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  • kodey7 made a stock note of RATE: 8/30/15n 8 hr ago
    RATE: 8/30/15n
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  • kodey7 made a stock note of CRMT: 8/30/15 9 hr ago
    CRMT: 8/30/15
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  • kodey7 made a stock note of BPOP: 8/30/15 9 hr ago
    BPOP: 8/30/15
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  • kodey7 made a stock note of AEG: 8/30/15 9 hr ago
    AEG: 8/30/15
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  • kodey7 made a stock note of GTLS: 8/30/15 9 hr ago
    GTLS: 8/30/15
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  • kodey7 made a stock note of HKSE:00494: 8/30/15 9 hr ago
    HKSE:00494: 8/30/15
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  • kodey7 commented on kodey7's stock note 9 hr ago
    4/1/15 Short-Mid Term. No growth. Low margin. No debt. Occassional buyback.
    View all 1 comment
    kodey7 08-30 05:32
    • VRA: Short-Mid Term. Declining rev. Low margin. No debt. Occassional buyback.
  • kodey7 made a stock note of VLKAY: 8/30/15 9 hr ago
    VLKAY: 8/30/15
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  • kodey7 made a stock note of CAL: 8/30/15 9 hr ago
    CAL: 8/30/15
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  • kodey7 made a stock note of Z: 8/30/15 9 hr ago
    Z: 8/30/15
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  • kodey7 made a stock note of HKSE:02333: 8/30/15 9 hr ago
    HKSE:02333: 8/30/15
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  • kodey7 made a stock note of ARO: 8/30/15 9 hr ago
    ARO: 8/30/15
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  • kodey7 made a stock note of TNH: 8/30/15 9 hr ago
    TNH: 8/30/15
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  • kodey7 made a stock note of AVP: 8/30/15 9 hr ago
    AVP: 8/30/15
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  • kodey7 made a stock note of WF: 8/30/15 9 hr ago
    WF: 8/30/15
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  • kodey7 made a stock note of JPM: 8/30/15 9 hr ago
    JPM: 8/30/15
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  • kodey7 made a stock note of AMZN: 8/30/15n 9 hr ago
    AMZN: 8/30/15n
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  • kodey7 made a stock note of CHL: 8/30/15 10 hr ago
    CHL: 8/30/15
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  • kodey7 made a stock note of FB: 8/30/15 10 hr ago
    FB: 8/30/15
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  • kodey7 made a stock note of JNJ: 8/30/15n 10 hr ago
    JNJ: 8/30/15n
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  • kodey7 made a stock note of HKSE:02388: 8/30/15 10 hr ago
    HKSE:02388: 8/30/15
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  • kodey7 made a stock note of HKSE:00728: 8/30/15 10 hr ago
    HKSE:00728: 8/30/15
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  • kodey7 made a stock note of SHSE:600036: 8/30/15 10 hr ago
    SHSE:600036: 8/30/15
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  • kodey7 made a stock note of TSE:4704: 8/30/15 10 hr ago
    TSE:4704: 8/30/15
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  • kodey7 made a stock note of AAPL: 8/30/15 10 hr ago
    AAPL: 8/30/15
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  • kodey7 made a stock note of GOOG: 8/30/15 10 hr ago
    GOOG: 8/30/15
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  • kodey7 made a stock note of WFC: 8/30/15 10 hr ago
    WFC: 8/30/15
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  • Blue Cove Partners commented on CanadianValue's article 10 hr ago
    Times Like This: The U.S. and China Market Turmoil - Matthews Asia
    Times like this in the markets can be unsettling. We are accustomed to dealing with risk, that is to say we are familiar with “normal” market...
    View all 1 comment
    Blue Cove Partners 08-30 04:20
    • We believe the views expressed by Matthews Asia are biased and false. Matthews is primarily an Asia focused fund, therefore it would be in Matthews' interest to be a cheerleader for Corporate Asia. Matthews has not provided any contrary evidence to disspell serious issues facing Asia and China, such as a rapid growth in credit and mounting debt problems, inflated real estate bubble, unbalanced economic model, widespread corporate governance issues, manipulation of financial statements and blatant insider trading practice. While Asia's current problems are not exactly the same as the 1997 Asia Financial Crisis, there are a lot of similarities too, such as tightening of US monetary policy after years of zero interest rate, a significant real estate bubble in China and other Asian countries, rapid growth in Asian credit since 2008 of which a significant portion will certainly go sour, the pegging of RMB and HKD to USD resulting in significant carry trade. History doesn't repeat itself but rhymes. I would like to see a fair and balanced analysis from Matthews on the similarities and differences between the current situation and the 1997 crisis, and provide an unfettered view on the likely outcome. Morgan Stanley Investment Management wrote several good pieces on this topic, which you may read here: http://www.morganstanley.com/im/

