werawc

Sovereign Debt Downgrades Won't Bring Down the Global Economy

If you buy only one Canadian Royalty Trust (PWE), you are not very diversified. Why not buy a closed end fund of Canadians that offers professional management (based in Canada), diversity, and sells at a slight discount to NAV. I own Brompton Oil and Gas Income fund, symbol OGF.UN on the TSX or BOGSF in America.

Chrysler's Bankruptcy: Union-Management Relationships Unlikely to Change in Detroit

I have wondered what the UAW really is. It is not really auto workers representing themselves. Is it a corporation, LLC, Non-profit organisation? Does it have a perpetual no-compete contract to represent auto-workers? Who is on the union board, who elects them? Who sets the rates of what the UAW is paid to represent the real auto workers? How many employees does the UAW have?. What are their salaries? Do they get laid off in proportion with the auto workers that get laid off? Why do auto workers even need this costly third party negotiator? All of my life I worked somewhere where the pay and conditions met with my approval, and if they did not, I worked somewhere else. Sometimes that meant retraining, learning new skills, or even moving. I have never understood the need for unions, I dont get it.

Commercial Real Estate Implosion Is Imminent

On my earlier comment on PSA I left out an important word: net. PSA has no net debt if you take the $572 million in cash they have and net it out vs their debt. In other words, they have enough cash on hand to extiguish their debt. Thus they dont face any rollover issues.

Commercial Real Estate Implosion Is Imminent

Come on, do some research. Not all apples have worms. On your list of
good shorts you include PSA, a REIT with NO, as in ZERO, bank debt.
How can it face debt rollover problems?

Why Thomas Properties Will Probably File for Bankruptcy in 2009

With this company looking so bad to you, even going back to when you started shorting it at $10, why do you think insiders have purchased so many shares in the open market?. Do you think they know more or less than outsiders like you and I? Why would Mr. Thomas keep buying at
$2 to $2.50 if it were such a dire situation?

IStar's Dividend Appears to Be in Jeopardy

Certainly the dividend will be reduced earlier than previously expected, but the share price by now should fully reflect this. Don't forget, the shares are down from over $50. As a long time follower and sometimes shareholder (since IStar took over Tri-Net Properties), I view this as a buying opportunity, and as such, have been buying in recent months. I expect to have to wait a year or two for a recovery, but the other side of the valley will be green in my opinion.

$125 Oil Not Sustainable for the Time Being

Rebeldog and Datalink1995 - If you read my 1st post (Werawc) above yours, I answered your question already. There is never a gap between supply and demand at the end of any day, there never will be. Price always bring the two together so: Supply = Demand. Both are variable every day, and price brings them together.

My point in my brief post was/is that for anyone, Boone Pickens, or the IEA to suggest there is a static gap between supply and demand is silly. How silly is it that a think tank with PHd's and all can issue an erudite report about what demand will be in 2030 ("demand will be 120 million bbls per day while supplies will be at 100") without mentioning that the price will rise to decrease demand and increase production (one or the other or both). I guarantee you that supply will equal demand at the end of every day in 2030 as determined by price.

$125 Oil Not Sustainable for the Time Being

It is pointless to argue if demand is 86 or 87 million bbls per day, relative to supply at 85, or to take future projections from other sources like the IEA of demand at 120 million bbls/day and supply only at 100 (by 2030), etc. Supply and demand are always balanced, and rebalanced daily, to be equal, by price.