Seeking Alpha


Send Message
View as an RSS Feed
View BigOlDave's Comments BY TICKER:
Latest  |  Highest rated
  • Tandy Leather Factory: This Wide Moat Micro-Cap Is A Bargain [View article]

    Oops, sorry. Thanks for your reply.

    Apr 19, 2015. 05:25 PM | Likes Like |Link to Comment
  • Tandy Leather Factory: This Wide Moat Micro-Cap Is A Bargain [View article]
    Long, granular article. Why no mention of dividends?
    Apr 18, 2015. 09:50 PM | Likes Like |Link to Comment
  • VWINX Is The Only Retirement Fund You Need, Unless You Expect Solid Returns [View article]


    Vanguard Wellesley Income Fund Admiral Shares = (VWIAX).
    Vanguard Wellesley Income Fund Investor Shares = (VWINX).

    As you probably know, "Admiral" shares pay a little more (mostly due to lower expense ratio) for a higher minimum position.

    Vanguard Windsor II Fund Investor Shares = (VWNFX).
    Vanguard Windsor II Fund Admiral Shares = (VWNAX).

    I hold short-term cash-like assets in the Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares = (VFIDX), which doesn't hold much appreciation opportunity -- unless T bonds start paying NEGATIVE interest rates -- but has actually outperformed the S&P 500 during the first two months of this year. It pays monthly distributions that yield about 3.1% for now.

    If we put our money in bond funds, we have to track interest rates closely. If (when!) interest rates increase the value of underlying bonds will drop proportionately. I think this is a smarter way to store cash than in money market accounts.

    I don't much care for Vanguard's Wellesley fund, except perhaps for my widow, who has no interest in trading.

    But Vanguard is tough to beat value-wise.

    Mar 2, 2015. 04:24 PM | 1 Like Like |Link to Comment
  • Eastman Chemical: Good Company But Margin Of Safety Not Enough Given Its Risks [View article]
    Using some strange (to me) assessments, this article gives a rather gloomy outlook for Eastman. Checking with the analysts, we find:

    o S&P gives EMN 5 stars -- the highest rating;
    o FirstCall consensus of 13 analysts ratings gives it a Buy;
    o Reuters analyzes it and awards a 9 out of 10 rating; and
    o The Motley Fool crowd gives it 4 out of 5 possible stars.

    With EMN's Price-to-Sales at 1.15; its Price-to-Book at 2.79; and carrying a PEG of 1.16, this would seem to be the right time to buy. Shares look like they bottomed in the upper $60s a couple of weeks ago. Absent a generalized and considerable market downturn, Eastman Chemical looks like a pretty solid buy right now.

    Feb 9, 2015. 02:51 PM | Likes Like |Link to Comment
  • Ituran Location: A Great Small Cap Story For The Long Run [View article]
    I looked at ITRN in mid-2012 and loved the business, dividend, and the fact that Israelis are in control. But it bothered me then -- and bothers me now -- that the trading volume is so thin. One deciding to sell could be trapped and be at the mercy of slick traders.

    Bears watching for the future. Sure sign of growth would be entry into U.S. market in a meaningful way.

    Feb 3, 2015. 01:35 PM | Likes Like |Link to Comment
  • Market Overdue For A Bounce: At Least In Some Sectors [View article]
    I think you have the symbol wrong. (LMLP) brings up two stocks: neither as you described.
    Oct 13, 2014. 03:06 PM | Likes Like |Link to Comment
  • Dupont Nice But Boring, While Eastman Chemicals Provides Twice The Return On Cash [View article]

    Not sure why you're holding DOW, rather than rolling that $$ into EMN.

    Back when it was $78.74 a month ago, I looked at EMN and found that:

    o S&P rates it 5 stars (Strong Buy);
    o 11 FirstCall analysts rate it a Buy;
    o Motley Fool investors rate it 4 out of 5 stars;
    o MSN StockScouter rates it 10 out of 10;
    o Reuters rates it 8 out of 10;
    o average 12-month target is up 18.2%;
    o yield is only 1.7%, but dividend growth is 16.1%; and
    o PEG is 0.98.

    I also looked at competitors and DOW looked like a much worse bet. Eastman Chem has made me +5.3% in 6 weeks.

    Nice comment above on DuPont. And thanks for listing your longs ...and exposing yourself to replies like mine. :-}

    Sep 15, 2014. 06:13 PM | 1 Like Like |Link to Comment
  • ConocoPhillips: Deep Value At A Discount Price Even Without Warren Buffett [View article]

    It's obvious to me that you have shorted COP and are using any discussion board to get people spooked into selling/not buying so you're covered. It's the old reverse pump job and it's also obvious that you are worried because the market sees lots of reasons to buy oil/nat gas E&P companies.

