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  • Wall Street Breakfast: Must-Know News [View article]
    Evidently, subprime auto lending has been going great guns....wonder how long that will last?
    Sep 5, 2013. 08:26 AM | 6 Likes Like |Link to Comment
  • Opportunities in Foreign Debt [View article]
    Fwiw, I've been scaling back on my GIM position over the last 8 months, or so. Still holding TEI, but consider it oversold, atm.
    Aug 27, 2013. 04:14 PM | 1 Like Like |Link to Comment
  • Egypt oil and gas output unaffected so far by escalating violence [View news story]
    I'm in agreement with those saying/thinking that the effect the affairs in Egypt are having on oil pricing has less to do with Egypt's output (given that its relatively small), than it does with fears that unrest may spread through the entire region.
    Aug 15, 2013. 05:35 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: Time For A Vacation Snooze? [View article]

    Regarding the earnings beat rate, I've seen numbers notably lower (believe Zack's showed something in the range of 66%).

    Also, does it effect your call if the beat is on the basis of lowered expectation?
    Aug 4, 2013. 02:50 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Obama remarks don't look good for Keystone."

    Now, THERE'S a big surprise. His past, somewhat tepidly supportive remarks, turn out to have been political posturing.
    Jul 29, 2013. 08:07 AM | 15 Likes Like |Link to Comment
  • Gazprom: A Cheap Russian Natural Gas Producer Yielding 5.1% [View article]
    Given the generally inefficient state of Russia's energy sector, I wonder how effective Gazprom will be in increasing/maintaining production.

    On the revenue side, their largest market has been Europe, where their customers are balking at Gazprom's pricing structure (based off of oil prices, rather than the MUCH lower NG prices). That doesn't bode well, either.
    Jul 13, 2013. 06:17 PM | Likes Like |Link to Comment
  • America's Median Wealth Is Surprisingly Low [View article]
    I'd think that the price of housing has a perhaps outsized effect on the percentages mentioned.
    Jul 7, 2013. 03:39 PM | Likes Like |Link to Comment
  • Putting Thursday's Market Action Into Perspective [View article]
    I'd take much more comfort from the chart provided if I had a 60 year timeline to be working with....
    Jun 24, 2013. 07:32 PM | Likes Like |Link to Comment
  • Canada hikes the liability cap for oil spills in Atlantic and Arctic waters to C$1B, up from the respective $30M and $40M limits under existing rules. The changes deal only with offshore activity, which is poised to accelerate as companies begin assessing prospective new fields on the East and Arctic coasts. [View news story]

    Isn't there a tree somewhere that needs some hugging?
    Jun 18, 2013. 09:34 PM | 2 Likes Like |Link to Comment
  • Gold miners (GDX +1%) turn positive as gold climbs past $1,390/oz.: ABX +0.9%, GG +1.1%, NEM +1.2%, IAG +2.1%, GFI +1.3%, AUY +2.4%, NGD +1.3%. The link between gold miners and gold has been strong lately: The 24-day correlation between the spot price of gold and GDX has remained above 90% for five days, the longest such streak since July 2012. [View news story]
    "Most if not all of the mined gold to date was not native to the planet earth."

    So where did it come from, PhilosopherStone? Meteorites? ..... Alien spacecraft?
    Jun 12, 2013. 05:13 PM | 1 Like Like |Link to Comment
  • Renewed selling also hits equity REITs, with the Vanguard REIT ETF (VNQ -1.3%) just holding onto gains YTD; the iShares Real Estate ETF (IYR -1.4%). Among individual stocks, Realty Income (O -1.6%) is off 22% in 3 weeks; Senior Housing (SNH -2.3%), Digital Realty (DLR -4%) American Capital Realty (ARCP -2.1%), Omega Healthcare (OHI -1.7%). Among the best performers is HCP, Inc. (HCP -0.9%). [View news story]
    At current levels, I wouldn't call O "cheap", but at least it has fallen to "reasonable".
    Jun 12, 2013. 04:46 PM | Likes Like |Link to Comment
  • Low interest rates have helped MLPs raise capital at a reasonable cost, enabling returns well above their cost of capital and supporting cash distribution growth, but Simmons analysts say investor interest should remain strong even as rates rise - though due diligence will be more important than ever. Darren Schuringa says it's crucial to measure an MLP’s coverage ratio rather than the actual money it pays out. [View news story]
    Coverage ratio has always been an important metric, when looking at dividend/distribution securities.
    May 29, 2013. 09:35 PM | Likes Like |Link to Comment
  • Big U.S. Banks: I Say, Let 'Em Crash [View article]

    While I agree with your suggestion, philosophically speaking, if you think that Brown-Vitter's unlikely to pass, I fear your idea would be DOA.

    When legislation is solely focused on banks, you've only got one batch of lobbyists fighting it. With your plan, there would likely be a coalition. Recall that GM, Chrysler, GE, etc. also benefited from government/taxpayer rescues.
    May 28, 2013. 06:18 PM | Likes Like |Link to Comment
  • Cramer's 'Best Of Breed' Energy MLP Plays [View article]
    Perhaps I'm unduly skeptical, but because I don't care for Cramer, any stock that he may tout starts out with 2 strikes against it, in my book.
    May 20, 2013. 07:08 PM | 1 Like Like |Link to Comment
  • Why Portfolio Managers Will Never Beat Warren Buffett Or Berkshire, But Are Happy Trying [View article]
    While I generally agree with the article, there are other factors likely to contribute to underperformance by a mutual fund, compared to either Buffett, or an individual investor. The individual investor can hold both utility stocks, as well as medical/healthcare stocks, as an example, if he/she's of the opinion those will outperform. A PM running a technology fund would be precluded from owning either by the fund's mandate. The same is true of holding large amounts of cash, even if the PM might think that's the best course of action at a given point in time.
    May 4, 2013. 01:21 PM | 2 Likes Like |Link to Comment