Ruk

Ruk
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  • Kinder Morgan: The Case For Going Short  [View article]
    The short train has long left the station, the smart money has covered , which could account for the some of the bounce the last couple of weeks. Any real money shorting this stock has already been made.
    Jan 27, 2016. 02:30 PM | Likes Like |Link to Comment
  • Sprague Resources LP to Acquire Natural Gas Marketing Business  [View article]
    Elliot,

    Totally agree, I been in the markets over 40years , the irrationality and throwing the baby out with the bathwater is about the worst I have ever seen it. I am very long and staying long this excellent 100+ year old company.

    Every energy company no matter what sector of the energy market is getting swept into this mess. SRLP stockholders should not panic , stay long they will be well rewarded in the future for their patience.
    Jan 19, 2016. 05:41 PM | Likes Like |Link to Comment
  • GGN Telegraphs A Dividend Cut  [View article]
    Jack,

    I think you have pretty much hit the nail on the head with this fund.

    I have owned this fund for many / many years . If you look at the 10 year
    "total return" on this fund it is negative according to Gabelli's own numbers in their last report.

    If they cut the distribution or eliminate it, there is no reason to own this fund. The stock price will fall significantly. I am exiting my position today, if you feel you must own gold in a portfolio take a look at PHYS it is a pure gold play. Good luck to those of you still in the fund , you will need it.
    Jan 19, 2016. 09:55 AM | 2 Likes Like |Link to Comment
  • Reviewing Gilead's Latest Pipeline News: Focus On Oncology And The Galapagos Deal  [View article]
    Doc,

    You are one of the best informed & balanced contributors on SA. Thank you for doing all this work and sharing it, for I am sure for what is little or no compensation.

    You have been very helpful to folks like me who have a very big position in GILD or are contemplating initiating one.

    I wish you and family a Happy , Healthy and Prosperous NEW YEAR.

    Be well,
    Ruk
    Dec 31, 2015. 02:33 PM | 6 Likes Like |Link to Comment
  • Will Gilead Turn The Corner In 2016?  [View article]
    Bret,

    A well written and informative analysis. Those of us reading SA , who are long GILD ( like me very, very long )need to be careful of confirmation bias.

    For the life of me , I do not understand why this stock is trading at these current levels. Yes, believe me I have read all the arguments against GILD.

    However, the indisputable truth is that this company has the only cure for a major disease affecting millions of people world wide. Maintaining a patient on this disease is way more costly than the cure from GILD. Yet, Medicare in their "infinite wisdom " is denying payment except for the extremely ill, almost terminal patients. ( They are now being sued by the ACLU for this ).

    The company has a huge hoard of cash in which to acquire , develop other cures or do buybacks.

    I have been investing for almost 50 years in the markets and this is one of the most irrational things I have ever experienced. I feel very sorry for the folks that have this disease knowing there is a cure, which they can't get from there healthcare insurers.

    Thank you and keep up the good work. I said I was not going to comment on another GILD article , but I could not help myself.
    Dec 28, 2015. 02:04 PM | 5 Likes Like |Link to Comment
  • Gilead Sciences Stock Forecast For 2016  [View article]
    I would like to hear the name of another company in the healthcare arena , that first has an absolute cure for a life ending disease that threatens millions of people worldwide. Also, a disease that has a very expensive long term treatment regiment,which can be eliminate for good by this drug.

    Secondly they have proven excellent management , nice pipeline , they have tons of and generate tons of cash. Third, they are currently trading at an absurdly low multiple.

    I have been in the markets for over 45 years and I have never seen a more compelling investment for someone with a " little patience ".

    I am a former CEO and would have cut off my left ( you know what ) to have managed a company in this position.

    I am obviously very long this stock, but I am not trying to talk my own portfolio here , just the facts and share my observations.
    Hopefully it contributes a little to the discussion and perspective on the company. This will be my last comment on SA regarding GILD , there has already been an enormous amount of comment and opinion, that is what makes markets.
    Nov 27, 2015. 01:01 PM | 4 Likes Like |Link to Comment
  • Gold: On The Edge Of A Steep Cliff  [View article]
    Davephd,

    Your mom was right as my father was , but the property tax on raw land is very low , even in NYS , where I am.

    If I had put the same dollars into land as I did gold and held for the same time, even with the property tax ( which is deductible ). I would have seen a thousand times better return.
    Nov 16, 2015. 01:49 PM | 1 Like Like |Link to Comment
  • Gold: On The Edge Of A Steep Cliff  [View article]
    You are absolutely right. Gold has become a joke as a long term investment , I currently own gold & gold miners and have for 30 years. I am barely even and if you take inflation into account I am underwater.

    It is not hedge against anything , if it was it would be at least twice what it is, given the way every country in the world is printing money and turmoil currently in the world.

    Over the next year I will be liquidating all of my gold positions. I should have listened to my father and bought land instead of gold. As he used to say "buy land , they are not making any more of it."

