They have been discussing a deficiency report for Ebix's audit firm. Two companies in the report had less than satisfactory audits by them. Of course the boys believe that Ebix is one of those companies. And of course they are old audits that have probably been redone by now after the audit firm received the review. Someone mentioned that the audits predated Goldman Sachs due diligence, but mister M.C. said that GS didn't do any due diligence.
He should attend to his chickens and stay away from stocks. If he used the same logic caring for his chickens as he does with stock shorts, his flock would be mostly dead. His record is not great. One or two real wins don't make a sustainable career.
They are using the cash to buy back even more stock. Best use of money right now. They can raise the dividend later when the stock price is over $700.
It has a slightly larger screen and a finger recognition system tied to the home button. Fantastic innovations. What? No 32 bit processor like promised? Not much different than their previous model. Their customers want something dull and lifeless I guess.
"Our consumers do not want eye-popping technology or the most complex technology," said JK Shin, Samsung's head of information technology and the mobile communications division. "Our consumers want durable design and performance. Our consumers want a simple, yet powerful camera."
The market can act insanely stupid for a considerable amount of time, but over time it does display sanity.
The boys sure underestimated GMCR. In their brilliance, they didn't even bother to look at all their strengths. The same with SODA. Coke sees the writing on the wall of home beverages and is coming on board. New patents will take them forward. Total share buyout next year?
Hardly, my school district wants another $41 million over the next four years to replace old technology. Some of that goes to iPads. Many more school districts will be using them in the near future. They replace technology on a 4 to 5 year cycle just as does industry. Individuals have a tendency to replace sooner. As for smartphones, the carriers are introducing non contract service that allows individuals to replace their phones even sooner than the former two year contracts. Ever hear of "jump" ? Look into it before you make stupid statements.
The point is to scare the small investor out of their hard earned money. But there are some very good buys out there now. Maybe you should look around rather than take a nap.
That's because it's already down 10%. Traders are working the prices of others now. Yes, it looks like they will succeed in a correction this time around. They've wanted one for some time now. Many are being herded off to bonds again. I'm seeing buying opportunity coming. The market will go 20% higher after this correction business is done. Car and home sales continue upwards and the economy is destined to improve this year.
That's why my fidelity account is a cash account instead of a margin account. I took the margin off my brokerage account. My wife and I had to sign a form. I don't want to aid the enemy. Cash account stocks can not be loaned, same with retirement accounts which are all cash accounts.
Yes, Facebook is destined to be stock manipulated in the near future just like Apple.
Too bad that 329,999,999 are being used as a dumb phone.
Institutions have more patience than individual investors. Institutions are lending out stock at high interest rates and buying more stock as the price goes down.