Ghost of Igloi wrote:
$160 million
But you’re still working.
Ghost of Igloi wrote:
$160 million
But you’re still working.
What did daddy do?
Mailman until he was 37.
I just finished our local 5k in a blazing 21:46. I blame this DGTD thread, which I have been thinking about since last night.
I have lurked for years but never posted, but reading all of your best Thanksgiving wishes for each other got me.
Maserati put it succinctly for me: 15% annualized so far, and for what? What happened to all of the 2-4% forecasts that meant all of the pension funds would be in trouble? It’s a giant step from 3% to 15%, 5x the gains that were projected just recently. Guys here were taking buyouts last year based on those low projections.
Why were all the projections so wrong? Will they be wrong about next year, and about the period of stagnation that has been forecast?
Thinking about this while running made it the fastest 21:46 in my life, lol. Happy Thanksgiving from this EMT, who has to report for his shift in an hour. It’s a busy time of year for us, I hope to see none of you today :)
Many of us here have made bank by following one simple plan: listen to what Igy says, then do the opposite.
Today I am thankful for you and your fellow first responders who give up part of your day in service to others. Thank you.
And Happy Thanksgiving to the rest of you.
DGTD Contrarian Indicator alert! wrote:
Many of us here have made bank by following one simple plan: listen to what Igy says, then do the opposite.
Today I am thankful for you and your fellow first responders who give up part of your day in service to others. Thank you.
And Happy Thanksgiving to the rest of you.
Like CHK and UBER! ?
Turkey Trotter wrote:
I just finished our local 5k in a blazing 21:46. I blame this DGTD thread, which I have been thinking about since last night.
I have lurked for years but never posted, but reading all of your best Thanksgiving wishes for each other got me.
Maserati put it succinctly for me: 15% annualized so far, and for what? What happened to all of the 2-4% forecasts that meant all of the pension funds would be in trouble? It’s a giant step from 3% to 15%, 5x the gains that were projected just recently. Guys here were taking buyouts last year based on those low projections.
Why were all the projections so wrong? Will they be wrong about next year, and about the period of stagnation that has been forecast?
Thinking about this while running made it the fastest 21:46 in my life, lol. Happy Thanksgiving from this EMT, who has to report for his shift in an hour. It’s a busy time of year for us, I hope to see none of you today :)
I was slower than you 27:17, but I was over 2:00 faster than last year, same course similar conditions. I did that after wrestling trolls earlier this morning. Igy strength!
Happy Thanksgiving ???
Ghost of Igloi wrote:
DGTD Contrarian Indicator alert! wrote:
Many of us here have made bank by following one simple plan: listen to what Igy says, then do the opposite.
Today I am thankful for you and your fellow first responders who give up part of your day in service to others. Thank you.
And Happy Thanksgiving to the rest of you.
Like CHK and UBER! ?
No, like Apple and Amazon and Microsoft, amongst others.
Own it. I do.
seattle prattle wrote:
Ghost of Igloi wrote:
Like CHK and UBER! ?
No, like Apple and Amazon and Microsoft, amongst others.
Own it. I do.
Within the last five years the debt levels of the three companies have exploded:
MSFT = + 300%
AAPL = + 50%
AMZN = +300%
No one cares, currently.....
Ghost of Igloi wrote:
seattle prattle wrote:
No, like Apple and Amazon and Microsoft, amongst others.
Own it. I do.
Within the last five years the debt levels of the three companies have exploded:
MSFT = + 300%
AAPL = + 50%
AMZN = +300%
No one cares, currently.....
Here's an enlightening article on corporate debt levels, and if it might be an issue or not, and why (from PBS):
https://www.pbs.org/newshour/economy/is-the-rise-in-u-s-corporate-debt-cause-for-concernAnd i quote their conclusion:
"The amount of corporate debt has been growing since the recovery from the Great Recession, but this aggregate growth in the amount of debt appears mostly consistent with the robust growth in corporate profits.
Debt as a share of the total firm financing mix is much lower today than it was during the 1980s and early 1990s. The mix of debt tilts in the direction of loans versus publicly-traded bonds, and because well-crafted covenants are an important tool for protecting against loss, it is important to continue to pay attention to changes in covenant quality over time.
