J. B. Wulff

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  • The Blue Chip Myth
    Who remembers the old "one decision" stocks? The market is ever the conundrum. It is always the same. It is always different. It runs in cycles and only the sure footed survive, some far better than others. There will always be Blue Chips. Only the names will change. Steam locomotives for the railroads were done in by diesels from GM. And the beat goes on...
    Dec 16 22:43 pm |Rating: 0 0 |Link to Comment |View article
  • UAW Pricing Itself Out of the Auto Market
    The UAW is so out of touch with reality while sadly in touch with politics. It's the only one at the table that won't do anything to help. The only way to get around them is via bankruptcy! Then the UAW will be forced to accept a more reasonable wage. Sadly, I'm afraid President Bush is going to reward their stubbornness.
    Dec 14 16:35 pm |Rating: +1 -1 |Link to Comment |View article
  • A Modest Proposal For The U.S. Auto Industry: Stop Building Cars
    There is more than enough blame to lay on government, unions, management, etc. The blame game never solves the problem. It just crucifies someone. The only way to solve the automobile problem is bankruptcy. The steel industry has gone through it. The airlines have gone through it twice. It's messy and it hurts. Many good people will have their lives messed up, but until everything gets "marked to market" in the auto industry there is no hope of a lasting solution. The horror stories of three million unemployed people if we go this way strains credibility. Car dealerships will close in some cases as they have been doing for years. People will still be buying cars. Successful dealerships will align with other vendors or hook up with whatever gets salvaged from the current jumble. In its better years, GM had a well organized offering of five lines of cars designed to meet the needs of various income segments of the buying public. Chevrolet was your entry level and Cadillac was the top. I expect that the current mishmash of models and features was the result of internal turf wars and the lack of solid leadership at the top. The contracts and benefits that are dragging the whole industry down came about in the huge post war boom. The industry was a gravy train and nobody thought about tomorrow. Packard, Studebaker, Nash, Hudson, Kaiser, Frazer, and Henry J vanished from the American road when they could no longer compete. The mourning period for them was not all that long. Henry Ford was the genius who mass produced an inexpensive car and raised the wages he paid his workers so that they could afford to buy them. American ingenuity has never let us down in the past and it won't now. Let's give it a real chance by having a banruptcy driven fire sale of the big three! We will be amazed what comes out the other side.
    Nov 30 20:53 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    By "bailing out" first the "Bear" and then the "Mac's" our dear, somewhat panic striken government is doing its best to avoid a financial collapse like 1929. Sadly, the financial people on Wall Street want to become addicted to the Washington printing press - the one that makes money out of thin air - instead of stepping up to the plate and working together to fix this mess. We need a repeat of the probably mythical banker who was able to stem a run on his bank by visibly wheeling a wheelbarrow full of money into the bank through the front door, repeatedly. It was always the same wheelbarrow. He went out the back door, circled around and came in again and again. The panic ended for his bank and it survived. Congress is no help whatsoever. Frank & Rangle are living proof of the Peter Principle. Our much maligned President, nervous about his legacy, does not want to be Hoover II. The titans of Wall Street need to simply announce that they believe Lehman Brothers will survive and that they will continue to trade with the firm and stand ready to help if necessary, period. Then the game will be over and the players will have to close out their bets/positions the best they can. Still, giving up cocaine is not easy.
    Sep 13 16:54 pm |Rating: 0 0 |Link to Comment |View article
  • Year to Date Performance of Dow 30 Members
    Long term investments in JNJ and XOM among others are especially rewarding when the dividend is considered. Currently my JNJ is yielding 8% and XOM is 6.5%. They are both in dividend reinvesting plans so my holdings are growing at that rate. What's not to like?
    Sep 03 16:28 pm |Rating: 0 0 |Link to Comment |View article
  • Crushed Unnecessarily - Cramer's Lightning Round (9/2/08)
    FCX is probably the most unappreciated stock on the NYSE. It has consistently delivered a nice dividend, often bought back its own shares, and its recent merger was a great deal for all. It has worked down its debt and maintained a good working relationship with Indonesia where its biggest mine is located. How far its price will fall during the current adjustment in commodities is hard to tell. The prudent investor knows he will not catch either the bottom or the top. Watch this one closely.
    Sep 03 16:17 pm |Rating: 0 0 |Link to Comment |View article
  • Why Morningstar Doesn't Understand JPMorgan
    The current difficulty in the financial world stems from the initial failure of the ratings gurus to correctly rate the risk of "new" investment vehicles. This situation has only been touched on briefly so far. Until confidence in the financial system is restored in the collective mind of the investing public - now a world wide entity - we will not begin to see the proverbial light at the end of the tunnel. JPM is doing its best to stand as an anchor for the financial system as its namesake founder did a century ago. This is one of those "If not here, where? If not now, when?" moments. (In the interest of accuracy, I have owned JPM for many years. I recently increased my investment. I am 66 years old, retired, and far from independently wealthy.)
    Aug 25 00:01 am |Rating: 0 0 |Link to Comment |View article

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