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TGC004

TGC004
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  • Kinder Morgan: Why Barron's Is Wrong Regarding The CO2 Segment [View article]
    Anyone with the technical know how of how to read a set of financial statements in full could tell the LINE attack was complete BS and was able to profit nicely once the bottom hit and the SEC closed their "informal inquiry".
    Mar 4 09:08 PM | 1 Like Like |Link to Comment
  • Signs Point To A Costco Negative Surprise [View article]
    If you look at Costco's annual report, you will note that they turn their inventory faster than they have to pay their suppliers. Accordingly, their business model is a winner for Costco - they get paid by consumers before they have to pay their suppliers. I don't know too many businesses that can achieve this type of performance.
    Mar 4 09:02 PM | Likes Like |Link to Comment
  • Signs Point To A Costco Negative Surprise [View article]
    Funny enough, you can get incredible deals on Costco.com if you choose to take the time to look. Much better than Amazon.com for certain things.
    Mar 4 08:57 PM | Likes Like |Link to Comment
  • Signs Point To A Costco Negative Surprise [View article]
    Costco here does an excellent job clearing the parking lots and any other areas that a customer would be of all snow and ice. I have not noticed any decrease in shoppers during the cold weather. Here they seemed to have stocked up on spring items (fertilizer, grass seed, boogie boards and the like). But Costco shoppers don't go there primarily for these items, they go for staples like paper towels, toilet papers, dish washer fluid, orange juice, milk etc.
    Mar 4 08:56 PM | Likes Like |Link to Comment
  • Signs Point To A Costco Negative Surprise [View article]
    Actually I pay the extra $$ for the Executive membership, every year I get back more than I spend on the membership. Granted that means I spend quite a bit there, but the savings are great and buying in bulk is no big deal, I have shelves in my garage to store the "inventory".
    Mar 4 08:52 PM | Likes Like |Link to Comment
  • Signs Point To A Costco Negative Surprise [View article]
    I visit my local Costco multiple times a month and have been doing so for years. Generally the shoppers appear to be on average fairly well to do. I come to that conclusion from looking at the cars in the parking lot and from looking at the shoppers, what they are wearing and more importantly, what they are buying.

    Rarely have I gone into any Costco when there hasn't been a crowd pushing around fairly full large shopping carts. My average spend is over $200 a visit (I have 2 teenagers).

    I bought the stock years ago when it was in the low $50s, wish I had bought more.
    Mar 3 05:22 PM | 6 Likes Like |Link to Comment
  • Kinder Morgan: Why Barron's Is Wrong Regarding The CO2 Segment [View article]
    So Hedgeye / Barrons were wrong on LINE, no doubt they are wrong on KMP. The lack of due diligence before publishing these hit pieces is just incredible, journalistic incompetence at best.
    Mar 3 09:20 AM | 20 Likes Like |Link to Comment
  • Linn Vs. LinnCo: Is It All About Taxes? [View article]
    The LINCO tax basis is not reduced by distributions received while the deceased owned the shares. For LINE units, the tax basis of the units decreases by the amount of the cumulative distributions paid prior to death. Upon death, the units get reset to fair value on the date of death. Accordingly, the distributions received by the person who unfortunately died, will never be taxed (though the holder may have paid some tax on the taxable earnings of the MLP, to the extent there is any). For many of the MLPs that I am familiar with, depreciation provides a full or partial "shield" from current taxation on earnings of the MLP.

    The tax basis resets to fair value and the beneficiary then reduces the tax basis of the units from that point on for each distribution received. Should that owner pass before the basis goes to $0 - then the distributions received by the beneficiary will never be subject to tax - though the earnings of the MLP could subject the holder of the units to income tax.

    MLPs appear to be an interesting way to do some estate planning, not that I am an expert in that field.
    Feb 17 08:21 PM | Likes Like |Link to Comment
  • Linn Vs. LinnCo: Is It All About Taxes? [View article]
    Except LINE hedges 100% of their production. Which removes the volatility.
    Feb 17 08:09 PM | Likes Like |Link to Comment
  • Linn Vs. LinnCo: Is It All About Taxes? [View article]
    I am dealing in real time with the inheritance issue discussed above. The question about tax attributes other than the fair value of the units has been given to our attorney, I don't have an answer as of yet. However, in my view, all of the tax attributes associated with the security should be reset to fair value on the date of death.

    I don't see any reason why you wouldn't fair value the units on DoD, and not fair value the other tax attributes (accumulated passive losses etc).

    When I do get an answer that makes sense, I will post - but as usual, consult your own tax adviser.
    Feb 17 08:07 PM | 2 Likes Like |Link to Comment
  • Linn Energy Is Ready To Bounce Back [View article]
    From reading this article, it is clear who ever wrote it knows very little about LINE and didn't do a complete review of existing public SEC filings.
    Feb 17 07:30 PM | 14 Likes Like |Link to Comment
  • Natural Gas Prices At A BOIL, Market-Makers' Rest Of Year Outlook [View article]
    As for LNG export facilities, I am aware of only one under construction down on the Gulf of Mexico, am not aware of any other export facilities in the US for LNG. There are a number of LNG import facilities, but it doesn't make sense to import LNG into the US at this time.
    Feb 15 11:49 AM | Likes Like |Link to Comment
  • The Marie Antoinette Rule [View article]
    Which is why anyone on unemployment / welfare for longer than say 3 months should be subjected to a detailed IRS audit.
    Feb 15 11:37 AM | 1 Like Like |Link to Comment
  • The 4% Plan - A Permanent Income Stream Solution [View article]
    You are a hero, BRAVO - I wish you good health. Obviously you have the financial side taken care of - care to share how you achieved this?
    Feb 12 09:17 PM | Likes Like |Link to Comment
  • How Obama's 'MyRA' Plan Will Impact The U.S. Economy [View article]
    I looked at my 401k statement recently, I did 31.5% return last year with a mix of asset classes, none of them in US treasury securities. 5 year return of 17%, 3 year 14%. I am sure others did better, some did worse, but why in the world would I invest in Treasuries?.

    Sure I lagged the S&P slightly, but over 5 years I was just about there. Seems to me that for the low income crowd, the best bet is to open a Vanguard S&P 500 fund and have their checking account auto debited by their $50 a month
    Feb 12 08:59 PM | 1 Like Like |Link to Comment
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