Upperman33

Bush's Speech: Surprisingly Coherent

Jake Huneycutt,

"This bailout is complete crap. Either we should find a way to re-liquify institutions that have a chance of survival (with the government making a profit on it), the government should lend out money itself by establishing a National Bank (thereby making a profit)."

What do you think they are doing? Do you not understand that the government will be buying these securities at a discount and holding them till maturity. A lot of people don't understand that a good portion of subprime securities have had no defaults but have been severely marked down because there is no market for them. I highly doubt the gov't is going to lose any money on this deal.

Bill Gross: Politicking for His Own Bailout

So you are bashing Gross (who has a history of making correct market calls) but not supporting a position of your own. You really aren't explaining why Gross's ideas are so wrong.

Focus Media: Will Massive Accounts Receivable Lead to a Future Write-Down?

"Based on the fact the company was still in the midst of fully integrating their various acquisitions, I gave the management the benefit of the doubt regarding the AR situation in Q1, however I expected a significant reduction in the AR balance in Q2. Anticipating a reduction in the range of $60 to $70M, which would have put the balance in a more acceptable range, instead the balance ballooned by some $60M to $321M."

Focus is still in the process of integretating the CGEN acquisition, which is party responsible for the high A/R. They said there would be a "significant reduction" of the A/R this quarter. I believe there will be a lot of improvement in this area next quarter because it seems like management is hitting on all cylinders.

We will wait and see.

The Most Important Price in an Economy

Excellent read.

Is Apple a Better Stock Than Google?

The internet is still growing rapidly around the world and Google is going to benefit tremendously from that. They expect int'l revenue to grow to 65% of sales (it is currently somewhere around 50%). Not to mention Youtube, which has already had a cultural impact in this country and will continue to grow. Add in Android, their platform for mobile phones and I think that Google has excellent long term prospects. With the types of people that Google hires, they will always be innovating and at the forefrunt of internet revolution.

Fuel Systems Solutions: Time to Take Profits

Nice call. Down 15% today