Is it possible for a bank to continue operating while being insolvent? The answer is yes, and Norinchukin Bank is the best example of it at the moment. I started to follow Norinchukin closely a long time ago (article) and the reason why I continue is because this little-known bank…
Category:Stocks
SUPER MICRO’S SECOND CHANCE OR NASDAQ’S NEXT SCANDAL?
Super Micro Computer, Inc. (SMCI) is under the Nasdaq microscope again, and it’s not a pretty sight for the exchange. The company missed its 10-K filing deadline back in August and already filed an NT 10-Q form anticipating they won’t be able to file its 10-Q on time either. Now…
THE MOST DANGEROUS MIX: EXUBERANCE, GREED AND DENIAL
I always pay attention to the reactions and comments on my posts and articles since no one is perfect, there is always room for improvement, and from time to time I make mistakes myself that I amend when brought to my attention. However, in the past couple of days, I…
SOFTBANK IS RUNNING OUT OF CASH, BUT NO WORRIES NVIDIA IS TRYING TO RESCUE IT
As I was finishing up drafting this article, a “breaking news” pops up: “SoftBank to get first NVIDIA chips for Japan super computer”. How timely, right? SoftBank just released its quarterly financial statements that leave not much room for doubt: SoftBank group only has cash to stay in business for…
SMCI – THE NUCLEAR NOTHING BURGER THAT CAN EXPOSE NVIDIA SHENANIGANS [PART 2]
As I write, NVIDIA is the most valuable company in the world while a key component of its supply chain (to not always use the words “Ponzi scheme”) is on the verge of being delisted from the NASDAQ only a few months after being included in the S&P500 on March…
HOW BANK OF AMERICA IS HIDING ITS MOUNTING PROBLEMS BEHIND A MOUNTAIN OF REPURCHASE AGREEMENTS
Finally, the 10-Q of Bank of America has been filed, and it is now time to check how things look in reality beyond the cheerful and “everything is awesome” press release and management call of a few weeks ago when the bank, as expected, beat market expectations (TODAY “EVERYTHING WILL…
BRACE FOR IMPACT: WHY MARKETS MAY FACE A VOLATILITY STORM AFTER THE 2024 US ELECTION
Finally, here we are with only one day left until the end of the most tragicomic US Presidential campaign ever. So far, investors do not seem too concerned about it, considering the shape of the VIX curve. Yes, some have put some hedging in place, but as you can see,…
UNTANGLING THE GREAT MICROSOFT ACCOUNTING (BORDERLINE FRAUDULENT) SHENANIGANS
Another great quarter for Microsoft that beat Wall Street analysts’ expectations comfortably (what a surprise), but once again the tides turned when the management started to provide guidance on future growth that came short of what investors were expecting, sending the stock price negative almost 4% during after-hours trading. However,…
WHAT HSBC ISN’T TELLING US: UNCOVERING THE RED FLAGS AND HIDDEN RISKS IN THEIR Q3 REPORT
Dear reader, please accept my apologies, but today’s article is going to be quite short. Why? Because in its latest quarterly release HSBC disclosed pretty much nothing relevant to truly assess its balance sheet’s strength in the 71 pages made available to the public. However, even if you can clearly…
MARKET EUPHORIA VS. ECONOMIC REALITY: GLOBAL STOCKS SOAR AS CRACKS DEEPEN BENEATH
To be completely honest, when I saw what happened today in the first minutes of trading in the Japanese stock market, my jaw dropped to the floor. I could not believe my eyes, literally. The outcome of Japan’s elections has been quite bad, with the government in charge effectively now…