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treesmiths

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  • Capstone Turbine's (CPST) CEO Darren Jamison on Q2 2015 Results - Earnings Call Transcript [View article]
    I am encouraged by the details. The numbers could have been stronger of course, but I am still holding long and can afford to wait. I think I will go outside and watch my trees grow.
    Nov 9, 2014. 11:04 AM | 2 Likes Like |Link to Comment
  • Even The Council On Foreign Relations Is Saying It: Time To Rain Money On Main Street [View article]
    Municipal bonds, etc. (income from government investments) have no tax. It is not Mitt Romney that is the problem. It is the structure.

    Puerto Rico bonds were wildly popular just a few years ago because they had the unique advantage of no federal, state or local taxes levied on the bonds income. Now the drunken sailors have a hangover and must face tough choices (those bonds may fail).

    Our WA state estate tax is 50%. You want more teeth, even after building wealth over a lifetime and paying tax on that creation?
    Sep 10, 2014. 07:58 AM | Likes Like |Link to Comment
  • The Best Place In The World To Find Big Dividend Yields [View article]
    I bought SLW (Silver Wheaton) earlier this year and my bokerage sent me a notice that I had to file some tax documents with Canada. But it is traded here. I backed away and sold, just out of ignorance. The tax issue is something that I need to know much more about before I can even think of buying a foreign stock/fund.
    Sep 4, 2014. 09:00 AM | Likes Like |Link to Comment
  • Even The Council On Foreign Relations Is Saying It: Time To Rain Money On Main Street [View article]
    Wasn't that the whole idea behind 'cash for clunkers'? To give away money and constructively amp production, and get the old smog belchers off of the highways?

    And the 1%ers probably did not drive a clunker.

    We now have 'free healthcare' that is paid for by the 1%ers with a 3.8% additional ACA tax. Closing in on $18 Trillion in debt, what would the author suggest as a new tax on the rich to enable this boondoggle for the masses?
    Sep 2, 2014. 09:05 AM | 6 Likes Like |Link to Comment
  • Middlesex Water: A Little-Known Dividend Aristocrat [View article]
    If and when rates go back to normal (200 year average is 6%) don't you think investors might leave for greener pastures, driving down the stock price? A dividend under 4% just isn't as attractive as a 6% CD. I looked at the ten year chart and this stock was lumpy when it had to compete with attractive interest bearing options before 2008.
    Aug 28, 2014. 08:54 AM | 3 Likes Like |Link to Comment
  • CSX Is Dirt Cheap [View article]
    No mention of debt, or the cost of it, and no mention of any legal troubles that may increase liabilities. Nice article, it made me think. Thx.
    Aug 10, 2014. 09:25 AM | Likes Like |Link to Comment
  • The Euro Goes Negative [View article]
    I think that there are a few exceptions to the pyramid. Healthy farmland in an area with regular rain (not the central valley of CA) has an intrinsic value because of its ability to feed people. Real estate in general terms to me, means housing, and when times are tough people will consolidate and live together like the Waltons.

    Vacancy rates will go up. Shopping malls will be a horrible investment.

    But, intrinsic value can take other forms beside just gold. During the civil war, California residents saw the value of Federal dollars rise and fall as much as 30% based on the outcome of the latest battle or major skirmish with the south. Ames shovels were used as trading currency instead of gold for smaller purchases and their value was stable. The population was agrarian based and the shovel was a needed asset for daily life.

    I want to invest in today's shovel (cell phones, oil industry, solar, soap, or even farm land etc.) to limit my exposure to the coming debt crisis. Metals play a part, but I cannot agree to put all of my eggs into that basket.
    Jun 21, 2014. 10:31 AM | 1 Like Like |Link to Comment
  • Starbucks Is A Sell [View article]
    You focused on Howard's stock sales. What if he wanted to diversify his portfolio of investments instead of "financing their lives"?

    You did not acknowledge Starbucks coffee trading office in Switzerland that deals in futures including selling coffee to other companies. Starbuck's R&D facility in Seattle creates new products weekly, and has a backlog of projects waiting to come to market which will further utilize and expand the financial footprint of each store. And it also creates new opportunities as they acquire new brands, compounding the retail reach of the company.

    And you did not acknowledge the superior growth of the brand - they open 4 or 5 new coffee stores every day, all year on a global growth plan. Do you really think that Dunkin' or McD's has the sophistication to take the market share away from SBUX or keep the interest of the average Starbucks customer? "Do ya want fries with that?"

    The primary focus of your article is based on the price of coffee. SBUX pays more in health care costs than they buy in coffee beans every year. The net input cost per cup of coffee is very small. They combat price fluctuation by futures and plantation ownership.

