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  • Cuba reportedly opens bank account at Florida's Stonegate Bank [View news story]
    Hmm... You'd think they would want a bank with a branch in Miami. Stonegate has none.
    They do have a guy who may be of Cuban descent as a VP, Pablo Veintimilla.
    May 20, 2015. 11:46 AM | Likes Like |Link to Comment
  • REIT On The Backburner And Consolidating Debt: What's Going On At RCI Holdings? [View article]
    I'm short. Landmines abound. Local politics can change. In this biz, one size does not fit all.
    May 13, 2015. 11:53 AM | Likes Like |Link to Comment
  • Value-searching in shipping stocks [View news story]
    Odd that $NVGS is not mentioned. Trades at 14x PE, no dividend. $1B market cap.
    May 9, 2015. 12:26 PM | Likes Like |Link to Comment
  • Emmeryville, CA plans for $16 minimum wage [View news story]
    There are a lot of retail stores and office buildings in Emeryville. Ikea might not like the idea.
    May 6, 2015. 09:27 PM | Likes Like |Link to Comment
  • Buffett not feeling rate hikes in the U.S. [View news story]
    I think a token rate hike would stimulate the economy, at least in the short run. Borrowers would jump at what would be perceived as their last chance to buy.
    May 1, 2015. 12:10 PM | Likes Like |Link to Comment
  • Petrobras gains as investors hope no more surprises ahead [View news story]
    Buffett said it; I believe it: "There's never just one cockroach in the kitchen."
    Apr 23, 2015. 12:45 PM | 1 Like Like |Link to Comment
  • Poultry stocks on watch after bird flu hits large Iowa farm [View news story]
    In general, migratory birds are going north. SAFM's flocks are to the south. They should be safe until fall.
    Apr 21, 2015. 09:12 AM | Likes Like |Link to Comment
  • Why I Prefer Kinder Morgan Over Enterprise Products Partners [View article]
    I own both. I like Enterprise because of their purchase of Oiltanking Partners, who has long term oil storage facilities.
    Apr 10, 2015. 12:41 PM | 5 Likes Like |Link to Comment
  • 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.
    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