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John McCoy  

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  • Safe 15% Annual Return With Rite Aid [View article]
    Oh, I missed that one. Thank you!
    Nov 9, 2015. 11:01 AM | 1 Like Like |Link to Comment
  • Safe 15% Annual Return With Rite Aid [View article]
    Thanks for the great article Chris. I've been looking at this opportunity and agree with your assessment - reasonable return opportunity with fairly low downside risk.

    Have you considered writing an article on the ANTM / CI merger opportunity? Larger potential return albeit with higher risk. I'd love to hear your take on that.

    Thanks again!
    Nov 9, 2015. 09:31 AM | 1 Like Like |Link to Comment
  • Berkshire returns to energy sector with $4.5B stake in Phillips 66 [View news story]
    There were several reports, including here on SA, that Buffet had closed out his PSX stake. I believe these reports were incorrectly based on the fact that the position was not reported on their 13F quarterly filing. It did not appear on the filing because it was withheld pending his building the position, but several "news" sources incorrectly assumed it was not disclosed because he had sold the stake.
    Aug 29, 2015. 06:23 PM | 7 Likes Like |Link to Comment
  • Bank Of America: Think About It, This Bank Is Currently A Long-Term Buy [View article]
    "The Federal Government hates banks."

    The Federal Government does not hate banks. The current administration hates banks, and they're going away next year. Whoever the new administration is, Democrat or Republican, they will be a vast improvement over the current regime. Long BAC and would be buying more here if I wasn't already overweight the position.
    Aug 26, 2015. 08:00 PM | 2 Likes Like |Link to Comment
  • Warren Buffett And The Art Of Focus Investing [View article]
    Great article Ibex, thank you. I've long subscribed to the concentrated portfolio theory and currently have 75% of my personal portfolio in BAC, JPM, BRK-B and MKL, and the results have been tremendous. Having the patience to wait until the right buying opportunity comes along, combined with the ability to ignore volatility and even add shares when the blood hits the streets is crucial, but will lead to stellar long term results.

    Thanks again for the article, you've got a new follower.
    Aug 6, 2015. 07:22 PM | 7 Likes Like |Link to Comment
  • Reuters: Vote on Moynihan's BofA chairmanship coming this year [View news story]
    "Bank of America is likely to put shareholders to a vote this year to decide whether CEO Brian Moynihan keeps his title as chairman of the board."

    Haven't we done this once already in 2009? It makes no difference if it's Lewis or Moynihan, the CEO and Chairman role need to be separate, with only very rare exceptions such as Berkshire Hathaway. SMH.
    Aug 1, 2015. 09:47 AM | 4 Likes Like |Link to Comment
  • 2015: How To Make Money In This Lousy Year [View article]
    Long MKL is the place to be. MKL and BRK-B are my two biggest holdings. Lots of value right now in financials, especially the big Canadian banks (BMO, BNS and TD). Rails (NSC, UNP, ARII), large cap and mid-steam energy MLPs (XOM, CVS, BP, EPD) and REITs (O, HCP, VTR) are all down too. You'll never regret buying quality while it's on sale. Nice write up, thanks.
    Jul 29, 2015. 05:05 PM | 1 Like Like |Link to Comment
  • BofA more than doubles environmental lending pledge [View news story]
    They're not "spending" anything, they're lending, which is what banks do.
    Jul 27, 2015. 06:41 PM | 3 Likes Like |Link to Comment
  • Buffett wins again; Street gives no credit [View news story]
    Bailout? Berkshire? I can't believe people are still spewing this nonsense 7 years later.
    Jul 25, 2015. 04:16 PM | 7 Likes Like |Link to Comment
  • Buffett wins again; Street gives no credit [View news story]
    Don't forget Tom Gayner at Markel. Solidly profitable insurance business, small but growing Markel Ventures, and a great investment manager like Gayner make MKL one of the best long term investments going. Long both MKL and BRK-B.
    Jul 25, 2015. 04:14 PM | 4 Likes Like |Link to Comment
  • Sell-side scratches head over BofA management shakeup [View news story]
    Interesting. I was not aware that he still lived in Boston. He must have a place in Charlotte too. He can certainly afford one.
    Jul 23, 2015. 06:59 PM | 2 Likes Like |Link to Comment
  • Starbucks hiking prices for coffee, other drinks [View news story]
    Jackooo, I can think of three letters that should replace those three Os. :)
    Jul 9, 2015. 09:48 PM | Likes Like |Link to Comment
  • NYSE: Halt due to technical issue, not cyber breach [View news story]
    Yup, time to bury the mason jars in the garden, lol.
    Jul 8, 2015. 01:41 PM | Likes Like |Link to Comment
  • Starbucks hiking prices for coffee, other drinks [View news story]
    Yep, the one thing you can always count on is that there are millions of idiots willing to overspend for something they consider to be a trendy status symbol. I love SBUX as an investment, but I don't like their coffee, and wouldn't over pay for it even if I did. DNKN works for me coffee wise.
    Jul 6, 2015. 09:05 PM | 4 Likes Like |Link to Comment
  • Heinz completes Kraft purchase, Buffett joins board [View news story]
    The new Kraft Heinz Co will be a true powerhouse food company moving forward, especially if 3G and Berkshire continue to use it as an acquisition vehicle. Aggressive cost cutting at Kraft, taking advantage of Heinz international distribution system, and future strategic acquisitions should lead to growth and improved top and bottom lines.

    It would appear that they're planning the same with QSR. First BK, then Tim Hortons, who next? Bring them into the fold, lean 'em and clean 'em up, repeat.

    Is anyone else seeing a pattern? Perhaps BUD & Pepsi next?
    Jul 3, 2015. 08:11 PM | 5 Likes Like |Link to Comment