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Adam Scott  

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  • Don't Take Icahn's High-Yield Concerns Too Seriously [View article]
    Personally, I think the best opportunity to profit by shorting high yield has already passed. But if you still want to, I'm sure you can short those two funds you referenced in a margin account. You might also find a fund that shorts for you (which you could buy).
    Jul 29, 2015. 10:43 PM | Likes Like |Link to Comment
  • Don't Take Icahn's High-Yield Concerns Too Seriously [View article]
    Theoretically yes, though I spent the entirety of my article arguing the opposite.
    Jul 29, 2015. 10:39 PM | Likes Like |Link to Comment
  • Don't Take Icahn's High-Yield Concerns Too Seriously [View article]
    I agree, I think, with your first point - low yield (or at least low duration) may actually fare worse during the Fed's first rate hike than many think.
    Jul 29, 2015. 10:37 PM | Likes Like |Link to Comment
  • Don't Fear The Fed Rate-Hike Bogeyman [View article]
    You've left out a few relevant economies/currencies in Asia - like India and Russia, for instance...and all of those in Latin America - like Brazil, Mexico, Argentina, Chile... You did, however, point to one country whose currency has been relatively stable over the past few years. Another is Saudi Arabia. Key similarity? Enormous USD reserves.
    Jun 16, 2015. 09:55 PM | Likes Like |Link to Comment
  • Don't Fear The Taper [View article]
    Thanks for the comment, huey35.... I don't know exactly which strategies the pension funds and insurance companies use, and I also don't know what will happen with rates -- but I do like to look for possibilities that aren't being discussed much. There may not be a precise way to measure the appetite for Treasuries (sans Fed) at various interest rates, but I can only imagine it would be parabolic. Meaning, there is most likely a limit as to how high, and how quickly, rates can really go here...
    Jan 17, 2014. 01:05 AM | Likes Like |Link to Comment
  • What Could Go Right In 2014 [View article]
    This is an interesting comment. One thing CAT has going for itself at the moment, though, is a relatively large short interest -- technically the stock looks poised to move a little higher, which could easily trigger some of those shorts to cover.
    Jan 3, 2014. 11:39 PM | 1 Like Like |Link to Comment
  • What Could Go Right In 2014 [View article]
    The CEO of CAT has been wrong more often than not the past few years, and as a result is under increased pressure to issue more conservative estimates/guidance. 2014 may not be great, still, but when things are great the price won't be nearly as good.
    Jan 3, 2014. 11:30 PM | Likes Like |Link to Comment
  • What Could Go Right In 2014 [View article]
    Had CAT not over invested at the worst time its stock wouldn't be priced so favorably.
    Jan 3, 2014. 01:21 AM | Likes Like |Link to Comment
  • What Could Go Right In 2014 [View article]
    It's possible you'll never see CAT at $80 again. Right now it looks like BAC did at $5 -- current price discounts the absolute worst.
    Jan 3, 2014. 01:20 AM | 1 Like Like |Link to Comment
  • What Could Go Right In 2014 [View article]
    Not only is this is already being priced into the market, its negative impact is being overestimated.
    Jan 3, 2014. 01:15 AM | 2 Likes Like |Link to Comment
  • Ferrellgas Partners: Here's Why I'm Staying Long On This MLP And Its 8.13% Yield [View article]
    Digging deep is great, provided you aren't only looking for data to back up your own predetermined conclusion. Keubiko called FGP overvalued six months, and 25% ago -- since then their distributable cash flow has crept closer to 1x as they make immediately accretive acquisitions and refinance long-term debt. And as pass-through entities, MLPs almost all issue additional equity to fund initiatives, so the fact that more shares exist today than 18 years ago is nothing of note.

    My point is not that Keubiko isn't EVER helpful or insightful; but in this case, he isn't. His conclusions have cost, or lost, you money if you followed them.
    Nov 28, 2013. 02:02 PM | 1 Like Like |Link to Comment
  • Ferrellgas Partners: Here's Why I'm Staying Long On This MLP And Its 8.13% Yield [View article]
    Ok. Good luck.
    Nov 27, 2013. 07:03 PM | Likes Like |Link to Comment
  • Ferrellgas Partners: Here's Why I'm Staying Long On This MLP And Its 8.13% Yield [View article]
    Heather--don't be dissuaded by the negative comments above, with Keubiko's being the least insightful and helpful of all. While it's true that FGP's is not a particularly exciting story, sometimes those make the best stocks to own. A seasoned MLP investor understands the inherent tax benefits to the structure of their distributions. With the overwhelming majority of FGP's distributions coded as 'return of capital' and therefore tax-deferred, the taxable equivalent yield (TEY) is well into double digits for the highest marginal tax rate, and has been since inception. Not interested in income? Reinvest the dividends--your effective cost basis for shares bought in 1994 would be $3 today. Doesn't sound much like a bond to me....
    Nov 27, 2013. 04:29 PM | 1 Like Like |Link to Comment
  • Yellen From The Rooftops [View article]
    You are very insightful and interesting writer. I look forward to your future articles. Keep up the good work!!
    Oct 28, 2013. 05:28 PM | Likes Like |Link to Comment
  • Yellen From The Rooftops [View article]
    As RE prices have increased, so too has the number/size of outstanding loans eligible for refinance. REITs look good from a technical standpoint, too....
    Oct 24, 2013. 07:09 PM | Likes Like |Link to Comment
COMMENTS STATS
45 Comments
14 Likes