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From Subprime to Meltdown: Is Peak Oil Responsible?
So the current economic crisis is only partially caused by the Peak. It was exacerbated by stratification (known to previous generations as class war).
Good Riddance to 2008
Yes, I was saved.
The value of my stock portfolio increased by +14% during 2008. You know how I did it ? I am a new investor and starting buying stocks for the first time in November 2008. So far I appear to have perfectly timed the bottom :-)
New DivX Hook-Up with Matroska to Provide Enhanced Video Experience
Oh, and if you think that “Matroska dropped MKV'' makes ANY sense, than you seriously have no idea what you’re talking about. The Matroska Foundation’s sole real for being is to push the Matroska (= MKV!) format.
New DivX Hook-Up with Matroska to Provide Enhanced Video Experience
Oh, and if you think that “Matroska dropped MKV'' makes ANY sense, than you seriously have no idea what you’re talking about. The Matroska Foundation’s sole real for being is to push the Matroska (= MKV!) format.
Interview with Patrick Byrne, CEO of Overstock.com
Dividend Paying Stocks: You Only Have to Be Lucky Once
Conversely, I haven't looked at PG, but I bet if you looked at their fundamentals you would notice they were *not* overvalued to begin with, so it was logical for their market cap to keep increasing because it is growing.
I also don't think that investing is a matter of luck. At a conference in the 1990s, Warren Buffett refuted that argument by showing data that him and a group of friends following this strategy were able to consistently outperform the market, every year, for a period of 20+ years, with differences in their portfolios.
I should say that even though I have probably less experience than most people here, my first exposure to investment strategies has been value investing, and it strikes me as so obvious that this is the right way to invest that I wonder why not more people follow it.
Open Letter to Sirius XM: Take Us Listeners into Consideration
...to be clear, I have always enjoyed a little bit of DJ talk. I feel that DJs add to a show....
That is the only comment that I take exception to in your otherwise excellent article.
You are sending a mixed message to Mel K and Scott Greenstein and company.
We want them to silence the DJ's on music channels.
PERIOD>
What don't they understand about this?
I am beginning to think this is all a cleverly crafted plan to make way for commercials. Think about it.
If people are used to interruptions in between each song, how long before they start sneaking in a commercial here and there?
Will people even notice?
Sirius subscribers will become so immune to the HORRIBLE blather from these asshole DJ's providing mel the opportunity to quietly fire them and replace their interruptions with ads -- all in the name of making Sirius profitable.
Don't allow it.
Look, The New York Times just announced that IN AN EFFORT TO REDUCE OPERATING COSTS they fired all of the overnight DJ's on their WQXR owned radio station and replaced them with pre-recorded messages and non-stop classical music.
Why is MEL so stubborn?
Mel, FIRE ALL THE DJ's on the music channels. PLAY MUSIC. that is why I am subscribing. Not to hear FM style dj's. STOP THE MADNESS
"We've gotten hundreds of people who hated it and claimed they were going to cancel," Karmazin said at last week's Reuters Media Summit, as recounted in the Reuters MediaFile blog. "If we took the most aggressive number of people who cancelled, and we take that (away) the $120 a year (they pay) it doesn't get to a $1 million as compared to the significant amount of cost savings as a company that needs to make money."
NO reverse split! (With today's stock prices, NASDAQ should reconsider its delisting policy
he cancelations have amounted to less than 1 million dollars per year loss to the company
Open Letter to Sirius XM: Take Us Listeners into Consideration
IF you don't vote for a Reverse Split the stock will be delisted.
NOT TRUE
Between delisting extensions, appeals and the current lobbying effort (in the midst of this current depression/severe recession) to abolish the $1.00 delisting rule (provided the market cap is above a certain threshold) threat of delisting is not an immediate issue.
DON'T BUY INTO THAT THINLY VEILED THREAT!
VOTE NO ON Reverse Split.
Vote No on additional shares.
Vote yes or no on keeping Mel. I am on the fence. If he goes, who takes over?
Sirius will have you believe that if you own 10 shares at 14 cents each (meaning your equity is $1.40) then a Reverse Split of 1 for 10 will mean the new stock price will be $1.40 and you will have the same equity.
BULL SHIT
After a RS the stock will go up to $1.40 but the bondholders will immediately short it back down to 14 cents
Now where are you?
You will then own one share at 14 cents instead of 10 shares at $1.40
See my point?
The deadline for delisting is January 20th.
Sirius would by law have 180 days from that point to become compliant.
In addition Sirius could also appeal the notice at the end of the 180 day deadline.
Plus keep in mind that they may very well extend the extension deadline well beyond the Jan 20th deadline as there is an unprecedented amount of stocks on the NASDAQ below 1.00, which could easily put us into 2010 Providing plenty of time for management to perform their fiduciary duties and make a substantial effort to increase the share price and shareholder value.
