DTBoojum

John Q Smith

DTBoojum’s Activity

Yesterday

NL

Boards Post

DTBoojum replied to the Apple board. 3:47 PM

Re: Apple Cash: too much of a good thing?

No. You're confusing market cap with book value. Your $500B company (1B shares at $500) is its market cap, not its balance sheet value. It's a rare company that trades at book value. Currently AAPl is trading at approximately 5.7x book value. The [more]

NL

Boards Post

DTBoojum replied to the Apple board. 11:20 AM

Re: Apple Cash: too much of a good thing?

Second, if the company is worth $500 billion BEFORE the stock buy-back, it will NOT be worth $500 billion AFTER the stock buy-back. Part of the $500 billion valuation includes the $100 billion (your example) cash used to buy-back the shares - cash [more]

NL

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DTBoojum replied to the Deranged Monkey Criticism board. 9:19 AM

Re: Greece?

According to a Greek parliament report issued last week, the loans are illegal, illegitimate and odious. The first loan to Greece, for example, from Goldman Sachs was a secret - nobody knew about it - It was a loan to corrupt politicians from the [more]

Fri Jun 26

NL

Boards Post

DTBoojum replied to the Apple board. 11:24 PM

Re: Taylor Swift explains her "No" to


Economically, it is hard to imagine that anyone who has rented music has ever regretted it.
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Then why is one of the biggest issues with streaming music companies "churn"? It's a big issue with cable, with satellite TV,
[more]

NL

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DTBoojum replied to the Apple board. 11:22 AM

Re: Taylor Swift explains her "No" to

By the time they get to 35ish their interest will wane (not disappear;), but they will have no library to assuage them, and presumably will have to continue subscribing until it becomes economically untenable for them (which for many will be [more]

Thu Jun 25

NL

Boards Post

DTBoojum replied to the Berkshire Hathaway board. 2:41 PM

Re: On Pennies and Steamrollers

So, if you think Chesapeake Energy (CHK) is a buy at $11, or will at least stay
in business and stop falling in price, consider repeated puts instead of a stock purchase : )
That one's not for the faint of heart, but great for the
[more]

NL

Boards Post

DTBoojum replied to the Berkshire Hathaway board. 12:21 PM

Re: On Pennies and Steamrollers

I think it's key always to compare the purchase of the stock to the writing of cash backed puts for a comparable number of shares.
It leads to clean thinking.
In this case (drop to $40 example), certainly in the short term you're
[more]

Wed Jun 24

NL

Boards Post

DTBoojum replied to the Berkshire Hathaway board. 12:43 PM

Re: On Pennies and Steamrollers

Who's to know the real likelihood of getting assigned?
How to choose between the two approaches?
It probably doesn't matter much given the inherent uncertainity - six of one, half dozen of another.
Perhaps more important than details
[more]

Wed Jun 17

NL

Boards Post

DTBoojum replied to the Falling Knives board. 4:45 PM

Re: Posco - is anyone getting interested

Traded down to $50.34 now.
Hmmm, I'm starting to get interested.

At 9.2 times current run rate earnings.



At 9x earnings, I would be very interested, but, how are you doing that calculation? I see .633B last year, [more]

NL

Boards Post

DTBoojum posted to the Value Hounds board. 10:54 AM

NPK again

National Presto, after what is becoming a predictable drop of $10 after paying out its $4 dividend, down to $56.50 in March, has climbed steadily back to over $74 today. Don't worry, dividends are only paid out once a year, usually end of February or [more]

Tue Jun 16

NL

Boards Post

DTBoojum replied to the Canada (General) board. 11:59 AM

Re: Hedging in Canada

You are aware that the city of halifax has about the population of a small aerea of Toronto, right? They build almost one halifax every year in Toronto. Anything that's not in TOR, MTL, Van, CGY or Ottawa is more and more statistically [more]

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 10:01 AM

Re: Poll: The next bubble?

"The decision implies a money transfer into the coffers of Canada's financial institutions. The money is "fungible" and can be used by the banks as they see fit...The 25 billion dollar allocation was announced four days prior to the [more]

Mon Jun 15

NL

Boards Post

DTBoojum replied to the Berkshire Hathaway board. 8:44 PM

Re: Deep thoughts by Warren Buffett

You can't be a net saver and a net spender.

=======

I bought stock A for $100 and I am waiting for stock B, currently at $200, to fall. Six months later, A is $200 and B is $100. Assume there is no change in the fair value (what
[more]

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Boards Post

DTBoojum replied to the Berkshire Hathaway board. 6:54 PM

Re: Deep thoughts by Warren Buffett

"Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.” - Right, but an investor can be both at the same time.

I think he is
[more]

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 6:44 PM

Re: Poll: The next bubble?

Ironic that Canada avoided the debacle in 2008, only to see its housing market pricing accelerate almost 100% since then.


Do you have a link? Housing prices in Canada are definitely a bit on the high side, but I don't think [more]

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 11:39 AM

Re: Poll: The next bubble?

I should have voted China, that seems like a pretty obvious bubble, although I have no idea when it might pop - one never does, I suppose.

But as for healthcare, I pretty much agree with all your premises (huge amount of pointless spending, [more]

Thu Jun 11

NL

Boards Post

DTBoojum replied to the Apple board. 2:49 PM

Re: Some things are forever

But really, clothes drying on a line uses energy. The energy is provided directly by wind and sun.

As we evolve towards renewable energy for the grid and eliminating fossil fuels, wind and sun will create electricity to run a clothes
[more]

NL

Boards Post

DTBoojum replied to the Canada (General) board. 2:36 PM

Re: Correction

Norm,

I disagree with your assumption that the market bottom in 2009 was at half of fair value. To make the case that the S&P in 2009 at 670 was at half its fair value, or the Dow at 7000 for that matter, it does not suffice to note that [more]

Wed Jun 10

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 5:20 PM

Re: Poll: Best Bank since Dec 2008

By "doing the best 6.5 years", I presume you mean total return, as of the beginning of 2009? Of course, Goldman has done the best in moral terms, as we all know they are "doing God's work now".

dtb

NL

Boards Post

DTBoojum replied to the Berkshire Hathaway board. 12:15 PM

Re: Fairfax

And while Buffett sits out frothy periods in the market, he doesn't actually go short.
====
This is not quite correct. In 1999 (if I recall correctly) Buffett bought SP500-Puts. He was obviously convinced that the market was grossly
[more]

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Big gold star, 5000 posts Old School Fool
Board Posts 6892
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