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  • Sunoco Logistics Partners - Is The 6.5% Yield Sustainable? [View article]
    Just curious what happens to SXL revenue when the Saudis end up putting a lot of the new oil field supply out of business. This is their goal, even it they do not state it in such stark terms. They prefer to use the term "protect market share". So, for example, to the extent SXL depends on crude from Bakken and Permian, if those fields become fallow due to extinction of producers there, what revenue impact will that have on SXL? This article does not address that potentiality when, in fact, many producers are filing bankruptcy at an alarming rate. Please demonstrate to me why I should not be concerned. Thank you.
    Nov 23, 2015. 08:28 PM | Likes Like |Link to Comment
  • GSEs down sharply as Treasury squashes recap idea [View news story]
    As long as GSE's are forced to do dumb stuff like the new 3% down payment through Quicken loans, of course the taxpayer is on the 'hook'. Besides, Lew is Treasury. The net income sweep is paying down his gigantic deficit/national debt. We should be asking someone who does not have a political reason for capitalizing or not capitalizing. Asking Lew is like asking a drunk if he still likes liquor.
    Oct 19, 2015. 04:25 PM | 10 Likes Like |Link to Comment
  • My Take On Senator Corker's Investment Advice [View article]
    Hank Paulson forced the big banks to get rid of their sub-prime loans and crammed them into FNMA and FMCC. Then he force the big banks to take TARP money. Then he declared FNMA FMCC bankrupt because of the bad loans he crammed, and placed them into Conservatorship. Then he forced FNMA and FMCC to take 185 billion gov't money because he had just bankrupted them. FNMA and FMCC have paid back the 185B plus about 30 billion more (in less than 7 years). Now the executive and legislative branches of the federal gov't like the flow of funds coming out of FNMA and FMCC so much (it is being use to pay down the budget deficit and national debt) they don't want it to stop.

    This whole thing stinks to high heaven. FNMA and FMCC were never bankrupt, even after having to swallow all of the bad sub-primes from the big banks. Now our gov't is telling us they don't want to privatize FNMA and FMCC because they may need to bail them out again if the housing market rolls over again.

    I am not making this crap up. Corker is a dunce.
    Oct 10, 2015. 02:45 PM | 2 Likes Like |Link to Comment
  • My Take On Senator Corker's Investment Advice [View article]
    Oct 8, 2015. 12:44 PM | 3 Likes Like |Link to Comment
  • Monitise Shares Can Trade Meaningfully Higher [View article]
    I should have specified 'a major common platform designed exclusively for retail customer transactional interface'. One such thing I can think of are bank-issued credit cards (i.e. VISA and Mastercard), specifically the related software. Plus, all banks, even small ones, have online websites where retail transactions can be made. So, all one has to do is get online to "pay anybody, buy anything, bank anywhere". That's all Monitise offers. All mobile devices can get online anywhere.

    There are other common software applications used by many of the big banks (e.g. SASS, a bunch of Microsoft Enterprise stuff, Oracle, SAP, etc.). IBM would supply foundational back-office stuff. Monitise is at the crucial customer-interface level. Banks are real picky about how that happens.
    Oct 7, 2015. 07:57 PM | Likes Like |Link to Comment
  • Monitise Shares Can Trade Meaningfully Higher [View article]
    Similar to the situation with VISA and MasterCard objecting to their competitor (i.e. each other) having the same MONI platform, has anyone considered the possibility that banks (especially BIG banks) do not want THEIR competitors to run on the same MONI platform? What advantage does that provide them? I say none.

    If anybody can provide to me examples of MAJOR common platforms the big banks presently use from an outside vendor, please do so and I will concede the point.
    Oct 6, 2015. 09:40 PM | Likes Like |Link to Comment
  • Why Monitise Is Done [View article]
    So, my suspicion was correct. Thanks for tacitly confirming your motive.
    Jun 15, 2015. 09:45 PM | Likes Like |Link to Comment
  • Why Monitise Is Done [View article]
    Two things puzzle me:

    1. Why you fancy yourself to be an expert in all things Mobile Commerce when, in actuality, you are not even a 'techy' actively employed in the industry. You have no mobile commerce credentials.

