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taxman100

taxman100
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  • Pain in the sporting goods sector after Dick's reports [View news story]
    Shooting sports is taking away time and interest from other sports that you can socialize with others, but performance is entirely dependent on yourself. Like golf.

    Most people realized deep down inside that society is in an accelerating moral, spiritual, and fiscal decline. Therefore it seems better use of one's time and money to practice a skill that may be useful some day, rather than hitting a little ball into a hole.

    Ammo and sporting arms sales are down after everyone stocked up - that is why sporting goods stores are suffering.
    May 19, 2015. 04:01 PM | Likes Like |Link to Comment
  • Natural Gas: Short-Term Bearish, Long-Term Bullish? [View article]
    I'm thinking a few more weeks of bearish NG - the issue is how far ahead are the traders thinking.

    I know the typical answer is until lunch, but maybe they are looking longer term.
    May 6, 2015. 02:38 PM | Likes Like |Link to Comment
  • Marine Harvest's (MHG) CEO Alf Helge Aarskog on Q1 2015 Results - Earnings Call Transcript [View article]
    Seems like a decent quarter - stock is flat after being up in December, but the dividend seems okay for the current market price.
    May 3, 2015. 11:00 PM | Likes Like |Link to Comment
  • Newcastle Investment Corp. Is A Buy Based On Past Performance And Future Expectations [View article]
    I have owned NCT through all of the spin-offs, so it has been very good to me.

    I, like many others, used to play more golf 15 years ago. I've taken up the shooting sports much more, so golf is now a once a year event.


    Based upon the accelerating financial, moral, and social decay in the United States, there are better skills to practice than hitting a little ball into a hole.
    Apr 28, 2015. 12:08 PM | 3 Likes Like |Link to Comment
  • For Medallion Financial, The Future Is Arriving [View article]
    Medallion Financial aside (which I used to own but sold), I don't understand how anyone can make real money driving for Uber, once depreciation, fuel, etc. is considered. I'm sure most are cheating on their car insurance, which means Uber is banking on other paying the costs of their drivers thru higher insurance premiums.

    I realize Uber is part of what I call the new "desperation economy", where there are a large percentage of people who have to hardscrabble just to survive in the short term.

    It just seems to me it is another Wall Street darling that depends on finding new desperate people to sell their "product", only Uber makes all of the profit.

    Medallion may or may not be a good investment, but Uber is just another company that figured out how to take advantage of our declining standard of living.
    Apr 13, 2015. 02:54 PM | 5 Likes Like |Link to Comment
  • Higher than expected inventory build sends natural gas futures in red [View news story]
    Most guys who use it are professional HFT. Their computer algorithm kicked in 1 second after the new hit.....

    These are not funds for investing, but shorter term trading.
    Apr 9, 2015. 11:09 AM | 2 Likes Like |Link to Comment
  • 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
COMMENTS STATS
329 Comments
646 Likes