jimmy46's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/146727/comments http://seekingalpha.com/article/174898-whatever-happened-to-those-ethanol-companies?source=feed#comment-775672 775672
IT IS ONLY HAS 70% OF THE ENERGY OF GAS

IT CORRODES PIPELINES

IT ONLY GOT STARTED BECAUSE OF GOVERNMENT SUBSIDIES

IT'S NOT STABLE IN GAS, WITHIN A MONTH IT'S SEPARATING OUT OF GASAHOL & NEEDS EXTRA STABILIZERS FOR PEOPLE WHO DON'T DRIVE MUCH.

CONSUMING AN IMPORTANT FOOD SOURCE IT PUSHES THE PRICE OF FOOD UP.

AND MORE.]]> Tue, 24 Nov 2009 15:31:50 -0500
IT IS ONLY HAS 70% OF THE ENERGY OF GAS

IT CORRODES PIPELINES

IT ONLY GOT STARTED BECAUSE OF GOVERNMENT SUBSIDIES

IT'S NOT STABLE IN GAS, WITHIN A MONTH IT'S SEPARATING OUT OF GASAHOL & NEEDS EXTRA STABILIZERS FOR PEOPLE WHO DON'T DRIVE MUCH.

CONSUMING AN IMPORTANT FOOD SOURCE IT PUSHES THE PRICE OF FOOD UP.

AND MORE.]]> http://seekingalpha.com/article/173815-understanding-currency-etcs?source=feed#comment-774659 774659 You've figured out HALF of the problem.

Now, when it comes time to file the 1040,
what mental contortions is a person subject to?????????]]> Tue, 24 Nov 2009 01:25:30 -0500 You've figured out HALF of the problem.

Now, when it comes time to file the 1040,
what mental contortions is a person subject to?????????]]> http://seekingalpha.com/article/173244-buffett-and-the-forever-fund?source=feed#comment-773938 773938
The future is rail. For both freight and people.

Just yesterday the country of Qatar inked a mega billion euro deal for a rail network to be built there.

They see what Buffet sees.]]> Mon, 23 Nov 2009 16:16:47 -0500
The future is rail. For both freight and people.

Just yesterday the country of Qatar inked a mega billion euro deal for a rail network to be built there.

They see what Buffet sees.]]> http://seekingalpha.com/article/173783-are-obama-s-policies-working?source=feed#comment-773914 773914
Basically, obaba hasn't done anything this year except push health care change.

He's putting 100% into that one effort,
if it becomes law he'll have a legacy,
if it doesn't, he'll look like a fool.

All the critical financial problems receive little time or thought from him.]]> Mon, 23 Nov 2009 16:05:40 -0500
Basically, obaba hasn't done anything this year except push health care change.

He's putting 100% into that one effort,
if it becomes law he'll have a legacy,
if it doesn't, he'll look like a fool.

All the critical financial problems receive little time or thought from him.]]> http://seekingalpha.com/article/173902-what-s-berkshire-hathaway-s-expected-life?source=feed#comment-773902 773902
That might happen, who knows.
But Berk has always been worth more than the sum of its parts,
not just because Buffett is a great asset allocator,
but because its very deep pockets allow it to make insurance bets than no one else can.
Bets that on average are extremely profitable.

A small or medium asset insurance company should always play it safe, which means small profits.]]> Mon, 23 Nov 2009 15:57:15 -0500
That might happen, who knows.
But Berk has always been worth more than the sum of its parts,
not just because Buffett is a great asset allocator,
but because its very deep pockets allow it to make insurance bets than no one else can.
Bets that on average are extremely profitable.

A small or medium asset insurance company should always play it safe, which means small profits.]]> http://seekingalpha.com/article/173872-a-look-at-george-soros-s-recent-trades?source=feed#comment-769519 769519 GS) is worshiped for the same behavior."""""""

Behind every great fortune there lies a crime...]]> Fri, 20 Nov 2009 15:06:40 -0500 GS) is worshiped for the same behavior."""""""

Behind every great fortune there lies a crime...]]> http://seekingalpha.com/article/173240-two-more-myths-about-business-in-china?source=feed#comment-760349 760349
When workers are underpaid,
either the employer or the government is "saving".

GDP minus consumption is a better indicator.
And by that measure, China is saving a lot.]]> Sat, 14 Nov 2009 13:46:30 -0500
When workers are underpaid,
either the employer or the government is "saving".

GDP minus consumption is a better indicator.
And by that measure, China is saving a lot.]]> http://seekingalpha.com/article/173211-china-etfs-high-growth-potential-but-watch-for-country-s-internal-issues?source=feed#comment-759495 759495
Everybody says that, but where will future growth come from?
The gutting of US manufacturing gave them growth for the last 25 years.
But that was a one time event,

Are americans going to consume twice as much 20 years from now?
Don't think so.

