CM001’s Activity

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CM001 replied to the Berkshire Hathaway board. 54 minutes ago

Re: OT: Amazon planning to open 100s of bookstor

To my untrained eye, that all seems to be there on page 11.

Thank you. No amount of facts matter. This is not the first time he was loose with facts, and surprisingly a blatant lie would get tons and tons of rec's and when you point [more]

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CM001 replied to the Berkshire Hathaway board. 1 hour ago

Re: OT: Amazon planning to open 100s of bookstor

Accounting IS the language of business. How can one discuss a business (intelligently) without discussing the information presented in accounting?

Hmmm

John the CEO: Okay Harry what is this product going to do?
Harry the [more]

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CM001 replied to the Berkshire Hathaway board. 3 hours ago

Re: OT: Amazon planning to open 100s of bookstor

This is all especially problematic if one is trying to have a
discussion about the earnings power of a business


A very critical understanding of the taxes doesn't mean a thing in determining the earnings power of a business. How [more]

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CM001 replied to the Berkshire Hathaway board. 4 hours ago

Re: OT: Amazon planning to open 100s of bookstor

The provision for taxes on GAAP results for 2015 are $950M.

[more]

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CM001 replied to the Berkshire Hathaway board. 1:24 PM

Re: OT: Amazon planning to open 100s of bookstor

GAAP earnings as reported in SEC filings are (or can be) very different from what is reported to the IRS for tax purposes

Yes and AMZN actually paid close to $1B on income tax. Assuming it is in 33% tax bracket (just an assumption) [more]

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CM001 replied to the Berkshire Hathaway board. 1:20 PM

Re: OT: Amazon planning to open 100s of bookstor

There are substantial costs associated with the prime revenue.

The margin on the goods they sell takes care of all the costs associated with the prime revenue that's what I said in "the razor thin margins only pay for [more]

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CM001 replied to the Berkshire Hathaway board. 12:16 PM

Re: OT: Amazon planning to open 100s of bookstor

I get that the "story" is that Amazon is keeping margins low (and avoiding earnings) to grow marketshare, but that is a completely different than Berkshire. That is more akin to the non-profit model.

Costco has about 45 [more]

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CM001 replied to the Berkshire Hathaway board. 11:49 AM

Re: OT: Amazon planning to open 100s of bookstor

Berkshire tends to acquire companies for full price and has potentially lower growth rate

Often companies in dyeing industries.

Both are run by exceptional owner manager run companies

And, both are in my [more]

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CM001 replied to the Berkshire Hathaway board. 11:46 AM

Re: OT: Amazon planning to open 100s of bookstor

I can't think of any reason Amazon would try to lower their reported profits

Simple they don't want to pay taxes, and the shareholders are not measuring the company on reported profits, at least yet.

Your entire premise that [more]

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CM001 replied to the Berkshire Hathaway board. 3:34 AM

Re: OT: Amazon planning to open 100s of bookstor

But the ability and willingness to admit mistakes publicly is a clear sign of intellectual superiority

That kind of intellectual honest is missing in general and specifically with that poster. Repeatedly I have called his factually [more]

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CM001 replied to the Berkshire Hathaway board. 1:33 AM

Re: OT: Amazon planning to open 100s of bookstor

Amazon is most certainly NOT choosing (like Berkshire is) to retain earnings

I didn't say, Amazon forgoes profits to grow its business. Don't argue against straw-man.

As a capitalist, why would you ever want to invest in a [more]

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CM001 replied to the Options boards. 9:20 PM

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CM001 replied to the Berkshire Hathaway board. 8:04 PM

Re: OT: Amazon planning to open 100s of bookstor

I imagine I have spent 50 more hours looking at Amazon than the owners of 95% of the shares. 50 hours of my time is probably worth more than a dime, not counting my numerous data subscriptions, around $20k/year. Doesn't mean I'm right, but at [more]

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CM001 replied to the Berkshire Hathaway board. 1:16 PM

Re: OT: Amazon planning to open 100s of bookstor

But of course very few people would ever go to the trouble of doing that math. The ones who have done it mostly aren't shareholders

When we, you and I, have not invested a dime analyzing the company, assuming the investors who [more]

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CM001 replied to the Berkshire Hathaway board. 11:46 AM

Re: OT: Amazon planning to open 100s of bookstor

If neither is on your side, just argue.

With due respect, that's all you are doing. Amazon is so successful, it is thoroughly analyzed. This is not one of those nifty startup, but a 20 year old company, and the shareholder base [more]

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CM001 replied to the Berkshire Hathaway board. 11:17 AM

Re: OT: Amazon planning to open 100s of bookstor

It wasn't very convincing.

Then why don't you post your arguments with numbers rather than just making an empty statement?

That is the difference you are naively trying to ignore: The difference between retained earnings, [more]

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CM001 replied to the Retire Early Liberal Edition board. 1:32 AM

Re: Bernie vs Hillary

I am a pragmatist. I am happy with half a loaf when I know that my choices are a full loaf or, more likely, no loaf at all.

My half a loaf is guaranteed by democrats in congress. I expect President to fight for the other half. That's [more]

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CM001 replied to the Falling Knives board. 12:58 AM

Re: LNKD, RL

declines over the course of months but over the course of minutes.

Sharp declines, especially post earnings, and gradual move up are common.

Thu Feb 4

NL

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CM001 replied to the Berkshire Hathaway board. 11:57 PM

Re: OT: Amazon planning to open 100s of bookstor

Amazon sells more stock to finance it's operations or to "build" another company.

This theory is debunked thoroughly. You can look up my post on that or you can provide some numbers.

I think someone who doesn't [more]

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CM001 posted to the Options boards. 10:35 PM

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Big gold star, 5000 posts Old School Fool
Board Posts 6039
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People who have rec'd these posts 1278
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Threads Started 885
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Very First Post A HGS: Select Comfort post. (8/13/2004)
Percentage of Posts Rec'd 42.04 %
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