Archive for April, 2009
Apple reported $8.16 billion in revenue vs. $7.96 billion estimate and $1.33 EPS vs. $1.09 estimate. Gross margin was 36.4% and international sales were 46% of revenue. Non-GAAP adjusted numbers were $9.06 billion in revenue and $1.84 in EPS. Q3 guidance, June quarter, $7.7-7.9 billion in revenue vs. $8.28 billion estimate and 95c-$1.00 EPS [...]
The situation for Capital One customers keeps getting worse and worse. What’s in your wallet? The stock actually rallied last week off American Express up-tick in March credit card data, even though Capital One filed a down-tick for March the day before. Go figure. Source
Economic deterioration continued at a rapid pace during the first [...]
Sandisk reported a loss of -48c and revenue of $659 million vs. estimates of -76c and $537 million. The company also raised guidance for next quarter to $650-$725 million vs. $570 million estimate.
CEO Eli Harari was much more positive on the call than last quarter. He said demand was stronger than expected and [...]
Jim Rogers on Glenn Beck - March 4th , 2009
by thejimrogers
-Things are going to get worse
-2 years from now: lot more unemployment, more bankruptcies, civil unrest
-Main problem is Greenspan and Federal government would not let the market work. If he let Long-Term Capital Management go under, we would not have the problems now. [...]
-Tangible ratios could actually be better. Avoid putting up shorts here
-”Be careful pressing shorts here” into Q1 earnings reports
-We don’t get out of woods fundamentally till mid-2010, but that doesn’t mean you don’t get 90 degree trading opportunities
-This quarter is going to look stronger, perhaps private money comes in on additional capital raises
-”So if [...]
John Paulson keeps killing it. He nailed 2007, nailed 2008 +37.6% net, and it looks like he’s nailed the reversal in 2009. You would think with the massive short squeeze in March where banks up 16% and his huge battleship sized AUM of $29 billion, Paulson would get hit. Nope. It’s [...]
What a shocker, she’s still negative on financials. However she does say on a pull-back, you can buy some of the smaller non-TARP banks. Interestingly this is the first time I heard her touch on the impending implosion of state and municipal budgets. Source
So, one key variable in evaluating your mortgage, what your [...]
Great piece in Forbes about a banker, Andy Beal, who has been playing his cards right. I actually saw him in the back part of the Bellagio poker room a few years back, when he was killing professional poker players at their own game. Now his opponents are the FDIC and large dumb [...]
-”Financial results were weak in absolute terms (but fairly good in relative terms), reflection terrible market conditions, I believe - and I hope you agree - that this year may have been one of our finest”
-”As we prepare for a very tough 2009, with most signs pointing to continued deterioration of the economy”
-Earned $6 billion [...]
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; [...]