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Goldman Sachs: Excellent Business But Thin Margin Of Safety (NYSE:GS)
My name is Karandeep Kumar, and I am an investor based in Canada with a Master’s in Business Administration. My professional background is quite diverse, spanning the worlds of technology, marketing, and creative industries. This multidisciplinary experience gives me a unique vantage point when evaluating a company’s health, as I look beyond just the numbers to understand the “why” behind their business model. I am passionate about finance and investing, and I spend a considerable amount of time reading and understanding quarterly and annual reports. I believe that the best way to understand a company is to read the fine print that others might skip (especially the footnotes!). My personal strategy is a blend of value and growth. I am equally inspired by Benjamin Graham’s value investing principles and the forward-looking, unconventional approach of venture capital. On one hand, I look for solid companies that are currently “on sale” because of weak sentiment. On the other hand, I am always on the lookout for under-the-radar businesses where the real potential isn’t yet widely known (Trust me, there are a lot of undervalued gems in Canada!) My goal in writing for Seeking Alpha is simple: I aim to share my research and analysis with you, helping you make more informed investment decisions.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Tax Deadlines Accidentally Got Turned Off for Three Years. Now What?
WASHINGTON—Oops. So it turns out that Congress may have turned off tax-filing and payment deadlines for more than three years.
A federal court ruled late last year that the tax code’s relaxed rules for disaster victims—combined with presidential disaster declarations during the Covid-19 pandemic—paused required deadlines between Jan. 20, 2020 and July 10, 2023. The ruling means that the traditional April 15 payment date and other required deadlines didn’t actually matter during that period—if the ruling stands after possible appeals.
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Stocks pare losses, trade little changed as traders search for direction

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Business
Common Pet Health Issues and When to Visit the Vet
Living with a pet means worrying. More than people admit. Pets get sick. They hide pain really well. They still eat. Still wag their tail. Act fine when they are not. That makes it harder for owners just trying to do the right thing.
Knowing common pet health issues can help you in different ways. It helps you decide if you can just wait a couple of days or if you really need to get on the phone with the vet. Making the right choice saves you a lot of money. It definitely saves you a ton of stress, too. And yeah, sometimes it even saves their life.
This article walks through the most common health problems pets face, and when to visit the vet. No big words. Just real stuff pet owners deal with.
Stomach Problems Happen a Lot
Stomach issues are very common in pets. Dogs eat things they should not. Cats get upset stomachs, too. Sometimes for no clear reason.
You might see vomiting, diarrhea, and less interest in food. Or all of it at once. It can be messy and stressful fast.
A one-time stomach issue can pass. Especially if your pet still drinks water and acts mostly normal. That happens. But if it keeps going, that’s when it becomes a problem.
Go to the vet if:
- Vomiting lasts more than a day
- Diarrhea won’t stop
- There is blood
- Your pet looks weak or tired
Stomach problems can be caused by parasites. Infections. Food allergies. Or something stuck inside. Waiting too long makes it worse.
For pet owners with emotional support animals, planning can help reduce stress. Knowing how to get ESA letter can save time and make managing care a bit easier when life is already hectic.
Skin and Fur Issues
Skin issues are easy to spot. But many people usually ignore scratching, licking, red spots, bald patches, and a smell that you can’t explain. Pets itch for reasons: fleas, allergies, dry skin, and sometimes stress.
If your pet scratches once in a while, fine. If they scratch all day and all night, that’s not fine.
Call the vet if:
- Skin looks raw or wet
- Hair keeps falling out
- Scratching causes wounds
- There is swelling or a smell
Catching it early makes things easier. Less treatment, less stress, and less discomfort for your pet. Ignoring it just drags things out, and no one wins that way.
Ear Infections Are Painful
Ear problems are common. Especially in dogs. Cats get them, too, just less often. Head shaking is a big sign. Scratching at the ears, redness, bad smell, and dark stuff inside. Ear infections don’t fix themselves. They get worse and more painful.
See the vet if:
- Your pet cries when its ears are touched
- There is discharge
- Head shaking doesn’t stop
- One ear looks worse than the other
Ignoring ear infections can lead to hearing loss. Infections can move deeper into the ear. Balance issues can start. Hearing loss is a real risk. This isn’t something to watch and wait on.
Teeth Problems Get Ignored Too Much
Dental issues sneak up on pets. Bad breath is usually the first sign. Owners joke about it. They shouldn’t. Other signs include yellow buildup on teeth, swollen gums, drooling, and dropping food while eating. Dental disease spreads bacteria into the bloodstream. It affects organs. Not just the mouth.
Vet visit needed if:
- Breath smells awful all the time
- Gums bleed
- Teeth look loose
- Eating becomes hard
Dental care feels expensive. No one likes that bill. But waiting always costs more. Pets don’t complain much. They keep eating. They keep wagging. That doesn’t mean they’re okay. Teeth problems hurt. They just suffer quietly.
