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  • How to Profit From the Fed's Bank Dividend Decisions [View article]
    Dr Roberts, you are right, there are a lot of different ways to approach this. I like to write about the TARP warrants because there are surprisingly still a lot of investors that don't know about them. As 7 year plus warrants, they are also historically unique investment opportunities.

    I have brokerage accounts with multiple brokers and you would be surprised by the differences in margin rates. For example, Ameritrade uses a base rate of 7.75% (hasn't changed since 2008). If you have more than $1,000,000, your margin rate drops by 1.5%. If you have less than $10,000, your margin rate increases by 1.25%.

    Thanks for the comments. Keep them coming!
    Mar 18 11:56 AM | 1 Like Like |Link to Comment
  • How to Profit From the Fed's Bank Dividend Decisions [View article]
    You can type BAC-WTA or BAC-WTB into yahoo finance to get a quote.
    Mar 18 11:49 AM | Likes Like |Link to Comment
  • Ray Dialo of Bridgewater Associates Speaks; Investors Should Listen [View article]
    The CIA is a nice source of data.

    Data360.org is a nice site for domestic data.

    www.cia.gov/library/pu...
    Mar 17 04:34 PM | Likes Like |Link to Comment
  • 9 Strong Stocks Bucking the Trend in a Weak Market [View article]
    Thanks. What's the investment thesis on PVR? Why do they pay such a high dividend when they have so much debt and continue to raise funds on the debt and equity markets?
    Mar 17 12:03 PM | Likes Like |Link to Comment
  • Investing in AIG at a Discount: Upside Value in a Beaten Down Stock [View article]
    What is your outlook for AIG? Are you net long the warrants or did you hedge your position?
    Mar 15 02:59 PM | Likes Like |Link to Comment
  • AIG Warrants Still Trade Cheap vs. Peers [View article]
    You are absolutely correct. Thanks for the comment.
    Mar 14 02:05 PM | Likes Like |Link to Comment
  • 5 Cheap, Well-Known Stocks That Buffett Wouldn't Buy: Should You? [View article]
    That's okay. You left some money on the table, but there's the intellectual benefit of knowing that for a moment in time, you and Buffett were thinking the same way.
    Mar 14 02:03 PM | 1 Like Like |Link to Comment
  • Investing in AIG at a Discount: Upside Value in a Beaten Down Stock [View article]
    You are correct. The warrants don't pay a dividend. Those dividend amounts are the annual dividend threshold amounts past which would lead to a decrease in the exercise price.
    Mar 13 02:24 PM | Likes Like |Link to Comment
  • Investors Need to Be Very Cautious About 'Cheap' AIG [View article]
    Anger over the government's treatment of AIG and the rest of the big financial players during the crisis is justified, but I don't think it's useful AT ALL to investors now. Leave the critical analysis to financial historians.

    Analysts are projecting $10 to $15 billion of insured losses in Japan. While AIG is probably one of the top 3 foreign insurers in Japan, it's not clear how big their net losses will be.

    You may be justified in your bearishness of AIG, but you probably don't want to cite management ownership. They've been generally bullish post reorganization.
    Mar 12 06:23 PM | Likes Like |Link to Comment
  • TARP Warrants: Hidden Value Among the Mega-Banks [View article]
    Thanks for showing your work!
    Mar 12 06:02 PM | 1 Like Like |Link to Comment
  • TARP Warrants: Hidden Value Among the Mega-Banks [View article]
    What's your estimate for fair value?

    I think the BAC CEO predicted normalized PRE-TAX INCOME would be $30 to $40 billion.
    Mar 12 06:01 PM | 1 Like Like |Link to Comment
  • Investors Need to Be Very Cautious About 'Cheap' AIG [View article]
    To a man with a hammer, every problem seems like a nail. To a man who is bearish of AIG, I guess every headline seems bearish. =)

    "They have millions of shares of government stock to sell at the best price possible. Best to delay bad news as long as possible." - Of course every company wants a strong stock price. This is especially true for finance companies because their leverage makes them subject to reflexivity. But within reason, AIG probably is not too concerned about where the government's stock is priced since it's the government's stock and not a company share issuance.
    Mar 11 05:49 PM | Likes Like |Link to Comment
  • TARP Warrants: Hidden Value Among the Mega-Banks [View article]
    Interesting. Can you throw some specific numbers at me to give me a better idea of your thesis?
    Mar 11 04:38 PM | 1 Like Like |Link to Comment
  • Aeropostale Drops: Restrained Outlook Scares Investors, Creates Opportunity [View article]
    Of course, there is also the correcting hand of capitalism. Presumably, cotton supply will increase after about cotton prices doubled in the last few months.
    Mar 11 04:01 PM | Likes Like |Link to Comment
  • Aeropostale Drops: Restrained Outlook Scares Investors, Creates Opportunity [View article]

    Check out the thirty year graph of cotton!

    www.indexmundi.com/com...
    Mar 11 03:59 PM | Likes Like |Link to Comment
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