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Bryce_in_TX

Bryce_in_TX
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  • 3 Lessons From The Galena Scandal [View article]
    I will state this one more time for the GALE longs:

    In my own work experience with two public companies and a chamber of commerce, any publicly released information was always under the company's control at every step, including reviewing a draft or copy of the final piece as it was to be published, including all disclosures. Then after it was published, it was read by company personnel responsible for the piece. IMO, AHN and other responsible GALE employees were aware of the Dreamteam's failure to disclose prior to the pieces being published.

    I didn't believe Ahn's statement in response to Adam Feuerstein's piece. Not credible. Now he is resigning. IMO,there is something fundamentally wrong with GALE. Replacing Ahn with Schwarz is like replacing Skilling with Lay, to me. The Board of Directors seems clueless.
    Aug 21 04:32 PM | 4 Likes Like |Link to Comment
  • 3 Lessons From The Galena Scandal [View article]
    I have serious doubts about GALE. I don't see Schwartz replacing Ahn as a good thing. Schwartz was involved with the Nuevax vaccine and with GALE's predecessor before Ahn came on the scene, if my memory serves me correctly. Looks like more of the same.

    I don't have a good gut feeling about GALE. I hope I am wrong, but I don't.

    I do take issue with you, Alex, on your statement, however:
    ""How about doing some research into what really attributed to the increase in share price before making such bold statements...""

    Doesn't take a rocket scientist to correlate the stock price rise with the stock promotion"

    How about correlating the stock price rise with the stock promotion for me. I have researched it and don't find that much of the stock price rise which can be attributed to the Dream Team articles and efforts. I think it is the "tail wagging the dog" here. You have it backward, IMO. It is the actions of GALE which primarily propelled the rise in stock price, accompanied by positive articles about those actions, some of which turned out to be fraudulent.

    That said, if Nuevax were legitimate and management believed in it, why the need for a PR campaign by the likes of the Dream Team? Something smells about all of this.
    Aug 21 03:36 PM | 3 Likes Like |Link to Comment
  • Who Is Going To Finally Stop Herbalife? [View article]
    What I hate are companies like "PeopleFinders" who don't use the SocialSecurity death database to clean there databases of deceased people like my parents, or get other people's info mixed up with yours.

    I was in the mail address business for some years, maintaining customer mailing addresses for many businesses and cleaning those lists of duplicate addresses. There are products out there to help keep databases clean of people who have died, and to help not get one person's info mixed up with someone else.

    I have called and written to these folks including filing a complaint with the FTC, all to no avail. They don't care.

    Look at the link: my brother is the first on the list. Of the places it says he has lived, only Shepherd is correct. The rest are where his son has lived. And of the five relatives it says he has, only two are correct.

    Then there's three entries for Archer City Texas, all with the age of 99. That is my Dad who passed away in 1996. One of those entries lists Margaret Petty as a relative. That's my Mother who passed away in 1997.

    http://bit.ly/1q1QJUR

    Then there's the entry for myself, third on the list. It lists my son and wife twice and shows I have used the alias "Don E Petty" before, which is false and has gotten me calls from bill collectors in the past looking for Donny R. Petty who also lives in Wichita Falls, but we are not related.

    http://bit.ly/1q1QHfH;doby=

    The FTC is a joke in many cases.

    Here is a pic of my Mother and Dad's gravesite in the Archer City Cemetary. Their death certificates were filed with the state and there social security was stopped when they died. All a person has to do is obtain the Social Security death record database to clean their database of deceased people.

    http://bit.ly/1q1QHfJ

    There are many fraudsters out there that the FTC and other authorities fail to ever do anything about.
    Aug 21 02:36 AM | Likes Like |Link to Comment
  • Who Is Going To Finally Stop Herbalife? [View article]
    "Agencies like the FTC are set up to prevent harm to businesses and consumers. They regulate fraud, anti-trust violations, marketing deception, etc. The idea is simple. In order for markets to function efficiently and effectively, consumers and producers should not have to navigate through a labyrinth of deception. There should be an expectation that counterparties and competitors act in good faith or, if you prefer, legally."

