mickelsson

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  • The Problem With Accounting Book Value  [View article]
    David, I've read your articles for several years now. When the bull was running full tilt, your warnings about quality were hard to hear above all the champagne corks popping. Now that we've all gotten a dose of reality and the fizz has gone flat, I hope more will listen to your solid, prudent advice.
    Jan 30, 2016. 02:23 PM | 1 Like Like |Link to Comment
  • How Cheap Can Equities Get? How Cheap Are They Now?  [View article]
    @RS055. "There are two universes of stocks . . ."

    Your oversimplification ignores probably 80 - 90% of the equity market, where rational analysis can reveal opportunities. Seeing the world in binary extremes (it's either a darling or it's a loser) can also blind you to useful, actionable advice, like that regularly provided by Peter F. Way.
    Jan 24, 2016. 02:52 PM | 3 Likes Like |Link to Comment
  • BDC Buzz Begins 2016 Purchases  [View article]
    @User 11618451: If you follow the links that Buzz provides in the final paragraph, they lead to web pages that include dozens of articles, research reports, graphs, etc. You might especially want to note that the links on these pages include "Free monthly newsletter" and "Free BDC research."

    Generally, it's a good idea to understand what someone is offering before making accusations. BDC Buzz has been incredibly generous with his expertise and his recommendations, helping me and many others here to increase our financial returns.
    Jan 24, 2016. 01:45 PM | 12 Likes Like |Link to Comment
  • A Red State Market Rally  [View article]
    Dana, I'm a fan of your articles, but this one is just too anecdotal. What you happen to see on a drive-around may tell me something about a section of Georgia, but not much about companies with national and international presence.

    If I'm looking at WalMart, I care much more about the impact of their closing 269 stores and what they'll do about their failed foray into Brazil than about how many cars are in their parking lot in West Snowshoe, Wyoming.

    If I drive around my area, I see lots of Bernie Sanders signs, but I'm not going to short "big banks" based on that.
    Jan 17, 2016. 05:35 PM | Likes Like |Link to Comment
  • The Perfect Storm Is Here: Managing Your Wealth Will Be The Hardest Thing You've Never Done  [View article]
    Mr. Bostrum's hedge fund registered the internet domain name <marketcrashhedgefu... in 2012. The charitable-minded among us might say that his firm was planning ahead. The less generous might say that he is a disappointed Austrian school perma-bear who can't bring himself to believe that expansionist monetary policies could possibly work. Either way, sharing his fund's performance or at least some specific recommendations would make this article seem less like a marketing pitch.
    Dec 5, 2015. 09:42 PM | 1 Like Like |Link to Comment
  • Is The S&P 500's 200-Day Providing Some Insight?  [View article]
    Hey, @threecheesefondue, thanks for the definition of "lame." Without that, it might be difficult to understand your highly sophisticated refutation of CC's technical analysis.
    Nov 16, 2015. 10:17 PM | Likes Like |Link to Comment
  • Corning's Recent Retreat Is An Excellent Entry Point  [View article]
    I'm with you on this one, Arie, for all the reasons that you so clearly lay out. I went long two weeks ago when the price was in the cellar. Thanks for another well-written, well-reasoned article.
    Sep 14, 2015. 10:21 AM | 2 Likes Like |Link to Comment
  • Corning's Recent Retreat Is An Excellent Entry Point  [View article]
    @SkyD: " It closed on September 1, 2005 at $19.33." That may be a good reason not to buy it in 2005, but not much of an argument about whether it's a bargain at $17.00 in 2015.

    As for the high beta (2.0), I know that's seen as a detriment by some buy-and-hold and DG investors, but it also represents a broader range of trading opportunity.

    I'll take "whiz-bang" technology and growing market share at a P/E of 8.5. This is a busted stock, not a busted company, and as Arie's article makes clear, currently presents a real opportunity.

    Long GLW at $15.50.
    Sep 14, 2015. 10:14 AM | 5 Likes Like |Link to Comment
  • Capstone Infrastructure: Undervalued Power And Infrastructure Company Offers Significant Upside  [View article]
    Excellent analysis, SRH. I'm glad you mentioned the management, who don't often get recognized for their abilities. Their acquisitions have been excellent, and they have negotiated very well with regulatory bodies and provincial governments. And when negotiation hasn't worked, the company has filed and won some strategic, well-reasoned cases.

    I bought MCQPF when it dropped to 2.50 USD, and added more when it declined another 10%. The Canadian dollar [CAD] may have another 20% to drop against the dollar, but if it does I'll add more MCQPF. With strong management, long-term power purchase agreements, a growth industry, and the eventual rebound of the Canadian dollar, I think there's a lot of potential upside here, with an attractive div while we wait.
    Thanks for the article, Spy Hill; you have a new follower.
    Sep 4, 2015. 11:52 AM | 1 Like Like |Link to Comment
  • Why Energy ETFs Are Now A No-No For Wealth-Building Investors  [View article]
    Wow, @Placebo, if you actually do give investment advice, I hope you read 10-Qs more carefully than you read this article.
    Aug 29, 2015. 08:15 PM | 1 Like Like |Link to Comment
  • Prospect Capital: Q4 2015 Update - 4 Critical Issues  [View article]
    re: "Why doesn't Prospect use PWC / Deloitte / E&Y instead of BDO? Is Lincoln the cheapest investment bank to do independent 3rd party valuations? How is it so off from competitors? What do competitors use?"

    @Cauchy: Those would have been good questions for you to research before you posted this article. Although it's always easier to imply some conspiracy.

    Disclosure: small holding of PSEC (1% of portfolio)
    Aug 29, 2015. 03:46 PM | 6 Likes Like |Link to Comment
  • Dynex Capital: Still A Solid Buy At Sale Prices  [View article]
    A good discussion of the current situation, CWM. The stock buybacks should help reduce the discount to book value, and also restore some investor confidence in management. (Although I'll bet you'll get plenty of comments from those who don't trust the management.)
    Aug 28, 2015. 02:51 PM | 3 Likes Like |Link to Comment
  • Tesla Announces Model S Cars Get Driven Less Than What The Average U.S. Driver Drives  [View article]
    Thanks, @Paulo Santos: Readers can always rely on your articles and your comments to be a snark-fest. Solid investment advice, not so much. And adding to the hilarity this time was your statement "I didn't mean to write an article on Tesla so soon." Now that's funny!

    No position in TSLA, but short patience for click-bait.
    Jun 27, 2015. 03:42 PM | 2 Likes Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth  [View article]
    @milbank: Well, this is definitely strange. Here's the url if you want the article.

    http://bit.ly/1e65zZj

    If PSEC management is really trying to censor this article, they're doing a lousy job. Another example of managerial incompetence? ;-)
    Jun 11, 2015. 01:21 PM | 1 Like Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth  [View article]
    @incredulous: Since I hadn't looked at the Investopedia article before, the caching explanation seemed unlikely. But--being somewhat incredulous myself--I went to a different computer, not networked with mine, cleared the cache (unnecessary, but why not be thorough?), and searched using a slightly different search string on an obscure search engine (Lycos): Bingo, up pops the full article. Just for giggles, I went to another non-networked computer, cleared the cache and used Yandex, the Russian search engine: Bingo again! That pretty much disqualifies CPU, disk, and web caching as explanations for why I can still access the article.
    Unless, of course, the Russians are in on it . . .
    Jun 11, 2015. 12:38 PM | 2 Likes Like |Link to Comment
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