Open Letter to Sirius XM: Take Us Listeners into Consideration
Bondholders own Sirius Xm, thanks to that eleventh hour financing deal that allowed Bondholders to instantly short Sirius shares to protect their investment.
So if you vote for a RS aren't you saying to Bondholders "go ahead, make my day, short the 50-1 new share price of $7.00 back down to 14 cents?"
The NAB is no longer a threat to Sirius.
The FCC is no longer a threat to Sirius.
The Bondholders are the only threat to the current share price and will surely dilute any higher price as a result of a RS>
Expiring Patents Ignite Biotech Boom
CNN's New Wire Will Shake Up the Newspaper Business
Case in point, the unfair practice at CNN of having their hundreds of Newsource affiliates pay top dollar to get access to CNN footage while CNN uses the reciprocal affiliate footage to program upwards of 50% of their on-air video and online content. They get it coming and going. How is it that the affiliates have not figured this out yet. If the affiliates were to band together and demand a fair reciprocal sharing pool, CNN would have no choice but to bend. Because there's no way their investing 10s of millions of dollars in getting this video footage themselves. Nothing drove me crazier as a local news person to know that WE had to PAY for the privilege of putting our content into a pool that CNN “organized” and benefited greatly from — both from a content source and a mid-8-figure revenue source for CNN Newsource.
Citigroup: The End Draws Near
- Conditional guarantee on $306B in assets, presumably designed to mostly cover their riskier derivative positions at a price of $7B in preferred stock paying a coupon of 8%. Given that C's two highest yielding preferreds already pay a coupon of 8.125% (CpP) and and 8.5% (CpM), this appears to be quite a deal for C in terms of added dividend liability.
- C's added liabilities at this point, to attain this much of a guarantee, comes out to around $329 million per year (8% * $7B).
- Someone correct me if I'm wrong here, but I believe that the CDS spread on C was in the ballpark of 470bps on Friday. Thus, purchasing that much of an unconditional guarantee on C's debt would've cost roughly $14.38B on the open market; being that this is a conditional guarantee, C needs to absorb $29B before coverage begins. Just between C's $24B loan loss reserve allocation and the $25B TARP to drawn on, it seems likely that C could reasonably absorb the full $29B without much trouble.
- Now, please, someone offer their insight with regards to the financing provision. Every which way I read it, it seems as if the government is extending a guarantee on the REST of ALL of C's assets, beyond the $308B troubled portfolios, in the form of a non-recourse loan @ OIS + 300bps with the same 90/10 loss sharing terms. Given that the overnight rate has been averaging in the ballpark of only 30-50bps this past month, this again seems
curious. If I'm not misinterpreting this, it would appear as if they're getting an extremely generous credit line that, maybe given its terms, the USG doesn't expect it to tap into.
- C keeps the income derived from their assets in the guaranteed portfolio, designating the risk weight to 20%. Since it's unknown how, in light of what's happened the past year, to what extent C has re-weighted the risk in those portfolios, and there's no better risk weighting than 20%, this should help free up much of C's capital tied down to those assets.
- Preferreds are agreed to be redeemable in either cash or stock, so this should have no negative impact on the share price beyond the added liability from the new preferred issuance. That liability seems to be explicitly covered in a prudent attempt to minimize backlash from the public, demand further cost reduction, by requiring an almost complete cut in its dividend which had been, @ $0.16/share, a quarterly expense of $872 million based on the 5.45B shares outstanding.
Very wisely, more stuff cooked in to placate an increasingly irritated
taxpaying public and demonstrate that this deal is not 'for free':
- C's obligation to reduce its divdend to $0.01. It will be seen on Monday how this affects C's commons. Considering that the rationalization for the steep plunge through the last trading sessions was primarily due to concerns of solvency with no expectation that the yield be maintained, I don't imagine this should negatively impact the share price too much. In terms of net impact, it should be negative clearly, but overall much of the price depression was a bet placed on the solvency question.
- An interesting throw-in was the 10-year warrant for $2.7B @ $10.61/share. A fairly transparent attempt to elevate C's share price, it will likely yield some positive impact to C's common, but probably by not much. But it does offer the very clear message that USG will not hesitate to profit heartily by offering its assistance.
- Place executive compensation under oversight by the USG. Nothing new from the TARP.
Overall, I think that the terms in this package appear to have been thought out a bit better and though the terms are less attractive than with the original TARP, its impact is comprehensive and far clearer. My guess is that this will likely remove any remaining doubt as to C's short and long-term solvency.
Apple vs. Microsoft Vista: The Ad Budget Wars
Microsoft is being treated unfairly if people are clamoring for them to fix a bad product, but they spend the money on advertising instead.
The only way a large advertising campaign is effective is if the message is backed up by reality.
Draw your own conclusions.
Why Yahoo Finance Is Wrong About Buffett
Fixed your own flawed story, and figure out who is really at fault. And to think Seeking Alpha publishes such poorly researched material!
How Good Are Online Financial Services at Marketing?