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losbronces

losbronces
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  • High Yielding Upstream MLPs: The Good, The Bad, And The Ugly [View article]
    Congress looks at things like MLPs and REITs periodically, and only they can change that law (its not up to the executive branch). And the price of MLP/LLP units fall when that happens.

    I am not sure that they will take action, but then again Canada eliminated most of their trusts (similar set-up) after they said they wouldn't. And Canada wasn't in dire straits when they did that.
    Sep 11 06:03 PM | 2 Likes Like |Link to Comment
  • High Yielding Upstream MLPs: The Good, The Bad, And The Ugly [View article]
    Here is the communication from PWC: Most of these states require a return to be filed even though the income earned from the state is so small that it may not result in any tax payable.
    As the partnership income meets most of these states' filing requirements, and the income amount is relatively low, could you please advise if you would like us to prepare the tax return for each of the State.
    I roughly counted it to be around 8- 9 states.

    I told them to file for all states. You never know...
    Sep 11 05:03 PM | Likes Like |Link to Comment
  • High Yielding Upstream MLPs: The Good, The Bad, And The Ugly [View article]
    I had to file state tax returns for eight states for 2011 due to the income generated by LLP and MLP investments.

    PWC does my taxes, so its a cost but not a big problem for me.
    Sep 11 02:18 PM | Likes Like |Link to Comment
  • District Judge Denise Cote yesterday approved an antitrust settlement in which major publishers - Lagardere's Hachette, CBS's (CBS) Simon & Schuster and News Corp.'s (NWS) HarperCollins - agreed to end alleged price-fixing e-book deals with Apple (AAPL). It's a major win for Amazon (AMZN), while Pearson's (PSO) Penguin, Macmillan and Apple are going to take their chances in a trial. [View news story]
    This is good news. No reason that I should pay the same for an e-book as for a hard-bound book.



    Sep 7 10:38 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The thing that is notable is the Chinese are spending less than $US 200 billion for all of those projects. The U.S. has increased debt by trillions and what is there to show for it?
    Sep 7 08:14 AM | 11 Likes Like |Link to Comment
  • Bank Preferreds - A Viable Alternative For Cash [View article]
    In my opinion, these are not a viable option for holding cash. They are an option for generating yield. I do hold some preferred issues (none purchased at a premium to par) and PGX looks like a good option if you are looking for yield.

    Many, if not most, preferreds are currently selling at a premium to par. The premium can disappear if interest rates increase. Please look at the chart for any preferred issue before you buy it. Even the price of PGX has varied by over 14% from high to low in the past 12 months. It is possible to lose capital with these. That is why I hold the opinion that they are not a good place to park cash that you will be needing.
    Sep 6 11:53 AM | Likes Like |Link to Comment
  • When Should You Buy Facebook Stock? [View article]
    AMZN comes to mind. Look at their chart since the ipo in 1997. Even if you bought in 1999, with P/E over 100 and AMZN at peak values prior to the tech crash, you would have more than doubled your investment through yesterday. Although 2001 would have been a little scary...

    Not recommending FB or AMZN (P/E is about 300 now), just pointing out that at least one high P/E stock has performed well over a period greater than 10 years.
    Sep 5 09:36 AM | 2 Likes Like |Link to Comment
  • Manchester United: It Takes A Brit To Explain Why America Has Been Fooled [View article]
    They are available, but very expensive. Look at the 14 Mar 13 puts versus calls. Direction is clear.
    Aug 27 11:54 AM | Likes Like |Link to Comment
  • Attractive Dividend Yields In Canadian Stocks [View article]
    I agree, avoid the pink sheets. Scottrade will also go to the TSX, but you have to call your order in.
    Aug 23 04:40 PM | 1 Like Like |Link to Comment
  • BHP Billiton (BHP): H2 profit before items -35% to $7.16B vs. consensus of $6.96B. Abandons $20B Olympic Dam copper expansion and will look at a "less capital intensive option." Won't approve any new projects until at least mid-2013. It's the biggest sign of how China's slowdown has stalled the global mining boom. (PR[View news story]
    It doesn't hurt CCJ either. The expansion would have boosted Olympic Dam's uranium production too.
    Aug 22 01:52 PM | Likes Like |Link to Comment
  • It's Time To Be Optimistic About AstraZeneca [View article]
    You create a no-win situation with this comment. If they have a position, then they are just "talking their book" and if not they don't have "conviction."
    Aug 22 12:41 PM | 3 Likes Like |Link to Comment
  • It's Time To Be Optimistic About AstraZeneca [View article]
    That is correct, AZN is currently at $1.80 per year (paid semi-annually) or 3.8%.
    Aug 22 12:39 PM | Likes Like |Link to Comment
  • Attractive Dividend Yields In Canadian Stocks [View article]
    That is true unless you are subject to the alternative minimum tax, in which case you won't get it all back.

    Also, Canada does not take the tax out for some qualified tax-deferred accounts (part of the tax treaty). But you should check on your particular account before putting Canadian shares in.
    Aug 21 03:04 PM | 2 Likes Like |Link to Comment
  • Attractive Dividend Yields In Canadian Stocks [View article]
    You forgot to mention that Canada takes the taxes from the dividend payments as they are paid. The current tax rate is 15% for U.S. citizens. Without the tax treaty with the U.S., the rate would be 25%.
    Aug 21 01:49 PM | 1 Like Like |Link to Comment
  • An 8% Yielder With A Big Bet On The Eagle Ford [View article]
    The new contracts should help that situation.
    Aug 20 06:48 PM | 2 Likes Like |Link to Comment
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