Semiconductor is starting to turn around. We supply the industry and for the past 4-5 weeks 2009 orders that were pushed out or cancelled at the end of '08 have been brought back to original ship dates (or sooner) and cancelled orders have been re-placed (in many cases for more product). For sure many companies will go under or be bought out but in general things do seem to be picking up some.
Any particular ones you are watching?
I have Cisco, Intel, Nvidia and the PSI index. I keep watching National Semi and Applied Materials seeing fantastic outlook for them, but I keep holding off because the P/E is high for me and there may be better prospects out there.
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"With a coach and a player, sometimes there's just so much respect there that it's boils over"
-Taylor Hall
It'll be a little weird to have the poster vehicle of the US Army be Chinese owned won't it? I know that AM General owns the rights to the H1 but still....
I haven't dug into the Concrete Equities thing too much, but from what I did hear, didn't they sell limitied partnerships in real estate ventures and now 4 or 5 of those ventures have declared bankruptcy? So it isn't Concrete Equities that went bankrupt, just a bunch of the buildings they controlled.
Not that this is "better" more to make people aware that Concrete Equities is still around.
The limited partners voted to remove Concrete Equities as the General Partner for those buildings. They were being horribly mismanaged. A building with positive cash flow was about to foreclose because the mortgage was called and they couldn't get a new one. Other buildings had mortgages taken out at 59% and 40%. I'm not making those numbers up. I didn't even know you could get loans that brutal.
Concrete Equities was in the process of selling all these buildings to a local slum lord, Riaz Mamdani (his company is Strategic Acquisitions), who has been involved in fraud investigations in the past. The details of the sale would somehow change the limited partnership arrangement and make people personally liable for the buildings. The Concrete Equities guys had past ties with Mamdani, and the whole deal was very suspicious.
If they were removed as General Partner, it meant the sale couldn't go through. They filed for for bankruptcy protection to block this move. They haven't released financials in some cases for 3 years I believe and the whole thing is a pretty giant stinking mess. I hope these guys end up in jail and broke from the legal proceedings and law suits that will hopefully follow.
The limited partners voted to remove Concrete Equities as the General Partner for those buildings. They were being horribly mismanaged. A building with positive cash flow was about to foreclose because the mortgage was called and they couldn't get a new one. Other buildings had mortgages taken out at 59% and 40%. I'm not making those numbers up. I didn't even know you could get loans that brutal.
Concrete Equities was in the process of selling all these buildings to a local slum lord, Riaz Mamdani (his company is Strategic Acquisitions), who has been involved in fraud investigations in the past. The details of the sale would somehow change the limited partnership arrangement and make people personally liable for the buildings. The Concrete Equities guys had past ties with Mamdani, and the whole deal was very suspicious.
If they were removed as General Partner, it meant the sale couldn't go through. They filed for for bankruptcy protection to block this move. They haven't released financials in some cases for 3 years I believe and the whole thing is a pretty giant stinking mess. I hope these guys end up in jail and broke from the legal proceedings and law suits that will hopefully follow.
So basically Concrete Equities = Jerry Moyes and Strategic Acquisitions = Jim Balsillie, making the LP's = Gary Bettman???
hulkrogan knows of someone who was hanging out with one of the execs and had to do thorough research to demonstrate what a scum bag he is
Luckily I invested my money in a car and parts for it last year. Surprisingly I think my depreciating asset has been a better investment than many things I saw people buy into.
I definitely know if I hear about an investment through radio commercials that I'll stay away.
Damn, you wouldn't have been able to live that down, especially after the lottery is a tax for dummies thing.
So a girl dumped you for Vinny ######bag and you had to uncover his ######baggery to win her back?
Naw, if I was after the girl I would have just borrowed a bunch of money from people promising I'd pay them 20% interest, buy an exotic car, then forclose on my assets once I got laid.
New Rule: In the upcoming sequel to "Wall Street," "Wall Street 2: In Search of Curly's Gold Card," Gordon Gekko must say, "On second thought, greed isn't good." In fact, it's the common thread that runs through all of the problems this country faces, from financial meltdown, to health care, to climate change. Americans will do anything to each other for money.
Now, here in L.A., we've been having a little problem lately with hospitals dumping patients who don't have coverage on the street, on Skid Row. Who acts like this? Everybody doesn't act this way. This wouldn't happen in Sweden. Because they're just not as obsessed with money. I can't imagine Abba putting out a record called "Get Rich or Die Tryin'."
Now, here in L.A., we've been having a little problem lately with hospitals dumping patients who don't have coverage on the street, on Skid Row. Who acts like this? Everybody doesn't act this way. This wouldn't happen in Sweden. Because they're just not as obsessed with money. I can't imagine Abba putting out a record called "Get Rich or Die Tryin'."
