07-12-2001 20:00									#211
	Lose 30 kilos (of popups)

Take out a loan on it and invest it ?

I'm not sure what else you could do apart from "exhibiting" it. I think some firms rented paintings and stuff for interiors, rather than buy.... no idea how this works in detail though.

	07-12-2001 20:01									#212
	Support Apolyton, buy Civilization III: Complete

"I’m surprised to see that Coca-Cola is at the bottom between all those predators and telco and IT household names."

Just a timing thing. If they would have used 1991 as the base, the stock quintupled over the next 10 years (17.5% per annum), and it would have been in the top 20 probably. That points out the weaknesses of the report. But for all of the false indicators, there are some companies that are correctly identified as having destroyed an amazing amount of shareholder value over the years (Xerox, AT&T, Lucent).

Coca-Cola chart attached.

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Last edited by DanS on 07-12-2001 at 20:17

	07-12-2001 20:34									#213
	Support Apolyton

For comparison purposes, AT&T (ignore pre-'85, because of the breakup). This shows how not to run a company...

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	08-12-2001 08:38									#214
	Got spare money?

And does the following strike anybody else as asinine?

http://news.ft.com/ft/gx.cgi/ftc?pa...gid=FTDO9DHMZJC

I don't know why we have waste money supporting the steel industry just because the Euros do. Let the Euros, Koreans and Brazilians bleed each other dry.

	10-12-2001 14:55									#215
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"And does the following strike anybody else as asinine?"

"asinine" ?

"I don't know why we have waste money supporting the steel industry just because the Euros do. Let the Euros, Koreans and Brazilians bleed each other dry."

Steel subsidies have been pretty much phased out here after the Commission finally took the state aid rules seriously. What I don't understand is the fragmented situation in the US steel industry. Bethlehem steel as one of the biggest US makers has an annual output of 5 million tons or so ? Wtf ?

	10-12-2001 22:00									#216
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Well, the industry has had hard times for as long as I've been alive. There was a brief respite a couple of years ago when everybody moved to the mini-mill approach.

A lot of jobs/pensions/health care are attached to the industry. That's why it makes political sense to see the industry through its toughest times.

But I don't like that approach all. I don't know how anybody can keep a straight face and say that the steel industry will make a profit in five years time after we will have pissed all that money away. It's just a sh!tty business to be in, so let everybody else be in it.

	11-12-2001 01:08									#217
	Support Apolyton buy from Amazon

So what's the deal? Roland says Europe stopped subsidizing the steal industry. US says they still do. Other sources do not really contradict the US. What are the real numbers?

Sometimes, the right thing to do is to just let them die.

	11-12-2001 06:54									#218
	I am filling in for GP Support Apolyton, buy Call to Power 2

Back this one time I was in the sub and had just fired off some Tomahawks, came into port with this hottie from Sri Lanka, made me realize the effects of the Manchurian relationship principle.

United Steel's strategic direction needs to focus more on relationships with raw materials vendors rathar than cutting corners on production quality.

[Insert 16 year old poster name here] are you always such a crybaby?

	11-12-2001 12:07									#219
	Support Apolyton, buy Galactic Civilizations: Deluxe Edition

Yes, where's GP ?

pchang:
"Roland says Europe stopped subsidizing the steal industry. US says they still do. Other sources do not really contradict the US."

And who contradicts me ? Btw, "steal industry" - like Wallstreet ?...

I'm not even sure the US claims that we subsidise steel - all I saw is they are whining about "imports". With their huge cost basis and small scales, US steelmakers don't look too competitive...

	11-12-2001 15:24									#220
	Support Apolyton or Terrorists Win

GP is busy, as is young prodigy Schokoladenkopf.

	11-12-2001 16:33									#221
	Put an end to popups!

Well, as I was thinking this morning, when I was making my history exams, I have to draw a time-line ? I’ve spend half a night unravelling the genealogical tree of the Habsburgs and finding out whether it was Filips the Bold or Filips the Good who installed the States General in Flanders and I have to draw a time-line?

Anyway, the lines were crooked, as I didn’t had a ruler with me, I wasn’t able to divise the line properly into the demanded 9 ages, I crossed out half of what I wrote and I didn’t had enough space to stuff the Treaty of Munster somewhere in there so I drew a wavy line with an arrow all the way down to the bottom of the page referring to the damn treaty, thereby bringing the mess to perfection.

