The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

[Almington]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Once again, Microsoft's late to the game: http://www.latimes.com/business/tec...noble-microsoft-deal-20120430,0,3805602.story

To me this was Microsoft's best option to get Windows 8 into the tablet market quickly with an established device ecosystem and retail space. Provided that Windows 8 doesn't Vista itself on launch, this could be a great move for only $300 million.

Another step in the slow and steady demise of B&N bu stripping off it's one remaining (semi) valuable asset. I'm trying to decide which big box Amazon kills off first: Best Buy or Barnes & Noble.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

To me this was Microsoft's best option to get Windows 8 into the tablet market quickly with an established device ecosystem and retail space. Provided that Windows 8 doesn't Vista itself on launch, this could be a great move for only $300 million.

Another step in the slow and steady demise of B&N bu stripping off it's one remaining (semi) valuable asset. I'm trying to decide which big box Amazon kills off first: Best Buy or Barnes & Noble.

Microsoft has a habit with their OSes of good, suck, good, suck, good, suck. Windows 7 was good, therefore Windows 8 will likely suck.

 

[Priceless]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Just read an account of the Wells Fargo shareholder meeting. Some very intriguing happenings there. Groups representing the 99% showed up trying to get W-F to extend forgiveness on mortgages for people who are "underwater" because the market tanked. Most of them were denied access to the meeting. However, they also excluded legitimate shareholders who disagreed with several W-F business practices. In all, 22 people were actually were arrested.

After all of this, the shareholders who were allowed to attend the meeting approved a $20M bonus for CEO John Stumpf. Wouldn't shareholders who were excluded from the meeting (or were even arrested) have a legal recourse against the company because they weren't allowed to vote? Also because the vote was held in an environment where the police had been called and shareholders were arrested. Couldn't that be construed as coercion?

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Just read an account of the Wells Fargo shareholder meeting. Some very intriguing happenings there. Groups representing the 99% showed up trying to get W-F to extend forgiveness on mortgages for people who are "underwater" because the market tanked. Most of them were denied access to the meeting. However, they also excluded legitimate shareholders who disagreed with several W-F business practices. In all, 22 people were actually were arrested.

After all of this, the shareholders who were allowed to attend the meeting approved a $20M bonus for CEO John Stumpf. Wouldn't shareholders who were excluded from the meeting (or were even arrested) have a legal recourse against the company because they weren't allowed to vote? Also because the vote was held in an environment where the police had been called and shareholders were arrested. Couldn't that be construed as coercion?

See? The government promoted bad behaviour, so people expect it!

As for the voting process, isn't there some sort of invitation or proxy material you have to present in order to be admitted to the meeting? Also, with the shareholders, they have every right to vote their shares by proxy through either the mail or the internet, so why didn't they do that? I receive those notices in the mail all the time for all of my stocks.

 

[Priceless]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

See? The government promoted bad behaviour, so people expect it!

As for the voting process, isn't there some sort of invitation or proxy material you have to present in order to be admitted to the meeting? Also, with the shareholders, they have every right to vote their shares by proxy through either the mail or the internet, so why didn't they do that? I receive those notices in the mail all the time for all of my stocks.

In some cases the people were not allowed inside even with the proper documentation, whether they were the shareholder or they had proxies. I'm not sure what they used as the deciding factor as to who was or was not admitted, but they also ruled people who were inside "out of order" and marched them out of the meeting, and in some cases they were arrested. If I were the CEO of a business and our shareholders had legitimate concerns with the way I was running the show, I'd be happy to take advantage of the unrest to make sure any critics I had were silenced. On top of that, the people remaining agreed to give him $20M in a cash bonus? I'd be a little steamed if I went all the way to San Francisco to voice my displeasure with the CEO only to be told I was out of order or outright excluded from the meeting. Then to find out the other shareholders voted to give him a bonus? I'd be ripped.

 

[goldy_331]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Just read an account of the Wells Fargo shareholder meeting. Some very intriguing happenings there. Groups representing the 99% showed up trying to get W-F to extend forgiveness on mortgages for people who are "underwater" because the market tanked. Most of them were denied access to the meeting. However, they also excluded legitimate shareholders who disagreed with several W-F business practices. In all, 22 people were actually were arrested.

After all of this, the shareholders who were allowed to attend the meeting approved a $20M bonus for CEO John Stumpf. Wouldn't shareholders who were excluded from the meeting (or were even arrested) have a legal recourse against the company because they weren't allowed to vote? Also because the vote was held in an environment where the police had been called and shareholders were arrested. Couldn't that be construed as coercion?

Attribution?

 

[collegehcky2]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

I changed to an aggressive plan this month for my annuity, will keep it in place for the next 4-5 quarters while the market is strong. Then I'm shifting my funds to corporate bonds and treasuries to navigate the weakness in the economy in the second half of 2013-2014.

On my personal stock account, I've been focusing on companies that are investing into emerging markets in Eastern Europe and Russia, so far it's gone well but I'm starting to shift more into Russia and Southeast Asia. Unfortunately, my core stocks are growing slower than I expected, but I might rework my portfolio in the summer months.

 

[Priceless]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Attribution?

Reuters wrote a piece because people are concerned it will happen at the BoA meeting this week. The Wall Street Journal interviewed one of the shareholders who was arrested, as well as other shareholders and proxies who were excluded from the meeting.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Reuters wrote a piece because people are concerned it will happen at the BoA meeting this week. The Wall Street Journal interviewed one of the shareholders who was arrested, as well as other shareholders and proxies who were excluded from the meeting.

Duke Energy also has similar concerns.

