It's the last Friday of the month, so Frank (author of value site frankvoisin.com) and I are chatting messenger, where we discuss stories from the web that caught our interest:
Saj: We talk a lot about company balance sheets and market positions, but that's all useless according to this article in a national newspaper:
"One look at the charts tells the whole story at Cisco Systems...balance sheet strength, their cash position, R&D spending and their position in their industry don’t amount to a hill of beans."
Frank: Sounds like the media is providing a great education to investors.
Saj: This "hill of beans" metric sounds important.
Frank: Maybe we should focus more on it! And:
"As investors we need to be alert to changes in trend...Until CSCO moves convincingly through the upper resistance of the channel the down trend is still in place"
Saj: Yeah, that makes sense. As "investors" we should ignore the actual company, and instead just copy what other investors are doing by going with the trend.
Frank: Yeah, that's not a recipe for disaster.
Saj: So a government is funding the construction of yet another sports arena, this time in Quebec.
“We have a window of opportunity of only a few months to attract an NHL franchise. It will be gone in a year."
Frank: It's great how the government intervenes in such important areas, where the private sector constantly lets us down.
Saj: Absolutely. Millionaire professional athletes and billionaire team owners need to be subsidized by tax payers...where else is the money supposed to come from??
Frank: While one government spends superfluously, another nation can't afford its interest payments.
Saj: But they're not admitting defeat just yet:
“We do have the money of course...I don’t have a date yet but we will definitely pay.”
Frank: They sound like the degenerate gambler in every mobster movie
Saj: "Come on, you know I'm good for it! The money's no problem, I've got some cash coming my way real soon!"
Frank: How about this chart from Egypt.
Saj: Step 1 in defending a dictatorship: Don't let your citizens assemble/communicate.
Frank: Should governments have internet "kill switches"? This chart says probably not.