    Ever heard of "Supple" that claims to promote Joint health, and helps with a myriad of other ailments, or "Arthri-D" whose commercial is airing as I write this post whose spokesman claims can work just as good or better than pharmaceutical drugs, which have at least gone through clinical trials to prove some effectiveness. Then there are body wraps of all sorts that claim to melt the fat and inches away, erectile dysfunction products that claim to give guys erections, and the list goes on and on of fake, fraudulent products on the market, yet you claim:

    "Agencies like the FTC are set up to prevent harm to businesses and consumers. They regulate fraud, anti-trust violations, marketing deception, etc."

    That statement is a total farse.

    http://bit.ly/1liJrNX

    http://bit.ly/1liJrNZ

    http://bit.ly/1liJqtj

    http://bit.ly/1liJs4d

    http://bit.ly/1liJqtn

    The market is filled with fake, fraudulent products, yet you want to single out one company? They have been in operation for 3 decades. What is going to stop them now?
    Aug 21 01:42 AM | 2 Likes Like |Link to Comment
  • This High-Dividend Stock Yields 7%-Plus, Will Up Its Dividend By 12% To 14% [View article]
    Pendragon,

    I agree that at "this point in time" we don't know for sure what is causing the significant increase in quakes in Oklahoma and Texas. However, we have one scientific study linking the disposal of waste water from fracking with significant earthquakes in Oklahoma, and we have seismologists who are saying that at least some of the increase in earthquakes in Texas and Oklahoma are directly linked to the disposal of "drilling waste". As the cause of the quakes is being studied in more detail, more and more evidence is pointing to the disposal of drilling waste water as the cause.

    The reason we don't have a clear picture yet of the cause or causes of the increase in seismic activity is because it hasn't been investigated or studied that much yet, not because drilling activities are not causing it. I believe the circumstantial evidence that the disposal of waste water is the main cause for the increase in activity is overwhelming, and that further study will prove that out. Until then, it is merely my opinion, but there is significant factual evidence to back up that opinion.
    Aug 19 01:37 PM | Likes Like |Link to Comment
  • This High-Dividend Stock Yields 7%-Plus, Will Up Its Dividend By 12% To 14% [View article]
    Proposed new "regulations" by the Texas Railroad Commission. I guess fracking hasn't been regulated enough, eh?

    http://n.pr/1uPxsu6
    Aug 18 08:47 PM | Likes Like |Link to Comment
  • This High-Dividend Stock Yields 7%-Plus, Will Up Its Dividend By 12% To 14% [View article]
    What I mean in the way of regulation is being able to determine if disposing of waste water used in fracking has the potential to create an earthquake capable of causing damage to property. At present it doesn't appear clear enough that such disposal does cause earthquakes, and if it does what are the consequences of such earthquakes. That is my concern. I have lived in the Wichita Falls, Texas area for 63 years, yet my first experience with an earthquake came in 2013. From 1978 to 2008, Oklahoma experienced only two magnitude 3.0 or higher earthquakes a year. But, since 2008, there have been a lot more quakes in Oklahoma, with more than 253 quakes of magnitude 3.0 or greater occurring in just the first six months of 2014, with some causing property damage. Texas has experienced a significant increase in quakes as well, with some of them causing serious property damage. We need to find out definitively if disposing of waste water associated with fracking is a major cause of these quakes. If it is, it would seem appropriate to me to take some type of action to stop the damage.

    If someone comes onto my property and causes damage to it, I have a right to be compensated for it. If the fracking is causing the quakes and damage, I see it no differently. If fracking is causing damage, it would seem appropriate to me to stop fracking within distances near enough to cause damage.

    http://bit.ly/1uPpl0D

    Now, how am I misinformed?
    Aug 18 07:54 PM | Likes Like |Link to Comment
  • This High-Dividend Stock Yields 7%-Plus, Will Up Its Dividend By 12% To 14% [View article]
    PendragonY,

    Agreed, but some slowing of the technology maybe on the horizon in Oklahoma and Texas. Something to watch.

    http://on.msnbc.com/1o...

