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  • GM Rated Rotten, $31 Price Target, As It Puts The 'Brakes' On Russia [View article]
    "I would guess that B has about twice his own personal money betting against GM or expecting it to remain flat for some time to come."

    Wow, is that just something you say to ignore the reality that Berkshire increased it's GM position?
    Aug 25, 2014. 12:03 PM | 8 Likes Like |Link to Comment
  • Visa And MasterCard Will Win In Mobile Due To HCE [View article]
    Great update. Your article seems positive regarding HCE's impact on V and MA, but do you see any other technology risk to their payment "toll booths"? These two companies seem bulletproof investments with a low business risk profile but I fear I'm ignoring a competitive risk.

    Thanks in advance.
    Aug 22, 2014. 11:06 PM | Likes Like |Link to Comment
  • Visa: High Dividend Growth Stock To Consider [View article]
    I agree, the easy money has been made.

    I think fiscal 2020 P/E should be closer to 16x ($320 5 year target) because of it's strong moat and good business economics but that still gives about 9% including dividends so it's pretty fairly valued at the current $216.

    As a long-term owner, I want over 12% so I layer on options. For each 100 shares, one buys a Jan 2016 210 call and sells two Jan 2016 240 (20x 2016 EPS) covered calls for zero net premium. This more than doubles the upside of the shares alone to $240 with a capped gain of 25% (17% annualized) as the effective Jan 2016 sale price is $270. This strategy is flexible as one can roll down the 210 call to 200, 190 or 180 strikes if V drops between now and expiration to increase potential appreciation.
    Aug 21, 2014. 06:17 PM | 1 Like Like |Link to Comment
  • 50 stocks that "matter most" to hedge funds [View news story]
    Exposure in terms of % weighting of equity holdings.
    Aug 21, 2014. 03:26 PM | 2 Likes Like |Link to Comment
  • 50 stocks that "matter most" to hedge funds [View news story]
    Most hedge funds, despite their reputation, don't buy stocks that with excessive valuation. Very few hedge funds own these stocks based on 13F filings.
    Aug 21, 2014. 03:25 PM | 8 Likes Like |Link to Comment
  • Home Depot Is An Unwise Investment At These Prices [View article]
    So what would you do with those dividend payments since you clearly think HD is overvalued at $88 post Q2 earnings.
    Aug 20, 2014. 03:54 AM | Likes Like |Link to Comment
  • Home Depot beats by $0.07, beats on revenue [View news story]
    Very solid results. HD doing well despite the generally poor performance of retailers.
    Aug 19, 2014. 06:26 AM | 1 Like Like |Link to Comment
  • Tracking David Einhorn's Portfolio - Q2 2014 Update [View article]
    Time will tell. Value investor portfolios often look like a collection of crappy stocks.
    Aug 17, 2014. 10:30 PM | 2 Likes Like |Link to Comment
  • The bottom falls out at SeaWorld Entertainment [View news story]
    Once again, I have absolutely no problem with BX's investment or the private ownership. If people want to go see the orcas, they can, but "Blackfish" provides a look to how the orcas are treated. More information is almost always preferable to less.

    I'm not going to argue about this any longer as it's all a personal view on whether this behavior should be condoned.
    Aug 13, 2014. 03:40 PM | 1 Like Like |Link to Comment
  • The bottom falls out at SeaWorld Entertainment [View news story]
    Greyfox, it was a documentary and much of the footage was from and about people who actually worked at SeaWorld.

    Please point out to any major inaccuracies about how SeaWorld is harmful to orcas with evidence. Your really think orcas aren't better off in the wild? This is similar to how terrible elephants are treated in circuses. I look forward to your response.
    Aug 13, 2014. 03:31 PM | 2 Likes Like |Link to Comment
  • The bottom falls out at SeaWorld Entertainment [View news story]
    BX makes investments based on economics. I own BX and don't blame them for their investment but I'm glad the movie came out and people are now aware of how harmful these parks are to the Orcas.

    “The greatness of a nation and its moral progress can be judged by the way its animals are treated.”
    ― Mahatma Gandhi
    Aug 13, 2014. 03:22 PM | 2 Likes Like |Link to Comment
  • The bottom falls out at SeaWorld Entertainment [View news story]
    So you think some people not supporting animal cruelty is just political correctness?

    I suggest you watch it on NetFlix.
    Aug 13, 2014. 03:18 PM | 1 Like Like |Link to Comment
  • Big year for Cadillac outside of the U.S. [View news story]
    GM keeps the cash earned over there and uses it to build factories since that's where most of GM's future sales growth is coming from. The domestic profits are used to pay dividends and buybacks. This makes sense and is tax efficient.
    Aug 12, 2014. 02:44 PM | 4 Likes Like |Link to Comment
  • Latest Obamacare Lawsuits Could Hurt Walgreen And CVS Caremark [View article]
    I think ESRX is a better deal than WAG and it uses it's massive FCF for very accretive share buybacks.
    Aug 11, 2014. 05:45 PM | 1 Like Like |Link to Comment
  • General Motors Upgraded To Buy: Why I Changed My Mind [View article]
    I think the best risk/reward if you really think GM has limited downside and great upside is a Jan 2016 risk reversal where you buy a 33/45 call spread and short a margin secured 28 put for a $0.75 net credit. Basically a 10:1 payoff if it hits $42.
    Aug 10, 2014. 04:27 PM | Likes Like |Link to Comment