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Doug Carey, CFA

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  • GE: Everything That's Wrong With Capitalism in America Right Now [View article]
    Wrong. They did receive TARP funds.
    Jan 27 09:40 AM | 13 Likes Like |Link to Comment
  • The USA Is Not Europe [View article]
    "Arguments that say otherwise are divisive and purely politically driven." That is flat out wrong. This has nothing to do with politics for most of us. This has to do with moral hazard as well as principles. California taking from Indiana or Colorado is pure theft. It also invites reckless spending. You also didn't mention the pension issues, which are mostly off balance sheet.
    Jan 24 10:08 AM | 4 Likes Like |Link to Comment
  • The End of America? Not Quite [View article]
    Tim- You are missing one very serious problem when you talk about wages keeping up with the devalued dollar. Whoever gets the printed money first makes out like a bandit. Therefore somebody has to lose and somebody is being stolen from. The banks get the money first, therefore they win. The folks who are on a fixed income lose. They are stolen from. Their wealth is transferred to the banks via Fed printing and fractional reserve lending.

    Also, real disposable income has gone up, but the MEDIAN real income has barely moved for over 10 years. Why is that? Because the banking sector has made huge profits while the middle class has gone nowhere. The finance sector in general used to be 5% of overall corporate profits. Now it is 30%. They have made the money. The middle class is getting wiped out by the oligarchs in the banking sector combined with the Federal Reserve printing money. I really think you're way off base with this article.
    Jan 23 12:34 PM | 10 Likes Like |Link to Comment
  • Just One Stock: The High Yielder Central to Waste Industry Transformation [View article]
    I really wanted to add WM to my list of solid dividend stocks, but their debt levels are just too high. Debt to equity is 147%. They need to cut this in half before I am interested.
    Jan 22 03:45 PM | 3 Likes Like |Link to Comment
  • A Disciplined Approach to Weighting High-Dividend Yield Stocks [View article]
    Yes, announcements of negative news are priced in immediately. But small increases in debt or a very slow decreases in the growth rate of dividends over time are not always priced in as they happen since they can either a)go nearly unnoticed or b)the market is looking only at short-run results. Also, when growth stocks are flying high and dividend stocks are out of favor, the weighting items I mentioned are practically ignored by most investors completely. But this is about long-term investing and staying disciplined.
    Jan 19 10:03 AM | Likes Like |Link to Comment
  • A Disciplined Approach to Weighting High-Dividend Yield Stocks [View article]
    It would be worth another article to backtest a few different weighting schemes. I will put that on my list of ideas. Thanks for the input.
    Jan 19 09:59 AM | 1 Like Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse Part I [View article]
    A ridiculous article, but it brought forth so many good comments from folks who understand why gold is money. Thanks to all the commenters who understand what is going on in the world today and why gold is a great hedge against currency debasement.
    Jan 18 01:25 PM | 13 Likes Like |Link to Comment
  • Reports of the Euro's Demise Are Greatly Exaggerated [View article]
    "No matter how "hard" and "irrevocable," Argentina's peg involved pesos, a national currency that was vulnerable to psychological pressure and loss of confidence."

    So the euro isn't subject to loss of confidence? Huh? All fiat currencies are based on faith and are therefore subject to loss of confidence. Pyschology plays a huge role in any currency today.
    Jan 17 05:53 PM | Likes Like |Link to Comment
  • Are Pensions the Cause of States' Problems? [View article]
    There is one easy solution. Get rid of defined benefit plans for all government employees.
    Jan 11 04:01 PM | 4 Likes Like |Link to Comment
  • Mainstream Haters Deny Gold Its Fundamentals [View article]
    Perfectly said- The haters want to pretend it's an investment. So many people still don't understand what is going on. One dollar in 1913 is worth five cents today. It will be worth less next year and the year after that.

    Thank you Wall Street Cheat Sheet for a well thought out article. Keep 'em coming!
    Jan 10 04:54 PM | 8 Likes Like |Link to Comment
  • Portugal Inches Closer to a Bailout, Bond Vigilantes Eye Italy Next [View article]
    I believe Japan was different, but their end game is near. For years they had very high savings rates, most of their debt was bought domestically (as you mentioned), they had huge trade surpluses, and they had their own for of QE using their own central bank. But make no mistake about it. Japan is heading toward fiscal ruin unless they cut their debt soon.
    Jan 10 09:03 AM | 2 Likes Like |Link to Comment
  • Johnson & Johnson and the Contributions of Dividends to Total Return [View article]
    Yes, that is right. The dividend yield would increase dramatically in the scenario I gave. My example, although possibly unrealistic in terms of the stock price not moving, was there to show how important dividends can be vs price movements. But yes, one would expect the price to rise if they continued increasing dividends over time.
    Jan 5 01:50 PM | 6 Likes Like |Link to Comment
  • Is Quantitative Easing 'Money Printing'? [View article]
    "because money printing is the last refuge of declining economic empires and banana republics."

    I've always loved that line and it applies today. Sadly, it applies to the largest and most modern economies on earth.
    Jan 3 12:55 PM | 4 Likes Like |Link to Comment
  • Avoid Eurozone Investing Until the Defaults Begin [View article]
    Politicians in general love to borrow. They get the benefits today and their successors have to deal with the debt. That is why so many countries, cities, and states don't default until they have to. They are addicted to debt. There is no doubt in my mind that what is in the best interest of the CITIZENS of Ireland and Greece is a default. At the very least they should stop guaranteeing bank debt and let their banks default.
    Jan 2 05:29 PM | 3 Likes Like |Link to Comment
  • Avoid Eurozone Investing Until the Defaults Begin [View article]
    There are no ETFs that I know of that invest in another country's debt and only their debt. I have only found ETFs that have multiple countries in them. There is an article I recently read on Seeking Alpha detailing different ways to invest directly in international bonds. Most of the ideas are in the Comments section-
    Jan 2 05:26 PM | 1 Like Like |Link to Comment