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rickevan

rickevan
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  • Taubman Is A Time Tested REIT Brand [View article]
    Hi Brad. As always, another well written and informative article. I just checked and you can sell a Dec 75 put for approx 4.50 which gets you a net buy price well below the 72 that you like. Also, you get a nice little gain if the stock is at or above 75 in Dec. seems like a win-win for you !
    May 26 07:30 AM | 1 Like Like |Link to Comment
  • Time To Sell Enterprise Products [View article]
    Plus Obamacare tax surgharge plus state income tax, if applicable. In general, I don't believe that the tax deferral of an investment which subjects you to ordinary income tax rates instead of capital gains taxes is worth it. As long as favorable tax rates exist for qualified dividends and capital gains than that is the way to go. If you read all the comments from MLP articles, this one included, you notice how many people say they have to hold until death or are married to the holding due to the significant taxes due. This is the ultimate tax tail wagging the dog investment. For me, being trapped in an investment is not comfortable. After only a 2 year or so holding period I liquidated all my MLP's to pay the tax. I sold before the max fed tax hit 39.6 and the 3.8 surcharge kicked in. I own KMR, EEQ and AMLP etf. Good yield, all tax benefits, no recapapture if sold and cap gain rates if sold at a profit. Simple !
    May 26 06:54 AM | Likes Like |Link to Comment
  • Time To Sell Enterprise Products [View article]
    Plus Obamacare tax surgharge plus state income tax, if applicable. In general, I don't believe that the tax deferral of an investment which subjects you to ordinary income tax rates instead of capital gains taxes is worth it. As long as favorable tax rates exist for qualified dividends and capital gains than that is the way to go. If you read all the comments fr
    May 26 06:47 AM | Likes Like |Link to Comment
  • Kinder Morgan Has An Ace In The Hole [View article]
    Excellent article and well written despite some of the smaller issues raised by some of the commenters. This is a tough and sophisticated crowd ! By the way, nice put option premium for those interested in locking in a purchase price if shares put to them. Long KMR and short puts.
    May 25 08:09 AM | 3 Likes Like |Link to Comment
  • Kinder Morgan Has An Ace In The Hole [View article]
    Good story, however, I think that you have to factor in the value created by the 20%, 60K, that wasn't used for the downpayment and was invested by KMI. At a minimum, the total return difference will shrink, if not disappear.
    May 25 07:56 AM | 3 Likes Like |Link to Comment
  • American Realty Capital Properties: Rapid Growth At A Cheap Price [View article]
    Very good article. Like many others, I am a very upset and angry shareholder. I feel that it would have better to let your debt/equity ratio get out of whack than issue 138 MM shares gobat $ 12 per share. What dilution. The after tax cost of the dividend payment far exceeds the cost of interest on debt or even another preferred issuance ! Finally, since the company projected, at the beginning of the year, a multi billion dollar acquisition spree than why not have a shelf registration or some form of standby issuance ready for the opportunity. The stock was $ 14.90 a few months ago. Why didn't management pull the trigger then ? Even giving up a little for a quick placement they could have gotten $ 14 for the shares ? Management needs to slow down and get its act together to gain credibility with the investing public.
    May 24 06:44 AM | 12 Likes Like |Link to Comment
  • Explaining Year-To-Date Health Care REIT Returns [View article]
    Very thorough and informative article.
    May 22 05:56 AM | 2 Likes Like |Link to Comment
  • Goldman's Right On Kinder Morgan [View article]
    To all those that responded to my earlier comment. First of all thanks. It seems to me that the consistent comment for the KMP preference over holding KMR is the quarterly cash receipt vs having to sell shares. Given how cheap it is to make an online trade and since you can pick the shares to sell and you only have to make a quarterly sale I still believe the greater income and tax benefits far outweigh holding KMR vs KMP.
    May 20 02:32 PM | Likes Like |Link to Comment
  • Kinder Morgan Management, LLC: The Wise Choice [View article]
    Excellent article. I agree 100% with your assessment of KMP vs KMR and recently commented this point in another article. I am looking forward to other commenters responses that disagree with your points made and hearing their points. Who knows, maybe no one will disagree !
    May 20 07:00 AM | 1 Like Like |Link to Comment
  • Goldman's Right On Kinder Morgan [View article]
    Good article. If you like KMP wouldn't you like KMR more ? The yield is higher, you have no K-1 to deal with and if you sell the shares you have no ordinary income recapture, only capital gain or loss. Quite frankly I can't see any advantage of owning KMP over KMR. I'm open to being shown where my assessment is incorrect.
    May 20 06:36 AM | 5 Likes Like |Link to Comment
  • Linn Energy Should Consider Selling More Acreage [View article]
    Excellent article. I agree, and have commented in the past, wholeheartedly in the past that buying back LNCO shares make the most sense since they have a higher after tax cost than all other financing. In addition, this would give some well needed lift to the share price, which all of the stockholders have earned !
    May 19 04:53 PM | 2 Likes Like |Link to Comment
  • Philip Morris: Don't Buy Right Now [View article]
    Another well written update. In the past I have commented that comparing PM with the domestics really wasn't an accurate comparison. Just a thought, how about keeping your analysis as is except you do not reduce the PM earnings and sales amounts by the FX charges ?
    May 15 06:39 AM | Likes Like |Link to Comment
  • The Best Dividend Growers, Part 5: Philip Morris [View article]
    You are correct about Philip morris being the #1 S & P stock for the 50 years you mentioned. I forgot how many 1000's of % the gain was. Incredible if the dividend was reinvested ! I'm sure someone with the right computer skills could roll forward from 2007 and add the spin-offs back in to see where we would be today. If someone knows pleas let me know.
    May 12 04:41 PM | 1 Like Like |Link to Comment
  • Should You Prescribe Walgreen For Your Dividend Portfolio? [View article]
    Like you, I am sitting with a double in 18 months. While I agree that WAG may be a little expensive, If I calculate the tax due on the sale it would be 30% ofbthe gain. Therefore, if I sell at 60 and cost 30 my tax of 9 is like a 15% correction. Just my way of looking at it.
    May 12 06:47 AM | 1 Like Like |Link to Comment
  • The Best Dividend Growers, Part 5: Philip Morris [View article]
    Your initial chart on revenue growth seems to be a little misleading. The apparent 65% decline for MO is probable due to the KFT and PM spin-offs. I think you should have adjusted for this and shown the revenue growth, or decline, of the current MO business.
    May 11 05:48 AM | 9 Likes Like |Link to Comment
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