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- True Religion Apparel, Inc. Q3 2008 (Qtr End 9/30/08) Earnings Call Transcript
- Corporate Office Properties Trust Q3 2008 (Qtr End 09/30/08) Earnings Call Transcript
- PNM Resources, Inc. Q3 2008 Earnings Call Transcript
- Primus Guaranty, Ltd.Q3 2008 Earnings Call Transcript
- Elizabeth Arden, Inc. F1Q09 (Quarter End 9/30/08) Earnings Call Transcript
- SkyWest, Inc. F3Q08 (Qtr End 09/30/2008) Earnings Call Transcript
- SRA International Inc. F1Q09 Earnings Call Transcript
- Syniverse Holdings Inc. Q3 2008 Earnings Call Transcript
- DealerTrack Q3 2008 Earnings Call Transcript
- Providence Service Corporation F3Q08 (Qtr End 09/30/2008) Earnings Call Transcript
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inthemoney
68 Comments
HP (HPQ) doubles its annual holiday shutdown from one week to two. "Shutting down during a period when many employees traditionally take vacation helps HP achieve operational savings and allows employees to enjoy more time with their families."
They are loosing their most talented employees with this kind of policies. In a couple of years the house of cards will come down, just like Dell.
Plus, they already laid off so many people in the last 2-3 years, the ones who left know perfectly well they could be laid off any minute. The company got no employee morale, jus like GM. Their marketing is very good, but the facade they present to the world is not going to save them forever. Without dedicated employees a company can never succeed.
Less Negativity, More Inflation
Credit worthy borrowers don't need anymore money, they are leveraged enough. You don't fix credit insolvency by pushing more credit on everybody.
The Autos and Mentality That Ruined Detroit
In the rest of the country one has to get good college education and at least 5 years of experience to make this kind of money. No wonder they are bankrupt.
Oil Breaks Below $60
Don't Follow the Wall Street Crowd - Prepare for Market Rollover
It is not about optimism/ pessimism, it is about accepting the pessimis and looking forward deciding what it is going to be, - inflation or deflation.
And don't tell me there aren't undervalued stocks. There are many trading at 5 P/E, where normal for them is 10P/E, and this is already on earnings adjusted downward.
You need to look a bit ahead, - may be 6 months from now,not what is happening today, to come up with a workable strategy.
However, most analyst are so used to their "toolbox", such as quant analysis and sentiment indicators, that they fail to see forest behind the trees.
The Shallowest Generation
Tax Cuts, Lower Oil Prices Will Boost Economy
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LOL. I agree completely.
Cheap Crude: A Flash in the (Oil) Pan
Equities: Where Are the Bears?
VIX is at 80. It means smart money is very bearish. Retailer investors pulled record amounts of money out of funds.
I think we dropped too far too fast. It is hard to be bearish at this level unless you are expecting a complete meltdown. What are chances of that? We are down more than 40% after all. Half of it in just 2 weeks. It is a suicide to go short at this point.
It is the same as with oil. First everybody was saying oil will go to $200. Now they are saying it will go down to $40-50. Where were all these people just 2 months ago? The truth is, they go no clue what is going on.
John Hussman: Depression Fear Mongering 'Ridiculous'
Actully, I think today's panic felt like a bottom. It is not often you see individual stocks go down 15-20% 3 days in a row.
I bought some stocks in the morning just to see them another 10% down at lunch. And they were already 30-40% down from last week. They recovered toward the close on yet another rumor. But I was impressed with how strong the panic was. People were basically throwing stocks overboards like they were ballast on a sinking ship.
The Die Is Cast
The official unemployment number is useless. There is another number that is more accurate, - labor force participation.
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The official unemployment rate only includes workers who are actively seeking a job. The labor force participation rate, which includes the number of working-aged people with jobs, fell slightly to 66.0%.
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Even if you assume that 10% of these people choose not to work because they have other means to provide for themselves( and that is a high number), then is still leaves 23% of people who need a job and don't have one.
Tuesday Overview: Confusion and Caution
I am russian and I can tell you that when rich hoard everything and forget to share with the poor it always ends in a disaster like a revolution or a depression. Give some thought to less fortunate, could you? We all will be better for it.
Hedge Funds Eat Their Young
Tuesday Overview: Confusion and Caution
Eliminating capital gains tax will only benefit top 1-2% of people who have significant investment income. These are not people who are forecloising on their homes are they? The benefit for the rest with 401K plans will be too small to notice. Especially since gains are deferred.
As much as I hate to pay capital gains, I hate income taxes even more. Why don't we eliminate income taxes so I can spend this money and inflate the wonderful economic balloon even further?
Be realistic, lower taxes are not cure for all, they are just one tool in a toolbox and it has been abused last few years already.
Banning Shorts Works in Fancy Restaurants, Not the Marketplace
You don't want shorting to be allowed ? Fine. Just warn about the change in advance. It is much easier to work on long side anyway because long-term the market is long biased. Lets all be happy and continue inflating the bubbles. I have no problem with that . I'll be careful to get out on time. Just don't cry wolf when the bubble pops again.