Seeking Alpha

The Keating Letter

View as an RSS Feed
View The Keating Letter's Comments BY TICKER:
Latest  |  Highest rated
  • David Sokol's Departure Was Not Unexpected [View article]
    Fair enough. And, I love the pithiness of that answer!
    Apr 1 11:34 AM | Likes Like |Link to Comment
  • David Sokol's Departure Was Not Unexpected [View article]
    Really? I don't think his timing on leaving had anything to do with the Lubrizol purchase. In his CNBC interview he appeared genuinely surprised that the whole focus of the interview was on the transaction. That's why he seemed unprepared.

    Let me ask you this, did Munger front run with his BYD purchase and then suggestion to Buffett to buy it?
    Apr 1 11:10 AM | 1 Like Like |Link to Comment
  • David Sokol's Departure Was Not Unexpected [View article]
    Hey Charles- there are dozens of articles out there about the frontrunning. If that's what you'd like to read about, you can easily get your fix. I don't have anything to add to that aspect of the story.
    Apr 1 10:46 AM | Likes Like |Link to Comment
  • What David Sokol did was "front-running, and everybody knows that it is wrong," Alice Schroder writes. "When Sokol pitched the deal to Buffett (BRK.A), he was holding stock in Lubrizol (LZ) that had the equivalent of free lottery tickets attached... Instead of condemning Sokol, Buffett gave him a pat on the back on the way out... It’s too bad that Buffett missed an opportunity to show moral courage."  [View news story]
    Was it frontrunning for Munger to own BYD shares and then talk up the company to Buffett? Is that situation different because Berkshire didn't buy the entire company (although he wanted to)?
    Apr 1 10:27 AM | 2 Likes Like |Link to Comment
  • Insider Buying: 4 Stocks With Recent CFO Purchases [View article]
    Thanks RiskManager. It doesn't hurt to have a quick place to look for ideas. I think this list as as good as any.

    Eye Forget- It depends on the company. For example, INWK's CFO makes $350,000/yr. He just spent $54,000. That's not inconsequential. Not every CFO is making millions of dollars per year. In fact, the vast majority are not.
    Mar 28 12:33 PM | Likes Like |Link to Comment
  • "Jobs now, deficits later" is the way to lift the economy, Paul Krugman writes, but it's not what the "serious" people in D.C. pursue: "Self-styled deficit hawks want to punish the unemployed even as they oppose any action that would address our long-run budget problems. And here’s what we know from experience abroad: The confidence fairy won’t save us from the consequences of our folly."  [View news story]
    Give me a break, Moose. The biggest problem for poor people is obesity, not hunger. Your compassion is noble, but misplaced. People who have been in my situation, growing up poor, know that nobody benefits from incentivizing laziness. Food stamps, Sec. 8, extended unemployment benefits, etc. destroy your work ethic. These programs don't help the poor. They hurt them.
    Mar 25 07:03 PM | 7 Likes Like |Link to Comment
  • "Jobs now, deficits later" is the way to lift the economy, Paul Krugman writes, but it's not what the "serious" people in D.C. pursue: "Self-styled deficit hawks want to punish the unemployed even as they oppose any action that would address our long-run budget problems. And here’s what we know from experience abroad: The confidence fairy won’t save us from the consequences of our folly."  [View news story]
    Sorry, but when you can get a hamburger at McDonald's for $1, no one is starving to death in this country. Krugman's policies would leave 10% of America paying for the other 90%. It's not an idealogical disagreement, it's simply applying logic to human nature.
    Mar 25 06:00 PM | 7 Likes Like |Link to Comment
  • "Jobs now, deficits later" is the way to lift the economy, Paul Krugman writes, but it's not what the "serious" people in D.C. pursue: "Self-styled deficit hawks want to punish the unemployed even as they oppose any action that would address our long-run budget problems. And here’s what we know from experience abroad: The confidence fairy won’t save us from the consequences of our folly."  [View news story]
    How does paying the unemployed encourage them to get a job? He's a parody of a parody of himself at this point.
    Mar 25 05:17 PM | 10 Likes Like |Link to Comment
  • Insider Buying: 4 Stocks With Recent CFO Purchases [View article]
    See footnote 1 here: www.secform4.com/filin...
    Mar 25 12:34 PM | Likes Like |Link to Comment
  • 8 Stocks With Recent Open Market CEO Buys of at Least $200,000 [View article]
    Potentially fraudulent Chinese company? I don't believe it! You guys must have missed all of the positive articles about CCME over the past month. That type of stuff just doesn't happen in China. DEER has a dividend, support by Global Hunter, large insider ownership, and high margins... Just like CCME. D'oh! :)

    I should add a sarcasm disclaimer to anyone who didn't get it.

    BTW- Enjoyed your article, Alfred.
    Mar 19 08:04 AM | 1 Like Like |Link to Comment
  • 8 Stocks With Recent Open Market CEO Buys of at Least $200,000 [View article]
    That's why I put a link to the negative article written about them. I highlighted every CEO purchase over $200,000 over the last week, so I couldn't arbitrarily leave them out.
    Mar 18 01:49 PM | Likes Like |Link to Comment
  • Insider Buying: 6 Stocks With CFO Buys of Over $50,000 This Week [View article]
    These are all open market purchases, not the exercising of options. I agree with you guys. It's only bullish if the insiders pay market value for the shares. No sweet deals.
    Mar 10 10:44 AM | Likes Like |Link to Comment
  • BKS – Buying Opportunity in Barnes & Noble [View instapost]
    I agree with you on BKS and the Nook, but why would AT&T sell it in their stores? The color Nook is wi-fi only.
    Mar 6 10:16 AM | Likes Like |Link to Comment
  • Three 52 Week Low Bank Stocks With Insider Buying Over the Last Week [View article]
    I should have been more clear- Those are the market cap figures for each bank.
    Mar 1 03:03 PM | Likes Like |Link to Comment
  • Lorillard, R.J. Reynolds Lawsuit to Block FDA Menthol Report Is Act of Panic [View article]
    If it was an act of panic, Lorillard wouldn't have increased their dividend two weeks ago.
    Feb 28 03:48 PM | Likes Like |Link to Comment
COMMENTS STATS
162 Comments
185 Likes