Showing posts with label Pain. Show all posts
Showing posts with label Pain. Show all posts

2019-01-14

Attention Amazon $AMZN Investors, Day 2 May Have Just Arrived

What's Day One at Amazon? What's Day Two?

Amazon.com, Inc., (NASDAQ: AMZN) (domain: amazon.com) video above published Apr 19, 2017: "At a recent Amazon all hands meeting, Jeff was asked 'Jeff, what does Day 2 look like?'"
'Jeff, what does Day 2 look like?' That’s a question I just got at our most recent all-hands meeting. I’ve been reminding people that it’s Day 1 for a couple of decades. I work in an Amazon building named Day 1, and when I moved buildings, I took the name with me. I spend time thinking about this topic. 'Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.' To be sure, this kind of decline would happen in extreme slow motion. An established company might harvest Day 2 for decades, but the final result would still come. I’m interested in the question, how do you fend off Day 2? What are the techniques and tactics? How do you keep the vitality of Day 1, even inside a large organization?"--Jeff Bezos' 2016 Letter to Amazon Shareholders
Don't look now Jeff, but Day 2 may have just arrived, at your invitation:
Bezos owns approximately 16 percent of Amazon’s market cap of over $800 billion. Prominent short-seller Doug Kass, who runs hedge fund Seabreeze Partners, said he sold his stake in Amazon on news of the Bezos divorce, after initially buying a stake in late December and naming Amazon among his “best ideas list.”

Jeff, You May Be Needing This Soon:

Kohler unveiled a $7000 “intelligent toilet” called the Numi 2.0 at the Consumer Electronic Show in Las Vegas last week. It comes with built-in surround sound speakers, ambient mood lighting and Amazon Alexa, Amazon's AI voice assistant. You can talk to and ask Alexa questions while you're "doing your business." You can even ask Alexa to raise the lid as you walk into the bathroom, warm up the seat on a chilly day, change the glowing lights on the bottom of the seat, play music, and lastly, even ask Alexa to flush the toilet when you're finished.

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2015-09-29

Glencore Another Lehman? Commodity Prices Affecting Credit Markets



UPDATE: September 29, 2015: Glencore Feels the Pain from China-led Slowdown - Glencore Plc rebounded in London trading a day after the stock fell 29 percent to a record low on concern is debt pile its too large to withstand a prolonged slump in commodity prices. Glencore has been caught up in a China-led slowdown that’s hit prices for commodities from oil to copper to coal. Billionaire Chief Executive Officer Ivan Glasenberg is working on a $10 billion debt reduction plan that includes the sale of assets, shelving of the company’s dividend and a $2.5 billion share sale completed earlier this month.



Glencore may spark a Lehman moment for miners (CNBC)"Hong Kong-listed shares of the Anglo–Swiss commodity giant crashed 27 percent on Tuesday after its London-listed shares plummeted 29 percent in the previous session amid fears about its financial health. A widely-circulated note from Investec [investec.com] on Monday pointed to a debt base well above peers and a lower-margin asset base, warning of a scenario in which earnings could collapse entirely as the firm works purely to repay debt. That would eliminate all shareholder value, the brokerage warned."

Glencore reportedly also has many counter-party transactions, so concerns about a domino effect and the leverage of other parties are high--

"Glencore is like Lehman Brothers, they have the most sophisticated trading desk when it comes to metals, coal, copper, iron ore. They're not just a company processing ore from the ground. If it was to unravel, that could have a global impact... Cheap money has fueled companies for so many years, so to an extent we've been living in cuckoo land. But all this money has not had the desired effect. At some point, we have to let companies go bust so the good companies can actually do well."--Frank Holmes, CEO and chief investment officer at U.S. Global Investors (source: CNBC, supra)

Domain Name: glencore.com

Stock exchange: Symbol - LON: GLEN

Glencore plc is an Anglo–Swiss multinational commodity trading and mining company headquartered in Baar, Switzerland, with its registered office in Saint Helier, Jersey.(Wikipedia)



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