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  • Wall Street Breakfast: Must-Know News [View article]
    Why bother with fines. They couldn't pay them anyway.
    Mar 12 10:00 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I like the idea of using LNG or CNG for locomotives. Track layouts are well known, so it would be easy to site adequate refueling stations.
    Mar 5 08:06 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So WSJ is now the only investigative arm of the SEC? It would appear so. Especially since the SEC has a history of ignoring investigative reports from other quarters (Madoff was written about long before his scheme collapsed for example).

    There have been a number of suspicious events over the last several years in terms of high volumes of options sales right before major announcements. Those couldn't have all been from members of Congress (who were exempt from SEC regs regarding trading on insider information until this year when they were finally shamed into changing the law). What is going on is obvious to most, except the paid professionals at the SEC.
    Dec 11 08:36 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    From North Las Vegas:
    Jul 18 08:39 AM | 5 Likes Like |Link to Comment
  • Retirement: Doom With A Healthy Dose Of Despair [View article]
    People are worried about getting beat by 0.05 on a stock purchase? NYSE used to work in increments of $0.125.
    Jun 27 09:22 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I would like to see that as well. We don't often see the regulators called to hearings.
    Dec 8 08:16 AM | 5 Likes Like |Link to Comment
  • Dividends in Danger? Nokia, CenturyLink and 5 Others Attract Attention [View article]
    If it is an MLP or LLP, distributions in excess of 100% of stated earnings can and do continue. You need to look at free cash flow to evaluate the sustainability of distributions.

    I am currently long the following LLPs/MLPs: LINE, LGCY, VNR & MMLP. But those holdings are subject to change at any time.

    With the oil/natural gas trusts, the cash flow is also the key to the payouts, not the reported earnings. I don't hold any of those, as the trusts' reserves are always being depleted. Since they can't expand the reserves they are based on (unlike LLPs & MLPs), they will eventually go to zero. Although some can certainly last a long time and new extraction technology can be implemented to pull more out of existing fields (in some cases).
    Jun 30 09:00 AM | 5 Likes Like |Link to Comment
  • NY Times reports that Goldman Sachs' (GS) settlement with the SEC will include $300M in fines and $250M in restitution for a total of $550M. GS +2.6% AH.  [View news story]
    Wow, the proverbial slap on the wrist. I guess it pays quite well to have alumni in high places (and of course to make the right campaign contributions).
    Jul 15 04:39 PM | 5 Likes Like |Link to Comment
  • Moody's (MCO -8.4%) CEO Raymond McDaniel dumped 100,000 shares of company stock the day the Wells Notice arrived, and Berkshire Hathaway (BRK.A +4.5%) sold 678,000 shares that day and another approx. 300,000 in the following week. "Did Raymond McDaniel and Berkshire know about the Wells Notice when they sold their stock?" Henry Blodget asks.  [View news story]
    It certainly looks like they did know about the notice.

    The failure to release the information sooner would tend to indicate that they did not consider it material, but the sale of stock indicates otherwise.

    This appears to be criminal in nature, and certainly much worse than what Martha Stewart was prosecuted for.
    May 10 02:50 PM | 5 Likes Like |Link to Comment
  • America's Fiscal Day of Reckoning and Cassandra's Curse [View article]
    Really, what choice was there in the last election? As one writer pointed out (in MSN of all places), JFK would be considered too conservative to run underas the candidate of either party in the 2008 election. Obama raised a record amount of money to finance his campaign. Someone was paying, and it wasn't Joe Sixpack.

    As to why the day of reckoning has stalled for so long: In my opinion it is simply due to the fact that most other countries are run even more poorly than the U.S.

    Even now, what currency do you go to? The Euro (talk about a day of reckoning that is overdue), the yen (home of the disappearing economic base), the Canadian dollar (bloated social costs and greedy pols there as well), gold (that can be taken out by presidential edict--there is precident)... I don't really see any solid currency at this point.

    I still like oil, but additional taxes, price controls and a continued decline in economic activity worldwide make that significantly less than a sure thing as well.
    Jul 6 05:29 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The EC court decision is unconscionable. Censor away and take out any unfavorable information prior to elections. This is about reducing information available to the public. Interesting that there has been so much criticism of China's censorship and now this from Europe.

    And I use TMUS for my US cell phone. Best deal out there for my situation.
    May 15 09:12 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I do think Carl Levin is being a bit hypocritical here as he helped establish the laws that make it all possible.

    He accepts campaign contributions and you can expect that he supports his contributors with his legislative efforts. If he did not, they would stop giving him money. 
    Apr 1 09:45 AM | 4 Likes Like |Link to Comment
  • IMF Deal Will Break Ukraine, Harm Global Stability [View article]
    Good luck with that. Germany is also highly dependent on Russian gas to drive their economy.

    You simply can't send enough LP gas to Europe this year to make a difference. Please look at how long it takes to build plant facilities and ships capable of doing that. To illustrate my point, this is a direct link to the construction schedule for Sabine Pass:
    Mar 28 09:53 AM | 4 Likes Like |Link to Comment
  • Linn Energy Just Can't Catch A Break [View article]
    Yes, they are actually better than LINE distributions from a tax standpoint. Something that surprised me, but now LNCO is selling at a discount to LINE despite that. Go figure...
    Mar 24 02:02 PM | 4 Likes Like |Link to Comment
  • Bloomberg: F-35 faces yet more delays due to software issues [View news story]
    Remote controlled planes are the future anyway. No reason to limit the performance of an aircraft to a pilot's ability to withstand the powerful forces generated during abrupt maneuvers. Also, the additional weight of the pilot, ejector seat, etc.

    Agree with wigit, this program is a waste. Its already out-of-date before its even flown one mission.
    Mar 23 10:41 AM | 4 Likes Like |Link to Comment