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  • Goldman hits Phillips 66 with Sell rating, upgrades PBF Energy to Buy [View news story]
    I've held COP from before the spin off of PSX. I doubled down before the spin off and have continued to add to my position in both companies. COP has had the better dividend, but PSX has considerable outperformed on share price. COP has been hit much harder with the drop in cost of crude. However, PSX is viewed as a refiner my analysts, and fund managers. We know that PSX is more than a refiner in that is has midstream holdings and chemicals in its arsenal. However, refiners are a cyclical industry and at some point we will see a pull back. I will hold during that time frame and possibly add to my position.

    Over the next 5 years my guess is that COP will outperform PSX as the price of crude recovers. I don't believe that current costs will hold. We will see supply and demand balance out sooner vs later. That will be a positive for COP and a negative for PSX. I'll enjoy collecting the dividends every quarter.
    Nov 24, 2015. 01:51 PM | Likes Like |Link to Comment
  • Goldman hits Phillips 66 with Sell rating, upgrades PBF Energy to Buy [View news story]
    I don't get all the comments about PBF. I'm more interested in the PSX downgrade than the PBF upgrade to neutral.
    Nov 23, 2015. 03:05 PM | 1 Like Like |Link to Comment
  • Ford workers approve UAW labor contract [View news story]
    This is good news for all parties!
    Nov 21, 2015. 01:43 AM | 5 Likes Like |Link to Comment
  • Ford strikes deal with UAW [View news story]
    cb -- you sound like you work for the federal government. It shouldn't take 5-10 hours to compile a review. Why would it take a 3 page report? It should be fairly easy to know which line workers are performing up to par, which are performing beyond expectations, and which are below par. You're clueless if you believe that a manager could only do 2 reviews a day. The review should be focused. How has the worker met guidelines, has the worker caused problems with others, what could he do to improve?

    Performance reviews at Ford should not be any more complicated than reviews at Apple.

    How many managers to I think Ford must have? Enough to get the job done efficiently.
    Nov 11, 2015. 12:53 PM | 1 Like Like |Link to Comment
  • Ford strikes deal with UAW [View news story]
    It's a weak analogy grateful908. The terms of the debate was negotiated by debaters and the RNC. Everyone participating in the debate had the opportunity to provide input. It was a small group and they all had a say in the outcome. UAW represents thousands of workers. The debate negotiations are one and done. Union deals are longer term. Those are only some of the differences.

    Should each worker have a performance review? Why not, it happened every where I've worked from the time I worked at a gas station as a teenager. It doesn't take that much time and doesn't each individual deserve a performance review?
    Nov 10, 2015. 01:24 PM | 3 Likes Like |Link to Comment
  • Ford strikes deal with UAW [View news story]
    I live in San Jose, but grew up in a Joplin. San Jose should have a higher minimum wage than Joplin. In Joplin you could work as a waitress or bartender at a 4 star restaurant and afford to rent a house and even buy one. In San Jose with the same job you can rent a room for $1600. I have a friend that just moved into a new one bedroom luxury apartment for $4500/mo. It's absurd.

    The cost of living in the bay area has driven out lots of manufacturing jobs. The one automobile plant we have is occupied by Tesla. I haven't seen their pay scale, and I'm not sure if the body or the frame is produced at the plant. I do know that motor is lighter than the batteries.

    Back to my point. Minimum wage should be different in San Jose vs Joplin.
    Nov 10, 2015. 01:07 PM | Likes Like |Link to Comment
  • Ford strikes deal with UAW [View news story]
    I'm thinking about someone bussing tables at a restaurant, stocking shelves at Safeway, etc. Not so much about autoworkers, but from what I understand union auto workers are getting paid well beyond minimum wage. Don't they start around $35/hr?
    Nov 10, 2015. 05:23 AM | Likes Like |Link to Comment
  • Ford strikes deal with UAW [View news story]
    The minimum wage should be set locally, not nationally. Compare the cost of living at Manhattan, Chicago, and Silicon Valley to Nashville, Tuscon, Omaha, Des Moines, and Boise. It's ridiculous to think the minimum wage should be the same in those places. Pick any state and compare cost of living in the city compared to the small towns. A national minimum wage makes no sense.
    Nov 9, 2015. 12:06 PM | 1 Like Like |Link to Comment
  • Qualcomm Crashes 15%: Why Investors Should Definitely Not Sell [View article]
    I bought a boatload of QCOM in the early 90's. It split and split and split. I have sold at various times to more than cover my original costs. So I'm playing with "house money". I came close to selling at $70, but didn't and now I regret that decision.

