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Google Finance Unusable Design

by @ 2:37 pm
Filed under: financial,google — Tags: ,

Sometimes one wonders if giant companies like Google ever think about their end users when they redesign their properties. One such case is Google's recent redesign of their financial site, Google Finance.

There are plenty of sites around for people to track their stock portfolios, real or imaginary. But if you are a Google user and interested in stocks, chances are you have been using Google Finance to keep tabs on the market.

Google Finance had never been a particularly rich site in terms of data and information. They have been dismal at covering earnings data, options prices, analysts ratings, and much more. But one area they were decent at was the homepage where one could get a quick glimpse of his/her custom stock portfolio, local and international market indices, currencies, interest rates, and some commodities such as gold and oil.

That is no longer. A few months ago Google started to push users to their new and updated finance site. The old site was still available via an unpublished link but then a few weeks ago the link went offline and now everyone is forced to use the new site.

So what's wrong with the new site? Design-wise it is more polished and modern than the old one and at the same time it is virtually useless, it simply sucks. What Google failed to understand is that most people interested in the markets want to see as much data crammed into as little space as possible and as timely as possible.

Instead it appears that Google threw a bunch of design-snob interns together with the latest web development tools (AngularJS, no doubt) to create a modern and responsive finance site. There are tons of white spaces, no charts, no indices, no commodities, and only a couple of stocks shown from the portfolio on the homepage.

Well, this strategy has backfired and I am far from the only one complaining. Google's own search box suggestions bear witness to that, not to mention #Googlefinance.

Google Search Box

As for me I opted to escape from the hideous new design to Yahoo Finance. Yahoo pages are sometimes burdened with ads and other nonsense, but at least their portfolio page is leaps and bounds ahead of the Google Finance's so-called modern/responsive design. Now that I have my custom portfolio on Yahoo there's little chance of going back to Google Finance, even if they did bring back the classic site.

Classic Google Finance

 

New Google Finance

Amazon's Windfall of ID Theft and Tax Fraud

by @ 12:08 pm
Filed under: financial — Tags: ,

Amazon.comSeems unbelievable but I never knew some states actually issue tax refunds in the form of Amazon gift cards. Read article.

With a long list of companies benefiting from tax refunds including Amazon, debit card issuers, tax software companies and financial institutions that collect transaction fees, one wonders if there is a real concerted effort from all sides to stem ID and tax fraud.

With the states squeezed from the scammers on one side and the greedy corporations on the other, most likely the ID theft and tax fraud problems will continue unabated.

The real losers, as usual, are and continue to be the taxpayers.

Was Bitcoin a Fad?

by @ 2:56 pm
Filed under: financial,internet — Tags:

bitcoinRemember the Million Dollar Homepage? Back then everyone thought pixel advertising was the future of web marketing. People went crazy over it, pixel sites popped up like weed, and then the whole thing faded away like it was never there.

To me that is what bitcoin is. Sure, I have a few bitcoins and I'd like to fantasize that each will be worth a million dollars some day. But let's be real, the possibility of bitcoin fading into oblivion is so much greater. Bitcoin is nothing like gold and there are 2 reasons why it'll never achieve the success some people may dream of:

1- There may be a limited number of bitcoins that can be mined but there are no limits on how many types of crypto-currency can pop up. Everyone can come up with their own version and flood the market. There are already dozens of them out there and probably thousands vying for recognition.

2- Governments will never allow bitcoin or any other type of anarchist currency gain real traction in their countries. It's just too dangerous to their existence. We've already seen moves by China and Europe to crack down on bitcoin. More will come if bitcoin's popularity survives.

The bitcoin fad will pass just like many others have before it. Something else will eventually come along and capture people's attention and what will be left of bitcoin will be http://en.wikipedia.org/wiki/Bitcoin.

Berkshire Hathaway Over $1.5 Million

by @ 4:26 pm
Filed under: financial,google — Tags:

Way to go Google Finance, showing Berkshire Hathaway Class A shares up by over 900% at the close of the market today. I almost jumped out of my seat when I saw that. Warren Buffett probably thought: "My company is worth only $3 trillion?"

Berkshire Hathaway Quote

Google has since fixed the quote. It's back to its actual value of a mere $173,600 per share.

Amazon's Miss, Does it Matter?

by @ 1:03 pm
Filed under: business,financial,web — Tags:

Last week Amazon reported an $0.18/share earnings on a lower than expected revenues for its past quarter. The shares seesawed after hours and finally ended down some $20 on Friday. The earnings were almost twice what the street had expected, but think about this, The street was expecting this company to earn a measly $40 million. This is a 17 year-old established company with a market capitalization of $130 billion, it should be expected to do much better.

The thing with Amazon is that investors seem to be so emotionally entangled with company that they have no logic when it comes to its share price. Since its inception, Amazon has played the "long-term" card and it continues today, as in the earnings don't matter because the company is investing in the future.

When this glorified future will materialize for Amazon is anyone's guess. Perhaps in another 17 years or more? Whatever the case, for those who may believe that the latest pullback may signal a return to sanity for this stock, don't believe it. Going by history, it won't be long before Amazon's shares will wipe out all losses and march on to set new 52-week records. It's just that kind of a company.

