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capt_nemo is where my head is at , I guess!
Hmmm . . your head is under water?
Hope that isn't because of the stock market's treatment of your portfolio!
Yes, the Canadians have been out in full force harassing the whales. Guess they think the Marine Mammal Act doesn't apply to them.
That's two kinds of pollution they dump into Victoria harbor.
Been hanging out. Don't fish, but have been sitting on the front porch watching whales for a chunk of the summer. Then swinging in the hammock reading. And every now and then doing a lick of work. (Like you believe that!)
But I sure am glad that the rains came. I've been mighty worried about fire, being that we're in the dry old woods here.
How come you changed your handle?
I agree about Ohio State and ND. I've hated ND for forty years.
I used to hate Nebraska, but in the last ten years or so I've sort of come to like them.
But when ND plays UCLA, I wish there were a way for BOTH teams to lose big.
Sadly, nobody's invented that outcome yet.
Why does anybody like or hate any football team? I dunno. Partly I like underdogs, partly I don't like arrogant coaches, partly I get a downer on a team and then hang onto it for decades without any real reason why.
Thank goodness I have more rationality behind my stock picks than my football picks.
Usually. <g.
I agree about football over baseball.
Only advantage to watching baseball is the amount of reading I can get though in a typical game. Only have to glance up at the TV about fifteen times during a three hour game to see everything worth seeing.
True.
My humble apologies.
You are both so intelligent, talented, and good looking that I do tend to mix you up on occasion.
Sorry!
Ah. Well, even for great food and a 50" TV, I think it's a bit of a stretch.
Thanks for the invite, though.
Oops -- they ran into a speed bump, didn't they?
I hate Michigan. Was estatic over yesterday's game.
Like Michigan State, though. So that's a split.
if you visit me on College Football
Saturday, you will find tons of great food and a 50" Football Game on.
Please post the address.
Michigan can make it this year, ... THE National Championship
Yeah. And the Cubs can win the World Series.
Yeah, well, we were modern folks.
Graduated from the ice box to the white enameled refrigerator with the huge chrome door handle like the ones on commercial freezers and the coils right there on the top out in the open where you could clearly see when they sprang a leak.
It was about the time we graduated from the washboard to the real tub washing machine on the back porch.
We was modern folks indeed!!
I am certifiably older than dirt.
My mother had one of those sprinkle bottles. And my grandmother, when I used to visit her, still used an iron that she heated on her wood stove. Yep. She knew just how hot to get it. My parents gave her an electric iron, but she couldn't figure out how to work it to keep the temperature right, and it was too light, she said, to do a decent job of pressing the clothes. So she stuck to her old iron iron.
Not only did we have a party line, but when I was growing up we still had hand crank phones. They shut off when Mabel went to bed, which was somewhere between 9 and 11, whenever she got tired and headed off.
Once we got dial phones, our exchange was Elmwood. But before that, our number was eight ring two.
And in my first job I used a true telephone plug board. Real plugs and wires to connect all the extensions in the building.
Yes, I had skates with a skate key (and solid metal wheels, none of this nice quiet plastic wheels. And, of course, no helmets, knee pads, elbow pads, or whatever. When we fell down we got skinned knees or elbows. Helped you avoid falling down!
Here are a few more for you.
Toasters that had sides that opened up, only toasted one side at a time, and if you didn't watch it like a hawk (and even if you did), the toast burned.
Refrigerators with the open coil on top.
Rumble seats. Yep, I've ridden in them.
War bonds.
P.M. (the newspaper)
Norman Rockwell covers on the Saturday Evening Post -- when they came out originally, not just reprints.
Sure you do, uh, er, Bob?
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
> Eventually you will reach a point when you stop lying about your age
> and start bragging about it..
> ----------------------------------------------
> The older we get, the fewer things seem worth waiting in line for.
> ----------------------------------------------
> Some people try to turn back their odometers. Not me, I want people to
> know "why" I look this way. I've traveled a long way and some of the
> roads weren't paved.
> ---------------------------------------------
> How old would you be if you didn't know how old you are?
> ----------------------------------------------
> When you are dissatisfied and would like to go back to youth,
> think of Algebra.
> ---------------------------------------------
> You know you are getting old when everything either dries up or leaks.
> ----------------------------------------------
> One of the many things no one tells you about aging is that it is such
> a nice change from being young.
> ----------------------------------------------
> One must wait until evening to see how splendid the day has been.
> ----------------------------------------------
> Ah, being young is beautiful, but being old is comfortable.
> -----------------------------------------------
> Old age is when former classmates are so gray and wrinkled and bald,
> they don't recognize you.
> ----------------------------------------------
> If you don't learn to laugh at trouble, you won't have anything to
> laugh at when you are old.
