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addisonsm

addisonsm
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  • Ramping Up Reform In Brazil [View article]
    I can't speak to the rail system, but the highways are modern, if one uses four lane divided with cloverleaf interchanges as the criteria for modern. I traveled to most of the major cities throughout the country and did not observe a problem with the highway system at any point. As for rail, I don't know what that would do plus/minus the economy, but they seem to be doing fine from a manufacturing point of view. I'll leave the political analysis to you, but it does tend to weaken your position in light of the misstatements regarding highway infrastructure.
    Dec 15, 2014. 05:41 PM | Likes Like |Link to Comment
  • Cramer's Lightning Round - The Shorts Have Been On The Wrong Side Of LinkedIn (9/9/14) [View article]
    Not sure I understand your response. Can you elaborate?
    Sep 11, 2014. 09:44 AM | Likes Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See [View article]
    No, just lazy.
    Aug 12, 2014. 01:14 PM | Likes Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See [View article]
    The incentive to Kinder to restructure like this was significantly enhanced by the thought that Hedgeye would auger in with their short position. Keep in mind, this time it isn't maintenance they are talking about, so the tune has changed. They shorted, tried to manipulate the market and got their head handed to them. Even if they are right, their credibility is lost on anyone who holds one of the Kinder companies. If they wanted to actually have an impact they should have gotten a reliable source to front the article. Or maybe they know that. Maybe they did try and get a reputable source to front for them. We'll never know because the rabbits have all moved to different hutches and won't be identifiable later.
    Aug 12, 2014. 01:10 PM | 23 Likes Like |Link to Comment
  • Kinder Morgan +20%, KMP +27% premarket on merger news [View news story]
    Take a look at the chart for KMI.WTS on Friday. Apparently someone knew something starting at 2pm through the close.

    On balance, I don't like the deal because I lose the tax deferred status on some shares (others have had their principal returned already) and I have a capital gains tax exposure on the cash payout. On the plus side, the income stream increases, but it is now taxable for a net of roughly equal. I would have been happier if they had offered a full, pro-rated exchange of KMI for KMP with no cash, but they have their reasons I'm sure.

    Clearly those who purchased KMI/KMP/KMR before the announcement are in good shape. I have owned KMP since 1990 and was disappointed to learn that even forever stocks have an expiration date.
    Aug 11, 2014. 08:56 AM | 11 Likes Like |Link to Comment
  • Dividend Growth Safety Superstars - 2012 Update [View article]
    The Trust and Guardian accounts that I manage have different requirements for dividends (and KMP turns into dividends after the capital has all been returned). There isn't a lot of difference between KMP and KMR if one uses a DRIP plan for the KMP. I did start buying KMI about three years ago because of their commitment to raising their dividend through 2016. After that we'll see. The last time I checked, the total return for the KMP was about 20% a year including cash distributions and the eventual dividends.
    Jul 20, 2014. 10:20 PM | Likes Like |Link to Comment
  • Cramer's Lightning Round - I Like Nike (7/10/14) [View article]
    He, like a number of other people that recommend securities doesn't always get it right. Last time I checked, the good analysts hit four out of ten times correctly, but cut their losses by getting out of the bad choices early. Cramer's recommendations are nothing more than a data point among many for a particular stock. The investor uses the information to do further research and make selections that may or may not have been recommended by Cramer. He has been correct enough that I have made a lot of money on his recommendations, but I certainly didn't buy all of them or even a relatively small percentage. His suggestions to buy or avoid are worth looking at closer and then, depending on the available information, heeding his advice or avoiding it. Dismissing him out of hand makes me wonder just who you do believe makes recommendations to your standards?
    Jul 11, 2014. 08:39 AM | 5 Likes Like |Link to Comment
  • American Realty Capital Properties's Valuation Is Lower Than Its Peers - While Justified, It Still Is A Buy [View article]
    I do not have any shares. I was looking for an opportunity to invest and was disappointed with ARCP. I'm a long term investor and this stock doesn't have the attributes of a good long term investment IMO.
    Jun 3, 2014. 04:28 PM | 1 Like Like |Link to Comment
  • American Realty Capital Properties's Valuation Is Lower Than Its Peers - While Justified, It Still Is A Buy [View article]
    My apologies. Which comment was off the mark? Ignoring the elephant in the room doesn't change the fact, nor does a rationalization change the facts either. REITs have a long history of having a story right up until the end. Losses heading into the ownership of the Red Lobster stores seems like a bad beginning. Add in the fact that 81% of the RL stores that they just purchased are on leased land and the number of stores that will be closed still hidden and this remains a dangerous investment from the outset. Your assessment that my comments are "so far off the mark" don't change anything. There are too many other investments that have similar yields, covered shareholder payments, and yes, a history of increasing dividends, to get involved with this company.
    May 31, 2014. 12:48 PM | 2 Likes Like |Link to Comment
  • American Realty Capital Properties's Valuation Is Lower Than Its Peers - While Justified, It Still Is A Buy [View article]
    Maybe I missed something, but where is the explanation for the earnings failure? Without spending a lot of time comparing the three companies, ARCP is losing money, and not an insignificant amount at that. No rationalization for the losses, no comment on hope or the future. The dividend isn't secure by any stretch of the imagination. I am looking for investments that pay reasonable returns, have a history of raising the dividend/payout, and make enough money to cover the dividend. This doesn't appear to be it.
    May 26, 2014. 03:18 PM | 8 Likes Like |Link to Comment
  • Memo To Intel Bulls: You People Are Dead Wrong [View article]
    While discussing market capitalization using stock price and outstanding shares, you said "In fourteen years, the size of Intel's business has literally been slashed in half."