If shareholders want to make statements about a company, there's a much more effective way to do so: sell on the ex-dividend date. WFC pays a dividend, so you'd want to sell tomorrow (as it looks like ex-dividend is tomorrow).

 

[amherstblackbear]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

To me this was Microsoft's best option to get Windows 8 into the tablet market quickly with an established device ecosystem and retail space. Provided that Windows 8 doesn't Vista itself on launch, this could be a great move for only $300 million.

Another step in the slow and steady demise of B&N bu stripping off it's one remaining (semi) valuable asset. I'm trying to decide which big box Amazon kills off first: Best Buy or Barnes & Noble.

This actually seems like a good move on MSFT's part. With the exception of xbox, they've never really leveraged their immense software assets into success in "ecosystems."

In the past couple years they've teamed up with established hardware providers in three major markets: Intel (laptops), Nokia (phones) and BN (media consumption tablets). Maybe these look like late-to-the-table moves, but I'd say they're evidence that MSFT is finally starting to be smart about what it's good at and what it isn't.

 

[Bob Gray]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

:

Reuters wrote a piece because people are concerned it will happen at the BoA meeting this week. The Wall Street Journal interviewed one of the shareholders who was arrested, as well as other shareholders and proxies who were excluded from the meeting.

I thought the WSJ was just a hegemonic tool. What on earth are they doing reporting such things?

 

[goldy_331]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Reuters wrote a piece because people are concerned it will happen at the BoA meeting this week. The Wall Street Journal interviewed one of the shareholders who was arrested, as well as other shareholders and proxies who were excluded from the meeting.

Nothing in either of those articles supporting exactly what you stated your post.

 

[Priceless]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Nothing in either of those articles supporting exactly what you stated your post.

What is it you're looking for? The WSJ/Reuters interviewed people who were shareholders and who were arrested. Some were allowed inside, then ruled out of order, removed and then arrested. They even kept out clergy who had made the trip. If this was a government organization that did this we'd be hearing about how they're anti-Christian, anti-religious bigots.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

What is it you're looking for? The WSJ/Reuters interviewed people who were shareholders and who were arrested. Some were allowed inside, then ruled out of order, removed and then arrested. They even kept out clergy who had made the trip. If this was a government organization that did this we'd be hearing about how they're anti-Christian, anti-religious bigots.

WSJ did not mention anything about arrests whatsoever. On top of this, at no point in the Reuters article does it say anything about shareholders being arrested.

 

[Almington]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

This actually seems like a good move on MSFT's part. With the exception of xbox, they've never really leveraged their immense software assets into success in "ecosystems."

In the past couple years they've teamed up with established hardware providers in three major markets: Intel (laptops), Nokia (phones) and BN (media consumption tablets). Maybe these look like late-to-the-table moves, but I'd say they're evidence that MSFT is finally starting to be smart about what it's good at and what it isn't.

Don't get me wrong, I like the move from MSFT's standpoint, mostly. I just don't like that they are dumping in a ton of cash (and will have to effectively finance this whole endeavor) but will have to share in any profit. The Nokia deal is going to cost MSFT many billion dollars to keep financing Nokia while they transition to Windows platforms (pumping in ~$250 million a quarter to keep Nokia operating).

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Don't get me wrong, I like the move from MSFT's standpoint, mostly. I just don't like that they are dumping in a ton of cash (and will have to effectively finance this whole endeavor) but will have to share in any profit. The Nokia deal is going to cost MSFT many billion dollars to keep financing Nokia while they transition to Windows platforms (pumping in ~$250 million a quarter to keep Nokia operating).

People still use Nokia?!

Microsoft just seems like a has-been to me, and it's only the non-arts companies that really keep them afloat (arts companies would turn to Apple). Granted they recently boosted their dividend so the stock is attractive.

 

[amherstblackbear]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

The U.S. is a halo market, to be sure. But it's only a modest share of the global mobile phone market. Nokia disappeared from the U.S., and still maintained the largest share of the global market. If their new offerings in the U.S. are even a modest success, they'll be fine.

Put it this way: there's support among the U.S. carriers for a 3rd major platform, to complement iOS and Android. Who's that going to be? Palm/WebOS is on life support. Actually, it might have died and simply gone unnoticed. RIM? Sorry Canadians, but I don't like where that company is going. I'm not optimistic that MSFT/Nokia will supplant Android or iOS, but they're my bet to carve out that 3rd niche.

 

[Priceless]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

WSJ did not mention anything about arrests whatsoever. On top of this, at no point in the Reuters article does it say anything about shareholders being arrested.

Whoa. You are correct. Those articles have changed since I linked them. There was an interview in one of them with a guy from Iowa who was arrested, despite the fact he is a shareholder. The Reuters article was two pages and is now only one. Guess I shouldn't be surprised. Oh well, nothing to see here. All is well.

 

[FlagDUDE08]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

It's Earnings Time. American Eagle really hit the mark, Sara Lee is expected to outperform (though I'm only in for the special dividend), and Green Mountain (thankfully wasn't invested) tanked on a bad quarter.

Any good pick-ups?

 

[unh_hockey]

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

It's Earnings Time. American Eagle really hit the mark, Sara Lee is expected to outperform (though I'm only in for the special dividend), and Green Mountain (thankfully wasn't invested) tanked on a bad quarter.

Any good pick-ups?

A value investor for greenlight capital (David Einhorn) went on a short position and made a killing on green mountain coffee. His book ' fooling some of the people all of the time', chronicles shorting a company called allied capital. A good look at how professionals dissect how a company really does, than determine if they are worth investing in or not.