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Andrew Heyl  

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  • Buffett wins again; Street gives no credit [View news story]
    Berkshire buys utility stocks
    Jul 26, 2015. 04:38 PM | Likes Like |Link to Comment
  • Q2 2015 Takeaway: Blackstone Group's Distribution May Peak In 2015 Or 2016 [View article]
    The main reason I invest in BX is that, because of their size, they are able to take advantage of distressed investments, that the normal investor can't. Most retail investors can't take advantage of alternative assets. So far BX seems to be smart in this area.
    Jul 24, 2015. 09:32 AM | 1 Like Like |Link to Comment
  • The Buckle Should Get Aggressive On Its Expansion Plans [View article]
    Your points are well taken and do point out the risks of expansion. I doubt however that BKE is going to get much additional growth out of their existing, stores. They seem to have reached a top that will be difficult to break through. They should continue to make good profits and pay big dividends, but the market will not reward them for this unless they start growing again. With regard to the availability of stores, I somewhat disagree. Many of the competitors are de-leveraging by decreasing their store numbers, this should create opportunities for new store space, both in price and location, and also provide BKE with an opportunity to pick up market share.

    Another headwind however, are the recent reports of a decline in sales of jeans to women who are switching to yoga pants. Levi is developing denim that is more comfortable for women to counter this trend.
    Jul 24, 2015. 09:07 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources: More Pain Around The Corner [View article]
    Nice to here there are a few people that don't thing iron ore prices will go to zero. The biggest problem with the iron ore business is the majors who have refused to reduce production, but instead have increased it, hoping the small producers will go out of business. They hope this will at some point give them a monopoly business, but so far it hasn't worked. In the mean time the normal supply and demand economics is not working, but it looks like we are seeing a blowout. Either the majors are going to cave, and quit increasing there production, or the small minors are going to be gone. In either situation, it looks like you have a decrease in demand. By the way, world iron ore demand is increasing just by a smaller rate.
    Jul 4, 2015. 10:03 AM | 1 Like Like |Link to Comment
  • Baxalta debuts today [View news story]
    I'm getting 1 for 1 shares. I thought it was suppose to be 1 for 3. When did that change
    Jul 2, 2015. 11:54 AM | 3 Likes Like |Link to Comment
  • The Buckle Should Get Aggressive On Its Expansion Plans [View article]
    Thanks for the insight. I imagine you're right about Hirschfeld, but I'm 71 and know how quickly things can change at that age. Do you know if any of his heirs are involved in the business? I'm concerned about retail also, but I'm betting on kids still wanting to try on jeans, and jeans have never gone completely out of style in my life time. I've been holding on to my Buckle shares primarily for the dividend, its better than a utility, but unfortunately I don't see much growth unless they change their policy on expansion, which is always hard for a close company like BKE to do, I really can't see them just chugging along with good profit and no growth without doing something. I did notice today that Gap is closing a large amount of its store, which shows the problem with over leveraging expansion. I don't think you have to worry about BKE doing that.
    Jun 17, 2015. 10:34 AM | Likes Like |Link to Comment
  • What The Great Recession Taught Me About Dividend Growth Investing [View article]
    Fair value is generally nothing more than basing the value of a stock on its past performance, and what one thinks is a proper return for the macro environment. If you think the business is going to underperform from its past, you get out. If you think its going to over perform, you buy more. To me thats a much sounder way of investing than speculating on the growth of the latest hyped company.
    Jun 11, 2015. 05:45 PM | Likes Like |Link to Comment
  • Why You Should Own Utility Westar Energy [View article]
    From what I read, Kansas is in a Revenue Crisis, due to substantial tax cuts. The Governor and state legislatures have tried to plug the gap by cutting school funding, and the issue is now in the courts. The governor and legislatures are threatening to defund the courts if they rule in favor of the schools, which could result in a constitutional crises. Doesn't sound real stable to me. On the plus side, low taxes, could bring in out-of-state businesses but so far it hasn't seemed to work, and cutting funding for Kansas schools, could be a negative for both businesses and their employees. Do you have any opinions on how all this turmoil could affect WR.
    Jun 11, 2015. 04:25 PM | 3 Likes Like |Link to Comment
  • Crude Oil: Record Domestic Production Amidst Bottoming Rig Count Screams 'Strong Sell' [View article]
    Does anybody have any opinions on what the flooding in South Texas is going to to do for the next couple of months?
    May 29, 2015. 04:36 PM | 1 Like Like |Link to Comment
  • Baxter details post-split financial objectives [View news story]
    BAX has most of the profits but their margins are lower.
    May 19, 2015. 01:21 PM | Likes Like |Link to Comment
  • Baxter details post-split financial objectives [View news story]
    my calculations indicate that the 5 year average payout ratio prior to 2014 was 33%. 2014 was a lot higher. It looks like they want to return to their prior strategy. The real issue is whether they can reach there growth goals. I noticed that FAST Graph's list of analysts has a minus 2 1/2% growth rate on earnings.
    May 19, 2015. 01:18 PM | Likes Like |Link to Comment
  • Pioneer Natural sinks 2.5% as Einhorn slams PXD, other frackers [View news story]
    I believe Eihorn put a 30 year life on a fracking well in his calculations. Pretty impressive presentation. Bottom line when you calculate the depletion, capX, capital expenses, and costs of capital (even at $100 oil) your losing money.
    May 4, 2015. 02:38 PM | 1 Like Like |Link to Comment
  • Buy LED Medical Before Your Dentist Does [View article]
    Isn't Sirona the leader in this technology?
    Mar 26, 2015. 02:14 PM | 1 Like Like |Link to Comment
  • Oil Will Bottom In 3 Weeks: A Comprehensive Analysis Of Domestic Oil Production [View article]
    If we have so much inventory why are we still importing oil? Producers must be holding it waiting for a higher price, especially since foreign oil is more expensive. When storage becomes prohibitive, Inventory will be sold, and that will cause a big decline in foreign oil, probably causing a reduction in production.
    Mar 23, 2015. 02:41 PM | 1 Like Like |Link to Comment
  • Exxon Mobil: Don't Sell Your Stake Just Because Warren Buffett Did [View article]
    The Saudis have numerous ways they could play this out. Don't forget they have a large sovereign wealth fund. Whats to prevent them from driving down the price of oil, buying up the major oil companies at cheap prices and then driving up the oil prices. The Saudis still control the price since they are the only giant in the production business. Thousands of shale oil producers can't do this.
    Feb 20, 2015. 03:10 PM | Likes Like |Link to Comment