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Saint Mark

Saint Mark
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  • LinnCo, created to help partnership Linn Energy (LINE +2%) attract more institutional investors, sold 30.25M shares at $36.50 each to raise $1.1B in its IPO, pricing the shares below the proposed range. LINE has increased production more than fourfold in five years and nearly doubled reserves in 2011. Each share of LinnCo represents a unit in LINE, and it will own 13.2% of the partnership. [View news story]
    I believe this is the amount of the tax on each share's dividend. My financial advisor puts the anticipated div/shr at $2.75 - $2.84. Would love to hear other's thoughts. Long LINE for over 3 years and very pleased.
    Oct 13 10:21 AM | Likes Like |Link to Comment
  • Suddenly The Boat Is Getting Rocky For AT&T [View article]
    Can you share a few of the "big stocks" you own that yield over 10%? Or, did you mean big positions? Earlier you mentioned BDCs, which are all small caps.

    Thanks, and a good exchange of ideas here.
    Oct 13 10:14 AM | Likes Like |Link to Comment
  • Suddenly The Boat Is Getting Rocky For AT&T [View article]
    Have held T for years with a YOC of around 7%. Also hold a number of BDCs and mREITS. Take a look at the slash and burn in their dividends when interest rates move. T may seem unappealing at the moment but over the long haul it's a terrific investment.
    Oct 13 10:03 AM | Likes Like |Link to Comment
  • Apple Is Trading At 60-75% Premium To Its Sum Of Parts Valuation [View article]
    Way too much attention paid to this faulty analysis. Look, eventually Apple will take a tumble and the last guy to write a negative article will be a hero. But now is not the time, and you, Sir, are no hero. 'Nuff said!
    Oct 10 08:32 PM | 1 Like Like |Link to Comment
  • Don't Be Afraid To Put MLPs In Your IRA [View article]
    I have had a fairly large MLP position in one of my IRAs for several years. Schwab's advice to me mirrors the author's. I provide my K-1s to Schwab and they file the required documents with the IRS for no charge. On the rare occasion that I have had to pay UBTI tax I am notified about a month before the money is removed from my account; there is ample time to ensure that I have cash available. One cautionary note.........if there is insufficient cash in the account shares are liquidated to cover the deficit.
    Sep 23 05:36 PM | 4 Likes Like |Link to Comment
  • Be Wary Of Prospect Capital [View article]
    Got into MAIN at 16 and out at 24. Thought it was overvalued and overbought. Silly me, but my gains were plowed into PSEC and I'm pleased so far.
    Sep 22 06:31 AM | Likes Like |Link to Comment
  • Brookfield Infrastructure Partners: The Full Package [View article]
    I have held BIP for two years and been very pleased with the results. Given its diversity I've always wondered why it's classified as a utility. My one caution........BIP sometimes takes on new investments that are out of its sweet spot. The recent investment in toll roads in SA is a good example. So far, management has been brilliant in their acquisitions, but this is step into uncharted territory in a part of the world that is notorious for nationalizing infrastructure.
    Sep 14 09:58 AM | 1 Like Like |Link to Comment
  • Be Wary Of Prospect Capital [View article]
    I found the article interesting but agree with Archman - there was nothing that hadn't surfaced in my pre-purchase research. BDCs, like all investments, offer a risk/reward paradigm. So far (three years in) I have been pleased with the results. In addition to PSEC I hold FSC and BKCC. While banks sit on cash these companies provide a vital service to American businesses and a reasonable risk/reward profile for income investors.
    Sep 13 08:09 AM | 2 Likes Like |Link to Comment
  • Dividends Provide A Return Bonus [View article]

    As a relatively new and unsophisticated investor I appreciate Chuck's article. The subsequent debate, however, makes my head hurt.

    It seems to me that the debate is moot........looking at charts of dividend paying stocks vs. non dividend payng stocks shows that those that dole out a portion of their profits to shareholders generally outperform those that don't - and over most reasonable time frames. Maybe I'm way too simple, but this is generally all I care about.

    Thanks for the discourse; it all adds to my education, and I appreciate everyone's POV.
    Aug 22 11:03 PM | 6 Likes Like |Link to Comment
  • 10.20% Proven Oil Dividend Yield For Retirees [View article]

    Any thoughts on ETP as a buy for future growth and income? I have a 5 year horizon before I start taking income. Also, Schwab allows holding MLPs and does not charge for dividend reinvestments. When I get a notice of UBI, which happens at different times of the year for different MLPs, I simply take the notices to Schwab. They file with the IRS and send me a notice of what day they will remove the payment from my account. It is my responsibility to have cash or Schwab will liquidate shares to cover what is owed. So far it's worked fine.

    Jul 20 11:55 AM | 2 Likes Like |Link to Comment
  • 5 Pipeline Stocks With Superb Yields, Part II [View article]
    Jul 19 01:06 PM | Likes Like |Link to Comment
  • High-Dividend Capstead Mortgage Corp.'s Strategy May Be Perfect For Current Market Conditions [View article]
    Does anyone know of monthly dividend Mreits other than ARR.
    Jul 19 01:02 PM | Likes Like |Link to Comment
  • Investors Should Read Between The Lines On Walter Energy's 2Q Earnings Warning [View article]
    I have been an active dividend investor for about 10 years, with a heavy emphasis on natural resources. My best investments have been MLPs, BDCs, MB Reits, and dividend growth companies like PM and MCD. I love to get input from other readers and I'm always looking for new opportunities to learn and earn!
    Jul 3 07:07 PM | 2 Likes Like |Link to Comment
  • Investors Should Read Between The Lines On Walter Energy's 2Q Earnings Warning [View article]

    I am long ARLP. With their coal hedged at higher prices for the next couple of years what are your thoughts? I love the yield and the intelligent management, and it seems to be holding up well.
    Jul 3 06:52 PM | 2 Likes Like |Link to Comment
  • Debt is going to be the ending of the developed world, says The Smartest Man in Europe, according to Byron Wien. Politicians can keep staving off catastrophe, but not forever, and in the meantime, the standard of living in the developed world will continue to converge with that of the developing. What's he buying: IBM and Apple (AAPL). Go figure.  [View news story]
    Political emotion prevents clarity in the markets. There are great opportunities to capitalize on regardless of the election outcome, but most don't see them because they are blinded by their political biases. Stay focused on good companies, solid metrics, and a wide moat and we'll all make money.
    Jul 3 11:51 AM | Likes Like |Link to Comment