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gh1616

gh1616
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  • I Love My 'Magic Pants' And My Partners Wear Them Proudly [View article]
    giorgiolb, ......

    Never thought I would have to defend Suze Orman on this site, but here we are. You and perhaps David Fish can't take more than a few minutes of her show. I've watched her a few times, and I'm glad she's there. She provides a valuable service for many, and should be mandatory watching for millions more just in this country.

    It is scary that adults ask the kind of personal financial questions asked of her. It is mostly elementary school and common sense, but without her whom do they learn from? Within U.S. education today kids know how to put on a condom in the 3rd grade, but graduating from high school haven't a clue how to manage their personal finances.
    Mar 22 10:23 PM | 3 Likes Like |Link to Comment
  • I Love My 'Magic Pants' And My Partners Wear Them Proudly [View article]
    Chuck,

    Good article and clarification. Over the decades the contribution of dividends on total returns is unequivocal.

    Several years ago I read a side by side comparison of total returns for Berkshire and Exxon dating back to 1960 as I recall. The study included acquisitions, stock splits in the case of Exxon/Standard Oil Company, and dividends. The results were surprising I thought. Total return for Exxon exceeded Berkshire A shares.
    Mar 20 10:52 AM | 3 Likes Like |Link to Comment
  • Jim Cramer Sells Linn Energy, So You Can Be Sure I Am Going To Buy [View article]
    peanut........."He was also very helpful in 2001........"

    Are you serious? And yes I remember!.... Cramer was the guy on CNBC who was saying things like "back up the truck and shovel in the shares", "greatest buying opportunity ever", and "buy, buy, buy"! After the 2001 and 2002 crash CNBC required a caveat to his recommendations; they were 'His', not CNBC which is true to this day. They didn't do that because as you say he was "very helpful". I don't recall hearing and didn't look into it but my guess is they were being sued. There clearly was a reason and I believe that was obvious.
    Mar 19 08:17 PM | Likes Like |Link to Comment
  • Jim Cramer Sells Linn Energy, So You Can Be Sure I Am Going To Buy [View article]
    biobat...............spot on brother! Well said.


    There should be tobacco type warning signs on all these sites "frequent trading can be dangerous to your financial health"
    Mar 18 10:02 AM | Likes Like |Link to Comment
  • Jim Cramer Sells Linn Energy, So You Can Be Sure I Am Going To Buy [View article]
    Achilles............

    Good article and for having the guts to call him out. Of course you know you will now be called a "hater".

    I will never forget back in the 2001/2002 tech telecom crash he was passionately telling viewers to "back up the truck and shovel in the shares" of some dumped .com's, and other various tech companies. The poor sots that followed him were cleaned out. I think CNBC made him due a mea culpa on the air didn't they?

    Don't know if regulators ever looked into positions at the Street.com in those days. Might have made some interesting reading. But like Jon Corzine he had the right politicians to ever have that become a problem.
    Mar 15 09:28 PM | Likes Like |Link to Comment
  • Jim Cramer Sells Linn Energy, So You Can Be Sure I Am Going To Buy [View article]
    teller.....

    I'm one of the 60,000 too. He's a very smart guy with a lot to say. More investors would have been wise to listen I believe. He will be missed.

    Of course I guess Cramer is more popular. I believe all too many want the easy way. Invest in Cramer's picks, no homework. Easy-peasy as long as they remain solvent.
    Mar 15 09:09 PM | 1 Like Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    If your post is aimed at me, no comment required! No reason to be more specific.
    Mar 6 11:15 AM | Likes Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    Sumflow........

    Your clarification regarding insider buys not mine. KMP is not in my future. No point to look it up. I posted above an unlikely but possible future position in the GP. For me there are many more attractive places to drive yield in this environment than Kinder Morgan at this time.

    Since we're repeating ourselves probably time to end this thread don't you think.
    Mar 6 09:20 AM | Likes Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    Sumflow........

    Well you follow it closer than I. But my source says insiders bought $500k worth of KMP recently. Maybe things have changed given the valuation?
    Mar 5 07:09 PM | Likes Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    PV......."What's your experience..........?"

