In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Executives at the Magic Kingdom want nothing to do with Twitter even though it has 313 million users; and generated $2.476 billion in revenue during second quarter 2016. Bloomberg reported that Disney CEO Bob Iger was worried that Twitter’s reputation as a venue for bullying, racism, bigotry, sexual misconduct and other bad behavior would tarnish the Disney brand.
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NSC proves that railroads may no longer be a reliable value or income investment. Instead they are facing a struggle for survival in a changing world.
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Western Union is making a lot of money and generating a lot of float for its size. It’s also easy to see why its stock value is going up. Ycharts reported that investors were rewarded with a dividend yield of 3.13% and a return on equity of 63.2% on September 16, 2016.
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That’s what makes it a widows and orphans stock, no matter what happens it will make money for the foreseeable future perhaps the next 10 years or so. This reminds me of another major Buffett investment; Walmart Stores Inc. (NYSE: WMT). Like Apple, Walmart has so much money $483.83 billion in revenues in June 2016; that it can survive what would be catastrophic losses for the average company several times over.
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A big reason why Torchmark stinks is that it’s overpriced. This is a company that reported revenues of $3.679 billion and a net income of $540.8 million on June 30, 2016 yet it was trading at $62.04 a share on August 16, 2016. Okay to be fair one of the companies ycharts listed as its direct competitor American Equity Investments (NYSE: AEL) reported a net income of $100.95 million on the same day.
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It might not be long before we see major revenue and share-price drops throughout the auto insurance sector. Expect Allstate and Progressive’s share prices to take a major nosedive in the near future if these trends continue.
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The situation at Kansas City Southern should make investors reconsider the notion that railroads are a value investment. Changing economic conditions are calling that value theory into question. Political conditions and the potential of major technological disruption; in the form of innovations like Hyperloop, make railroads a far riskier investment than they once were.
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Goldman Sachs lost more than half of its net income between March 2015 and March 2016. The bank reported a net income of $9.288 billion in March 2015 that fell to $4.37 billion in March 2016. That’s a decline of $4.918 billion and it appears to be accelerating.
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For the first time; more business travelers listed ride-hailing apps such as Uber and Lyft than rental cars on their expense reports, accounting software firm Certify reported. Certify found that 43% of business travelers used networked transportation solutions; and only 40% rented a car in fourth quarter 2015, Bloomberg reported.
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It is hard to imagine Berkshire Hathaway without Warren Buffett. Its share price will fall by 10% to 20% after Buffett’s death even if he chooses the perfect successor.
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