Seeking Alpha

davidingeorgia

davidingeorgia
Send Message
View as an RSS Feed
View davidingeorgia's Comments BY TICKER:
Latest  |  Highest rated
  • After five days of deliberation, the Senate Judiciary Committee puts its final stamp of approval on the immigration reform bill, setting up a debate on the Senate floor for early June. Three Republicans and ten Democrats voted to support the bill, which would create a pathway to citizenship for nearly 11M undocumented immigrants, invest billions in new border security measures and overhaul the legal immigration system. [View news story]
    Afmomania, we need more people with good job skills who can land *decent paying jobs* to be paying into SS (and a helluva lot more decent paying jobs for them to fill, for that matter). That describes only a tiny percentage of the people who'll be affected by this bill if passed (or of the millions more who will rush in to get a piece of it...that's already happening). The vast majority of the folks that this bill will add will take out way, way more from the social welfare system than they'll ever pay into it.
    May 22 05:43 AM | 1 Like Like |Link to Comment
  • After five days of deliberation, the Senate Judiciary Committee puts its final stamp of approval on the immigration reform bill, setting up a debate on the Senate floor for early June. Three Republicans and ten Democrats voted to support the bill, which would create a pathway to citizenship for nearly 11M undocumented immigrants, invest billions in new border security measures and overhaul the legal immigration system. [View news story]
    >>...invest billions in new border security measures...<<

    Only in some alternate universe where the federal government actually tries to control our border with Mexico, but not in the real one that we're stuck living in. This is one of the two huge lies in this legislation (along with the coverup of gigantic added costs to the U.S. entitlement system that it will trigger, mentioned by others above...that is, gigantic costs to the U.S. taxpayer). If nothing else, the constant misrepresentation and outright lying about what's in this catastrophe of a bill has done (hopefully) fatal damage to Senator "Marcophone" Rubio's presidential aspirations for 2016.
    May 22 05:38 AM | Likes Like |Link to Comment
  • A Closer Look At Suburban Propane Partners' Distributable Cash Flow [View article]
    Great stuff, Ron. Thanks for the info.
    May 21 12:35 PM | Likes Like |Link to Comment
  • Pitney Bowes (PBI +2.6%) looks like the one of the five most interesting ideas out there to value-seeking SA contributor Ulfberht Capital. The take focuses on the premise Pitney Bowes can deleverage its balance sheet and will benefit incrementally from an improving U.S. economy. Though the dividend payout rate could be at risk, a 4.94% yield on PBI shares is also enticing. [View news story]
    It is an interesting start. The question is can they transform their business into something new/modern before their old business and its revenue streams whither to the point of wiping out most if not all the remaining dividend (and maybe the company with it). I think that it's possible (they are off to a good start on it), but I'm making only a very small bet on it happening in time.

    Disclosure: long (barely) PBI
    May 20 02:44 PM | Likes Like |Link to Comment
  • As the last NATO troops leave Afghanistan in 2014, PepsiCo (PEP -0.9%) plans to be opening its first plant in the nation. Despite ongoing turmoil, more multinational firms have been tiptoeing back into Afghanistan due to the lure of wide open markets. [View news story]
    Well, as long as you don't mind some of your employees getting blown up or beheaded from time to time, I'm sure it's a perfectly lovely place to do business.
    May 20 12:51 PM | Likes Like |Link to Comment
  • Stopping asset purchases at once would be too disruptive, says Dallas Fed chief Richard Fisher, appearing on CNBC. The hawk instead calls for the program to be tapered, beginning imminently. "We've made people richer ... the question is what have we done for working men and women in this country." [View news story]
    >> "We've made people richer ... the question is what have we done for working men and women in this country." <<

