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  • Equity CEFs: Don't Buy ETB...Buy EOS, ETY Or Just About Any Other Eaton Vance Option-Income Fund  [View instapost]
    Doug has thoroughly covered the return of capital, both destructive and non destructive, in numerous other posts. The return of capital here is a very positive aspect of the fund as it allows you to avoid substantial taxation on dividends and only face capital gains when you sell the fund. Since these funds are in my hold forever slot, all my capital gains will be washed out when my heirs cash in the funds. Doug led me to this group of funds several years ago and I have nothing but accolades for Doug's concepts and practical advice.
    Nov 30, 2015. 12:29 PM | 14 Likes Like |Link to Comment
  • Walgreens Got Rite Aid For A Song  [View article]
    Here is the information on the break up fees should the merger/sale not go through.

    The Merger Agreement contains specified termination rights for Walgreens and Rite Aid, including a mutual termination right in the event that the Merger is not consummated by October 27, 2016, subject to extension to January 27, 2017 under certain circumstances. Rite Aid must pay Walgreens a $325 million termination fee if Walgreens terminates the Merger Agreement following a change of recommendation (as defined in the Merger Agreement) for the Merger by Rite Aid's board of directors, or if Rite Aid terminates the Merger Agreement to enter into a definitive agreement with a third party with respect to a superior proposal, as set forth in, and subject to the conditions of, the Merger Agreement. Under certain additional circumstances described in the Merger Agreement, Rite Aid must also pay Walgreens a $325 million termination fee if the Merger Agreement is terminated in certain specified circumstances while an alternative acquisition proposal to the Merger has been publicly made or communicated to the Board and not withdrawn and, within twelve months following such termination, Rite Aid enters into a definitive agreement with respect to a business combination transaction of the type described in the relevant provisions of the Merger Agreement, or such a transaction is consummated. The Merger Agreement further provides that, upon termination of the Merger Agreement under specified circumstances, Rite Aid will be required to pay to Walgreens up to $45 million for expenses incurred by Walgreens (with such payment credited to any termination fee subsequently paid by Rite Aid). In the event the Merger Agreement is terminated in certain circumstances involving a failure to obtain required regulatory approvals, Walgreens is required to pay Rite Aid a $325 million termination fee, which will be increased to $650 million if Walgreens enters into, consummates or announces certain acquisitions within eight to twelve months of the date of the Merger Agreement.
    Oct 29, 2015. 10:20 AM | 2 Likes Like |Link to Comment
  • Rite Aid up 39.7% on WSJ report that Walgreens is close to purchase  [View news story]
    According to Google Finance there are slightly over 1 billion shares outstanding. According to the WSJ the takeover is valued at 10 billion. In my simple mind that implies a $10 per share acquisition.
    Oct 27, 2015. 05:13 PM | Likes Like |Link to Comment
  • A Microsoft Surface Phone Can Rival The iPhone 6s  [View article]
    It is my understanding that with the advent of Windows 10 Mobile the application issue will be mitigated to a great extent. The specifications call for a single app running on all windows 10 devices. Thus if Bank of America writes an app for a Surface tablet, it could be automatically ported to a windows 10 phone. I have a Lumia 830 and have had it for 3 years with no problems or issues. I can't say the same thing about earlier Blackberry or Android phones I have used. Assuming Windows 10 Mobile performs as outlined above, I will upgrade to a new windows phone when the OS is released. If that promise is kept then windows is a strong competitor in the mobile space. If not, then the windows phone disappears.
    Sep 18, 2015. 11:03 AM | 6 Likes Like |Link to Comment
  • Retail giants counterpunch ahead of Amazon's Prime Day  [View news story]
    If you are concerned that there may be a lower on line price available, use the following site to get a realistic check.;jsessionid=abctYywavt...
    That said, I shop a lot on Amazon because of the strength of their customer service, breadth of product offerings, and speed of delivery. One customer service issue popped up a few months back and the Amazon response blew me away. I had ordered an item that was available through Amazon but fulfilled through a different merchant. It was supposed to be with free shipping included, but it came postage due ($8.40). I immediately notified the seller through his Amazon linked email that I expected a refund of the shipping charges. The seller emailed me back that he was willing to credit me for half of the shipping charge. Before I could even write a reply to tell him that this was unacceptable, there was an email to the vendor and myself directly from Amazon customer service notifying the seller that he would credit the entire shipping charge. I never knew that Amazon policed their vendors that closely, and I expected to spend time on the phone or in email shouting matches. What is customer service like that worth. Throw in Sunday deliveries free on Prime and other enhancements available only through Amazon, and then tell me that a few cents are going to drive your purchasing decision. Even when I buy something in a bricks and mortar store, I use the Amazon app on my phone to check users experience and reviews before I buy.
    Thanks Amazon
    Jul 13, 2015. 10:30 AM | 4 Likes Like |Link to Comment
  • Microsoft: The $70 Lumia 430 Should Alarm Samsung And Google  [View article]
    I have used a windows phone (Lumia 820) for over two years and love the OS and build quality. I heard all the negatives about lack of apps, but I was not deterred because it had everything I needed and more with Nokia Music and Here off line GPS. That said, there is trouble with apps now that may make me rethink my next phone purchase. Both Bank of America and Chase Manhattan have withdrawn their banking apps and ceased functionality on previously downloaded apps. Lack of apps for major banking partners could be the canary in the coal mine for other banks. Without money management, no matter how good the Lumia phones are, the headwinds would be tremendous.
    Mar 21, 2015. 12:59 PM | 8 Likes Like |Link to Comment
  • Is Exact Sciences Poised For A Monopoly On Colon Cancer Screening?  [View article]
    The earnings call was originally scheduled for February 18th according to Google Finance. It was listed as tentative, and I added it to my Google Calendar. No idea why the tentative date was not met.
    Feb 18, 2015. 09:42 AM | 1 Like Like |Link to Comment
  • Google, Cablevision shake up cellular  [View news story]
    Republic Wireless offers a $10 per month unlimited talk text hybrid Sprint WiFi plan that works well and delivers value. They use Motorola phones that range in price from $99 to $500. The hand off from Sprint to WiFi is seamless in both directions. Face it. The days of charging for individual long distance calls from a home phone are gone. The blue charge phones by the roadside are gone. Working pay phones are gone. Can traditional wireless be exempt from technological advances? Doubtful
    Jan 26, 2015. 05:54 AM | 8 Likes Like |Link to Comment
  • SEC Action Forces RAIT Financial Book Value To Plummet  [View article]
    Dissection of the SEC filings is difficult, and respected analysts can come up with divergent opinions after studying the same materials. I bring this up solely because of the recent Zacks upgrade. Who to trust and believe is always the fly in the ointment of investing.

