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Stephen Rosenman  

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  • The Missing Force In The Financial Industry [View article]
    Micro,
    Click on numerous in the article to reach the bill info.
    May 27, 2015. 10:01 AM | 1 Like Like |Link to Comment
  • Rising Interest Rates: Bear On Banks [View article]
    Actually, BOFI is well-positioned for a rise in interest rates.

    Per its last conference call:

    "At March 31, 2015, a hypothetical 200 basis point rate increase will result in an increase in net interest income of 3.22% over the first 12 months, a significant improvement over the calculation at December 31, 2014, which produced a 1.4% increase in net interest income for the first year."
    May 17, 2015. 04:03 PM | Likes Like |Link to Comment
  • The Rarest Of Them All: A Mid Single Digit Percentage Year [View article]
    The DJIA has risen 5% to 10% in 4 out of the last 8 years. Perhaps a case of recent bias on the part of forecasters or simply the new normal?
    May 17, 2015. 03:01 PM | Likes Like |Link to Comment
  • Is There A Dividend Bubble: Kinder Morgan Edition [View article]
    KMI has reduced cost of capital and cost structure and stepped-up depreciation through its restructuring which will be fiscally advantageous. In effect, it is delivering distributions through a C corp rather than MLP model.

    This is a cash flow story - and not an earnings one. As such, author would be better served looking at fundamentals as distributable earnings. For instance, if one calculates ROI as DCF/Investment, one gets 11.5% (likely to rise with new structure.)

    Kinder pioneered the MLP pipeline model. When that proved cumbersome with GP, LP, and IDRs, he essentially created a simpler and more cost effective plan. KMI should deliver increasing dividends safely for investors as KMP delivered rising distributions.
    May 14, 2015. 10:56 AM | 6 Likes Like |Link to Comment
  • The Undisclosed Lawsuit That BofI Holding And H&R Block Shareholders Should Know About [View article]
    BOFI noticed in its most recent conference call that the plaintiff walked away and no money was paid. In short, the article is much ado about nothing.
    May 1, 2015. 02:47 PM | 2 Likes Like |Link to Comment
  • Blue Hills Bancorp: This Unknown Bank Is A Great Takeout Target [View article]
    I have never seen the rule bent anywhere in the U.S.
    Apr 28, 2015. 10:54 AM | 1 Like Like |Link to Comment
  • Blue Hills Bancorp: This Unknown Bank Is A Great Takeout Target [View article]
    By law, Blue Hills cannot be acquired for another 3 years.
    Apr 28, 2015. 10:09 AM | Likes Like |Link to Comment
  • Procter & Gamble's Buyback Should Be Renamed 'Employee Compensation' [View article]
    Deep dive?l More like takes 30 seconds.

    The 10K is pretty clear. Has been $300 to $400 million for years.
    Apr 16, 2015. 08:24 PM | 2 Likes Like |Link to Comment
  • Procter & Gamble's Buyback Should Be Renamed 'Employee Compensation' [View article]
    True. A bit high but not excessive considering luring back A.G.

    Do look at share compensation at Morningstar.com and you will see the article is completely WRONG!!!

    Total share based compensation is $300 million, not $3 billion.

    Who checked this guy's facts?!!!!!!!!!!!!
    Apr 16, 2015. 06:36 PM | 5 Likes Like |Link to Comment
  • Procter & Gamble's Buyback Should Be Renamed 'Employee Compensation' [View article]
    According to the 10K, PG has given an average of $360 million in share-based compensation each year for the last 3 years. Same over the last 5 years according to Morningstar.com. Not unreasonable for a company this size. Where did you get $3 or $4 billion?????

    Would you please retract the article?
    Apr 16, 2015. 05:58 PM | 3 Likes Like |Link to Comment
  • Bank Of The Ozarks: Superior Management Delivers Superior Growth [View article]
    Superior management once again delivered another strong performance. Organic loan growth was a staggering 57%.

    Responding to a question as to whether the bank's growth can continue at this level, Ozarks' CEO forecast Q2 and Q3 will be even stronger.
    Apr 14, 2015. 08:26 PM | 1 Like Like |Link to Comment
  • Procter & Gamble: A Buy Before It Announces The Divestiture Of Its Beauty Brands Business [View article]
    According to Lafley and Moeller, 70 to 80 brands generate 95% of the company's profits. Management aims at divesting the other 100 brands. Regardless of why the 100 underperform, the divestment should greatly simplify Procter's structure and improve focus, margins, growth, and profits. Per management, the 100 brands on average have only half the operating margins of the 70 to 80 Procter plans on keeping.
    Seems like a very smart plan to rationalize the brands Procter carries.
    Apr 12, 2015. 08:07 PM | 1 Like Like |Link to Comment
  • Procter & Gamble: A Buy Before It Announces The Divestiture Of Its Beauty Brands Business [View article]
    EJ,

    Lafley increased net margins from 9% (1997 to 1999 - Pepper) to 11-14% (2003 to 2007) and nearly tripled EPS from 1997 to 2007. The dividend went from 45 cents to $1.28 (1997 to 2007). Truly a great achievement.

    I wouldn't sell Lafley short.
    Apr 12, 2015. 03:11 PM | Likes Like |Link to Comment
  • Procter & Gamble: A Buy Before It Announces The Divestiture Of Its Beauty Brands Business [View article]
    smarterfaster,

    WSI's piece and numbers come from Bloomberg report:

    http://bloom.bg/1FC3X4O
    Apr 12, 2015. 12:49 PM | 1 Like Like |Link to Comment
  • Finger Lickin' Value Down At Sanderson Farms [View article]
    Exactly - and should protect them the next time around.
    Mar 31, 2015. 11:54 AM | 1 Like Like |Link to Comment
COMMENTS STATS
682 Comments
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