    Not a bloody thing, Fisher, not a bloody thing. Which, of course, was a feature, not a bug, of this program all along.
    May 20 07:23 AM | 2 Likes Like |Link to Comment
  • Saturday humor: A mile long asteroid set to pass within 3.6M miles of earth on May 31 has a rather ominous official name: QE2[View news story]
    Is there any way to land Bernanke on this asteroid and send him on his way? :-)
    May 18 09:55 AM | 1 Like Like |Link to Comment
  • Now It's Really Time For A Flat Tax [View article]
    You're exactly right, Mr. Picerno, but it'll never happen. With no convoluted tax code, there are no Byzantine rules to punish your political enemies with and no tax breaks to hand out when you're buying votes.
    May 17 06:56 AM | 1 Like Like |Link to Comment
  • A worldwide poll of investors, analysts, and traders conducted by Bloomberg shows more than two thirds believe the U.S. economic recovery is "sustainable," while only a little over a quarter of those surveyed see a return to recession within the next two years. Key drivers of the upbeat forecast include increasing energy independence, rising home values, and "a pause in partisan budgetary battles in Washington" (there's agreement in Washington?). Housing, it seems, is the main talking point: "Anyone who isn't long real estate housing is a moron," Axiom Management's Stan Jonas is quoted as saying. [View news story]
    >>"Anyone who isn't long real estate housing is a moron," Axiom Management's Stan Jonas is quoted as saying.<<

    Anyone who bases investment decisions on polls like this is a moron.
    May 17 06:50 AM | Likes Like |Link to Comment
  • In what has been dubbed as largely a symbolic vote, the House of Representatives did what was expected and opted to repeal the health-care overhaul law, but it's is likely be dead in Congress’s lower chamber. The vote was 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. Sidenote: This is the 37th attempt to repeal the law since it was passed in March 2010. [View news story]
    >>Actually, many consider the Senate the lower chamber and the House the lowest chamber. <<

    Many people consider all sorts of stuff that isn't true to be true. That doesn't make them any less wrong.
    May 17 05:35 AM | 2 Likes Like |Link to Comment
  • Utility Investors Should Focus On ROIC, Not Dividend Yield - Part I: DJU Index's Best [View article]
    Interesting stuff, Jon. Thanks for putting it together and publishing it for us.

    Disclosure: long SO
    May 16 07:53 PM | Likes Like |Link to Comment
  • Canadian PM Stephen Harper lobbied for approval of the Keystone XL pipeline to the U.S. today, citing Canada's environmental credentials and saying arguments for the project are "overwhelmingly on the side of approval." By making the pitch himself, Harper ratchets up the level of government lobbying over the pipeline. Harper’s advocacy “helps cut through the noise and misinformation," TransCanada (TRP) says[View news story]
    If Canada was ruled by a hardline Islamist government, the pipeline would have been approved months if not years ago.
    May 16 07:49 PM | 1 Like Like |Link to Comment
  • The Dallas Fed's Richard Fisher covers familiar territory, questioning the efficacy of QE and noting the Fed could soon be buying 100% of MBS issuance. The section on fiscal policy - subtitled "Oy" - is most memorable for inclusion of a classic YouTube video about the ease of spending money when it's not coming out of your wallet. [View news story]
    It'd be a whole lot more humorous if we weren't having to live through it.
    May 16 09:13 AM | 2 Likes Like |Link to Comment
  • Acting IRS chief Steven Miller resigned Wednesday in the wake of the agency's admission it unfairly screened Tea Party groups seeking tax exempt status from 2010 onward. President Obama called the screening "inexcusable" and emphasized that the IRS was the very last place where he would "tolerate this kind of behavior." The White House also released the letter from Treasury Secretary Jack Lew in which Miller's resignation was demanded. [View news story]
    Today's updated list of links...

    http://bit.ly/13oydIa
    May 16 09:07 AM | Likes Like |Link to Comment
  • Acting IRS chief Steven Miller resigned Wednesday in the wake of the agency's admission it unfairly screened Tea Party groups seeking tax exempt status from 2010 onward. President Obama called the screening "inexcusable" and emphasized that the IRS was the very last place where he would "tolerate this kind of behavior." The White House also released the letter from Treasury Secretary Jack Lew in which Miller's resignation was demanded. [View news story]
    More on this ongoing mess...

    http://bit.ly/16k6OhC
    http://bit.ly/13onIVl
    http://bit.ly/16k6OhJ
    http://bit.ly/13onKwk
    May 16 08:08 AM | Likes Like |Link to Comment
COMMENTS STATS
2,713 Comments
5,401 Likes