May 5th, 2012 :
Dreamliner finally in the air.
I'm surprised they didn't just go back to Metal hybrid batteries like Airbus decided to go with. (Couldn't be that much more weight.)
Anyways, good to see it's back in the air. The quarterly statements came in and Boeings shows a 24% per share earnings
Lockheed's quarterly profits rose 3.9% to $727 million on the latest quarter on a revenue of $11.87 Billion.
Northrop Grumman reported a better than expected their quarter. (at 4%.)
General Dynamics Corp. fell short. (at 3%)
Raytheon came in a 12%. You know right there, what is selling these days.
It sure isn't that Abraham tank. At one time Abraham tank sells kept 6,000 workers going. But now days it's about 1,250 and because of the cut back in defense spending, they are getting cut back to only 1,000.
The deal is, nobody buying for other countries are willing to cough up the money for something that roadside bombs do heavy damage to.
General Dynamics Corp. is lobbing hard for some takers for their armoured personal carrier. From my guess, the selling point it the lesser expense at repairing the thing and getting it back on the road again.
But really folks, a military with the technology that we have now. No one needs to get dirty like they used to. Between missiles that can steer by themselves or by remote control and the ones designed to shoot them down as well. Nobody needs a dirt road to fight a war.
I've been wondering what my friend Syria has been thinking lately.
I bet she thinks that the Americans weren't thinking very well when they stood around laully gaging about some kind of weapon of mass destruction Saddam Hussain had tucked away some where.
From where Syria stands, she knows Suddam Hussain was loading up big planes full of his chemical weapons and flying them of to his buddy for safe keeping. Never the less, I wonder if there was some kind of default plan in there other than the only thing I can think about it is that it very well could have been a good backup plan for the US to get into another war once the two others were just about sewn up? It would surely similar the military machine again.
And even though we know just how much we can count on the media to cover the real news, regarding to facts.
Like what the hell is a president even haggling about going into Syria until things can be proven one way or another. When the fact is: THAT WE ARE ALREADY ATTACKING SYIRA! The US of A gave Isial 20 F-22 fighter jets this Year along with 200 obsolete Abraham tanks. I'm not sure if that's all included with the $3 billion in defense aide.
(The Iron Sheild program is costing the US $75,000.oo per missile to shoot down thousands of $500.oo missiles.)
And oh, I saw that bit on TV where the wives and kids of guys in the military were able to meet up somewhere and have their families stay on board.
I think that is such a cool idea. If the military would trim back more, they probably wouldn't have to be using cots.
October 25th, 2012 :
Lockheed Belly Aching.
On those defense cuts, and the layoff notices (that didn't go out and we are having to pay fines on.)
That Obama said wasn't going to happen during the debate. Well Lockheed as well as other defence contractors are waiting for a new contract from the government before the January shut down and they just can't seem to get it.
However, Lockheed's quarterly profits rose 3.9% to $727 million on the latest quarter on a revenue of $11.87 Billion.
Northrop Grumman reported a better than expected their quarter. (I wonder why.)
General Dynamics Corp. fell short. (I wonder why?)
-I got the info for this bit from B-2 of the WSJ
October 24th, 2012 :
Two trump cards the company BAE Systems PLC claims to have. (B-3 of the WSJ)
Just lately they tried to get bought up by the parent of Airbus, European Aeronautic Defence & Space.
However, that fell through and now the claim to have two other direction to go looking for more revenue since 70% of their business is with US and UK defence contracting business. Now with Obama's cuts, (which means lay off that they are not announcing until after the election, at the cost of fines paid by the US tax payers.)
Anyhow, they are looking to expand sales outside Europe , and (like it's nothing I didn't think of before.) BAE says that now they are aiming for the civilian home based services.
BAE just happens to be Australia's largest defence contractors.
And on this side of the ocean A-K Steel just announced that the losses have widened in the 3rd quarter. (On B-9 of WSJ)
Last year AK Steel lost $3.5 million but with the help of Obama, they lost $60.9 million.
The Loss is costing share holder between 55-65 cents per share. Revenue has fallen 7.7% and the price they are getting for the steel they produce has fallen 7.3%. Not good, but what do you expect with Obama. I 'm sure I know who the folks down at AK Steel are voting for this time around.
It's pretty bad when people say that a cell phone can help revive an economy?
Really, it's $200 in parts and what ever the labor is worth.
With a profit margin of over 70%, I think of it as more or less a scame, because very few rep the rewards, and that doesn't necessary revive an economy.
It's still something that fits in a trash can and can only become obsolete.
Then is FaceBook really worth it?
Get real, it's just another MySpace.
That money is going to come from somewhere.
Just think, we've just proved that Google will slander for money and there isn't much you can do about it because they have so much money.
