commoncents33’s Activity

Yesterday

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Boards Post

commoncents33 replied to the Berkshire Hathaway board. 1:40 AM

Re: Bill Gates about IBM

IBM just raised its dividend over 18%.


I think the most relevant thing that can be said about that is "so what"?

GM paid good dividends pretty much until the time they were taken over by the [more]

Fri May 1

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Boards Post

commoncents33 replied to the Apple board. 1:12 AM

Re: Buyback vs. Dividend

I much prefer buybacks over dividends.


Again, it is not monetarily intelligent to talk about buybacks as being good or bad, or better than dividends, or anything else...without considering the price that is paid, relative to a [more]

Wed Apr 29

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commoncents33 replied to the Apple board. 5:50 PM

Re: Buyback vs. Dividend


So, isn't that .0489B/.329B or about 15% 'extra' above $69.48 or $80/share
as the 'effective price'?



No!

They are two completely separate issues.

To attract and retain the best people, you have to pay [more]

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commoncents33 replied to the Apple board. 3:15 PM

Re: Buyback vs. Dividend

It should be noted that Apple has increased R&D spending to a large extent. It hit $1.9 billion this last quarter and over $7 billion TTM.

[more]

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commoncents33 replied to the Apple board. 11:13 AM

Re: Buyback vs. Dividend

They have only gradually come around to the idea (Buffett's, Icahn's, Einhorn's, etc.) that buybacks are a good idea.



Yes, buybacks at substantially less than a conservative estimation of intrinsic value reward the [more]

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commoncents33 replied to the Apple board. 10:23 AM

Re: Buyback vs. Dividend

Although I agree these are the main options, I would propose there is a special case where there is a fifth option: 5) Accumulate cash earned in low-tax jurisdictions, waiting (perhaps in vain) for a tax amnesty or, less likely, some sensible tax [more]

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commoncents33 replied to the Berkshire Hathaway board. 4:05 AM

Re: OT-What's REALLY important

I hope everybody understands that I was saying that a $1 million donation from our government is probably the equivalent of me personally saying I am going to donate 1/1000th of one penny to the relief fund.



What is the [more]

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commoncents33 replied to the Apple board. 3:53 AM

Re: Buyback vs. Dividend

It's a long term red flag when any organization is so heavily dependent upon a specific product. Much more so in such a volatile segment as phones. Ask Samsung, or Nokia.



Well, obviously it would be better to have more [more]

Tue Apr 28

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Boards Post

commoncents33 replied to the Apple board. 9:59 AM

Re: Growth and cash

But all in all, Apple's ability to make huge margins and growth with basically three product lines is an astonishing accomplishment.



True that.

40% eps growth, when you're already the most profitable business in the [more]

Sat Apr 25

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Boards Post

commoncents33 replied to the Berkshire Hathaway board. 4:32 PM

Re: OT-What's REALLY important

Didn't God make the earthquake? How does he get credit for the fact that he didn't kill someone with the earthquake he made?




If our limited human minds could easily grasp all the ways of God, that fact alone would seem [more]

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commoncents33 replied to the Berkshire Hathaway board. 12:30 PM

Re: ibm beats...but not impressive!?

Industry insight.



Well, the wide portfolio of Berkshire's subsidiaries is a fairly representative portion of the relevant "industry", no?

And Buffett met with all the IT leaders of those subs. What he [more]

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commoncents33 replied to the Berkshire Hathaway board. 8:46 AM

Re: ibm beats...but not impressive!?

This isn't specifically "cloud" data, but seems relevant nonetheless:

[more]

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commoncents33 replied to the Berkshire Hathaway board. 8:40 AM

Re: ibm beats...but not impressive!?

<b?IBM is certainly not winning cloud. The sales that are marked as cloud sales are not truly cloud sales like SaaS, IaaS kind of sales. A big chunk of that is double counting, that the GTS revenue i.e., the service revenue is counted as cloud [more]

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commoncents33 replied to the Berkshire Hathaway board. 8:28 AM

Re: ibm beats...but not impressive!?


IBM is certainly not winning cloud. The sales that are marked as cloud sales are not truly cloud sales like SaaS, IaaS kind of sales. A big chunk of that is double counting, that the GTS revenue i.e., the service revenue is counted as cloud
[more]

Fri Apr 24

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commoncents33 replied to the Berkshire Hathaway board. 8:20 AM

Re: CBI First Quarter

Yeah, the trend in the short quantity seems quite baffling...or maybe I'm just blind and stupid.

I can see how some might have been concerned with some issues in the second half of 2014. But the results of the past two quarters seem [more]

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commoncents33 replied to the Berkshire Hathaway board. 8:15 AM

Re: CBI First Quarter

Jim,

I'm just curious where you would rank this as a business, separate from the stock price:

1) excellent business, with a good moat and expected consistent high returns on invested capital, with likely attractive long-term [more]

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commoncents33 replied to the Berkshire Hathaway board. 5:17 AM

Re: ibm beats...but not impressive!?

The worst things seems to be the 2% fall in service revenues, even after
stripping out currency effects and disposals.




Why worrisome? They say they are pruning out some of the low-margin services, just like they are [more]

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commoncents33 replied to the Berkshire Hathaway board. 4:37 AM

Re: OT-HOG

I sure hope not.

Their operating income for 2012-2014 is less than for 2005-2007. Basically all "absolute" measurements have flat-lined. The per-share
numbers looks better due to buybacks, but that with zero top-line growth [more]

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commoncents33 replied to the Berkshire Hathaway board. 2:16 AM

Re: CBI First Quarter

I have bought quite a bit of CBI over the last year.

I wish I bought more.



Yes, I'm very glad that I happened to be reading about it here the day after their dip into the low 30's. Researched it quite intensively yet [more]

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Boards Post

commoncents33 replied to the Berkshire Hathaway board. 2:06 AM

Re: ibm beats...but not impressive!?

I am less optimistic on IBM than Buffett.


To each his own.

While I have invested in IBM based on my own research and analysis, I do take comfort in how strong is Buffett's conviction on this one. And not only how strong [more]

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Big red star, 1000 posts
Board Posts 3785
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Very First Post The Disappointing Reality with Berkshire (5/19/2009)
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