And I wouldn't count on internal consumption to be anything like the export market for growth.]]> Fri, 13 Nov 2009 19:05:43 -0500
Everybody says that, but where will future growth come from?
The gutting of US manufacturing gave them growth for the last 25 years.
But that was a one time event,

Are americans going to consume twice as much 20 years from now?
Don't think so.

And I wouldn't count on internal consumption to be anything like the export market for growth.]]> http://seekingalpha.com/article/172913-four-risks-to-las-vegas-sands-shareholders?source=feed#comment-757526 757526
For those tooting WYNN's horn, he's a crook too,
he has many bennies "comped".
He admitted it to reporters who asked about one extravagance.

Like several of the others, I'm curious about MGM too.]]> Thu, 12 Nov 2009 14:18:22 -0500
For those tooting WYNN's horn, he's a crook too,
he has many bennies "comped".
He admitted it to reporters who asked about one extravagance.

Like several of the others, I'm curious about MGM too.]]> http://seekingalpha.com/article/172628-my-visit-to-the-u-s-treasury?source=feed#comment-756403 756403
The rich life the masses in amerika have had the last 70 years has been due to cheap energy.
As we see an end of that, it'll be dog eat dog as the rich resume their oppression of everyone else.]]> Wed, 11 Nov 2009 21:36:19 -0500
The rich life the masses in amerika have had the last 70 years has been due to cheap energy.
As we see an end of that, it'll be dog eat dog as the rich resume their oppression of everyone else.]]> http://seekingalpha.com/article/172642-municipal-bonds-a-clear-case-of-buyer-beware?source=feed#comment-755805 755805
These prime slime people are reneging on their property taxes at the same time they chisel on their mortgages.]]> Wed, 11 Nov 2009 15:17:19 -0500
These prime slime people are reneging on their property taxes at the same time they chisel on their mortgages.]]> http://seekingalpha.com/article/66635-thornburg-is-a-great-buy-on-this-dip?source=feed#comment-754494 754494 Tue, 10 Nov 2009 18:42:47 -0500 http://seekingalpha.com/article/170306-fdic-fha-fannie-and-freddie-real-estate-exposure-killing-home-values-in-georgia?source=feed#comment-739396 739396
That's like saying those people who had stock losses last March should have sold at the bottom of the market.
RE will rebound, just like stocks have, and those that hang on will be glad they did.

Anyone who defaults now won't be able to buy another house for at least 10 years.
What kind of idiot wants to put himself in that position?]]> Sun, 01 Nov 2009 13:21:09 -0500
That's like saying those people who had stock losses last March should have sold at the bottom of the market.
RE will rebound, just like stocks have, and those that hang on will be glad they did.

Anyone who defaults now won't be able to buy another house for at least 10 years.
What kind of idiot wants to put himself in that position?]]> http://seekingalpha.com/article/166174-conocophillips-plans-two-year-makeover?source=feed#comment-734513 734513 Zacks has a blog about COP today:

"ConocoPhillips’ earnings from its LUKOIL Investment segment came in at $545 million as against $438 million in the prior-year quarter.
The year-over-year increase came primarily from refinery throughput.
LUKOIL’s estimated contribution to the company’s quarterly E&P volumes was 424,000 barrels of oil equivalent per day.
The Chemicals unit reported earnings of $104 million as against earnings of $46 million a year ago.

I assume the "Chemicals" isn't related to Lukoil,
but zack's editing made it hard to be sure.

I also assume that the $545,000,000 earnings they got from Lukoil is a bookkeeping entry and that they got no cash from them.

finance.yahoo.com/news...]]> Wed, 28 Oct 2009 17:02:33 -0400 Zacks has a blog about COP today:

"ConocoPhillips’ earnings from its LUKOIL Investment segment came in at $545 million as against $438 million in the prior-year quarter.
The year-over-year increase came primarily from refinery throughput.
LUKOIL’s estimated contribution to the company’s quarterly E&P volumes was 424,000 barrels of oil equivalent per day.
The Chemicals unit reported earnings of $104 million as against earnings of $46 million a year ago.

I assume the "Chemicals" isn't related to Lukoil,
but zack's editing made it hard to be sure.

I also assume that the $545,000,000 earnings they got from Lukoil is a bookkeeping entry and that they got no cash from them.

finance.yahoo.com/news...]]> http://seekingalpha.com/article/169103-how-to-play-the-gold-silver-ratio?source=feed#comment-734459 734459
Today so much silver is a by product of copper mining that holds the price down.
And the copper miners aren't going to reduce mining just because silver isn't selling "up to it's ratio".]]> Wed, 28 Oct 2009 16:29:18 -0400
Today so much silver is a by product of copper mining that holds the price down.
And the copper miners aren't going to reduce mining just because silver isn't selling "up to it's ratio".]]> http://seekingalpha.com/article/168722-future-or-no-future-siblings-molybdenum-and-nickel?source=feed#comment-730945 730945
If anyone doubts that it is speculators that have doubled the price of oil this year, look here.]]> Mon, 26 Oct 2009 13:32:02 -0400
If anyone doubts that it is speculators that have doubled the price of oil this year, look here.]]> http://seekingalpha.com/article/168875-goldman-stockholders-what-chumps?source=feed#comment-730797 730797
The wonder is that so many people still don't get it.

