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31October

31October
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  • Double-Digit Yields From This Diversified ETN Of Closed End Funds [View article]
    I would regard the turmoil in the market as the perfect time to buy. If my current lowball bid executes, but the market then crashes, the dividends will be reinvested at ever-lower prices for higher yield.
    Aug 6 06:28 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Preparing For The Unknowns [View article]
    My state job and spouse's corporate job doubled premiums in ten years. The deductibles have doubled.
    Treatment costs have very much gone up. The first time I took a kid to the ER for x-rays & staples to a busted head was $850 out of pocket seven years ago. My recent trip to the ER for no treatment, other than to be told that passing out and seizures were normal, was over $1,000, and the hospital had written down almost 50% of the original charge per the insurance contract.
    In that seven years, the hospital completed a massive multi-billion dollar expansion, formed a semi-monopoly, and is now trying to take over EMS. This trend is not specific to my town; we are behind this curve. Overexpansion, milking the system, and rising medical expense has been a nationwide epidemic. ACA rates were set based on the assumption that everybody bought insurance. They didn't, and actuarials have predicted that rates will shoot up within two years. I find this to be inflated but almost accurate http://onforb.es/18j3P8a. There is talk in the Senate of much bigger subsidies to reduce the increase, but it would be funded with debt, thus more inflation, thus no improvement.
    Your excellent article is correct, and I have been slowly transitioning from a trader to DGI for a few years. But inflation will be worse than people are prepared for.
    Aug 6 12:34 PM | 5 Likes Like |Link to Comment
  • Show Me The Money: The Perils Of REIT ETF Investing [View article]
    Depending on a person's broker, many EFTs are commission-free; that is a big deal to small investors. By selecting REIT funds with the safest top holdings in the fund portfolio, and buying as little as one share at a time, all the way down, the investor can lower his average cost. Buying in small amounts, the buyer takes advantage of market fluctuations, and the expense ratio costs less than multiple commissions would.
    Aug 4 09:58 AM | 4 Likes Like |Link to Comment
  • Re-Evaluating My SeaDrill Limited Holdings [View article]
    Putin is openly creating pipelines connecting Iran, the Black Sea & Sea of Azov (invasion of Crimea & Georgia) to the Sea of Okhotsk...
    It is not a Trojan horse; it is a clear and blatant economic attack. If the US$ loses its status as the reserve currency for the oil trade, Americans will suffer terrible inflation.
    Investing in global natural resources & companies is the only way to protect yourself.
    Jul 30 11:24 AM | 1 Like Like |Link to Comment
  • Re-Evaluating My SeaDrill Limited Holdings [View article]
    Even if Europe temporarily imposes sanctions that affect Rosneft , thus NADL, thus SDRL, it would be a small impact, and China would flip the bird and buy oil anyway...
    Sanctions are just buying point for me; I'm expecting a run-up in 2016.
    Jul 30 10:09 AM | 1 Like Like |Link to Comment
  • Windstream: Dividend Cut 30%, Stock Rallies 12% [View article]
    I spoke to a WIN employee last year about the business plan & dividend coverage, and he assured me that the CEO is committed to maintaining the dividend, no matter what. I sold anyway, which turned out to have been a good thing: WIN is creating the illusion of keeping a high dividend, but the stockholders will receive less overall nominal cash, plus have to pay higher taxes...
    Lesson learned: Ignore CEO cheerleading, and pay attention to payout ratio and cash flow.
    Jul 30 10:00 AM | 4 Likes Like |Link to Comment
  • Update: Seadrill Outstanding Shares Up 5% Post Bond Conversion [View article]
    I realized after looking at their comments on their profiles that it is the same person. The bright side is that Seeking Alpha appears to have actually banned API, so maybe it won't take them as long to ban PXLX.
    Jul 28 03:47 PM | 1 Like Like |Link to Comment
  • Update: Seadrill Outstanding Shares Up 5% Post Bond Conversion [View article]
    I assumed his "looking for an entry point" comment was there to describe the nature of his relationship with API.
    But I looked to see if they worked for the same hedge fund or advisory firm: API was banned 2 weeks ago, and now we have XLX posting dozens of times his fist day...
    I stand corrected; you are correct; it is the same person.
    Jul 28 03:40 PM | 1 Like Like |Link to Comment
  • Update: Seadrill Outstanding Shares Up 5% Post Bond Conversion [View article]
    He writes slightly differently. Probably API's intern at the same brokerage firm.