    My career. Although I didn't start out as a partner. Its on my bio, what I'm willing to discuss on an open Web site.
    Mar 5 03:54 PM | Likes Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    Sumflow.......KMP 6% institutional ownership vs KMI 40%, also as has been alluded to in this thread of comments, management owns 28% of KMI. Management owns little KMP despite some recent insider buying.
    Mar 5 03:47 PM | Likes Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    PV..........

    I did not say I would lump all sensational news into headline risk. Most "sensational" news is regarding business units, rarely the entire company, accounting or otherwise. I suggest investors due diligence with these matters. Items that make a splash will likely impact a company's fundamentals. If you have as you say been an investor for 40 years while ignoring these news items you are indeed a rarity.
    Mar 4 03:56 PM | Likes Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    Hi Value......
    I agree that Kinder has been a good operator for a long time, and I used KMP for many years until we thought EPD, also a good operator in this space, was a better value play. In late 2008 we started building positions, swapping from KMP. Hence my interest in this article. And I would certainly not short these shares.

    As investing is all about risk/reward I would suggest that it is not productive for average investors to dig their heals in because they don't like the messenger questioning the company much less buy more shares. However, for those in this thread of posts that think that's a good idea, I say have at it that's what makes a market. I would also note that besides Hedgeye the Baron's article included a note of concern from a Jefferies energy analyst questioning low planned maintenance expenditures. Now I know KM feels it has answered those questions. Maybe, maybe not. Historically these things take a long time to play out.

    The real question is the sustainability of the high dividend. If I were going to buy KM shares I would look to KMI where there is greater institutional ownership. But, I wouldn't consider the shares until I saw a solid support level. It might be instructive for investors to look at LINE, it bounced along a floor support from July to November.

    Finally, you noted Jim Chanos claim that he called Enron. I listened to him discuss his supposedly prescient call. But guys claiming they made a similar call are legend. I can tell you we researched what was happening real time and the only negative we could find was some local Houston business reporter who questioned the accounting, but was way off the mark regarding what we all later learned was really going on. I had a friend who was running investments for the trust department of a large regional bank. They held the shares in accounts into the teens before selling. So while you may be convinced of Chanos' claim, call me a skeptic.
    Mar 4 03:39 PM | Likes Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    mp..........I agree, the degree to which individual investors depend upon an analyst opinion buy-side would be my recommendation too. And a part of my due diligence is to read their comments as well. But least we not forget. those of us who have been in this business a long time should counsel caveat emptor, this is not an easy business! There are lots of sad examples where analysts of all stripes have loved a company stock, assuring investors there was good value there all the way to the edge of the proverbial cliff. And please know; I'm not saying this is the case with KM! We don't know that.

    For more decades than I'd like to remember I have had a cast-iron rule that has treated me well as I believe it would others, I don't like headline risk! If earnings growth, free cash flow, and ROE looks okay and there's headline risk I'm out. By example 15 years ago I got in arguments with some, a few in my own firm about an energy business called Enron. Analysts loved it, very heavy institutional ownership and sponsorship. Outrageous to question the company. We had big positions in ours and clients accounts. We started selling calls in the $90's where the stock had stalled. No sophisticated contracts, just simple. Sold again at $85 then $80. Mid $70's we sold all of our positions on this long term holding and booked gains, but it was painful. Everybody, including clients thought we were nuts. And you couldn't argue their numbers. The headline risk was criticism that the CFO was also running its partnerships. The company had all the arguments of why this was SOP and the analysts and business media lapped it up.

    All said you don't know what you don't know. So my opinion is everything is a secondary indicator except the market action, and that includes analysts opinions. Watch what big money does including trumping insiders, beware of churn. (Sumflow above has it right I believe; "Nothing should be a substitute for your own judgement".
    Mar 2 03:04 PM | 1 Like Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    Ha,ha,ha......Okay James, I'm sure you know best. I was trying to be helpful. No need to get defensive. BTW its Barron's not Barren's.
    Feb 25 09:49 AM | Likes Like |Link to Comment
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