18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Early estimates indicate there could be as much as $50b in damage. According to weather nerds, this isn’t going to be the Al Capone’s vault of hurricanes. It will be the real deal. Don’t be an idiot. Abandon your mosquito infested hell hole and drive up north, where the air is brisk and the people intelligent.
As an aside, this is likely to be a boon for GNRC and a sundry of building material stocks, such as BECN, PGTI, USCR, PGEM, OC and LPX — amongst others. Losers include UVE, ISCA and DIS.
According to Dow Jones, Snapchat is preparing to dump all of their overvalued shares on the marketplace, as early as March of 2017. The proposed valuation by their esteemed venture capitalists and investment bankers: TWENTY FIVE FUCKING BILLION DOLLARS.
Don’t worry about valuation, lads. The company says they’re on pace to hit the top end of their projected revenue range of $250-350 million — which would place the valuation of this fantastic company at 100x sales.
Also, their last equity raise put the valuation at a tad under $18 billion, which would give those late investors an instant 41% profit upon coming public.
While 1.5 million people evacuated from their homes to avoid getting killed by Hurricane Mathew, the Clinton campaign are busy helping themselves through the purchase of ads on the weather channel — spending $63k over the next 5 days.
Related: the governor of Florida is practically begging people to leave, saying ‘this is going to kill people.’
The CEO of UBS reassured investors, in a CNBC interview, that the European banking system was doing great. When asked to discuss the ongoings at Deutsche Bank, he opted to not discuss it — scared to rock the boat. Then in the very next sentence he said the ‘macro environment is not very constructive for banks’ — laying blame on negative rates and low growth.
Deutsche Bank is an ‘idiosyncratic’ situation, according to the UBS Chief — a mere isolated and hugely systematic situation. He’d prefer to not discuss it and that it’s time to move on. He has enough problems.
Year to date losses of the European banking sector: Deutsche Bank is down 45%, Credit Suisse -35%, Lloyd’s of London -33%, Barclays -32%, UBS is down 24% Intesa San Paolo -41%, E.On -30%, Societe Generale -28%, Axa -25%, Banco Popolare -77%, UBI Banca -67%, Unicredit -61%, RBS -40%, Banco Popular -60%, IAG -45%, Bankia -31%.
Later on he mentioned potential bubbles forming due to low rates. I wonder what he really thinks? It seems to me the more he speak, the more his truth leaks out.
When I actively traded stocks, one of my favorite features in Exodus was using its powerful screening tools to not only find the best stocks — but the best investment formulas — based on fundamentals.
With this screener, members are able to insert hundreds of different inputs to find which combination has produced the best returns. In other words, it can tell you if low PE stocks vs high PE stocks did better over a definitive time frame. Or, it can tell if investors value growth over free cash flow or low p/s v high, low debt v highly leveraged etc.
Having gone through nearly every combination possible, I’ve found the holy grail — the single best combination of fundamental inputs that has produced an array of stocks — which have crushed the market over the past year, gaining 19.47%.
Here are the very largest capped stocks.
There are 124 stocks in total. Members can access the screen here.
According to the good folks at ReCode, Google, Apple and Disney aren’t interested in buying a Jack in the box that opens up once per quarter to punch you in the face with a $100 million loss.
That leaves the uber talented and woefully deranged Marc Benioff as the last man standing in the hunt to acquire Twitter. The idea of CRM buying TWTR is hateful to CRM shareholders and they’ve expressed their dismay by selling the shares in recent days.
Sources familiar with Disney, which was mulling a possible Twitter purchase last week, say the media giant has decided not to move forward.
Earlier today Recode reported that Google, a logical buyer for Twitter who had also was hired a banker to kick the company’s tires, was not going to bid; Apple is also unlikely. Twitter shares dropped 9 percent in after-hours trading.
For now, that leaves Salesforce as the only potential buyer for Twitter, though the company has never confirmed publicly that it wants to make a deal. Salesforce CEO Marc Benioff appeared on CNBC today and refused to comment directly on any interest in Twitter.
With all competing bids gone, look for Benioff, if he’s still interested, to make a takeunder offer — considering the stock is up 37% over the past month. The bankers will justify it by using a 90 day average price, effectively poleaxing all new shareholders of the stock.
After wading through episode two of the new ABC show, Designated Survivor, I got an odd sense that the show was actually concocted by a CIA psyops department — in an effort to bend the American people to their ravenous will, promoting a perverted vaudeville of pseudo-patriotism and distorted blend of politically correct horseshit, a half drunken stupor and woefully ineffective assault on the white American nuclear family.
The star of the show, Keifer Sutherland, former hero of the Fox smash hit 24, Jack Bauer, has been emasculated on this show — donning the stupidest fucking glasses humanly possible, completely bereft of basic male qualities, such as courage and virility. He’s a mumbling caricature of an introspective, well meaning, liberally minded, dipshit. After the entire fucking government was blown to smithereens, including the President, every single cabinet member but him, and ALL members of congress, this bipedal primate of a person’s main priority is to protect the civil rights of the muslim population in Michigan — in addition to treating his military advisors like bat-shit war mongers — as he attempts to figure it all out in his stupid as shit Cornell college sweater with a stack of random papers.
