M&A Buzz
Followup: What TWTC Could Buy: XO: intercity fiber, a complementary metro
fiber footprint, and an EoC business for a higher margin platform; Lumos
Network: deep and unique fiber footprint, profitable, higher margin, and
publicly trade at a lower multiple than tw telecom itself; Integra: ore fiber
and larger multisite customers, relative valuation remains in question. [Note:
disclaimer: pure speculation]…Source: http://www.telecomramblings.com/2013/05/ma-buzz-followup-what-twtc-could-buy/
Safety concerns
threaten the market for caffeinated food and drink: US Sales of energy
drinks topped $8.6 bn in 2012, 12x vs 10 years ago w/ Red Bull, Monster, and
Rockstar in the lead. FDA had been threatening stronger regulation for a while,
but can they succeed when America is already wired on the way more potent
coffee? Source: http://www.economist.com/news/business/21578061-safety-concerns-threaten-market-caffeinated-food-and-drink-buzz-kill
What online video and
TV fans can expect from Microsoft’s next Xbox: perhaps an x86 process by
AMD, easier for multi-tasking and docking PC versions over, a blue ray drive,
live TV, and no Xbox mini. [Note: gimics; what about the games?]…Source: http://gigaom.com/2013/05/20/next-xbox-preview/
Brilliant Morgan
Stanley Strategist Retires And Reminds Everyone He Only Had A Job Because
Investors Are Dumb:
“...The good news for the professionals is that many
amateurs persist in trying to beat the market and, in aggregate, they seem to
do a significantly worse job than the professionals
The biggest problem appears to be that – despite all the
disclaimers – retail flows assume that past performance is a good guide to
future outcomes. Consequently money tends to flow to investments that have done
well, rather than investments that will do well. The net result is that the
actual returns to investors fall well short not just of benchmark returns, but
the returns generated by professional investors.”
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