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    <title>Pat Stout's Comments</title>
    <description>Pat Stout's Comments RSS Syndication from SeekingAlpha.com</description>
    <link>http://seekingalpha.com/user/2339201/comments</link>
    <item>
      <title>J.C. Penney Bonds Change Of Control A Good Thing?</title>
      <link>http://seekingalpha.com/article/1252331/comments?source=feed#comment-18336821</link>
      <guid isPermaLink="false">18336821</guid>
      <content>
        <![CDATA[That is the only tender that I am aware off.  Looks like I got some bad data from the FINRA website when entering the CUSIP. Have noticed that happens from time to time. <br/><br/>Your right the tender is for the 7.125% of 2023. ]]>
      </content>
      <pubDate>Wed, 01 May 2013 19:31:05 -0400</pubDate>
      <description>
        <![CDATA[That is the only tender that I am aware off.  Looks like I got some bad data from the FINRA website when entering the CUSIP. Have noticed that happens from time to time. <br/><br/>Your right the tender is for the 7.125% of 2023. ]]>
      </description>
    </item>
    <item>
      <title>J.C. Penney Bonds Change Of Control A Good Thing?</title>
      <link>http://seekingalpha.com/article/1252331/comments?source=feed#comment-18334381</link>
      <guid isPermaLink="false">18334381</guid>
      <content>
        <![CDATA[The 7.95% of 2017 have a tender offer for $1,350 per $1,000 bond.<br/><br/>Here is the release from JCP: <a rel='nofollow' target='_blank' href='http://jcp.is/12oeLKZ'>http://jcp.is/12oeLKZ</a>;highlight=]]>
      </content>
      <pubDate>Wed, 01 May 2013 17:49:28 -0400</pubDate>
      <description>
        <![CDATA[The 7.95% of 2017 have a tender offer for $1,350 per $1,000 bond.<br/><br/>Here is the release from JCP: <a rel='nofollow' target='_blank' href='http://jcp.is/12oeLKZ'>http://jcp.is/12oeLKZ</a>;highlight=]]>
      </description>
    </item>
    <item>
      <title>Herbalife J.C. Penney And Pershing</title>
      <link>http://seekingalpha.com/article/1298481/comments?source=feed#comment-16901441</link>
      <guid isPermaLink="false">16901441</guid>
      <content>
        <![CDATA[K.,<br/><br/>That is a good question. I have not seen JC Penney breakout employee turnover / retention. It would be interesting to see how it compares with Herbalife, wouldn’t it? ]]>
      </content>
      <pubDate>Wed, 27 Mar 2013 17:36:52 -0400</pubDate>
      <description>
        <![CDATA[K.,<br/><br/>That is a good question. I have not seen JC Penney breakout employee turnover / retention. It would be interesting to see how it compares with Herbalife, wouldn’t it? ]]>
      </description>
    </item>
    <item>
      <title>Leaders And Laggards Of The Dow Jones Industrial Average</title>
      <link>http://seekingalpha.com/article/1298191/comments?source=feed#comment-16788801</link>
      <guid isPermaLink="false">16788801</guid>
      <content>
        <![CDATA[feduke,<br/><br/>Good eye! Thanks for catching the transposition. ]]>
      </content>
      <pubDate>Mon, 25 Mar 2013 16:10:29 -0400</pubDate>
      <description>
        <![CDATA[feduke,<br/><br/>Good eye! Thanks for catching the transposition. ]]>
      </description>
    </item>
    <item>
      <title>J.C. Penney Bonds Change Of Control A Good Thing?</title>
      <link>http://seekingalpha.com/article/1252331/comments?source=feed#comment-16012221</link>
      <guid isPermaLink="false">16012221</guid>
      <content>
        <![CDATA[This Barron's article might help explain what is going on with the bonds.<br/><br/><a rel='nofollow' target='_blank' href='http://on.barrons.com/XXiUWO'>http://on.barrons.com/...</a>]]>
      </content>
      <pubDate>Thu, 07 Mar 2013 21:22:48 -0500</pubDate>
      <description>
        <![CDATA[This Barron's article might help explain what is going on with the bonds.<br/><br/><a rel='nofollow' target='_blank' href='http://on.barrons.com/XXiUWO'>http://on.barrons.com/...</a>]]>