> ---------------------------------------------
> First you forget names, then you forget faces. Then you forget to pull
> up your zipper, then ...
> Oh No! you forgot to pull your zipper down!
> ----------------------------------------------
> If you jog in a jogging suit, lounge in lounging pajamas, and smoke in
> a smoking jacket, WHY would anyone want to wear a windbreaker??
> ----------------------------------------------
> And best of all....
> I don't know how I got over the hill without getting to the top.
>
Thought for the day......
> There is more money being spent on breast implants
and Viagra than Alzheimer's research. This means that
by 2020, there should be a large elderly population
with perky boobs and huge erections and absolutely no
recollection of what to do with them.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
I've been noticing this year that a lot of the annual reports are coming with no glossy pages at all, just on 10-K paper, in most cases with a few pages of stuff much meatier than the old glossy pages and then the 10-K following. ADCT, Lucent, Agere have already come in this way.
I'm wondering whether this is just cost savings or whether the SEC has changed its rules on annual reporting.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Probably the best place to go is to the NAIC website
http://new.better-investing.org/
they have some screens they run, and also a list of the most active stocks showing what NAIC clubs are buying. While of course this is no substitute for your own due diligence, it provides a somewhat more reliable starting point for stocks to look at.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
I have looked at Quicken's purported NAIC screen from time to time and have had other experienced NAIC investors look at it, and it is, to put it mildly, a crock. Virtually none of its best picks using the NAIC criteria pass even a cursory look at an SSG. I'm surprised NAIC allows Quicken to use their name. It certainly gives a very bad impression of what a good NAIC stock is.
Rather than criticizing in general, let's get specific.
Let's look at their top choices.
1. Cubic Corp. 10 year sales growth 9.8%. Earnings line is all over the map. Shows no ability to manage profits and earnings. Pretax Profits and ROE are also all over the map. Average high PE is 157. This is NOT an NAIC stock.
2. PLMD. I actually looked at this one. It does look okay on the SSG, BUT it's being investigated for fraud by the feds. this is not what NAIC investors are looking for.
3. Business Objects. Growth was good until recently, but one look at the PERT-A, columns R & S, shows that growth recently has been in the low single digits down to negative. This is not what we're looking for.
4. AFCI. Good god, look at page 1 of the SSG. Sales have fallen the past year, earnings and profits are all over the map. PERT-A TTM EPS growth has been negative 90% for the past three quarters. This is a dog by NAIC standards.
I could go on, but why? this is a travesty of the NAIC concepts.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
I hadn't realized the management had changed. That does make a difference.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
The other thing going for it is a management which has shown over the years an ability to produce sales growth. If the present weakness in sales is systemic, you're probably right. But if they are able to return to sales growth, the current price becomes quite attractive, IMO.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
What do you think about HD? Anticipates weaker than expected earnings, but has the market overreacted?
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Oh, dear. I'm not a grandfather yet, but I'm glad to know that when I become one, the option exists.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Matt --
I notice that my membership is set to expire in 2112. I thought it was perpetual. Is there a way I can extend that past my expected life expectancy of 800 years? Not that I intend to live forever, but I intend to challenge Noah.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Hik Sara!
I've been away for a bit, not really back yet, but dropped in so as not totally to lose touch.
FYI, we just bought ORLY. Sort of replaces AZO, which we sold at a nice profit becuse its prospects for further stock price growth were eroding because of the nice run-up. So we took our profits, but may get back in if the price drops significantly.
ORLY is a smallish but rapidly growing chain of auto parts stores mostly in the middle states (Texas up to Dakota) but expanding into Eastern markets (4 stores in Florida, some in Georgia, etc.) Nice solid, steady growth, good cash flow, solid balance sheet, price reasonable, a management that has shown they understand their business and can manage growth, financing to support the growth in place. Take a look at it.
And, of course, do your own DD. This is not a recommendation to buy, but a suggestion to research.
Now I'll have to pop out of here for a while longer, but hope to be back next year.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Anybody who would qualify as a tester doesn't belong on this thread. <g>
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Excellent post.
There was a saying in the 60s that still resonates with me:
"Are we losing out liberties in the name of their defense?"
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Greg --
Thanks for keeping things under control while I was away for the weekend.
Everybody --- good, strenuous discussion, yes. Definitely.
Name calling, profanity, personal attacks, no.
That stuff if for kids. If you're a kid, you don't belong on this board.
This board is for mature adults. Let's show how adults behave.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
We need to abolish the terrorists at any cost.
I disagree.
Some of the proposals for fighting terrorists are more dangerous to our life and liberty than the terrorists are.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
A guilt trip and acknowledgment of peoples feelings are very different things.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
I don't feel guilty about it.