    Why aren't you focused on the impending ACA regulations and its potential increases in costs to SBUX bottom line instead? That is a much bigger threat to all retail establishments and the overall market.
    Mar 25, 2014. 11:43 AM | 2 Likes Like |Link to Comment
  • Is It The Right Time To Buy Starbucks? [View article]
    They open 4+ new stores a day, 7 days a week, 365 days a year. They continue to innovate and create new revenue streams with new products. They are operating as if the economy was doing better than it is, and the competition is getting schooled (McDonalds and Dunkin). So they did a shuffle at the top? Take the opportunity and just hold it for a year. The company will have 10% more stores, more products and greater market penetration.
    Jan 31, 2014. 08:46 AM | 2 Likes Like |Link to Comment
  • Timberland Investing: What You Need To Know Now [View article]
    It is sold for $2.00 per log and has utility uses, mostly firewood. Once the tree dies it starts to decompose. Heart rot will stain the wood and can be rejected at the mill. The trees must be felled before the infestation is too bad, but that involves selective logging and may require higher costs for operations.
    Aug 14, 2013. 10:39 AM | Likes Like |Link to Comment
  • Timberland Investing: What You Need To Know Now [View article]
    Interesting article, but missing a few points:

    You made no mention about the rise in government regulations and the loss of acreage that is has caused (25% for me). Nor did you mention the closure of many mills that has left the marketplace with fewer options for growers. In some parts of eastern WA mills are so far a distance that it does not pay to put the logs on the truck.

    Red Alder is now the same price as Doug Fir, especially if you have veneer grade peelers used for cabinetry. Alder used to be a trash tree used just for firewood, but it now makes sofa frames, doors, cabinets etc.. Plus it has a much shorter timeframe (25-35 years). Western red cedar is now the highest value tree in my woods at $1200+ per thousand board feet. The mills will accept wood down to 4 inches
    in diameter! In the '80's cedar was a low value tree. What I am saying is the type of wood you are investing in would be far more a predictor of current returns, and this was not highlighted in the article. Incense cedar and redwood are better in California, etc..

    The pine beetle has been very busy in many parts of the U.S. and is not limited to just Canada. I did not see a mention of this devastation in states like Colorado, Montana, Idaho etc..

    The Tree Farm program has become politically active along with other organizations, and there exist many subsidies that would boost a bottom line were the investor inclined to forgo a moral compass and accept the dole. There is a petition being circulated asking Congress to apply more money to the pest problems faced by us farmers. Just add another straw to the back of the taxpayer. Not.

    Just as a generally applied chart to "farmland" would show an increase in acreage prices, so does "timber". But as any crop, timber has specific and changing marketplaces. Pests, government and weather can take a toll, and have significant pressure on returns.
    Aug 3, 2013. 09:33 AM | 7 Likes Like |Link to Comment
  • Timberland Investing: What You Need To Know Now [View article]
    The wood supplied to cogeneration facilities is generally chipped scrap/sawdust from mills. Also, here in western Washington more counties are adopting a no burn policy when land is cleared and the slash now must be chipped. The chips are used for many things; electricity is one.
    Aug 3, 2013. 09:06 AM | Likes Like |Link to Comment
  • Poll Shows 73% Americans Think Starbucks is Overpriced [View article]
    Just revisiting this article. Your words were true!
    Aug 3, 2013. 08:55 AM | Likes Like |Link to Comment
  • Rising Interest Rates? What Value Investors Are Doing [View article]
    Decent article, but what I liked most was tracking the swings during the election years.

    I found the relatively flat years during the Carter administration, very interesting when interest rates were at the peak. I had a passbook savings account that had an 11% yield! Yet the S&P had a + or - of about 10% over 4 years.

    Then, in 1980, optimism stepped in and the market took off. In 20 years I wonder if I will say the same thing?
    Aug 2, 2013. 02:25 PM | 1 Like Like |Link to Comment
  • Despite Declining Deficit, Foreigners Aren't Bailing Us Out, So The Fed Will Keep QE Going [View article]
    I have been wondering about the wisdom of the Fed acquiring a large quantity of mortgage backed securities with some of the lowest interest rates in history. After this much time, they must have well over $1 Trillion in notes (?) that will consistently underperform in the coming years. The 200 year average for interest on long term debt is 6% (according to a Dutch study) and my belief is that rates will continue to rise to that level within a few years.

    It seems to me that the US taxpayer is now the owner of an asset that very few would ever want, should the Fed decide to lighten its load.

    Selling the asset for less than face value would be political suicide for any sitting president, but how else will the Fed ease out of its abundance of MBS? Doesn't this create a huge negative for our countries' financial future?
    Jul 27, 2013. 10:11 AM | 1 Like Like |Link to Comment
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