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Alexander DeCamp

Alexander DeCamp
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  • Africa: A Bright Outlook For The Dark Continent [View article]
    Having spent several months in various African countries, you all enjoy your great adventures investing there. I'm staying far away . . .
    Sep 21, 2014. 11:37 PM | Likes Like |Link to Comment
  • Berkshire Ups Their Bet On Chicago Bridge & Iron [View article]
    I understand the thrust of the article is to highlight the short attacks, but CBI has been hemorrhaging money the last several months as well. The real question for the longs is how can CBI successfully manage it's very substantial backlog of projects. It seems as though CBI can't say, "no we don't have the manpower or resources to do your project" and instead will take all comers. So when CBI contracts for a project, they create unrealistic demands for time, money, and resources. This model could potentially doom CBI to mediocrity all around, and eventually it's demise. So I'm suggesting CBI may have got themselves overextended. But why would they overextend themselves if the have many very smart people working for them?

    What CBI really needs is a conglomerate with a lot of free capital from less cash-intensive businesses which could absorb lumpy cash volatility, and support a larger economy of scale . . .
    Aug 17, 2014. 11:43 AM | 2 Likes Like |Link to Comment
  • 3 Unique Multi-Sector Income Strategies [View article]

    Thanks for the update on these. We read you and David often as we really like your perspective on many things. We prefer and are long DSL and PCI as well. The flexibility Ivascyn and Gundlach have with the CEF structure as well as the nature of these Funds make them much more desirable than a rather more pigeon-holed ETF or mutual fund.

    Apr 25, 2014. 10:07 PM | 3 Likes Like |Link to Comment
  • Scandal Time [View instapost]
    Well Chris it could be worse. You could have half your (unfunded) 2014 ideas do well in cyberspace and get a decent ranking on some obscure internet website (Harvest). And then it could be better and one could name their newborn son Sebastian - our little man just hit 6 months . . .
    Mar 13, 2014. 11:43 PM | 1 Like Like |Link to Comment
  • The Only Reason For Automatic Dividend Reinvestment [View article]

    Each brokerage house will have a slightly different buying strategy for your DRIP selections. By selecting reinvest dividends, you are telling USAA to DRIP all your securities receiving a dividend from that account. Different prices for the DRIP occur because the firm gathers all the money from all it's customer accounts who had selected the DRIP for that security. It will then purchase the shares on the market with your collective dividend, and then divvy up your appropriate share. USAA seems to generally make their purchase about 11-12 Eastern the morning after dividends are distributed. (Or at least that when I can see it in my account.)

    This is not to be confused with Direct Investing with a company, where one has set up a share purchase plan directly with that company's investor relations. Hope that helps.

    Jan 28, 2014. 09:27 PM | 1 Like Like |Link to Comment
  • My Dividend Portfolio: 2013 Year In Review [View article]

    For whatever reason my conveyor-belt brain has been repeating Peter Lynch's tactic-and I'm paraphrasing- "if your winners continue to report positive quarters, hold em.'"


    One who aspires to a concentrated portfolio of winners and an occasional bad apple . . .
    Jan 21, 2014. 09:19 PM | 1 Like Like |Link to Comment
  • Is Union Pacific The Best Public Rail Company To Own For 2014 And Beyond? [View article]
    Mr Sands,

    Thank you for such a comprehensive look at the North American rails. Florida East Coast looks like a great acquisition candidate for GWR...

    Long UNP
    Jan 14, 2014. 09:25 PM | 1 Like Like |Link to Comment
  • Our Top Idea: John B. Sanfilippo & Son - Significantly Undervalued And Underfollowed With Catalysts [View article]
    Mr Park,

    Although your optimism might be warranted, two things to keep in mind about JBSS: 1) The current PE is above its long term average of 9.8 (FAST Graphs) 2) This family business is a Chicagoland old-reliable . . .

    Disclosure - Long: Bears, Blackhawks, Bulls, Sox. Short: Cubs
    Jan 9, 2014. 11:11 PM | Likes Like |Link to Comment
  • Grandma's Money: Giving Her Portfolio A Charge [View article]
    Thanks for sharing your strategy. For a reliable income which maintains capital, have you considered any 'blue chip' CEFs? ADX and PEO come to mind as good candidates for your Grandma. I like they help diversify and use conservative derivative strategies to juice the income in ways a smaller portfolio is not able to use. I'm also long MO, GIS, COP, NWN and SO for a retirement income portfolio. I also really like AVA and WEC and am waiting for them to go on sale. Best of luck,

    Nov 30, 2013. 05:21 PM | Likes Like |Link to Comment
  • Kraft And Kellogg Struggle For Sales Expansion [View article]
    Do you guys think PG premium moat brands won't be under similar pressure?
    Nov 19, 2013. 09:55 PM | Likes Like |Link to Comment
  • The Case Against Using Mutual Funds As Dividend Growth Proxies [View article]

    Thanks for the excellent article. I have a couple questions. Is there an institutional requirement for these mutual funds to hold hundreds of companies? For example, if one gets 1/3 of the way down the list of holdings, the remaining 200+ holdings all make up .01% each of the mutual fund. How are these holdings having any significant impact on the mutual fund? It would be like us retail investors owning one or two shares each of 80% of the entire Dividend CCC list.
    Sep 26, 2013. 03:29 PM | 1 Like Like |Link to Comment
  • The Ultimate BDC Portfolio: Q3 2013 [View article]

    Thanks for yet another excellent article. I was doing some looking around and stumbled upon BDCS, which is classified as an ETN. IIRC, it holds about 27 or so BDCs. While that number suggests one is settling for BDC mediocrity, it also sounds appealing for an income investor looking for a bit of exposure to the space. What are your thoughts?

    Sep 24, 2013. 03:56 AM | Likes Like |Link to Comment
  • Cashing In On Macroeconomic Trends: Two Harbors Investment Corp. [View article]
    Stockhawk, how is it that you've already received the SBY?
    Apr 20, 2013. 09:12 AM | Likes Like |Link to Comment