Month: May 2018

Jim Chanos regarding Tesla’s liquidity and credit strength: “Tesla’s quick ratio dropped to 0.38 and their (Altman) z-score is approaching 1.0. Both are indicative of a company in financial distress.”

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Jim Chanos to @Reuters regarding Tesla's liquidity and credit strength: "Tesla’s quick ratio dropped to 0.38 and their (Altman) z-score is approaching 1.0. Both are indicative of a company in financial distress.” @Reuters @ReutersBiz @elonmusk — Jennifer Ablan (@jennablan) May 3, 2018 http://www.businessinsider.com/the-altman-z-score-is-it-possible-to-predict-corporate-bankruptcy-using-a-formula-2011-4 “In subsequent tests over 31 years up until 1999, the model was … Read more

US-China Rivalry Is More Than a Trade War

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BY JOHN MAULDIN This year, China is in the headlines because President Trump wants better trade terms. That’s important, but it’s only one piece of a much larger Chinese story that has been unfolding slowly for decades. The US sees China as both partner and rival. Obviously the two economies are intertwined and depend on each other. President … Read more

Financing small businesses…with credit cards

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by Trivirus I’m aware most of you aren’t self-employed or small business owners, but understand I’m not a fan of the system either. I’m just trying to “play by the rules” because, last I checked, there’s no revolution going on, and making a living for myself is, you know, slightly important. So please don’t inject politics into this … Read more

This Is the End of Privacy as We Know It

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BY PATRICK WATSON The thing about breakthrough technologies is that we rarely see the break. They tend to sneak up on us. Every now and then, something revolutionary comes out of nowhere, like the iPhone in 2007, but it still took a few more years to take off. The other thing that we rarely notice is how … Read more