    FYI: market down 0.16% and COP is up 1.27%.

    Time for you to cover and head for the exits.

    Sep 15, 2014. 02:27 PM | Likes Like |Link to Comment
  • ConocoPhillips: Deep Value At A Discount Price Even Without Warren Buffett [View article]
    Dr. Spec,

    Now that you haven't jumped in, what will you do if there is some geopolitical eruption (e.g., Russia starts a Mideast adventure; Israel responds to one of the crazy leaders around her and wipes Iran off the map; the Islamic State blows up some Saudi or Kuwaiti oil fields)?

    Do you jump in then? Or just kick yourself for not getting into (COP) -- one of the geopolitically safest plays on oil and gas -- at $79? (COP) may stabilize at $95 in a heartbeat if we have some international upheaval.

    But then, I suppose I should just believe that Pres. Obama will step in right away and calm the world down ...including the rise of the oceans ...or not.

    Sep 10, 2014. 01:48 PM | 1 Like Like |Link to Comment
  • An End To Our Relationship With Yahoo, A New Era For Equity Research [View article]
    Div Inv LA,

    I think you've either gotten too sensitive over the years, or the cumulative effect of readers ignoring or quibbling about your advice makes you willing to withdraw from the fight. With 3500 comments to your credit, you've obviously had a lot to say. And the more you expose yourself to the world, the more you will be scuffed up by it -- here on SA or in any other forum, I am sure.

    That you may occasionally (or regularly) attract disagreement is not surprising. Check those I follow: there are plenty of comments disagreeing with the contributor ... including some from me. Never assume everything you say is 100% spot on for 100% of the readers, and be grateful that those that disagree with you make a comment, rather than shrug and pass by your post without saying why they didn't "Like" what you contributed.

    One of the positive things SA has done is remove the "Dislike" option, a feature I regularly used, rather than leave a comment. Now if I dislike a post from a contributor or reader, I have to measure how much I disagree with what was said. Most of the time, I just "shrug". If I think my disagreement would edify others, I start tapping out a reply ... some of which I realize are petty or tangential, and I cancel it.

    So I, for one, will miss you. But I don't want SA to give you ajada, sleeplessness, or a diminished sense of self-worth. I'm just afraid you'll find that in any opinion forum you join.

    Sep 6, 2014. 11:08 AM | 1 Like Like |Link to Comment
  • Seadrill: Riding The Long-Term Wave [View article]
    (NYSE:SDRL) has underperformed the S&P since Fall 2013, but looks like it may be making up some ground. Yield without appreciation is NOT why I hold these shares.
    Aug 31, 2014. 09:04 PM | 1 Like Like |Link to Comment
  • A Healthcare High Dividend Stock With 25%+ FFO Growth; Yielding Over 7% [View article]
    Left, I noticed SBRAP's thin trading volume = a possible trap.
    Aug 31, 2014. 08:56 PM | Likes Like |Link to Comment
  • Drillers Downgraded, Seadrill Down 5% In 3 Mondays [View article]

    Yes, $32/sh is a dream. If there is a major correction for any reason other than the Mideast blowing up, you might see $33 again. If it gets close to this, buyers will be coming out of the woodwork. At today's tick, (NYSE:SDRL) yields 11.25%. But for the fact that SDRL makes up 9.2% of my portfolio, I'd be buying more under $38/sh.

    Aug 5, 2014. 02:41 PM | 1 Like Like |Link to Comment
  • Eastman Chemical: A Chance To Invest In A Growing Company At A Low Price [View article]
    S&P agrees with you, giving (NYSE:EMN) 5 stars. FirstCall consensus is a "Buy"; Reuters rates it 8 (out of 10); MSN gives it 10 out of 10. Consensus target is up 20.9%. Dividend growth is 16.1%.

    It is in several good sectors within the chemical manufacturing industry -- sectors Dow Chemical and BASF don't care to compete in -- and the smaller companies struggle to compete profitably. That gives it a comfortable moat.

    I'd been watching it and, when it took a dive, I jumped in. Looks like it hit bottom: today it's up nearly 1.0%. I plan to hold it for the long term, looking forward to good share appreciation and nice Y-o-Y dividend increases.

    Aug 4, 2014. 04:38 PM | Likes Like |Link to Comment
  • An End To Our Relationship With Yahoo, A New Era For Equity Research [View article]
    Why not set up your portfolios on Google Finance? I've never used Yahoo, but have no complaints about Google. And they show SA articles for stocks. I don't start researching a company on SA, but I never make a move without catching the latest tell from SA readers, as well as contributors.

    Sounds to me like Eli made a good business call, which will hurt Yahoo more in the long term than it hurts SA.

    Jul 31, 2014. 05:10 PM | 16 Likes Like |Link to Comment