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jjmc2001

jjmc2001
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  • Lower For Longer: Why You Should Stand Aside On U.S. Oil Producers [View article]
    @anonymoose
    FYI
    COP would no longer be considered an integrated oil name.
    May 20, 2015. 02:51 PM | 1 Like Like |Link to Comment
  • Realty Income, Keynes And 5% [View article]
    Thanks to the author and all the commenters for a lively discussion. Here is my two cents on how I am playing it. I am long O and my most recent purchase was after the "taper tantrum" at a price around 39. I almost sold when it neared 55 a few months but instead sold some June covered calls at .85. My feeling at the time was that I am happy to sell at $55 (or not). If it gets above $50 after the expiry I will likely do this again. If it slides to below $40 when (if) rates rise in 2015 I'll buy some more.
    May 9, 2015. 07:40 PM | 2 Likes Like |Link to Comment
  • Real Estate Vs. Dividend Growth Investing [View article]
    @individual trader.
    I agree but all my commercial properties are now offices-mostly light medical-dermatologists, psychologists, etc. No credit problems and they rarely relocate. Managing residential is a skill set most people don't have and if you pay a management company it really changes the yield. I had a good 25 year run in residential but the constant hassles are not for most folks. I love collecting those fat dividends from the likes of O, HTA, GIS, POT, KMI, COP, T etc. The leverage and tax advantages are great in real estate and I will always stay involved in that as an inflation hedge.
    It took me a while to realize the importance of diversification in all investments. Many folks suffered greatly by over leveraging in real estate during the recent recession.
    Apr 29, 2015. 06:30 PM | 1 Like Like |Link to Comment
  • Realty Income affirms 2015 guidance alongside Q1 results [View news story]
    Wish I had bought more during the "taper tantrum".
    Apr 29, 2015. 06:17 PM | 1 Like Like |Link to Comment
  • Real Estate Vs. Dividend Growth Investing [View article]
    Thanks for the fascinating article. I have also owned rental properties for many years. Luckily I transitioned out of the residential about 10 years ago as the management headaches became too costly. I still own some farmland and commercial which are much simpler to manage but with the commercial if you have a tenant issue it can be a big cash flow issue. Midwest farmland has been easier to manage albeit with lower annual returns. I have also come around to dividend growth investing and will slowly transition from the commercial to all dividend growth. One other aspect of real estate investing is the tax deferral aspect of your cash flow.
    Apr 29, 2015. 11:35 AM | 1 Like Like |Link to Comment
  • Marathon Oil Finally Gets The Credit It Deserves [View article]
    Let me be the first to thank you for the article on MRO. I have been long since before the spin off its downstream assets and have added to my position a few times. They have selectively gotten out of some riskier international & offshore plays to focus on the acreage you mentioned. Frankly I am astonished it has taken some analysts to finally recognize the potential. By the way their downstream pipeline spin off is up 107% since late 2013. If we see firming in oil pricing I think we may see the majors come knocking. With $70-80 WTI this is a $40 stock.
    Apr 28, 2015. 06:25 PM | 1 Like Like |Link to Comment
  • The ARCP Train Is Back On Schedule [View article]
    @tbalpha
    You are 100% correct. It is always a good idea to "fact check" the numbers on some of these sites like Yahoo. I sure hope someone new to investing will not be looking at ARCP. However I must admit I took some imprudent risks in my earlier investments. I am still long ARCP but this is like "Waiting for Godot".
    Apr 23, 2015. 12:00 PM | 1 Like Like |Link to Comment
  • Marathon Oil on the move after Morgan Stanley upgrade [View news story]
    MRO is quietly adding to its proven reserve base by drilling in the Eagle Ford and selectively in the Bakken. Since they spun off the downstream assets they have really done a good job of redeploying their capital expenditures into domestic plays. One of these days a major oil player is going to wake up and buy MRO.
    Apr 20, 2015. 11:18 AM | 1 Like Like |Link to Comment
  • ConocoPhillips: Citigroup Is Bullish [View article]
    I am long COP (and MRO) in the E & P sector. I was planning on buying more COP on dips. I may have to rethink my position if Citi is now pushing it. Weren't they forecasting oil below $40 recently?
    Apr 15, 2015. 01:56 PM | Likes Like |Link to Comment
  • Olin - Compelling Math Behind A Huge Deal [View article]
    @kurtdabear
    In one of the 2014 quarterly earnings calls Mr. Rupp made comments about the problems with an outright sale being problematic for tax reasons. Remember OLN has owned Winchester for over a century so the basis is low. I am sure there might be creative ways to structure a deal but in the past management has quickly changed the subject when analysts pressed them on this issue. I think the author is correct in his earlier comment about leverage and dividend policy. I have owned OLN for many years and have only added to my position when the dividend yield was near 4% ($20 per share). As the dust settles on this deal it will be interesting to see the OPLN trading range. Perhaps in the 28-34 range?
    Mar 30, 2015. 12:09 PM | 1 Like Like |Link to Comment
  • Olin - Compelling Math Behind A Huge Deal [View article]
    Thanks for the article. I am a long time investor in OLN. OLN management has proven to be a good low cost operator in low margin businesses. They have not been shareholder friendly with respect to the dividend. Perhaps the 50.5 % Dow shareholders will force the .20 per quarter higher.
    Mar 30, 2015. 08:30 AM | Likes Like |Link to Comment
  • Olin downgraded to Sell at UBS on dim view of chlor-alkali business [View news story]
    So much for unfounded rumors. Apparently a few folks on Wall St. knew more than us average investors as the stock has been on a tear lately.
    Mar 27, 2015. 03:33 PM | Likes Like |Link to Comment
  • Olin downgraded to Sell at UBS on dim view of chlor-alkali business [View news story]
    Very shallow analysis by UBS. I am long OLN (for many years) and it ran up recently on unfounded rumors. I will continue to be long but would not chase it above $28.00. Selling it now would be equally unwise.
    Mar 24, 2015. 12:04 AM | 1 Like Like |Link to Comment
  • More Signs Diana Shipping Is Worth Considering (If You Have The Patience) [View article]
    I have owned DSX off and on for several years. Sold it all last week. As we all know the BDI is bouncing around very low levels with no clear upside on the horizon. DSX is doing a good job of hanging in there and resetting contracts albeit at very low levels. I just decided to get out and wait to get back in when things look better for the industry. The supply/demand situation for ships is still not looking good for the rest of 2015.
    Mar 9, 2015. 03:16 PM | Likes Like |Link to Comment
  • Buy Potash Corp. As Long-Term Fundamentals Are In Place [View article]
    The barrier to entry is several hundred millions of cost to develop a mine. Of course the mine also needs ready access to transportation infrastructure. Your last statement is correct but think about the billions of btus of oil, coal, oil sands that are just laying around. With all that stuff just laying there why does it cost so much? Cost of capital is a barrier to entry that exists and is real in the potash business. If potash went way up in price you would see a lot more reserves being exploited. That costs money. Brings to mind this quote: Mark Twain has described a mine as "a hole in the ground owned by a liar." There have been a few of those guys raising money on the Canadian stock exchanges over the years.
    Feb 19, 2015. 02:20 PM | 1 Like Like |Link to Comment
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