Some politician [I am supposed to know his name, but this is a stock blog and not politico.com] immediately pounced on Evil Exxon-Mobil’s $11.68 Billion in profits, and deemed that they needed to be taxed to the fullest extent. So, I had to investigate. This is what I found. Exxon-Mobil had a pre-tax income of ...
The highlight of today was the tanking of Garmin. GRMN lost some 21% in value. It now trades at $35 and change. A lot lower than $125 that it hit in Nov 2007, and financially, their numbers were better than ever! So, what is it that caused GRMN to be worth 21% less today than ...
Everyone wants to find the next Cisco, the next Microsoft, the next ISRG. ISRG has carved out a niche in the prostate surgery market – with the key buzzwords being POTENCY and CONTINENCE – enough to scare any self-respecting man to cower at the thought of near-castration [yeah, that includes me]. Forget the robotic arms, ...
Merrill Lynch unloaded some $30.6 Billion in distressed CDO’s for 22c/$ to Lone Star, and issued $8.5 Billion in equity. The biggest buyer was Singapore’s Sovereign wealth fund – to the tune of $3.4 Billion. I think that while John Thain wanted to get Merrill on track as quickly as possible, twenty two cents a ...
http://sanjose.bizjournals.com/sanjose/stories/2008/07/28/daily18.html?ana=yfcpc The real reason that I bought an iMac and a Macbook is because they were PC Compatible and had a transparent UNIX based architecture. If AAPL goes back to their proprietary architecture, I guarantee that their market share gains from the PC market will erode. In the world of computers, perception translates into sales ...
Everybody is buying flash – but as usual, the manufacturers got too greedy and built too many NAND-capable Fabs. Even Intel got into the business with an inferior partner in order to get a piece of the action. The best thing that Andy Grove did for Intel was to get them out of the memory ...
I researched Fannie Mae, Freddie Mac, and Wells Fargo today, and my take is that all of the “accounting changes” that FNM, FRE and WFC have instituted in the last three months, makes their numbers fuzzier than ever before – leading to more uncertainty in the market. In the case of Freddie Mac, it was ...
Henry Samueli – who founded Broadcom [BRCM] was my Graduate Student advisor at UCLA back in the early 1990′s. He was an honourable man [still is]. I can now use the tag-line that is the header for this post. Bapcha ...
I will be listed as a Fundamental Analyst on http://www.stockblogs.com in the near future. Bapcha ...
Here’s a quiz question – anyone remembers the day when Greenspan said the magic words “Irrational Exuberance” ? Answer: The day was December 5th 1996. Yes it was almost a dozen years ago….. Back to ISRG – a very well run company, and local [off Kifer in Sunnyvale]. Nice profit margins, explosive growth, etc. etc. ...