j.flaherty@gmail.com

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  • Barron's Roundtable gets together  [View news story]
    No Marc Faber this year, too bad. One year most of his picks were down 20 to 30 percent or more. I thought wow. He had a terrible year! Then I realized these were his short positions.
    Jan 17, 2016. 10:25 PM | 1 Like Like |Link to Comment
  • These 6 Things Need To Happen Before Gilead Shares Go Higher  [View article]
    George Bush issued more executive orders than President Obama has, (so did Bill Clinton) you can look it up. Good luck with Gild. I was going to buy it, but changed my mind after your article. I will but the 80 puts and sell the 70 puts.....I agree with richbar.
    Jan 17, 2016. 09:29 PM | 1 Like Like |Link to Comment
  • MORL Now Yielding 28.3% mREITs At Enormous Discounts To Book Value  [View article]
    Hey COBeeMan,
    You were right. I get it now. There were 140 million reasons why Agnc doesn't buy more stock. One for each dollar paid to Gary Kain .....it will be interesting to see what Elliot management has to say on that one LOL!!! Cya
    Jan 2, 2016. 05:33 PM | Likes Like |Link to Comment
  • American Capital Agency: Could The Worst Be Over Now That Interest Rates Are Rising?  [View article]
    Note the large recent repurchases of MTGE common, and the stabilization of the preferred price. There is no excuse for letting discounts to Nav continue at greater than 25%. It looks like Management has finally done the math and decided to help out the long suffering shareholders. The buy backs are the only thing left to rescue the credibility of this management.
    Dec 21, 2015. 08:03 PM | 1 Like Like |Link to Comment
  • MORL Now Yielding 28.3% mREITs At Enormous Discounts To Book Value  [View article]
    COBeeMan: So buying back shares at a 25% discount to NAV is not in the interest of the "company?"... in this case AGNC.? The "company" is not the management alone but includes the shareholders too. The company is losing credibility everyday the NAV trades at this huge discount, and that is not good for anyone. Agnc is buying back some shares, so they disagree with your premise.
    Not only that, Agnc has seen the value of buying shares of other REITS for portfolio in the not distant past because they traded at discounts to NAV smaller than what AGNC shares are now trading at!. My point is that they should do more buying of their own shares...Maybe they will. It is the opposite of irresponsible. I respectfully disagree with you. Good Fortune.
    Long AGNC and MORL
    Dec 12, 2015. 11:52 AM | Likes Like |Link to Comment
  • MORL Now Yielding 28.3% mREITs At Enormous Discounts To Book Value  [View article]
    So then management has control over price to book, but puts their own interests above those of shareholders?
    Dec 11, 2015. 11:13 PM | 2 Likes Like |Link to Comment
  • Will Cutting Kinder Morgan's Dividend Pay Dividends?  [View article]
    we can now add to bengalla's list. best (non existent) response to an excellent post on SA!
    Oh and another thing about the honesty of the "men" at Enron...as I recall the case was blown open by a female whistle blower named Sherron Watkins....where were the men?
    Dec 10, 2015. 11:47 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: Even With A Dividend Cut, Junk Bond Status Is Likely  [View article]
    The bonds are priced as high yield (junk) already, so I guess the market has baked in the unlikely probability of a junk rating somewhere down the road. However the KMI bonds are up in price terms more than 10% since DEC 3rd. (You somehow forgot to mention this but showed a declining stock price in an article about the bonds). The lows on the bonds are behind us. Willams bonds are BB they yield the same as KMI. KMI just demonstrated the importance of the rating by cutting the div. 75%. If Kmi continues to protect the rating, it will stay investment grade. They have many levers to enable this. The rating agencies apparently agree. Two of the three never even put KMI on negative "outlook" EVEN BEFORE THE DIV CUT, and none of them even watch-listed KMI for downgrade at all as erroneously reported all over SA.
    I am long Kmi bonds and trying to buy more as they rally higher.
    Dec 9, 2015. 03:09 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan, Inc.: Trying To Separate Facts From Sentiment  [View article]
    Did you buy so e bonds polecat? They are going up !!!
    Dec 8, 2015. 10:54 PM | Likes Like |Link to Comment
  • Kinder Morgan: A Crude Awakening Awaits Bottom Fishers Of The Dividend Cut  [View article]
    Your perspective from a long term holder is extremely valuable. Good for you for taking a stand based on principal and ethics.
    Dec 8, 2015. 09:10 PM | 2 Likes Like |Link to Comment
  • MLP Meltdown: Perspectives On Energy Transfer Partners And Kinder Morgan Stock  [View article]
    Add a hamster wheel, they can use it as a habitat trail!
    Dec 7, 2015. 10:55 PM | Likes Like |Link to Comment
  • MLP Meltdown: Perspectives On Energy Transfer Partners And Kinder Morgan Stock  [View article]
    I have posted elsewhere that an understanding of KMI's customer base and their willingness and ability to continue payments in the future, and some sensitivity analysis around that, (so what happens to them if oil/gas go lower) would be helpful. Lots of small energy bond issuers in trouble does not point in an optimistic direction. What is KMI and Ete exposure to them?
    A break out of how many clients are in trouble OR NOT would be awesome.
    Whithout healthy paying customers there is no cash flow to atgue over. Lots of ink spilt on KMI. This one was one of the best. Thanks Ray.
    I own Kmi equity and purchased long Kmi bonds today.
    Dec 7, 2015. 10:42 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan, Inc.: Trying To Separate Facts From Sentiment  [View article]
    You should have written an article. This comment is superior. You have a handle on all the right questions and risks, and you seem to be the only one who asked all of them . I doubt you will find answers on SA unfortunately.
    Dec 7, 2015. 12:07 PM | Likes Like |Link to Comment
  • Kinder Morgan, Inc.: Trying To Separate Facts From Sentiment  [View article]
    49456baj(0) bonds up on div cut probability increase, stock down another 10%...same reason.
    Dec 7, 2015. 11:57 AM | Likes Like |Link to Comment
  • Down 40% - Why I Will Not Sell Kinder Morgan  [View article]
    KMI gets all of it's cash flow, (excluding that from now closed capital markets until they cut the div) from it's customers. Anyone who can list the counterparties and demonstrate how those customers are doing would provide SA readers a great service. Thanks for your work on the article.
    Dec 7, 2015. 11:41 AM | 4 Likes Like |Link to Comment
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