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Veritas1010

Veritas1010
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  • That Ship Has Sailed [View article]
    Many learned men have spoken and opined within. Trying to predict economic direction is about as difficult as reading tea leaves or crystal balls, while one can logically construct trends based upon government monetary policy so many variables make the calculus almost impossible.

    But, I understand we need to try none the less.
    Here's my 2 cents, revisit Austrian economics school of thinking.
    Realize that the illusionary manipulation and printing of fiat currencies can only go on for a finite amount of time no matter how long that time appears to be. I am aware that our international economic dependencies have necessitated more modern economic contrivances (liars in the lair maybe?), but undoubtedly this system of non-finely tuned manipulation and market forces will implode one day - arguably just as it did in part in 1929. Yes, I know, "times are different now", they assuredly are. But the increased government control and manipulation that proceeded from that event has changed the course of democracy and freedom as we know it and has ushered in enlightened tyranny and confiscatory taxation and government policies. In part the net result is an unmitigated increase in international hubris, and endless enemy and wars one after another, (talk about taking productive capital and destroying it in with inefficient cronyism!).

    Ron Paul phrased it succinctly: "welfare and warfare". Gentleman and Ladies all, while I remain fully invested, let no one deny reality, this ship left the dock a long time ago, and like the Titanic will one day come to rue the day what most did not perceive, you cannot make a sound ship on wishful thinking and specious engineering - or float it indefinitely on well-wishing debt either.

    So, print, spend, borrow and run Mary...
    May 4, 2015. 10:36 AM | 1 Like Like |Link to Comment
  • Cenovus Energy: Selling Royalty Lands - Necessity And Opportunity [View article]
    Very well researched and considered article. Thank you very much.

    CVE is for the long term investor presently.

    disc.: long CVE
    May 3, 2015. 11:29 AM | 1 Like Like |Link to Comment
  • Canadian Oil Sands posts Q1 net loss, cuts spending plan [View news story]
    I admire you courage Paulo and thought about such things. I suppose if I were younger there would be no question in my mind about it.

    But, with (early) retirement very close at hand, the best I can do is wait and hope. That isn't a great investment strategy, but that's the one I'm going to take. My dividend gravy train has been nicked along with portfolio worth, but while I do not foresee COSWF ever returning to its former payout I can see that firming oil prices and even sluggish global demand with increase prices (that are inevitable) despite the growth and political/economic trend toward green energy.

    I'm also hoping Imperial doesn't buy them out, low dividend, flat growth and what would be tantamount to a reverse split. I don't see SU as a viable suitor since they must struggle to keep their dividend and head above water also. Can COSWF make it? Not sure, but not bailing.
    May 2, 2015. 06:29 PM | Likes Like |Link to Comment
  • AT&T closes on Nextel Mexico [View news story]
    AT&T 'Uniting the Americas'.

    What is old is new. The 'new' Ma Bell is certainly on the rise...Cuba next?
    May 2, 2015. 06:16 PM | Likes Like |Link to Comment
  • 3 Reasons AT&T's Lower Wireless Churn May Not Matter [View article]
    A very one dimensional analysis of challenges (real or imaginary) that T faces.

    The Internet of everything has just begun, and T is there. Direct TV and Latin American expansion and T (intends) to be there. Mexico, and T is there. And, in the footsteps of its former self, intelligible rumor has suggested Cuba too, and it is reasonable to say T will be there.

    T is looking to 'Unite the Americas', and my money is there - with them.

    As for VZ, great company too, just own a lot more T and see the possibility for some long term growth potential, even with FCF challenges and landline retreat the latter which has arguably already been accounted for in a variety of financial decisions going forward by T.

    disc.: long T and accumulating on bottoms wherever possible.
    May 2, 2015. 06:08 PM | 2 Likes Like |Link to Comment
  • Vodafone: Is An Improving Trend In Europe Enough? [View article]
    But, at the moment metrics would suggest VOD is fairly priced.

    India is undoubtedly crucial to VOD's international strategy. That said VOD remains a positive I believe and still a sound look term hold - as to accumulate presently, however, not so sure.

    disc: long VOD
    May 2, 2015. 05:13 PM | Likes Like |Link to Comment
  • While There Are Challenges, TeliaSonera Remains A Solid Telecommunications Investment [View article]
    A company I have followed for a while. Thank you for highlighting.

    My question is, however, how will a magnitude 7.8 earthquake in Nepal effect infrastructure and services for this company? Otherwise everything else is as flat as the Texas plains or Kazan steeps...

    This looks like quite an issue really.
    May 1, 2015. 01:46 PM | Likes Like |Link to Comment
  • Warren Buffett sings Coca-Cola's praises at annual meeting [View news story]
    So, I suppose it would be superior to expand a global nanny state (kind of like the succor of a global plantation) where the beneficent gods of redistributive mercy tell you what to eat, drink, smoke, and breath?
    And, how about what to invest in too while we're at it.