      </description>
    </item>
    <item>
      <title>J.C. Penney Bonds Change Of Control A Good Thing?</title>
      <link>http://seekingalpha.com/article/1252331/comments?source=feed#comment-16011781</link>
      <guid isPermaLink="false">16011781</guid>
      <content>
        <![CDATA[Thanks.  <br/><br/>The risk-reward profile favors the bonds in my opinion. However the bonds carry risk, but should be less risky than the equity (common stock).  <br/><br/>Time will tell what happens.]]>
      </content>
      <pubDate>Thu, 07 Mar 2013 21:04:01 -0500</pubDate>
      <description>
        <![CDATA[Thanks.  <br/><br/>The risk-reward profile favors the bonds in my opinion. However the bonds carry risk, but should be less risky than the equity (common stock).  <br/><br/>Time will tell what happens.]]>
      </description>
    </item>
    <item>
      <title>J.C. Penney Bonds Change Of Control A Good Thing?</title>
      <link>http://seekingalpha.com/article/1252331/comments?source=feed#comment-16011751</link>
      <guid isPermaLink="false">16011751</guid>
      <content>
        <![CDATA[There can be many factors accounting for the price movement. Terms and conditions of the bond issue.  The shape of the yield curve and difference in spreads. Another factor is the size of the bonds traded.  <br/><br/>Hope that helps. ]]>
      </content>
      <pubDate>Thu, 07 Mar 2013 21:00:48 -0500</pubDate>
      <description>
        <![CDATA[There can be many factors accounting for the price movement. Terms and conditions of the bond issue.  The shape of the yield curve and difference in spreads. Another factor is the size of the bonds traded.  <br/><br/>Hope that helps. ]]>
      </description>
    </item>
    <item>
      <title>J.C. Penney Bonds Change Of Control A Good Thing?</title>
      <link>http://seekingalpha.com/article/1252331/comments?source=feed#comment-15967461</link>
      <guid isPermaLink="false">15967461</guid>
      <content>
        <![CDATA[Haven't looked at the bonds of CZR. What issue?]]>
      </content>
      <pubDate>Thu, 07 Mar 2013 06:38:18 -0500</pubDate>
      <description>
        <![CDATA[Haven't looked at the bonds of CZR. What issue?]]>
      </description>
    </item>
    <item>
      <title>J.C. Penney Bonds Change Of Control A Good Thing?</title>
      <link>http://seekingalpha.com/article/1252331/comments?source=feed#comment-15967361</link>
      <guid isPermaLink="false">15967361</guid>
      <content>
        <![CDATA[Your welcome.<br/><br/>I didn't notice the prospectus for the 7.95% of 2017 on the SEC site. It was issued in 1997 per FINRA.  The SEC site only goes back to 2002 for JCP. ]]>
      </content>
      <pubDate>Thu, 07 Mar 2013 06:35:51 -0500</pubDate>
      <description>
        <![CDATA[Your welcome.<br/><br/>I didn't notice the prospectus for the 7.95% of 2017 on the SEC site. It was issued in 1997 per FINRA.  The SEC site only goes back to 2002 for JCP. ]]>
      </description>
    </item>
    <item>
      <title>Wal-Mart: Room To Grow The Dividend</title>
      <link>http://seekingalpha.com/article/631141/comments?source=feed#comment-15303311</link>
      <guid isPermaLink="false">15303311</guid>
      <content>
        <![CDATA[Walmart increased its dividend from $1.59 FY2013 to $1.88 FY2014<br/><br/>Source: <a rel='nofollow' target='_blank' href='http://bit.ly/YoM6CQ'>http://bit.ly/YoM6CQ</a>]]>
      </content>
      <pubDate>Thu, 21 Feb 2013 08:41:00 -0500</pubDate>
      <description>
        <![CDATA[Walmart increased its dividend from $1.59 FY2013 to $1.88 FY2014<br/><br/>Source: <a rel='nofollow' target='_blank' href='http://bit.ly/YoM6CQ'>http://bit.ly/YoM6CQ</a>]]>
      </description>
    </item>
    <item>
      <title>Herbalife Big Market - CDC Says 78 Million Obese</title>
      <link>http://seekingalpha.com/article/1186841/comments?source=feed#comment-15130401</link>
