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  • The Shocking Truth About Share Buybacks [View article]
    Dear Mr. Carnevale:

    Your article is well written and extremely unbiased. Thank you for writing it and sharing your views. Frankly, it delved deeper than my understanding of the topic does. I really appreciate that as I struggle to understand it.

    Personally, I have never invested in a stock with a buy back that didn't come to bite the investor later on. At least, that's been my perception, my hunch; the company is too big to grow and needs fresh management ideas, the management team benefits greatly and the shareholder does not, the stock price doesn't stay up afterward, etc. Or, there is something large looming, like unfunded pension expenses, yet the company doesn't address that issue while it busily does a buy back instead.

    And I have to tell you, I want a management team to share in the bounty produced by their hard labor when they make a company profitable and sound. What better reward is there than appropriate remuneration?

    I have a question which may or may not be pertinent, I'm not sure.
    My question is:

    Is there a record of which companies actually came back to the table after a buy-back to float additional shares later?
    Here is what I'm getting at: I have no statistics to prove this, perhaps it is my own personal aversion to buy backs, but don't companies bolster share price with a buy back, only to feast at the trough by floating
    additional shares at a fixed lower price, or structuring with new issue coupled with warrants and options within a few years time, after completing rounds of buy-backs? Do some companies cycle between issuing shares and then buying it back? And, if that is true, how do we find out which companies do this habitually?
    Thank you.

    optionsgirl
    May 7, 2015. 01:43 PM | 1 Like Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    I don't understand your comment, Freya. I agree that "lowest cost producers pick and choose amongst the rubble" ( I am giving you the benefit of thinking this is not really a comment about the ruble, lol). But I don't understand what you mean by "indefinite". Relative to what measure? As an example, Gold is down from $1900 but up from $300+/- where it spent two decades +/-, depending upon what time frame you are analyzing. Likewise, there was a time when sugar fell to 2 cents. Of course, it could not stay there. There was a time when cocoa fell from 1500 to 800. It did not stay there, and the producers that stayed in business did not remain unprofitable.
    What does your comment mean? Gold producers were not unprofitable for those two decades. Where does the description "indefinite" fit in? Please, explain. Regards, OG
    Mar 22, 2015. 02:46 PM | 3 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    correction ( Bad memory!): The drop was 42% from $23 to $13 during the period 1997-98. Here is an interesting article about the four biggest historical drops in crude prices:

    http://bit.ly/1xn2f4E
    Mar 20, 2015. 06:32 PM | 3 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    WT-The worst part was, even though I had a stop loss on my order, it sailed right through the stop loss and took two days before I could get out of the contract. My Broker laughed ( not a hearty laugh-an ironic one) and told me that all of his clients got out where the stop loss was set except two, and I was one of the unlucky two. That was when I resolved to use options, to hedge, and to stay away from such highly leveraged transactions.
    Mar 20, 2015. 06:24 PM | 3 Likes Like |Link to Comment
  • Quickchat #279, March 19, 2015 [View instapost]
    Re: Gartman
    The last time I thought "that will never happen" was when nat gas went from $15 to under $3.00.
    I was long crude when it fell to $16 per barrel in the late 1990s. Ouch. As I recall, it was also in the $40's per barrel when the fall began.
    That was an expensive lesson.
    So, while I have my doubts, I wouldn't presume to know how low it could go. I'd be careful shorting it though.
    All I know is this:
    When commodities go below the cost to produce them it is temporary( unless kept there by government suppressing price.) We must watch the chart to attempt to find a bottom, then wait until that bottom is confirmed with a 1-2-3 (or head and shoulders chart formation) and then go long. Ka Ching! ( I'm kinda old, so my cyber cash register still rings.LOL.)
    Mar 20, 2015. 05:49 PM | 8 Likes Like |Link to Comment
  • Prospect Capital Corp.'s Dividend And NAV Sustainability Analysis (Post Fiscal Q2 2015 Earnings) - Part 2 [View article]
    I am referring to the etf/etns or even a closed end fund where one incurs additional fees to participate, and generally those generate less dividend income. Thanks for giving me the opportunity to clarify the comment, Be Here Now.

