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ge12ar

ge12ar
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  • Diamonds Are A Girl's Best Friend, But Can Lucara Diamond Be My Best Friend? [View article]
    I think your analysis assumes no change in the price of diamonds over an 18 year period. I do not have data that indicates what has happened to the price of diamonds since the mid 1990's but I bet it would show a substantial increase in their price and one that is far greater than inflation. If you have that data perhaps you could adjust your analysis because I think it would show that the value far exceeds the $2.82 figure that you use.
    For the record, I have been a shareholder for about 2 years and have (for me) a relatively large position( that has a value in excess of 100% of my cost). I have no current intention of disposing of any of he shares I hold and I expect in the not too distant future that the price will be far greater than $2.82.
    Aug 18 04:42 PM | Likes Like |Link to Comment
  • Kinder Morgan Inc. Consolidation [View article]
    You should be embarrassed, this is a truly worthless article. Why did you even publish it? I for one will never read anything else ever written by you.
    Aug 11 06:53 PM | Likes Like |Link to Comment
  • Pure Multi-Family REIT And Agellan Commercial REIT: 8% Yields With Plenty Of Upside [View article]
    Your statement about withholding is not accurate. I, for example, get almost none of my withholding as a tax credit. The tax provisions are too complex for me to summarize but your statement may be true for you and certain other investors but not all US investors.

    In addition since the income is all derived in USD and most of the expenses(except perhaps for most of the corporate G&A) are also in USD, the exchange rate is not going to be a major factor. Furthermore, the Canadian S is at a relative low to the USD and although I cannot predict what will happen in the future I think it is most likely that it will remain at the current level or appreciate somewhat against the USD.
    Aug 3 05:09 PM | Likes Like |Link to Comment
  • This High Dividend Stock Just Declared 5th Straight Hike, Yields Almost 8%; Goes Ex-Dividend This Week [View article]
    Why aren't you troubled that the distribution coverage ratio has consistently been under 1? Were it not for the fact that major unitholders are participating in a DRIP program the distribution would have to be cut rather than increased as you suggest and in less than a year their agreement to defer cash distributions will have expired.
    I may be wrong but it appears that they are able to make distributions at the current level only because they are issuing more units. Unless I have it wrong, that is not a very comforting situation and does not bode well.
    I also find your investment suggestions to be interesting and have purchased several of them but I am troubled by this one.
    Jul 27 10:20 AM | 3 Likes Like |Link to Comment
  • Now Is The Time To Profit From The Surge In Zinc Price [View article]
    You should also look at ZINC(Horsehead). (See this SA article for more information-http://bit.ly/1rV3Xn2.
    For the record I own it as well as TV.to.
    Jul 27 10:15 AM | Likes Like |Link to Comment
  • ALPS to launch gold miner ETF with Sprott Asset Management [View news story]
    Is there any indication of which miners are included in the index and how this differs from the ones that already exist. In other words, what is Sprott offering that is currently not available other than an opportunity for him to make some money?
    Jul 14 02:02 PM | 1 Like Like |Link to Comment
  • I Sold Kinder Morgan Energy Partners [View article]
    Are you the same person who less than a month wrote the article below?