      <guid isPermaLink="false">15130401</guid>
      <content>
        <![CDATA[Why does the Better Business Bureau (BBB) rate Herbalife A+?<br/><br/>Source: <a rel='nofollow' target='_blank' href='http://bit.ly/Vp9qDN'>http://bit.ly/Vp9qDN</a>]]>
      </content>
      <pubDate>Sun, 17 Feb 2013 18:02:04 -0500</pubDate>
      <description>
        <![CDATA[Why does the Better Business Bureau (BBB) rate Herbalife A+?<br/><br/>Source: <a rel='nofollow' target='_blank' href='http://bit.ly/Vp9qDN'>http://bit.ly/Vp9qDN</a>]]>
      </description>
    </item>
    <item>
      <title>Herbalife: Icahn Cometh - Could The Stock Be Worth $103.93 Per Share?</title>
      <link>http://seekingalpha.com/article/1199681/comments?source=feed#comment-15122511</link>
      <guid isPermaLink="false">15122511</guid>
      <content>
        <![CDATA[@K.Herbert<br/><br/>Why does the Better Business Bureau (BBB) rate Herbalife A+ if it has so many issues?<br/><br/><a rel='nofollow' target='_blank' href='http://bit.ly/Vp9qDN'>http://bit.ly/Vp9qDN</a>]]>
      </content>
      <pubDate>Sun, 17 Feb 2013 13:46:39 -0500</pubDate>
      <description>
        <![CDATA[@K.Herbert<br/><br/>Why does the Better Business Bureau (BBB) rate Herbalife A+ if it has so many issues?<br/><br/><a rel='nofollow' target='_blank' href='http://bit.ly/Vp9qDN'>http://bit.ly/Vp9qDN</a>]]>
      </description>
    </item>
    <item>
      <title>Herbalife: A Review Of The Details</title>
      <link>http://seekingalpha.com/article/1155361/comments?source=feed#comment-14565151</link>
      <guid isPermaLink="false">14565151</guid>
      <content>
        <![CDATA[Search of the Consumer Sentinel Network database as of April 18, 2012 returned the following number of complaints for Herbalife.<br/><br/>2012 - 18<br/>2011 - 37<br/>2010 - 36<br/>2009 - 12<br/>2008 - 15]]>
      </content>
      <pubDate>Mon, 04 Feb 2013 20:18:09 -0500</pubDate>
      <description>
        <![CDATA[Search of the Consumer Sentinel Network database as of April 18, 2012 returned the following number of complaints for Herbalife.<br/><br/>2012 - 18<br/>2011 - 37<br/>2010 - 36<br/>2009 - 12<br/>2008 - 15]]>
      </description>
    </item>
    <item>
      <title>House Republicans won't bring their "Plan B" tax-cut proposal to a vote tonight, as Speaker John Boehner says he doesn't have the votes; the House will recess until after Christmas. DJIA futures slip 0.2%. Boehner: "Now it is up to the president to work with Senator Reid on legislation to avert the fiscal cliff." Updated: S&amp;amp;P 500 e-Mini futures dive, limit down.</title>
      <link>http://seekingalpha.com/currents/post/732001?source=feed#comment-12843221</link>
      <guid isPermaLink="false">12843221</guid>
      <content>
        <![CDATA[Nice timing of the announcement, the night before option expiration. ]]>
      </content>
      <pubDate>Thu, 20 Dec 2012 20:42:37 -0500</pubDate>
      <description>
        <![CDATA[Nice timing of the announcement, the night before option expiration. ]]>
      </description>
    </item>
    <item>
      <title>Magic Formula Dividends</title>
      <link>http://seekingalpha.com/article/978461/comments?source=feed#comment-11251691</link>
      <guid isPermaLink="false">11251691</guid>
      <content>
        <![CDATA[How does DELL have a 0.0% payout ratio while paying a dividend?  It appears that there is a data &quot;issue&quot;.]]>
      </content>
      <pubDate>Mon, 05 Nov 2012 13:45:50 -0500</pubDate>
      <description>
        <![CDATA[How does DELL have a 0.0% payout ratio while paying a dividend?  It appears that there is a data &quot;issue&quot;.]]>
      </description>
    </item>
    <item>
      <title>Option Spread To Play Research In Motion Earnings</title>
      <link>http://seekingalpha.com/article/688711/comments?source=feed#comment-7384971</link>
      <guid isPermaLink="false">7384971</guid>
      <content>
