- cable stocks; and
- the Fed's speculation.
A Blast From the Past
Posted at 6:45 p.m. EDT on Friday, Nov. 22 Watching that tape fly by today, the tape showing the stocks of Time Warner Cable ( TWC), Charter ( CHTR) and Comcast ( CMCSA), one of my employers, flying high, reminded me of what this business used to be like. We used to have stocks go up day after day after day and just when you think they are done going up you get talk of takeovers and then you get another leg up and then you actually get takeovers and they go up AGAIN!
- If any of the cable companies bought Time Warner Cable they could improve service and get more users.
- It would be immediately additive to the acquirer.
- It would not be blocked by the government because the federal courts have already ruled that it's fine if cable companies buy each other pretty much without limitation.
Can't Make Money Off of Fed Speculation
Posted at 3:27 p.m. EDT on Thursday, Nov. 21There are only so many hours during the day that we can work. They are precious. They can no longer be trifled with as we play the endless parlor game of "taper, non-taper" -- that is, divining when the Fed will dial down stimulus. That's just burning time, much in the way we flare off natural gas when we drill for oil. What should the narrative be? How about this? "Once again, the people who have not done the homework, read the conference calls, devoted as time to the material and indulged in the craft of making money have been elbowed out by those high-minded individuals who are gaming the Fed." What's so hilarious is the endless lack of introspection. Doesn't anyone who plays this game recognize that they've been playing it for the entire bull market run? Do they recognize how much money they have cost us?