I feel grateful about it.
And I feel as though I have some obligtion to help those who haven't had the advantages I have, just as I would hope htey would do if our positions were reversed.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Yes, we both worked for what we have.
But we started with an enormous leg up.
I, and I assume you, started life with enough to eat so we didn't grow stunted or malnourished from the cradle.
I, and I assume you, grew up with parents who made enough money to support us so we didn't have to go to work for 16 hours a day starting at age 5 so that we had no chance to get an education.
I, and I assume you, grew up with parents who were literate, so they taught us the value of education.
I, and I assume you, had a school with decent teachers, adequate supplies, and adequate facilities provided to us at no charge to us or our parents except for the taxes our parents paid for us.
I, and I assume you, had a house with heat and running water and electricity, which meant we didn't have to spend hours a day just on survival, trying to find wood to cook the day's food, hauling water, taking the laundry down to the stream to wash it, and essentially spend most of our free energy just on the basics of survival.
I, and perhaps you, had parents who expected me to go to college and supported me through college.
Yes, I have worked to get where I have. But I started with enormous advantages that very few people in the world start with.
If they started where I did, they might well be where I am, or even better off.
if I started where they did, I strongly doubt that I would have anything like the life I do.
Education and hard work only got me where I am because of where I started from.
And I suspect the same of you.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Thank you.
It's a matter I've given some thought to, so I appreciate the kind comments.
I guess my concern is that in order to create a world of justice for all, we in the most privileged nations will have to make some sacrifices, at least in the short to intermediate term. We will need to stop consuming such a disproportionate share of the world's resources. Eventually we will develop enough recources that we can perhaps return to this lifestyle, but not right away. For just one example, I live in a brand new house which probably consumes as much of the world's resources in terms of materials to build and maintain, water use, and energy, to support a small African village. I know, of course, that just using less water here won't move the water to Africa. But the cost of this lifestyle is probably also more than the annual income of that same village, and that I could do something about if I wanted to.
But, frankly, I don't have that will. I'm not willing to give up my freezer, wash clothes by hand, heat the house only to 55 in winter, etc. and spend the saved money over to Africa. And I think I'm more altruistically minded than many people.
Now, again, I know perfectly well that what the African villages need to reach a level of justice is more than just money. But as slong as they can look at my lifestyle and their lifestyle and compare them, they won't feel that there is justice in the world, and I can't say I think they're wrong. I know all the right/easy answers; they should go get jobs, they should work to get ahead the way I did, etc., etc. But the reality is that those are silly and false arguments.
I'm not Malthusian. i think the world can support this population, and more, if it needs to (though I think the quality of life will continue to deteriorate; I think the world can only hold about 2 billioin people living a Western lifestyle, and any more than that must live a diminished lifestyle.) But while I am eating Bryers Ice Cream, sliced roast beef from the deli, and all sorts of other delicacies while their children go hungry, how can I realistically expect them to think the world is a just and fair place?
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Terrorists need to be eliminated. Plain and simple. Do we have the money to do it? I believe we do.
It's not a matter of money.
Terrorists will never be eliminated until the causes of terrorism are eliminated. And that's not a matter of money. It's a matter of no person on the globe feeling that they have a serious grievances against a nation or government or people which they have no realistic way to address other than through terrorism.
After all, without terrorism we wouldn't be a nation. The Minutemen were the terrorists of their day. They had grievances against the English crown which they felt they couldn't address other than through terrorism, so they turned to terrorism. The Boston tea party was a terrorist act., as was the secretion of arms in caches around the country side and many other acts of the traitors (yes, to the British they were traitors) who turned to terrorism.
You may call that "good" terrorism, and I might not disagree with you. But let's be honest about what it was.
There are lots of terrorists in the world today. In the Arab world, of course. But also Kurds. Basques. Cechans. And many others we've heard nothing about. Not all threaten us, but all perpetuate the concept of terrorism as a way to address grievances.
The point being that even if we eliminate today's known terrorists, if there remain legitimate greivances which people believe cannot be fairly addressed through non-violent means, they will turn to terrorism. So eliminating today's terrorists won't end terrorism. Only creating a world of justice for all will do that.
Do we have the will to do that? The evidence isn't very favorable.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
I find it hard to distinguish between tree hugging and whale loving liberals and bible toting conservatives. Both want to
"convert" everyone to their way of thinking.
Amen.
God save me from anybody who knows they are right.
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<iPrice is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
I picked it off another chat board, but did check it in Snopes to make sure it wasn't a known urban legend. But no, I can't give you any more background on it.
But I did Google it, and came up with some background.