        <![CDATA[What a terrible trade idea even though it lost less than the stock.  Unfortunately with the option there is no opportunity to recover unless the stock rallies this week ]]>
      </content>
      <pubDate>Sat, 14 Jul 2012 15:36:13 -0400</pubDate>
      <description>
        <![CDATA[What a terrible trade idea even though it lost less than the stock.  Unfortunately with the option there is no opportunity to recover unless the stock rallies this week ]]>
      </description>
    </item>
    <item>
      <title>Option Spread To Play Research In Motion Earnings</title>
      <link>http://seekingalpha.com/article/688711/comments?source=feed#comment-6910031</link>
      <guid isPermaLink="false">6910031</guid>
      <content>
        <![CDATA[Thanks for the information on Mobile Fusion. ]]>
      </content>
      <pubDate>Fri, 29 Jun 2012 05:13:55 -0400</pubDate>
      <description>
        <![CDATA[Thanks for the information on Mobile Fusion. ]]>
      </description>
    </item>
    <item>
      <title>Option Spread To Play Research In Motion Earnings</title>
      <link>http://seekingalpha.com/article/688711/comments?source=feed#comment-6896661</link>
      <guid isPermaLink="false">6896661</guid>
      <content>
        <![CDATA[BlackBerry 10 to be delayed until first calendar quarter in 2013.  Not good news.  It shall be interesting to hear the conference call. <br/><br/>Stock is taking a beating, currently trading at $7.57 in post-market trade.]]>
      </content>
      <pubDate>Thu, 28 Jun 2012 16:51:37 -0400</pubDate>
      <description>
        <![CDATA[BlackBerry 10 to be delayed until first calendar quarter in 2013.  Not good news.  It shall be interesting to hear the conference call. <br/><br/>Stock is taking a beating, currently trading at $7.57 in post-market trade.]]>
      </description>
    </item>
    <item>
      <title>Where Is The Double-Digit Healthcare Inflation?</title>
      <link>http://seekingalpha.com/article/677621/comments?source=feed#comment-6689591</link>
      <guid isPermaLink="false">6689591</guid>
      <content>
        <![CDATA[Care to share the source for the health insurance premium figures?  ]]>
      </content>
      <pubDate>Fri, 22 Jun 2012 10:27:45 -0400</pubDate>
      <description>
        <![CDATA[Care to share the source for the health insurance premium figures?  ]]>
      </description>
    </item>
    <item>
      <title>Morgan Stanley's Series A Preferred Is Better Value Than Its Common Stock</title>
      <link>http://seekingalpha.com/article/658531/comments?source=feed#comment-6677421</link>
      <guid isPermaLink="false">6677421</guid>
      <content>
        <![CDATA[MS-PA will work on Yahoo Finance.  Other platforms might use MSpA, MS/PRA or MS+A.  Unfortunately there is no standard symbol.<br/><br/>Hope this helps.]]>
      </content>
      <pubDate>Thu, 21 Jun 2012 23:53:21 -0400</pubDate>
      <description>
        <![CDATA[MS-PA will work on Yahoo Finance.  Other platforms might use MSpA, MS/PRA or MS+A.  Unfortunately there is no standard symbol.<br/><br/>Hope this helps.]]>
      </description>
    </item>
    <item>
      <title>International Game Technology Share Repurchase: Take The Money And Run</title>
      <link>http://seekingalpha.com/article/662111/comments?source=feed#comment-6463451</link>
      <guid isPermaLink="false">6463451</guid>
      <content>
        <![CDATA[The stock opened today (June 15) at $15.37. And closed June 14 at $15.12.  ]]>
      </content>
      <pubDate>Fri, 15 Jun 2012 12:08:00 -0400</pubDate>
      <description>
        <![CDATA[The stock opened today (June 15) at $15.37. And closed June 14 at $15.12.  ]]>
      </description>
    </item>
    <item>
      <title>Morgan Stanley's Series A Preferred Is Better Value Than Its Common Stock</title>
      <link>http://seekingalpha.com/article/658531/comments?source=feed#comment-6413571</link>
      <guid isPermaLink="false">6413571</guid>