His family includes a quasi-annoying and somewhat changeable wife, a little princess daughter, and of course the long haired, haggard looking, drug dealing teenage son. The cast is festooned with a multi cultural, United Nations-like, array of personalities, including the benevolent black FBI leader, all knowing asian FBI agent, stupid as shit blockhead white General — who clamors to bomb people in almost every scene or plot to overthrow the President, an in control and sharp latino chief of staff, and a middle eastern speech writer — who of course was quickly victimized by two jittery and very blue eyed white cops — who were racially profiling him as he walked to work.
But don’t worry, later on, one of the white cops made amends with him during a richly cliched candlelit memorial for the dead, approaching him with a subtle menace, asking ‘did you lose someone too’, which was answered in a most melancholy manner ‘I lost everyone.’
The white governor of Michigan took control of his state by randomly interring muslim americans, much to the new President’s chagrin. The governor was definitely written to represent someone evil, like Donald Trump, placing priority on protecting his people by arresting and ordering his police to attack the muslim community. My eyes almost rolled out of my head when the President was addressing a bunch of firemen at ground zero with a bull horn, just like George Bush at the 9/11 site, when suddenly every single person there turned to their magic iPhones to bear witness to a poor muslim teen being beaten to death — WHILE HANDCUFFED — by a pair white cops.
Naturally, said muslim had an American first name.
I won’t watch another episode, but I can guarantee you the true culprit of this outrageously unrealistic terrorist attack was a white male, American, most likely working for the government. Write it down.
As a whole, this show is an insult to the intelligence of man. Being that there are significant production dollars behind it, blessed with a cast of fantastic actors, I can only surmise that the writers of this show are either a foppish group of untalented booze hounds — or they’re being directed and overridden by a delusional band of CIA cellar dwellers– who are relying upon psyops manuals from the 1950s, in a very pathetically comical effort, to shape public opinion.
Over the past month, shares of TWTR have risen by more than 35% on speculation that someone, anyone, would make a bid for the disheveled money losing social media giant. In recent days, the sociopath, Mark Benioff from Saleforce.com, has been in the press for possibly having an interest in Twitter, in spite of the fact that there are zero synergies between the two companies, whatsoever.
Recode is out with a note of caution tonight, saying both Apple and Google couldn’t care less about the ongoings of Jack and his retarded band of social justice warriors at Twitter. Additionally, they believe the recent rumor milling is due to investment bankers trying to gin up hype for the potential bidders to bid MOAR.
Source: Recode According to sources close to the situation, Google does not currently plan to make a bid for Twitter. While the search giant has been among the buyers considered most likely to be a contender for the social communications company, those familiar with the deal said that the company was not moving forward with an effort to buy it at this time.
In addition, several sources Recode has spoken to this week also said that Apple was unlikely to be one of the possible suitors, with one saying Twitter should have “low expectations” of getting an offer from the tech giant.
That should tamp down the frenzied speculation around a possible Twitter sale since Salesforce began no-commenting noisily with regard to possible interest in acquiring it a few weeks ago.
The news set in motion a series of ever more breathless reports of bankers being hired and a bidding process being started. Much of this is due to said bankers trying to gin up excitement around a sale of Twitter, creating as much interest as possible to spike up the price. After all, it can’t be just Salesforce’s Marc Benioff running around flashing wads of cash!
Still, let’s be clear: The process of selling Twitter is happening, as has been much reported. While Salesforce has indeed been the most aggressive possible buyer, Disney has also been mulling a bid (though Peter Kafka thinks it is a dumb move), along with a range of other players in telecom, media and private equity.
That’s why there was much hubbub around a recent report that Google had tapped Lazard to look at a Twitter bid. (Wheee! They hired a banker! In reality, the investment bank is Google’s longtime M&A adviser on retainer and looks at every possible deal for it.)
By the way, a lack of a Twitter bid by Google or Apple probably raises the likelihood that you are never going to see one from Facebook either.
It is much the same for Apple, said sources, noting that the focus there remains on its flagship consumer products and not on social networks. While Twitter’s foray into mobile video distribution is compelling, sources note that Apple can benefit from that without owning or managing it. And, of course, paying upwards of $20 billion for it.
The stock is down by more than 9% in the after hours.
What is an ‘illegal immigrant’ to a foreign entity, who is not American, anyway? The Mexicans pouring into the country are viewed in the same way as the Syrians pouring into Germany: opportunity for an abundant amount of cheap labor. As the anglo-saxon gene pool shrinks, the factories in Germany and the lawns in southern California need to be tended to. As such, having an open door immigration policy, afforded with Federally subsidized health insurance, as a sort of lure for desperate grass cutter south of the border, is in the best interests of the cabal of multi national globalists elite dick sucking oligarchs.
Did I make myself clear?
In a Sept. 30 letter to Health and Human Services Secretary Sylvia Burwell, Covered California’s Executive Director Peter Lee said that the Affordable Care Act has been “tremendously successful” in the state and has cut the rate of uninsured in half.
“While millions of Californians have benefitted from coverage purchased through the Covered California marketplace, certain individuals are prohibited from buying insurance through our state marketplace due to their immigration status,” Lee wrote, before requesting the waiver.
The Affordable Care Act technically bars illegal immigrants from insurance exchanges, but in June Gov. Jerry Brown signed a bill that allowed the state to apply for a federal waiver to open Covered California to illegal immigrants living in California. The bill’s sponsor said such a waiver would allow 390,000 illegal immigrants to receive health insurance.
The financial security and personal well being of the native populace is a secondary concern. We’ve seen multiple reports that indicate Obamacare is on the verge of collapse and failure. It will need a government bailout to continue.
