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  • The President is speaking about his proposals to crack down on manipulation in the oil market. Watch live here.  [View news story]
    A war on fossil fuels? What planet are you living on? The U.S. produces more oil now than in 2003, and is producing more and more every day. We now import 45% of our oil as opposed to 57% in 2008 when Big Oil's best friend was in office.

    Obama has voiced support for natural gas. If you want to blame somebody for the failure of the Natural Gas Act in the Senate, blame the 39 myopic Republicans who voted no and Big Oil, which stuffs their campaign coffers full of cash.
    Apr 17 11:59 AM | 1 Like Like |Link to Comment
  • The President is speaking about his proposals to crack down on manipulation in the oil market. Watch live here.  [View news story]
    No one can reasonably claim that the current price of oil lies anywhere near the intersection of supply and demand. Rex Tillerson, CEO of ExxonMobil and hardly a socialist, has said many times that the price of oil should be much lower and that the elevated price is due to speculation. Saudi Arabia, the largest oil exporter, has repeatedly voiced similar sentiments. Something should be done to curb oil speculation, which only benefits investment banks.
    Apr 17 11:55 AM | 1 Like Like |Link to Comment
  • Apple: Take Profits Before You Lose Them [View article]
    I was severely tempted to sell AAPL (less than 10% of the total) yesterday. After seeing what happened in the premarket, I pulled the trigger. AAPL was pushing 20% of the portfolio, and as much as I love it, I had to sell some.

    Internally debating whether to sell AAPL is a good problem to have.
    Apr 3 10:04 AM | Likes Like |Link to Comment
  • Is Pfizer Pfinished? [View article]
    Many large companies acquire and divest parts of their businesses, but for the frequency and size of its deals, Pfizer takes the cake. It must be disheartening to work as a scientist or researcher at Pfizer.
    Mar 27 01:07 AM | Likes Like |Link to Comment
  • Apple's Cash Should Be Used For These Acquisitions Instead [View article]
    I love how people continue to think of inventive ways for Apple to set fire to large piles of its cash.
    Mar 26 11:07 PM | Likes Like |Link to Comment
  • As spring blossoms bloom
    A cool million readers
    Watch their stocks grow too.

    Enter our Seeking Alpha 1 Million User Haiku Contest, by Tuesday at midnight, and a new iPad could be yours! (earlier)  [View news story]
    Collectively, a
    Million seekers have gains
    In the billions.
    Mar 26 10:25 PM | 1 Like Like |Link to Comment
  • Is Germany Actually Preparing To Leave The Euro? [View article]
    Germany would not hold fare much better. The combination of the new Deutsche Mark, which would instantly be one of the strongest currencies in the world, and the newly weak euro would choke Germany's export-based economy by dramatically reducing the purchasing power of its biggest trade partners. This damage would far outweigh any debt relief Germany would enjoy.
    Mar 13 09:16 AM | 3 Likes Like |Link to Comment
  • Trade With The Ultimate Insider (It's Perfectly Legal) [View article]
    "Wide economic moat," "wonderful companies at fair prices" and the like become interpretive dance cliches because they have held true over the years. After all, what is more important to a company's survival and prosperity than significant and sustainable competitive advantages? Also, isn't buying a great stock at $75 better than buying it at $90?

    That purchases of Wells Fargo, IBM, Visa piqued your interest says much about your skills as an investor and your understanding of the "interpretive dance cliches" you dismiss. These stocks are great under any style of analysis, and each fits perfectly with Buffett's investment philosophy. Wells Fargo is the financial institution Buffett knows best outside of Berkshire, and he already owns a hefty stake in the company. Wouldn't you buy a dip to add to an existing position you like? IBM is by far the biggest player in the high-margin, sticky business of consulting and analytics, almost guaranteeing strong cash flow and dividend growth. It is quickly becoming an indispensible part of the information-industrial complex, and its moat is wide and deep. Visa, a toll booth operator with no credit risk, might have the biggest moat of the three. One does not need any influence in Washington or "insight that only Warren Buffet brings to the table" to realize that these are great companies that were on sale.

