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  • Vanguard Natural Resources Bonds: Throwing The Baby Out With The Bathwater [View article]
    Thanks for a nice presentation which is not driven by "panic" reactions to
    what is most probably a short term blip on the screen of oil pricing.

    I own the equity in VNR and have been perusing the bonds and their appurtenant coupons, increasing yields and maturities.

    I have been buying more of the stock in the last two days, as I believe it is a
    superb bargain.
    Dec 13, 2014. 08:48 AM | 4 Likes Like |Link to Comment
  • Questioning Your Bonds? 3 Questions To Ask Your Advisor [View article]
    Robert,
    Nice article. Thanks.

    What is your opinion relative to utilizing Closed End Funds ? Your company,
    Black Rock has many, as you know. Several of which are carrying nice monthly
    dividends and yields.

    Any thoughts ?
    Thanks.
    Oct 8, 2014. 09:04 AM | Likes Like |Link to Comment
  • Sirius XM: Does EPS Matter? [View article]
    Stephen,
    Another good article. I agree with you on the points made. I have been investing for approximately 30 years and have never put much emphasis
    on P/E or EPS. Both are easily manipulated and have been by many companies
    so that there is always an "earnings beat" every quarter. How many times have
    companies "beat" by a single penny or two ? Huge number, especially in the bigger 500 or so.

    What maters to me is growth, operating income, "real" cash flow, price to book,
    price to sales, revenue, good management, and proper use of and management
    of debt. On these items, Sirius has done well last few years and continues to do so.

    I have owned Sirius since 2003 (up to 150,000 shares) and still own 42,000
    shares - at an average cost of $ 0.42 per share. Thus, I am quite satisfied with
    the company's performance and growth.

    Keep the good articles, research and comments coming. Always enjoy your
    insight and opinions.
    Aug 13, 2014. 06:48 AM | 5 Likes Like |Link to Comment
  • Market Outlook By Market-Making Pros, Aggregating 2500+ Stocks And ETFs [View article]
    Thank you for an enlightening and different look at market behavior.
    Jul 26, 2014. 05:00 AM | Likes Like |Link to Comment
  • Hercules Offshore shares walloped after weak Q2 report [View news story]
    Seems the "4 cent loss" popping up in commentary around the web is a
    Non-GAAP loss -- arrived at by deducting the $17.879 million gain on sale of
    three cold stacked drilling rigs from the operating income of 50 plus million.

    Well then let's talk real numbers:

    The Operating expense includes $43.670 million of Amortization and Depreciation
    expense. For folks who don't run a business, A & D expense is a non-cash long term "writing off" of some capital expenditures (such as building and land; drilling rigs; boats, etc.) However, it is not a real expense where actual cash or money is expended in the quarter or term in question. The actual money was spent or financed at some time in the past.

    Thus, subtracting the A & D amount from "Cash and Expenses" portion of the Income Statement yields a real Operating Income of $93.719 million ---
    (the $50,049,000.00 plus the $43,670,000.00).

    Overall, with some minor exceptions, the company had a good quarter.
    I am long on HERO, and don't mind the drops - as merely present opportunity
    to add to position add cheaper price.
    Jul 23, 2014. 04:51 PM | 3 Likes Like |Link to Comment
  • Hercules Offshore shares walloped after weak Q2 report [View news story]
    This Breaking News post needs to be corrected !!

    The company earned $0.04 per share. Revenue was up, $ 50 + million in operating Income, etc.

    Thus the post is either bad typing -- or intentional misinformation.
    Jul 23, 2014. 03:52 PM | 1 Like Like |Link to Comment
  • Sirius XM: Reverse Split Request Denied [View article]
    Stephen,
    Just finished perusing the article and comments of Wall Street Playbook. And, now have read through yours. So will pass along my thoughts.

    I am amazed by folks that seem to believe that a reverse split will be some sort of magic. What does it really matter if the stock price is $ 3.00 or $ 15.00 ??
    Institutions will buy it (or not) ? It will be harder to short the stock if there are less shares ? Both are common misconceptions.

    Case in point:
    Sirius has 6.174 billion fully diluted shares. This includes vested and unvested options of employees (officers, directors, etc.) Just over 53% of shares are owned by Liberty. 28.7% of shares are owned by mutual funds and institutional investors. Roughly 2.8 billion shares are in the "float". As of 4-15-2014, the number of shares shorted are 233.46 million, which equates to 8.4% of the float.
    Quite obviously, a large amount of Sirius shares are already owned by funds and institutions. So much for the myth that "they won't buy" stocks under $ 5.00.

