"Now that the numbers are out of the way, there are two key areas that management spoke about. An area of concern, which was the opening point from the new CEO Kevin Johnson is the state of US malls. Foot traffic to malls is slowing and a number of malls are closing." To market … Continue reading The Caffeine Bean
"Well we are at year 9 and the current score reads, S&P 500 is up 85% and the hedge fund industry is only up 22%. As the market adage goes about hedge funds, "a compensation scheme masquerading as an asset class". The push back on underperformance and high fees is starting to be felt in … Continue reading Fund my Supercar!
"One thing that often shocks me, and you have heard us say this before, is the enormous pushback that companies such as these get from the broader community. They are shocked and outraged at the cost of the therapies, yet give little time and effort into trying to understand not only how much money is … Continue reading Curing Cancer
"Bill Gates of Microsoft started a business out of his garage, Phil Knight of Nike sold another business's shoes out of the back of his car, more recently Mark Zuckerberg founded Facebook in the more comfortable surrounds of his university dorm room. Really? Probably more comfort for the Zuck, better aircon and of course he … Continue reading Garage gains
"Whether or not you understand what the drugs treat, or whether or not you simply try and understand the specific therapies, that does take a big amount of new reading. Mostly into fields where there could have very little expertise" To market to market to buy a fat pig On Friday there were more … Continue reading Amazing Amgen
"11 months and 10 days after writing this open letter to Tim Cook, the dude said he no longer owned shares in Apple. I am guessing he ended lower than where he started. So much for being a no brainer, a company like this only coming along every half a century, the year 2020 and … Continue reading Icahn can’t
"The numbers quick sticks, for the full year, as those are available. The company produced revenues of 21.662 billion Dollars, an increase of 8 percent on the year. The company spends an enormous amount on R&D - Research and Development (looking for the next huge therapy), 18.7 percent of all revenues. That is a … Continue reading Amgenerous
"Perhaps the Federal Reserve in their statements should simultaneously give everyone a placebo and tell them everything is going to be OK. Look, I am not going to understand how it is, all I know is that far too much emphasis is placed on the single actions of the smartest academic minds around, at least … Continue reading Fed said make bread