Vegasjoe

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    • Sun Nov 23rd 19:59 PM
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      Buffett's Gamble: $40 Billion Bet on Volatility
      Buffett is statistically dead according to most mortality tables by 2019. So, maybe the next CEO will go to Wall Street, bake up some tranches of this CDS crap, and sell it with a shit eating grin to governments and sovereign wealth funds all over the world.
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    • Mon Nov 17th 14:33 PM
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      Memo to Warren: AmEx Preferred at 15%, Warrants at $12
      So the Amex wide moat has a huge leak?
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    • Thu Oct 9th 07:02 AM
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      @VIC: Leon Cooperman on "The Investing Climate & All-Weather Stocks"
      The VIC virus caught ATLS; stock down 20%+ since recommendation.
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    • Mon Sep 8th 10:38 AM
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      Short Financial ETFs: Watch Out for the Fannie/Freddie Effect
      How do you sell on Sunday? SKF is a buy now on Monday since it is way down; gov't has finished all socialism for now unless we become Venezuela, which is possible.
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    • Mon Sep 8th 10:30 AM
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      Is Wachovia the Worst Run Bank in America?
      Good insight here on Wachovia: pretty well sums it all up. Remember, it really is First Union, just the jersey changed to protect the guilty when they merged/bought Wachovia, tearing up the CEO's (Baker) severance/retirement package in the 11th hour of the deal and doubling it to get the deal done. Sad thing is that many employees who have been long and loyal may lose their jobs. Many retirees who thought blue blood Wachovia was a safe, sleep-at-night, dividend paying value stock, have lost their shirts. That Enron killed SIV activity for all but banks is pathetic and speaks to the strength of the bank lobby in DC. Lastly, much of the dead real estate loans of Golden West is in non-recourse states, like California. I guess some poor old unsophisticated North Carolina bankers got taken to the woodshed in this deal! Thompson is no Hugh McColl, or Ken Lewis, for that matter.
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    • Sun Aug 31st 15:33 PM
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      Barron's Bets on Prudential
      AIG is now a wounded duck in the core life insurance business, where annuity and life insurance purchase decisions are heavily weighted on financial ratings. Pru, conversely, has the best VA on the strreet, with the best living benefits guaranteeing income for life. Hands down for PRU. AIG's big spin-off news on 09/25/08 make it an interesting speculation.
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    • Sun Aug 24th 20:22 PM
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      Schlumberger: The Switzerland of Oil
      SLB can deal with the devil very well, as in Chavez, Putin, etc....who cares! They are a very legit way to play the Satan oilfields. RIG is a homerun. tomorrow, not today! CNQ as well. Suncor! et al....
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    • Sun Aug 10th 05:22 AM
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      Capital Bank: The Baby That Went Out with the Bathwater
      Capital Bank's Board screwed up years ago when pigging out on all loans real estate! Maybe they learnd a thing or two that enabled them to avoid this credit dislocation? Truly, they are not a business bank like Paragon or are they? What is their market for loans, if not developers? Big Business in RTP tends to avoid small banks. How do they contrast to Cresent State Bank, Carolina Bank, etc....?
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    • Sun Aug 10th 05:16 AM
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      AIG: Willumstad's Hard Choice
      As Barron's also reported, AIG is a sum of the parts break up story. At $26, the parts are very undervalued. Expect 09/25 news of spin-offs and sales of various units.
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    • Sun Aug 10th 04:56 AM
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      A Continued Short Case for Automobile Finance Companies
      GMAC debt yields 20%+ so what is that saying? Screaming steal or looming bankruptcy?
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    • Mon Aug 4th 05:15 AM
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      Lawrence Lindsey's Angry Fannie/Freddie WSJ Editorial
      All of the Hawks, especially Greenspan, have become incredibly articulate since leaving government service. In the Greenspan era, many wonks on CNBC and elsewhere would decipher his musings before Congress as if they were interpreting the Bible Code. Many also forget Greenspan once worked for Charles Keating of S&L failure fame. Much of the fighting seems to be a struggle to ward off the welfare state slide our country has fallen into.
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    • Mon Aug 4th 05:05 AM
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      S&P 500's Best and Worst Net Income Change
      So what is the point of this? Buy the dogs and sell the companies with real earnings? Many of the financials will never recover in share price for two reasons, namely, there ability to lever the balance sheet and party in SIV land is over, and exisiting shareholders in most cases have been diluted into oblivion.
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    • Thu Jul 31st 03:28 AM
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      Credit Cards Are Feeling the Crunch
      I am on the Seabourn Legend in Monaco; today in Cannes. There is no shortage of spending going on, on ship and off. Media whiners want to depress us all. Our boat is almost all US citizens and although our dollar is weak, many still spend Euro 250 for lunch or dinner in port. Monte Carlo casino was a snobbish joke of a spectacle: 10 Euro to get it, 16 Euro for a glass of champagne, etc...no shortage of Russian mob and their high priced hookers.
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    • Tue Jul 29th 11:54 AM
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      More of the Same
      Maybe the Arab sovereign funds will buy them all out and dilute all US shareholders into oblivion?
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    • Sat Jul 19th 17:35 PM
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      Energen: Analysts Continue to Upgrade Projections
      What the heck does SOL have to do with EGN? Stock pumpers go away!
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