Parasites Are More Than Annoying
Fleas, ticks, and worms are all common and dangerous. Fleas cause itching and skin infections. Ticks spread disease. Worms steal nutrients and weaken pets.
Signs to watch:
- Scratching nonstop
- Weight loss
- Scooting on the floor
- Pale gums
- Visible bugs
Go to the vet if:
- You see parasites
- Your pet seems weak
- Scratching won’t stop
- The stool looks strange
Preventative meds matter a lot. Skipping them feels harmless at the time. But it causes problems later. Bigger ones. Harder to fix.
Breathing Issues Are Serious
Coughing and sneezing happen. But breathing problems can turn serious fast. Watch for heavy breathing. Wheezing. Open-mouth breathing in cats. Blue gums. Pets should not struggle to breathe.
A vet visit is urgent if:
- Breathing looks hard
- Gums look pale or blue
- Pet collapses
- Coughing won’t stop
Breathing problems are serious. They can turn bad fast. Faster than people expect. This is not a wait-and-see situation.
Urinary Problems Sneak Up Fast
Urinary issues are common, especially in cats. Signs include frequent trips to the litter box. Crying while peeing. Accidents indoors. Blood in urine. Male cats can get blocked. That is an emergency.
Go to the vet right away if:
- Your pet can’t pee
- There is blood
- Your pet strains and cries
- Litter box visits increase suddenly
Urinary issues can turn dangerous fast. Blockages happen. Pressure builds. Waiting can lead to kidney failure or worse.
Joint Pain and Mobility Issues
Pets slow down with age. That’s normal. Pain is not. Arthritis affects dogs and cats. Cats hide it better. Signs include limping. Trouble jumping. Stiffness after sleep. Mood changes.
A vet visit is needed if:
- Limping lasts more than a day
- Movement causes pain
- Pet avoids stairs or play
- Behavior changes around touch
Pain management can improve life a lot. Even in older pets.
Behavior Changes Mean Something
When pets act differently, it usually means something is wrong. Aggression, hiding, crying at night, confusion, and sudden anxiety. Sometimes it’s a mental decline. Sometimes pain. Sometimes illness.
See the vet if:
- Personality changes suddenly
- The pet seems confused
- Anxiety appears out of nowhere
- Behavior problems don’t stop
Always rule out medical causes first. Behavioral issues can be signs of something serious. Don’t assume it’s “just them.” Getting it checked early makes treatment easier and less stressful for everyone.
Weight Issues Are Health Issues
Extra weight hurts pets. Thin pets can be sick too. Obesity causes joint pain. Diabetes develops. Heart problems appear. Obesity can shorten their lives. Sudden weight loss can mean serious illness.
Vet help is needed if:
- Weight changes fast
- Appetite disappears
- Weight won’t change despite diet
- The pet seems weak
Nutrition plans should be realistic. Not extreme. Crash diets don’t work for pets. Slow, steady, safe changes are the key. A healthy weight keeps pets happy and active longer.
Chronic Conditions Need Monitoring
Some pets live with long-term illness. Diabetes. Kidney disease. Heart problems. Seizures. These pets need regular checkups, blood work, and adjusted meds.
For owners with emotional support animals, planning health care matters. Housing and paperwork can add stress. Knowing what a Legitimate ESA letter is can help with stability. It’s not just about paperwork; it’s about making life smoother for you and your pet.
Emergency Signs You Should Never Ignore
Go to an emergency vet if you see:
- Seizures
- Collapse
- Severe bleeding
- Poison exposure
- Sudden paralysis
- Extreme pain
Don’t wait. Don’t Google for hours. Time matters.
Preventive Care Saves Trouble Later
Regular vet visits catch problems early. Vaccines. Blood tests. Dental checks. Parasite prevention. Preventive care costs less than emergency care. And causes less heartbreak.
Even healthy pets need checkups. Especially seniors. For budgeting and planning, understanding the ESA letter cost may help. Some owners with emotional support animals combine paperwork planning with vet visits and meds. That way, life is easier, and pets stay safe.
Final Thoughts
Pets rely on us to notice changes, small ones and quiet ones. Most serious problems start mildly. Then grow. If something feels off, it probably is. Trust that feeling. Call the vet. Ask questions. It’s okay.
Good pet care is not about perfection. It’s about paying attention. Showing up. Doing your best on tired days. That effort matters more than you think.
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Ford to follow Tesla Cybertruck with electrical tech in new EV pickup
A Ford F-150 Lightning next to a Tesla Cybertruck.
Michael Wayland / CNBC
DETROIT — Ford Motor‘s $5 billion “bet” on its next generation of all-electric vehicles will feature a budding technology that Tesla commercialized in the U.S. on its Cybertruck, the Detroit automaker said Tuesday.
The system, known as a 48-volt electrical architecture, had been discussed in the automotive industry for decades but Tesla was the first to bring it to consumers in 2023.
