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  • Moving lower in a mostly green financial sector is BNY Mellon (BK -2.8%) after its earnings report. Net interest margin wasn't pretty - declining to 1.09% from 1.20% in Q3 and 1.27% a year ago. No longer able to gouge customers on fx transactions, a custodial bank like BNY can't do a whole lot to offset declining margins. The good news: AUM posted a 10% rise. Someday ZIRP will end. State Street (STT) -1.4%[View news story]
    Buy, buy, buy for the long term
    Jan 16 12:47 PM | Likes Like |Link to Comment
  • Many U.S. firms are cash rich abroad but cash poor at home, and the SEC worries they aren’t presenting investors with an honest appraisal of their liquidity. “That doesn’t mean they could suddenly run out of money to pay their bills," WSJ's Kate Linebaugh writes. "But it does mean there could be unseen limits on their ability to pay dividends and buy back shares." [View news story]
    In my opinion, this is where patriotism and profit intersect. Corporations demonstrate patriotism by paying more in taxes and hiring more Americans. GE has enjoyed tax breaks beyond the pale. I own GE and I think there is a lot more that they can do for America.
    Dec 4 12:18 PM | 2 Likes Like |Link to Comment
  • Overseas Cash Hoards: Look But Don't Touch [View article]
    Put the money into action. Lord knows Europe is suffering, as are most economies around the world. The idea of this sitting idle is appalling. Lower the tax rate, but get assurances that this will mean American jobs and dividends for stock holders.
    Nov 8 01:30 PM | Likes Like |Link to Comment
  • More on the Annaly (NLYdowngrade: Morgan's move is part of a larger theme of preferring hybrid mREITs (those buying non-agency MBS) to agency mREITs. The hybrids should benefit from higher non-agency yields and an improving housing market. Upgraded: Invesco (IVR). Downgraded (other than NLY): American Capital (AGNC) and MFA Financial. Everyone's piling into non-agency paper. [View news story]
    MFA is a hybrid and worth holding for the short term. I am amazed to see the price go down before the dividend is issued in a few days. I see MFA as a sweet balance for long term investments and a savings or money market account.
    Oct 4 01:41 PM | Likes Like |Link to Comment
  • Did Intel Just Stumble, Or Is It Something Worse? [View article]
    I own a small stake in Intel and am waiting to add to it. It appears that it should be priced right in just a few days.
    Sep 10 02:04 PM | Likes Like |Link to Comment
  • Are Banks Ready To Start Lending Again? [View article]
    If Romney gets in, then there will be no support for banks and we will be back to inordinate risk taking, thus causing more bank closures. Romney has boxed himself in and cannot bail out banks like HW Bush did the savings and loans. We must stay the course we are on and let equity build as more people go to work.
    Sep 9 03:49 AM | Likes Like |Link to Comment
  • "We anticipate the worst 2H for PC sales since inception," says Citi's Gen Yeung, responding to Intel's (INTC -3.5%) Q3 warning. Yeung and many others have been raising alarm bells about PC demand in advance of Windows 8's (MSFT -1.8%) Oct. 26 consumer launch. FBR notes PC and storage inventories are at elevated levels, and Longbow believes Intel is seeing an inventory correction related to soft ultrabook uptake. The Intel Developer Forum kicks off on Tuesday. [View news story]
    Intel is notorious, at least in my mind, for projecting the worst, only to have sales increase. I see this as an opportunity to buy at a lower price and to increase dividends. Intel has a huge amount of money and is investing in innovative companies. I think they are the go to chip maker who will be at the forefront of the computer industry for years to come.
    Sep 7 06:03 PM | 3 Likes Like |Link to Comment
  • Warren Buffett's 2 Investing Rules For The Dividend Investor [View article]
    I don't care about the attribution of quotes. Heck, just look at baseball quotes attributed to Berra or Stengal. I do care about Buffett's investment process, however. You are absolutely correct, he does not focus on dividends, but they are nice to have if the company is strong and meets the criteria of growth and appreciation in value. He has made mistakes in some investments, so I pal along on some of his choices. Of course, I will have to live to be 120 in order to become a millionaire, but I will be happy to leave a nest egg to my children. I really like Bank of New York Mellon right now. They are trading way below book value and generally stay out of the news. Check it out and investigate on your own.
    Aug 29 05:46 PM | Likes Like |Link to Comment