depraved_miscreant

depraved_miscreant
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  • Q3's Portfolio Moves: Changes Adding Income, Culling A Loser, Adding A Hedge  [View article]
    Old Trader or anyone long BIP:

    I hold APL, an MLP, and I have found that reporting my taxes using their K-1 has actually been relatively straightforward for me, a non-CPA. I'm interested in both BIP and KFN, but I read a comment that KFN's K-1 is seriously complex. If true, this might apply to BIP as well.

    Can anyone endorse or refute this view? Are their K-1s that much nastier than those of a pipeline MLP?
    Nov 22, 2011. 12:09 PM | 1 Like Like |Link to Comment
  • 2 Dividend Streaks On 'Death Watch' And 22 More Currently 'Overdue'  [View article]
    While I'm no 'techie', I do look at charts and I like the CTL chart. I think on a break above 38, the mo-mo guys will be all over CTL. I also have a small position in the PPL common, but full positions in their equity units (PPL-pU and PPL-pW). Like CTL, I think PPL management has decided to digest a recent acquisition.

    Although I would prefer to see dividend increases in both CTL and PPL, I'm not freaked out by their absence and I'll continue to hold both as long as there are no decreases.
    Nov 21, 2011. 11:47 AM | 2 Likes Like |Link to Comment
  • Energy And Financial Stocks Have Most Overstated Accounting Earnings  [View article]
    Go to his blog (Hidden Gems & Red Flags). On the right side of the page, there are reports available in which he goes into 'how'. I haven't tried to digest it yet, but I'm going to give it a shot....

    What I don't understand is how NLY appears in a 'most overstated earnings' list, yet gets a rating of 'Attractive'.
    Nov 17, 2011. 05:09 PM | Likes Like |Link to Comment
  • Have Bruce Berkowitz And Fairholme Turned The Corner?  [View article]
    Here's a link to the GoodHaven holdings, as of 08/31/11. GoodHaven is run by Larry Pitkowsky and Keith Trauner, the former Fairholme analysts mentioned (but not named) above. Thought it might be of interest:

    http://bit.ly/tpyfWF

    I bought FAIRX in Nov '08, sold out in Oct '10. I think maybe Berkowitz has lost his focus, especially with his activity in JOE, but I am always interested in what he's up to.
    Nov 15, 2011. 10:52 AM | Likes Like |Link to Comment
  • Diversification, Allocation, And Yield: Retirement Alpha?  [View article]
    K202, I generally agree and growth might be better than we think. . I have a few DCF models (which I realize depend heavily on 'guestimates') which say INTC is fairly valued. What I do trust, however, is the FCF yield. For INTC, it's 8.7% for FY2010 and 7.6% ttm. And the ttm levered FCF yield is 5.3%. I like INTC's prospects, but those metrics tell me it's not exactly a screaming buy @ $24-25. However, after stumbling for a few years from its 2005 high, FCF is on the rise again, in fact at new highs. @$20, I'm VERY interested.

    K202, I rarely use options, so I generally skip your articles. I'll make it a point to check out your INTC ideas, though.
    Nov 12, 2011. 02:59 PM | 1 Like Like |Link to Comment
  • Diversification, Allocation, And Yield: Retirement Alpha?  [View article]
    RS, since you like "diversity of opinions", here's a more negative view of INTC, published on SA yesterday.

    http://seekingalpha.co...

    FWIW, I'm still on the fence re INTC and 'old tech' in general. Nice portfolio, BTW. I have been in and out of GLW, still watching.
    Nov 12, 2011. 12:14 PM | 1 Like Like |Link to Comment
  • World's Most Dangerous Banks And Their Host Countries  [View article]
    I recently read an article (wish I had the link) which laid out the high leverage of some of these banks. It led to my selling DTK, a Deutsche Bank preferred with a very sweet dividend.

    Waaaay too much risk for this environment.
    Nov 11, 2011. 12:53 PM | 1 Like Like |Link to Comment
  • 8 Income Investing Tasks To Complete Before Your Financial Smarts Erode  [View article]
    As for diet, I lean toward red meat and items with lots of refined sugar. Oh, yeah, don't forget tobacco.

