echinio9

echinio9
Send Message
View as an RSS Feed
  • Blackstone: Excellent Opportunity For Medium To Long-Term Investors  [View article]
    BX is passive stock-picking (deferring to the best ppl in the business. SPY is deciding that the random walk theory is true. Depends on your philosophy.
    Feb 5, 2016. 02:15 AM | Likes Like |Link to Comment
  • Blackstone: Excellent Opportunity For Medium To Long-Term Investors  [View article]
    Isn't that in the specific context of shorting a stock or going on margin?
    Feb 5, 2016. 02:12 AM | 2 Likes Like |Link to Comment
  • Valuing Dividend Aristocrats - Archer Daniels Midland Vs. Hormel Foods  [View article]
    Mark. Always a keen follower of this series and others that you write. I noticed from your other articles that it's important in your strategy to acquire stocks at prices that gives you a high Dividend Yield (>4%?). However as the table pointed out above, ADM only provides 2%+ at Expected growth. Is it because you expected an accelerated growth in stock price? Thanks.
    Jan 31, 2016. 05:27 PM | 1 Like Like |Link to Comment
  • Nestle: The Best Dividend Growth Stock Nobody Talks About  [View article]
    How does this 35% wihholding tax ultimately gets reclaimed by the investor in the system? Does the ADR issuer claim it back to offset against its tax liability with IRS? The benefit is then passed down to investors?
    Jan 28, 2016. 05:36 PM | Likes Like |Link to Comment
  • Blackstone misses by $0.09, misses on revenue  [View news story]
    Here comes the price slides, downgrades and further slides... time to buy.
    Jan 28, 2016. 07:46 AM | 1 Like Like |Link to Comment
  • Earn 6.7% On Cash With A Decent Chance To Buy Exxon Mobil Under $60  [View article]
    rickevan, i like your theory on paper. But I'm a newbie so i went to look at today's live prices to work out my understanding of your theory. So, say Apr'16 $60 Puts, the bid price is only $0.85. So even if i did this 4x over the same period (4 quarters), I won't get a better income than Mark's methods?

    Besides, if triggered, I'm always going to be wearing a higher cost of purchase at $59.15 ($60 - $0.85)?

    Appreciate your answer. I must be missing something.
    Jan 26, 2016. 06:20 AM | 3 Likes Like |Link to Comment
  • Berkshire Hathaway: Trading At An Estimated 11.6x Earnings With An Intrinsic Value Of $180/Share  [View article]
    Agreed with retirement is under-rated.

    Left Shark Investing - while I think you have done a fine job in your analysis and commentary, your attitude and response to your readers should have taken a kinder approach, even if for your own sake. Goldfinder was polite and was genuine in his question.

    I look forward to a time when you manage to find humility and I'll be back reading your articles again. Your fellow SA contributor, Mark Bern, is a great example of how to write and behave: analytical, knowledgeable and respectful.
    Dec 31, 2015. 01:50 AM | 12 Likes Like |Link to Comment
  • Why Diversification Is An Important Tool Of Managing Risk  [View article]
    seekingfoolishness, I do not know your circumstances so you may have reasons to believe you can adopt Buffet/Munger's style and replicate their results. For me, I'm leaning towards diversification these days because I finally understood WATCHING THAT BASKET by Buffet is not the same as WATCHING THAT BASKET by me.

    He gets insights direct from boardrooms and corridor chats with CEOs of his companies. He gets to look right into the horses' mouth, well so to speak.

    Now what do i get? Annual reports and analyst yaks when it's already too late? Speculations, assumptions and hope?

    While the sound-bite is nice and catchy.. I suspect the reality is a little more complicated. Here's my countering sound-bite: Variety is the spice of life?
    Dec 30, 2015. 04:59 AM | 3 Likes Like |Link to Comment
  • The Time To Hedge Is Now! December 2015 Update  [View article]
    No additional insights to add. Just recording my thanks and continued support for this excellent series of articles.
    Dec 29, 2015. 02:24 AM | 2 Likes Like |Link to Comment
  • Valuing The Dividend Aristocrats: PepsiCo Vs. Coca-Cola  [View article]
    Hi Mark, thanks for this simple and easy to understand model. I had a more complicated one that I used but it's so tedious to maintain that I eventually gave up and began relying more and more on "gut feeling". Which is bad!

    One question on the DDM valuation method: Should you also consider the current balance sheet value? If the business were a cashflow-positive business, dividends are paid out of future cashflow and not from the current Balance Sheet net asset position.. hence am i correct to say that we have not valued the business' net asset value as at today (upside value to the model)?

    Thanks in advance for your thoughts
    Dec 29, 2015. 12:50 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: Why Is (Almost) Everyone In Panic Mode?  [View article]
    Hi Bruce, Bikerguy,
    Thanks for your reply. I'm probably not qualified to make a professional assessment. I just know that in the private pipelines company i work for, the majority shareholder is very particular abt this measure i.e. "make sure we don't fail the impairment testing".

    It doesn't affect future cashflow but I guess their concern is that an impairment reduces the book value and thus affect their future sale price?

    My logic thus follows that if they are concerned with it, I should also pay some attention to it.
    Dec 6, 2015. 05:50 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: Why Is (Almost) Everyone In Panic Mode?  [View article]
    Thanks for a good article and the research behind it. What do you think about their Goodwill asset on the balance sheet? And if they will pass impairment testing?
    Dec 6, 2015. 06:08 AM | 3 Likes Like |Link to Comment
  • How I Created My Portfolio Over A Lifetime - Part V  [View article]
    Like many of the readers who commented, I too would someday like to impart some of this line of thinking to my children. I consider this a "teach them how to fish" kinda thing. Then again, they're still young (oldest 9 y/o), and I have some time still. But I'm not even sure if any of them have any interest / capacity to pick it up.

    It's also a shame they don't teach these things in the formal education process. I was brought up in the Australian education system and then went to uni in the UK. Never have I the chance to learn this. Maybe it's more informative in the US? It should be taught as some sort of a "life science" or approach to life lesson.

    Thanks for allowing me a mini rant.
    Oct 11, 2015. 09:01 PM | 2 Likes Like |Link to Comment
  • Disney: Evercore sees upside; ESPN faces layoffs, budget cuts  [View news story]
    Likewise, I had to pay $50 cable packages (min) which include a lot of other things I don't need JUST to get ESPN live games, here in Australia. I've stopped the subscription awhile ago, but would gladly pay $20-30 for a disney/ESPN only subscription if there was one.
    Sep 22, 2015. 11:19 PM | 3 Likes Like |Link to Comment
  • How I Created My Portfolio Over A Lifetime - Part IV  [View article]
    Thanks for squeezing this in Mark. I definitely benefitted from this article.
    Sep 22, 2015. 09:43 PM | 1 Like Like |Link to Comment
COMMENTS STATS
106 Comments
194 Likes