    Zacks Investment Research, Inc. upgrades RAIT FINANCIAL TRUST NEW from HOLD to BUY.
    BY Investars Analyst Actions - private
    — 12:05 PM ET 01/02/2015

    On January 2, 2015 Zacks Investment Research, Inc. upgraded RAIT FINANCIAL TRUST NEW from HOLD to BUY.
    Jan 6, 2015. 10:03 AM | 2 Likes Like |Link to Comment
  • Weak Coal Market To Probably Take Toll On Arch's Performance In Near Term  [View article]
    The EPA decision eliminates the concern that utilization of coal ash in building materials could come back to haunt the construction industry years into the future. Now that fly ash can be used without worry as a building material, most of the ash will be successfully recycled into useful products and storage capacities can be substantially reduced. The storage containment rules have been strengthened not weakened, but now with a useful path for utilization of fly ash, storage is less of a concern.
    Dec 23, 2014. 08:37 AM | 1 Like Like |Link to Comment
  • Weak Coal Market To Probably Take Toll On Arch's Performance In Near Term  [View article]
    Add to the good news the new EPS regulations on fly ash. The EPA decided not to label fly ash a hazardous waste and has implemented very industry friendly rules regarding the handling os said waste.
    Dec 20, 2014. 08:25 AM | 1 Like Like |Link to Comment
  • Weak Coal Market To Probably Take Toll On Arch's Performance In Near Term  [View article]
    Just yesterday NY banned fracking. Could his be the "canary in the coal mine" for a rebound in the use of coal? Coal has known environmental issues that have been and are being addressed. Clean natural gas is more of a slogan than a reality. No one is really sure what the long term liabilities of fracking really entail. The threats of ground water pollution and seismic activity are real concerns that need to be addressed. I have made money on coal stocks in the past, and I believe a rebound will be sharp and unexpected as a result of a major fracking issue.
    Dec 19, 2014. 06:52 AM | 4 Likes Like |Link to Comment
  • In 2015, You Might Be Able To Buy Stock In Apple And Samsung's Biggest Threat  [View article]
    The stock talk page lists the title of the article as follows.

    Michael Blair : In 2015, You Might Be Able To Buy Stock In Apple, Samsung's Biggest Threat

    Was this a Freudian slip on MB's part or did the editors assume something
    Dec 10, 2014. 01:25 PM | 4 Likes Like |Link to Comment
  • Is Cliffs Natural Resources A Good Buy?  [View article]
    "As a result of all this, a major stakeholder, Casablanca, has raised concerns about the company's strategy and management"

    Are you aware that Casablanca won a proxy battle and now controls the company? If not, why would you consider your thoughts to be germane to the current situation.
    Sep 23, 2014. 08:16 AM | 1 Like Like |Link to Comment
  • BlackBerry Recovery Not Assured But Definitely Possible  [View article]
    I found the application grid to be very helpful in understanding the supposed shortcomings of the non IOS systems. Since I am a Lumia Windows user, my eyes were naturally drawn to the Windows OS. There is one correction needed in your chart. According to the Kik messenger website, they do have the application for windows. I went to the windows store and it was available for download. I don't agree with you in your early shorting of Apple, but I believe that early next year in February or March, there may be a definite chance to make some money with a short position. Those who think Apple will never fail have failed to think.
    Sep 4, 2014. 08:34 AM | 1 Like Like |Link to Comment