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  • Railroad demand strong despite crude oil developments [View news story]
    According to analysts call by CNI, this is not true. They could be fibbing of course, but would invite you tobBe careful of blanket statements such as "can't get".
    Jan 13, 2015. 12:23 PM | 1 Like Like |Link to Comment
  • Bill Gross PIMCO Exit Creates Unprecedented Value In CEFs [View article]
    How do you know what he personally owns. - is it reported in the annual proxy statement?

    Also, with regard to possible "Bonus Dividend" at year end for some of these funds, a purchase today would risk a taxable event in about two months, with no substantial economic gain (unless the funds soar in that time period). It would appear to me that this value buy strategy should be executed only in tax sheltered accounts….?
    Sep 27, 2014. 10:25 AM | Likes Like |Link to Comment
  • Running The Kinder Morgan Tax Obstacle Course [View article]
    What is the tax effect when negative basis shares of KMP are gifted?
    Sep 23, 2014. 02:56 PM | Likes Like |Link to Comment
  • Exxon 'Immobile' - No 3% Yield And No Plans To Form An MLP [View article]
    Another thought: management apparently feels that the best use of shareholder resources is buybacks while failing to deliver significant increases in assets in the ground. While investing a great deal of capital overseas, in Russia/Sakhalin, they have largely missed the shale opportunity at home. Perhaps will change this in future, but it does cause an investor to pause...
    Aug 2, 2014. 06:33 AM | 1 Like Like |Link to Comment
  • Exxon 'Immobile' - No 3% Yield And No Plans To Form An MLP [View article]
    I have a friend who has worked there for 20 years, Houston. They are building a 100,000 square foot gym for employees…with shareholder money. After hearing that and reading this enlightening article, I'm heading for the exit.
    Aug 2, 2014. 12:17 AM | 3 Likes Like |Link to Comment
  • Kinder Morgan Faces Yet Another Bear Attack [View article]
    Having owned KMP, KMI and KMR for more than 10 years, my reliance is on the PEOPLE who run this company. Kinder exited his post at Enron as the crooks were taking over. He went on to buy pipelines on the cheap and has produced remarkable results over and over. He has never been accused of any sort of mismanagement or fraud in these many years of producing rising dividends while maintaining modest level of debt. Sure, their have been some mistakes, like Rockies Express, but they seem to be rare. Let's recall too, that with Keystone Pipeline being stymied by NIMBY's and misguided "environmentalists", Kinder controls one of the major pipelines bringing hydrocarbons from Canada to the USA.
    It is possible that a company that has grown as large and arguably unwieldy as the Kinder Morgan complex may be more difficult to manage. But to accuse someone with a demonstrated multiyear record of clean operations of suddenly going south is difficult to believe. Take a listen to Rich Kinder's response to the Hedgeye charges last summer, I believe it is still available on the Kinder Morgan website.
    In the end, business is about the personalities involved and Rich Kinder, from all appearances, remains very hands on and financially committed to this enterprise. I'm still in!
    Feb 24, 2014. 11:29 AM | 14 Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: Pullback Offers Attractive Entry Point For Long-Term Yield Hunters [View article]
    That's what they said about Berkshire Hathaway at $30K per share!
    Nov 14, 2013. 07:03 AM | Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: Pullback Offers Attractive Entry Point For Long-Term Yield Hunters [View article]
    Uncle-I think you are onto something here. This may explain why EPD has held up relatively well as compared to KMP/KMR and even other MLP's like WMB. On the other hand, it does not explain why KMI has been such a sleepy performer.
    As a long term holder of the Kinder Komplex, and other MLP's I also am uncomfortable with distortions likely brought to this sector by the proliferation of ETF's and other such Wall Street manufactured products that are promoting the sector to retail know nothings.Due to the fickle nature of retail yield hungry investors, I think this sector's volatility is likely to increase relative to the past ten years especially as interest rates rise.
    Nov 14, 2013. 07:01 AM | Likes Like |Link to Comment
  • Rich Kinder 'Does His Job' [View article]
    I think you have something valuable to contribute, but are need of a proof reader!
    Sep 30, 2013. 08:50 PM | Likes Like |Link to Comment
  • Charlie Munger: Energy Independence Is Dumb [View article]
    I love how gold bugs, such as the author always come around to finding a way to justify buying the glitter. Like an insurance salesman who, claiming he is a "financial planner" somehow always recommends an insurance product to meet your needs.

    Oil is a far more attractive inflation hedge than gold. Why? it has practical value. You can't escape the invading hoards by dropping Kruegger Rands in the tank of your family motor home.

    Also, using Charlie Munger's figures, do the math: oil at .50/BBL in the 1930's oil is now 200 times more expensive. Gold at $35 in the 1930's is now 40 times higher. Which would you prefer as an inflation hedge?
    Jul 27, 2013. 01:09 AM | Likes Like |Link to Comment
  • Buying Apple Today: Like Buying Microsoft in 1998? [View article]
    I find the Apple defenders a bit too strident. The article's author makes a good point about MSFT being dead money for a decade (and BTW, his calculation of split adjusted price for '98 vs '09 is correct). He could have also mentioned other tech favorites of the late '90's like Cisco.
    Here's my worry about Apple: technological obsolescence. I love and own an I-touch (won't buy the phone until someone other than ATT is the carrier). I am in the market for a new notebook. Cannot bring myself to payu $2,300 or so for an Apple when Costco is selling net books from Dell at under $400. Think about the Cloud. If I can store my data remotely created using Google based spread sheet and word processing applications on line, why would I want to pay for hardware and software with my files resident on a hard drive that needs constant backing up because the drive may die?
    While Apple is a fabulously creative company, until the Cloud threat to their computer offerings is clarified in my mind, I'd stay away from the stock.
    Sep 13, 2009. 02:11 PM | 2 Likes Like |Link to Comment