Postmedia Networks. This dog has had a bit of a rally lately. Don't know why. Perhaps the news of a pay wall stoked the share price a bit, but there's never anything in a Postmedia title that you can't get free somewhere else, so I don't see this going anywhere.
Facebook. Been holding its own in the mid twenties. That's a temporary aberration. There's still millions of teens using Facebook as their platform of choice for cyber-bullying purposes, but beyond that, Facebook has had its moment in the sun.
Bombardier Rec Products, or "DOO" as they so cleverly designated their stock symbol. As in Ski-Doo, Sea-Doo, etc. This was an IPO designed to get the Bain Capital guys their money back for the third time over, and I have no clue what would motivate a sensible investor to park money there. Sea-Doos and Ski-Doos are the province of working class types with disposable income. Guys who used to be $30/hr welders at Caterpillar.
Now they're not.
Any Canada-based gold miner. Barrick is busy remaking itself from the world's biggest gold miner to the world's biggest bankruptcy. Centerra is busy motivating the plebes of Kyrgyzstan to overthrow their government. Hold your nose and take a little loss now instead of a bigger one later.
Showing posts with label Bain Capital. Show all posts
Showing posts with label Bain Capital. Show all posts
Friday, May 31, 2013
Thursday, January 17, 2013
Pot-addled hillbilly blows Goldman Sachs out the door with 350% gain
And not just Goldman Sachs, but Bridgewater and Bain and all the rest of them.
I wrote this on September 28 last year;
No matter how you look at it RIM is a buy in the current price range.
The price at the time was a smurf-hair over six bucks. The price at closing today was a smurf-hair under fifteen.
That's about 110% in just over three and a half months.
Or about 350% annualized.
Sweet!
I wrote this on September 28 last year;
No matter how you look at it RIM is a buy in the current price range.
The price at the time was a smurf-hair over six bucks. The price at closing today was a smurf-hair under fifteen.
That's about 110% in just over three and a half months.
Or about 350% annualized.
Sweet!
Thursday, February 16, 2012
Romney; corporations are people but workers are a liability
There goes Mitt, strutting around Michigan blowing the anti-bailout trumpet. He thinks he's campaigning.
That's not a particularly receptive audience for that particular trumpet, one would think.
Folks in Michigan remember the original Chrysler bail-out, the loan guarantees of 1980. That was a deal originally agreed to by a Democrat. Ronald Reagan was originally against it, but once he saw which way the wind was blowing he was all over it. Got on great with Chrysler boss Lee Iacocca too.
The bailout saved the company and tens of thousands of jobs in Michigan.
And Mitt doesn't seem to want to spend a lot of time talking about how the government bailed out the pension plan at GS Technologies, one of the many victims of the "restructuring specialists" at Bain Capital.
Long story short, Romney's restructuring specialists took control of GS for eight million dollars, paid themselves a dividend of 36 million the following year, and then let the company go down the drain. It was left to the federal government to cover the losses in the GS pensions.
But that's capitalism today. Nevermind the time-consuming process of building a company up through decades of hard work and innovation and struggle in the competitive marketplace.
That's for old-school idiots.
Romney stands for new-age vulture capitalism. Buy it, strip it, dump it.
You'll get a lot richer a lot faster.
That's not a particularly receptive audience for that particular trumpet, one would think.
Folks in Michigan remember the original Chrysler bail-out, the loan guarantees of 1980. That was a deal originally agreed to by a Democrat. Ronald Reagan was originally against it, but once he saw which way the wind was blowing he was all over it. Got on great with Chrysler boss Lee Iacocca too.
The bailout saved the company and tens of thousands of jobs in Michigan.
And Mitt doesn't seem to want to spend a lot of time talking about how the government bailed out the pension plan at GS Technologies, one of the many victims of the "restructuring specialists" at Bain Capital.
Long story short, Romney's restructuring specialists took control of GS for eight million dollars, paid themselves a dividend of 36 million the following year, and then let the company go down the drain. It was left to the federal government to cover the losses in the GS pensions.
But that's capitalism today. Nevermind the time-consuming process of building a company up through decades of hard work and innovation and struggle in the competitive marketplace.
That's for old-school idiots.
Romney stands for new-age vulture capitalism. Buy it, strip it, dump it.
You'll get a lot richer a lot faster.
Mitt Romney in Michigan; steps in cowpie while trying to get other foot out of mouth
... and the whole time he's got his head up his arse!
That whacky Mormon. What a mensch!
Just today I was reading the saga of Mitt's (corporations are people but workers are a liability) takeover of a steel mill in Kansas. The Bain Capital boys bought control of the place in '93 with 8 million of their own money.
The next year they paid themselves a special dividend of 36 million. Whee-ha! That is good old yankee ingenuity at its finest, is it not?
Anyway, the 90's were not kind to the steel business, and a few years after Romney pocketed the "special dividend" a company that had once employed thousands was shut down for good. The federal government had to step in and bail out the employees' pensions.
Mainwhile the Bain boys had set up a new non-union steel plant across town. Lavished with state of the art technology and a lower pay structure, it's done very well.
Oddly enough, Mitt's been touring the state of Michigan touting the evils of bail-outs. Kind of bad timing that GM's record results came out in the middle of his campaign there.
Then again, you can't blame Romney for the government bailing out the pensions of his former employees.
He woulda let God's will run its course.
That whacky Mormon. What a mensch!
Just today I was reading the saga of Mitt's (corporations are people but workers are a liability) takeover of a steel mill in Kansas. The Bain Capital boys bought control of the place in '93 with 8 million of their own money.
The next year they paid themselves a special dividend of 36 million. Whee-ha! That is good old yankee ingenuity at its finest, is it not?
Anyway, the 90's were not kind to the steel business, and a few years after Romney pocketed the "special dividend" a company that had once employed thousands was shut down for good. The federal government had to step in and bail out the employees' pensions.
Mainwhile the Bain boys had set up a new non-union steel plant across town. Lavished with state of the art technology and a lower pay structure, it's done very well.
Oddly enough, Mitt's been touring the state of Michigan touting the evils of bail-outs. Kind of bad timing that GM's record results came out in the middle of his campaign there.
Then again, you can't blame Romney for the government bailing out the pensions of his former employees.
He woulda let God's will run its course.
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