    2. Why you care what happens to Monitise. What difference does it make to you? If you are not long, or short, the shares then you should be indifferent to MONI's fortunes or misfortunes.

    Which brings me to a strong suspicion that you may be receiving some sort of gift, benefit, or fees, directly or indirectly, from people who are short or directly, or indirectly, stand to benefit from short positions. After all, your latest missive on Monitise did drive the shares down almost 7%. And if none of this may be true (we will never know) the fact would remain that you have no reason to be doing this.

    Nobody else is doing it.
    Jun 15, 2015. 08:23 AM | 1 Like Like |Link to Comment
  • Why Monitise Is Done [View article]
    Following is Monitise's response to my inquiry to them yesterday:

    This guy Santos seems to be engaging in a bit of schadenfreude concerning Monitise. I suspect he may be a mouthpiece for short interests. He has been gratuitously enjoying your misfortunes for several months now.

    I would like to know from you how his understanding is flawed.

    Dear ___,
    Thanks for your email. The article below seems to suggest that Monitise is a payment method, and therefore competing with Apple Pay and Google Pay. We are not a payment method. I have attached our latest annual report, which sets out on pages 4 & 5 how Monitise operates and what we provide to our customers.

    In summary:

    · ApplePay/GooglePay type services enable consumers to make in-store proximity payments and eCommerce payments from their mobile.

    · Monitise enables bank customers to check their balances and transactions, pay bills, pay other people, set and manage alerts, deposit cheques etc.

    · We are agnostic with regard to payment method. We integrate whatever method our clients want. If something like ApplePay is successful (no guarantee!) and if our clients want to participate, and if it requires connectivity to banking app (doesn’t at present), then our client would ask us to connect to it, which Apple would make easy because they want to encourage adoption.

    I hope this helps.

    Kind regards,
    Jun 12, 2015. 10:32 AM | 4 Likes Like |Link to Comment
  • Kinder Morgan: Is The Stock About To Take A Nosedive? [View article]
    I enjoy and value your insights about KMI. I am also long KMI and plan to get much longer. I get the part about KMI is a 'toll road' keeper and, as such, does not get directly impacted by current oil woes. But I can't get my head wrapped around the notion that the impending demise of shale oil's weakest players, and capping hundreds of wells throughout North America, does not result in lower volumes flowing through KMI's 'toll roads'. Why does that not result in lower fee volumes at KMI? It bothers me.
    Jan 9, 2015. 09:23 AM | Likes Like |Link to Comment
  • Notable earnings after Monday’s close [View news story]
    Yea, that's too bad. But we shouldn't care because if he had posted an actual article it would probably not have been reasoned very well either.
    Nov 23, 2014. 06:45 PM | Likes Like |Link to Comment
  • Visa slicing away stake in Monitise [View news story]
    VISA stake has been reduced from 15% to 5.5% due to dilution alone. They haven't sold any shares. To claim that they have 'trimmed' their holdings implies they have executed sale transactions, which is untrue.
    Oct 11, 2014. 12:41 PM | 1 Like Like |Link to Comment
  • Carney: Don't buy the dip in Frannie [View news story]
    I need to know what Ackman, Berkowitz and Icahn have done with their shares.
    Oct 2, 2014. 10:06 AM | Likes Like |Link to Comment
  • The Case For Fannie Mae: Perry's Motion For Supplementation Of Defendant's Administrative Record [View article]
    I too am interested in the remainder of the briefs.
    Sep 29, 2014. 10:06 AM | 2 Likes Like |Link to Comment
  • Will Micron Shoot The Lights Out Thursday? [View article]
    TTM EPS multiple is less than 11.
    Sep 25, 2014. 10:08 AM | 2 Likes Like |Link to Comment