    Jul 28 03:33 PM | Likes Like |Link to Comment
  • Seadrill: High Dividend And High Debt [View article]
    To say that a driller using high-tech, ultra-deepwater capability to service megacap customers in global deals is not a serious company is a pretty strange thing to say. But that was beat with the second part, where the company is just there to make money:
    GASP!
    Jul 24 07:37 PM | 1 Like Like |Link to Comment
  • Seadrill: High Dividend And High Debt [View article]
    The only time I lost a lot of money was by timing the market, and it took a lot of pain (and commissions) to accept that people are insane and that I should ignore the market.
    Now, I pick companies that I can live with till death, so if they go far into the red, I buy again. All but 3 of my portfolio are green now. SDRL could probably go down a lot until the rates shoot up in 2016. It's just a new buying point, because ultra deepwater oil is a big deal...
    Stress levels down, commissions paid down, and lots of green on the screen: I wish I had been buy & hold decades ago.
    Jul 21 11:56 AM | 2 Likes Like |Link to Comment
  • Tesla: Before And After The Model S [View article]
    This article was not researched.... It says that Model S sales rose "possibly because of the introduction of the cheaper 40kWh version." The *real-world usable* range was so bad that Tesla steered customers away, and finally decided to NOT produce them at all. http://bit.ly/1fO2AEL The article implies that Tesla did not respond to the fires. Not only did Tesla "look to issue statements over the recent crashes as soon as possible," they went to every form of media and are issuing free retrofits: http://bit.ly/1dBtD4L and http://bit.ly/1dBtD4L, in addition to sending out an app update to raise the suspension height. The article deceptively implies that profit come from auto sales. Tesla's profits come from selling carbon tax credits: http://bit.ly/WdpYmi, and http://bit.ly/WdpYmj and http://bit.ly/WdpYml plus, on the cars, they use non-GAAP to inflate current revenue http://wrd.cm/WdpXyJ
    Jul 14 05:37 PM | 4 Likes Like |Link to Comment
  • Seadrill: Cash Flow Doesn't Support Dividend [View article]
    Any thought on this?
    Jul 03, 2014 09:34:00 (ET)
    Hamilton, Bermuda, July 3, 2014 (GLOBE NEWSWIRE) -- Seadrill Limited ("Seadrill") and SapuraKencana Petroleum Berhad ("SapuraKencana") today announced that their jointly owned entity Sapura Navegação Marítima ("SNM") has commenced operations of its first pipe-laying support vessel ("PLSV") - Sapura Diamante - for Petroleo Brasileiro S.A., Brazil, ("Petrobras"). The contract is for a period of five years with an extension option for an additional five years. Total revenue potential for the firm contract period is estimated at US$445 million.
    Per Wullf, Seadrill CEO commented, "The commencement of the vessel Sapura Diamante represents the first of six units contracted with Petrobras under the SNM joint venture and is a testament to the efforts of our partnership with SapuraKencana.
    Through the successful cooperation between Seadrill, SapuraKencana, and IHC Merwede we have been able to commence operations three months ahead of schedule, demonstrating our commitment to deliver high quality units that are focused on safe and efficient operations. The resulting growth in our operating fleet in Brazil highlights our intent to increase our footprint in the region and continue developing strong local presence in the South American market."
    This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
    Sapura Diamante http://bit.ly/1mbDMXq
    Jul 3 10:30 AM | Likes Like |Link to Comment
  • Iraq in flames again, rebounding oil industry threatened [View news story]
    Don't regret it, if it was made with the information and PERCEIVED choices you had at the time. It is good to learn from experience, but the worst mistake one could ever make is to assume that the alternative is be to embrace the other party, which is just as corrupt.
    Ignore trash-pop media: There are more than 2 parties. In fact, there is currently ONE party, the Corrupt Government Party, and it has two marketing divisions, the Democrats and Republicans.
    Every face on Mt. Rushmore was a 3rd party at one time. Until the greedy little piglets in Congress are forced off the ratepayers' sore teats be people who refuse the false dichotomy, they will continue to suck us dry.
    Jun 27 07:23 PM | Likes Like |Link to Comment
  • Report: Oil going through distillation tower not impacted by crude export ban [View news story]
    Use of government regulation (and its resultant coercion) to dictate winners/donors and losers/opposition is the antithesis of free market.
    Jun 27 07:14 PM | 12 Likes Like |Link to Comment
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