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  • General Electric Investors Can Look Forward To A 14% Dividend Increase And Beating The S&P 500 [View article]
    Rubel, I suggest that you go back to following your "rule". We all know about the history of GE. It's projections about the future of GE that interest us now. I think we're all capable of screening out the "noise" for ourselves, if we view it as such. I personally like reading about "arm chair" investing, since I have been doing it myself for 40+ years.

    If I wanted a more professional bent, I would subscribe to Value Line. Oops!!

    Dec 11, 2014. 06:34 PM | Likes Like |Link to Comment
  • Ensco Could Be The Best Driller To Play The Recovery [View article]
    Dec 11, 2014. 05:49 PM | 6 Likes Like |Link to Comment
  • General Motors May Be Bottoming [View article]
    I'll wait for the "quality of the automobiles" to bottom, before I become interested in the stock.

    Dec 11, 2014. 05:34 PM | 1 Like Like |Link to Comment
  • Starting An Energy Baron Portfolio Today [View article]
    If we're going to go out on a limb, why not go all the way out? Own a piece of your own oil well. Play the futures market. When oil rebounds, these yields are going to scream up, because the price of your commodity will rise faster than the price of the shares.

    So, how about the real, real, real income generators in this sector; VOC, ROYT, PER, et. al?

    This is real tempting for older investors, nearing retirement.

    Long COP, CVX, KMI, WMB and a few others in this sector.

    Dec 10, 2014. 06:51 PM | Likes Like |Link to Comment
  • Caterpillar Is In Trouble [View article]
    A great reminder that cyclical stocks are, well, cyclical. As they say, if you can't stand the heat, then stay out of the kitchen. I own a half position and would love to fill it out in the low 80's. I own for the dividends. Capital appreciation is secondary.

    Better yet, I wish I had a 100 grand to buy at the bottom of the trough, and sell at the top of the peak. Cyclical stocks make great trading stocks, especially when they follow an almost-predictable pattern. When I worked for U. S. Steel for 11 years, back in the 70's - 80's, the price varied between 16 and 40, give or take. The pattern was so predictable. I didn't have a 100 grand lying around then, either, but I did make a few bucks trading in and out.

    Dec 10, 2014. 06:27 PM | Likes Like |Link to Comment
  • MV Oil Trust: A Forecast Of Future Distributions [View article]
    This comment is way into the future. Dec. 10th of 2014 to be exact. I have found this thread to be most illuminating, educational and somewhat narcissistic to some extent.

    Just bought VOC this week with an average cost of $6.58. I plan on "milking it" for its distributions (they are not dividends; companies pay dividends, not trusts) and hopefully obtain some capital appreciation for the shares, before I sell them.

    To me, this is the way to play the trust game. One has to buy so low that a loss is almost impossible, heavy on the word almost. Given that VOC dies on 2031, assuming the production limit is reached prior to that date, I'm not sure I want to be the last person out the door anyway. The same would go for MVO or any other "Term Royalty Trust".

    As for MVO, this is just my opinion, but one would be better served by selling it and replacing it with VOC, to gain the extra 4 year advantage. If not practical, at least deploy any distributions toward purchasing shares of VOC, rather than plowing them back into MVO (unless needed for current income).

    Dec 10, 2014. 11:12 AM | Likes Like |Link to Comment
  • MV Oil Trust: A Forecast Of Future Distributions [View article]
    It did, and considerably so.

    Dec 10, 2014. 10:53 AM | Likes Like |Link to Comment
  • SandRidge Permian Trust: Hidden Value In SandRidge's Scraps [View article]
    Fast forward to December 10th. Oweeeeeeeeee! Ouch! Ouch! and Ouch again!!!

    Dec 10, 2014. 09:32 AM | Likes Like |Link to Comment
  • SandRidge Permian Trust: Hidden Value In SandRidge's Scraps [View article]
    Buy SDRL "If you want a great divy and potential capital appreciation". Yeah, that turned out to be real sound advice.

    Just goes to show all of us that no one has a better crystal ball than the guy (or gal) sitting next to him/her.

    Dec 10, 2014. 09:31 AM | Likes Like |Link to Comment
  • Prospect Capital: What To Do After Today's Dividend Cut [View article]
    This has to remind me of SDRL. Investors in both SDRL and PSEC knew that both companies were skating on very thin ice, yet many seemed to be caught in a state of denial, given my readings on the SA boards.

    If one bought PSEC knowing that the risk of a severe dividend cut could occur, then this may simply be a buying opportunity; a chance to add to one's position.

    On the other hand, if one were really convinced that the company would continue down a path of not meeting their commitments with current FCF (instead of borrowing, issuing new shares, etc.), well, then the term "chasing yield" comes to mind.