The auto industry has historically used a 12-volt system with a lead-acid battery for all vehicles to power the car’s accessories — but that’s been problematic and caused recalls for many EVs. The new architecture instead uses the EV’s high-voltage battery to power everything.
The 48-volt system improves efficiency, allows for additional electrical bandwidth and saves weight through the reduction of wiring, officials have said. The power also can be “stepped down” to 12 volts, when needed, through the use of new electronic control units, or ECUs, that handle different groups of an EV’s architecture.
The new electrical system is one of many innovations that Ford believes will allow its next-generation EVs — starting with a $30,000 small electric pickup truck in 2027 — to compete against Tesla as well as rapidly expanding Chinese brands in global markets.
“At Ford, we took on the challenge many others have stopped doing. We’re taking the fight to our competition, including the Chinese,” Ford CEO Jim Farley said during an August event at a plant in Kentucky that will produce the unnamed electric pickup. “For too long, legacy automakers played it safe.”
Farley has called it a “Model T moment” for the company, referring to the company’s flagship vehicle that came out more than a century ago and led to the mass adoption of vehicles during the early 1900s. He’s also called it a “bet” for Ford given the amount of changes it will make to the EVs as well as the company and its processes.
Ford expects the new EVs, which will be based on a common “Universal Electric Vehicle,” or UEV, to have comparable costs to gas-powered vehicles through new technologies and efficiencies. Currently, the massive batteries that power EVs have made them far more expensive to produce and have been infamously unprofitable.
The Detroit automaker has said the new EVs will reduce parts by 20% versus a typical vehicle, with 25% fewer fasteners, 40% fewer workstations dock-to-dock in the plant and 15% faster assembly time.
“It represents the most radical change on how we design and how we build vehicles at Ford since the Model T,” Farley said at the plant. “Now is time to change the game once again.”
Ford CEO Jim Farley speaks at the Louisville Assembly Plant as the company shares its plans to design and assemble breakthrough electric vehicles in the United States, Aug. 11, 2025.
Courtesy: Ford
Ford said those improvements, as well as price points that are more similar to gas-powered models, will lead to greater adoption of EVs. That’s despite a significant slowdown in U.S. EV sales amid changes to federal support by the Trump administration as well as less-than-expected consumer adoption.
U.S. EV sales peaked in September, ahead of the federal incentives ending, at 10.3% of the new vehicle market, according to Cox Automotive. That demand plummeted to preliminary estimates of 5.8% during the fourth quarter.
Those market conditions recently led Ford to announce $19.5 billion in write-downs, largely related to a pullback in EV plans, but the company said it will continue to invest $5 billion for its new UEV platform through 2027.
“Our focus has been on giving them everything they would get in a nice vehicle and more, and we think that that will allow us to ultimately not just make an affordable vehicle, but make one that’s extremely desirable,” Alan Clarke, Ford’s executive director of advanced EV development, said during a media briefing.
48-volt system
The 48-volt system provides significant benefits to other parts of the vehicle aside from just the battery and is expected to continue to do so as the bandwidth of 12-volt batteries gets maxed out, according Clarke, a former Tesla executive.
“It’s less expensive, has smaller wires and is the future of automotive,” he said. “So, if you want to future-protect this platform to exist for more than a decade … it’s very clear that 48 made the most sense.”
Alan Clarke, Ford’s executive director of advanced EV development, during a video presentation on Ford’s Universal Electric Vehicle platform.
Courtesy Ford
Ford said the wiring harness in the new midsize truck will be more than 4,000 feet shorter and 22 pounds lighter than the wiring harness used in Ford’s first-generation electric SUV.
Tesla CEO Elon Musk sent competitors such as Ford and General Motors a “how-to” guide on developing a 48-volt system in 2023.
Clarke said Ford had already decided on a 48-volt platform before getting the letter but that it “certainly added fuel to the fire” and was a “helpful starting point to see how they thought about” it. It also helped suppliers get ready to assist with 48-volt systems, he added.
Gigacastings
In addition to the 48-volt system, the company on Tuesday released additional details on how it’s achieving its targets with the new EV through aerodynamics, team “bounties” to increase vehicle efficiency and turning to Tesla-pioneered “gigacastings.”
Gigacasting is a manufacturing process that can replace dozens of traditionally small, stamped parts with larger pieces. The process requires massive machines to pressurize large sheets of metal into parts such as a vehicle’s facia or underlying structure.
Ford said the new pickup will only have two structural front and rear parts compared with 146 such components on its current gas-powered Maverick small pickup.
Ford also said its aluminum castings for the upcoming EV are more than 27% lighter than those features on a Tesla Model Y.
“We’re still on a really steep decline of EV costs, and you can only get that by innovating, and you can only get that by system level, optimizing into what eventually becomes a product that a customer wants,” Clarke said.
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