Finally, rising interest rates could quickly erode the profitability of firms that have borrowed at floating rates or using short-term debt."
Seattle prattle (on a different, read: faster, browser) wrote:
Ghost of Igloi wrote:
Within the last five years the debt levels of the three companies have exploded:
MSFT = + 300%
AAPL = + 50%
AMZN = +300%
No one cares, currently.....
Here's an enlightening article on corporate debt levels, and if it might be an issue or not, and why (from PBS):
https://www.pbs.org/newshour/economy/is-the-rise-in-u-s-corporate-debt-cause-for-concernAnd i quote their conclusion:
"The amount of corporate debt has been growing since the recovery from the Great Recession, but this aggregate growth in the amount of debt appears mostly consistent with the robust growth in corporate profits.
Debt as a share of the total firm financing mix is much lower today than it was during the 1980s and early 1990s. The mix of debt tilts in the direction of loans versus publicly-traded bonds, and because well-crafted covenants are an important tool for protecting against loss, it is important to continue to pay attention to changes in covenant quality over time.
Finally, rising interest rates could quickly erode the profitability of firms that have borrowed at floating rates or using short-term debt."
You can look at the latest annual reports of the three stocks you highlighted and see that is not true. A cursory judgement of slowing corporate profits and rising debt levels shows that is not true. Many of these analysis uses a comparison ratio of debt to equity value for comparison, which is like comparing HELOC debt to home equity value. Works just fine when every thing is going up, change the direction like last fall—not so much. Good thing the Fed aggressively cut rates and re-instituted QE or we would not be having this dialogue.
Sorry, but i just can't fathom that the likes of Apple, Amazon, and Microsoft, with the amazingly strong balance sheets between the three of them, wouldn't be managing their debt wisely.
seattle prattle wrote:
Sorry, but i just can't fathom that the likes of Apple, Amazon, and Microsoft, with the amazingly strong balance sheets between the three of them, wouldn't be managing their debt wisely.
Perhaps, certainly question AMZN and MSFT. AMZN the purchase of Whole Foods and MSFT the purchase of Linked In. Remember MSFT ended up writing off the purchase of Nokia handset business a few years back and all cheered the non-GAAP accounting. Of course it wasn’t loss.
Question all you want. I bought in in no small measure and one might think it was wise to do so.
Wondering why you can't find reason to criticize Apple.
No, AAPL seems OK, however they spend too much on stock buybacks. This is done to aggrandize Tim Cool and other insiders. Of course they are not alone. Sign of the times. Glad you are doing well though.
Thanks, Igy. Happy Thanksgiving, hope your running is going well and are enjoying these times.
Doing well. Dropped some weight, and times. All good. Wife doing up a good Thanksgiving spread. Family coming over. Have a good day as well!
Ghost of Igloi wrote:
Turkey Trotter wrote:
I just finished our local 5k in a blazing 21:46. I blame this DGTD thread, which I have been thinking about since last night.
I have lurked for years but never posted, but reading all of your best Thanksgiving wishes for each other got me.
Maserati put it succinctly for me: 15% annualized so far, and for what? What happened to all of the 2-4% forecasts that meant all of the pension funds would be in trouble? It’s a giant step from 3% to 15%, 5x the gains that were projected just recently. Guys here were taking buyouts last year based on those low projections.
Why were all the projections so wrong? Will they be wrong about next year, and about the period of stagnation that has been forecast?
Thinking about this while running made it the fastest 21:46 in my life, lol. Happy Thanksgiving from this EMT, who has to report for his shift in an hour. It’s a busy time of year for us, I hope to see none of you today :)
I was slower than you 27:17, but I was over 2:00 faster than last year, same course similar conditions. I did that after wrestling trolls earlier this morning. Igy strength!
Happy Thanksgiving ???
Outstanding Igy strength, and welcome to the lurker.
I ran very well today at my turkey trot - my best time at that distance in three years even. Won my age group and top 1% overall. Including the women, which is not fair but hey life isn't fair so I'm counting them.
I'm feeling good. Running my best age graded times of my life, net worth at an all time high, mortgage will be gone next year, will be done paying for agip junior's college in March 2020. As long as the Fed keeps on printing I'm good to go.
Congratulations agip, that is quite an accomplishment on all fronts. Certainly much to be thankful for.