    By comparison:
    Another stock I own is Alon USA Energy, Inc. Alon has just over 68 million shares; 66.5% are held by insiders; 33.9% are held by institutional investors and mutual funds. As of April 15th, 6.47 million shares are shorted - which equates to 34.1% of the float.

    This is but one example of the misperception that less shares equals less short interest. There are hundreds more. But, I don't to do other folks research for them.

    I understand that a lot of investors are frustrated that Sirius was over $ 4.00 and now has fallen in price yet again. But reverse splitting won't fix that. The overall picture remains the same.

    Being a small business owner I favor companies with good business, growth and
    cash flow -- and operating income (not to be confused with "net" income).
    My opinion is that Sirius is a good business which is growing, in spite of naysayers, short sellers and others.

    I think Sirius grossly overpaid for XM (in the merger) and that it gave Liberty
    way too much for what Liberty invested at the time. Nonetheless, that's water under the bridge. Liberty owns controlling interest - and thus is the ultimate decision maker.
    May 6, 2014. 09:17 AM | 8 Likes Like |Link to Comment
  • Intel Has Had The Right Strategy All Along And Has The Right One Today [View article]
    Michael,
    Thanks again for another insightful and well presented article. I have not owned stock in Intel for several years, but I still follow it (as well as Microsoft, EMC and others) as I see it (them) as windows and doors of the computing world.
    So much hype surrounds "death of the PC", one wonders how many folks fall for it.

    I much prefer online activity utilizing my desktop or laptop - rather than a
    cell phone - whether it's "I-something", "smart" or other. Screens are much to tiny for any serious internet research of stocks, bonds, financials, etc.

    I'll use my phone to make phone calls - not for surfing the web.
    My opinion, PCs will remain for many years, if for nothing more than replacing
    older models for businesses, government and other entities.
    Mar 6, 2014. 05:28 AM | 8 Likes Like |Link to Comment
  • Biofuels defenders blast EPA plan to cut ethanol mandate [View news story]
    Joseph,
    Thanks for the info on job creation activity. I have been looking at data in this area suggesting the same outcome.
    Nice to know that someone else is not only looking at the actual
    picture, but also understanding and interpreting the real situation and conclusion.
    I spent almost 25 years actively involved in politics, as an insurance regulator, lobbyist and advisor to numerous campaigns state and congressional level. Politicians and the media spin numbers and statistics to their own agenda - so as to focus people
    away from the truth. Finally got fed up with it all. Now just have a small business, with one employee, in a small community.
    The economy is really not improving very much.
    Appreciate your time and research on these important matters.
    Nov 23, 2013. 02:25 PM | Likes Like |Link to Comment
  • Biofuels defenders blast EPA plan to cut ethanol mandate [View news story]
    Joe Toomey,
    Thank you for your well researched and pointed response to the
    myth of "41 billion dollar" subsidy to oil and gas. Saved me a whole lot of typing, as your info coincides with mine.
    Now if we could only dispel the myth that " big oil" pays no income tax or other taxes. Just the top ten paid well over $ 60 billion
    in the last 10 years. Not to mention the royalty fees, excise taxes,
    and others.
    While we are at it, lets talk about the huge number of jobs provided by oil and gas companies and the trickle down effect of
    those billions of dollars into local and state coffers and economies.

    Then lets do a truthful side by side comparison with the waste of subsidies to ethanol and other "dry hole" energy projects that
    cost the taxpayers huge sums of money with no true benefit to
    them. Just increases the cost of much of what everyday working people have to pay for gas, groceries, materials, etc.
    Nov 22, 2013. 02:24 PM | Likes Like |Link to Comment
  • On Track Innovations: Improving Ops And Valuable IP Is Formula For Multi-Bagger [View article]
    Notice that Jeff Eberwein has a Automatic Buy plan on Crossroads Systems, Inc. (based in Austin, TX) - symbol CRDS. Jeff has been steadily buying since Oct. 10th of this year which has added almost 260,000 shares to his holdings of this company.
    I am currently doing DD on it and wondered if you have looked at
    at CRDS and if so, do you have an opinion ?
    Thanks.
    Nov 20, 2013. 02:25 PM | Likes Like |Link to Comment
  • Biofuels defenders blast EPA plan to cut ethanol mandate [View news story]
    Using corn for a fuel source is a major factor in the increased price of
    food. Corn is the major component of feed for beef cattle, milk cows, hogs, chickens, etc. Meat products at the grocery store have gone sky high. Milk is sky high now as are any other corn related foods.
    Grocery prices increase steadily. Notice that packaging sizes are
    mostly the same -- there's just half as much in them as there used to be. That is really helping the "poor people", huh. Food stamps buy far less than they used to and food stamp program costs continue to increase.

