Seeking Alpha

davislake

davislake
Send Message
View as an RSS Feed
View davislake's Comments BY TICKER:
Latest  |  Highest rated
  • Should Berkshire Hathaway Finally Pay A Dividend? [View article]
    I would think it likely that a dividend would be qualified (depending on holding and hedging) and therefore taxed at the same rates as cap gains. That said I'm not looking for a div from BRK. They can do a much better job reinvesting than I can. Sadly, this is not true at some corporations.
    Jan 11 10:35 PM | 1 Like Like |Link to Comment
  • Are utilities headed for a death-spiral? [View news story]
    Good points. Looks like the utilities are already on it.

    http://bloom.bg/1e8ODve
    Dec 24 11:34 AM | Likes Like |Link to Comment
  • Verizon Set To Shake Up CDN Market With Proposed EdgeCast Buy [View article]
    I believe it is canadian.
    Dec 10 01:03 AM | Likes Like |Link to Comment
  • Detroit has become the most populous city to default since Cleveland in 1978 after it missed a $39.7M debt payment on Friday. Overall, Detroit intends to suspend payments on $2B of unsecured debt as part of the plan of Emergency Manager Kevin Orr to turn around the city's horrific finances. Other measures include demanding that unsecured creditors accept a haircut of over 90%, and cutting pensions for active and retired workers. [View news story]
    I did not assume the number was legit but when I went to the Detroit city official website there it is. Incredible.

    http://bit.ly/124S3H5
    Jun 16 02:15 PM | Likes Like |Link to Comment
  • Weakness in Linn Energy (LINE) and LinnCo (LNCO) is caused by talk that LNCO could realize a large tax liability in 2016, Wells Fargo says, though the firm thinks the speculation isn't accurate. Wells blames the widened spread between LINE and LNCO on rising short interest in LINE, which is easier to short. It keeps Outperform ratings on both, seeing the Q3 closing of the Berry Petroleum (BRY) merger as a catalyst. [View news story]
    Regrettably I already own as much as I ought to. Still this is a pretty tempting price. Can anyone explain why LINE is easier to short than LNCO?
    Jun 14 08:16 PM | 2 Likes Like |Link to Comment
  • Jim Cramer chooses MLPs Kinder Morgan Partners (KMP) and Enterprise Products Partners (EPD) as antidotes to potential froth in the broader stock market. Cramer likes KMP's strategic acquisitions during recent years and is bullish on its outlook. On EPD, Cramer praises the management team and likes its track record of executing growth projects and integrating acquisitions. [View news story]
    I agree that sometimes he is late. However, I've been watching Cramer off and on since 2008 and he was pumping KMP when it was in the 40's.
    May 17 11:25 PM | Likes Like |Link to Comment
  • Retirees Beware Of The Many Dangers Of Holding Overvalued Stocks [View article]
    I appreciate all of the information. Good stuff. I also note that its alot easier to scan over too much information than it is to read material that isn't written.
    Nov 1 04:03 PM | 4 Likes Like |Link to Comment
  • The Case Against Using The VIG As A Dividend Growth Proxy [View article]
    If I ratio the last div paid to the first one it is in fact a 330% increase. However, I suspect that this isn't fair. My general perception is that the first div paid by a new ETF is low. I'm not sure why but I suspect that it takes a while to get all of the stocks into the ETF and collect the divs (at least a quarter). I also suspect that a new ETF will have relatively rapid growth in assets with the earlier assets (first investors) being diluted. If I discard the first two the annual div starting in Dec 2006 (0.842) and compare it to the last year (1.244) I get a total of 47.7% increase. Lets just say this is way better than the raise I got at work.
    Oct 30 01:50 AM | 1 Like Like |Link to Comment
  • The Case Against Using The VIG As A Dividend Growth Proxy [View article]
    Thanks for the thoughtful article.
    FWIW: I sent an email to VG about the dividends not being available for VIG on the website. They responded on a Saturday morning with the following and said they would forward my comment onto their management team. Note that this goes back to the initial offering of the ETF.

    Dividend Payable Date:
    0.323 09/28/2012
    0.317 06/29/2012
    0.272 03/30/2012
    0.332 12/28/2011
    0.285 09/29/2011
    0.283 06/30/2011
    0.272 03/31/2011
    0.306 12/29/2010
    0.267 09/30/2010
    0.250 06/30/2010
    0.225 03/31/2010
    0.241 12/29/2009
    0.231 09/30/2009
    0.231 06/30/2009
    0.276 03/31/2009
    0.257 12/29/2008
    0.268 09/30/2008
    0.281 06/30/2008
    0.220 03/31/2008
    0.281 12/27/2007
    0.217 09/28/2007
    0.190 06/29/2007
    0.184 03/30/2007
    0.251 12/29/2006
    0.177 09/29/2006
    0.098 06/30/2006

    For me the key statement in the article is the need to spend the time to research the stocks. Not only do you need to have the time, you need to have the knowledge. While i have an advanced engineering degree I clearly don't know enough about accounting-yet. So far I have been very successful at proving Bogle and Malkiel (A random Walk Down Wallstreet) correct. For every MCD and PM I own I have an ERF and a BPL. Sigh.
    Oct 27 10:54 PM | 2 Likes Like |Link to Comment
  • Energy Transfer Partners: Fundamentals-Driven High-Yield MLP For Oct. 18, 2012 [View article]
    Good plan. Day trading MLPs is a bad idea unless you love tax paper work.
    Oct 19 12:56 PM | Likes Like |Link to Comment
COMMENTS STATS
10 Comments
10 Likes