Hashemian Blog
Web, Finance, Technology, Running

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.

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 🙂

More on Apple Stock Crash Prediction

by @ 10:25 pm
Filed under: financial — Tags: ,

Apple LogoWhen I posted this blog entry about Apple crashing to $45 a share, I didn't expect the company that made that prediction, BAM Investor, to contact me about it.

But that's just what the company did and I managed to have a phone chat with the company boss, JG Savoldi about his astonishing forecast.

You can read about it in my Reality Check column on Financial Tech Spotlight.

Disclaimer: Financial Tech Spotlight is one of the sister sites of TMCnet.com, a network of sites owned by my employer, TMC.

Apple to $45?

by @ 10:22 pm
Filed under: financial — Tags: ,

Apple LogoAccording to this article, citing a previously unknown investment/research company, BAM investor, Apple could fall to as low as $45/share within a few months based on their technical analysis.

Something tells me BAM investor needed a little publicity so they just dumped an outrageous claim on the wires and it received its due double-take. But can Apple really drop to $45/share from its current $270/share?

Sure it can. Anything is possible in the stock market. The DOW could also drop to 0, but chances of that happening is pretty low.

Apple has had a good (no, outstanding) run-up. Its out-sized market cap is based on a combination of optimism and momentum. No company can keep either factor going forever, so Apple, like many others will eventually face reality and its share price will get dragged into more realistic figures. That may be $100 or $120, but $45 just doesn't seem realistic. Yeah, it could happen but going by the same likelihood, it could hit $800.

BP Dividends in Jeopardy

by @ 11:37 pm
Filed under: business,financial — Tags: , , ,

As stated in my previous post, that 9.2% BP dividend yield was just wishful thinking. Now comes the word that lawmakers want BP to suspend any dividend payments because obviously the company has gotten one hell of a liability to deal with and paying the shareholders instead of the victims isn't going to sit well with anyone.

While BP shares rose modestly today in sympathy with the rest of the market which had a solid day, the news of the potential dividend cut will not please the investors and generally that's bad news for the stock.

More than likely BP shares will experience weakness tomorrow as a result. Right now about the only thing that can give BP a boost is sealing that oil well. Unless and until that happens the string of bad news will continue for BP.

I do wonder about one thing. If the outlook gets really nasty for BP, as in a risk of insolvency, will the British government step in with a bailout plan? Will the British public be in the mood for any more bailouts? Small chance, but a possibility nevertheless.

BP's Nightmare

by @ 11:19 pm
Filed under: business,environment — Tags: , ,

BP logoThere seems to be no end in sight for BP's plight. The oil well is still gushing, the stock is bleeding, and there's word of a criminal investigation.

BP's stock got hammered today to the tune of $20 billion. It also doesn't help that BP is a European company and Europe is still grappling with its serious financial malaise. Since April 20, the day of the rig explosion, the stock has lost some $75 billion. If BP keeps its dividend payout steady, the current price of $36.50 a share is a fantastic bargain, yielding 9.2%. Of course there's little chance of realizing that. It's quite possible that BP will stop paying dividends entirely as it will need every dollar to deal with countless liability suits pursuant to the biggest oil disaster in US history.

The contrarian view would consider BP's stock attractive at these levels and it may be a correct view. But BP's problem is far greater than what Toyota had to contend with a few months ago. Surely BP can see the dark clouds coming its way. It had better cork that well soon while there's still a chance to survive the mountain of lawsuits it will have to deal with in the aftermath.

P.S. Somewhere out there Mohammad Mosaddegh is looking down at BP's misfortune and smiling broadly. It's payback time.

BP's Nightmare

by @ 11:19 pm
Filed under: business,environment — Tags: , ,

BP logoThere seems to be no end in sight for BP's plight. The oil well is still gushing, the stock is bleeding, and there's word of a criminal investigation.

BP's stock got hammered today to the tune of $20 billion. It also doesn't help that BP is a European company and Europe is still grappling with its serious financial malaise. Since April 20, the day of the rig explosion, the stock has lost some $75 billion. If BP keeps its dividend payout steady, the current price of $36.50 a share is a fantastic bargain, yielding 9.2%. Of course there's little chance of realizing that. It's quite possible that BP will stop paying dividends entirely as it will need every dollar to deal with countless liability suits pursuant to the biggest oil disaster in US history.

The contrarian view would consider BP's stock attractive at these levels and it may be a correct view. But BP's problem is far greater than what Toyota had to contend with a few months ago. Surely BP can see the dark clouds coming its way. It had better cork that well soon while there's still a chance to survive the mountain of lawsuits it will have to deal with in the aftermath.

P.S. Somewhere out there Mohammad Mosaddegh is looking down at BP's misfortune and smiling broadly. It's payback time.

Options Friday

by @ 10:55 pm
Filed under: financial — Tags: ,

With the stock market down about 4% today and tomorrow (Friday) being an options expiration day, market volatility is all but certain. Be on the right side of the May options bets and you could be rewarded handsomely, otherwise the losses could be heavy.

Here's my market prediction for Friday, down for most of the day and then going positive in the last 1-2 hours. It's a familiar pattern, I've seen it many times.

Stock Market Rally, Euro

by @ 10:25 pm
Filed under: financial,money — Tags: , , ,

euroWe knew it was coming, but I didn't expect the Europeans to pull off a rescue plan as early and as boldly as they did. Good for them and good for the markets which responded in kind by rocketing up today around the globe. Banking shares, specially the battered European ones, like ING, were on fire today.

Now we know that Europe means business defending its currency, the euro. The real test however will be in the coming days and weeks as the euphoria and wishful thinking subsides and reality is back to being front and center. Will the storm become a faint memory, or will this so called contagion return with a vengeance. We will see what we will see.

Powered by


Read Financial Markets  |   Home  |   Blog  |   Web Tools  |   News  |   Articles  |   FAQ  |   About  |   Privacy  |   Contact
Donate Bitcoin: 1K9TzBvQ2oaEb4tX9t2vKDtZouMcpfV6QF
paypal.me/rhashemian
© 2001-2019 Robert Hashemian   Powered by Hashemian.com