How can one say that another I.P.O.,
is the last thing you should buy. 2.2.12
Update: See this thing in WSJ Feb.11-12-2012?
Where the parents of dead kids have to spend money on lawyers to get control of their child's FaceBook account?
A month later after the kid's death?
Well, maybe it's because the lawyers who work for FaceBook know that they will only make more money if such a thing happens to us.
Kinna what I was talking about just what; 9 days ago?
Give me a brake. 2.11.12
October 25, 2011:
I came across this bit written by William O'keefe in the Investor's Business Daily on Page A-15 today.
He states: just as Obamas $830 billion dollar bail out, his $447 billion stimulus bill will give little relief 25 million un or under employed Americans.
Interesting is the fact: In 1986 the IRS's instructions for the Form 1040 totaled 52 pages.
For the tax year of 2009 IRS instructions came in at 105 pages.Internal Revenue Code plus all IRS regulations grew from 5.7 million words in 1986 to 9.1 million words in 2005.
The article didn't say what the number of words are now, but he did say, "have expanded significantly since.
Get this: Back in 1955, the Code and the IRS regulations totaled just 718,000 words.
Now I'm one to feel that I've had to have written a million words in my life, and my book runs about 300,000 words. And I'll tell you ten million words for tax code and regulations is just too much. It's flat out mind boggling.
September 2nd, 2011:
;Yah have to laugh, August showed no signs of improvement. We got no new jobs and the president is busy polishing a speech for next week. Like a few encouraging words is going to make any difference.
Someone should tell him that the auto manufactures sure don't hold the key to prosperity. You need prosperity to be able to buy the damn keys to the new shinny piece of junk.
Here sits the guy who can create more jobs than any one else in the world and I'm hoping that my food stamp card gets filled tomorrow.
I don't know about you but I'd be really embarrassed.
The only people around here who has made any money around here, are the guys who welded the man hole lids down. And of course, Spencer's removed some of the cob webs off their cameras, so I'm sure they are making a few duckets. But everyone is wondering when I'll see any of mine.
I'd have to look back in my journal to be able to tell for sure when the rumors were going around; about how the City of Morro Bay was just going to pay me and how the locals here were figuring that I'd have my truck on the market within a year.
But what they don't understand is that it's a month to month thing they got going. They are willing to fork over $500 million per month just to make sure I'm still shitting in a bucket. So add a few months to that year guys because it has been going on for over a decade and closing in on two.
In the mean time, were are breeding stupid people and getting dumber by the day and that is just the way they want you.
September 1st, 2011
I looks as though the stock market hit a bottom pretty hard, but this week even though the hurricane hit and everything, from what I hear, we had a pretty good deal of holding the market up. Monday most of the stocks that are affected by me jumped two of three bucks in most cases. Amazingly even a few I predicted to drop, stayed pretty firm and even rose a bit. I had more to say, but I'm a bit tired right now Aug 31 10:05 pm
If you have money in the stock market. Let me tell you what you have. You have over inflated stocks. Reason being. What do you think happened to all that bail out money Obama and company handed out. It went into the stock market because everything was at bargain basement
prices. And when every Tom, Dick and Harry saw a rebound, they decided to hop on the bandwagon. The companies involved like GM raised the prices and when others bought the stocks off them at the inflated price GM and others pulled the bail out money out of the market along with the profits on top . (Which means Tom Dick and Harry's everywhere were buying the stocks off the bail out money investors.) With the profit made off bailout money, companies like GM paid back the money we handed to them. But
the Tom Dick and Harry's are now left holding the stock that the bail out money inflated. After all the rebound excitement, those TD&Harry's
are left holding the stock. But the economy didn't rebound as much as the stock did. So to keep it short, the stocks are just not worth the money the TD&Harry's think it is. There is nothing to shore it up and it's likely to tank hard once people figure that out.
Now the tricky part that is quite difficult to explain:
The US government has granted patents fraudulently.
Or should I say that they granted a patent to an applicant who they know was applying for a patent fraudulently. (When you apply for a patent in the US, You have to sign a statement claiming that you are the true inventor, if you are not - it is considered a felony crime - punishable by prison sentence.) Once the US Patented was granted, the US never placed it in the data base that is used by patent offices though out the world to see if there is any prior art, pending applications and patents already
the said invention.
Patent offices in foreign countries couldn't find the hidden art work so they granted patents to the true inventor, but if they would have found the fraudulent patent or pending application they would not have granted a patent on the said invention to the true inventor unless the fraudulent patent or pending application was challenge and the true inventor was proven to be the rightful owner.
Therefore the true inventors may have been paying maintenance fees for patents in foreign countries for patents that should never had been granted in the first place. And this had gone on more than a decade.
Now see, the sticky part is the countries who granted the patents on inventions with parent applications in the US can't tell if any of the patents they had granted are actually valid.
