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taxman100

taxman100
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  • Canexus Corps' (CXUSF) CEO Doug Wonnacott on Q4 2014 Results - Earnings Call Transcript [View article]
    Ugly quarter - either:

    1. things are going to get worse
    2. they used this quarter to clean up the balance sheet, and wrote-down everything they could since the news is bad.

    90% dividend cut will make you get close to $1 a share
    Mar 13, 2015. 01:00 PM | Likes Like |Link to Comment
  • Calumet Specialty Products: No Fuel For Growth [View article]
    I've been writing covered calls on my shares here, and buying them back with the goal of a 50% return. I almost pulled the trigger last week on selling again -wish I would as April $25 calls were up over $4 - now they are around $1. I didn't see this equity issue coming so soon.

    My tax basis on my shares are so low I'd have a lot of income to recapture if I sold, so a guy has to get creative.
    Mar 12, 2015. 05:32 PM | Likes Like |Link to Comment
  • A Hardwood Flooring Insider's Take On Lumber Liquidators [View article]
    Interesting - people will buy crap products from companies of questionable scruples, and that cut corners if they think they are saving a dollar. So they won't last twenty years, but let the next sap who owns my home worry about that.

    Of course, that describes the vast majority of large American corporations today - they operate solely to keep the stock prices going up so insiders with a lot of options can cash out with a big future gain.

    GM went bankrupt, but now has the cash to buy back $5 billion in stock. How much do they still spend on ignition switches?
    Mar 11, 2015. 03:05 PM | 1 Like Like |Link to Comment
  • U.S. payroll to population [View news story]
    More good news for the statists - working mean self-sufficiency, which they abosolutely disdain.
    Mar 5, 2015. 08:40 AM | 2 Likes Like |Link to Comment
  • MBA Mortgage Applications [View news story]
    the only growth industry in this country is Washington DC bureacracy.
    Feb 18, 2015. 10:21 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Grexit Risks Resurface As Talks Break Down [View article]
    Yep - our involvement in Syria and Iraq only created a greater enemy, but of course we had to arm them first.

    Look on the bright side of our reckless neocon foreign policy - our military industrial complex will be well shielded, profiting off of the blood of our youth.

    Just think - if we can only get a real war started in Ukraine, then the money will really pour in to Washington and weapons contractors. Who makes radiation suits?
    Feb 17, 2015. 12:52 PM | 1 Like Like |Link to Comment
  • Futures on the rise after Ukraine cease-fire plan [View news story]
    Russia doesn't want Ukraine - it is a total economic and political basket case. They just don't want NATO (Let's be honest, NATO is the United States and it's vassal states that have little military value) troops and weapons right on their border. Their goal is for Ukraine to remain non-aligned.

    Ukraine signed it so they can get more indebted to the IMF. Once the money is received, all bets are off. If I lived in Eastern Ukraine, I'd bury my weapons where they are hard to discover, but easy to retrieve.
    Feb 12, 2015. 09:22 AM | Likes Like |Link to Comment
  • Midwinter Natural Gas Update [View article]
    I'd play fuel oil if I was playing cold weather in the northeast.

    Whenever there is a serious draw on the power grid in New England, utilities are forced to fire up expensive reserve generators. Then everyone electricity rates skyrocket.

    It will only get worse now that Yankee Nuclear Power Station is off-line for good. Ditto on the blockage of power lines from Canada. So more manufacturing moves South - they don't want that in New England anyways.
    Feb 11, 2015. 05:57 PM | 1 Like Like |Link to Comment
  • Marine Harvest ASA's (MHG) CEO Alf-Helge Aarskog on Q4 2014 Results - Earnings Call Transcript [View article]
    Sounds like another dividend, correct? Same as last one - 1.12 Krone, or around 16 cents before taxes.
    Feb 6, 2015. 01:05 PM | Likes Like |Link to Comment
  • EIA Natural Gas Inventory [View news story]
    Drawdown was less than expected - inventory went down by 94 Bcf vs 121 expected.

    Not good if you are long natural gas. You wanted to see a negative number larger than 121
    Feb 5, 2015. 10:41 AM | 2 Likes Like |Link to Comment
  • Is The Declining Unemployment Rate A Big Lie? [View article]
    Pay and benefits stink in Corporation America compared to when I started. Your management considers you merely another input to be outsourced to some 3rd world country if at all possible.

    New guys don't realize how bad they have it compared to when I came out of college.
    Feb 4, 2015. 08:27 AM | 1 Like Like |Link to Comment
  • 'The Turn' Is Near For Natural Gas Pricing, Buy UGAZ [View article]
    I've done some trading in DGAZ the last month or so. I wish I didn't sell out at $7.25. I do agree that nat gas will turn, but not sure if it will be this month, or later in the spring.

    I believe both of these funds (DGAZ and UGAZ) are operated by Credit Suisse, out of their Nassau office. Besides whatever risk that may indicate to retail investors, there is what I call an inherent "bleed" in these funds, where longer term they never match a true 3x performance of natural gas, up or down.

    I get nervous holding investments like this for more than a couple of weeks - and while it may be a good time to buy UGAZ, the deck is stacked in favor of the "house" in these types of investments longer term.
    Feb 3, 2015. 12:28 PM | 5 Likes Like |Link to Comment
  • EIA Natural Gas Inventory [View news story]
    actually, it is Credit Suisse through their office in Nassau. I'm out of both right now - sold DGAZ too soon, apparently.

    Where gas ends, up hard to say. Too much risk for me to get into either for now, though the bears are driving right now.
    Feb 2, 2015. 10:53 AM | Likes Like |Link to Comment
  • EIA Natural Gas Inventory [View news story]
    I only trade them - holding no longer than two weeks due to the fact their is an inherent "bleed" in them as well on share price.

    They do tend to have a cycle short term, but they are not really even a "fund" - they are some sort of investment vehicle set up by one of the big banks thru the Cayman Islands.
    Jan 29, 2015. 04:30 PM | 2 Likes Like |Link to Comment
  • The Rieger Report: Should Municipal Bonds Be 'Core'? [View article]
    Munis have done very well the last 12 months. Just stay away from Puerto Rico bonds.
    Jan 26, 2015. 11:15 PM | Likes Like |Link to Comment
COMMENTS STATS
323 Comments
636 Likes