    I don't care for L. O'donnell, btw, but this article looks objective to me.

    http://bit.ly/1oUq7RF

    I experienced my first earthquake ever in 2013, but before this one in the link. IMO, fracking has something to do with it. I thought that the wife had flopped onto the bed in our bedroom where I was lying. Nope, it was the quake. She said that the shelves in our dining room shook and that she thought I was moving the chair she was sitting in. All due to the quake.

    http://bit.ly/1oUq7RH

    Whether we'll actually see regulation of it depends on how widespread and damaging its results are. If the quakes continue to increase and especially more damage, I wouldn't be surprised to see fracking regulated.
    Aug 18 11:10 AM | Likes Like |Link to Comment
  • Schlumberger: 3 Different Insiders Have Sold Shares This Month [View article]
    Markus, you are becoming a contrarian indicator for me.
    Aug 17 08:27 PM | Likes Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See [View article]
    Brucejfern,

    The presentation clearly says 10% dividend growth rate for the next 5 years. See page 4 of slide presentation.
    Aug 16 03:13 PM | Likes Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See [View article]
    I'd also like to know how you arrived at a 130 to 200% payout ratio. Is that based on GAAP EPS or what?
    Aug 15 07:29 PM | Likes Like |Link to Comment
  • Is Kinder Morgan's Dividend Safe? [View article]
    John,

    Don't IDR payments to the general partner have to come out of cash flow also?

    How does the cashflow look after deducting all dividends and payments to the GP and limited partner?

    I think that's where adjusted ebitda less maintenance cap expenditures less interest expense becomes more meaningful to determine distributable cash flow (DCF), than EPS.

    Accrual accounting and cash basis accounting will come out the same in the long run, but that may take decades for the both systems to approach being equal. Besides, EPS is not the name of the game for MLPs, as I understand it. It is not the goal of an MLP to "earn" as much as possible. The goal of an MLP is to grow distributions to its limited partners, is it not?

    So, with earnings you are interested in keeping earning power (cash) in the entity to grow earnings. With an MLP you are interested in growing distributions to unitholders. In growing distributions, the economic lives of assets are figured differently, IMO, making cash available for distribution (DCF) greater than EPS. For whatever reason it appears management calculates the economic lives differently for EPS versus for DCF. Plus, with an MLP you have the luxury of using some cash that hasn't been earned (the cash has been borrowed or it has been received through an equity issue) to pay out as distributions.

    Also, GAAP Net Income fails to take into account the increase in value of assets, if they should increase in value. (Example: Historical cost is used for oil and gas reserves and for pipelines, rather than their fair market value.) Thus, with the gradual rise in the market prices of oil and gas, GAAP fails to keep up with those changes in value. The result is generally a distorted view of actual earnings from a GAAP perspective.

    For all these reasons, GAAP Net Income is not going to be a fair measure of DCF.
    Aug 15 12:43 AM | 1 Like Like |Link to Comment
  • How Do You Hold Cash When Realty Income Or AT&T Are Available? [View article]
    To say that buying "O" or any stock at a fair value isn't important just doesn't compute to me. Neither does using an equity at an inflated price to park cash.
    Aug 14 12:49 AM | Likes Like |Link to Comment
  • How Do You Hold Cash When Realty Income Or AT&T Are Available? [View article]
    La Marque,

    There is much less risk in the mutual fund account than in an equity like "O", IMO.
    Aug 13 03:49 PM | Likes Like |Link to Comment
  • How Do You Hold Cash When Realty Income Or AT&T Are Available? [View article]
    La Marque,

    I use the mutual fund like I used to use a money market fund, to let idle cash work until it is invested.
    Aug 13 03:22 PM | Likes Like |Link to Comment
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