A sucker is still born every minute.]]> Mon, 26 Oct 2009 12:28:26 -0400
The wonder is that so many people still don't get it.

A sucker is still born every minute.]]> http://seekingalpha.com/article/168783-why-a-gold-bug-isn-t-buying-gold-now?source=feed#comment-730793 730793
And the fed government has never printed money like they have in the last year.
What's the surprise?]]> Mon, 26 Oct 2009 12:26:22 -0400
And the fed government has never printed money like they have in the last year.
What's the surprise?]]> http://seekingalpha.com/article/168086-ackman-shorts-realty-income-but-is-it-a-good-idea?source=feed#comment-728562 728562
REIT's are required by law to distribute 90% of net income every year. Because the credit markets weren't working well this year,
the IRS made the decision to let them pay 90% of the dividend in stock.
This allows them to maintain their status as a tax favored REIT.

For the last 20 years the FED has bailed out the stock market after every crisis, now that so many people are underwater with their home mortgages, I believe gov. policy is to inflate real estate prices so people won't walk away from their houses.

This inflationary policy is evidenced by the stock market going up in an extraordinary manner the last 7 months.

Also in inflation in metal & oil prices.
Gold over $1,000, copper over $3, oil over $80

Companies with real assets and a lot of debt will benefit from this trash the dollar policy.

As long as interest rates are low, this will continue.
When the FED starts raising rates, it'll be time to reevaluate.]]> Sat, 24 Oct 2009 15:07:24 -0400
REIT's are required by law to distribute 90% of net income every year. Because the credit markets weren't working well this year,
the IRS made the decision to let them pay 90% of the dividend in stock.
This allows them to maintain their status as a tax favored REIT.

For the last 20 years the FED has bailed out the stock market after every crisis, now that so many people are underwater with their home mortgages, I believe gov. policy is to inflate real estate prices so people won't walk away from their houses.

This inflationary policy is evidenced by the stock market going up in an extraordinary manner the last 7 months.

Also in inflation in metal & oil prices.
Gold over $1,000, copper over $3, oil over $80

Companies with real assets and a lot of debt will benefit from this trash the dollar policy.

As long as interest rates are low, this will continue.
When the FED starts raising rates, it'll be time to reevaluate.]]> http://seekingalpha.com/article/167964-the-importance-of-volcker?source=feed#comment-727619 727619 The cost of capital is a cost of business.
Just like labor or materials.

The error is in taxing dividend payments.
Debt & equity should have the same tax treatment.

As for low tax receipts from corporations,
that's because of all the tax loopholes the lobbyist's have gotten from a corrupt congress.]]> Fri, 23 Oct 2009 16:03:48 -0400 The cost of capital is a cost of business.
Just like labor or materials.

The error is in taxing dividend payments.
Debt & equity should have the same tax treatment.

As for low tax receipts from corporations,
that's because of all the tax loopholes the lobbyist's have gotten from a corrupt congress.]]> http://seekingalpha.com/article/166284-opportunities-in-dual-share-classes?source=feed#comment-727612 727612 stocks.investopedia.co...

" you'd assume that Federated's total shareholder return would be exceptional.
It isn't. In fact, it lost 16.8% for shareholders over the last three years.

Then who's the beneficiary of this supposed wealth creation? The Donahue family is. It holds all 9,000 class A shares in the company, which are the only ones with voting privileges.

Controlling the board with just 9.4% of the class B stock, the Donahue clan occupies the top three jobs at the company, receiving $30 million in total compensation in the last three fiscal years.

That's wealth of the wrong kind. (Learn about voting privileges in Knowing Your Rights As A Shareholder.)""""]]> Fri, 23 Oct 2009 15:58:18 -0400 stocks.investopedia.co...

" you'd assume that Federated's total shareholder return would be exceptional.
It isn't. In fact, it lost 16.8% for shareholders over the last three years.

Then who's the beneficiary of this supposed wealth creation? The Donahue family is. It holds all 9,000 class A shares in the company, which are the only ones with voting privileges.

Controlling the board with just 9.4% of the class B stock, the Donahue clan occupies the top three jobs at the company, receiving $30 million in total compensation in the last three fiscal years.

