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  • In Defense Of The New York Times  [View article]
    The NY Times has a unique franchise but its value will never be unlocked because they have dual class stock which keeps control with the Sulzbergers. Therefore, there isn't any consequence to actions like buying the Boston Globe for $1.1 billion then later selling it for $70 million.

    Of course, the NY Times routinely decries entrenched corporate management protected by dual class stock but hypocritically makes an exception for itself since it is a newspaper. My opinion is that if you elect to sell stock to the public, you should be answerable to the shareholders.

    Read the paper, short the stock!
    Aug 30, 2015. 05:58 PM | Likes Like |Link to Comment
  • GameStop: How Long Can It Defy The Odds?  [View article]

    Technology is always evolving faster than you think. I remember dial-up so I have confidence that any delays you currently experience will soon disappear.

    With respect to delivery, let's use music. 78 rpm records became 33 rpm then 8 track tapes, cassette tapes, CDs, followed by downloads now streaming Pandora and Spotify. Nobody even buys music anymore when it can be had for free! This has all occurred in the last 30 years. I can't say I know when it will happen but owning games on disk is just the current state of a technological continuum which is bigger than you or me. You are correct that this will take time so there may be an opportunity to make money as the stock bounces up and down but Gamestop's business model will fail eventually. Disclosure: I am short GME call options.

    Finally, more rare = rarer so your "a more rare title" should be " a rarer title." You are young so I'm hoping there is still a chance - sorry but couldn't help myself LOL!
    Jul 28, 2015. 06:37 PM | Likes Like |Link to Comment
  • Even With A Near 5% Dividend Yield I Don't Believe Chevron Is A Buy  [View article]
    Sell puts at a strike price 15% lower than the current price. If CVX goes down, buy it for less, if not, collect the premium.
    Jul 27, 2015. 09:17 PM | 10 Likes Like |Link to Comment
  • GameStop: How Long Can It Defy The Odds?  [View article]
    Remember Blockbuster Video? We now have cable on demand, Netflix, Redbox and so on. Remember Tower Records selling vinyl records, cassette tapes and CDs? We now have iTunes, Spotify and other streaming services. I do not know what the timing will be but the outcome will be similar.
    Nov 29, 2014. 11:43 PM | 2 Likes Like |Link to Comment
  • Railroad stocks not spared in energy selloff  [View news story]
    I suggest you consider comparing the cost of transporting crude by truck to that of rail - hint truck is MUCH more expensive. As commodity prices decline, transportation cost becomes a greater consideration since they do not decline as quickly as the underlying commodity. Therefore, any oil producer would rationally shift away from high cost trucking to rail.
    Nov 28, 2014. 11:39 PM | Likes Like |Link to Comment
  • The Crash Of Oil Prices Could Be The Opportunity Of The Decade  [View article]
    JayngoChayne - do you have any citations or academic papers to support your theory? Wouldn't that be true for any input such as commodities as well as labor? If you review comparative advantage carefully, I think you will find you are wrong. Your comment at the end induces me to think you are more interested in making a political statement rather than understanding economics.
    Nov 23, 2014. 10:08 PM | 4 Likes Like |Link to Comment
  • The Crash Of Oil Prices Could Be The Opportunity Of The Decade  [View article]
    Jerry - your contentions are incorrect as comparative advantage is not dependent upon the equivalent value of goods traded or relative production or consumption. Free trade is always superior. If you disagree, please provide citations to support your position. Thanks and here are mine:

    Google comparative advantage or click here:


    Nov 21, 2014. 10:50 PM | 8 Likes Like |Link to Comment
  • The Crash Of Oil Prices Could Be The Opportunity Of The Decade  [View article]
    JerryNC - While I respect your patriotism, the theory of comparative advantage indicates that all will be better off if each country specializes in producing certain products and then trades them with other countries. Buying American is not always best for America if other countries can produce that product more cheaply. That frees US capital and labor to produce other, higher value-added products. So domestic or imported is not the sole or even principal criteria......
    Nov 18, 2014. 09:15 PM | 21 Likes Like |Link to Comment
  • CSX Is Dirt Cheap  [View article]
    You express a common misconception. The Keystone pipeline is intended to transport heavy Canadian crude south to the Gulf Coast refineries. The railroads are transporting light sweet crude east from North Dakota to refineries in Delaware, New Jersey and Pennsylvania. The construction of the Keystone pipeline will have no impact on the railroads since the two modes are transporting two separate products (heavy vs. light sweet crude) to different markets (Gulf vs. East Coast). Furthermore, the Gulf refineries can't switch to using light sweet and the Eastern ones can't switch to heavy without significant capital expenditures.
    Aug 10, 2014. 11:45 PM | Likes Like |Link to Comment
  • A 10% Increase To The Union Pacific Dividend Shows How Great Management Is Performing  [View article]
    Why no mention of the share repurchase program?
    Aug 9, 2014. 11:48 PM | Likes Like |Link to Comment
  • SteadyOptions 2014 Half Year Report: 95.3% ROI  [View instapost]
    I would subscribe if you included results with commissions as well as without (as you do now). I am unaware of any commission-free options brokers!
    Jul 4, 2014. 10:44 PM | Likes Like |Link to Comment
  • Bank Of America: Why Buybacks Are Better Than Dividends  [View article]
    BAC shareholders are principally institutions which do not pay taxes on dividends. Their ultimate beneficiaries may (pensioners, mutual fund shareholders) but institutional investors are compensated based on pre-tax, gross returns. No Fortune 500 company cares or should care about individual investors - they just are not significant any longer.
    Mar 31, 2014. 12:35 AM | 1 Like Like |Link to Comment
  • Requiem For Fallen Dividend Aristocrats  [View article]
    That has nothing to do with dividend growth investing. Please consider a separate article on socially responsible investing. Be sure to compare returns with dividend growth investing!
    Mar 31, 2014. 12:15 AM | 4 Likes Like |Link to Comment
  • Union Pacific: Let This Low-Yielding Train Come Into The Station, Then Board It  [View article]
    Over 80% of the trading in the market is institutional and they don't care about splits since they invest total dollars (i.e., "buy $5 million of UNP"). It doesn't matter if they receive 10 shares or 10,000. You should start to think of your investments this way too.

    If splits added lasting value, don't you think the smart folks at Google would do so?
    Dec 9, 2013. 07:02 PM | 1 Like Like |Link to Comment
  • How To Calculate Free Cash Flow Correctly  [View instapost]
    Another possible distortion is bonus depreciation which has been in effect in some form for the past five years but is scheduled to expire on 12/31/13. It has increased depreciation materially above long run normal rates for many companies with meaningful cap ex.
    Nov 19, 2013. 08:53 PM | 1 Like Like |Link to Comment