    I believe that you were probably trying to say that the market capitalization had been reduced rather than the sum total of Intel's business. I also noticed that you chose to not make the inflation adjustment to reflect the value over time. While this would have buttressed your argument even more, it would have been an important factor in your conclusions.

    Regardless, I'll hold my Intel until another company comes along that makes chips for established technology that stands the test of time.
    Sep 10, 2013. 01:33 PM | 2 Likes Like |Link to Comment
  • Cramer's Mad Money - 19 Earnings To Watch In The Week Ahead (2/8/13) [View article]
    Nice trading vehicle, but when everyone who is going to buy a generator has done so, what happens to them? Also, if ConEd stops paying customers up to $500 for losses as a result of a power outage, THAT would be very positive because homeowners would now have an incentive to purchase a generator that does not exist now.
    Feb 11, 2013. 04:34 AM | Likes Like |Link to Comment
  • Cramer's Mad Money - 19 Earnings To Watch In The Week Ahead (2/8/13) [View article]
    The expectation on KO by the Street is solid, but not impressive numbers. They wil meet expectations, which is positive, but it won't be anything to watch out for. No jumps or crashes, no surprises, just a good long term dividend paying investment.
    Feb 11, 2013. 04:30 AM | Likes Like |Link to Comment
  • Revisiting My Bullish Thesis On BP Prudhoe Bay Royalty Trust [View article]
    I spoke to the Trust manager and received a confirmation that the most recent estimate shows the field producing above the 90k barrels per day average for at least the next 25 years. After that it may begin to taper down, at some point reaching a level where the assets are sold and distributed to the trust holders. Interruptions are a concern, although they are probably offset by the high yield and the probability that the oil prices will increase during that period as well. A potential risk is if they decide to run a pipeline to the field and start extracting natural gas. This was contemplated at one point, but it has been abandoned as a strategy due to the low prices of natural gas. This won't happen overnight, with probably four years notice, but if they start pulling natural gas, then that will lower the oil production levels due to the decreased pressure, so that is something to watch. I am long and planning on staying that way. This is one of the few that isn't subject to the whims of a Board. It is a pure oil field play with the risks noted and the rewards predictable.

    Someone mentioned that the pipeline and permafrost were a concern, but in the absence of anything verifiable I can only say that this was true when they started building the pipelines and it strikes me as a cost of doing business. I'll try and verify it as an extraordinary problem, but it just seems to me to be a typical maintenance type problem.
    Jan 13, 2013. 04:51 PM | 1 Like Like |Link to Comment
  • Revisiting My Bullish Thesis On BP Prudhoe Bay Royalty Trust [View article]
    I believe that the fire was acknowledged by BP to be their problem and they paid trust holders $1 a unit extra as compensation.
    Jan 13, 2013. 04:44 PM | Likes Like |Link to Comment
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