So, what do you think the European countries are thinking? The whole US patent industry is tainted. They really can't enforce any of the patents that come out of the USA. So you can say, the USA and all of it's industries are on their knees, because the European as well as all the countries around the Globle, don't have to honor shit that comes out of the US.
If my patents are deemed invalid, they all are.
Well, let me tell you a little story............
Another way to put it: If you are going to file for a patent in more countries than just the US, you better file outside the US first or you may discover the patents you pay money on every year, are not worth the paper it's written on.
So, What is Obama and Company going to do about that? They are up shit creek with out a paddle.
The scariest stocks right now are the drug companies.
See, what I mean. Dam that was hard to write out and if you didn't understand it, be sure to stop back later after it has a few rewrites
April 22, 2010:
It is clear to me as to who helped write Obama's Medical Bill;
my truck insurance just went up 40%
September 1st, 2009:
It looks as though the Dow experienced the best month of August since 2000. Stocks climbed 45%
since March, but many investors are a little worried about the month ahead. September is usually the worst month out of the year and the drop in numbers in the last two days in August have got them a little edgy. Since March the only month that didn't gain a pretty good amount was June but it didn't loose much. Oh well. The country is going in debit to its government anyway. I feel sorry for the working class people in about ten years. That so called middle class won't be so much middle class. They will
be trying to figure out how to reuse toilet paper.
December 29th, 2008:
Billionaire investor Kirk Kerkorian, has invested in all of the Big Three auto manufactures at one time or another.
None of them listened to his advice and now he has given up on them.
Tracinda Corp. no longer owns any shares in Ford, a spokesperson for
the investment arm said Monday. Tracinda, which sold 7.3 million shares
of Ford common stock in October, had said it might continue dumping its
holdings through the end of the year. Mr. Kerkorian had about 133.5
million shares remaining.
Gone now is his 6.1% stake in Ford
Just think; a couple months ago Cerberus Capital Management (Chrysler) was in talks about a merger.
Or as I would call it just as many others would: a stock swap.
deal in the end was that the two who are partners in GMAC were about to
eliminate compition by dumping all but seven of Chrysler's models. ( It
cause some ruckus because there would be jobs lost at Chrysler.) But
then came along the $700 billion hand outs and that made for a new game
Then GM said in order to stay alive they needed money so they could build an electric car.
Next was the announcement of the opening of a new factory in China that was to build an electric car.
(Kinna what the auto manufactures did to Australia: Move the jobs overseas.
However, Bush had weak knees and handed them $19 billion.
on the agenda was to do some stock swapping at GMAC so that they would
be able to classify the company as a bank in order to get their hands
on more of that tax payers money.
Sure enough, they will double dip and get more of the hand out money.
And oh, to my knowledge, the restructuring over site committee doesn't look at anything they do with less than $25 million.
Hell, you can do a lot with $24 million. Rule No. 10, but then just how stupid are we?
note: Cerberus, which led an investment group that bought a 51 percent
stake in GMAC from the automaker for $14 billion in 2006
Now it is expected that GMAC is looking for about a $6.4 hand out.
December 4th, 2008:
So far the auto manufactures are proving to waste our law maker's time and haven't received a dime.
The deal is: the automakers have lost more this year than they are asking for and it takes about 14 months to produce a new model of a car. They would be back within a year asking for more money.
It's quite clear the Big three don't know what they are doing and besides, nobody wants to help them anyway.
November 15, 2008: Today in the Wall Street Journal,
on Page W1, David Yermack published an article :
Just Say No to Detroit
Yermack writes about what the legendary economist Michael Jensen whom said in his 1993 presidential address gave to the American Finance Association.
Mr. Jensen's presentation included the ranking of which U.S. companies made the most money-losing investments. He said that top[ two on his list were GM and Ford. Between the two they had destroyed $110 Billion in capital between 1980 and 1990.
In this article, it mentions Roger Smith, a chairman and chief executive for General Motors, and how he thought that general Motors should exit the auto manufacturing business because many other companies made better vehicles at lower cost.
David Yermack goes on and says that we would be better off if Washington allowed these companies to go bankrupt and disappear.
Basically he say that: Given the abysmal performance by Detroit's Big three, it would be better to send each employee a check than to waist it on a bailout.
On the from page of WSJ there is a bit about how Senate Majority Leader Harry Reid plans moving forward with a bill that would give the auto industry access to the $700 Billion Troubled Asset Relief Program. (TARP) Good thing the Bush administration and the Senate Republicans oppose giving the auto manufactures access to TARP.
However Bush is pushing Congress to speed up the release of $25 billion in already-approve loans to the auto industry.
Gee, tax payers sure give away their money to any industry that wants a hand out. Suckers.
up to Oct.23, 2008