It was quoted in a column in the Sierra Times, though I'm not sure that's much better as original source material than my quote.
http://www.sierratimes.com/02/07/03/sheriff.htm
This page has BOTH quotes:
http://www.ccmep.org/hotnews2/chilling071102html.htm
The Hitler quote with attribution, the Caesar without.
there is a cautionary note here, which says it might in fact not be from Caesar, but isn't definitive.
http://www.angelfire.com/scifi/dreamweaver/quotes/qtpolitico.html
they cite the quote, then add:
[If anyone can provide a reliable source for this quote it would be greatly appreciated; in the meantime, this attibution should not be given much credence. --MN]
(see Anatole France)
bu neither www.snopes2.com nor www.urbanlegends.com doesn't report it as an urban legend, which is promising.
PBS posted it on its web page, in a letter and not as a direct statement of PBS, but you would think they would have made a note if they knew it to be spurious.
http://www.pbs.org/now/transcript/transcript_family3.html
It shows up in a variety of quotation pages, such as
http://www.truth101.org/co-fame-people-histroy.html
http://www.concreteeye.org/content.html
and many others
But I found nothing definitive.
BUT, I did find this other quote, which I really like. And again, no specific source for the attribution, so don't ask. <g>
"The problem after a war is with the victor. He thinks he has just proved that war and violence pay. Who will now teach him a lesson?"
A.J. Muste
___________________________________________________
Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
I picked it off another chat board, but did check it in Snopes to make sure it wasn't a known urban legend. But no, I can't give you any more background on it.
But I did Google it, and came up with some background.
It was quoted in a column in the Sierra Times, though I'm not sure that's much better as original source material than my quote.
http://www.sierratimes.com/02/07/03/sheriff.htm
This page has BOTH quotes:
http://www.ccmep.org/hotnews2/chilling071102html.htm
The Hitler quote with attribution, the Caesar without.
there is a cautionary note here, which says it might in fact not be from Caesar, but isn't definitive.
http://www.angelfire.com/scifi/dreamweaver/quotes/qtpolitico.html
they cite the quote, then add:
[If anyone can provide a reliable source for this quote it would be greatly appreciated; in the meantime, this attibution should not be given much credence. --MN]
(see Anatole France)
but neither www.snopes2.com nor www.urbanlegends.com report it as an urban legend, which is promising.
PBS posted it on its web page, in a letter and not as a direct statement of PBS, but you would think they would have made a note if they knew it to be spurious.
http://www.pbs.org/now/transcript/transcript_family3.html
It shows up in a variety of quotation pages, such as
http://www.truth101.org/co-fame-people-histroy.html
http://www.concreteeye.org/content.html
and many others
But I found nothing definitive.
BUT, I did find this other quote, which I really like. And again, no specific source for the attribution, so don't ask. <g>
"The problem after a war is with the victor. He thinks he has just proved that war and violence pay. Who will now teach him a lesson?"
A.J. Muste
___________________________________________________
Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Thanks -- though I'm sure others will disagree.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Here are some quotes from another board which give one pause.
"The National Government will regard it as its first and foremost duty to
revive in the nation the spirit of unity and cooperation. It will preserve and
defend those basic principles on which our nation has been built. It regards
Christianity as the foundation of our national morality, and the family as the
basis of national life."
Adolph Hitler, My New World Order, Proclamation to the German
Nation at Berlin, February 1, 1933
"Beware the leader who bangs the drums of war in order to whip the citizenry
into a patriotic fervor, for patriotism is indeed a double-edged sword. It both
emboldens the blood, just as it narrows the mind. And when the drums of
war have reached a fever pitch and the blood boils with hate and the mind
has closed, the leader will have no need in seizing the rights of the citizenry.
Rather, the citizenry, infused with fear and blinded by patriotism, will offer up
all of their rights unto the leader and gladly so. How do I know? For this is
what I have done. And I am Caesar."
Julius Caesar.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
The article does mention that the tape was originally developed for the milirary in WW II, but it doesn't mention that the original name was Duck tape, not duct tape. There are two theories about that origin. One is that it shed water like a duck. The other is that it was used to fix bullet holes in Ducks, which for those not into Ducks were amphibious vehicles, sort of landing craft with wheels. The duck's official acronym was DUKW, but who can pronounce that? So they became Ducks.
After the war, during the post-WW II building boom, installers found that Duck tape was excellent for taping heating ducts, so its name, for the non-purists, morphed into duct tape, and it's more colorful origin was lost in the name change.
BTW, there are really only two things a true handyman needs to fix anything.
1. WD-40.
2. Duck tape.
The handyman rules:
If it doesn't move and it should, use WD-40.
If it moves and it shouldn't, use Duck tape.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
Next time I mis-quote somebody, I'm going to make sure first that they haven't recorded the speech!
Good sleuthing. I admit defeat.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton