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roy piper

roy piper
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  • 3 Car Companies To Buy, 2 To Avoid [View article]
    Toyota is the best buy, by far, for the following...

    1. It withdrew its earning projections today and the stock is down just 2%. This shows that most bad news is priced into the stock.

    2. It is down 50% from its high.

    3. They still make better cars than any US manufacturer.

    4. It trades 17% below its book value of $80/share.

    The earthquake and supply chain issues will not last forever. In a year or so those issues will be resolved and I suspect you might see a good gain back to it's long-term price of 1.5x book value.
    Nov 8, 2011. 09:52 AM | Likes Like |Link to Comment
  • SPDR Gold Trust's Expenses Could Rise In November - Is It Still Worth Holding? [View article]
    This is ridiculous. ALL funds have expenses. The average mutual fund is 1.35%. Imagine what that does to the underlying value over the same 6 years? I'll tell you... $100 worth of stock is now down to $92.17. GLD is just down to $97+. Who cares when gold has gone from $450 to $1875/oz in that period? Every year, you will track 99.6% the price of gold and that is all I care about, not about whether its price is 1/10th an ounce worth. 40bp is a pretty small price to pay for what the ETF does. Also, I am willing to bet dollars to doughnuts that GLD does not raise its expense ratio because its competitor, IAU, is only 25bp. Heck, GLD might actually reduce its expenses.
    Sep 2, 2011. 10:46 AM | Likes Like |Link to Comment
  • Gold and Fiat Currency: 40 Years Later [View article]
    Wow, it is refreshing to finally have someone on this site who understands what gold really is... money. When someone asks if gold is in a "bubble" I know right away they do not understand what gold is in the first place.
    Aug 18, 2011. 11:48 AM | 3 Likes Like |Link to Comment
  • A List of Bruce Berkowitz's Stock Picks [View article]
    Rather than try to find a stock to buy in this market, one could make s better move by buying his fund and getting a portfolio of undervalued stocks. I would not be surprised if he outperforms the S&P500 by 50% on the upside when this turns.

    Paulson was a one tune pony. He did not have above average returns until his home run in 2008. Now he is back to earth.
    Aug 10, 2011. 07:19 PM | 1 Like Like |Link to Comment
  • 5 of the Highest Dividend Stocks in the S&P 500 [View article]
    Why in the world would any person invest in most of these companies when their dividends exceed their earnings? That is essentially self-liquidation of profits, and in a way that is 100% taxable to the investor!

    If you yield 6% and that amount is all your earnings, then you are about locked into a 6% return, which is not only below average, but taxable.

    Bad advice here.

    Except for Pitney, which not only makes more than the dividend, but also has a PE under 10 and is an improving situation.
    Aug 8, 2011. 12:02 PM | 1 Like Like |Link to Comment
  • Gold and Silver Are Not a Safe Haven [View article]
    Gold dropped 30% from peak to trough in 2008, but actually finished the year UP!! Why do anti-gold authors here always forget that little fact? How did the S&P do over the whole year? Or oil?

    Gold is not a safe haven, it is MONEY. The only real money. And it might not pay dividends, but it is the only honest asset left at the moment.
    Aug 5, 2011. 01:08 AM | 5 Likes Like |Link to Comment
  • Gold: Asset or Bubble? [View article]
    Gold is neither a "bubble", nor a "safe haven" nor an "asset." It is MONEY! Unless an author on this site starts with this very basic understanding, there is no reason to read them at all.
    Jul 28, 2011. 10:00 PM | Likes Like |Link to Comment
  • Which Bubble Will Pop First, Gold or Treasuries? [View article]
    I am completely stunned at who they allow to write articles here. I would need my own article twice the length just to correct all of this author's errors.
    Jul 28, 2011. 09:58 PM | 6 Likes Like |Link to Comment
  • What Will Pop the Gold Bubble? [View article]
    This article is invalid because it has a straw man argument as it's basis; that gold is in a bubble. There is no evidence that gold is in a bubble. A look at a 10-year graph does not have any blowoff like silver just did, nor does it have one like the tech-bubble. Second, in bubbles you see all the new money going there but that is not at all the case. When was the last time you saw a gold-related IPO? Heck, the tech sector is more over-valued than gold. Finally, I read that only 1% of the average investors assets are in some gold related asset, which is still below the 5% level that almost all financial planners recommended for decades until the 2000s.

    You know when I will know gold is in a bubble? When the people who keep saying it is in one disappear.
    May 29, 2011. 11:51 AM | 5 Likes Like |Link to Comment
  • Is Gold a Bubble? [View article]
    You know how I know we are not in a bubble? Because many people keep saying we are. Just like when we hit 1200, 1000, 800, 500....

    You know how I will know when it has become a bubble? When the naysayers give up and believe it is not.
    Apr 30, 2011. 11:56 AM | 4 Likes Like |Link to Comment
  • Consider Shorting These 6 Stocks [View article]
    The moment I hear anyone say that gold is bought in "times of economic and financial uncertainty," I immediately discount every single thing they say and believe about money and finance. This author fits the bill.

    Gold is NOT bought because of economic uncertainty or financial uncertainty. Gold IS money. Period. It is a "medium of exchange." End of story.

    Gold does not "go up and down," in fact, gold's value has not changed in 3000 years. It is the value of the local currency that is rising and falling in RELATION to gold.

    Thus, when evaluating gold as part of a portfolio, one must look at the monetary inflation tendencies by that government and the confidence of the world in that currency. In both cases, the medium and long-term outlooks are poor, and thus gold remains a good long-term bet.
    Apr 20, 2011. 01:21 PM | 5 Likes Like |Link to Comment
  • Using History to Determine Gold's Intrinsic Value [View article]
    The proper gold price would be the 1:1 dollar to gold ratio in a no inflation environment where there is no fractional reserve banking. I have no idea what that number would be but my guess is well north of 10k/ounce.
    Apr 9, 2011. 11:46 AM | 1 Like Like |Link to Comment
  • Using History to Determine Gold's Intrinsic Value [View article]
    Yet another gold critic who wonders why gold is up so much more than inflation....... and assumes the bs numbers about inflation are legit, when all indications are that they are lies.

    If you assume that the 300-400/oz price that was stable for a decade til 2001 was "about right" for the amount of money in circulation at that time, then given the gargantuan increase in that money supply since YE2001, the gold price should be about $1600/oz.

    If, like me, you REALLY believe that gold is and always will be the only REAL currency, and that it's actual price SHOULD be (and sooner or later will be) where it equals 100% gold-backing equilibrium, then it should be at least $10,000-30,000/oz. Sounds crazy, I know, and it might take years, but the final push to that value might well happen over the course of a few days or weeks.
    Apr 8, 2011. 03:34 PM | 3 Likes Like |Link to Comment
  • George Soros's (Extremely Successful) Long-Term Holdings [View article]
    Ummm, you call 12 months a "long term holding"???
    Apr 7, 2011. 03:18 PM | 1 Like Like |Link to Comment
  • Dividend Aristocrat Johnson & Johnson's Recent Troubles Create Long-Term Opportunity [View article]
    I love JNJ, but a 10% discount from fair value does not justify purchase. Not enough "margin of safety." Call me when it has a 20-25% discount.
    Dec 13, 2010. 08:59 PM | 2 Likes Like |Link to Comment