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DownOnMyLuck

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  • Italy: Rotting While Waiting For The Election [View article]
    Italy probably has the worst govt in the West, but that little factory in Maranello keeps producing those little red cars that are absolutely breathtaking.
    Jan 19 10:23 AM | Likes Like |Link to Comment
  • The Social Responsibility Dividend Investor [View article]
    It's amazing that people blame producers of oil and coal for harming the environment instead of the consumers. The only reason they drill, baby, drill, or level mountains is because you want to drive, have a refrigerator, heating and air conditioning, and jetaway to exotic vacations.
    Jan 17 10:05 AM | 5 Likes Like |Link to Comment
  • Deere Is Worth At Least $115 Per Share, Cummins At Least $155 [View article]
    Deere's high debt is from their finance division, which is essentially a bank. Their manufacturing debt is modest.
    Jul 18 11:33 AM | Likes Like |Link to Comment
  • Investing In Facebook: A 15-Year-Old's Perspective [View article]
    Facebook was created in a dorm room. As I type this, kids in dorm rooms all over the world are writing their own Facebooks for their generation. Facebook is more likely to have the lifespan of a Palm Pilot or Blackberry. The next generation will not want their mommy and daddy's facebook any more than they'll listen to Dylan and the Beatles.
    Jul 12 11:04 AM | 2 Likes Like |Link to Comment
  • Hess' Shares Look Cheap [View article]
    The value of oil companies, some royalty trusts, and miners, should be calculated based on their reserves, using either DCF, or market value of those reserves. Assuming a static price of the underlying commodity, the intrinsic value of the entity should decrease commensurate with depletion.
    Jul 1 09:44 AM | 1 Like Like |Link to Comment
  • Set Yourself Up To Let Compounding Work Its Magic [View article]
    Buffet's genius was that he realized at an early age the power of investing and compounding. Had he spent his early money on consumer goods, he would now be broke and sitting in his mother's basement calling Bill Gates a criminal and writing about Wall Street conspiracies. There is also the randomness factor. If you start investing at the beginning of a bull market, your returns will be extra-ordinary, and vice-versa. The difference between the rich and the poor is that the rich earn interest, the poor pay interest.
    Jun 19 09:50 AM | 10 Likes Like |Link to Comment
  • Chesapeake Response To CEO Loan Scandal Is Lacking [View article]
    Thank you, W. Walker, Jr., for bringing a reasonable response to the over blown hysteria. This program has been in place for years and was even affirmed with a shareholder’s vote. Any investor, or interested party, who read the 10k’s or proxies would be well aware of Mr. McClendon’s swashbuckling style. He built Chesapeake from nothing to the 2nd biggest natural gas producer with a risky, highly leveraged strategy. This company is not for the faint-hearted. And that’s OK, you can chose Treasuries or P&G.
    Apr 19 12:10 PM | 1 Like Like |Link to Comment
  • Oil-Borne Dividends Face-Off: Chevron vs. ConocoPhillips [View article]
    How can you write about oil company valuation without mentioning reserves? Oil companies are essentially worth the discounted future cash flows of their reserves. Currently, Conoco has slightly more reserves at a considerably less price.
    May 22 10:32 AM | 8 Likes Like |Link to Comment
  • 27 Energy Stocks Benjamin Graham Would Like [View article]
    Seahawk (HAWK) is selling their assets to Hercules (HERO).
    Mar 14 10:23 AM | Likes Like |Link to Comment
  • How to Play the Canadian Oil Sands [View article]
    One small mistake. The Canadian Oil Sands Trust (COSWF.pk) is the Canadian Oil Sands Ltd., not a "bunch of these companies".
    Feb 2 10:50 AM | Likes Like |Link to Comment
  • Stocks That Pay Monthly Dividends: The Advantages [View article]
    iShares preffered stock ETF (PFF) also pays a monthly dividend.
    Sep 2 09:35 AM | 2 Likes Like |Link to Comment
  • Unemployment: Our Beef With Art Laffer's WSJ Editorial [View article]
    Paul Hanly said "...trickle down didn't work..."

    Trickle down is a misnomer, just a derogatory politcal term used to denigrate free market proponents. Wealth actually trickles UP from customers to those who provide goods and services desired by those customers.
    Jul 14 12:31 PM | 2 Likes Like |Link to Comment
  • Has Buffett Lost His Mind? [View article]
    You mis-characterize what Buffet said. He said the results over the next 100 years would justify the purchase price, not that the payback period is 100 years.
    Nov 23 09:09 AM | 2 Likes Like |Link to Comment
  • What's Berkshire Hathaway's Expected Life? [View article]
    Another possibilty is that the new management could do a 2,000:1 stock split and start paying a dividend. The market value could increase.
    Nov 18 03:32 PM | 1 Like Like |Link to Comment
  • Banning Derivatives and Other Such Foolishness [View article]
    But Mr. Soros's support for the affirmitive action trainee as president has not been validated.


    On Nov 17 09:55 AM hock wrote:

    > Apply what you said to yourself, and you will see the wisdom of your
    > thoughts.
    > Many people respect Mr. Buffet and Mr. Soros beyond their job scope,
    > for their characters and other valid reasons. For example Mr. Soros
    > pre 2nd term political judgment about President Bush has been validated
    > by the mess from the economy and wars Americans have inherited.
    Nov 17 12:37 PM | 1 Like Like |Link to Comment
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