Seeking Alpha


Send Message
View as an RSS Feed
View jarco's Comments BY TICKER:
Latest  |  Highest rated
  • GMX Resources: Ideally Positioned in Horizontal Drilling Sweet Spot for Natural Gas Bulls [View article]
    Aside from the downside aspects you cite, what is your view regards the ability of these shale producers to actually sell their production? Dispite isolated construction of new natural gas consumption, where's the demand coming from?
    Oct 2, 2010. 11:49 AM | 1 Like Like |Link to Comment
  • Offshore Drilling: Analyzing Major Players Using Relative Valuation [View article]
    You're absolutely right and another instance where data farming, while very useful, must be complimented by these fundamentals. In this case, your point is of utmost importance as offshore shallow exploration seems to have run its course throughout most of the world to date.

    The dichotomy lies in the heightened cost and risk associated with deep water exploration. Here technical expertise and management comes into play and bears analysis as well.
    Oct 2, 2010. 11:39 AM | 3 Likes Like |Link to Comment
  • As Coal Heats Up, 3 Companies With Persuasive Coal Stories [View article]
    Thanks for the in-depth presentation. Perhaps I missed it but aside from the hype on demand and production increases, where's the projection on per ton prices? How much leverage will spill to the bottom line and thereby enhance stock prices?
    Oct 2, 2010. 11:24 AM | Likes Like |Link to Comment
  • The Economics of Mass Destruction (Part II) [View article]
    I was referring to the list presented by CautiousInvestor. My point takes aim at two culprits, the economic tsunami and poor education causing unemployment, foreclosures, increases in poverty resulting in the ad infinitum list of food stamps and similar poverty symptoms.

    Educational lapses are the root cause of increased unemployment, poverty levels, food stamp recipients, as the list goes on. Those laid-off from manufacturing jobs are the result of the weak economy and productivity gains. Their ability to recover is burdened by the lack of an adequate education that has blanketed the US over several decades. Today we are witnessing the results and paying the price

    According to NY Times columnist David Brooks on a recent PBS News Hour, the current unemployment ranks of high school graduates and below are 4-5 times higher than those with post-HS education and/or training. Blacks are in the high teens to low twenties compared to whites at about 8%.
    Sep 30, 2010. 12:05 PM | Likes Like |Link to Comment
  • Dividend Stocks: Replace Consolidated Edison With ONEOK, Inc. [View article]
    Owning ED, D, Duk, CNP and several others along with OKE, abandoning ED in favor of OKE makes little sense to this income investor. It isn't even apples verses oranges rather fruit verses vegetables. ED and CNP are basically distributors free of the pearls of power plant maintenance, upgrades, pollution, and more complicated rate battles. It's wise at times to "keep it simple".

    I've owned OKE for several years. It's price growth has been a nice present to compliment a generous dividend. But, it's gas E&P along with distribution also present attendant risk.

    So, it's a balancing act. In short, own them all less the obvious weak sisters like TE, for example.
    Sep 29, 2010. 01:01 PM | 1 Like Like |Link to Comment
  • Could the iPhone Sink Verizon's Network? [View article]
    Isn't this simply between CDMA and GSM? With GSM's greater use world-wide, this affects aps and device volume sales similar to the "battle" between PC's (IBM) and Macs (Apple). With greater applications base, GSM and hence AT&T will progress at the expense of VZ. While both appear short term successful and therefore good sources of dividend income for investors, new handheld devices will(are) upstage PC's, Lap tops, etc. Whose network will be the ultimate winner 5 years down the road?
    Sep 29, 2010. 12:39 PM | Likes Like |Link to Comment
  • Interview: Marc Faber on the Federal Reserve and Hyperinflation [View article]
    You're absolutely right math wise when looking at the market peak around 14000 mid-2007. I consider that purely artificial, a bubble as it were reflecting the rapid rise of home prices and Wall Street profits inflated by the very instruments causing the 2008 economic tsunami. The house I built in 2004 was appraised in 2007 for tax purposes 40% higher than it cost and has since dropped slightly below. A bubble come and gone.

    Looking at a chart of the DOW over the past 5 years shows it essentially flat over that span; 0% change since 2005. Still, in my view, an all time high considering the respective economic environments. No matter where you look, unemployment, job growth, national debt, consumer sentiment, etc. are individually and collectively dismally worse than 2005. Personally, my portfolio has improved slightly since the end of 2004. Remarkable since the income and dividends earned constitute the major part of my income and are spent and not reinvested.