That's wealth of the wrong kind. (Learn about voting privileges in Knowing Your Rights As A Shareholder.)""""]]> http://seekingalpha.com/article/167854-goldman-bonuses-based-on-socialist-policies-not-capitalism?source=feed#comment-724065 724065 So far, he's done nothing.
If these $33 million dollar bonuses were taxed at a higher rate,
the scoundrels wouldn't have such a rich haul.

At least social security taxes should be paid on all income,
only taxing the first $97,000 is a real give away.]]> Wed, 21 Oct 2009 16:04:54 -0400 So far, he's done nothing.
If these $33 million dollar bonuses were taxed at a higher rate,
the scoundrels wouldn't have such a rich haul.

At least social security taxes should be paid on all income,
only taxing the first $97,000 is a real give away.]]> http://seekingalpha.com/article/167732-wynn-resorts-unfavorable-conditions?source=feed#comment-723957 723957 any forecasts as to how that'll impact Macau casinos?]]> Wed, 21 Oct 2009 15:19:47 -0400 any forecasts as to how that'll impact Macau casinos?]]> http://seekingalpha.com/article/167275-toward-a-new-theory-of-the-cost-of-equty-capital?source=feed#comment-721011 721011
First you quote Merton:
"since the equity holders have the put option of giving the debt holders the firm if things go bad,
but the equity holders have all of the upside if things go well."

Then you say:
"As for common stocks, they should trade at an earnings or FCF yield greater than that of the highest after-tax yield on debts and other instruments."

Are you forgetting to value that Put option?
Having all the upside, even if it often doesn't realize, is worth a lot.

Enough that I rarely buy bonds.]]> Mon, 19 Oct 2009 16:37:25 -0400
First you quote Merton:
"since the equity holders have the put option of giving the debt holders the firm if things go bad,
but the equity holders have all of the upside if things go well."

Then you say:
"As for common stocks, they should trade at an earnings or FCF yield greater than that of the highest after-tax yield on debts and other instruments."

Are you forgetting to value that Put option?
Having all the upside, even if it often doesn't realize, is worth a lot.

Enough that I rarely buy bonds.]]> http://seekingalpha.com/article/167217-inflation-and-the-hierarchy-of-needs?source=feed#comment-720818 720818 Productive borrowers, ie business's looking to expand,
or people looking to buy a home to live in,
are very sensitive to increasing interest rates.

Speculators on the other hand,
are very much less affected,
in their mind, their speculation is going to make
50% or more in a year, so who cares about the difference
between a 5% and 6% interest rate?

Can the FED set different rates for speculators?
I don't think so.]]> Mon, 19 Oct 2009 14:27:17 -0400 Productive borrowers, ie business's looking to expand,
or people looking to buy a home to live in,
are very sensitive to increasing interest rates.

Speculators on the other hand,
are very much less affected,
in their mind, their speculation is going to make
50% or more in a year, so who cares about the difference
between a 5% and 6% interest rate?

Can the FED set different rates for speculators?
I don't think so.]]> http://seekingalpha.com/article/166752-horsehead-no-longer-the-zinc-value-it-once-was?source=feed#comment-716736 716736 I sold my zinc also,
thanks for sharing your thoughts.]]> Thu, 15 Oct 2009 16:31:43 -0400 I sold my zinc also,
thanks for sharing your thoughts.]]> http://seekingalpha.com/article/166679-clues-from-the-options-market?source=feed#comment-716728 716728 now what stocks have you screened and found changing volatility?

I know beta is the product of 2 numbers, so it's a bit flaky,
but to what extent is there a relationship between beta and
implied volatility?]]> Thu, 15 Oct 2009 16:22:06 -0400 now what stocks have you screened and found changing volatility?

I know beta is the product of 2 numbers, so it's a bit flaky,
but to what extent is there a relationship between beta and
implied volatility?]]> http://seekingalpha.com/article/166574-cit-group-to-move-on-after-peek?source=feed#comment-716645 716645 Thu, 15 Oct 2009 14:47:08 -0400 http://seekingalpha.com/article/166724-why-cheap-and-ugly-can-be-beautiful?source=feed#comment-716642 716642 Thu, 15 Oct 2009 14:44:09 -0400 http://seekingalpha.com/article/166284-opportunities-in-dual-share-classes?source=feed#comment-714514 714514
I've forgotten the names of the companies,
but there have been several where the low vote stockholders got the short end when a takeover occurred.
I won't buy that kind of stock.

Berky is not in any of the indexes"""""
That is especially strange, because on many day the dollar value of berk stock traded makes it the number one
dollar volume leader of the day.
]]> Tue, 13 Oct 2009 21:42:19 -0400
I've forgotten the names of the companies,
but there have been several where the low vote stockholders got the short end when a takeover occurred.
I won't buy that kind of stock.

Berky is not in any of the indexes"""""
That is especially strange, because on many day the dollar value of berk stock traded makes it the number one
dollar volume leader of the day.
]]>