Moon Kil Woong
Moon Kil Woong
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Whole Foods Is Far From Cheap [View article]
Costco And The Annual December Weather Excuse [View article]
Even last quarter their worse performance was obvious. Look at how SG&A cost mushroomed YoY from $7.84 billion to $8.68 billion and ask why? Is their an imminent need for execs and sales and marketing to get raises or they'll strike? Are accountants instantly more expensive? It's later after layer of fat. Perhaps they are planning on competing with the government. I once owned COST but got out quite a while ago. The shareholders need to skewer management for a poorer and poorer job.
Cramer's Mad Money - My Most Unpopular Call in the Last Six Years (4/7/11) [View article]
ISRG Cramer has had it on a conviction buy when it went down, switched to a off candies it can go lower stance when it went back up, and now says wait for a pullback to buy. He has essentially been wrong just about every turn on ISRG. ISRG makes massive free cash flow, is in a monopoly position, and will be the platform for surgical instruments in the future. I'm bullish still.
Cramer will like Berkshire forever just to give himself an ounce of legitimacy. However, we know he is basically an entertainer. I wouldn't trust him with a $1 of mine. If you want random calls just throw darts at a board after getting rid of all the stocks that aren't profitable (at least he screens out those stocks to promote usually).
Stock Picks Based on Strong Job Hiring [View article]
The rapid jobs growth miracle is yet to happen although I believe shrinking taxes and government is the first step. Real private sector GDP has to take over for a traditional recovery with jobs. As we can see, the government fueled recovery of the last two years is a jobless one with lots and lots of waste.
A Look at the 'Real Economy' [View article]
What we really need is a populist. Obama for all his flair has so far proven himself as an insider pandering to wealthy corporations. In the end the public need not be classist, for the only ones that increasingly count are the ones who can afford lobbyists. Even wealthy people can't usually afford one for themselves.
Jobs Improve, Retail Sales Still Weak [View article]
I agree that the unemployment number doesn't mean much and retail sales are weak as expected. I don't see it getting much better as inflation rears its ugly head. However, one can't fully blame Obama. The inflation steam train started back with Bush Jr. and the with Fed choosing monetary expansionsm including QE, Zirp, and TARP. Those alone are enough to make the dollar plunge in value. The effects of PPIP, a massive deficit, and Obama stimulus haven't even been fully factored into the inflation we are seeing now. Those are extra bonuses we will get later down the road with even higher inflation. Jimmy Carter here we come thanks to politicians (Republicans and Democrats) and the Fed (that quasi governmental entity charged with protecting the value of the dollar cough, snicker).