In regards to US refiners still being priced for good times, in my view as per EV/Capacity analysis. If you have a bullish near term view on their industry, think we're going back to 2006-2007, then fine. The point I...
Unless something odd happens, this week is likely to see an interesting but under-announced milestone: falls in house prices, in real terms, from their 2007 peak, exceeding 30 per cent (on the well-known Halifax measure). In cash te... Read Post
Our take on today's news and analysis: Mahaney defends Kindle EPS estimate, tries to address our concerns: "eBook $9.99 Price Point Is Likely A Loss Leader For AMZN BUT... — Given current industry economics where the eBook cost to a... Read Post