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  • Kinder Morgan says it will meet or exceed 2014 financial expectations [View news story]
    rubident, KMI is effectively a leveraged play on KMP. If KMP does well, KMI does really well.
    Mar 14, 2014. 01:43 PM | 3 Likes Like |Link to Comment
  • Qualcomm: A Huge New Frontier Makes It A Shrewd Buy [View article]
    "...belief based on a rear-window look at where it has been"

    Intel Chairman: "We Seem to Have Lost Our Way" ( That was last year.

    I would not say that Intel is a bad investment, but you continue to have an oddly bullish thesis on a company that has admitted that it didn't have the vision. Yet, they will now? By all means, continue to short the company that had the vision to capitalize on trends and go long the company whose chairman admits that they "lost their way."

    "The data was there to see the shift coming but Intel missed it, Bryant said, kicking off a day-long investor meeting at the company’s Silicon Valley headquarters.
    “I was personally embarrassed that we seemed to have lost our way,” Bryant said."

    I stayed away from Microsoft despite their successes in some areas due to Ballmer's infamous ability to make fun of trends and new technologies as they passed Microsoft by.

    There's a great deal of things to consider when making an investment - fundamentals, valuation, charts, etc. However, in terms of tech, it's important to me (at least) that the leaders of the company have a vision and are able to capitalize on the trends as technology evolves. I am baffled at your belief in a company whose chairman admits that they "missed the boat".

    "Intel succeeds in its efforts to penetrate mobile"

    Well, they certainly let Qualcomm have more than a head start in that department.... Good luck with your confidence in them after they did so.
    Mar 14, 2014. 01:36 PM | 2 Likes Like |Link to Comment
  • The World Is Not Drowning In Oil [View article]
    Any thoughts on Canadian National (CNQ)?
    Mar 14, 2014. 01:11 PM | Likes Like |Link to Comment
  • The World Is Not Drowning In Oil [View article]
    " Can we maintain GDP levels with more expensive oil?"

    From the last paragraph: "On normal years, average liquid fuels global production increase will likely be around 0.5-1 mb/d. This means that global economic growth cannot exceed on average more than 2.5-3.5% annually, regardless of global fiscal, monetary and economic policies. In the event of a major disruption to oil supplies, such as Russian exports not making it on the market for a prolonged period due to the current crisis, deep global recessions are likely to occur, given that actual global spare capacity is already being used up to make up for disruptions already in progress."
    Mar 14, 2014. 08:02 AM | 2 Likes Like |Link to Comment
  • The World Is Not Drowning In Oil [View article]
    Excellent, well-written article that isn't extremist, but simply realistic. There was an article the other day where it was noted that "The truth of the matter is that the industry has to make such a big deal out of shale because it’s all that’s left." It feels a little like that, and a lot of the discussion of shale has given the impression that it is not a savior, either.

    Also, if we're awash in oil, will someone let me know when gas at the pump will fall substantially, given all the oil we're swimming in? Chevron's cost of getting a barrel out of the ground is also up big, as well - up 56% in the last 3 years, and the CEO has said "$100 oil is the new $20."
    Mar 14, 2014. 07:15 AM | 4 Likes Like |Link to Comment
  • Buy An Opening Dip Friday In Yahoo? [View article]
    I suppose my question is what was the reasoning for shutting down QR payments.
    Mar 14, 2014. 06:53 AM | Likes Like |Link to Comment
  • Qualcomm: A Huge New Frontier Makes It A Shrewd Buy [View article]
    Thanks for a fine article - I'm in complete agreement. Qualcomm is not without a few hurdles in the coming years, but I'm of the belief that the company is (and has the cash to) exploring a number of new avenues. Qualcomm of 5 years from now will likely look different than it does today as the company evolves with the market. It's one of the few big techs out there that I have the confidence in to navigate chances in a rapidly moving technology landscape.

    Mobile health will be huge, there's just so many implications. Beyond that, there's the connected car, connected home (internet of everything), mobile payments (Qualcomm's beacons, which I think have a lot of possibilities.)

    I'm adding a little to my position.
    Mar 14, 2014. 06:33 AM | 1 Like Like |Link to Comment
  • Replace P&G With Unilever [View article]
    It's expensive at this point, but I continue to like Reckitt Benckiser (OTCPK:RBGLY), which is kind of a "baby P & G" and is looking to buy brands from other companies (they bought Schiff Vitamins and bought KY from Johnson and Johnson the other day - they've also been discussed heavily as a potential buyer for Merck's consumer biz).

    To me, Reckitt is an aggressive company that seems quite nimble in a sector where many names seem like they're trying to steer an aircraft carrier - the CEO has said that they will continue to be a "consolidator" in the space.