      On valuation for Asian markets, it is just naive if not simple stupidity to focus on the perceived low PE multiple implied by the market, as we can neither trust the accounting results nor rely on the management and the board to act in the best interest of shareholders. "Fiduciary duty" does not exist in the vocabulary of most Asia companies, especially Chinese ones. Instead of focusing on PE ratio, we would like to ask investors to focus on the following several issues: 1) is the company converting just a small percentage of its annual earnings into free cash flow? 2) how does the company use its free cash flow? Is it returned to shareholders via dividend and buyback, or is it spent on wasteful capex and acquisitions? 3) does the company acquire obscure assets from third parties that did not make sense to you? 4) does the company have related party transactions with its controlling shareholders, such as asset injections, procurement contracts and service agreements? 5) is the company a chronic issuer of shares? 6) did the company suddenly take on a lot of debt? 7) is the board completely silent when fishy deals are taking place? 8) did the company just change its auditor? If the answer to any of these questions is yes, which we suspect will be for a large percentage of them, then simply stay away and do not be fooled by the low PE ratio.

      We are not pessimists for Asia. We believe Asia is likely to be well placed to grow in the long run, however things will likely get worse before they get better. As a matter of principle, we will never risk our capital with companies that are not run in the best interest of ALL shareholders. We will sleep much better at night by investing in companies with honest and capable management that invest in Asia's future growth, such as Nestle, Richemont, Unilever and Apple, just to name a few.

      Do you agree with our thoughts? Suggests most welcome.
  • yujia.li.zhai commented on page 12 hr ago
    Rent-A-Center Inc (RCII) Stock Analysis - GuruFocus.com
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    yujia.li.zhai 08-30 02:22
    • Aarons and Conn's are more comparable peers...
  • danielkoehler made a stock note of $XSWX:BION: Swissquote2015 14 hr ago
    $XSWX:BION: Swissquote2015
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  • Benjamin Clark posts: 14 hr ago
    The 19 Best Stocks for Value Investors This Week
    We evaluated 25 different companies this week to...
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  • Julie Young posts: 15 hr ago
    Market Opportunity Fades
    Oversold equities from Monday’s market selloff created a buying opportunity that may have faded as the market stabilizes. Guy Adami of Private Advisor Group recaps the volatile trading week in an interview Friday with...
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  • Julie Young posts: 16 hr ago
    The Fed’s Dennis Lockhart on U.S. Economic Indicators
    U.S. market indexes ended higher after a volatile trading week. The Dow Jones Industrial Average was up 1.09% for the week led by Walt Disney Company (DIS) and Intel (INTC). The week included gross domestic product and inflation data reports...
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  • leeo2680 made a stock note of $AYR: -Airplane sale and lease -5-10% rev growth -10-15% profit growth -4.5% div -Check @ 17 16 hr ago
    $AYR: -Airplane sale and lease -5-10% rev growth -10-15% profit growth -4.5% div -Check @ 17
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  • leeo2680 made a stock note of $ALL: -Allstate -5% growth -Analyst downtrend -Check @ 50 18 hr ago
    $ALL: -Allstate -5% growth -Analyst downtrend -Check @ 50
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  • CanadianValue posts: 19 hr ago
    China's Currency Devaluation - Wasatch Funds
    After years of small-scale strengthening against the U.S. dollar, the coordinated devaluation of the Chinese yuan has come when China’s economy is seeing more signs of weakness. In our view, it’s hard to believe that the recent devaluation...
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  • CanadianValue posts: 19 hr ago
    Who Ate Joe's Retirement Money - A GMO Whitepaper
    Who Ate Joe s Retirement Money Sequence Risk and Its Insidious Drag on Retirement...
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  • CanadianValue posts: 19 hr ago
    PIMCO's Outlook on Volatility
    Scott Mather: While the volatility this past week has been extreme, it has been a feature in the markets over the past eight months and...
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  • CanadianValue posts: 19 hr ago
    Nassim Taleb: So Much Excitement Over Nothing
    Today, he believes the recent market selloff was caused by people being nervous for little reason. This is not 1998,...
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  • CanadianValue posts: 19 hr ago
    Downturns Create Buying Opportunities - Francis Gannon of the Royce Funds
    Even with the stock market's rebound over the last several days, the recent declines for equities were alarming for most investors. The question of just how bad things might get remains unanswered (largely because it's...
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