    Long MAIN and TCAP (which has had problems of late, as well).

    NOT short PSEC.

    Dec 9, 2014. 01:39 PM | Likes Like |Link to Comment
  • Tax Loss Selling May Be A Large Factor In 2014 For Oil And Gas Trusts [View article]
    I'm sorry that you're sorry. I got the point of the article, loud and clear. Just a small attempt at humor on my part. Apparently it failed, to some degree.

    My point is that so-called "tax-loss selling" only makes sense if one wants to sell anyway. After all, if one were to offset 100% of one's gains through matching losses, then one would make exactly nothing in the market.

    Since I don't think that's why most of us are in the market in the first place, that is to say, as a form of recreation, as opposed to "making money", matching losses with gains is a sign of mediocre investing at best.

    No, I get your point exactly, and what you say is certainly true, although it seems to be contrary to why we're in the market in the first place.

    For me, I bought PER, ROYT, VOC AND NDRO over the last week, with the bulk of my purchases coming yesterday.

    I sat by my computer and bought in tranches of $3,000 per order. As the price continued to dip, and tripped my "limit buy order", I entered another one at a lower price until I filled my positions.

    By the end of the session, I had filled all four comfortably, and with a slight loss from the closing price. Now, I might see a dip from here, but I won't be selling for tax-loss purposes!

    I guess one can say that "one man's trash is another man's treasure". I feel that I bought some treasures!

    Dec 9, 2014. 01:26 PM | 1 Like Like |Link to Comment
  • VOC Energy Trust: A Forecast Of Future Distributions [View article]
    First, I find this to be a thorough and well thought-out analysis. I appreciate the work done here by Forensic Accountant, as I do for most SA authors. What a labor they provide for us, who are simply readers!

    I have been patiently waiting for an entry point for VOC and a few other energy trusts. I want a "screaming bargain", because of the uncertainties. That entry point came yesterday, when I bought my shares for a bit lower than you did, using a limit order.

    And, while I realize that the assumptions in this article are based on three different scenarios for oil prices, I really don't believe in what some people are saying about $65 oil being around for several years (or longer). I also don't believe that $50 oil is on the horizon, but then, I have been wrong before.

    In any event, my plans are to ride this one for the full 15 years, perhaps until the end. If I can get a return of 6-8% per year after a full return of my capital, then I figure this is just a nice annuity.

    We shall see.

    Dec 9, 2014. 11:47 AM | Likes Like |Link to Comment
  • Enduro Royalty Trust: A Forecast Of Future Distributions [View article]
    What a thorough analysis! I have been waiting for the opportunity to get back into oil trusts, since my first experiences with the Canadian oil trusts 20 years ago.

    I just bought NDRO, VOC and ROYT all for a fraction of the prices available over the past several years. Yes, I know there is a risk that the oil price may stay down for some time, but I expect many years of very good returns after that. My NDRO entry price is near $6.00/unit for just over 3,000 units.

    Thanks for this great article, which was just one piece of the puzzle I needed to help me take the plunge.

    Dec 9, 2014. 10:56 AM | Likes Like |Link to Comment
  • How I Learned To Stop Worrying And Love The Collapse Of The Oil Market [View article]
    I find it hard to believe that the oil trusts are taking such a beating. While the drop in oil prices at the well head will certainly affect the distributions as long as the price of oil stays down, it won't be nearly as great as the price drop.

    VOC, NDRO, ROYT, to name a few.

    Dec 8, 2014. 05:25 PM | Likes Like |Link to Comment
  • 48 MLPs For Income: Are The 10% To 20% Yields For Real, Or Too Good To Be True? Part 4 [View article]
    Wonderful article as usual. I have owned OKS long before I heard of Seeking Alpha or DGI, as a practice. I have more than doubled my position just from the cap. app. alone. I don't watch it. I don't babysit it. It is in a taxable account, and TurboTax has made the K-1 nightmare bearable.

    Now, as I have tried to set up a DGI portfolio in my Rollover IRA, where 90% of my money is located, the UBIT issue has me kind of nervous.

    I have therefore spent considerable time looking for good MLP management companies, where the "C" corp. structure takes the worry out of the equation. That has so far led me to KMI and WMB. I have done considerable research, but the yield of the managing general partners, for the most part, just isn't attractive. OKE, KMI and WMB being three exceptions. I won't own LNCO because of the recent accounting issues. I don't need more headaches to deal with.

    Here is an open question, which I have posed before on this website. Are there others, where the yield exceeds, for example COP, enough to merit looking at them.

    Dec 4, 2014. 09:57 PM | Likes Like |Link to Comment