downside. Cash out.
That's luck. FB could have been another AOL. Where are the barriers to entry? AOL was all the rage at one time. Timing has alot to do with it but low barriers to entry make businesses very vulnerable. Happy for you bud. Just been investing for over 30 years so I have seen quite a bit.
I keep waiting for oliver stone to move there. Soldiers took over polar and nestle distribution center that employs 2000 people and is the main distribution center for the country to supply housing for 50 families. Unfortunately after everyone dies from starvation there won't be much need for housing but the 50 families that are getting housing are very very happy and will vote in favor of the current goverment again.
Thinks change. That is life. Who thought airlines would soar? High margin businesses attract competitors. That is the way is has always worked. The idea is to think ahead. I don't know if buying FB at 100 will beat PG going forward but I would doubt it 10 years from now.
Really? Guess what happened to stock markets in economies with #$%$ economies like Venezuela, Argentina and Zimbabwe. Their stock markets went up as gov'ts inflated the currency. Like the pigs politicians always are that is what they do. The FED is just an extension of the politicians but they will tell you it is not because they want you to think they can't influence money printing. In other words politicians think the public is stupid and they are pretty much right about that as far as economics is concerned.
When i was young i once saw the brokerage firm boss in the hall and asked him what stocks he bought. He said, "Buy?, i just sell that sheeeeet."
The last few years WMT has been a good buy at the end of July and a good time to sell has been a few months later around the holidays. The problem with patterns is that once everyone knows it then it doesn't happen any more.
Discrepencies in Clinton's records are the story of her life. What she says and what really happens are bizarrro world. How such #$%$ makes it to the top in politics does not surprise me at all. Why anyone votes for people like that does surprise me. How do profits mysteriously show up in someone's account based on human error. Like the brokerage firm doesn't know how to do their accounting. Thanks for the post AXP. Dishonest politicians have to be called out. The real story is how incompetent she is ... from failing her first bar exam to losing one of her first jobs on what has been reported as dishonesty based on her ideology to her incompetence as Secretary of State.
Hillary and cattle futures. Queen of what I believe was inside information. How else did she turn 1000 bucks into 100 grand on one of her first trades. She is so crooked people believe she is straight.
WMT has about a 3 percent net margin, high fixed costs and debt to incur those fixed costs. WMT has become a supermarket because electronics and other items are more easily bought online. That and the lesson from Tesco. I would be surprised if WMT position is increased. Hourly wage increases and higher healthcare cost are going to cause even more problems. You haven't seen nearly the end of health care costs rising. Obamacare has been very good to the healthcare industry. Have u seen your costs go down yet? I am paying more than double of what I paid in 2009.
Rents are notorious for blowing themselves up. This one appears to be better than most and it is self managed so management is not siphoning off all the profits. If I was to own one rest then this would be it. Vtr is not too bad either.
Thanks for correcting me. Debit investment in KHC and credit cash. I was thinking the shares would show up on list of equities but instead the KHC will be carried on the balance sheet for the cost of acquisition plus income less dividends received. If that is the case then the 10 or 15 billion created out of thin air by hnz kraft merger does not show up in the financials balance shhet for anything more than what was paid. Is that right? This deal makes brk's intrinsic value that much more than reported book?
Good article. Since BRK has about 25% or so of KHC it will show up next quarter in the financials under the equity method of accounting. A nice trick to show bigger income and book value than if less than 20% was owned. WEB pulls BV from thin air with the goodwill on this deal. His name should be Merlin.
I don't think KHC will drop down until next quarter but equities are a little over 150 bil right now if there were no net sales (including the BAC warrants). BNSF is the kicker but KHC takes care of that. Geico won't have flood claims this quarter so numbers should be good based on PGR. Marmon should be fine based on TRN and GMT. Tool works may take a bit of a hit on China. Lubrizol who knows? Electric maybe a tad light. AXP IBM and KO not too crazy. And 5 bil + flowing into cash and new investments. Cash around 55 to 60 + 150 bil equities + 4 to 5 bil in earnings still puts me around 147 right now for B shares and 155 in a year unless the bottom falls out of the stock market (which is always a possiblity).