    I have concerns because in the past I felt comfortable with the management. However, I am not familiar with the current management and I don't know what direction the company will take. The company needs to find another revenue source that can match the licensing revenue and possibly become the number 1 source of revenue. I don't see that revenue source to be mobile computing.

    For now I am holding but watching closely.
    Nov 6, 2015. 02:06 PM | 4 Likes Like |Link to Comment
  • Qualcomm Crashes 15%: Why Investors Should Definitely Not Sell [View article]
    @wedfabcor - " but they are an intellectual property company that is trying to compete in a commodity business with Intel and other chip makers"

    Not exactly. QCOM makes a majority of their revenue and profit from licensing their IP. The chip business is to supplement their licensing income. In the mobile world they have kicked Intel's behind!! Intel is king of scientific, engineering applications where processing power key. So PC's and work stations. Also where there is a lot of data manipulation and data transport like servers. Intel hasn't made significant headway into the mobile market.

    Where QCOM has been hurt in the chip business has been Apple's decision to design there own ARM based SOC's and then Samsung trying to copy Apple and design their own ARM based SOC. I'm not sure how QCOM gets around that problem without designing a processor that substantially outperforms the competition. They won't regain Apple's business, but they might recapture Samsung. Intel won't be the competition as Intel has yet to properly adjust to the needs of the mobile market, i.e. lower power consumption and lower pricing.

    The bigger concern is China's cheating. At some point China will have to play by the same rules as the rest of the world, but i don't know when that will come about. It appears the rest of the world needs cheap Chinese labor and products more than it needs China to play fairly. Also, to this point, China has shown more resolve to cheat than the west has shown resolve to demand a change. So it will be difficult for QCOM to grow revenue in China.
    Nov 6, 2015. 01:59 PM | 1 Like Like |Link to Comment
  • Amazon's Apple TV Ban Was Not About Hardware Sales [View article]
    Oct 8, 2015. 06:57 PM | Likes Like |Link to Comment
  • ConocoPhillips: Proof That Stock Charts Are Dirty, Rotten Liars [View article]
    Fred this article is not pointless. We will see spin-off's in the future, probably not with COP, but with other companies. In the case of COP, when the spin off was announced I doubled down and it has paid off handsomely. Will every spin off give investors a great return? Nope, but as show by the COP/PSX spin-off it can be a wonderful move for share holders.
    Oct 6, 2015. 07:08 PM | 1 Like Like |Link to Comment
  • Dividend Update - September 2015 [View article]
    a typo ...oops, I meant CQP. It is a MLP with a rare right to export LNG. Clearly there is some risk, but I've been holding for a long time and have seen the units almost double while collecting a sweet dividend.
    Oct 6, 2015. 06:53 PM | Likes Like |Link to Comment
  • Ford: September Brings An Opportunity [View article]
    J3, be aware that micro-dot knows what you are thinking before you even think it. He knows what you said even if you didn't say it. Then he will argue with you about what you said!? Don't be silly and expect an apology, because that is not in his constitution.

    Lets get back to the important stuff. When will F get out of it's current rut? F has been in a trading range for long time. For a significant rise in share price the debt has to shrink significantly. I think this will happen, so I'm long F and collecting dividends in the meantime. I see more positives than negatives.

    F series is selling well.
    The new mustang is selling well.
    China sales are growing even in the current market.
    A full variety of power options-gas, diesel, hybrid, plug-in hybrids, electric, diesel.
    Improvement with new Lincoln's.

    Large debt.
    Weak global economy.
    Lincoln is not out of the woods yet.

    So I'm holding my F and have added in recent weeks.

    On the other hand, I agree F is not "breaking out". I like 8% in one week, but it is only one week. Nonetheless I would rather see slow steady growth in share price than a quick jump. The stocks that go up fast tend to drop fast!!

    In the mean time I'll collect the dividend.
    Oct 6, 2015. 06:49 PM | 2 Likes Like |Link to Comment
  • Refinery Margins Collapse In September [View article]
    Good information ... as always. I'm still holding PSX and plan to hold, but you have me thinking long and hard.
    Oct 6, 2015. 05:57 PM | Likes Like |Link to Comment