    Unilever is a very good choice (as I think is Nestle), although not "cheap" either.
    Mar 13, 2014. 07:39 PM | 3 Likes Like |Link to Comment
  • Former Obama national security adviser urges Keystone pipeline approval [View news story]
    Nothing against environmentalists (and I don't even like that term, how about those who are "environmentally friendly") - I completely agree with protecting the environment. However, the reality is that we need oil. The world can't be powered by solar or lithium-ion batteries yet and the reality is that alternatives will not replace oil for many years to come. So, oil will be transported somehow and we live in a global economy. If we do not want it, I completely agree with 1980XLS that there are other customers - Asia and elsewhere. If anything, if I were Canada I would have just forgotten Keystone by this point and instead just developed greater infrastructure to deliver energy out to the coasts instead.
    Mar 13, 2014. 07:27 PM | 5 Likes Like |Link to Comment
  • Former Obama national security adviser urges Keystone pipeline approval [View news story]
    I'm not sure if the lower support is entirely due to new negative news as much as it is people simply tired of how ridiculously dragged out this situation has been. It's absolutely the height of absurdity. It's a binary decision - yes, no. Energy has to be transported somehow - would you (and Buffett) prefer rail? Or pipelines? Neither are perfect, although rails somehow have gotten this perception that they are safer.

    I do think you have a situation with the Canadian rails - see the other day where the Canadian government forced the Canadian rails to carry x amount of grain - feel like they're at capacity, which may increase the push for Keystone to take on energy load.

    Tiny company Ceres Global Agriculture ( is also building a commodity (oil, ag) logistics hub on the US/Canadian border that they have already gotten permission to link to Buffett's BNSF railway. Ceres trades at about 0.75x book value.
    Mar 13, 2014. 06:08 PM | 2 Likes Like |Link to Comment
  • Morgans Hotel Group Co. misses by $0.14, beats on revenue [View news story]
    Seriously, someone buy this already. They have fantastic properties and have been terribly managed. I don't own it and wouldn't go near it, but it has potential under someone else's watch.
    Mar 13, 2014. 06:02 PM | Likes Like |Link to Comment
  • McDonald's: Americans Aren't 'Lovin' It' Like They Used To [View article]
    I don't believe it's appealing short/wouldn't short it personally (not to mention, I think there's far more appealing shorts in this market), although the thing that people joke about has been "long NVO, short KO or MCD." That may continue to work.
    Mar 13, 2014. 11:42 AM | Likes Like |Link to Comment
  • Qualcomm To Test Higher Levels In Near Term [View article]
    Yeah, and personally, I think there's an aspect aside from technicals and valuation that is simply listening to interviews. There was a great interview the other day (Forbes link: with the senior VP of operations that I thought was quite enjoyable. Qualcomm clearly has a view of future possibilities - connected car, connected home, mobile payments, beacons (which I think have a lot of possibilities and could really help revitalize retail or at least give it a boost) and more.

    Basically, I think mobile moves away from being about selling phones and about the experiences that a phone can provide in terms of mobile payments, alerts (which you're seeing to some degree in Qualcomm's use of beacons in major stadiums) and more. Plus, the connected car and connected home.

    Google today is heavily ad revenue. I think the Google of five-ten years from now will look very different. I do believe that Qualcomm has the ability - and the war chest - to adapt to changes and evolve over the next 5-10 years, as well. "Qualcomm is just starting to get cellular technology into everything from cars to medical devices, Mollenkopf said. That will fuel expansion in the next five to 10 years, with many improvements on the horizon for phones in the meantime, he said." (

    Lastly, the other company that I think is a little similar to Qualcomm and also own is French smart card company Gemalto, although that is more of a speculative play.
    Mar 13, 2014. 11:31 AM | Likes Like |Link to Comment
  • Qualcomm To Test Higher Levels In Near Term [View article]
    Basically, my view is this:

    Qualcomm's growth may be slowing down, but the company will still see exceptional revenue with royalties and their product portfolio. In the meantime, they have a lot of cash and exceptional, shareholder-friendly management, not to mention no debt last I looked.

    The company may not see the same level of growth from its current business, but I do believe that they are looking at a number of new opportunities and that the Qualcomm of 5 years from now may look at least moderately different than the QCOM of today. There are few tech companies that I have a relative degree of confidence in in terms of being able to move and adapt with changes in tech - Qualcomm is one of them.

    The company is not without obstacles (is there one that isn't?) but I sleep well at night owning QCOM.

    "Rather than following Intel (INTC) and Apple into the bond markets, Jacobs said he prefers to stay debt free. That will enable the company to keep investing in research and development even if the economy worsens, he said.

    “Having a good war chest makes people realize you have the ability to absorb a good blow and come back,” he said. “We want to drive the new technology into the market as quickly as possible.”"

    "Qualcomm CEO shuns debt, hoards cash" (Bloomberg,
    Mar 13, 2014. 10:54 AM | 1 Like Like |Link to Comment
  • McDonald's: Americans Aren't 'Lovin' It' Like They Used To [View article]
    "A Chipolte chicken burrito is about 1,000 calories, and 19 grams of fat. Add chips and you're at 1700 calories, and that doesn't include a soda"

    ...not to mention probably 2-3,000 mg of sodium.
    Mar 12, 2014. 09:27 PM | Likes Like |Link to Comment