fiasco jones

fiasco jones
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  • Long Kinder Morgan, But Happy To See It Fall  [View article]
    What hedge is that?
    Dec 8, 2015. 01:27 PM | Likes Like |Link to Comment
  • The Long Case For Cal-Maine Foods  [View article]
    Don't forget that when you are short you are also responsible for paying the dividend, which seems quite painful.
    Dec 3, 2015. 12:20 PM | Likes Like |Link to Comment
  • Jim Chanos Should Tell Carl Icahn To Short Cheniere Not Chevron  [View article]
    what's reunification of gas? and how much Cheniere do you own?
    Oct 6, 2015. 09:11 AM | Likes Like |Link to Comment
  • Judge Rules Costco 'Willfully Infringing Tiffany Trademarks'  [View article]
    Low gas-prices, like cheap rotissery (sp?) chickens, drive store traffic. I'm pretty sure that's the end of that story. The copy-right infringement issue isn't their finest hour but like you said, this still has to go before a jury. Also, imagine being in Tiffany's position? Their brand risk is incredible, the jury might decide that Tiffany is a generic name and Costco's quality is equivalent to Tiffany! If I were Costco I would press on and not settle. As a stock-holder I also have to admit I could care less about this and worse case scenario is that this non-issue presents a buying opportunity. Also, gas and FX issues are largely transitory and should be backed out of analysis. Costco is killing it, ask Sam's Club.
    Sep 16, 2015. 12:35 PM | Likes Like |Link to Comment
  • 3 Anomalies Across Pipeline Equities  [View article]
    Exactly right, but I'm talking about EPD and MMP which are bankrupt per the above chart. Yes, DCF covers the distribution which is why the coverage ratio is king. Growth capex is covered by future growth, DCF concerns the present, if you try to estimate what kind of distribution growth will come from the growth capex and add that to DCF than you are comparing apples and apples, if you subtract growth capex from DCF but don't add expected future distribution growth there is zero utility in the exercise. Last time I checked KMI's coverage wasn't great, that may have changed.
    Aug 17, 2015. 03:23 PM | 1 Like Like |Link to Comment
  • 3 Anomalies Across Pipeline Equities  [View article]
    So Enterprise Products Partners and Magellan are bankrupt and coverage ratio's are useless. Dang. For C corps, to counter shortcomings in EBITDA maintenance capex, not growth capex, is subtracted from cash flow, astute investors create their own DCF figures this way, very similar to 'owner earnings' or adjusted EBITDA. Which leads to the fact that DCF ratios are about distribution COVERAGE, not distribution growth, why would growth capex be subtracted? I believe you folks need to sit with Ron Hiram for a few hours.
    Aug 14, 2015. 11:42 AM | 1 Like Like |Link to Comment
  • Preliminary Review Of Kinder Morgan's Results For Q2 2015  [View article]
    'So tired of reading', YET: here you are with the other pagan readers engaging in systematic idolatry! Just kidding, but there is some serious emotional attachment to this stock. Which smells like...danger.
    Aug 3, 2015. 01:34 PM | 1 Like Like |Link to Comment
  • The Buckle: Being Treated Like 'Real Owners'  [View article]
    because they can rock the vote...i.e., accountability and governance issues.
    Jun 24, 2015. 01:36 PM | Likes Like |Link to Comment
  • iRobot: Making Strides In The Promising Robotics Industry  [View article]
    True, but the ridiculous nature of the statement still stands. Pure players have long-term advantages over more established (but unpure) robotics players like Mitsubishi Heavy or Rockwell Automation? Why?
    Jun 24, 2015. 10:43 AM | Likes Like |Link to Comment
  • What Elon Musk Is Really Selling  [View article]
    2 + 2 equals 4. There is no agenda behind that calculation either. Let me guess, you don't believe in dinosaurs or distant light either?
    May 8, 2015. 10:28 AM | 4 Likes Like |Link to Comment
  • Western Gas Partners - Undercovered Midstream Gem With Minimum Commodity Exposure  [View article]
    If, via stock awards or other incentives you found that 30-40% (or 15-20% for that matter) of your equity ownership was concentrated in one name, you would be wise to diversify. It could be that. If people were really concerned with the firm you would probably see insiders voting with their feet, which doesn't seem to be happening.
    Apr 22, 2015. 11:43 AM | Likes Like |Link to Comment
  • How The Fed Has Exported Inflation And What Happens To Risk Assets When The Money Flows Reverse  [View article]
    Frightening stuff here. I almost bought gold and sold all of my dollar assets after reading this back in April...then the acid wore off. Unflinching subjectivity is no friend of the investor.
    Feb 17, 2015. 12:29 PM | Likes Like |Link to Comment
  • What Is Tax Loss Harvesting And Why Should I Care?  [View article]
    this is the question
    Nov 13, 2014. 04:42 PM | Likes Like |Link to Comment
  • The Buckle: Being Treated Like 'Real Owners'  [View article]
    Of course a few owners own the highest concentration of shares, but that's ok.
    Oct 31, 2014. 11:59 AM | Likes Like |Link to Comment
  • The Dark Side To The Buckle's Earnings Release  [View article]
    Discounting? Know your company and know your sector. If you see any strength in earnings due to discounting you will see an erosion in margins. Buckle admirably holds the line here. Also, if you're looking at P/E and not EV/E with a firm like this you trip over the starting line and it's tough to get back in the race.
    Oct 31, 2014. 11:12 AM | Likes Like |Link to Comment