Actually I did look into them which is how I determined that you are making up stuff to support your hateful agenda. What did you think 0-for-2 meant?
Actually I did look into them which is how I determined that you are making up stuff to support your hateful agenda. What did you think 0-for-2 meant?
K5 detector wrote:
Actually I did look into them which is how I determined that you are making up stuff to support your hateful agenda. What did you think 0-for-2 meant?
Boston Business Journal:
David Kraft, Robert Kraft’s youngest son, is fighting a move by his father’s trustee, Richard Morse, to shift the assets of the family trust into a new trust. The trustee just received a green light from the Supreme Judicial Court to move ahead with the shift, known in estate law as “decanting.†But David Kraft believes this move could just make it harder to access his piece of the pie. I interviewed David Kraft after the July 29 SJC ruling, for a story in this week’s Boston Business Journal about the father-and-son rift. (BBJ subscribers can read the full story here.)
Robert Kraft runs the Kraft Group, a Foxborough-based family empire that includes the New England Patriots, International Forest Products, Rand-Whitney, the New England Revolution, the Patriot Place shopping center, and a number of private equity ventures.
David Kraft had worked at The Kraft Group, the family empire that includes the New England Patriots. He left the company last fall, apparently amid a dispute with his father. He subsequently hired a law firm to pursue his portion of the trust, set up in 1982 by Robert and the late Myra Kraft to benefit their four sons. David Kraft tells me that he was surprised to hear that the case was before the SJC. He says family members and lawyers met to discuss the trust in the spring of 2012, around the time the decanting request was filed with the SJC. But David Kraft says he was not given a good idea about what was happening with his trust, and he now worries that it could be even harder to access any of his funds. David Kraft's lawyer, Greg Aceto, tells me his client is prepared to file a lawsuit, if necessary, to stop the decanting.
It’s not clear how much money is involved here: The court documents make no reference to actual numbers. But David Kraft’s share of the family trust could be significant: In February, Forbes estimated his father’s net worth to be $2.3 billion
Fortune Magazine:
In 1968, Kraft acquired 50 percent of Rand-Whitney through a leveraged buyout. ... Ultimately, Kraft won a hostile takeover that had ended up in court.
Thanks for finally admitting the truth. There may be hope for you yet.
Why don't all you chumps who play the stock market, take all your money and go to Vegas... your chances are about the same... slim and none, and slim is on vacation.
Truth not Hasbara wrote:
Pointing Out the Obvious wrote:Somehow I don't remember asking a question.
And you are still so full of shit.
1. I was responding to someone else's question dumba$$. You decided to insert yourself into the discussion with your obscenity.
2. You have no idea how much money I have made in the past two plus years, have no facts whatsoever but have 100% certainty that you know what I made. Hence, you are a dumba$$.
It is very easy to recognize someone who is full of shit.
And you are totally full of shit.
Pointing Out the Obvious wrote:
Truth not Hasbara wrote:1. I was responding to someone else's question dumba$$. You decided to insert yourself into the discussion with your obscenity.
2. You have no idea how much money I have made in the past two plus years, have no facts whatsoever but have 100% certainty that you know what I made. Hence, you are a dumba$$.
It is very easy to recognize someone who is full of shit.
And you are totally full of shit.
If you are going to be so whiny and sensitive, maybe you ought to not be so nasty. You poor SOB
[quote]K5 detector wrote:
Thanks for finally admitting the truth. There may be hope for you yet.[/quote
What's the matter detector? Too small a person to admit you were wrong?
But I wasn't wrong. You proved it. Thanks again.
Back to the stock market. Again an attempt to cross or hold the S&P 500 2100 level has been rejected.
Ghost of Igloi wrote:
Back to the stock market. Again an attempt to cross or hold the S&P 500 2100 level has been rejected.
yeah, market's gone nowhere since November 2014 - tough sledding.
Weird disconnect between the sluggishness of the stock markets and the building or at least steady-eddy economic momentum in the US and Europe.
I know Igy doesn't see that improvement or steadiness but it's there.
Anyway, maybe with the new year mindsets may change and traders may get aggressive again. I suspect 2015 was very brutal to traders and they might not want to get stung again by a big bet. Probably just sitting on their cash trying not to get punched again.
Many got crushed AGAIN by the skyrocketing Euro last week, after numerous other terrible calls like Valeant.
agip,
I just don't see the growth to support current market valuations. On the other hand you see stocks that got ahead of themselves subject to re-rating on poor or less optimistic news, think: CMG, VRX, GPRO, BWLD, SSYS, and ILMN to name a few. I suspect the rich valuation of NFLX, FB, and AMZN will get significant PE compression in the near term. Why? That is how markets work. GOOGL will be subject to less dramatic re-rating because of its market cap and less extreme valuation. Similar to INTC versus JDSU during the Tech Bubble.
In regards to traders, most of them are 20 or 30 somethings with no fear or common sense. So, I would not take any que from them. I would more inclined to listen to a old common sense guy with grey hair and a few battle scars.
Igy
Increasing revenues drive the high valuations for at least some of those companies. That's how these things work.
Ghost of Igloi wrote:
agip,
I just don't see the growth to support current market valuations. On the other hand you see stocks that got ahead of themselves subject to re-rating on poor or less optimistic news, think: CMG, VRX, GPRO, BWLD, SSYS, and ILMN to name a few. I suspect the rich valuation of NFLX, FB, and AMZN will get significant PE compression in the near term. Why? That is how markets work. GOOGL will be subject to less dramatic re-rating because of its market cap and less extreme valuation. Similar to INTC versus JDSU during the Tech Bubble.
In regards to traders, most of them are 20 or 30 somethings with no fear or common sense. So, I would not take any que from them. I would more inclined to listen to a old common sense guy with grey hair and a few battle scars.
Igy
well, using valuation to make short term investment decisions is just gambling -Mr Market does not care *this year* if a stock has a PE of 17 or 22. It can take 5-10 years for valuation bets to work. Meanwhile the market could double.
When I say traders, I mean hedge funds too - that's the marginal dollar - John Q Public doesn't barrel in and out - these 5% moves in the market are all hedge funds and traders futzing around. It's just noise.
But
agip and Big Dog,
Of course I disagree on valuations. The market has proven two times over the last fifteen years that valuations mean revert.
We will see.
Igy
Rising loan deliquencies and charge offs: http://www.acting-man.com/?p=41924
Was that true even for the companies with increasing revenues? Can you provide some specific historical examples?
Big Dog,
No, not an issue. The sins of companies with increasing revenue is buying back stock at rising prices and financing with debt issuance. The bonds will come due at some point and the debt must be repaid. All is fine if interest rates stay low, profits remain steady and the stock price doesn't fall dramatically. A lot of "ifs" in my opinion.
Here is an article on recent junk bond loses and bond guru Jeffrey Gundlach's view of pending Fed rate hike. I find Gundlach's views to be one of the more interesting "takes" on the market.
Igy
Of course, it's also possible that revenues are rising because business is good.
It is also possible revenues have peaked and will begin falling.