Wynter Benton: Revenge is a Dish Best Served Cold, The Morgue May Be Dead by 2011

[Large Sarge]

Wynter Benton: Revenge is a Dish Best Served Cold, The Morgue May Be Dead by the End of the Year
While the cartel partied in The Hamptons and allowed their European counterparts to raid gold and silver on their own today, Wynter Benton published another message for JPM today, speculating whether JP Morgan's common stock will drop below $20 after earnings are reported in October, and that "The Morgue" will be "deaded" (as in past tense dead) by the end of the year.




When will The Morgue be in the 20s?
before or after silver is above $50? Any guesses?

Will the Morgue even be in the 20s after it reports earnings in Oct? Will it be "deaded" before the end of the year?

Stay tuned ladies and gents, The Morgue is about to go bye bye!!

Revenge is a dish best served cold. - suggesting that emotional detachment and planning ("cold blooded") are best for taking revenge. No colder than Blythe when she fired her traders!!

...........do da do da............

Click here for the Wynter Benton thread on JP Morgan's Yahoo Finance page
Posted by The Doc

[Large Sarge]

http://search.messages.yahoo.com/search?.mbintl=finance&q=wynter_benton&action=Search&r=Huiz75WdCYfD_KCA2Dc-&within=author&within=tm

[gunDriller]

" Be afraid, be very afraid!!!
There is no escape for The Morgue!!! There is not enough physical silver. We want to re-emphasize that the equilibrium price for silver is over $80 given the current demand for physical silver. .........do d a..."

What is Wynter's technique for calculating the equilibrium price ?

http://finance.yahoo.com/q?s=jpm&ql=1

JPM's official financial position & results - in 2006, Bush delegated to Negroponte the prerogative to allow ANY contractor who does business with the US gov. to deviate from GAAP (accounting principles) for "national security reasons" - so you have to take the official results with a grain of salt. JPM could be on the edge of default, and with government permission mis-stating their financial picture.


they have a market cap of 135 Billion. Quarterly net profit of $5 Billion on Revenues of $26 Billion.

Current Assets of $340 Billion. Current Liabilities of $1430 Billion. WHOAAAAAA !

where are they going to come up with $1090 Billion to pay off current liabilities ?


normally this would be a Problem. But JP Morgue is a Prototypical Fascist company, a fusion of corporate & government interest.

normally, a company with a net profit and a HUGE deficit - well, it would take over 200 quarters (50 years) to bring down that deficit. people would shy away from it.

but JPM pays a medium sized dividend - $1 per share per year, it comes out to 2.90% dividend yield. 3.9 Billion shares outstanding - so they're paying $3.9 Billion a year in dividends.

since interest rates are so low, a company with a dividend yield of 2.9% is not great.


they sure got a sweetheart deal going. paying out a medium sized dividend when they've got $1090 Billion of Current Liabilities.

Current Liabilities is money that has to be paid off in less than a year - usually sooner - but this is a bank.

if you had a quarterly income of $5 Million, how would you feel about having short-term debt of $1090 Million ?

if it was a person, such a person would be BANKRUPT.


i wonder how many of their investors read the balance sheet and income statement ?

WOW.

[osoab]

i wonder how many of their investors read the balance sheet and income statement ?



Shares have been probably dumped into mutual funds and pension plans. You don't get a choice sometimes for not investing in the morgue. Before we switched plans, every fund offered (like only 12) had JPM as some sort of the fund portfolio.

back to the OP...

Is see the "your going to die part" wasn't part of the ending that has been used in the past 2 or 3.

the Doc is a new poster too isn't he/she?

[Hatha Sunahara]

But....but...but...but...They're TOO BIG TO FAIL!!!

The first time I heard that little 'meme'' 'TBTF' I had no idea how that would slip by everybody's non existent critical thinking faculties.

NOTHING is TBTF! Too Big is usually a warning sign for failure. Everything that's too big needs to fail to put the system back into equilibrium.


Hatha

[Large Sarge]

$36 silver was the magic number...

if we get through sept without seeing $36 silver, then the morgue is dead, the derivative silver bomb has been lit....