    Fortunately for me, Mrs. Depraved don't play dat.....
    Nov 11, 2011. 12:44 PM | Likes Like |Link to Comment
  • 8 Income Investing Tasks To Complete Before Your Financial Smarts Erode  [View article]
    DC, what's someone like me to do? I peaked physically, mentally and emotionally at around age 19, which was quite a spell ago.

    Seriously, though -- Very good article. High marks.

    BTW, I'm a big believer in mental exercises: financials, puzzles, handicapping thoroughbreds, and read, read, read. Keeping the TV off probably helps, too, with the possible exception of Bloomberg.

    As they say, USE IT OR LOSE IT.
    Nov 11, 2011. 12:01 PM | 2 Likes Like |Link to Comment
  • Dividend Reinvestment: What Some Winners and Losers Look Like Over Time  [View article]
    Jim's start date for the comparison is 12/1/2005. MO did not spin off PM until 2008, I believe.

    Actually, the old MO was the killer stock. I believe that if you owned 1,000 shares in the late 60s or early 70s, after all the splits, today you would have something like 100K shares of MO, a like number of PM shares and @ 70K shares of KFT.

    Ridiculous as it sounds, I may have calculated incorrectly to the low side. Whoooooo.
    Nov 10, 2011. 06:22 PM | Likes Like |Link to Comment
  • Dividend Reinvestment: What Some Winners and Losers Look Like Over Time  [View article]
    Yep, David, Chu Lai was Americal turf. I think it was '70 or '71, after I left (Aug. '69), when a typhoon leveled just about everything standing on that part of the coast. 140mph winds.

    Last summer, I sold my 21-speed Trek through craigslist to an ex-Marine. We got to talking about BB-62. I told him we used to watch the NJ, which sat a few miles offshore. We'd see puffs of smoke, see the ship rock, then listen as the shells went over our heads and watch the explosions in the hills to the west. He said he was in those hills at the time. Sounds like you might have been, too.
    Nov 10, 2011. 02:42 PM | 1 Like Like |Link to Comment
  • Dividend Reinvestment: What Some Winners and Losers Look Like Over Time  [View article]
    16 weeks in Texas for me (Ft. Sam Houston). After that, several 'I' Corps garden spots: Chu Lai, Phubai, and Quang Tri. I have considered every day since a blessing. Actually, Chu Lai wasn't that bad; we had our own beach.

    I did get to take a few C-121 rides with Woody Hayes (grumpy), Ricardo Montalban, Ron Ely (Tarzan) and Gypsy Rose Lee (very cool lady), a few chopper rides to a Navy hospital ship, and, for a while, I had a very nice view of the USS New Jersey in action. Old BB-62 is now berthed in Cherry Hill, NJ. I've got to get out there one of these days. Got a BB-62 hat, though.
    Nov 10, 2011. 01:21 PM | 2 Likes Like |Link to Comment
  • Dividend Reinvestment: What Some Winners and Losers Look Like Over Time  [View article]
    You missed a glorious New Jersey winter. After Dix, things only got worse. And a lot warmer......
    Nov 10, 2011. 12:21 PM | 1 Like Like |Link to Comment
  • Dividend Reinvestment: What Some Winners and Losers Look Like Over Time  [View article]
    Everyone should display the flag tomorrow.

    44 years ago yesterday, I, a reluctant draftee, arrived for Basic Training at Ft. Dix, NJ, sobbing for my mommy.....
    Nov 10, 2011. 11:08 AM | 2 Likes Like |Link to Comment
  • Dividend Reinvestment: What Some Winners and Losers Look Like Over Time  [View article]
    "the generalized conclusion was derived from a very small cherry-picked sample that does not provide ANY justification for generalizations"

    Bingo. A very basic flaw in the article, which is not remotely close to Mr. Pyke's best efforts. The comments generally outshine the article.

    FWIW, I side with the 'selective' dividend reinvestors.
    Nov 10, 2011. 11:01 AM | 2 Likes Like |Link to Comment
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