      <content>
        <![CDATA[Good question.<br/><br/>The prospectus says under maturity in part:<br/>...the Series A Preferred Stock will remain outstanding indefinitely unless and until we decide to redeem it.]]>
      </content>
      <pubDate>Thu, 14 Jun 2012 09:33:21 -0400</pubDate>
      <description>
        <![CDATA[Good question.<br/><br/>The prospectus says under maturity in part:<br/>...the Series A Preferred Stock will remain outstanding indefinitely unless and until we decide to redeem it.]]>
      </description>
    </item>
    <item>
      <title>Morgan Stanley's Series A Preferred Is Better Value Than Its Common Stock</title>
      <link>http://seekingalpha.com/article/658531/comments?source=feed#comment-6408221</link>
      <guid isPermaLink="false">6408221</guid>
      <content>
        <![CDATA[The preferred can be redeemed at $25.00. Therefore the potential capital gain is $8.54.<br/><br/> 8.54/16.46 = 51.88<br/><br/>Hope this helps.]]>
      </content>
      <pubDate>Thu, 14 Jun 2012 06:12:27 -0400</pubDate>
      <description>
        <![CDATA[The preferred can be redeemed at $25.00. Therefore the potential capital gain is $8.54.<br/><br/> 8.54/16.46 = 51.88<br/><br/>Hope this helps.]]>
      </description>
    </item>
    <item>
      <title>Scotts Down On Guidance: Yield Up To 3.29%</title>
      <link>http://seekingalpha.com/article/655061/comments?source=feed#comment-6382491</link>
      <guid isPermaLink="false">6382491</guid>
      <content>
        <![CDATA[Nimble traders may want to take profits or place a stop-limit order to protect profits.<br/><br/>SMG opened at $35.75 and is currently near $40.]]>
      </content>
      <pubDate>Wed, 13 Jun 2012 12:02:37 -0400</pubDate>
      <description>
        <![CDATA[Nimble traders may want to take profits or place a stop-limit order to protect profits.<br/><br/>SMG opened at $35.75 and is currently near $40.]]>
      </description>
    </item>
    <item>
      <title>Historical Look At Bond Prices And Interest Rate Outlook</title>
      <link>http://seekingalpha.com/article/601061/comments?source=feed#comment-5599791</link>
      <guid isPermaLink="false">5599791</guid>
      <content>
        <![CDATA[The maturity dates are shown.  Look at the Northern States bond. It was issued in 1954 and was due (maturity date), in 1984.  In 1982  the low price was 73.25 when the bond had roughly two years till maturity. <br/><br/>Have a feeling many investors might not fully appreciate what can happen to bond prices when interest rates start moving higher.<br/><br/><br/>Does this help the article make more sense? ]]>
      </content>
      <pubDate>Sat, 19 May 2012 01:42:33 -0400</pubDate>
      <description>
        <![CDATA[The maturity dates are shown.  Look at the Northern States bond. It was issued in 1954 and was due (maturity date), in 1984.  In 1982  the low price was 73.25 when the bond had roughly two years till maturity. <br/><br/>Have a feeling many investors might not fully appreciate what can happen to bond prices when interest rates start moving higher.<br/><br/><br/>Does this help the article make more sense? ]]>
      </description>
    </item>
    <item>
      <title>Juicy Yields On Goldman Preferred Issues</title>
      <link>http://seekingalpha.com/article/597601/comments?source=feed#comment-5539281</link>
      <guid isPermaLink="false">5539281</guid>
      <content>
        <![CDATA[The average cost of treasury stock is $136.35. The stock closed May 15th under $100.00. I would call that being underwater, wouldn't you?<br/><br/>Haven't a clue what management or its board will do in the future.]]>
      </content>
      <pubDate>Thu, 17 May 2012 13:15:23 -0400</pubDate>
      <description>
        <![CDATA[The average cost of treasury stock is $136.35. The stock closed May 15th under $100.00. I would call that being underwater, wouldn't you?<br/><br/>Haven't a clue what management or its board will do in the future.]]>