    I understand not everyone admires PSEC's management team. However, I feel confident enough in the investment to put some of my hard-earned cash in their hands. I speak only for myself.
    Mar 20, 2015. 02:17 PM | 2 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator January 1, 2015 To ?? [View instapost]
    Greetings, friends. Check out Prothena Corp (PRTA)
    Caution: Risky, it had good news on its Parkinson's phase 1 trial and went up over 40% after hours (crazy, because it was in the high twenties.) Credit Suisse analyst J Kantor just wrote a piece estimating it should rise to $53.
    Here is some information about the announcement:
    http://bit.ly/1xEXu0G
    Mar 20, 2015. 07:07 AM | 5 Likes Like |Link to Comment
  • Prospect Capital Corp.'s Dividend And NAV Sustainability Analysis (Post Fiscal Q2 2015 Earnings) - Part 2 [View article]
    I just picked up some PSEC at $8.41. I view their portfolio to be as good or better than many etf's or etn's without paying a separate fee for active management. When it fell to the low eights, when they reduced dividend, it was a screaming buy. It's still a very good buy, imo.
    Mar 19, 2015. 09:43 PM | 6 Likes Like |Link to Comment
  • Swine Flu, MERS, Ebola And Medical News Concentrator January 1, 2015 To ?? [View instapost]
    Here's a new deadly virus, passed by a tick, called the Bourbon Virus

    http://yhoo.it/1CZyZwR
    Feb 22, 2015. 01:39 PM | 5 Likes Like |Link to Comment
  • QuickChat #277, January 7, 2015 [View instapost]
    LT when I hit the link it didn't bring up a chart, it brought up another page with many links.
    Could you reference the chart again, please? I am particularly interested in the diamond pattern. What are you looking for with this pattern, and where can I find the chart? Thanks. OG
    Feb 2, 2015. 09:48 PM | 4 Likes Like |Link to Comment
  • Stability Of The European Union (23) January 1, 2015. [View instapost]
    Regarding Russian/Greek influence on each other:
    http://bit.ly/1BKZacG

    The above linked article by Liam Halligam in the Telegraph really opened my eyes as to how intertwined the Greeks and the Russians really are--including Greece voting against other EZ countries to continue sanctions against Russia; the sanctions are set to expire in March.

    Rattie, may I again express my admiration for your persistence and careful study of the EZ these past few years? Thanks so much for keeping the flame lit, here and on the "swine flu"/ biotech/pharma QC. Good stuff!
    Jan 31, 2015. 08:12 PM | 3 Likes Like |Link to Comment
  • QuickChat #277, January 7, 2015 [View instapost]
    First CA county to declare a fiscal emergency due to low oil prices ( but note what they can't pay toward the pensions they owe):
    http://yhoo.it/1tv3RqC
    Jan 28, 2015. 11:01 PM | 7 Likes Like |Link to Comment
  • QuickChat #277, January 7, 2015 [View instapost]
    Thanks, Mark for your link and confirmation.
    According to that Collen Roche article I linked, 47% of the swiss bank is owned by individuals!

    Can you imagine owning the fed and getting paid 6% dividends? Astounding.
    Jan 25, 2015. 12:00 AM | 5 Likes Like |Link to Comment
  • QuickChat #277, January 7, 2015 [View instapost]
    Re: Swiss depegging, is this true, that their central bank has private owners and the central bank pays dividends???

    http://bit.ly/1D1jkio
    Jan 23, 2015. 11:28 PM | 4 Likes Like |Link to Comment
  • QuickChat #277, January 7, 2015 [View instapost]
    You know, there is another central bank "easing" and that is Canada! they cut the rate on Wednesday, and nobody expected it.

    http://yhoo.it/1ySy4iE-
    Jan 23, 2015. 12:51 PM | 6 Likes Like |Link to Comment
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