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jjmc2001

jjmc2001
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  • The Real Reason Microsoft Is Losing Money On Its Surface Line Of Tablets [View article]
    Those are good points about security. However we (I work for the same co) have some pretty sophisticated protection to avoid this. I use my portable devices for other unrelated business activity.

    I am pretty happy with the 8" Dell Venue for less than $200. It runs all Microsoft Office and is way more functional than either an Ipad or a Kindle Fire HD. For just a few dollars more than an Android or Kindle tablet I have a lot more capability.
    Aug 14 08:22 PM | 1 Like Like |Link to Comment
  • 7 Stocks For Quality, Growth, Dividend Consistency & Reasonable Prospect Of Gain [View article]
    Large grain farmers normally have crop insurance. The Midwest in 2014 is going to have a bumper crop of Soybeans and Corn. No drought here. the problem with DE right now is the perception of low commodity prices driving down equipment purchases. I am a Buyer of DE in the low eighties.
    Aug 14 01:28 PM | Likes Like |Link to Comment
  • The Real Reason Microsoft Is Losing Money On Its Surface Line Of Tablets [View article]
    I will not comment on the financial side of this article. However I am a Windows user and have seriously considered the Surface. Instead I bought an Asus small laptop(about $300) with touch screen and a Dell Venue 8 ($194 on Amazon). Both give me everything I need and work seamlessly with my other two Windows laptops and Windows phone (NOK 920). The Surface just costs too much and if I had it to do over again I would just buy the Dell Venue with a Bluetooth keyboard. Anecdotally I was in the office of a CEO yesterday and she was using a Surface as her desktop with a large monitor and wireless mouse and keyboard. When she leaves the office she just unplugs it and goes mobile with full functionality.
    Aug 14 01:25 PM | 2 Likes Like |Link to Comment
  • Comments On Plum Creek's Q2 2014 Results [View article]
    Thanks for the summary. I agree about the lack of housing recovery. I added to my PCL on the dip but only for the dividend. I see it as a long-term hold and a possible hedge against future inflation which seems further in the future than I predicted a year ago.
    Jul 31 08:12 AM | Likes Like |Link to Comment
  • Should You Invest In Farm Land? [View article]
    @martinfrosa
    Excellent comments. Particularly appropriate for the US Midwest near large cities. As in most real estate transactions it is all about, location, timing, and cash flow.
    Jul 30 11:06 PM | Likes Like |Link to Comment
  • Why Plum Creek Timber Is A Hold [View article]
    Thank you for the article and your thoughtful replies to constructive criticism. I am long PCL and currently also consider it a "hold". I do not agree with your assertion that the housing market is rebounding. New construction is what will drive lumber prices and while housing has improved from it is well short of a rebound. That said, I think PCL has good management and a diversified asset base. They have entered into mining ventures and are doing a good job of land stewardship. I hold it now as an inflation hedge and a dividend payer.
    Jul 18 11:14 PM | 1 Like Like |Link to Comment
  • Nordic American Tanker +4% after reporting improved earnings, cash flow [View news story]
    Sounds like another secondary offering coming.
    May 12 12:49 PM | Likes Like |Link to Comment
  • Nordic American Tankers' 1Q2014 Report (NYSE:NAT) -- Cash dividend of $0.23 declared earlier. Strongly improved operating cashflow. Net income positive for the first time in four years. [View article]
    It has been awhile since I got my accounting degree but Herb always includes his undrawn line of credit availability in his cash position declaration. We didn't learn accounting that way. NAT keeps diluting shares by issuing equity to pay dividends and pay down the revolver. If the industry turns around this strategy may work. If not the stock price will keep sliding. I am still long NAT but I am starting to feel like I am on a train heading for a chasm and with luck we survive the leap. Should have jumped off long ago.
    May 12 11:09 AM | 1 Like Like |Link to Comment
  • What Is Your Risk Tolerance With American Realty Capital Properties? [View article]
    Thanks for the update Brad. The last few weeks have been interesting for O and ARCP stock prices (I am long both). Keep padding your list of publications as I find them insightful. There are some subtle market thoughts in this one that I found useful. I almost added some more ARCP on the dip after the rumor but also decided to wait until after earnings. A few more quarters of positive performance should be telling in the stock price of ARCP.
    May 1 11:24 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Partners Capitalizing On Increased Demand For Midstream Services [View article]
    @PVFederico
    I think you mean K-1 as opposed to 10-K. Not trying to nitpick your comment but I don't want any potential MLP investors to get confused about the process. A search will bring up some excellent old articles about the differences in KMP, KMI, and KMR. Then again I have read a bunch of horrible 10-Ks in my time but none with the name Kinder in them.
    Apr 13 03:51 PM | 5 Likes Like |Link to Comment
  • You Must Know This About REITs [View article]
    Brian,
    thanks for tackling this topic. I have been wrestling with this issue for quite a while and have looked at historical data, charts, etc. I do think that when the tapering discussion drove REITS down last summer we got a glimpse of what the market might do as rates rise. I viewed that dip in price as a buying opportunity and went long O, HTA, and ARCP. My philosophy right now is to buy quality REITS and reinvest the dividends. Similar situation to some of the MLP names. My hope is that for some of the reasons you cite we can see dividend growth which may mitigate the stock price drop.
    Apr 9 06:37 PM | 4 Likes Like |Link to Comment
  • Barrick Gold, Newmont target prices raised as Credit Suisse but shares tank [View news story]
    @tdwelander
    Thanks for the response. I frequent this site for different perspectives on investments. I happened upon this thread as I am interested in the mining industry as I was CFO of a mining company back in the 80s. Prior to that I also was a project finance banker and analyzed and financed many mining projects. Later I did the same in the E&P oil business. With that experience I follow those industries and look for opportunities.

