We're buying another 500 SKX at $$23.58
Aug 2016
|
08-02-2016, 11:50 PM
08-02-2016, 11:52 PM
The company has a sound balance sheet with $600M in net cash and cash generating to the tune of $100M+ Yes, growth in domestic sales came to a halt but that could be a one-off as there were some issues, and internationally, the company keeps growing fast.
08-02-2016, 11:57 PM
Ellie Mae (ELLI) just did a rights issue which dilutes the outstanding shares by up to 10%, just when we published an article (here)
08-03-2016, 01:47 AM
The IMF has been badly wrong about Greece: The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. IMF admits disastrous love affair with the euro and apologises for the immolation of Greece We have reasons to feel vindicated with our multiple takes on the eurocrisis (see for instance here for a summary) Sketchers is now at a p/e of 12 (10 if you consider the fact that they have net cash of $600M) and an RSI of 24, the stock has been going down for 9 straight sessions and the stock is valued if all growth has come to a halt. Internationally, they're still growing at a 30% clip.
08-04-2016, 02:57 AM
Little bounce in Sketchers, this was getting crazy:
The price really belongs in the $25-$30 range.
08-04-2016, 10:41 PM
Market strength surprising you as it is surprising us? It's all about Japan.. TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, posed an interesting question on CNBC's "Mad Dash" segment: "Why is the market so strong? What is the bid underneath?" That bid, he said, is Japan. "It's just crazy," Cramer said, citing a Real Money research report by James Gentile. The Government Investment Pension Fund of Japan has taken in some cases enormous stakes in individual U.S. companies. The list includes $2 billion worth of General Electric (GE) stock, $1.5 billion in Alphabet (GOOGL) , $100 million in Whirlpool (WHR) , $180 million in Eaton (ETN) and $150 million in Roper Technologies (ROP) . Jim Cramer -- Current Market Strength Reportedly Made in Japan - TheStreet
08-11-2016, 11:11 PM
Something necessary, although still really not anywhere near on the scale that is required: Bad-loan deals in Europe this year have already surpassed 2015’s total, driven by Italian banks’ efforts to clean up balance sheets, according to Deloitte LLP. Lenders agreed to 112 billion euros ($125 billion) of sales in the first six months of the year, compared with 104.3 billion euros for all of last year, the company said in a statement. The estimates cover completed and on-going sales of non-performing loans and non-core assets. Loan sales in Italy totaled 11.4 billion euros in the first half, with another 40.6 billion euros of deals underway, Deloitte said. The nation’s government has acted to help banks tackle nonperforming debts totaling about 360 billion euros in a bid to revive lending and economic growth. Bad-Loan Deals Surge in Europe as Italian Banks Clean Up Assets - Bloomberg
08-13-2016, 11:20 PM
We're keeping a keen eye on stuff like this, things are happening fast, and will have big consequences: The world's next energy revolution is probably no more than five or ten years away. Cutting-edge research into cheap and clean forms of electricity storage is moving so fast that we may never again need to build 20th Century power plants in this country, let alone a nuclear white elephant such as Hinkley Point. The US Energy Department is funding 75 projects developing electricity storage, mobilizing teams of scientists at Harvard, MIT, Stanford, and the elite Lawrence Livermore and Oak Ridge labs in a bid for what it calls the 'Holy Grail' of energy policy. Holy Grail of energy policy in sight as battery technology smashes the old order China has installed 20 gigawatts of new solar power just in the first half of this year. This achievement beats analysts’ expectations by a wide margin. China wants to add 20 GW of new solar every year for the next four, but apparently could do twice that. At the end of 2015, China had about 40 gigawatts of installed solar power, so in just six months it has added half as much again. It already surpasses the previous solar champ, Germany. 6 Signs The Big Global Switch To Solar Has Already Begun | OilPrice.com The Crescent Dunes “concentrating solar power” plant in Nevada, operated by a Santa Monica firm, is using molten salt as a battery so that it can generate electricity 24/7. It is the first such plant to use solar energy to melt the salt directly instead of via oil, which is a huge advance in efficiency. All electricity plants are just a way to turn turbines using boiling water. If you can turn the turbines with molten salt heated hours ago by the sun, then you can make electricity all day and all night. The Crescent Dunes plant can power 75,000 homes. All those critics of solar power who maintain that it needs gas or nuclear for baseload generation when it is dark or very overcast can now find some other talking point. Solar can do it all. Concentrating solar power costs as little as 10 cents a kilowatt hour, making it competitive with nuclear both in cost and in non-intermittency. Photovoltaic cells plus battery storage may ultimately be cheaper but this means that at the very least we have a relatively inexpensive solar technology that isn’t intermittent. 6 Signs The Big Global Switch To Solar Has Already Begun | OilPrice.com
08-14-2016, 01:41 AM
When are economic models useful? When they make interesting predictions that pan out, according to Krugman. On that score, the workhorses of macro economics (the DSGE models) do not fare very well, but old-fashioned ISLM model did make a few notable predictions that are highly counter-intuitive, and these have panned out. The answer, I’d suggest, is that we look for surprising successful predictions. General relativity got its big boost when light did, in fact, bend as predicted. The theory of a natural rate of unemployment got a big boost when the Phillips curve turned into clockwise spirals, as predicted, during the stagflation of the 1970s. So has there been anything like that in recent years? Yes: economists who knew and still took seriously good old-fashioned Hicksian IS-LM type analysis made some strong predictions after the financial crisis that were very much at odds with what lay commentators, and quite a few economists, were saying. They – OK, we – declared that with interest rates near zero massive increases in the monetary base would not cause high inflation, that large budget deficits would not drive interest rates up or crowd out private investment, and that fiscal multipliers would be positive, in fact more than one, and would be considerably larger than estimates based on non-liquidity-trap episodes suggested. And all of that came to pass. Those of us who knew our Hicks, directly or indirectly, seem to have had a real advantage over those who didn’t. Can you say anything comparable about DSGE? Were there any interesting predictions from DSGE models that were validated by events? If there were, I’m not aware of it. Yet even while failing to offer any measurable gains in insight, DSGE had the effect of crowding out the stuff that actually did work. The state of Macro is sad by Paul Krugman - The New York Times |
« Next Oldest | Next Newest »
|
Users browsing this thread: 2 Guest(s)