Recent comments by JP

Oh god, I'm repeating myself. Time for a saturday night. Nytol

Outsider wrote:

I started with Jethro Tull, I'm gonna end with them. Hope they're taking their vitamins.

Love Which tour?

I actually started with Foghat (Sweet opened, they have one song that anyone has ever heard of), then Kansas.

Then Tull. I was 10th row on the floor in the New Haven Coliseum for Stormwatch. The stage was a big U, so we were 5 rows from Ian when he would show up stage left.

Now about this ringing in my ear from the speaker stack...

Maybe I should go right after my first dead show?

Sounds like the timing is just perfect for me to put Burning Man on the bucket list.

But I am tempted to wear leather pants. I think it will look smashing with my balding physique.

Bah. That's old hat, was there like 15 years ago.

It's not that I never get out, it's just that I'm always so late to the party that the party has already finished.

In other matters, I'm going to fill in a gap from my youth tomorrow: Whiskey a Go Go.
I'm confident I'll be the oldest man in the place.

Jackdawracy wrote:

There was only a quarter of a million people in jail/prison in 1950, versus 2.3 million today.

Hyperinflation!

"Sir, I have been through it from Alpha to Omaha, and I tell you that the less a man knows the bigger the noise he makes and the higher the salary he commands." - Mark Twain, How I Edited an Agricultural Paper,1870

I'll note that I commanded quite a high salary (when I worked for someone else. As my own boss, I'm too much of a cheapskate to pay such wages.)

The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing

- NY Times

Facepalm I can't believe this exists.

.
Whoops, missed that it was maintenance. Nice.

But really: I wonder if the bidder is dangling this big carrot in the bid, and then would demand that back taxes be wiped out before closing the deal.

Rob Dawg wrote:

Either the bidder is an idiot and doesn't have the pull to have the tax bill wiped or is a genius and has the deal in place.

FTA:

“It could be—and this is all speculation—that the people who are bidding on it are altruistic in nature,” Szymanski hints.

New Keyboard

Antipodes wrote:

By the time a bottle of Bogle reaches NZ retail shelf, it costs about NZ$22!

Considering the way we get reamed on NZ wines, well, all's fair in love and war and export wine pricing apparently.

Almost on topic!
Buying Derelict Detroit: Mystery Bidder Wants 6,000 Foreclosed Homes - Businessweek

“I had cancer 12 years ago, and this is exactly like cancer,” Szymanski says. “If you don’t get it all, it’s going to come back.”

I thought of that just after my tongue in cheek post. And yes, I'll happily drink it.

Though as I get older, my liver is not as happy to drink as much as it used to. Sad

Rob Dawg wrote:

Twist, snap, unscrew, let it breathe, sniff... Ahhhh "Thursday."

Heathen. I will not drink anything from the past month.

ResistanceIsFeudal wrote:

It gets tougher every round. The predators turn on each other.

Watching VCs in real time was something to behold.

Hey! That's getting personal there bub.

btw, it was a great movie. And that whole merlot scene proved well that the vast majority of the movie going audience does not get metaphor.

Rob Dawg wrote:

Merlot, bitchez!

Fixed It For Ya

Perfectly good Merlot pricing went through the floor. I wish somebody would do the same for Bordeaux.

Outsider wrote:

Economists come in all sorts of flavors.

That's a new tune for Rosenberg. Makes me want to go short.

Rob Dawg wrote:

sporkfed wrote:

Gave me a loaner for the day, washed and detailed the car and got a coupon for a free oil change.

Lucky dog. Most loaner wives won't even do the dishes.

New Keyboard

shill wrote:

Interest rates could stay low permanently, says Bank of England deputy governor - Telegraph

We have reached a permanently low plateau!

snopes.com: Coca-Cola Acids

The rest of the claims offered here are specious. Coca-Cola does contain small amounts of citric acid and phosphoric acid; however, all the insinuations about the dangers these acids might pose to people who drink Coca-Cola ignore a simple concept familiar to any first-year chemistry student: concentration. Coca-Cola contains less citric acid than does orange juice, and the concentration of phosphoric acid in Coke is far too small (a mere 11 to 13 grams per gallon of syrup, or about 0.20 to 0.30 per cent of the total formula) to dissolve a steak, a tooth, or a nail overnight. (Much of the item will dissolve eventually, but after a day or two you'll still have most of the tooth, a whole nail, and one very soggy T-bone.) By comparison, the gastric acid in your stomach's digestive fluids is much stronger than any of the acids found in Coca-Cola.