    For some reason you took one of my comments and inferred this:

    "It is nice to see you have been so lucky. I do not rely on luck, ever, if I can help it. I know you will tell me you do not rely on luck either."
    Additionally you said: "Your suggestion a well rounded person should be both an investor and a trader". I don't think I said either of those things.

    Additionally you said:
    "should you have an interest in what appears to
    be a needed expansion in your thinking."
    I don't think you know me well enough to infer that. Perhaps we all need expansion in our thinking so I will take your point in a positive way and disregard my first reaction that you were calling me obtuse.

    I do think I was lucky to have been born among family members who taught me to learn, work hard, and help others when we can. I value those traits in others and hope that those traits will be carried on by my children.

    I think a well rounded person should be knowledgeable in art, philosophy, literature, history and many other things not specific or relevant to investing. I would prefer to talk about any of those subjects rather than investing.

    In my humble opinion I have worked hard and invested carefully. I am trying to keep my assets increasing in value at a greater rate than inflation will deplete them. I continue to use fundamental financial analysis when looking at individual stocks and invest using that analysis among other things. Luck, chance or a "black swan" event may occur at any time which can affect an investment outcome. Such is life and that is why despite our best efforts in analyzing risk we are not always correct. That is why I rely on diversification as my fundamental premise now. I suggested index funds as an alternative for people who have neither the skill nor the patience to do their own research. There are many such investment vehicles that can be used either long, short or situation specific. Those people should probably not be choosing that course without professional assistance.

    I further pointed out that under your definition of traders that many of us conservative investors might fit your rigid criteria. Again I don't like labels. Put quite simply if the facts change (macro or micro) I may change the makeup of my portfolio and I may do it quickly. For example, I have followed the coal industry for many years but I am not an investor in that industry now. I am also long OLN. Not coincidentally the current US President influenced both of those decisions. (Thank you Mr. Obama for letting us know your stance on coal, guns and the Keystone pipeline.)

    In the spirit of full disclosure I have had some success in my portfolio management but far higher returns in real estate that I could actively develop, manage and occasionally sell. I rarely give advice but I do comment (on SA) on specific companies that I have researched. The junior miners have intrigued me for years but are not for most investors (including me). Getting back to the specifics of this thread I am long NEM but have sold covered calls against my long common position. I like NEM fundamentals but the Indonesian situation is worrisome right now so I am watching that stock closely.

    Again best of luck in your endeavors.
    Apr 9 05:47 PM | 1 Like Like |Link to Comment
  • Barrick Gold, Newmont target prices raised as Credit Suisse but shares tank [View news story]
    @tdwelander,
    I am not going to waste our time debating you. Please don't misquote me as I won't be drawn in. Best of luck in your investments.
    Apr 9 01:00 AM | Likes Like |Link to Comment
  • Nordic American Tankers Limited (NYSE:NAT) Announces Public Offering [View article]
    NAT, along with several of the other shippers, always have shelf offerings. I am well aware of that. This is an underwritten issuance of the shares that were previously authorized. They are only able to sell the stock at certain times when the market permits it. NAT has a history of this when the stock has a run. I have been investing in NAT for years and Herb has played this game a bit too long. My point is dividends need to be paid from operating cash flow not issuance of new stock and/or debt.
    Apr 7 10:33 PM | Likes Like |Link to Comment
  • Nordic American Tankers Limited (NYSE:NAT) Announces Public Offering [View article]
    I am about to cut my loss on NAT and move on. Herb has stubbornly chose to stick to his dividend policy of using his cash and borrowings to pay dividends while losing money. They continue to dilute the shares by selling more common and then deplete the cash by paying more dividends. I understand the concept that vessels are cheap now and can be bought cheaper than a few years ago but that just means more operating losses until pricing gets better for this sector. The common will take another hit from this and plod along until they dilute again.
    Apr 7 04:32 PM | Likes Like |Link to Comment
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