In particular I think eBay is in a great position to go acquiring. There are some interesting potential acquisitions for it out there; including Etsy (NASDAQ: ETSY) which had a market cap of $1.876 billion on August 9, 2017. Another is Overstock.com (NASDAQ: OSTK) – the big O had a market capitalization of $456.26 million on August 9, 2017.Read more
Microsoft just turned in a stellar earnings report for second quarter 2017 that contains such incredible numbers. Value investors had better take notice because Microsoft also demonstrated that it is one of the best money makers in the market today.Read more
All of this makes Bank of America a value investment because it has a lot of problems, but it’s still capable of making a lot of money. More importantly it’s cheap because the problems scare a lot of investors away.
Those who stay do make money they were rewarded with a return on equity of 8.12% on June 30, 2017. That was up from 6.65% in June 2016, which proves bargain hunters like Warren Buffett are right about this stock.Read more
These numbers show us that Nordstrom is neither a value investment nor Amazon-proof because it operates at a very narrow margin. All Amazon or Walmart would have to do to seriously damage Nordstrom is take 3% to 5% of its customers away.Read more
Instead it is rideshare drivers; those hardworking immigrants and unemployed factory workers who make their living through Uber and Lyft that will make Pacifica a hit. As I noted last year the Pacifica seems designed for ridesharing. Some of its basic features include:Read more
Strangely enough not getting single-payer is also a potential nightmare for UnitedHealth; because if Buffett’s predications about costs come true, its business might become unsustainable at some point. Health insurers might be forced to drop all but the youngest and healthiest policyholders; or raise deductibles so high that their coverage becomes useless for most people, if costs spiral out of control.Read more
There is a simple reason why traditional automakers will dominate the future of ground transportation: they have a lot of cash. Even vehicle manufacturers in trouble have a lot of money in the bank.Read more
That makes Cummins a great way of hedging for the advent of electric vehicles (EVs). If EVs come Cummins will make a lot of money providing the powertrains for them, if they do not it still has a lucrative diesel business to fall back upon. Persons that want to make a bet on electric vehicles should ignore the money losing Tesla and invest in Cummins instead.Read more
Trump has proposed a tax holiday to let companies bring the money back, something that might be politically impossible to sell to Congress. Although a Republican Congress did give President George W. Bush a tax holiday in 2004 when two thirds of the earnings were repatriated, Wells noted.
If such a holiday were to occur; and it is a big if, a lot of the money would come through BNY Mellon. CNBC estimated that companies would bring $1.7 trillion back to the U.S. That might generate fees for Bank of New York which moves funds for big companies.
Such a holiday might be unlikely now because few Congressmen or Senators would want to be seen giving big corporations a huge tax break in today’s political climate. Hostility to Wall Street and big business is running high and destroying the careers of politicians seen as puppets of moneyed interest such as Hillary Clinton.Read more