Seeking Alpha

31October

31October
Send Message
View as an RSS Feed
View 31October's Comments BY TICKER:
Latest  |  Highest rated
  • Consider Vale On Increased Demand Of High-Grade Iron Ore [View article]
    I've been all over Europe, mostly Germany. I burst out laughing when I read about the things that are "free" there. If protectionism, $5 bread, $7 Coke, and $7 petrol, and 71% of all earnings being stolen by politicians is free, then I choose the prison of low taxation and regulation.
    Mar 7 12:12 PM | 1 Like Like |Link to Comment
  • Why Target Must Accept Bitcoin Like Zynga And Before Walmart Or Amazon [View article]
    He had my previous comment, which agreed with you, deleted, but it was still in cyberland: "You lost me when you said that all other payment processors are obsolete.
    And when you got the details of the Lamborghini story wrong.
    And again when you said that one programmer could set this up in a few hours. You have no clue, and I mean NONE, about what goes into payment processing and bookkeeping. It would take teams of programmers to work with business fiscal analysts to prepare. Once payment was set up, it would require daily reconciliations due to currency fluctuations. And their bitcoins <cough, Mt. Gox, cough> still may not be secure.
    When they can convert to a real currency immediately on each transaction, they should accept it. But only one deposit is allowed per 24-hour period, in which time the value of their bitcoin sales might decline 10% on products with a 5% markup. That means Target would need to hedge every transaction against currency fluctuations.
    Should Target take it? YES. But the claims on here sound more like the claims of a lawyer or used-car dealer. Enterprise-wide payment security would be difficult, time-consuming, and expensive."
    Mar 6 10:42 AM | Likes Like |Link to Comment
  • Seadrill: A 10% High-Yield Alternative To REITs And MLPs [View article]
    I cannot take seriously an analyst who says that SDRL shouldn't pay any dividends because "IT IS" cash flow don't justify it.
    Mar 5 12:13 PM | 1 Like Like |Link to Comment
  • Why Target Must Accept Bitcoin Like Zynga And Before Walmart Or Amazon [View article]
    You lost me when you said that all other payment processors are obsolete.
    And when you got the details of the Lamborghini story wrong.
    And again when you said that one programmer could set this up in a few hours. You have no clue, and I mean NONE, about what goes into payment processing and bookkeeping. It would take teams of programmers to work with business fiscal analysts to prepare. Once payment was set up, it would require daily reconciliations due to currency fluctuations. And their bitcoins <cough, Mt. Gox, cough> still may not be secure.
    When they can convert to a real currency immediately on each transaction, they should accept it. But only one deposit is allowed per 24-hour period, in which time the value of their bitcoin sales might decline 10% on products with a 5% markup. That means Target would need to hedge every transaction against currency fluctuations.
    Should Target take it? YES. But the claims on here sound more like the claims of a lawyer or used-car dealer. Enterprise-wide payment security would be difficult, time-consuming, and expensive.
    Mar 5 11:43 AM | Likes Like |Link to Comment
  • Kinder Morgan Energy Partners LP Doesn't Skimp On Maintaining Its Pipelines [View article]
    Stop saving KMR-- I need to buy more!
    Mar 5 11:16 AM | 2 Likes Like |Link to Comment
  • Transocean Or Seadrill: Which One Will Reach $50 First? [View article]
    Cash from continuing operations went (very slightly) up, and so did current assets, so I added SDRL.
    Based on author's numbers, the debt/EV ratio for RIG is .47, and the EBIT/EV is .12, as opposed to debt/EV of .51 and EBIT/EV of .09 for SDRL. I'm long SDRL, but RIG has less debt and a better quick ratio.
    Feb 25 10:16 AM | Likes Like |Link to Comment
  • Piedmont Natural Gas: Safe Small Cap Utility For The Next Market Meltdown [View article]
    A $2.5 billion market cap is considered small-cap?
    Feb 12 02:14 PM | Likes Like |Link to Comment
  • 2013 Delivers Higher Dividend Income At Lower Prices To Preferred Stock Investors [View article]
    EdwardjK, if your broker allows free DRIP, keep reinvesting all the way down. I've done okay with preferreds, regardless of the market. I've been selling my common all 2013 and making small buys into arr-pb, psa-ps. I expect them to plummet in value over the next few years, and that crash in price is a GOOD thing. I hope to see the market value of all my preferreds -50% so that I can reinvest the dividends for a higher yield.
    Feb 11 01:36 PM | Likes Like |Link to Comment
  • Chemical & Mining Co. Of Chile: An Oversold High-Yielding Stock [View article]
    We are surrounded by Ford & Toyota hybrids, and lithium batteries are the way of the future. Anybody who expects to be alive in another decade would be wise to prepare. SQM's growth is higher than the market and commodity funds. If y'all have failed half as much as I have and ever wished for a crystal ball, those crystal balls are in every hybrid, electric, iPhone, tablet, laptop, and digital timer. Even the fertilizer units will benefit, as urbanization continues in developing countries and farmers are displaced by farming conglomerates. The macro trends for SQM are lined up like dominoes, and even if management loses half the opportunity, the leftovers should exceed the market.
    I'm not a daytrader, and I should hopefully be alive in 10 years, so the 3-year collapse in price looks like a double-down point to me.
    Feb 5 01:25 PM | 1 Like Like |Link to Comment
  • Chemical & Mining Co. Of Chile: An Oversold High-Yielding Stock [View article]
    "...dumb US investors..."
    These are my largest dumb holdings. Their value comes from what they extract and create, so dumbness paid for 2/3 of my homes: http://bit.ly/1frNWxn
    Feb 4 12:57 PM | 1 Like Like |Link to Comment
  • 5 Beat-Up, Solid Dividend Growth Stocks [View article]
    If your broker allows free DRIP plans, then something like PM (which I just bought) can pay off in the long term. I assume the markets will go down, so my average price/share will, too.
    The same would be true with the other good recommendations, but I would add ESV (will buy) and CVX (already have).
    Feb 3 02:20 PM | Likes Like |Link to Comment
  • Vale: Undervalued But Risky [View article]
    $22 is a silly dream, but Vale is still a terrific value play.
    Jan 22 10:00 AM | Likes Like |Link to Comment
  • Vale SA: Strengthening Asia And Peeping Into The U.S. [View article]
    $17, plus it pays a dividend... I have open buy order at $12.99 now.
    Long Vale!
    Jan 22 09:59 AM | Likes Like |Link to Comment
  • North American Palladium's Operating Guidance: More Bad News [View article]
    The CEO's job is to make bullish comments, so those are irrelevant.
    82.16% chance of bankruptcy for PAL: http://bit.ly/1d4MTnt
    vs.
    32.96% for SWC: http://bit.ly/1d4MTnv, plus PAL's quick & current ratios are too low to survive any big increases in obligation...
    ...which they just took on.
    Jan 15 09:53 AM | 2 Likes Like |Link to Comment
  • Precious Metals: Is It Time To Exit? [View article]
    Whenever I see "the price has collapsed- it's time to get out," I think, "The price has collapsed- It's time to jump in."
    Buy fear.
    Jan 14 10:12 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
456 Comments
653 Likes