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Mark W. Bertolin  

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  • Kinder Morgan: Don't Be Fooled By The Smoke And Mirrors Routine [View article]
    Although the paper loss is a bummer we continue to build share count through the dividend and selling puts into the low $20s to further increase our position. It will be a long haul but we see a profitable future for the business.
    Nov 19, 2015. 11:15 AM | 1 Like Like |Link to Comment
  • GoPro Reaches A Critical Junction [View article]
    First of all thank you for continuing your excellent work. I appreciate your level headed approach. We are long GPRO and continue with a long range bullish thesis. We are continuing to purchase shares using naked puts as the price declines. We expect 2016 to be the claw back year and are looking to 2017 for share recovery. The product is well differentiated and a solid performer. International is anticipated to be the bulk of the upside with the present product line. We also anticipate GPRO to become more of a mainstream brand targeting the second camera position in families enjoying photography from their phones as the primary camera. We see this as the long range driver for sales increases since GPRO offers a unique photography experience that marries well with the mobile phone snapshot trend.
    Nov 17, 2015. 01:28 PM | 1 Like Like |Link to Comment
  • Linn Energy - Buy The Bear Market, Sell The Bull Market? [View article]
    Currently we feel that LINE has a high probability of survival and appears to manage the current environment better than others. We are using naked puts to replicate a dividend until it recovers at which time we will narrow the strike price and use a naked put ladder to scale into a long position.
    Nov 10, 2015. 11:02 AM | 1 Like Like |Link to Comment
  • Time To Eat Your Apple Pie [View article]
    With 158 comments he is making money on SA. I'm glad for him because he won't make any AAPL money with his thesis.
    Dec 16, 2014. 07:28 PM | 1 Like Like |Link to Comment
  • Terra Nitrogen: Paying Less For Dividend Income [View article]
    This is not investment advise. I have held the TNH position. Our thesis is that it will further decline as the dividend drops. This is due primarily to China dumping cheap fertilizer into the USA market making the sale of nitrates less profitable. A positive is the decline in natural gas pricing.

    If shares are under basis recommend a sell. If close to basis harvest a loss if that is a component of a tax reduction strategy. If over basis hold,collect the dividend and wait. We don't see danger of liquidation and CF is in ok financial condition. Painful but when China destabilizes an industry it takes years to recover. This exact process occurred with steel. We are anticipating a similar result. 3-5 year resolution in profits and dividends to follow. Our model does not forecast a return to the mean but we feel it is an eight to ten year cycle. with prices this low we have all dividends reinvested.
    Dec 9, 2014. 11:28 AM | 2 Likes Like |Link to Comment
  • Is Amazon A Sell Into Earnings? [View article]
    I'm looking for a 10% drop with a miss on earnings but acceptable guidance and am positioned for such a move.
    Oct 23, 2014. 12:16 PM | 2 Likes Like |Link to Comment
  • ReWalk Robotics Ltd. IPO: Skeletons In The Closet [View article]
    Every portfolio needs a speculative component. Although the market is in its infancy this company has created significant buzz and with first in advantage might carve out a nice niche. Long term there will be other big Pharma players but their research,marketing and first approvals all combine for a risk high buy, but one that deserves a look. If it takes hold with third party payers it will explode. The veterans administration is a solid peek at how insurance carriers might see the market. Less lifetime expense due to increased patient health.
    Sep 19, 2014. 12:21 PM | Likes Like |Link to Comment
  • One Thing Is Odd [View article]
    No matter what you write your short position is very likely a losing tactic for Amazon. It's a different company with different goals. I enjoy your articles but more beating the negative drum doesn't help investment decisions. An article on mobile payment would be helpful. The big boys are headed there very quickly.
    Aug 19, 2014. 09:45 PM | 2 Likes Like |Link to Comment
  • The 'Come To Jesus' Earnings Report [View article]
    Sorry Paulo, I appreciate your evaluation but disagree with your conclusion. Amzn is now in the buy zone. Naked puts are the tool. Retail is a low margin world and building a moat as huge as amazon has makes competition less threatening. I'm betting that Amzn has plenty is room to move to increase profits and cash flow. They will be a dominant force for many years to come. Yes the valuation is silly but we are buying future market share dominance in many sectors. Sell puts, cover shares if assigned and redo until pricing reaches high points not supported by revenue expansion. There is a lot of money to be made trading amazon. Readers should focus more on making money for themselves and less on guessing the future of Amazon. Trade where there is opportunity.
    Jul 27, 2014. 06:31 PM | Likes Like |Link to Comment
  • Terra Nitrogen: Paying Less For Dividend Income [View article]
    Brendan,thanks for posting. I will do further research looking for changes in language. This does present a risk with prices at a low point. A greater risk for the long term investor with a higher basis. If anyone can locate the basis for the 75% partner shares please share as this would give investors good insight as to risk.
    May 25, 2014. 01:15 PM | 3 Likes Like |Link to Comment
  • Terra Nitrogen: Paying Less For Dividend Income [View article]
    We consider all the fundamental aspects of a business and key on competitive environment. With TNh the prospect of greater need for their products outweighed current challenges. The dividend is a key factor relative to price including the previous dividend cut.
    May 21, 2014. 10:22 AM | 4 Likes Like |Link to Comment
  • The North American Rare Earth Industry: Calm Before The Storm For U.S. Security Of Supply [View article]
    I was very hopeful for their water purification project. I guess I'll have to wait and see. Not selling anytime soon thanks for the comments.
    May 16, 2014. 11:39 AM | Likes Like |Link to Comment
  • The North American Rare Earth Industry: Calm Before The Storm For U.S. Security Of Supply [View article]
    So will mcp go broke or become the market leader and get back to $90 a share?
    May 15, 2014. 11:23 AM | Likes Like |Link to Comment
  • If You Can't Retire At 30, Then How About 38? [View article]
    I retired at 55 its not magic. Work, Save, Work, Save. Spend less then you make forever. Discover your passion for things in the markets and fuel your retirement with interesting investments that pay dividends. Its supposed to be fun. Go do what you want to do. Working in retirement is also in the "fun" category when you are doing what you want to do, when you want to do it. Do not believe what the media is telling you. Do it with your own math! Invest as early as you start working and never stop.
    Feb 19, 2014. 06:31 PM | 6 Likes Like |Link to Comment
  • Freeport-McMoRan: Hold While Digging For Dividends [View article]
    Another tactic to boost income while the market settles down, if that is ever the case, is to sell puts as an open order. Selling a put delivers the premium immediately and obligates you to buy shares if pricing matches your strike price. Currently March 22nd Put pricing for a strike at $30 is trading at $.81. This works as a dividend replacement strategy.
    Feb 4, 2014. 12:06 PM | 3 Likes Like |Link to Comment