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JLesinski

JLesinski
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BAC, GE, HLF, KO, NLY, RTL, SJM, T, UNG, VIG
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  • Kinder Morgan wins spot on Goldman's Conviction Buy List [View news story]
    Now that KMI consolidated everything into a C-corp you shouldn't have to worry about a K-1 anymore. Treatment will be the same as any other C-corp (AAPL, GE, KO, PEP, AXP, etc.)
    Aug 14, 2015. 02:57 PM | 2 Likes Like |Link to Comment
  • Credit Suisse lifts view of MLPs, sees 40% upside on revision to mean yield [View news story]
    Also need to account for Iranian oil returning to the broader global market if/when sanctions are lifted. Last estimate I heard yesterday was that it would increase global supply by ~15%.
    Aug 14, 2015. 10:04 AM | 2 Likes Like |Link to Comment
  • Exxon Mobil off 1.8% premarket after lowest profit since 2009 [View news story]
    Oil and shale jobs account for 1.4m new jobs since 2008 with a total of 6.8m new jobs being created across the economy over the same period. Or in other words, not even close to being nearly all.


    The sky is falling! See, I can make outlandish statements without basis in BLS data too.
    Jul 31, 2015. 08:54 AM | 26 Likes Like |Link to Comment
  • Recent court ruling could prove beneficial for MLP investors [View news story]
    It was likely a shareholder derivative suit relying upon a breach of fiduciary duty theory. Courts in this country don't have the authority to review deals, they have the authority to determine if the proper procedures were followed. In the present case it appears they were not, hence the damages for shareholders.
    May 19, 2015. 09:44 PM | 5 Likes Like |Link to Comment
  • Exxon Mobil - With Oil Prices Recovering, Is It Time To Pack Your Climbing Gear? [View article]
    Just opened a 60% position in XOM yesterday around 86.70 for many of the reasons cited by the author. The free cash flow is certainly encouraging, I think oil is going to melt back up to the $70 area by the end of the year, and I'm getting paid 3.4% while I wait. All in all, not a bad time to buy in my opinion.
    May 14, 2015. 08:48 PM | 2 Likes Like |Link to Comment
  • Coca-Cola Could Be Starting A Turnaround With Stronger Q1 Results [View article]
    Nice to finally see a good quarter. While I am wary of Mr. Khent at this point, due to the string of lackluster quarters that have been put together, I'm still somewhat hopeful that he can get this thing turned around. KO was one of the first stocks that I bought, I'm still long, and may consider adding shares if it sags back down to a 40 handle
    Apr 23, 2015. 09:09 AM | 1 Like Like |Link to Comment
  • American International Group: No Power To Move Higher? [View article]
    Even though AIG seems unable to break through the $56 level currently, I'm not very concerned. A return to the $50 level would be frustrating but would also present an opportunity for me to add more shares. This one will be a winner, just may take longer than we'd like
    Mar 27, 2015. 04:17 PM | 6 Likes Like |Link to Comment
  • AIG to pay nearly $1B to settle class-action suit [View news story]
    Generally happy with the approval of the settlement. Considering that the class members were alleging that they had billions of dollars in losses, $970MM doesn't sound that bad.

    Long AIG.
    Mar 22, 2015. 02:55 PM | 3 Likes Like |Link to Comment
  • Refiners sue BNSF Railway over $1,000 oil tank car surcharge [View news story]
    Meant the second "contract" in the third sentence to be "conflict." Can't seem to edit comments when posting via the SA iPhone app
    Mar 17, 2015. 11:00 AM | 2 Likes Like |Link to Comment
  • Refiners sue BNSF Railway over $1,000 oil tank car surcharge [View news story]
    While I haven't seen the complaint in the case, what could possibly be the theory of liability here? Anti-trust? Companies are free to contract with each other as they wish as long as there is no contract with federal or state law. If the refiners don't like it they can take their business elsewhere. One key aspect of a market is to disperse risk...
    Mar 17, 2015. 10:58 AM | 1 Like Like |Link to Comment
  • GE more focused on raising profit margins, analyst says [View news story]
    Pump the breaks. Since most people here don't have Ph.Ds in engineering, and neither do I, I'm not angling to get into a detailed debate on the differences in turbine technology. However, the gas turbines that GE makes and the wind turbines that GE makes are predominantly reaction turbines and operate relying upon the same premise of a fluid moving over the blades; clearly the gas turbines have more blades and are more complex - however, the concept for both is very similar and can be scaled up or down to accommodate different purposes.

    Now, if you'd like to challenge the argument I made regarding the macroeconomic forces impacting GE's energy segment, please feel free to contribute. However if you're only here to jump on people for making generalizations about non-core premises to their arguments, well then I can't help you there.
    Mar 13, 2015. 01:52 PM | Likes Like |Link to Comment
  • GE more focused on raising profit margins, analyst says [View news story]
    In my opinion, solar has legs and will be viable in the future. The point you should be making when it comes to wind is that while oil and gas prices are this low, there is no incentive other than the policy and emotional based climate change argument which is not likely to drive large scale adoption of alternative energies.

    The problem is, you can't rely fully on that argument because the governments of the large, developed economic countries have climate summits every few years where they tend to agree to alternative energy targets. Then, when you take into account that China is getting into wind energy in a very big way and they're currently operating at only 3.2% capacity, I say GE should make all the wind turbines they can and ship them overseas.

    Regardless, the turbines that GE supplies for wind energy aren't all that different from the steam turbines it also makes so I'm not that concerned about it. Diversification never hurt anybody, particularly in today's global political environment.
    Mar 13, 2015. 10:40 AM | Likes Like |Link to Comment
  • 23% total comp raise for Coca-Cola CEO in 2014 [View news story]
    I haven't looked recently but 2013 compensation for non-employee directors was something like $50,000 cash and $200,000 unvested restricted stock units
    Mar 12, 2015. 11:20 PM | Likes Like |Link to Comment
  • Wells Fargo downgraded at SocGen [View news story]
    Absurd decision. Lowest logical rating for WFC in the current environment is "underperform." Attempting to analyze WFC as if it were BAC, JPM, etc. is folly and is only evidence of misunderstanding the nature of the institution.


    Disc: Long
    Mar 10, 2015. 11:09 AM | 5 Likes Like |Link to Comment
  • American International Group misses by $0.08 [View news story]
    By the way, in the interest of disclosure, I'm long AIG.
    Feb 12, 2015. 04:24 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
153 Comments
238 Likes