    http://bit.ly/1pfOyvf

    In that article you made a very bullish argument for KMP. I guess there is a strong likelihood that one of your articles will be right on the money but I for one intend to ignore both.
    Jun 18 10:17 AM | 4 Likes Like |Link to Comment
  • Seadrill Ltd. What Part Of 'Success Story' Did Analysts Not Understand Yet? [View article]
    The short answer is that there is no withholding because of where they are domiciled.
    May 31 11:06 AM | Likes Like |Link to Comment
  • Seadrill tagged with Sell rating at Nordea [View news story]
    That is truly the stupidest analyst report I have ever read in the 45 years I have been reading them. The dividend is in jeopardy. It has been raised twice this year and neither was necessary since the yield is something like 9%. While the increase was not likely to do much for the stock if it were cut in the near future that would have a very negative effect. So unless the Board of SDRL consists of a bunch of morons they must feel very confident that it can be at least maintained or it would have been very foolish to have approved the increase.I also particularly liked the comment that there was not much visibility on earnings post 2015. Tell me one company that has great visibiltiy on post '15 earnings. Can Apple, Exxon, Mocrosoft or any other listed company tell you with any certainty what their revenuse will be in 2016? Actually SDRL can give you a far better prediction than almost any company I follow.
    This report was to put it mildly a POS and any one who acts because of it is IMO truly a fool and they deserve what happens to them. Total Garbage! For the record I have a substantial investment(for me ) in SDRL and NADL
    May 30 07:57 PM | 8 Likes Like |Link to Comment
  • Extendicare - Strong Catalyst In 2 Months With 50%-150% Upside [View article]
    The dividend is $.04(CDN) per month. The next one is payable on 6/16.
    May 23 01:37 PM | Likes Like |Link to Comment
  • 11 Attractive Canadian Dividend Growth Stocks To Buy Now [View article]
    There are several. The 2 that I happen to own (and have for a long time and frankly I have not done any recent due diligence on either) are RBN-UN.TO and SIN-UN.TO (Yahoo symbols). The former pays a monthly dividend of $.07 (approximate yield 7%) and the latter $.079 (aproximate yield 7.7%). Both own a large portfolio of Canadian high yield companies.
    May 22 01:55 PM | 1 Like Like |Link to Comment
  • Extendicare - Strong Catalyst In 2 Months With 50%-150% Upside [View article]
    But you should be aware that Canada withholds 15% of the dividend. Under certain circumstance(that are too complicated to summarize) you may be entitled to a credit on your US taxes for some or all of the amount withheld. To keep it simple you should assume that your yield on the investment is approximately 6%.
    May 22 02:07 AM | Likes Like |Link to Comment
  • BDC Pricing And The Russell Indices: Part 3 [View article]
    I am not an accountant but it is clear that Psec is being punished because the SEC is questioning the way they account for unconsolidated companies that it controls. It is my understanding that Main also has unconsolidated companies that it controls. I realize that the SEC has not yet raised a concern about Main's financials but I don't know if that is because there are material differences between Main and Psec or because they have just not focused on Main. I am very concerned that my Main holdings could be at risk if they share the same problem. I would appreciate if someone could shed light on this issue. Thanks
    May 19 02:02 PM | Likes Like |Link to Comment
  • BDC Pricing And The Russell Indices: Part 3 [View article]
    I am not an accountant but it is my understanding the Main also has unconsolidated companies that it also controls. If PSEC is getting hit because of this accounting issue (which is clearly the cae) I am concerned that the same could also happen to Main. I realize that as of now the SEC has not specifically raised any concern with respect to Main. But I don't know if this because there are differences between Main and PSEC or because the SEC has just not gotten around to focusing on Main. If any one can shed some light on the issue I would greatly appreciate it. Thanks
    May 19 01:55 PM | Likes Like |Link to Comment
  • Investigating The Impact Of Consolidation On Seadrill's Fourth Quarter Results [View article]
    I think the article overstates the issue. This is standard GAAP and SDRL has no option with respect to using consolidation. It should be noted that while a company that owns 51% of another entity does record 100% of the revenues and 100% of the expenses it does not report 100% of the profit(or for that matter loss). There is a subtraction(in the case of a profit) of the 49% of income that belongs to the minority shareholders. So while the consolidation does increase the top line it does not increase the bottom line. The implication that some have that there is something improper is just not true. For the record, I own a lot(for me) of SDRL and some NADL and I am very comfortable with these high dividend holdings. I should also add I am not an accountant but I am fairly certain that my statements are correct.
    May 8 10:42 AM | Likes Like |Link to Comment
COMMENTS STATS
104 Comments
101 Likes