    They only way to play any commodity is short term both using both long and short strategies.
    Nov 16, 2015. 01:23 PM | 2 Likes Like |Link to Comment
  • Reviewing CVR Partners LP: What Caused The 25% Price Decline?  [View article]
    Henry,

    Nice well written piece on UAN. I am a 64 year old , that has a 5 figure position in this stock in his only retirement account , which is now down 5 figures. So, I guess I am probably allowed to comment.

    Like probably most of the folks my age or closer bought this for the distribution return , which was very nice.

    I just think at this point it would be foolish to sell , my wife grew up on a dairy farm , and cows eat a lot . So feed corn, the primary food in dairy, is the primary use of the fertilizer UAN produces.

    I think the Renetek Nitrogen acquisition is a smart move, acretive & scale. I do think they will reinstate the distribution soon, this is the only one they have ever missed, based on my conversation with their investor relations manager.

    I wish all of the current holders , including me the best.
    Nov 11, 2015. 02:20 PM | 7 Likes Like |Link to Comment
  • Why I Sold Berkshire Hathaway And Added Quality To My Portfolio  [View article]
    Left Banker,

    Very nice straight forward & clear analysis and comparison. Your research background clearly shows here. I currently own 5 of the top 10 QUAL holdings. I am a semi -retired 64 year old former CEO , now adjunct college prof.

    I have been for a while considering doing the same thing you are doing with your portfolio , selling the individual stocks and using ETF's for a broader diversification and less volatility as you are.

    I have also come to the hard conclusion that I am a lousy trader and have traded in many different markets in my over 40 years of trading. Overall I am up a little but could have spent much less time, money and aggravation , if I traded less and held quality companies over a longer periods.

    I only follow a couple of SA contributors , but I will follow you now. Hopefully you will share more of your thoughts like this and your portfolio with your followers.

    Thanks again for your efforts.

    Ruk
    Oct 26, 2015. 03:32 PM | 6 Likes Like |Link to Comment
  • Why Blackstone Group LP May Have Further To Fall  [View article]
    KC,

    Excellent well thought out piece , probably the best I have read on SA regarding BX.

    BX is a very difficult complex company to value, I have owned significant positions in the company twice now, just sold my last position prior to the last earnings announcement , I thought the stock would sell off, I was right about the magnitude of the loss , but wrong on the reaction. Overall I have a negative total return.

    It is getting a little old reading on SA how smart Steve S. is , I get it, I am sure he is very smart. He earned about 600M last year for being smart , while most of his stockholders did not do so well, yes I know the majority of that comes from his dividends on BX.

    I think you are dead on, and for reasons you sight, the stock will probably fall further it may break the $30 mark. I think there is also some risk they will cut the dividend.

    I do not live far from Keuka Lake ( Ithaca ) and have relative that owns homes on the lake , beautiful place to live.

    Thanks for the time and effort on the article.

    Be well,
    Ruk
    Oct 20, 2015. 05:17 PM | 3 Likes Like |Link to Comment
  • My Thoughts On Gilead Sciences' Capital Raise  [View article]
    Thanks for the response.
    Sep 16, 2015. 02:27 PM | 2 Likes Like |Link to Comment
  • My Thoughts On Gilead Sciences' Capital Raise  [View article]
    Alex,

    As usual well written and thought out article.

    GILD was smart to do a bond offering at this time , buying stock back at this time would send a negative message.

    I think the management of the company is very solid and will deploy the capital wisely. I currently have a substantial position in the stock , with out of the money covered calls written against the position. It is the only pure biotech I currently own.

    I am watching Quintiles ( Q ) and Amgen for potential entry points , do you have any thought on either of these.

    Thanks.
    Sep 16, 2015. 09:57 AM | Likes Like |Link to Comment
  • Bears Maul Alibaba, No Escape In Sight  [View article]
    This article really adds nothing to the narrative. The fact that China is slowing down is nothing new to any intelligent investor in China, it has been slowing for quite a while.

    China is still growing faster than almost any other large economy in the world and represents a huge untapped market for the types of products that BABA sells to consumers.

    Does BABA have strong competition ? Could they be painting some lipstick on the pig ? Could the stock price fall further ? The answer to all these questions is yes.
    And how is that different than any other American company in a highly competitive retail market ?

    The closest American competitor to BABA is Amazon IMO. Have you taken a look at Amazon's multiple as compared to BABA ? So BABA is no more risky than many other large multinational retailers especially at it's current level.

    I currently have a position in BABA stock and hedged the position by selling calls against it outside the money.
    Sep 15, 2015. 04:59 PM | 4 Likes Like |Link to Comment
  • 5 Counterpoints To The Puzzling Attack On Alibaba  [View article]
    BABA's reply to the Barons article is right on target , sloppy inaccurate journalism.

    Barons has really gone downhill , if I did the opposite of what they recommend most of the time . I would have done much better in my investing.

    I was a long time subscriber , cancelled my subscription a couple of years ago.
    Sep 14, 2015. 05:12 PM | 15 Likes Like |Link to Comment
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