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petergrt

petergrt
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  • China: Crashing Economic Data Creates Great Investment Opportunity [View article]
    The government has to keep the people happy - millions of Chinese have seen their standard of living improve dramatically over the past couple of decades, and they have gotten used to it, so any major slow-down could bring about social unrest, and etc.

    Apart of the US government, the Chinese have the money to spend. A lot of money to spend without turning on the money printing presses, and they have demonstrated the willingness to open the floodgates of fresh $$ for infrastructure but also to support the domestic consumption, which should at least in part replace the reductions in demand emanating from Europe and the US.

    Therefore, the economic growth is being projected at 8.1% as opposed to 8.7% a few months ago - hardly a contraction . . .
    Having had some direct experience with the Chinese businessmen, I find the authors thesis that the recent defaults on deliveries of row materials more a matter of posturing for negotiations rather than the result of a 'severe slowdown'. very plausible, if not outright probable.

    That said, many equities that derive large portions of their profits from delivering raw materials to China, are grossly oversold. My favored is VALE.
    May 25 02:56 PM | Likes Like |Link to Comment
  • Has Research In Motion Become A Bargain? [View article]
    Why do you need a 'smartphone' . . . . .?
    May 25 02:49 AM | Likes Like |Link to Comment
  • Has Research In Motion Become A Bargain? [View article]
    Actually no.

    The Playbook essentially uses the QNX / BB10, and it indeed can run circles around the iOS and Android.
    May 25 02:48 AM | Likes Like |Link to Comment
  • Is It Worth Taking The Leap Into RIMM? [View article]
    With the stock having lost over 80% of its value, in a relatively short period of time, how come the short interest is only at 11.5% ?

    Ordinarily, when you see this kind of rapid decline the short interest is at lease 25% . . . .This is even more interesting, given the fact that about 40% of the stock are held by insiders, and no reported sales there, nor purchases for that matter.
    May 25 02:02 AM | Likes Like |Link to Comment
  • Warren Buffett'S Q1 Stock Picks [View article]
    What about his purchase of 20 million of GM stock?
    May 21 02:47 AM | Likes Like |Link to Comment
  • Why Investors Are Skeptical About GM's Long-Term Prospects [View article]
    Actually, GM owes the Government $0.00.

    In fact, they were 'given' the right to write off about $45 billion against their future tax obligation.

    They have commenced negotiations with the UAW to buy out their pension obligations, similar to what Ford has done.
    May 18 01:02 PM | Likes Like |Link to Comment
  • Why Investors Are Skeptical About GM's Long-Term Prospects [View article]
    And I almost forgot the about $45 billion in future tax write-offs . . . .
    _____________________
    I am very long on GM
    May 18 12:29 AM | Likes Like |Link to Comment
  • Why Investors Are Skeptical About GM's Long-Term Prospects [View article]
    "As of Dec. 31, GM had
    • U.S. hourly retirees and dependents: 400,000
    • U.S. salaried retirees and dependents: 120,000
    • U.S. pension obligation: $108.6 billion
    • U.S. pension underfunding: $13.3 billion
    Source: General Motors

    As of March 31, GM had $32.1 billion of cash and marketable securities, according to a regulatory filing. That's up from $29.6 billion a year earlier and up from $23.5 billion two years earlier. "

    Above information is from Automotive News . . .

    The stock is down because it has been politicized . . . . . except for Europe, they are making money everywhere, and their new cars are near best in each respective class, particularly when compared to its American brethren.
    May 17 11:56 PM | 2 Likes Like |Link to Comment
  • Why Investors Are Selling GM Like Crazy [View article]
    The opinion is poooop, because it is based upon pooooop.

    But I can't wait until some of the GM bashers will point out that Warren Buffet bought $250 million of GM stock just help out his buddy - 0bama.

    Than again, I was always wondering why 0bama's real pals - the unions (in addition to the UAW), didn't by the GM stock.
    May 16 12:21 AM | 1 Like Like |Link to Comment
  • GM: Turbocharged By Subprime Under The Hood [View article]
    I am can't wait until some of the GM bashers will point out that Warren Buffet bought $250 million of GM stock just help out his buddy - 0bama.

    Than again, I was always wondering why 0bama's real pals - the unions (in addition to the UAW), didn't by the GM stock.
    May 16 12:19 AM | Likes Like |Link to Comment
  • GM: Turbocharged By Subprime Under The Hood [View article]
    A few months ago I was looking at a Chevy Traverse and I was offered 1.99% financing, and if my credit was stellar, I was told that I could get a 0% loan.

    Now, those are the kinds of loans that people with good credit would partake of. Loans at over 2.5%, not so much.

    It is my understanding that those subsidized loans are no longer being offered, which would explain the drop in the high-credit loans, while at the same time the increased operating profit margin, as those low interest loan costs have been reduced if not entirely eliminated.
    May 6 01:54 PM | Likes Like |Link to Comment
  • Annaly Q1 2012 - More Reasons To Go Short [View article]
    We need ainalists as this author, so as to depress the stock every-once in a while.

    I made more money selling puts of NLY than am I making in dividends holding a fairly sizable chunk of the stock.

    Thanks for the opportunities.
    May 5 11:34 PM | Likes Like |Link to Comment
  • GM: Turbocharged By Subprime Under The Hood [View article]
    Exactly!

    The more interesting number that people should take a note of is the profit margin rise from 5's to 7's . . . . that is 40% increase, if you want to play the percentage game.
    ______________________...
    I am very long on GM and have added a pile-more this Thursday.
    May 5 09:11 PM | Likes Like |Link to Comment
  • GM: Turbocharged By Subprime Under The Hood [View article]
    Another pile of poooooooop.

    Since interest on consumer loans is not tax deductible, most sales are cash. GM took in over 38 billion just the last garter, a tiny fraction of which was financed by GM. . . . .
    May 5 08:46 PM | 2 Likes Like |Link to Comment
  • General Motors: Earnings Beat But Potholes Still Abound [View article]
    "The future of General Motors was pegged on the Chevy Volt . . . . ."

    ?????

    That seems to be the popular myth - no wonder the stock is in a dumpster . . .
    May 3 07:18 PM | Likes Like |Link to Comment
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