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  • Kinder Morgan’s new convertible shares have 9.75% coupon [View news story]
    Conversion price is variable. Shares convert at par when KMI is $30.88 to $36.284. If share price is less than $30.88 bondholders will get a fixed number of KMI shares valued at less than $1,000. If share price is greater than $36.284 bondholders will get a fixed number of KMI shares valued at more than $1,000 (but not worth as much as having owned the underlying shares outright).
    Oct 27, 2015. 12:16 PM | 1 Like Like |Link to Comment
  • Meet the new U.S. automobile startup [View news story]
    Ladies and gentlemen, I present to you the 21st century's Reliant Robin.
    Jul 10, 2015. 04:23 PM | 7 Likes Like |Link to Comment
  • The secret weapon from Tesla Motors may have arrived [View news story]
    Was Tesla's outpost down the street from this year's Berkshire Hathaway meeting a pop-up?
    May 27, 2015. 10:43 AM | 2 Likes Like |Link to Comment
  • Buffett ups FOXA/PCP/PSX stakes, slashes NOV stake [View news story]
    No. Berkshire takes the dividends as cash with decisions to add more to a position decided independently of dividends received.
    May 16, 2015. 07:49 AM | 3 Likes Like |Link to Comment
  • Fire destroys GE storage facility at Louisville Appliance Park [View news story]
    Isn't this owned by Electrolux and not GE? General Electric sold its appliance division for $3.3 billion last year.
    Apr 3, 2015. 07:44 PM | 1 Like Like |Link to Comment
  • Why I Am Convinced IFAN Financial Is Going To Zero [View article]
    Just a heads up - It's been a couple months since your article was published and I just received what appears to be the same mailer touting this junky stock. Looks like its still being pushed.
    Jan 13, 2015. 11:41 PM | 1 Like Like |Link to Comment
  • OPEC is "throwing in the towel" - SocGen [View news story]
    USD is up closer to 10% than 35% in that time period as measured by the US Dollar Index. There are few notable 15% moves (JPY for example). The only major currency I see with a 35% drop against the dollar is the Russian Ruble.
    Nov 27, 2014. 11:27 AM | 3 Likes Like |Link to Comment
  • Buffett wins again on BNSF purchase [View news story]
    Excellent point. I neglected the cash taken out of the business when looking at the return. Buffett did well.
    Nov 10, 2014. 10:51 PM | 1 Like Like |Link to Comment
  • Buffett wins again on BNSF purchase [View news story]
    This investment doubled five years after a recession. Sounds like a normal return. The S&P 500's total return in that same period is roughly the same.
    Nov 10, 2014. 10:24 AM | 3 Likes Like |Link to Comment
  • North Korea's Kim Jong Un's absence continues [View news story]
    " annual event Kim has attended without fail since he took power." So he attended this event just twice in the past?
    Oct 10, 2014. 09:39 AM | 1 Like Like |Link to Comment
  • Lego to end Shell collaboration after Greenpeace pressure [View news story]
    Legos, being made of plastic, are made from oil.
    Oct 9, 2014. 01:03 PM | 6 Likes Like |Link to Comment
  • Speculation on investor stake lifts McDonald's [View news story]
    If someone is actually building a big stake, I would bet it's someone who wants to push for creation of a REIT for the real estate assets.
    Sep 29, 2014. 03:24 PM | 3 Likes Like |Link to Comment
  • Visa Inc. Announces New Conversion Rate for Class B Common Stock [View article]
    It's like a buyback. Visa has three classes of shares. One class is the Visa we all know and love and can trade on the NYSE. One class of shares is owned by the banks that did not sell their entire stake in Visa's IPO. The final class is similar to the shares that trade on the exchanges, but was set aside to cover legal payments. When Visa went public, it had massive amounts of litigation going on. The special share class can be converted into Class A shares, but the number of shares that are received in a conversion drops every time a legal payment is made. As payments are made, the potential for dilution drops a little bit more.
    Sep 24, 2014. 08:48 PM | Likes Like |Link to Comment
  • Amazingly, Yahoo Will Still Do Badly [View article]
    He's using the proper formatting for posting on Yahoo Finance message boards.
    Sep 17, 2014. 01:47 PM | 4 Likes Like |Link to Comment
  • Amazingly, Yahoo Will Still Do Badly [View article]
    It's in the prospectus. 121M shares from Yahoo are part of the shares being sold, with another 19M shares reserved for an overallotment option. The overallotment will be exercised if BABA is trading above the IPO price.
    Sep 17, 2014. 01:39 PM | 1 Like Like |Link to Comment