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phildevoyd

phildevoyd
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  • Railcar Makers: Deep Value In An Overbought Market [View article]
    That was Buffett's Burlington Northern RR.
    Also on the political agenda is mandating the forced retirement of older oil tank cars. This would hurt marginally profitable RR's most, forcing them to merge or go out of biz. Another proposal requires more 'sand' cars placed between oil tank cars.
    http://bit.ly/1xGShWi
    Mar 20, 2015. 02:53 PM | 1 Like Like |Link to Comment
  • Railcar Makers: Deep Value In An Overbought Market [View article]
    I have positions in ARII & TRN.
    What attracted my attention was all the accidents this winter. Yes, oil tank car standards need to be upgraded. But what's not being talked about is that the rails, themselves, need to be upgraded, to meet standards of brittleness in cold weather.
    Mar 20, 2015. 11:44 AM | 6 Likes Like |Link to Comment
  • Kraft Foods lower after mac & cheese recall [View news story]
    Disregard that the stock is down premarket. Only 142 shares have traded as of 9:15.
    Mar 18, 2015. 09:24 AM | Likes Like |Link to Comment
  • Main Street Capital -4.3% after pricing secondary [View news story]
    Secondary completed. They never said in their press releases, but the math says they sold 4.37 million shares at $29.30.
    Mar 13, 2015. 04:49 PM | Likes Like |Link to Comment
  • Energy Department reportedly considering oil purchase [View news story]
    Who is to say that they weren't selling futures contracts on the way down? That would be insider trading, at least within the spirit of the law.
    Nah, they wouldn't do that! (He said with tongue in cheek.)
    Mar 13, 2015. 03:38 PM | 3 Likes Like |Link to Comment
  • Hilsenrath: "Patient" gone [View news story]
    If you thought that the US$ was strong today, just wait until they even hint at a rate hike.
    Mar 10, 2015. 03:58 PM | 2 Likes Like |Link to Comment
  • The Earnings Recession Of 2015: Stock Market In Danger? [View article]
    Each public company has several sets of books. There's a set they show shareholders and the media. Then there's a set they show the IRS. They will show a different set to the banks or M&A specialists, when the need arises. And then there's the set they show their directors as is needed or requested. It's not to deceive anyone, usually. But that doesn't make it less confusing. All theses numbers are 'on-the-fly'; in others words, it's a work in progress, and there are always balls in the air. Any way you slice it, earning reports are a snapshot in time; and by the time we see it, it's history. Successful investing is not very much about history. It's about how it looks going forward, and was our original premise for holding the stock correct or erroneous.
    Mar 7, 2015. 11:31 AM | Likes Like |Link to Comment
  • What the Beige Book tipped about fast-food chains [View news story]
    Jeb Bush says "there is not a whiff of inflation in sight".
    http://bit.ly/1MajtVH
    I say, the first whiff of inflation is intoxicating.
    Isn't it wonderful that politicians of every stripe will take credit for keeping inflation at bay, but no one will cop to having creating it when it's out of control. And it will be.
    Mar 5, 2015. 08:40 AM | 5 Likes Like |Link to Comment
  • Grocery plans from Target to veer away from typical packaged food fare [View news story]
    They would be better off by having their stores near a grocery chain store, instead of in house. TGT cannot compete with price or selection. Grocery is sell it or smell it.
    Mar 3, 2015. 10:37 AM | Likes Like |Link to Comment
  • Central Securities Corp.: Solid Long-Term Performance Overshadowed By Poor Near-Term Showings [View article]
    I have held this stock since 2012. What prompted me to buy it was the appointment of Mr. Blackford to the board of directors. He has a background in M&A; experience that is needed in unwinding of the Plymouth Rock position.
    I am also struck by the ages of the directors. A wealth of experience, to be sure. But it may also force the oldest directors to push for a sale of Plymouth Rock for estate reasons. A worst case panic sale would close the discount to net asset value.
    However, if Plymouth Rock were to be bought out by a public company, the benefit to shareholders would be enormous.
    Feb 27, 2015. 11:18 AM | 1 Like Like |Link to Comment
  • Gulf Resources finds natural gas under its Sichuan bromine well [View news story]
    Beware. PTR released thsi same news 1 year ago.
    http://reut.rs/1vfla05
    Jan 30, 2015. 11:08 AM | 1 Like Like |Link to Comment
  • Heard during The Container Store's earnings call [View news story]
    They had a rival that went bust.  "Stacks sales began to fall and in March 2014 the company shut its doors and went out of business. Fellow storage and organization retailer Organize-It got wind of the closure and offered to purchase only certain assets from Stacks and Stacks." Now they are internet only.
    Source: http://bit.ly/1tT8ZFI
    Jan 9, 2015. 10:57 AM | Likes Like |Link to Comment
  • Gross: The good times are over [View news story]
    He could be right. Back in the day, there was the 'nation of shopkeepers' theory. It tried to explain why the market went up or down. Up meant that there was no use expanding the biz, so invest in stocks. Down meant, now expanding the biz, selling stocks to raise capital.
    Today, it might be, 'let's stop buying back stock, and invest in expanding the biz, instead'.
    Jan 6, 2015. 12:44 PM | 2 Likes Like |Link to Comment
  • Understanding CME Group's Very Attractive Economic Castle [View article]
    Thank you. I have seen the charts.
    While I now consider this an unlikely event, here is the schedule of crude oil future expirations:
    http://bit.ly/1w5JpIJ.57032=

    If crude oil advances 5% or more above current prices, I will be shorting CME as we approach expiration in any near month thru, say, October.

    I am not a prophet of doom; my portfolios are not aligned for such an event. Still, it is important to have a strategy in place should something like this occur.
    Jan 4, 2015. 05:18 PM | 1 Like Like |Link to Comment
  • CVR Refining: Looking Into The Puzzling 30% Decline [View article]
    UAN has also been a target of short sellers.
    Jan 4, 2015. 02:50 PM | 1 Like Like |Link to Comment
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144 Comments
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