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  • Recent Buy: Bank Of Nova Scotia [View article]
    @ Bingy: BNS and TD are equally well represented in Canada. So the choice is really between their US business (TD) vs. their South American business (BNS). Given the rising US dollar vs. the falling South American currencies, I think I would prefer TD at this stage.
    Apr 17, 2015. 08:31 AM | 2 Likes Like |Link to Comment
  • Royal Bank Of Canada Is Still A Sell [View article]
    As you say, "buying a short of RY at this juncture was a foolish decision". Better luck elsewhere.
    Apr 16, 2015. 05:50 PM | 1 Like Like |Link to Comment
  • Kinder Morgan eyes more acquisitions, CEO says [View news story]
    Abandoned or postponed major construction projects by KMI and other oil operators will no doubt affect the construction industry far more than the oil industry. Not spending money doesn't hurt as much as not receiving money.
    Apr 16, 2015. 11:25 AM | 2 Likes Like |Link to Comment
  • AbbVie: Great Growth, Great Value, And A 3.3% Dividend [View article]
    EPS 2012 $ 3.34
    EPS 2013 $ 2.57
    EPS 2014 $ 1.10

    I do not call that "great growth".
    Apr 14, 2015. 03:22 PM | 1 Like Like |Link to Comment
  • The Demise Of The Electric Utility Or Are Regulators Kicking Solar To The Curb? [View article]
    A brave man to make predictions for 2026. As for me, I am not even sure about tomorrow morning.
    Apr 14, 2015. 01:41 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: The Start Of An 'Earnings Recession'? [View article]
    My own observations over a number of decades confirmed that there are quite a few years when selling in May and going away is NOT such a good idea. Indeed, the predicted correction did not materialize. This week the emphasis of the "market" will be on earnings, and if those should be ok, then the shorts can still pin their hopes on poor outlook. But my own prediction is that we'll just keep muddling along for a while like Goldilocks -- not too hot, not too cold, and the shorts are just going to hate it.

    In the years when gas prices at the pump kept rising and rising, all the experts were quick to point out that this was inflationary. Well, they are falling now, so what do you expect? Everybody benefits by the reduced costs: planes, cars, trucks, buses, and trains.
    Apr 12, 2015. 12:37 PM | 1 Like Like |Link to Comment
  • Barron's on GE: Sell the news [View news story]
    The market moved on the mere promise of a buyback that may never happen. If Immelt buys all those companies he intends to buy, and if he pays the 13 billion owing for the pending Alstom deal, there won't be too much left of the proceeds from the proposed sale of GE Capital. There is far to much proposed, pending, and promised here.
    Apr 11, 2015. 03:33 PM | 3 Likes Like |Link to Comment
  • GE's move away from finance sets up industrial deals, Immelt says [View news story]
    Divesting GE Financial is a good idea, but Immelt has yet to pay for all these planned new acquisitions including the still pending $ 13B Alstom purchase. So there would go the buyback. But since the market has already adjusted in advance to this not actually executed buyback, GE is now overvalued.
    Apr 11, 2015. 08:09 AM | Likes Like |Link to Comment
  • Stalled pipeline projects threaten Canada’s economic future, banker warns [View news story]
    Perhaps the situation is not quite as drastic as the BNS banker let it appear to impress his audience. Canadian oil actually reaches all three coasts via pipelines, and it also reaches all three coasts via rail. The new ENB pipeline now brings Alberta oil to the Atlantic, the Trans Mountain Pipeline (purchased by KMI in 2014) has brought oil to the Pacific since 1953, and three more pipelines (ENB, SE, TRP) now bring Canadian oil to the US and the Gulf Coast, even if the Keystone shortcut should never get built. And the Canadian National Railroad (NYSE:CNI, TSE:CNR) is the only North Amerian rail line that can carry oil to all three coasts on its own tracks. Further expansions are of course desirable but during the present oil glut hardly a priority.
    Apr 9, 2015. 07:48 PM | 3 Likes Like |Link to Comment
  • ModernGraham Quarterly Valuation Of Valero Energy [View article]
    It is true that the "market" is not applying much earnings growth. But cheap oil may make a difference to Valero's spread. In fact I expect an excellent quarterly report on April 28.
    Apr 8, 2015. 09:17 PM | 2 Likes Like |Link to Comment
  • Why Potash And Verizon Are Not Dividend Machines [View article]
    Verizon had rising annual revenues and earnings.
    Potash had falling annual revenues and earnings.
    Apr 7, 2015. 07:39 AM | Likes Like |Link to Comment
  • Reasons To Consider Baxter International For Your Dividend Growth Portfolio [View article]
    BAX had higher annual revenues for the last five years, yet lower annual earnings every year, and despite that a higher annual payout. Isn't there something seriously wrong with this picture?
    Apr 6, 2015. 08:50 AM | Likes Like |Link to Comment
  • Our Best Performing Q1 2015 Stock - Novo Nordisk [View article]
    Stocks ftlr:
    I tend to agree with you. NVO has an absurd P/E of 37. Compare that to MRK (24) and Pfizer (24).
    Apr 5, 2015. 02:04 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: Correction Looming? [View article]
    A correction only one week before the beginning of the earnings season?
    I think not. "Sell in April and go away" simply would not rhyme.
    Apr 5, 2015. 01:12 PM | 2 Likes Like |Link to Comment
  • Railroad Companies Have Been Losing Alpha Returns Over The Years [View article]
    It may be worthwhile comparing the above with the performance of Canadian National Railway (NYSE:CNI; TSE:CNR) which owns Illinois Central, thus being the only US railroad connecting all three oceans.
    Apr 5, 2015. 01:05 PM | 3 Likes Like |Link to Comment