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  • Mesabi Trust says no distribution to be paid in November [View news story]
    I've increased my number of shares a greater % than the % price decline. $MSB
    Oct 30, 2015. 10:26 AM | Likes Like |Link to Comment
  • Mesabi Trust says no distribution to be paid in November [View news story]
    The big question is the cash flow of the current royalty payment. This needs to be balanced with the total future of distributions. The trust has a long time to go and its potential is from one of the richest iron ore deposits in the world near the heart of industrial production in the United States. Building construction, auto production and improving road, bridge and rail infrastructure will continue. As an inflation hedge this will continue to be a holding for me with the potential of again reaching its all-time high within 10 years.
    Oct 21, 2015. 08:14 AM | 1 Like Like |Link to Comment
  • Why You Should Buy Bank Of America And Forget About It [View article]
    Too speculative on daily trade and in the long run we are all dead. Same story 5 years ago. Nothing more has changed much. I sold my position and increased my hi-yield bond funds that are rallying right now. I still have a "B" warrant position on BAC - its my $2 bet that this horse will come in for a double plus by 2018. $BAC
    Oct 13, 2015. 05:17 AM | 1 Like Like |Link to Comment
  • Bank Of America's Road To Value [View article]
    Almost all of the book value is not marked to market. This can be observed whenever they do a major liquidation of real estate. I believe the book value is at least 10% undervalued and if totally liquidated could be as high as 20% undervalued. Real estate values have increased as much as 20% or more since the financial crisis. Foreclosed property sales continue to show prices well above the mortgage liability carried on the books. On book valuation - I believe the stock is terribly undervalued. They are now writing off drive up teller lanes and closed branches- this would only be minor decline in assets and the loss overstates operation costs decreasing tax liability on earnings.
    Oct 7, 2015. 05:21 AM | 6 Likes Like |Link to Comment
  • Bank Of America Class B Warrants: Only For The Brave [View article]
    Where is the cash going to come from to exercise the warrants? If you don't have the cash and if you do not have a margin account you won't be able to exercise them and the marketability of the warrants may not exist! Current trading is very thin and approaching an all-time low. If you have a sizable position - I'm willing to take them off your hands. I am building a position and have room for taking all of them at $.05 Better to get something for them than to see them expire worthless.
    Sep 25, 2015. 05:29 AM | 2 Likes Like |Link to Comment
  • Is Warren Buffett Losing Touch? Bank Of America Is Not A Bargain [View article]
    The odds are better with the "B" warrants that will be in the money and more on this prediction. $BAC
    Sep 19, 2015. 05:53 PM | Likes Like |Link to Comment
  • Whiting Petroleum - Looking Past The Drop [View article]
    My initial position in WLL is to hedge against fuel costs for ALL. The market has taken its toll on both. The quality of their oil is not mentioned. Its almost a pure fuel coming right out of the ground without refining! Many years ago when oil was first discovered in the area, a woman showed me a sample of this light/sweet crude. She said they tried to put some in their tractor and it worked! $WLL $ALL
    Sep 11, 2015. 06:00 AM | Likes Like |Link to Comment
  • Will American Airlines Return To Its 52-Week Highs Soon? [View article]
    Capacity utilization I believe has been a drag on profit margins. The additions of new aircraft will pay off in the future, especially so with more fuel efficiency. If fuel prices remain at the current level, next quarter would be a record breaker with the holiday traffic. $AAL
    Aug 26, 2015. 08:24 AM | 5 Likes Like |Link to Comment
  • Potential Catalysts Pushing American Airlines For The Remainder Of This Year [View article]
    AAL has held its own by and large but the whole market has been flat at best for the whole year. Daily trade is volatile. Dividend payers have held better favor with a utility stock paying at least 3-4 times this company's payout rate. Playing the fuel cost volatility doesn't hold on a daily basis. I've been on the sell side, still hold some but would be tempted to add only if it slips below 40. $AAL
    Aug 13, 2015. 05:03 AM | Likes Like |Link to Comment
  • Top 6 Mexican Stocks Worth Buying [View article]
    $GMK ADRs are about to be delisted on the NYSE. I sold out all my positions.
    Aug 11, 2015. 08:55 AM | Likes Like |Link to Comment
  • Record profit for American Airlines Group in Q2 [View news story]
    Why pay hedging costs for a guaranteed cost against profits from the contract commissions with such a large and diverse inventory of fuel. $AAL
    Jul 24, 2015. 08:49 AM | 1 Like Like |Link to Comment
  • Record profit for American Airlines Group in Q2 [View news story]
    They don't have to hedge. They have a very diversified inventory of fuel that is constantly being replaced so that tank fills on a low price day evens out tanks being filled on a high price day.
    Jul 24, 2015. 08:47 AM | Likes Like |Link to Comment
  • Mesabi Trust Press Release [View article]
    Definitely a hold for the time being to see the market reaction. Current tonnage was above my expectation with the continued contract with CLF. This is to be renegotiated in the future.

    I liquidated my position in May during this decline and started buying it back this month seeing the lighter volume. It is now a very minor percentage of my IRA portfolio (<0.5%). My strategy is now to build down a pyramid with this anticipated price decline that should not go beyond the mid-single digits on the stock price. A 50% price decline from here would signal me to by 500% more shares. This is a solid strategy unless my premise is false - the US steel industry will remain alive with some benefit to this Trust for the foreseeable future where the last trustee is younger than myself to continue to provide me with an above average return for my retirement account distribution income. $MSB
    Jul 18, 2015. 07:58 AM | 1 Like Like |Link to Comment
  • Duke Energy Should Be On An Income Investor's List [View article]
    Its hot here in Charlotte honey. Temp in the 90's and the A/C is on. Dividends going higher too. Good read to boost your confidence $DUK
    Jun 30, 2015. 03:39 PM | 1 Like Like |Link to Comment
  • Why Winnebago's Q3 Results And Outlook Are Even Better Than You Think [View article]
    I have been a holder of WGO for over 30 years. Upswing currently in progress well documented in this article. Thanks.
    Jun 29, 2015. 11:50 AM | 1 Like Like |Link to Comment