      </description>
    </item>
    <item>
      <title>Berkshire Performance Since The Share Repurchase Announcement</title>
      <link>http://seekingalpha.com/article/570471/comments?source=feed#comment-5228041</link>
      <guid isPermaLink="false">5228041</guid>
      <content>
        <![CDATA[The excluding dividends was in reference to the S&amp;P 500 figures. The &quot;total return&quot; of the S&amp;P 500 would be higher with dividends.]]>
      </content>
      <pubDate>Tue, 08 May 2012 15:18:40 -0400</pubDate>
      <description>
        <![CDATA[The excluding dividends was in reference to the S&amp;P 500 figures. The &quot;total return&quot; of the S&amp;P 500 would be higher with dividends.]]>
      </description>
    </item>
    <item>
      <title>Repurchase Vs. Market Value Change: A Look At Loews</title>
      <link>http://seekingalpha.com/article/563681/comments?source=feed#comment-5166071</link>
      <guid isPermaLink="false">5166071</guid>
      <content>
        <![CDATA[Looking at the market value of Loews, not their holdings.<br/><br/>The sale of Lorrilard is accounted for in the price of Loews. <br/><br/>Market value calculations confirmed with data at:<br/><a rel='nofollow' target='_blank' href='http://bit.ly/KdqN43'>http://bit.ly/KdqN43</a>]]>
      </content>
      <pubDate>Sun, 06 May 2012 21:04:58 -0400</pubDate>
      <description>
        <![CDATA[Looking at the market value of Loews, not their holdings.<br/><br/>The sale of Lorrilard is accounted for in the price of Loews. <br/><br/>Market value calculations confirmed with data at:<br/><a rel='nofollow' target='_blank' href='http://bit.ly/KdqN43'>http://bit.ly/KdqN43</a>]]>
      </description>
    </item>
    <item>
      <title>Repurchase Vs. Market Value Change: A Look At Loews</title>
      <link>http://seekingalpha.com/article/563681/comments?source=feed#comment-5164881</link>
      <guid isPermaLink="false">5164881</guid>
      <content>
        <![CDATA[Treasury stock is overhead supply that might help explain the valuation.<br/><br/>The point I was attempting to make was that while the stock price increased, it was mainly a result of repurchasing shares. The change in market value was roughly matched by the capital spent buying back shares. Imagine the value that might have been created had gold been purchased.<br/><br/>Loews is a good firm. ]]>
      </content>
      <pubDate>Sun, 06 May 2012 19:51:19 -0400</pubDate>
      <description>
        <![CDATA[Treasury stock is overhead supply that might help explain the valuation.<br/><br/>The point I was attempting to make was that while the stock price increased, it was mainly a result of repurchasing shares. The change in market value was roughly matched by the capital spent buying back shares. Imagine the value that might have been created had gold been purchased.<br/><br/>Loews is a good firm. ]]>
      </description>
    </item>
    <item>
      <title>Repurchase Vs. Market Value Change: A Look At Loews</title>
      <link>http://seekingalpha.com/article/563681/comments?source=feed#comment-5164571</link>
      <guid isPermaLink="false">5164571</guid>
      <content>
        <![CDATA[Year.  Shares...pri.....mkt val<br/>1998: 675.6 x 15.67 = 10.586 (adjusted)<br/>2011: 396.6 x 37.28 = 14.785<br/><br/>138% = Price change<br/> 40% = Change Market Value %<br/>$4.2 =  Change Market Value billions <br/><br/>The repurchase of shares can increase the stock price. ]]>
      </content>
      <pubDate>Sun, 06 May 2012 19:33:48 -0400</pubDate>
      <description>
        <![CDATA[Year.  Shares...pri.....mkt val<br/>1998: 675.6 x 15.67 = 10.586 (adjusted)<br/>2011: 396.6 x 37.28 = 14.785<br/><br/>138% = Price change<br/> 40% = Change Market Value %<br/>$4.2 =  Change Market Value billions <br/><br/>The repurchase of shares can increase the stock price. ]]>
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