Seeking Alpha

nibelung

nibelung
Send Message
View as an RSS Feed
View nibelung's Comments BY TICKER:
AAPL, BA, C, FXE, GM, HLF, HPQ, JOE, JPM, KME, MNI, NLY, O, REZ, RYN, T, TSCDY, VZ
Latest  |  Highest rated
  • AT&T, Verizon And Why You Should Care About Their Yields [View article]
    Ballpark numerical example,
    1. Since you are getting 6% on cost, say you have 1,000 sh @ 30.
    2. Receive div, $450.
    3. This money exists in your account for an instant.
    4. With the $450, you reinvest = buy 13.2 sh @ 34 (with your money, it's not a freebie).
    5. Your basis just went up. (30450/1013.2 = 30.05)

    I don't use Fidelity, my broker would show something like
    6. cr $450 dividend received
    7. dr 13.2 sh @ 34, $450 (saved the commission)
    Sep 1 10:44 AM | Likes Like |Link to Comment
  • Phablets overtake tablets and portable PCs in Asia: IDC [View news story]
    For 90% of the people this is all the computer they need, takes care of the email, GPS and facebook.
    Aug 30 02:59 PM | 3 Likes Like |Link to Comment
  • It's official, Herbalife (HLF) confirms that KPMG has resigned as its accountant due to issues of insider trading by a senior KPMG partner assigned to HLF's account, not due to any accounting irregularities. Shares remain halted. [View news story]
    Come to think of it, accountants are normally in-house, it is the auditors that are external and independent; I doubt anyone would pay/afford KPMG or the others for the daily stuff.
    The pr wording may be flaky, accountant should read auditor. We can thank the robots for the rest.
    Apr 9 11:52 AM | Likes Like |Link to Comment
  • It's official, Herbalife (HLF) confirms that KPMG has resigned as its accountant due to issues of insider trading by a senior KPMG partner assigned to HLF's account, not due to any accounting irregularities. Shares remain halted. [View news story]
    Herbalife (NYSE: HLF) today announced that KPMG LLP notified Herbalife on April 8, 2013 that KPMG was resigning, effective immediately, as Herbalife’s independent accountant. KPMG stated it had concluded it was not independent because of alleged insider trading in Herbalife’s securities by one of KPMG’s former partners who, until April 5, 2013, was the KPMG engagement partner on Herbalife’s audit. KPMG advised the Company it resigned as Herbalife’s independent accountant solely due to the impairment of KPMG’s independence resulting from its now former partner’s alleged unlawful activities and not for any reason related to Herbalife’s financial statements, its accounting practices, the integrity of Herbalife’s management or for any other reason.
    Apr 9 11:18 AM | Likes Like |Link to Comment
  • Carnival (CCL) confirms that high winds have caused one of its ships, named the Carnival Triumph, to break loose from its mooring at BAE Shipyard in Mobile Alabama. Some reports are saying crew members might be in the water. It's now resting against a cargo vessel. Of note: this is the same ship that lost propulsion in the Gulf of Mexico in February, eventually leaving thousands of passengers stranded aboard with backed up toilets and limited food. [View news story]
    When it rains it pours. Too many unfortunate coincidences; these guys are either not on the ball or cutting too many corners. Or both.
    Apr 3 04:34 PM | Likes Like |Link to Comment
  • The Coming MLP Meltdown [View article]
    Happy Pi Day
    Mar 14 01:21 PM | Likes Like |Link to Comment
  • Annals Of Quantitative Overconfidence, Boeing Edition [View article]
    Perhaps engineering work should not be done by engineers? That is so crazy, it just may work!
    Try equal parts of
    1. Bloggers
    2. Politicians
    3. Lawyers
    4. Used car salesmen
    5. Banksters
    6. MBAs
    Would be great to see, but from a parallel universe.
    Mar 12 04:05 PM | Likes Like |Link to Comment
  • Why Buy This Undervalued Timber REIT? [View article]
    Thanks Vol for your comment. I took the time to visit the RYN website and review their statements and lots for sale.

    Their intention to sell land for more than their value as timberland makes sense and has been done by others. 40 properties are for sale, from $10M down to several we can write a check for. http://tinyurl.com/ahq.... Lots are in rural areas, generally in the South.

    Along I-95 we have a nice lot 20 mi S of Savannah and a heavy concentration in Nassau (N of Jax) and St. Johns (S of Jax) counties.

    These are in fact "the sticks", and hardly high growth areas.

    In particular, Nassau has 67k people; St. Johns has 190k, its main city, St. Augustine, has been growing since the mid 16th century to its current 13k.

    With pricing around $15,000/ac, compare to real A and B locations (typ: infill for MF) at >$500k-1M/ac, which was my original question. RE angle not significant.

    JMO, a commodity wood producer that will move with housing, as will nail manufacturers.
    Feb 26 11:44 AM | Likes Like |Link to Comment
  • Why Buy This Undervalued Timber REIT? [View article]
    "(3) remaining real estate is developed and sold as residential homes"

    Tree farms typically "in the sticks" not in desirable A and B locations. Please expand on actual results in this department. Thanks.
    Feb 25 12:37 PM | 1 Like Like |Link to Comment
  • Are Herbalife's Nutrition Clubs Operating In Violation Of The Law? [View article]
    Not short HLF. It is commendable that you are following regulations, but most dealers have no idea that they need a business license, collect and remit sales taxes, inspections and several others as noted by the author. That would sink most of them.

    They dodge licensing, codes and regulations because this is a minuscule segment and the health department and others have bigger fish to fry.

    Drug dealers are a larger problem and there they are.
    Feb 8 11:50 AM | 4 Likes Like |Link to Comment
  • Nokia's (NOK) Lumia Windows Phone 8 devices are seeing post-Christmas discounts in the U.S. The flagship Lumia 920 is available for $39 on Amazon with an AT&T contract, while the mid-range Lumia 822 is free with a Verizon contract. And T-Mobile is providing the Lumia 810 for free with a contract. It isn't clear if Nokia is bearing any of the cost. The black Lumia 920 is at #16 on Amazon's phone bestseller list. (China Unicom[View news story]
    Checking the Amazon link shows the 920 at #9, not #16
    Dec 28 01:46 PM | Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    It would be fairer if the 100-200K group you mention, making 26.9% of the income paid around 26.9% of the taxes, not 24.5%.
    By contrast the 50-75K group makes 5.1% of the income and pays 9% of the taxes.
    Who's getting s*?
    Dec 10 11:50 AM | 2 Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    While a 100% tax would indeed discourage effort, let's do a more realistic example,
    Blessed to be at the 35% rate, we can get a project that should leave a clear $100,000 profit, paying $35,000 in taxes.
    Rate goes back to 39.6%. Tax is now $39,600, an extra $4,600.
    Do we do the project and skip on $60,400 or spite Obama and let it go? Just in case, I go for it.
    Dec 10 11:24 AM | 2 Likes Like |Link to Comment
  • U.S. Taxes: Who Makes And Who Pays - More Than The Rich Will Have To Pay More [View article]
    The data set used runs to 2009 (and past years). Surely Shaw would have preferred the latest numbers, well, these are the latest available. Nothing sinister.
    The numbers and observations would be similar.
    Dec 9 01:34 PM | 2 Likes Like |Link to Comment
  • What Happens If The iPhone 5 Flops? [View article]
    iShoes, iBags?
    Brilliant, would sell like, like, say, iPhones. Same demographic.
    Sep 12 06:20 PM | 1 Like Like |Link to Comment
COMMENTS STATS
63 Comments
73 Likes