Reforming alimony rules - Florida

by @ 4:38 pm
Filed under: financial,social — Tags: ,

Finally the wheels of justice have begun to ever so slowly move towards logic and fairness. This time it is in the state of Florida.

States are waking to the reality that alimony in many cases is but a racket perpetrated from one spouse on another and permanent alimony is a specially cruel form of torture.

How permanent alimony came to be is in itself an intriguing topic. How it has been allowed to thrive is a gross travesty of justice and dignity.

Men and women alike should demand that such a draconian law is repealed, never again to be accepted in a civilized society. A marriage should never a be prison sentence enforced by the threat of lifetime extortion for one party and a road to riches for the other.

 

Amazon's Gross Margin

by @ 4:05 pm
Filed under: business,financial,web — Tags: , ,

Much has been said about how Amazon's high stock price is unjustified. This morning my boss sent me a link that reminded me again how ridiculous Amazon's share price has gotten as of late. The article summed it up well by noting that if Apple were to have the same PE ratio as Amazon, its share price would be $145,000.

I suppose another way to even better demonstrate this insanity is to use the same equation on Berkshire Hathaway class A shares, which would send them to an astronomical $31 million/share.

My boss tried to justify Amazon's stock price by mentioning their high profit margins. So I decided to take a look at what Amazon's gross margins are and how they compare with some other companies. Here's a short list:

  • Amazon: 25%
  • Apple: 39%
  • Google: 57%
  • eBay: 69%
  • Microsoft: 74%
  • Intel: 63%
  • Priceline: 82%
  • Wal-Mart: 25%
  • Ford: 18%
  • Oracle: 80%
  • GE: 26%

As you can see Amazon's gross margin is way below its peers, but in line with that of Wal-Mart's. Proof that Amazon is nothing more than a glorified, high-tech super store.

As to why its stock continues to rise despite any rational justification, another person said it well. Traders play Amazon as a momentum stock and it has become a self-fulfilling prophecy. Logic indicates that it should come down crashing hard, but this stock escaped logic long ago and it'll be foolhardy to bet against it now.

What's Facebook Worth?

by @ 9:51 pm
Filed under: financial,web — Tags: ,

I can't possibly the only one who's had a perverse pleasure in seeing Facebook's stock slide after the much ballyhooed IPO. It's not like I wish the company bad fortune or dislike its boss, although I don't think much of Facebook as a product nor do I use it much. It's just that something so hyped and overblown seems so out of touch with reality that one doesn't want to see it take off like it's 1999, specially if one is not along for the ride.

Given the nearly daily declines of Facebook's stock, one does however wonder where the bottom of this stock really is. At the current level of $29, it probably doesn't have much further to go, give or take a couple of dollars. At the same time something tells me that the big investors are just waiting to pounce on the stock once they believe it has sufficiently deflated.

Us mortals will know where that bottom is long after it has passed, but if one can time a purchase somewhere near that bottom, chances are that it will pay off handsomely. There's probably a lot of money on the sidelines waiting to get in and when that happens the stock would snap back with a vengeance.

Forget valuations and future earnings. This one seems to be going on pure psychology right now. Hell, even I'm thinking about getting in 🙂

Facebook IPO Price Clamp

by @ 12:53 pm
Filed under: financial — Tags: , ,

Seems like everything was on hold yesterday except for the Facebook stock price gyrations. In the end it eked out a measly 23 cents over its IPO price of $38 and that with some grand assistance from its underwriters and backers.

That assistance was so obvious, specially towards the end of the trading session. You could tell the stock really wanted to break below $38, but every time it touched that price it was nudged back up. Looked totally artificial and trigger-directed. Obviously the bankers didn't want to look foolish by having the stock close below IPO's price. That would have meant that they didn't do their homework. At least this way they can claim they priced it in the Goldilocks zone, not too hot, not too cold, but just right.

Well, the founder and a bunch of other people that matter became uber-wealthy yesterday and there's still a chance that the stock may get its footing and actually climb. Sure, it's an expensive stock with the P/E ratio currently at 122, but Amazon's P/E is an astounding 175. Going by Amazon's measure, Facebook should at least be worth $55 per share.

Amazon's Ridiculous P/E

by @ 11:09 pm
Filed under: financial,web — Tags:

Yeah I know, P/E ratio is so old school but as I read the post below I was blown away by how ridiculous Amazon's P/E ratio of 184 actually is.

For a quick verification I went down a list of stocks I follow and none even came close to that figure. Even Priceline with its unbridled share price growth, has a P/E of 34. The rest of them average somewhere in the teens.

Granted, Amazon is the number 1 online retailer, sells a nifty reader and a tablet, is a cloud computing pioneer, and is trying to break into the high fashion market, but 184?

Maybe if it were a startup with expectations of explosive growth in a year or two, that figure could be justified. But Amazon, at nearly 20 years old, is hardly a new kid on the block.

How is AMZN worth 13 AAPLs? - Apple 2.0 - Fortune Tech

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