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  • The Dirt Cheap Value Portfolio: Low Risk, High Reward Scenario [View article]
    Strategy makes good sense. I will continue to follow your postings.
    Apr 3, 2015. 08:02 PM | 1 Like Like |Link to Comment
  • Sears Holdings: The End Game [View article]
    To clarify: the 50 day DMA is a technical indicator, not a fundamental valuation technique.
    Mar 27, 2015. 11:51 PM | 3 Likes Like |Link to Comment
  • Google 2.0: A Big Day Is Coming For Investors [View article]
    A purchase of Google shares is, at present, a purchase into the vision of Larry Page. Buying based on the future of the company's "investments" is pure speculation as their current share valuation is not supported by CF and current growth alone.
    Mar 9, 2015. 04:03 PM | 3 Likes Like |Link to Comment
  • American Realty Capital Properties: Is Corvex Helping Or Hurting? [View article]
    The American College is an institution that helps financial services representatives (see: salesmen) earn accredited titles like CLU, ChFC, which are both noted under his credentials. The CLU relates to insurance sales and the ChFC is like a CFP - or a broader stroke financial planning style certificate.

    I don't see his bio as "quite lovely" at all. He's got a lot of history selling financial services & products under various firms and no experience doing anything else. A couple of unheard of nonprofits mean nothing.

    This fact alone encourages a huge vote of no-confidence from me. Who wants a financial services rep running a multi-billion dollar NNN holding company?

    Feb 13, 2015. 07:02 PM | 2 Likes Like |Link to Comment
  • Home Properties announces two buys, three sales over last quarter [View news story]
    Seems like they are adding some value and earning their pay. Good job, team.
    Jan 29, 2015. 03:10 PM | Likes Like |Link to Comment
  • Google: Can You Hear Me Now? [View article]
    Google will subsidize the cost because it will generate revenue from ads. Enter the Big Squeeze.
    Jan 22, 2015. 02:01 PM | Likes Like |Link to Comment
  • FT: JPMorgan will need $22B under new Fed rules [View news story]
    Dec 10, 2014. 07:08 AM | Likes Like |Link to Comment
  • Saudi Arabia: Do The Math [View article]
    Nailed it. US is happy to sign off on this as it increases consumer spending ability and hamstrings Russia at the same time. The big boys also enjoy the opportunity to consolidate the fracking shops during a profit squeeze.
    Dec 5, 2014. 12:56 PM | 24 Likes Like |Link to Comment
  • Are Real Estate ETF Yields Still A Bargain? [View article]
    Peter Palms, someday the world will probably end. Until then, we need to maintain a more realistic perspective.

    My home and those of all my clients are appraised (for tax purposes) far less than FMV.

    Inflation is real and is required by fractional banking system as it is ever expanding. Yes this particular system has many faults but it has also produced great prosperity (real - not imaginary).

    Your extrapolations are not founded in academic or functional reality. While our democracy has been largely corrupted it's more "free" than many others and has many self correcting features. It's the best of a collection of rather poor models when the goal is social prosperity.

    And while it's true that we'll have more economic hiccups and potential disasters along the way, humans are innovative and seem to persevere. People will need homes to live in and Coke to drink while they drive whatever vehicle gets them from here to there. I don't believe we will return to your feudalistic ideal.

    However, if we do, I admit that you Russkies will be well suited for the task.
    Nov 26, 2014. 09:38 AM | 6 Likes Like |Link to Comment
  • Goldman: Every client asking about the same four things [View news story]
    The goal of the world monetary policy has been to let the US take the lead since we typically respond fastest to stimulus. Once our economy is back online (happening currently) we can go strong USD while the European Union can stimulate. Boosting both at once would have been a zero sum game - so EU only gave the illusion of rampant stimulation.
    Oct 15, 2014. 09:49 AM | 3 Likes Like |Link to Comment
  • Forget Active Vs. Passive: It's All About Factors [View article]
    I think what you are looking for is provided by Dimensional Fund Advisors. Don't forget to implement a rebalancing strategy overlay to add another 40 bps.
    Oct 5, 2014. 09:12 PM | 1 Like Like |Link to Comment
  • How Commodity Traders Are Making One Big Bet [View article]
    Rarely do I see an attempt at a structured TA approach to macro ideas on SA. And I really appreciate that you've gone that route. I think most TA falls dramatically short of "analysis" because usually only 1 chart is involved and it thus lacks context or support.

    To be honest, I only skimmed your writing, but that's because the pictures do most of the talking.

    Thanks for putting this together. It's especially relevant because I've been considering my options for an entry into BHP Billiton ("BBL").
    Sep 27, 2014. 06:51 AM | Likes Like |Link to Comment
  • Even The Council On Foreign Relations Is Saying It: Time To Rain Money On Main Street [View article]
    It's about time an article like that hits the mainstream. Who woulda thunk that giving money to the 'spenders' would create more spending? My only qualm with your analysis is about delivering the helicopter drop to the 80%. Politically this will cause strife since from 80%-99% are also working hard; ie - they are not living off rent/dividends/interest payments. Anyone receiving free money is more prone to spend it and even the top 20% would be happy to consume more. Earning into the top 20% really isn't that much $ and these folks would surely be happy to spend more on travel, insurance products, real estate, autos, better quality foods, and etc. If you want to boost the broad economy, including larger ticket items, you'll have to handout to this segment too!
    Sep 2, 2014. 08:24 AM | 4 Likes Like |Link to Comment
  • Google Will Conquer A New Frontier [View article]
    I'm just outside of Philadelphia and hate the fact that I have to choose between Verizon's FiOS and Comcast - both of whom smatter the mail with promotions and then jack the rates after a new client's honeymoon period is over. I only need internet but the cost is prohibitive so I end up with TV and a useless (for me) land line. I can't wait for a viable internet option so I can stop paying $120/mo. for mediocre services.
    Aug 24, 2014. 07:36 AM | 3 Likes Like |Link to Comment
  • Exxon Q2 Results: Continuation Of Almost Decade-Old Oil Production Slide Confirmed [View article]
    I think it's well known that over the last decade there has been a dramatic increase in capital, worldwide. This leaves XOM with less opportunity to capitalize on high ROE projects (their primary filter used when taking on a new project). Amongst this backdrop the project types that remain unbid are those where XOM gets to leverage their size & political clout (mega projects) or where their high-level engineering expertise is required (relatively complex projects). While both of these strategies mean higher risk, when diversified across many projects the end result is the higher ROE that XOM requires. While your article seems to suggest a perpetual decline of production for XOM, I'm satisfied with their commitment to longer term projects that are high in ROE. During down markets is when XOM really flourishes - it's then that the lion's share of opportunities become priced ripe for XOM's picking. And their production costs are lower than much of the competition. Their investment & capital allocation model is generally counter-cyclical. They are a cash cow defensive play during fat times and a boa constrictor eating competitors during lean times.
    Aug 5, 2014. 01:34 PM | 3 Likes Like |Link to Comment