    As for BNSF, Buffett has had its eye on the company for a long time. By the time Berkshire acquired BNSF, Berkshire already owned over 20% of the company. Berkshire purchased this stake through 2007. Regardless of the timing of the final acquisition, what's so unusual about one company buying another company in which the first company owns a significant stake?

    Buffett certainly does not need me or anyone else to defend him from the likes of you. He makes turds that are better investors than you. I commented because your article is full of innuendo and even more full of ignorance. Hopefully, you wrote it only as an enterprising attempt to generate hits, like the 10 tired Apple-bear articles that Seeking Alpha approves every day.
    Feb 23 05:02 PM | 3 Likes Like |Link to Comment
  • Jamie Dimon (JPM) continues to rail against over-regulation, telling Fox Business that policies coming out of Washington have led to a slower and rockier recovery: "It could have been better. I do think we have made this recovery slower and worse by uncoordinated policy, the debt ceiling crisis and tons of other things that were misguided."  [View news story]
    Dimon prefers the good old days of 1999-2007 when banks could do whatever they wanted.
    Feb 14 12:17 PM | 3 Likes Like |Link to Comment
  • A Cisco And Dell Strategy That Apple Should Avoid [View article]
    You can't say that Chambers is overpaid--he had to have worked many hours a day to come up with all of Cisco's financial engineering schemes over the years. Too bad all of that work resulted in a horrible company and stock.
    Feb 14 11:47 AM | Likes Like |Link to Comment
  • Dick Bove is furious over "the mortgage deal from hell" that provides $25B in relief for distressed borrowers, states and the U.S. government. "Those people lucky or smart enough to stop making payments on their homes may get their loan balances reduced," Bove fumes; headline risk for banks - particularly BAC - will continue since the DOJ is sketching up another lawsuit over securitization irregularities.  [View news story]
    Dick Bove has repeatedly shown through his unintentionally hilarious appearances and comments that he knows less than shit about banks. Analyst indeed.
    Feb 9 05:16 PM | Likes Like |Link to Comment
  • CNBC's Mark Koba steps inside Ron Paul's fantasy of world of a world without a Fed and doesn't paint a pretty picture. A return to the gold standard, as Paul wants, would leave the dollar hostage to the whims of traders. Or, letting the Treasury manage the money supply would cause an "earthquake over who would be Treasury Secretary."  [View news story]
    Paul only wants the gold standard because he is heavily invested in gold and gold miners.
    Feb 9 12:25 PM | Likes Like |Link to Comment
  • 7 Stocks For Your Kid's Retirement [View article]
    My younger daughter was born in late 2010. In January 2011, I opened a custodial account for her and spread out $4200 among seven stocks: AAPL (her best performer thus far), GOOG, JNJ, MCD, PEP, PG, and XOM. I still have $800 to pay with, as I planned to invest only $5000 in this account to prevent it from interfering with future financial aid applications. I'm plan on buying two of the following three: DIS, KO, or V. Even if I overpay, she has a lifetime to recover.

    In 2011, her account outperformed the market by over 15% and reinvested almost $90 in dividends. Assuming the $90 increases 10% annually from dividend growth--both from the companies hiking dividends and from reinvestment--she will collect around $40K at age 65 if she doesn't sell anything.

    Oh, and soccer is the best.
    Feb 9 10:58 AM | 1 Like Like |Link to Comment
  • Has McDonald's Become Too Pricey To Buy Or Hold? [View article]
    I'm not sure I've seen a more thorough examination of a stock's valuation anywhere. Many thanks.

    I too am long MCD, and if it ever reaches $90, I'll add modestly to my position.

    Even if McDonald's is moderately overvalued, both its dividend yield and its dividend growth rate makes holding the stock a bit easier.
    Feb 1 05:21 PM | 5 Likes Like |Link to Comment
  • "Zero-bound money may kill as opposed to create credit," writes Bill Gross, continuing to argue the Fed's ZIRP policy is harming the economy. "A 30-50 year virtuous cycle of credit expansion ... is now delevering because of excessive risk and the price of money at the zero-bound ... We are witnessing the death of abundance and the borning of austerity."  [View news story]
    Is "borning" new-normalese for "birth"?
    Feb 1 01:27 PM | Likes Like |Link to Comment