Seeking Alpha

Larry Meyers

 
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  • Imax Has a Collapse in Its Future [View article]
    "2016, if the stock is at zero you win."

    You need a new calendar, bro. ;-)
    Mar 31 05:00 PM | Likes Like |Link to Comment
  • Yield Kidnapped By The Fed? Why It Happened, And Today's Best Income Investments [View article]
    I don't think so and here's why --

    There's a reason BDCs are lending to these businesses -- because they can't get bank loans. They are filling a void. Perhaps some of the banks, eager to lend, will branch out a bit and lend to a few of these businesses.

    But banks are so terrified to even make loans, I don't see it happening.
    Jan 22 04:24 PM | Likes Like |Link to Comment
  • Yield Kidnapped By The Fed? Why It Happened, And Today's Best Income Investments [View article]
    Great analysis.
    Jan 22 04:22 PM | Likes Like |Link to Comment
  • EZCorp: Very Cheap, But Read The Fine Print First [View article]
    Igor, I'm telling you -- you are wrong. If you want to ignore one of the nation's experts in consumer short-term credit, that's your choice but it undermines your own credibility.

    The 36% APR rate cap FOR MILITARY had already been in existence -- your linked article itself reminds us of this. The only thing the amendment to the Defense Authorization Act did was to extend this rate cap to open end lines of credit, which payday lenders never even offered to military because they lose money.

    This was an act of CONGRESS, not the CFPB. I repeat, the CFPB does NOT have rate setting authority. It's in the legislation that created it. Look it up, please.

    And in case you hadn't noticed, the Democrats controlled both houses of Congress from 2008-2010. No legislation was introduced then. Nor will it be introduced now. The reason for the military rate cap was because it was the military -- politicians look good when they do things that protect the military. The payday industry didn't bother fighting that legislation because military made up 3% of loans.

    Further, Sen. Tim Johnson has seen the value of the payday loans for many years, and chairs the finance committee. No legislation limiting rates for the average consumer will make it past him.

    Please do your research. I am always available to offer guidance and information as authors write their articles on payday.
    Jan 22 11:21 AM | 1 Like Like |Link to Comment
  • EZCorp: Very Cheap, But Read The Fine Print First [View article]
    Igor, you have your facts wrong.

    First, you said "legislative threats". That means actions by Congress, writing laws that could threaten the industry. No such laws are coming.

    What you mean are "regulatory threats". The CFPB specifically does NOT have the power to regulate or change rates. It is specifically indicated as such in the Dodd-Frank legislation that created the CFPB.

    Thus far, the CFPB has not said they have any intention to attack the payday industry. Cordray has indicated he wants transparency to consumers, which the industry has always provided.
    Jan 20 02:47 PM | Likes Like |Link to Comment
  • EZCorp: Very Cheap, But Read The Fine Print First [View article]
    Careful, Igor.

    There is no legislative threat to payday at the federal level.
    None. Zip. Zero.

    Rgarga, AEA was taken private early last year.
    Jan 20 03:56 AM | Likes Like |Link to Comment
  • Yield Kidnapped By The Fed? Why It Happened, And Today's Best Income Investments [View article]
    You always have to be careful with LPs because of the tax issues. I've been burned on those.
    Jan 19 02:37 AM | Likes Like |Link to Comment
  • Yield Kidnapped By The Fed? Why It Happened, And Today's Best Income Investments [View article]
    Coffee,
    This other article shows very clearly the deleveraging that's going on.

    http://bit.ly/WNMRoK

    The rest of your suppositions are reasonable, but they are not mutually exclusive with the present situation I wrote about.
    Jan 19 02:37 AM | Likes Like |Link to Comment
  • Yield Kidnapped By The Fed? Why It Happened, And Today's Best Income Investments [View article]
    Thanks, Joe.
    Jan 18 05:53 AM | Likes Like |Link to Comment
  • Education Management Co.: A Smart Buy [View article]
    THanks for your note. My position on this stock changed shortly after this article.
    Jan 11 12:36 AM | Likes Like |Link to Comment
  • 3 Must-Buy Dow Stocks For 2013 [View article]
    If these were the only 3 stocks you purchased, yes.

    Do you know anyone who only has 3 Dow stocks as their entire portfolio?

    But I would love it if you went back to all my articles over 2012 and calculated my returns.

    And while you're at it, you can check the market beating returns for this article:

    http://seekingalpha.co...

    I believe that's around 20%...not including dividends.
    Jan 7 04:08 PM | Likes Like |Link to Comment
  • 3 Must-Buy Fixed Income Stocks For 2013 [View article]
    Ah, that's for that, jemerch.
    Jan 7 04:07 PM | Likes Like |Link to Comment
  • 3 Must-Buy Fixed Income Stocks For 2013 [View article]
    It isn't bold. AT&T's divvy isn't going anywhere.
    Jan 6 08:17 PM | Likes Like |Link to Comment
  • 3 Must-Buy Fixed Income Stocks For 2013 [View article]
    Berloe, there will be no increase in interest rates for years and years. The Fed is committed to pumping money into the system via QE. Further, the callable date is 3 years from now. You could easily hold this stock for 2 years before even worrying about it.
    Jan 5 06:41 PM | Likes Like |Link to Comment
  • 3 Must-Buy Dow Stocks For 2013 [View article]
    thank you for the compliment!
    Jan 5 03:49 AM | 1 Like Like |Link to Comment
COMMENTS STATS
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