DrBenway

Total Rating:
+4 / -3

6 Comments

    • Tue Nov 11th 21:21 PM | Rating: +4 -3
      Commented on:
      Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?
      1. Steelmakers.
      2. Airlines.
      3. Auto-industry.

      Three worst perfmorming US industries in last 20 years. What is common? Unions!

      Let's stop pretending that unions played any positive role at any point of history. It is the productivity growth that improved the worker wages and work conditions. Most white-collar workers have no unions and have been doing just fine.
      If a GM worker gets paid 50% more than a Toyota worker, he has to be 50% more productive. I seriously doubt it is the case.
      I also find it hard to comprehend and outright offensive how someone thinks that a low-skilled assembly worker with at best high school education should get paid 60-70K. Isn't is what a minimum wage for?
      View article »
    • Sat Oct 18th 16:32 PM | Rating: 0 0
      Commented on:
      Fundamental Valuation: How Low Could We Go?
      Brett,
      Book value is an accounting term with a vague economic meaning. S&P 500 component mix is very different now from what it was 25 years ago, with many more software and services companies that are normally valued at many times their book value, also do not forget the effect of Fair Value and mark to market accounting rules that depress book values.

      Comparing historical book values is not the right way to compare the fair valuation of the companies. You also ignore much lower treasury yields today than they were in the 70s and 80s.
      View article »
    • Thu May 29th 18:03 PM | Rating: 0 0
      Commented on:
      The Bear Market Has Just Begun
      Ahhh..nothing as valuable as offering an opinion without doing any analysis...try to publish that offers some value next time supported by charts, figures, and facts...
      View article »
    • Thu Apr 10th 01:28 AM | Rating: 0 0
      Commented on:
      Jim Cramer's Mad Money Lightning Round, 4/7/08: No Way, Ebay
      I remember that this Lenin-look alike was dissing FRO last year. "High dividend must be a sign that company is in trouble". Not that he can remember anything past one week...Everyone can be wrong sometimes, but Cramer excelled in being wrong most of the time, as a matter of fact, his advice cannot even beat S&P average according to Barron's. Isn't there a site where his picks are usually losing to a chimp that picks stocks at random?

      Dear seekingalpha editor, how many times does James Cramer have to discredit himself before you remove his gibberish from this Web site? Shouldn't he syndicate to Oprah or something?
      View article »
    • Tue Mar 25th 13:08 PM | Rating: 0 0
      Commented on:
      The Russian Bear Awakens: A Global Macro View
      Oh great..now we know that US invaded Iraq because Saddam wanted to sell oil denominated in Euros...thanks for enlightening us!

      Just because Putin replaced Yeltsin's gangsters with his own gangsters (of ex-KGB kind) does not make Russia less corrupt. As a matter of fact, check out en.wikipedia.org/wiki/....

      Russia has steadily slipped every year in the rankings and catching up quickly to such bastions of honesty as Nigeria (hey still 0.1 ahead!)...

      Russia will still go as far as Oil and commodities prices go and has no other industry that is growing outside of the service sector.

      While I think short-term Russia is a good investment (just valuation-based it seems cheaper than other emerging markets), long-term prospects are dim. Population is rapidly aging, the population is very poor outside of a few large cities and oil producing centers, private enterprise is being nationalized...

      Dear Paul, please do some research before writing your Communist manifesto...

      P.S. I have lived in Russia most of my life...
      View article »
    • Tue Aug 21st 00:20 AM | Rating: 0 0
      Commented on:
      In Defense of Jim Cramer
      A lot of naive novice investors bought stocks on his advice. They have a short memory or were not around long enough to remember how he touted Global Crossing, AOL, Priceline, and other junk in the good old dot.com days.

      Some take him absolutely for the face value - "he is a professional", "he knows what he is doing", "my money is safe", "he has written books"...

      I saw a lot of message posts on Yahoo from suckers who bought Downey Financial mortgage lender after Cramer said that Washington Mutual would be IDIOTS (the exact quote) not to buy it at $100 a share (around $70 back then) just a few weeks ago...Now it trades at around $45-$50...It is not just a bad pick that ticks me off, every investor makes fair share of mistakes - it is his cavalier way of dispensing investing advice after "BUY", "BUY", "BUY", "SELL", "SELL", "SELL", "BOYAH!!!"

      I hope there is a special place in Hell for psychics, tele-evangelists, Jim Cramers, sub-prime mortgage brokers, and other BS artists that prey upon feeble-minded and cause them to lose their livelihoods while preaching helping "an average folk"...


      P.S. And I do not buy this "I am a journalist" BS. He used to be a hedge-fund manager; this is his claim to fame, not news reporting... he knows that he is causing harm, he just doesn't care..
      View article »
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