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  • Understanding Fair Valuation: A Common Sense Approach To Long-Term Investing Success [View article]
    Recent market activity has shown that market makers won't support underlying prices in ETF's when we have accelerating volatility. ETF's should only be used by traders, not investors. Many investors think they have an edge over mutual funds because they can set stop losses for trading during the day. However, a stop loss becomes a market order when your stop loss number is not tradable and the ETF sells at a price below your stop loss. The alternative is to set a stop limit order. I believe most investors have no idea of the risk inherent in ETF's.
    Aug 29, 2015. 01:24 PM | 1 Like Like |Link to Comment
  • Now's The REIT Time To Go Shopping For SWANs [View article]
    Brad, I would add "never buy external management". I have seen too many examples of this in the past and the conflicts of interest are extensive. Regards
    Aug 28, 2015. 05:47 PM | 1 Like Like |Link to Comment
  • Now's The REIT Time To Go Shopping For SWANs [View article]
    Truthy, well said. I agree with you that Brad does an excellent job in analyzing REITs. As a seventeen year investor in this space, I have a general standard for REITs; a going-in yield not less than 5% and no more than 17 times FFO. I set these parameters so as to not overpay and provide a little breathing room for the eventual rising interest rates. I'm not a big fan of retail or office at this point. I see apartments as a strong subsection, but not without a major correction in prices. I bought a few shares of HCN, VTR and O when there was a good sale in December of 2013 with yields above 6% for HCN and O. Recently added to VTR and have a deep limit order in at $51.35. Long: EQR, O, HCN, VTR, CCP
    Aug 28, 2015. 05:45 PM | 2 Likes Like |Link to Comment
  • Philip Morris: The Healthy Cigarette [View article]
    Brandon, this is the second article where you have gotten some of the basic facts wrong. I realize you are a student and trying to get a head start on publishing some analysis. However, SA has a number of very sophisticated writers and readers who will point out these flaws every time and you might lose all credibility at an early age. PM sells overseas, not the U.S. The FDA has no effect overseas. This is a rookie mistake, but you are repeating it. Please check your facts before publishing. I am long PM and added more on the pullback after selling RAI at a significant profit. Long: MO. PM
    Aug 28, 2015. 02:33 PM | 12 Likes Like |Link to Comment
  • Duke Energy Is A Good Play In This Volatile Market [View article]
    Added to my small Duke holdings today around $71.25. Stock is trading at 8% below fair market value and has a solid dividend. Cheers
    Aug 28, 2015. 02:22 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Did You Freak This Week? [View article]
    Dale, I was ecstatic that I could add to my VZ, XOM, DUK and PM positions with great dividends. I use cash that was waiting for a market correction. Retired and loving the dividends! I have a few open limit orders that didn't hit, but might over the next month. I understand your point of view, but it definitely doesn't apply to everyone. Cheers
    Aug 28, 2015. 02:15 PM | 11 Likes Like |Link to Comment
  • The Kinder Morgan Equation Isn't Adding Up [View article]
    45Cal, this is a cheap shot and totally inappropriate to give a young man expressing his opinion.
    Aug 27, 2015. 06:34 PM | 3 Likes Like |Link to Comment
  • Conversation With Kinder Morgan's Management Re: Distributable Cash Flow [View article]
    Ron, thanks for the very thorough analysis. I can follow all the accounting and know, from prior experience, there can always be some deviation in how companies report information. I have always liked your methods of reporting DCF. KMI continues to carry a heavy debt load relative to peers multiple of EBITDA and will have to be very diligent in managing the cash flow for the next two perilous years with turmoil in the energy markets. Long: KMI, NGLS, EPD, ETE, ETP, GEL, SEP, APU and AHGP.
    Aug 27, 2015. 06:24 PM | 1 Like Like |Link to Comment
  • BHP Billiton: Financial Results Through June 30, 2015 [View article]
    Shelby, good summary. I have been a long term holder of BBL and am pleased to see a commitment to the dividend. Short term, this stock will remain out of favor with the overall commodities market. I wouldn't be surprised to see a 35% dividend cut at the end of 2017 if the prices for commodities don't recover. Long term, this company should be a steady earner with a sound balance sheet and management practices. Long:BBL, NUE, VALE
    Aug 27, 2015. 02:21 PM | 1 Like Like |Link to Comment
  • Now May Be The Best Time To Invest In Coca-Cola [View article]
    V, good article. As growth has slowed and may stay in the 5% range, I see KO as a buy under $40. My preference is $38 or lower and not more than 18 times earnings. Long: KO, PEP
    Aug 27, 2015. 02:11 PM | 3 Likes Like |Link to Comment
  • How I'd Start To Think About An Investment In 3M [View article]
    Eli, good article. I have a limit order in for $133.75 which is about as high as I will go for a decent return, assuming 17 times earnings. Cheers!
    Aug 27, 2015. 01:00 PM | 2 Likes Like |Link to Comment
  • Comments On The Market Correction; Focus On Biotechs: Large Caps [View article]
    Doc, thanks of the timely and excellent analysis. Long: GLD, AMGN, ABBV, JNJ, PFE, MRK
    Aug 26, 2015. 02:38 PM | Likes Like |Link to Comment
  • Mayo unloads on BofA over chairman/CEO vote [View news story]
    RF, Buffet was OK with the ridiculous comp package at Coke that got the entire investment community riled up. He said he wasn't crazy about it , but wouldn't interfere. Coke was forced to revise it. Mayo has also come out in favor of Goldman, Citi and Morgan Stanley.
    Aug 25, 2015. 05:32 PM | Likes Like |Link to Comment
  • The Right Way To Buy The Dip In Biotech [View article]
    G.Ray, buy great companies at fair prices, i.e. GILD under $100. I can't predict the next dip nor the magnitude. Cheers
    Aug 25, 2015. 05:26 PM | Likes Like |Link to Comment
  • A Conservative Tactical Momentum Strategy Using Bond ETFs [View article]
    Interesting article. However, I would caution readers that the market makers in ETF's don't really have a great deal of operating rules and may not support the underlying investments in a crisis. Yesterday showed that stock ETF's can drop dramatically even though the underlying assets fell at a much smaller percentage. As Equity Curve noted in his comment, back-testing in a potentially new market of eventual rising rates has its own problems. Regards
    Aug 25, 2015. 05:04 PM | 2 Likes Like |Link to Comment