dave mckay

Wall Street Breakfast: Must-Know News

""Car-accident victims with pending lawsuits and those who won damages against GM before it filed for bankruptcy will still be unable to bring claims against the new GM""

But the unions get a sweetheart deal from Obama as the maimed and injured get nothing even though they won a lawsuit against GM. Gotta wonder if the Democrats are really compassionate after all, or if it is just very selective.

Wall Street Breakfast: Must-Know News

Big deal. 10 billion is really nothing in the grand scheme of things. I'm glad the govt. is theoretically losing this amount. After the mafia tactics the govt. used last fall, making an offer the banks couldn't refuse, it's nice to see some payback. I own preferred stock in Old National Bank. and I sleep like a baby collecting my big dividend.

Wall Street Breakfast: Must-Know News

Labor unions take over Chrysler. Socialism/Communism is here, thanks to Obama and greedy unions. Hope they all fail miserably.

This Rally May Have Legs - Bespoke

On Mar 30 03:03 AM SB-tiger wrote:

> This is yet another bear market rally – up volume was thin, not supported
> by fundamentals, short interest has increased. Technically market
> is overbought, and lower lows lower highs.

Huh? 1. We've had 4 different 90% upside volume days!
2. New bull markets are never supported by current fundamentals.
3. Short interest doesn't mean as much anymore with the inverse ETF's being so popular.
4. This rally does not have lower lows and lower highs.

10 Reasons Why We Still Haven't Hit Bottom

I laugh when people say that buy and hold does not work. Just pick 3 stocks at the very top of the market in 1972. IBM, Proctor and Gamble and ConEd. You would have made a fortune. With ConEd, those shares you purchased in 1972 would now have a dividend rate of approx. 50%, with todays dividend payout! Try that with bonds or any other kind of income tax-sucking, market timing scheme.

Nervous About MLPs

Thanks Mark,

What do you think of MMP? How about NS? These two seem to have the best looking charts out of the pipeline MLP's. BTW, I am very familiar with JPS. I don't own it, I own PDT instead and like it much more than JPS, mostly due to the fact that it has a lot less financial related preferreds in it.

Nervous About MLPs

Mark Joseph, I'm confused. None of those MLP's you listed have debt 5 times earnings or less. The only one I could find that meets that criteria is MMP. JPS is a closed end mutual fund, so I think you have a typo on that one.

How Treasury's Bank Bailout Could Make Things Worse

Bottom Line? We got into this current mess by levering up some bad paper. Now, the government wants to take the bad paper, move it into different hands while levering up some more! With the taxpayer left as the bag holder.

Ronald Reagan was right..."The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help'."

We Don't Need No Stinkin' Rally: Eye on Hotel REITs

Panamax, but don't forget that if the call dates are the same, the 9% coupon A shares will get called at par before the 8% B shares will. So there is the time value of money involved here as well.

Wall Street Breakfast: Must-Know News

Yea, for the rest of us, a $3,000 limitation on deductions of capital losses each year is a sad joke.

Wall Street Breakfast: Must-Know News

The carbon tax is a joke. Global warming stopped ten years ago. Fact is that 1998 was the warmest of the last 10. And besides, what's the big deal, the earth has only increased 1 degree F in the 20th century! Some global warming! It's just a left-wing wealth redistribution scheme.

We Don't Need No Stinkin' Rally: Eye on Hotel REITs

William, on the balance sheet, could a quick and dirty way to look at these is to compare property,plant,equipme... versus long term debt? That comparison seems to end up being similar to your rankings.

We Don't Need No Stinkin' Rally: Eye on Hotel REITs

William, quantumonline.com is a great website to do research on preferreds. It's free, but I make a small contribution every year. Thanks for this analysis of yours.

Mortgage REITs: Real Value in a Chaotic Market

I'm pretty sure the drop in AGNC following the quarterly results had to do with their announcement that they are going to increase the leverage from 5x to 7x, which is where Annaly is at. To do this increase in leverage, AGNC will probably do a secondary stock offering. This is what caused the drop. If you read the conference call transcript, an analyst somewhat points this out.

Northern Trust Is a Banking Buy - Barron's

US Bancorp CEO says he was forced to take TARP money. Didn't want to.