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Adam Scott

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  • 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 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 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 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 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 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 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 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 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 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 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 07:09 PM | Likes Like |Link to Comment
  • Yellen From The Rooftops [View article]
    The only thing I've heard about that is "mid-November at the earliest" -- should be interesting! Thanks for the comment, 'hagan'.... ;-)
    Oct 24 07:07 PM | Likes Like |Link to Comment
  • Apples To AA+ Apples [View article]
    That seems like a very reasonable, and easily replicated, strategy for just about anyone. Great comment.
    Jun 26 09:46 AM | Likes Like |Link to Comment
  • The Rising Rate Of Interest In Interest Rates [View article]
    Do you have any data to back that up? While I agree with your assertion that the "consumer is still flat broke" I am interested in what you are basing the rest of your commentary on....
    Jun 5 05:27 PM | Likes Like |Link to Comment
  • The Rising Rate Of Interest In Interest Rates [View article]
    Thanks for the comment, Bill. Are you sure they didn't have adequate cash on hand to make that investment without the bond offering?
    Jun 5 11:55 AM | Likes Like |Link to Comment
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