	11-12-2001 16:45									#222
	Support Apolyton, buy Galactic Civilizations

Why don't you insert pictures of the World's Hottest Women thread into it and it will be alot more fun?

	12-12-2001 00:05									#223
	Inflate your Upload Space

I note that the USD/EU exchange rate is precisely what it was one year ago. Two months later, I have the same question.

What gives?

Last edited by DanS on 12-12-2001 at 00:17

	12-12-2001 02:35									#224
	Inflate your Upload Space

I read a funny thing the other day. The big chief of the Russian central bank said Russians shouldn’t use euros because he's unconvinced of the currency's stability. It fluctuates too much versus the greenback.

	12-12-2001 11:30									#225
	Put an end to popups!

The best ever quote from the Russian CB Governor is "I was always bad at figures".

LMAO when first heard it.

DanS - thou shalt not attempt to see logic in the currency markets; thou shalt hedge thy exposures; thou shalt not invoke God's name while looking at the screen.

	12-12-2001 13:32									#226
	Support Apolyton

"thou shalt not attempt to see logic in the currency markets"

Oh there is logic to the madness. People want to play another round of Al's pyramid scheme (this time it's called "V-shaped-recovery" or "new bull market"), and need dollars to do that. And the speculators are pissed that the ECB doesn't join their game. Poor lads.

The Fed has managed to **** up markets to a degree even I wouldn't have thought they'd want to or be able to. This also means it's accident time. Just look at the 10 and 30 year bond yields after the treasury sheenanigans.....

Col:

"...whether it was Filips the Bold or Filips the Good who installed the States General in Flanders"

"installed" ? Shouldn't they be older than that ?

	12-12-2001 15:53									#227
	Lose 30 kilos (of popups)

Well, I suppose "introduce" is a better word. I know it’s odd that it happened from the top but Filips the Bold did so to counterweigh the dominance of the cities, who overwhelmed the nobility and the clergy. (being the capitalist hell-hole it was)

Besides, I didn't though such assemblies are that much older?

	12-12-2001 15:57									#228
	Support Apolyton, buy Call to Power 2

**goes to perfect his money printing machine.

	12-12-2001 18:11									#229
	Help yourself to an AD-FREE life

"Besides, I didn't though such assemblies are that much older?"

Depends on what kind of institutionalization you look at. Flanders may be special though because as you say the cities got rid of most feudal bonds...

	12-12-2001 20:12									#230
	Enter the AD-FREE zone

quote: Originally posted by Saras DanS - thou shalt not attempt to see logic in the currency markets; thou shalt hedge thy exposures; thou shalt not invoke God's name while looking at the screen.

Hey, I was just repeating what my betters who are interested in economics were saying.

	14-12-2001 17:29									#231
	Roland Full PM-box? Change here!

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	14-12-2001 17:30									#232
	Ted Striker Support Apolyton buy from Amazon

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	14-12-2001 17:32									#233
	Sten Stenish Full PM-box? Change here!

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	14-12-2001 17:33									#234
	Support Apolyton, buy Alpha Centauri

Hmm... what's that wierd resemblence between me and the french civil servant ?

	14-12-2001 17:46									#235
	Support Apolyton, buy Civilization III: Complete

Btw, where is he?

	14-12-2001 17:48									#236
	Support Apolyton, buy GURPS/ Alpha Centauri

Still buried in the bond pits ?

	15-12-2001 18:57									#237
	Help yourself to an AD-FREE life

Am I being a tenacious irritant if I point out that core CPI keeps rising?

	15-12-2001 21:05									#238
	Remove this text

Unruhestifter

	17-12-2001 01:45									#239
	Support Apolyton, buy Civilization 2

Hey if Roland gets to be the cynical bastard, I’ll be the unruhestifter.

Dan, (or anyone else for that matter) I assume you’re familiar with Scientific Atlanta? Do you have an opinion about them?

	17-12-2001 02:37									#240
	Increase Your PM Length

SFA is a set-top box manufacturer. They hold about 1/3rd of the digital cable market (selling about 4 million boxes a year). Acquiring part of Barco.

Steady company. Consistent money-maker. No debt. Sufficient cash. Gross margins holding (responsive SG&A reductions).

Revs took a hit last quarter. Tough market. Deceleration of transition from analog>digital.

Overall, it seems worthy of further research, especially wrt which cable companies use their boxes and which cable companies are taking over the others. Of course, we would all like to see friendlier valuations.

Last edited by DanS on 17-12-2001 at 02:43