lickety split

11 Comments

    • Read It and Weep for the USA [view article]
      mpower: the institutions are not wealthy - they are insolvent. those who ran them in overdrive and for immediate benefit and without regard for their long term viability or for society in general are, by virtue of the expansive salaries and bonus reaped by them up to their collapse, wealthy.

      oh and by the way kudos also to the IRS for shutting down and prosecuting the fraudulent tax shelters peddled by so called 'prestigous professional firms'.       Sep 21 02:53 PM
    • Read It and Weep for the USA [view article]
      it is the final wall street pump and dump - with the clamp down on corporate corruption and the fraudulent ipo's that would be engineered to zoom up 300% in one day, so that wall street insiders could dump their shares on an unsuscpecting public, wall street was left with one alternative - lobby gov't to allow for lax regulation, run their existing business to maximum leverage - collect the biggest bonuses possible, and then when the whole thing inevitably becomes unravelled, throw it all on the taxpayer's lap and get the country's credit rating downgraded. This has been a failure of democracy. Ladies and gents it is time for a strong leader who will lead the implementation of regulatory reforms that are RIGHT though perhaps NOT POPULAR with the power washington lobbists... wall street found a way to effect one last pump and dump... and NYC is in my view now starting to be viewed as one big boiler room.. time has come for final and definitive regulatory overhaul -

      i will however give credit to bush for his corporate fraud task force - that and the dept. of justice have done a good job and did restore some faith in the system.       Sep 21 01:28 PM
    • How Bernanke Stunned Congress with the Truth [view article]
      i love you mish keep up the good work Sep 20 01:35 PM
    • Does Valuation Matter? [view article]
      "the market can stay irrational longer than you can stay solvent" Jul 04 10:45 AM
    • High-Yield Canadian Royalty Trusts: What's the Catch? [view article]
      just another comment on conglomerate trusts and npf-un.to - valuation on these units are imho way irrationally depressed becuase (a) tax confusion, and (b) market sentiment, and (c) analysts have pissed all over the npf conglomerate vehicle, by applying 20% or 30% NAV discounts - i didn't listen to analysts when they told me to buy nortel at $120 pre-reverse split and i'm not listening to analysis when they beat up on some vehicles/issuer becuase they are not getting enough investment banking business from them... if i can buy something at 4x cash flow with heavy insider ownership and which in my personal assessment has significant upside catalyst to cash flow i will buy and i will buy it all day long - there is alway a chance something can blow up though the diversified stable of busiensses obviously helps mitigate that - its a calculated risk that is for me is within my risk parametres.

      also these guys ipo'd at 10$ and 9$ a unit, and bonds were issued at $100 face value all within the last three years - there has been nothing fundamental that has changed that should precipated the value decline of this magnitude in both the units and the bonds...

      as indicated i am still marginally underwater BUT after talking with management and scrubbing the financials and seeing the insider buys and the issuer buy back i think i'm starting to realize that there really is nothing i am missing and that this thing is simply mispriced.       Jun 28 12:18 PM
    • VIX Is Complacent, Despite New 2008 Dow Low [view article]
      interestingly i believe the S&P oscillator and the bull / bear ratio are flashing oversold (i.e. cover your short)... the vix will usually move in tandem with these Jun 27 08:49 PM
    • High-Yield Canadian Royalty Trusts: What's the Catch? [view article]
      oh and one other comment - the 2011 tax IS a done deal believe me there is no going back Jun 27 08:27 PM
    • High-Yield Canadian Royalty Trusts: What's the Catch? [view article]
      funny thing is i am underwater on my newport taking into account my distribution but won't be for long - i am somewhat baffled by the value some of these trusts - i have to believe that the 2011 tax changes have driven this - non-canadian investors have dumped the units on mass due to the 2011 tax that will cut returns by 25% or so .. and Canadian investors are simply confused by the tax systems and probably don't appreciate that when held in your taxable (non-pension account) that you will be getting a tax credit for any corporate tax paid... this imho has created an unbelievable opportunity for resident of canada and in the case of newport i see significant catalysts to the upside in free cash flow - i.e. increased natural gas drilling due to price moving from about $4 to $13 for nat gas re their oil service companies - i like the diversified conglomerate heavy insider model - in about 4 years my units will have been fully paid off and i will have a peice of these heavy insider ownership busiensses for free... Jun 27 08:17 PM
    • 7 Stocks for a High Yield Cash Flow Portfolio [view article]
      oops ticker is npf-un.to on yahoo finance, not npf.to y'all - they also have some low liquidity bonds with 7 to 7.5% yield trading at nice discounts to issue price y'all, with effectve yeilds of 13%+ y'all debt is trading like its distressed and i don't get it y'all

      my position for purpose of full disclosure
      long the units hand over fist y'all and also long the series a and series b bonds y'all       Jun 24 10:53 PM
    • 7 Stocks for a High Yield Cash Flow Portfolio [view article]
      check dis one out y'all - npf.to on yahoo finance, or newport partners income fund...yielding 19.28 % with a payout ratio of about 85% (yes that means they are generating free cash flow materially in excess of their distributions y'all which they are using to pay back debt and buy back units y'all... they are a buffet style conclomerate with a portfoglio of about 17 VERY HIGH QUALITY Canadian businesses their biggest positions are oil service companies and natural gas service companies and with ramp in natural gas these companies will be minting even more FFO y'all AND ALSO Y'ALL dividend tax coming into play at end of 2010 which gives u 2.5 years to ride this gravy train y'all and for all those fellow canucks out there (that means 'Canadians' to u yankees y'all) when corporate tax kicks in you'l get a full credit against your personal income taxes for an corporate tax paid y'all AND IF YOU GO to their website newport partners income fund you will see a yearly investor conference at the toronto stock exchange in which they make their case y'all for $6+ NAV and with units trading at 3.37 todays close y'all this is truly IMHO one underappreciated misunderstood and underfollowed opportunity y'all AND DID I MENTION INSIDERS HAVE HUGE HOLDINGS AND HAVE ALSO BEEN BIG BUYERS HAND OVER FIST Y'ALL????? Jun 24 10:42 PM
    • The Short Case On Garmin [view article]
      you also got grmn right - 75% of their business (the pnd segment) shoudl slowly blow up as the product becomes inevitably commoditized. All nokia phones are i believe to be gps enabled by y/e 2008. not sure where the floor on this company is but have been shorting from the 80s down to the 50s...unless the company is able to pull some majic out of its hat alla apple there should be significantly more downside from here... Mar 08 05:50 PM
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