There are over 6,000 banks in the US. Most are small and the smaller banks are under pressure to sell out to larger banks due to the recently increased costs of compliance with all new federal requirements.
That means all small banks are going to merge with larger banks to limit the impact of regulatory compliance. ISBC may become a buyer before it becomes a seller. The age of the CEO and other top managers is a consideration. However, ISBC will itself become the target eventually, and top management will accept an offer that feathers their nests most generously.
The ongoing mismanagement has been ongoing for a long time, yet the company hangs on. The business seems to have a strong will to live even though the management team is doing its inept best to run it into the ground.
Hilarious. Hmmm. Questionable characters in the land of penny stocks? Never heard of that before...
The bank is developing nicely and will eventually become a takeover target. It appears management would like to groom the operations for sale to a larger institution.
What does Warren Buffett have to say about traditional print media? He's very close to the Graham family that controls the Wa Post. He must have approved the sale.
Has any print media venue figured out how to grow? Or is controlled shrinkage the only option?
No doubt Buffett advised the Graham family to accept the offer from Bezos. With 28% of the stock, Buffett's agreement would be necessary.
What does this say about Buffett's view on newspapers? Does survival depend on selling them to rich benefactors? Will Bezos put his stamp on WaPo? Of course.
Warren Buffett owns 28% of WPO. He must have been consulted about this sale. Clearly he advised the Graham family to take the offer.
Why no mention of Buffett's hand in this transaction? He's way too close to the Graham family for this transaction to have occurred without his blessing.
Tesla cars are niche products. And they're going to face more competition. Meanwhile, that competition isn't coming from GM or the Chevy Volt. It's coming from the other makers of cars in the Tesla price range that are now introducing their own electrics. BMW, for one.
Thus, it's not the pension and healthcare costs at GM that matter. It's whether the company can earn a true cash profit on its sales of cars. How much can it earn selling, 20,000 or 50,000 or 100,000 cars? Enough to warrant a $15 billion market cap?
How many cars per year will this company build five years from now?
What will make this company worth today's $15 billion market cap? Is it possible a car sold online that has no dealerships in the conventional sense can offer buyers the kind of support that buyers of expensive cars demand?
Through the company's website, you can purchase used Teslas. The offered vehicles have less than 10,000 miles on them. Is it a good sign, or a bad sign, that owners want to unload them so soon?
You're right. The skeezy characters who run this operation are in it for themselves. The outside stockholders are just dupes, taken along for the ride.
The advance of battery technology? Please. Batteries have been around for 200 years, and the first electric cars were built before the first gasoline cars, and batteries are used in many settings. In other words, the benefits of advancing the technology have been in demand for over a century.
Yet despite the huge demand for better batteries, science has not been able to deliver. Elon Musk isn't going to be the guy who performs the basic research this problem requires. It's a problem that requires the attention of a few Einsteins at the university level. They'll become richer than Bill Gates and Warren Buffett combined if they can create a battery that packs as much energy in the same space and weight as a tank of gas.