    Ethanol gums up engines in vehicles, reduces gas mileage as well.
    My 4-cylinder 2001 Camry used to get 39 to 42 miles per gallon.
    Now, it averages at best about 25 to 30.
    Gas mileage can significantly improve across the board in vehicles
    by putting 4-cylinder engines in cars. The 6 and 8 cylinders use more gas. No sane person needs to be driving faster than the speed limit -- so it is ridiculous to build engines to run 100 + miles per hour. It is laughable that even the electric car makers ( a la
    Tesla ) boast the 100+ MPH of their vehicles.

    The government mandates the ethanol at levels greater than the amount produced, so that refiners have to purchase the RINs
    at ridiculous levels adding more expense to the cost of gasoline.
    All so that political favored companies can suck money out of the
    people to be in a business that could not survive without massive
    subsidies from the taxpayers.

    If we have to make bio-fuels -- make them use Kudzu - it grows
    3 feet or more per day, exceedingly hard to kill, and has really
    large and "green" leaves !!
    Nov 16, 2013. 11:05 AM | 3 Likes Like |Link to Comment
  • Belief In Man Made Global Warming Key To RFS2 Political Support; A Peek Behind The Curtain [View instapost]
    Mr. Wagner, the promoters of hoaxes and their acolytes and sycophants will never admit the hoax. They make too much money on it. Most of the alleged expert scientists on this subject are employed or paid (directly or indirectly) by the various governments involved in promoting this scam. These so called experts will provide whatever "science" suits the purpose of the hoax.
    These are mostly fronted by Democrat or liberal agenda politicians (by whatever name called) who use such scams to pick the taxpayers pockets, set up more bureaucracies, and indirectly buy votes and campaign contributions.

    Nothing like whipping up a bunch of folks into a rabid frenzy to preach the story and condemn anyone who disagrees with them -- especially anyone who has the audacity to present facts or even better - utilize common sense. Proceeding like some fanatical religious cult, these poor deluded folks proceed to "shout down" the opposition; to call every person who disagrees with them degrading names; accuse them of ignoring facts, etc. In other words, the promoters are doing the very thing they accuse the other side of.

    Have spent many years involved in politics, I can tell you there is a
    political axiom (one of many) which is: Truth is irrelevant, what matters is perception. Tell the story you want the public to believe, then tell them again -- three times. Tell the story authoritatively, accuse any opposition of utter stupidity or worse. The perception soon becomes REALITY. It's commonly known as "political spin"
    and every major politician has his or her "spin-master" on staff, as do the local, state and national political parties.

    Politics is all about money and power. The money promoting this scam grew out of the money promoting the campaigns of liberal politicians. The financial windfalls being made off the scam are going in the pockets largely of heavy contributors and "bundlers" of
    contributions to such candidates.

    When common sense and any observation of weather over the last few years with: record cold temps, record snowfalls, etc. tells even the casual observer (with any sense) that this GW / Climate Change is a load of crap, the promoters ignore the facts and continue to preach their gospel and ignore REASON and FACTS.

    Thanks again for you article, your research, and your willingness to
    stand up and point out facts in the face of entrenched, gullible and grossly misled promoters of this scam.
    As you have pointed put this world has gone through many climate changes, ice ages, warming periods and other upheavals of various kinds - long before man was present and certainly long before internal combustion engines came into being.
    I have personally converted many folks to the truth. But it is tough.
    Aug 26, 2013. 04:56 AM | 1 Like Like |Link to Comment
  • Tesla's Non-GAAP Fairy Tale [View article]
    John,
    Thanks for another straight forward look at "creative" accounting.
    Reminds me of Enron's ( and similar company's ) accounting of
    fictitious revenue.
    The stock buyers are buying the hype and the sellers are laughing all the way to the bank.
    Aug 13, 2013. 07:22 AM | 1 Like Like |Link to Comment
  • Belief In Man Made Global Warming Key To RFS2 Political Support; A Peek Behind The Curtain [View instapost]
    Thank you for an excellent article.
    I well remember the Carter years and the "ice age is coming" and oil running out in 10 years scam of the public.
    The global warming crap is just that . Yet another cruel hoax by politicians and those who make money " IPO-ing " and selling the
    stock to the public. The sadness is the gullibility of the public at large
    to these scams and hoaxes.
    How about the "Y2K" scam as another example ?

    Thanks for specifically pointing out the flaws of the latest AGW scam. The outcome is the "sustainable" energy business, which is not sustainable at all without robbing the public's pocket to pay for it.
    I don't know of any "greenies" or environmental lobbies who have put their own money into these companies. They simply lobby and contribute to politicians who, in turn "let" the taxpayer pay for them.
    Aug 12, 2013. 02:16 PM | Likes Like |Link to Comment
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