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  • AMLP Shareholders Beware  [View article]
    You're right it has dumbed down. In the comment section.
    Dec 9, 2015. 01:19 PM | 1 Like Like |Link to Comment
  • AMLP Shareholders Beware  [View article]
    Hi Ron just wanted to throw my support behind this sentiment as a I sure a lot of people didn't understand the implications of a c corp vs the ETN.

    You are one of the few people I follow and I started after your first article on AMLP vs MLPI.

    I can't believe the number of people who are willing to lose so much principal for a simpler tax return. I suspect they are the vocal minority. I suspect the majority of owners just buy it for the yield and have no idea about the double taxation just as you say.
    Dec 9, 2015. 01:06 PM | 3 Likes Like |Link to Comment
  • Merger Arbitrage Blog- Part 4  [View instapost]
    My thinking as well. Guess we are all in this together!
    Nov 12, 2015. 01:43 PM | Likes Like |Link to Comment
  • Merger Arbitrage Blog- Part 4  [View instapost]
    Ok this is what's going on, the utility deals are moving in tandem. As of right now:

    CNL off 48 bps
    TE -38bps
    GAS -45bps
    POM -60bps

    VPU (utility ETF) -314bps. Usually cash deals are immune to this sort of thing, but I guess not today.
    Nov 6, 2015. 10:04 AM | 1 Like Like |Link to Comment
  • Merger Arbitrage Blog- Part 4  [View instapost]
    CNL - I have no idea what's going on, down another handle on no news - total guess here, another govt shakedown like POM? Local regulator wants some $$$??

    edit: hmm... but on low volume. The big volume spike was near the open, 9:45.
    Nov 5, 2015. 02:54 PM | Likes Like |Link to Comment
  • Merger Arbitrage Blog- Part 4  [View instapost]
    CNL - Hi all, what are your thoughts here? It's dipped lately, at 52.75 about 4.7% discount to the all cash 55.37 offer and goes ex-div tomorrow.
    Nov 4, 2015. 09:33 AM | Likes Like |Link to Comment
  • SPY's Volume Speaks Volumes  [View article]
    Could this be related to the recent ETF pricing problems at BoNY? It was supposed to be cleared up the prior week but perhaps there is something they are not telling us. I looked at DIA and QQQ and their volume was also down from the prior day. Not nearly as dramatic as SPY though. It is indeed strange.

    http://on.wsj.com/1OcvXQl
    Sep 15, 2015. 11:23 AM | 1 Like Like |Link to Comment
  • Merger Arbitrage Interview Series: Carl Barnick Of MergerBrief  [View article]
    I don't comment much on SA anymore but I wanted to let you know I enjoyed this as well. I wish I could get the blog on my mobile app or I'd visit that more often as well.
    Aug 18, 2015. 04:03 PM | Likes Like |Link to Comment
  • Merger Arbitrage Interview Series: Carl Barnick Of MergerBrief  [View article]
    Yes thank you Carl and SSA. What is your go to news source for sourcing and researching deals or just staying up to date. I realize you have a system for the regulatory process but what about other public news that comes out like law suits, deal funding issues, etc. I like Dow Jones news feed myself, what do you use?
    Aug 12, 2015. 08:34 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Argentina Downgrade, Amazon Smartphone, GM Investigation  [View article]
    RE Discussion on VAT the last few days. Either some of you on WSB do not understand VAT, or I don’t (and I dont mean that in a bad way). Some of you seem to be confusing it with a sales tax. VAT and a sales tax are not the same thing.

    A sales tax only taxes the final point of sale. A VAT taxes anything along the supply chain that is deemed to “add value” hence the name Value Added Tax. Meaning, if I am GM and I buy steel to make cars, that increase in value from steel to car is taxed, even if I sell the car abroad. If I sell the car in the US, it is taxed again (on just the added value portion).

    Likewise, if I am Firestone, and I buy rubber to make tires, its taxed. And if I sell those tires to GM, who puts them on a new car which they sell for greater value… you get the idea. Think of it like a "distributed sales tax" like instead of collecting say $5 at the final point of sale, its 1/1/1/1/1 all along the the production chain.

    These taxes add up and would be passed on to the consumer. Also, ask yourself if you were GM and a VAT went into effect, where would you want to build your cars? Maybe I am misunderstanding something, because I don’t see how this helps our problem.

    I am not saying it is better or worse than our current tax system, which is clearly broken IMO and rewards companies for moving offshore and keeping global profits offshore. Just want to get the facts straight on what it is.

    Thanks all, have a great day!
    Jun 18, 2014. 10:49 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Argentina Downgrade, Amazon Smartphone, GM Investigation  [View article]
    If Q1 was contracting and Fed is tapering... then naturally we should be hitting new highs... wait wut?
    Jun 18, 2014. 10:08 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Lawsuit, BP Deals, Euro Woes  [View article]
    For those interested:

    Average Federal Tax Rates, by Income Group, 2009 and 2010
    (Percentage of before-tax income)
    Source: Congressional Budget Office.

    Lowest Quintile 1.5
    Second Quintile 7.2
    Middle Quintile 11.5
    Fourth Quintile 15.6
    Highest Quintile 24.0
    Top 1 Percent 29.4

    And yes that includes the (regressive) payroll tax, not just income tax.

    link
    http://1.usa.gov/1jwJXkB
    Jun 17, 2014. 03:52 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Apple Lawsuit, BP Deals, Euro Woes  [View article]
    awe.. wow, what a run though... much earned rest.


    Where is John Corzine and did he really have the Heat in 4 games straight?
    Jun 17, 2014. 10:30 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Lawsuit, BP Deals, Euro Woes  [View article]
    For those keeping score at home, this would be about the 4th or 5th time Argentina has defaulted in its history.

    Here's a tip - stop lending them money!
    Jun 17, 2014. 10:27 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    "You may have noticed that comments from the Left are usually responses motivated by initial comments from the Right."

    I have noticed this too, and often wonder why people always take the bait? A lot of troll baiting goes on on WSB, from both sides, and I wonder if people dont know it or actually enjoy it.
    Feb 21, 2014. 11:16 AM | 2 Likes Like |Link to Comment
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