Edit: I originally quoted the thing they were refuting. Facepalm OK time to knock off. Nytol

probably carbonic acid, like most soda. (soda = sodium carbonate in older days.)

Silicon Valley is a nice place to visit, but just don't drink the water.
San Jose: E. coli in tap water prompts boil notice - San Jose Mercury News

Outsider wrote:

That's our problem today. We're lacking scents.

The problem with common scents is that they aren't so common.

Hmmmm. Tempting. Perhaps I need to stew on it.

I'm still trying to figure out what to suggest for building the site.

Perhaps the world's leading mortgage broker site. Or the world's leading leveraged recapitalization site.

So many business plans to choose from.

redacted. I'm too classy for that.

Mike in Long Island wrote:

He took the subway to Brooklyn and a taxi home.

I assume Brooklyn is considered expendable.

ResistanceIsFeudal wrote:

This stuff is complicated enough that if I ever reached that level of king of the hill, I'd want to hire an attorney that specialized in tax evasion.

The more I think about it, the more I think wilberforce is right. There's been a lot of bad press about inversions, so omitting the foreign aspect from the release might make sense if you get the lawyer convinced.

Edit: Barley, what scenario do you think?

Wilberforce wrote:

if neither the borrower nor the lender is in the US, repatriation is never an issue. think SPV's based in the Caymans or Dubai.

Yes, but I would have guessed that there would have been a statement to that effect in the release. But hey, just because I think it's material doesn't mean it's material.

anywhoo, a company like AAPL wouldn't even need collateral for its bond issuance.

Yes, I had KLA in mind. Still a well-known solid company, but not at the level of aapl.

Wilberforce wrote:

A Case for Leveraged Recaps: Stock Gains - MoneyBeat - WSJ

I think this has a possible answer: It is fashionable, and corporate boards are susceptible to groupthink.

"ZOMG, our McKinsey consultants recommended it as a way to boost the stock price. If we don't, then the activist shareholders will step in!"

Wilberforce wrote:

using that cash as collateral;

Perhaps they are disguising an inversion or other international arrangement, but on the surface: Nobody will let you use the cash as collateral without deducting the taxes for repatriation, since they know if they went after the collateral the taxes would get paid.

Nemo wrote:

I just now registered leverupbitches.com. Just in case.
Leverupbitches.com Whois Lookup - Who.is - Who.is

New Keyboard

BarleyReturns wrote:

Nemo that sounds like a desperate tax solution

You lost me: What kind of tax scenarios would cause that? The dividend (heaven forfend!) will be taxed twice, which usually raises the ire of shareholders.

Bubblisimo Gerkinov wrote:

I thought we determined that Belmont was a bot.

No programmer would allow his bot to have such a bad understanding of finance.

ResistanceIsFeudal wrote:

come up with something clever or unique, and wait to see if Ken likes it enough to make an icon.

I hear that buying a couple of dozen tiles may help make the case.

Nemo wrote:

Because it looks like a recipe for guaranteed bankruptcy at the slightest downturn.

I can't believe you don't have faith in the corp management to have duly worked out all of the possible downturn scenarios.

But more common than you might think, it's usually not advertised as such. For example, compare AMAT: They have about $2B in debt and $2.8 in cash. They could ditch the interest payments, but I'm guessing the CFO is saying: Why bother? As long as their overall ROC is sensible, it might be the right answer. Until you find yourself in the site of corp raider.

I'm wondering if they got wind somebody was proposing a leveraged buy-out, so they thought they'd ditch the cash and do it themselves.

Nemo wrote:

From a company I occasionally follow:
KLA-Tencor Reports Fiscal 2015 First Quarter Results And Announces A Plan To Pursue A Leveraged Recapitalization Featuring A $2.75 Billion Special Cash Dividend And An Expanded Stock Repurchase Program - Yahoo Finance
Yeah, I bet that works out well

Holy moly. Looks like "Lever Up, Bitches" has gone viral.

ResistanceIsFeudal wrote:

What? You want this place to turn into reddit?!

ಠ_ಠ Look of Disapproval

I doubt many realize that it might be a verb.