    With 48% of the U.S. receiving some governmental largess how many freedoms and personal responsibilities do individuals as myopic as yourself need to see eroded, before you realize that unless we are willing to take a hand in our own health and well-being we will lose the freedom to even debate issues such as these since personal responsibility cannot be legislated but must be learned through trial and error and education - not manipulative government propaganda.

    No free lunches. And, freedom and responsibility - now "that's the Real Thing"!

    disc. Long KO, but the Board is in need of a serious turnover at the top.
    Apr 29, 2015. 09:11 PM | 6 Likes Like |Link to Comment
  • Vodafone: Too little, too late on infrastructure projects? [View news story]
    I have no argument but agreement, VOD's management pre-Colao was uninspiring - to phrase it politely. However, Colao's track record has not of yet been so defining spectacular that I would ascribe focus and strategic execution for a bit of serendipity.

    Was the exiting of China a good idea? Has the Essar Ltd. (expansion) been the success within India that investors and institutions had reason to hope for? Was entering New Zealand an understandable and logical move after leaving Poland, Egypt, and other smaller principalities of potential economic opportunity? Was ONO a good move, really??? Portugal?

    VOD, always so much potential - yet one string of questionable missteps and head scratching decisions after another. Never anything fatal, but just enough 'mist and fog' within the decision making process that serves to support the denial in fact of becoming the undisputed global telecommunications giant that this corporation ought to be.
    Apr 27, 2015. 09:57 PM | Likes Like |Link to Comment
  • Vodafone: Too little, too late on infrastructure projects? [View news story]
    VOD's management won kudos with (over) generous return of value to investors with the VZ spin-off.

    However, their management is returning to form, confusion, lack of focus and certainty in pin-pointing opportunities.

    Something's don't change, and VOD's management I suppose unfortunately is one of them.

    disc.: long VOD, always hoping that they will be successful despite one questionable management move after another, historically...
    Apr 27, 2015. 07:08 PM | Likes Like |Link to Comment
  • AT&T Proves Its Doubters Wrong [View article]
    One can't help but wonder why someone so successful and wealthy would bother to post such intimate facts.

    Have a good day.
    Apr 26, 2015. 11:00 PM | 2 Likes Like |Link to Comment
  • ConocoPhillips: Protecting The Dividend Without Cash Flow [View article]
    Jcl1969, your comments and others are excellent on this article. "Fungible" well spoken. If I were entering the market for the first time several oil majors would deserve consideration and investment. Besides what you mention I would add RDS too.

    However, conversely, oil through indispensable to our global economy is going through a revolution of sorts. Higher production costs, longer term global stagflation, growth of alt energy not as an ecological choice for arm chair Greens but as viable energy alternatives with and without government tax and social incentives. These small forces like bends in a stream will not stop the water flow, but the will alter the flow rate and the calculus of that mighty resource from a tame and predictable entity to one that could have stagnation and purification in some parts of its journey.

    My metaphorical allusions are only meant to be a warning to new investors as well as those of us who have accumulated across time at possibly even lower prices than we are seeing today. Stellar corporations such as XOM, COP, RDS or CVX have suffered non-proportionally to the disintegration of oil and gas pricing globally. For myself, I'm holding -as I have done for the long term most of my investing existence.

    But adding? Here is where I would be careful, but certainly not exclude (i.e., COP @ $62 or below sure, why not bite or accumulate some, but COP at $68 presently, sorry risk looks to out weigh potential rewards, better equities can be found with dividend payouts not as challenged T, VZ, VOD for example, there are others in different sectors too even in an over bought market).

    disc.: long COP, XOM, RDS, and others including TOT, STO, E. But cautious per the above...
    Apr 26, 2015. 11:33 AM | 3 Likes Like |Link to Comment
  • AT&T Proves Its Doubters Wrong [View article]
    Just buy baby buy!
    Apr 24, 2015. 06:00 PM | 2 Likes Like |Link to Comment
  • AT&T Proves Its Doubters Wrong [View article]
    There are several different (legitimate) methodologies I believe to appraise FCF and what 'cash availability' should be considered valid.

    I am not an accountant. But, I am sure several readers here may be. Further clarification is reasonable, but I think Ray's link is very valid in rendering a good understanding.
    Apr 24, 2015. 05:59 PM | Likes Like |Link to Comment
  • AT&T Proves Its Doubters Wrong [View article]
    I may be late to the reply chorus, but the 88% seems spot-on.

    The longer term concerns (previously) was how was AT&T going to continue to pay out its generous dividend (with even meager yearly growth) from FCF when other vital financial metrics pointed to attenuations and longer term competitive contractions.

    Simple, acquisitions for the time being ought to quell these (overblown) concerns, as well as renewed international expansion throughout the Americas.
    Apr 24, 2015. 05:50 PM | 1 Like Like |Link to Comment
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