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  • 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
  • American International Group misses by $0.08 [View news story]
    It's an emotional argument. I have yet to see one person put forth a cohesive thesis that suggest shorting AIG is a logical and prudent move. Will it underperform? Possibly. But advocating a short position in this instance is sheer lunacy.
    Feb 12, 2015. 04:21 PM | 5 Likes Like |Link to Comment
  • Why I'm Bearish On Coke [View article]
    The problem with that strategy is that most of us would be staring down large tax liabilities if we were to close or greatly reduce our positions
    Feb 11, 2015. 10:58 AM | 1 Like Like |Link to Comment
  • GE +1.8% as Jeff Immelt spends his entire 2013 cash bonus on shares [View news story]
    Is anyone else surprised that he only got a $2.6M bonus? Seems a little low for a company/CEO like GE and Immelt. Or is my math wrong?
    Mar 4, 2014. 10:12 PM | Likes Like |Link to Comment
  • Warren Buffett's Politically Incorrect Investments Underperformed The S&P 500 Over The Past 5 Years [View article]
    Aside from UncleLongHair's personal bent in his comment, he did have a significant point that you failed to address in your response to his comment. You do fail to take into account the non-stock portion of the portfolio.

    Also, similar to ULH's comment, your analysis appears to be clouded by a personal dislike for Warren Buffet. Personally I don't care about a manager's political beliefs as long as they are providing an acceptable rate of return. If you wanted to make the argument that some of his holdings were susceptible to political risk, then you could have done that; the argument is certainly there. However, whether his portfolio is "politically incorrect" or not is largely irrelevant in this kind of an analysis, yet you spend multiple paragraphs on this issue.

    Just my 2 cents.
    Mar 4, 2014. 10:06 PM | 1 Like Like |Link to Comment
  • General Electric: Fair Short-Term Valuation, Long-Term Appeal [View article]
    If the market were acting rationally I would 100% agree with the author. The way everything is trading right now with all the Fed policy, good data finally coming out of the US, and everything else around the world it's very difficult to know what is truly expensive and what isn't. I'm long GE and I'm not going to add to my position at these levels but I'm not entirely sure that it doesn't follow the market higher if the whole thing continues to climb through the end of the year and the first couple months of 2014.
    Dec 21, 2013. 09:33 AM | 4 Likes Like |Link to Comment
  • GE elects PNC chairman Rohr to board [View news story]
    I don't know about 4 cents. I'll take a 2 cent bump and a nice bump to the share repurchase
    Sep 13, 2013. 08:25 PM | Likes Like |Link to Comment
  • In what has been dubbed as largely a symbolic vote, the House of Representatives did what was expected and opted to repeal the health-care overhaul law, but it's is likely be dead in Congress’s lower chamber. The vote was 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. Sidenote: This is the 37th attempt to repeal the law since it was passed in March 2010. [View news story]
    Not surprised McIntyre went the other way on this vote. He had a hell of a time fighting a recount challenge last November. Wonder if he'll get primaried next year
    May 16, 2013. 09:10 PM | 2 Likes Like |Link to Comment
  • New Annaly Capital (NLY) director John Schaefer aligns his interests with those of the shareholders, starting a stake in the company with a 25K share purchase at $15.16/share. (Form 4[View news story]
    I sold in the 17.90 area and am now looking to get back in as well.
    May 6, 2013. 08:35 PM | Likes Like |Link to Comment
  • Cyprus and top EU officials strike a preliminary deal regarding the terms of a rescue package. Deposits below €100K will be transferred from Cyprus Popular Bank (the "bad bank") to the Bank of Cyprus (the "good bank"). Furthermore, deposits above €100K at Cyprus Popular will be taxed and the bank will be shut down. The Bank of Cyprus will reportedly take on all of Cyprus Popular's ELA obligations to the ECB which total ~ €9B.  [View news story]
    So instead of a 9.9% outright hair cut they're going to have 40% of their deposits stolen?

    Source: MarketWatch

    SYDNEY (MarketWatch) -- Cyprus and its institutional lenders have reached a bailout deal, according to reports citing European Union officials. As part of the agreement the country will impose a 40% haircut on Bank of Cyprus depositors holding more than 100,000 euros ($129,760) in their accounts, Agence France Presse reported. The deal will now be put to the Eurogroup in Brussels for approval, the reports said. The weekend saw tense meetings between Cyprus and the Troika -- the European Commission, the European Central Bank and the International Monetary Fund -- to reach a deal before a Monday evening funding deadline.
    Mar 24, 2013. 08:22 PM | 1 Like Like |Link to Comment
  • General Electric: An Update On The Perfect Stock [View article]
    I completely agree on your view of GE, RS. Like some others have mentioned here in the comments, I am less than enamored with the decision to add Shapiro to the board but nonetheless I am buying shares and calls hand over fist right now. Despite my dislike of Immelt and Shapiro, the business is simply to valuable to ignore it.
    Mar 17, 2013. 10:08 PM | 1 Like Like |Link to Comment
  • GE (GE -1%) CEO Jeff Immelt says the conglomerate plans to return $18B to shareholders this year through dividends and buybacks," and allocate $100B to payouts over the next few years. In a letter to shareholders, Immelt also warns of "major political storms" that are likely to hurt capital investment, such as the debt-limit controversy and tax reforms.
     [View news story]
    "fair share" is the biggest misnomer ever coined for political purposes. Companies and the wealthy pay more than their fair share of taxes for this government, and that's coming from a net negative equity college student paying for his own private education. Open your eyes and get off your soap box
    Mar 11, 2013. 12:14 PM | 10 Likes Like |Link to Comment
  • 5 Bullet-Proof Dividend Growers Yielding 5% [View article]
    Can someone briefly explain the difference between the RDS class A and class B shares? Thanks
    Mar 9, 2013. 10:08 PM | Likes Like |Link to Comment
  • Bill Ackman's flagship fund at Pershing Square fell 0.1% in February, not bad considering the hits from two of his marquee holdings. The last day of the month was particularly painful, with J.C. Penney plummeting 17% while Herbalife jumped 7.6%. For the year, the fund is up 3.6% vs. the S&P's 7.4% gain.  [View news story]
    I have to think that Ackman has covered at least half of his herbalife short. There's no way he was riding that thing to a zero bid...
    Mar 4, 2013. 09:16 PM | Likes Like |Link to Comment
  • Christmas Came Very Early For General Electric [View article]
    Looks like we're seeing a little already.

    From the SA flash:

    "Raised its authorized stock buyback to $35B and plans to buy back $10B worth of shares in 2013."
    Feb 12, 2013. 05:32 PM | 1 Like Like |Link to Comment