Seeking Alpha

milkchaser

milkchaser
Send Message
View as an RSS Feed
View milkchaser's Comments BY TICKER:
Latest  |  Highest rated
  • Kinder Morgan Energy Partners: Why Not Consider This Outstanding Wealth Building Machine? [View article]
    What are the chances that a big, established energy company (e.g. Enron) could go under? Where's your faith? :-)

    Last I checked no one knows the future (at least, not since Jeane Dixon died).
    Apr 18 10:59 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Energy Partners: Why Not Consider This Outstanding Wealth Building Machine? [View article]
    "There's always a reason when a company has to have a sky-high yield to catch a bid."

    Learned that lesson in the real estate crash of 2007. Thornburgh mortgage was paying 10% dividends. They only took on jumbo mortgages for highly qualified customers. What could go wrong? As the non-agency mortgage-backed securities market dried up in August 2007, all of their creditors called in their notes. Crunch.
    Apr 18 10:02 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: A Rare Find Indeed [View article]
    That analysis is pretty clear (in hindsight). Last May, when the stock was over $40 and the warrants were at $6, I felt like Rockefeller.
    Apr 17 11:25 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: A Rare Find Indeed [View article]
    "the risk adjusted profit favored direct stock ownership."

    How does one calculate that?
    Apr 17 05:49 PM | Likes Like |Link to Comment
  • Kinder Morgan Partners Capitalizing On Increased Demand For Midstream Services [View article]
    The implication here is that, unless one is an accountant, one is never sure if one has properly filled out one's tax forms (especially with K-1s). It puts me in mind of Kafka's "The Trial".

    Having just completely my tax return last night, my impression is that too many various types of partnerships are all required to report on the same form -- the result of which is most of the form does not apply to any one company. And I also wonder why the gov't needs so many codes to distinguish one type of income or depletion allowance or whatever from another.

    The terminology is quite arcane. In the end, one is merely copying information from one box to another, but I have to wonder whether anyone ever makes use of all the information one is required to list.
    Apr 14 02:08 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Partners Capitalizing On Increased Demand For Midstream Services [View article]
    If one uses tax software (and who doesn't -- TaxAct online is free), then the process is much easier. I would not want to wade through the arcane instructions without good tax software by my side.
    Apr 14 01:54 PM | 1 Like Like |Link to Comment
  • A Kinder Morgan Merger Is Not Feasible [View article]
    The warrants will be worth the difference between $40 and the share price of KMI, if positive. If they ever hit $40, KMI would have to be near $80/share. We should all be so lucky.
    Apr 13 12:24 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: A Merger Is Very Much A Possibility [View article]
    Even if the warrants have not yet expired or reached the strike price, any deal would have to substitute new warrants with equivalent value in the new entity as currently exists for KMI. This is built into the warrant from the outset.
    Apr 7 12:32 PM | 2 Likes Like |Link to Comment
  • A Kinder Morgan Merger Is Not Feasible [View article]
    All this fuss strikes me as less important than whether Mr. Kinder wears boxers or briefs. If you like KMI and its yield, buy that. If you have KMP, but think KMI is getting the better deal, sell KMP and buy KMI. What am I missing here?
    Apr 7 12:28 PM | 5 Likes Like |Link to Comment
  • Assessing The Growth Scare At Kinder Morgan [View article]
    Plus, I think the Fed is paying these banks 0.25% just to hold the excess reserves the Fed is putting in their accounts. So they can make money without any risk at all.
    Apr 2 10:47 AM | Likes Like |Link to Comment
  • Assessing The Growth Scare At Kinder Morgan [View article]
    Needless to say, the video does not explain how he did that.
    Apr 1 11:57 AM | Likes Like |Link to Comment
  • Assessing The Growth Scare At Kinder Morgan [View article]
    That was an interesting explanation. I'm not sure a deleveraging is ever really "beautiful", just relatively less painful. And even so, he explains that the gov't prints money and automagically banks start lending and people start borrowing. We have seen that this is not the case in recent years. Banks have been reluctant to lend and people reluctant to borrow -- even when the cost of interest is near 0%.

    House prices rose faster than the historical trend, fell to below trend during the recession and are now rising at the historical rate. Tripling the money supply has not reflated house prices to bubble levels again (I think).

    So the explanation seems simplistic. Plus, I believe the Austrian school would explain the boom-bust cycle differently, although, I do not purport to understand it clearly.
    Apr 1 11:56 AM | Likes Like |Link to Comment
  • Assessing The Growth Scare At Kinder Morgan [View article]
    For some reason, I never tire of watching that clip and listening to RK.
    Mar 28 11:59 AM | Likes Like |Link to Comment
  • Kinder Morgan: Why Barron's Is Wrong Regarding The CO2 Segment [View article]
    It must be profitable, however, given how many companies are buying up old fields and scrubbing them with CO2.
    http://bit.ly/1iF7FNf
    Mar 27 07:03 PM | 1 Like Like |Link to Comment
  • Jim Cramer Sells Linn Energy, Tells Investors To Buy Kinder Morgan [View article]
    For the life of me, I don't see how AGNC hangs on where it is. It must be extremely well managed to continue to make a profit. But I'm glad I got nervous and sold out at 32.
    Mar 13 10:49 AM | Likes Like |Link to Comment
COMMENTS STATS
858 Comments
1,224 Likes