I was just watching that episode and wondering how Bill forgot that one of Abba's biggest hits was 'Money Money Money'
Quote:
Money, money, money
Must be funny
In the rich mans world
Money, money, money
Always sunny
In the rich mans world
Aha-ahaaa
All the things I could do
If I had a little money
Its a rich mans world
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Thought I'd bump this instead of posting in the US dollar thread.
There are a few opinions floating around that we're in for another dip in the economy. I've been following a few stocks the last year, and I simply cannot believe the meteoric rise in some of them.....Goldman Sachs, Daimler Chrysler to name a few....these are companies that were on the verge of bankruptcy and are now up and trading at levels close to last summer???? WTF????
Call me pessimistic, but does anyone else think this is really weird? Are we free and clear, or are these companies just grossly overvalued right now?
Thought I'd bump this instead of posting in the US dollar thread.
There are a few opinions floating around that we're in for another dip in the economy. I've been following a few stocks the last year, and I simply cannot believe the meteoric rise in some of them.....Goldman Sachs, Daimler Chrysler to name a few....these are companies that were on the verge of bankruptcy and are now up and trading at levels close to last summer???? WTF????
Call me pessimistic, but does anyone else think this is really weird? Are we free and clear, or are these companies just grossly overvalued right now?
Thought I'd bump this instead of posting in the US dollar thread.
There are a few opinions floating around that we're in for another dip in the economy. I've been following a few stocks the last year, and I simply cannot believe the meteoric rise in some of them.....Goldman Sachs, Daimler Chrysler to name a few....these are companies that were on the verge of bankruptcy and are now up and trading at levels close to last summer???? WTF????
Call me pessimistic, but does anyone else think this is really weird? Are we free and clear, or are these companies just grossly overvalued right now?
As I mentioned in the dollar thread I think people are jumping on the "recession is over" boat a little too quick. As was mentioned it seems as though the markets are a somewhat of a mind boggler as it continues to rise while the volumes, usually associated with rising markets, just don't seem to be there yet.
I have a few friends in the industry and they are hesitant to put to much into it because they do honestly feel that what we are seeing is short term and won't last.
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Well to me it really depends on what kind of investments you are looking at. I've bought stocks this summer that are enormously underpriced. I also plan to hold those forever, or approximately that long, so if the markets do take a dive I'll buy more.
If you're investing in index funds though you have some decisions to make. Clearly you're investing there for the thrill of the average return, nothing more and nothing less...while that is fine when the markets are rising you might not enjoy the ride down as much. No one really knows whether the markets will drop, but a lot of people seem to think we've gone too high too fast.
Well to me it really depends on what kind of investments you are looking at. I've bought stocks this summer that are enormously underpriced. I also plan to hold those forever, or approximately that long, so if the markets do take a dive I'll buy more.
If you're investing in index funds though you have some decisions to make. Clearly you're investing there for the thrill of the average return, nothing more and nothing less...while that is fine when the markets are rising you might not enjoy the ride down as much. No one really knows whether the markets will drop, but a lot of people seem to think we've gone too high too fast.
If you take the TSX for example the recovery has actually been steady. Relatively speaking it hasn't been too high too fast. Look at a 1 year chart http://investdb.theglobeandmail.com/..._listing=TSX-I The market obviously has a long way to go to get back to where it was 1 year ago. It is a slow and steady climb up the wall of worry...
If you take the TSX for example the recovery has actually been steady. Relatively speaking it hasn't been too high too fast. Look at a 1 year chart http://investdb.theglobeandmail.com/..._listing=TSX-I The market obviously has a long way to go to get back to where it was 1 year ago. It is a slow and steady climb up the wall of worry...
What do you have to say about the earnings that are not as high as they should be to justify some of the share prices (not all), consumer spending that is not as high as it could be (when you take gasoline out of the picture) and the low volumes in general? Not trying to say that we are doomed here, just curious as to your thoughts.
What do you have to say about the earnings that are not as high as they should be to justify some of the share prices (not all), consumer spending that is not as high as it could be (when you take gasoline out of the picture) and the low volumes in general? Not trying to say that we are doomed here, just curious as to your thoughts.
I think that the next 16 months will be filled with good and bad news (wall of worry) and there will be some bad months for sure but the overall trend will take the markets higher. The world recession is basically over and the world needs food, fertilizer and fuel so here in Canada things shape up nicely going forward....Likely some volatile times ahead in September and October but that is nothing new....use it as a buying opportunity....
