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  • BMW: A Cheap Play On U.S. And China Luxury Auto Markets  [View article]
    Nice car, the 2002 530i. Frankly, the best car I ever owned. Traded it in just under 100K for a Z4. Lots of driving fun - late mid-life crisis - but I still miss the 5.

    That said, I sense BMW is wholly aiming for China. In 2009, the South Carolina produced Z's went back to Munich leaving the X series and its primary US market in place. China will not see anything like your ultimate driving machine 5 and they won't know the difference. While some X production is being exported currently, that will wane to a trickle as off shore production shifts to their respective markets. The BRIC's less Russia to a large extent, are insisting upon home grown production for everything from farm equipment (lowering CAT exports from the USA) to oil drilling rigs (affecting NOV's export growth) among numerous other US companies.

    So, in my mind the question for investors relates to BMW's ability to compete with Buick in China, for example, rather than Benz, et al. as they dumb down the BMW brand in order to rapidly gain market share. China is the future market place. They emulate the US in everything from our pioneering power dam construction to our Interstate highway system. The latter plus our old B&W Hollywood movies (the Buick syndrome) should bode well for GM over the next few years, in my view.
    Feb 26, 2012. 08:14 AM | Likes Like |Link to Comment
  • BMW: A Cheap Play On U.S. And China Luxury Auto Markets  [View article]
    Granted the ATS is impressive but GM/Cadillac's over-all offerings pale to BMW's and will continue to be a non-event competitor. The local BMW dealer is directly across the highway from an established Caddy dealer. The latter is over stocked with slow moving cars, advertising "sales" discounts on a daily basis, and otherwise getting thumped competing against the BMW line.

    BMW needs to worry about Audi and its new owner Volkswagen. VW's moves with domestic production are impressive with a new plant in Kentucky. While not a direct BMW competitor, financial success available to Audi bears watching by current/perspective BMW share holders.
    Feb 25, 2012. 11:44 AM | Likes Like |Link to Comment
  • The Problems Plaguing Chesapeake Energy  [View article]
    What do you N.G. experts think of OKE at this juncture?
    Feb 25, 2012. 11:14 AM | Likes Like |Link to Comment
  • Master Limited Partnerships And Your IRA  [View article]
    Gag, can't believe I've just re-read this entire thread hoping to find sanity when MLPs are held within ETF's. Again, great article and patience on your part and most of those participating.
    Feb 22, 2012. 12:31 PM | 1 Like Like |Link to Comment
  • Master Limited Partnerships And Your IRA  [View article]
    An analyst report I read recently on AMLP cautioned, unlike ishares ,etc. the mgmt from may be a bit shaky. Any insight from your perspective?
    Feb 22, 2012. 12:09 PM | Likes Like |Link to Comment
  • Retirement Portfolio Update: Replacing Exelon With Southern Company  [View article]
    What is your view of the pending PGN acquisition by DUK?
    Feb 19, 2012. 06:10 PM | Likes Like |Link to Comment
  • Why I Added To My Nvidia Position  [View article]
    NVDA is up about 20% since this article originated on Jan 16. Thanks for it and all for the ensuing discussion.
    Feb 16, 2012. 05:11 PM | Likes Like |Link to Comment
  • Kodak Needs To Return To Its Roots  [View article]
    Kodak history is just that . . . history. Reminds me of another Rochester headquartered company that literally gave away its west coast research discovery to the likes of Bill Gates and Steve Jobs.
    Feb 13, 2012. 11:25 AM | Likes Like |Link to Comment
  • Retirement Portfolio Update: Replacing Exelon With Southern Company  [View article]
    My thoughts center around the need for SO, and a few others, to spend substantial monies complying to abate coal pollution concerns while in parallel spending $ on nuke construction.

    Nearly all ongoing and future planned utility construction is for cleaner, cheaper to build and operate gas turbines. The unit cost is well defined for the populated area it will serve. This is much more problematic for nukes as size rightly tend towards the huge category and ends up with unused capacity. The rates are then calculated over a smaller than designed utilization factor becoming, at least initially, prohibitive. Hence the question, what capacity of current coal burners will the planned nuke replace? How much capacity is calculated for "population/usage" escalation? How much $ will be spent upgrading existing facilities in the meanwhile?
    Feb 13, 2012. 11:00 AM | 1 Like Like |Link to Comment
  • ConocoPhillips Is Grossly Undervalued  [View article]
    <What will be the implications to the stock price when the company splits in two?>
    Hey, that's the $64 question! My take suggests each component will seek its own water level and the sum, hopefully will equal the pre-split value. On that score, current owners will likely hold and as a prospective investor, I'm on the sidelines for the moment.
    Feb 13, 2012. 08:49 AM | Likes Like |Link to Comment
  • Retirement Portfolio Update: Replacing Exelon With Southern Company  [View article]
    I find it hard to understand why either is a compelling investment in this space. EXC is too into nukes and buying Constellation, a very weak sister, will do little to help excite investors. If you're 100% into income with no regard for potential growth, it matters little. But, inflation is on the horizon and that 5%+ dividend will erode rather quickly.

    As for SO, your article should have addressed what they are doing to abate coal fired plant pollution. Hoe many coal plants will be shut down, at what cost, and at what benefit?
    Feb 12, 2012. 12:17 PM | Likes Like |Link to Comment
  • Where To Find Value In Emerging Asia  [View article]
    Thanks for the insightful contribution. Good luck finding a rewarding position in your field.
    Feb 8, 2012. 12:16 PM | 1 Like Like |Link to Comment
  • 5 High-Yield Stocks To Consider Now  [View article]
    Yikes, lots of risk here. While utilities are generally considered safe investments, the three cited here are least attractive going forward considering the environmental discolorization for DUK and AEE as prime coal burners and EXC the big nuke holder. As for the rest . . . . .
    Feb 8, 2012. 12:11 PM | Likes Like |Link to Comment
  • ConocoPhillips Is Grossly Undervalued  [View article]
    The cited metrics, stock price verses "whatever" is interesting but too much surface treatment. What does COP look like going forward? The market price is lagging XOM and CVX clearly based on some uncertainty. COP is 12% off its high verses 4% for the other two. Over the last 12 months, COP is flat. XOM up 4%, CVX up nearly 10%.

    The pending split is worth waiting for, in my view. Oil downstream business looks awful at this point. I'm looking for a more compelling argument to buy COP at this juncture.
    Feb 8, 2012. 11:57 AM | 1 Like Like |Link to Comment
  • Barrick Gold Stock Is Worth $94 Based On Asset Valuation  [View article]
    Good point. Welcome to S/A. In my mind, two prime questions remain -

    (1) what's the cited discount? 50%, 25%, or zero which mirrors today's price. S&P gives ABX a 5 star rating with a target price of 80.

    (2) What's the contra discount; namely, price appreciation of the unmined assets? Does it balance out the above discount? What happens if gold rebounds to $200/ounce as many predict?

    Additionally, one needs to watch the expense side of the ledger. Energy consumption is ABX's largest and most variable (read that rising) expense. Will oil price escallation be a bigger factor than asset appreciation?

    That said, I'm leaning towards the S&P target. For full disclosure: long ABX in managed account
    Feb 8, 2012. 11:24 AM | 1 Like Like |Link to Comment
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