    So the question remains, why is the "market" holding up so well given the current and prospective outlook?
    Sep 28, 2010. 06:11 PM | 2 Likes Like |Link to Comment
  • Brazil: A Tough Competitor Overtakes the U.S. [View article]
    Do you share the view that BRIC should be relabeled as BIC given the fact Russia remains a one pony show? While Brazil, India, and China have embraced capitalism, Russia is still battling with legal issues and appear unwilling to shed the "government take-over" mentality.
    Sep 28, 2010. 04:41 PM | Likes Like |Link to Comment
  • Interview: Marc Faber on the Federal Reserve and Hyperinflation [View article]
    Doesn't all this strongly suggest our government, as currently structured and operated, is a failed system?
    Sep 28, 2010. 11:11 AM | Likes Like |Link to Comment
  • The Economics of Mass Destruction (Part II) [View article]
    Since most investors are flat out optimists, this pessimistic list seems more at home in a NY Times or Washingtom Post Op-Ed piece than here.

    In my view, most of the reality supposed by the data quoted can be sourced to (1) the failing US educational system over the past several decades and government administrations and (2) the economic tsunami of 2008. In the latter, well documented in Michael Lewis' "The Big Short" and elsewhere, wasn't caused by government inaction aside from being asleep at the wheel. Mortgage companies, not banks in the classic sense, sold and re-sold toxic loans to investment banks who marketed them throughout the world. Many of the culprit instruments were literally invented but a few months earlier by Steve Eisman and others with little or no fanfare or visibility within the investment community let alone the government.

    Yes, I agree the Bush tax cuts added much fuel to an already burning fire. But the haves verses the have nots have much more to do with education than anything else. And frankly, its going to cost me plenty if they expire but someone has to step up and put their thumb in the dike and put their money where they're mouth is.
    Sep 27, 2010. 09:15 AM | Likes Like |Link to Comment
  • How Alternative Energy Can Arrest Job Loss Momentum [View article]
    Interesting dialogue but it seems to be centered around a few trees and the problems affect an entire forest. A mere thousand oaks among millions of fir trees.

    I've been asked why there's so much discussion about the benefits of green wind and solar while were burning an astronomical amount of coal to generate over 50% of our electricity.

    This is not about apples and oranges rather comparing ounces of cure against tons of problems. If this apparent dilemma was the prime challenge of a business you owned and operated, what would you do? How would you get your hands around it? What would you do?
    Sep 27, 2010. 08:53 AM | Likes Like |Link to Comment
  • x At Last, The EPA Weighs In on Fracking [View article]
    < . . . people in northern Ohio and Pennsylvania that have gas in their water wells that live miles from oil and gas producing wells. . . . when drilling for gas gets close to these people, they start to yell about gas in their water that has been present for years.>

    Just as the fracking process frees trapped gas, the same process also disturbs many other substances similarly trapped for centuries. The flow pattern changes that occur via natural causes are potentially initiated and/or accelerated by ground disturbances whether its from the physical/mechanical drilling/excavating work or injections of water or gas. CO2 injections have been known to cause similar reactions.

    Despite all the potential hysteria, wouldn't sound business practices suggest the necessary "clean-up" be included in the already relatively cheap finding price? Environmental health concerns notwithstanding, as an investor at risk, we should demand no less from the companies we finance.
    Sep 25, 2010. 02:01 PM | 4 Likes Like |Link to Comment
  • Interview: Marc Faber on the Federal Reserve and Hyperinflation [View article]
    With all this gloom and doom, why is the US stock market near an all time high?
    Sep 25, 2010. 01:01 PM | 1 Like Like |Link to Comment
  • Southern Company Looks Undervalued [View article]
    In addition to ta decent yield, D stock price is up about 27% over the last 12 months compared to 10% for the DOW.
    Sep 24, 2010. 12:10 PM | 1 Like Like |Link to Comment
  • How Alternative Energy Can Arrest Job Loss Momentum [View article]
    Unfortunately, the so called "free markets" are large multi-national corporations who decide whether or not to plow millions or billions into a portion of the energy delivery system. The up front costs are enormous and no one is willing to risk their (or stockholders) money without detailed knowledge of projected demand, competition, and tax ramifications.

    As a stock holder in a number of Public Utilities, Oil & Gas companies, NG E&P, and Pipelines, I can assure you they are all hunkered down waiting for your Federal government to do something. Aside from the risk takers within NG shale plays, little "free market" actions are being contemplated let alone activated. Witness both wind and solar. Lots of talk, a few noteworthy projects, but no one is making any money in that space or doing anything to impact the "Energy Crisis"

    This isn't WW1 or WW11 business environment. The global economy has drastically changed what occurs within and by US corporate entities. Like it or not, no appreciable progress will be forthcoming until Washington can get their act together. Regrettably, it's very problematic.
    Sep 23, 2010. 02:17 PM | 1 Like Like |Link to Comment