AlbionWood

AlbionWood
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  • The Sell-Off In European Banks Is Not Overdone  [View article]
    "Some European banks are good buys, I am sure, but ... I do not know how to tell which ones."

    Apparently the market doesn't either, since there seems to be little share-price differentiation. SAN for example looks to be in much better shape than the others you discuss, yet its share price is collapsing right along with the others.
    Feb 12, 2016. 01:46 PM | Likes Like |Link to Comment
  • Paragon Offshore to file for Chapter 11 bankruptcy  [View news story]
    "Holders of 77 percent of Paragon’s $984 million senior unsecured notes maturing 2022 and 2024 agreed to receive $345 million in cash and 35 percent in equity in the reorganized business, the statement said. Existing shareholders will retain the remaining 65 percent of the equity."

    So existing common shares retain some value - not a wipeout. Explains the 200% jump in share price.
    Feb 12, 2016. 12:26 PM | 2 Likes Like |Link to Comment
  • Cisco: Earnings Beat May Bring Bounce From Lows  [View article]
    This article helped me decide to buy CSCO, after watching it for a couple of years. With today's news, it looks like I finally did something right... thanks for the help!
    Feb 10, 2016. 06:16 PM | Likes Like |Link to Comment
  • Cisco adds $15B to buyback, ups dividend; shares +8.7% post-earnings (updated)  [View news story]
    Idealogue.
    Feb 10, 2016. 06:06 PM | 2 Likes Like |Link to Comment
  • Terex: Buy At Cycle Trough For A Double As New CEO, Merger, Highway Bill Play Out  [View article]
    Closed at $14.46 today...
    Jan 19, 2016. 11:23 PM | Likes Like |Link to Comment
  • If I Had To Build An Income Portfolio Today - Update 1  [View article]
    just,
    "Buying high yield bonds (for example) in a fund greatly reduces the risks. "

    Except one: redemption risk. Bond funds have to sell into market declines to meet redemptions, causing principal losses.
    Nov 20, 2015. 12:14 PM | 8 Likes Like |Link to Comment
  • GT Advanced Technologies' Deal With Apple Seems A Very Reasonable Outcome  [View article]
    Wasn't it the Apple loan that drove them into BK in the first place? So with that debt extinguished, what does the balance sheet look like?
    Nov 4, 2015. 06:21 PM | Likes Like |Link to Comment
  • Retired Investors: A Portfolio For Withdrawing Your Annual RMD Without Withdrawing Principal  [View article]
    Wait, what? What is the difference between "funds" and "income?"
    Oct 30, 2015. 01:23 PM | Likes Like |Link to Comment
  • Upstream MLPs May Be The Best Bet To Profit From An Oil Price Recovery  [View article]
    I use it, but the K-1s are still a giant PITA. All of them include lines for which the calculations are dependent on the individual situation, so you are left trying to comprehend the IRS instructions, which in turn require understanding the details of your MLP income, whether you should "elect" certain treatments of certain parts, etc... Not worth it any more.
    Oct 29, 2015. 01:16 PM | 3 Likes Like |Link to Comment
  • Equity CEFs: Where Are The Best CEF Opportunities Now?  [View article]
    Been watching the discount widen on several funds, including AOD which went past -16% recently. Good to hear from Doug Albo that this looks like opportunity.
    Oct 20, 2015. 12:36 PM | Likes Like |Link to Comment
  • $1 Million Is Not What It Used To Be In Retirement  [View article]
    It looks like your model is very sensitive to certain input assumptions; changing the volatility, spending, etc. by small percentages makes a big difference in the result. That means its predictive power is very poor. It might still be a valuable _comparative_ tool, which I think is how you are using it.

    No model can accurately predict a 25-year future, Monte Carlo or not; the best that can be done is to compare alternatives and see which has the better probability. This is a problem of expectations - many (most?) retirees want some certainty, someone to tell them how much money they need. Financial advisers respond with models like this, which appear to provide the answers, but the future remains just as uncertain as ever.

    Adaptability is the key concept, left out of these kinds of anallyses, but hinted at in your penultimate paragraph. If one adjusts spending to match income over time, one's probability of never running out of money increases dramatically.
    Oct 9, 2015. 12:54 PM | 1 Like Like |Link to Comment
  • Solar Industry Recap: Tide Out, JinkoSolar Still Wearing Pants  [View article]
    User - How did that prediction work out for you?
    Sep 29, 2015. 02:14 PM | Likes Like |Link to Comment
  • A Proper Introduction To New Residential Investment Corp (Part 2)  [View article]
    jason - "Never is too long a word, even for Ents."
    Sep 29, 2015. 01:08 PM | 1 Like Like |Link to Comment
  • Weighing The Week Ahead: Will Global Weakness Drag Down The U.S. Economy?  [View article]
    Smallstep,
    "The bottom line is people still need medicines and new treatment for weird illnesses." That is true, but it is not the "bottom line," rather it is somewhere farther up in the document. Closer to the bottom line is who will pay for these medicines and treatments, and how much they will pay. The bottom line, of course, is how much all of this will be worth.

    People still need a lot of things (water, food, oil, etc), but that doesn't mean you can profit from making or selling them.
    Sep 28, 2015. 05:59 PM | Likes Like |Link to Comment
  • Premarket Gainers / Losers as of 9:10 am  [View news story]
    The number for SNR must be an error.
    Sep 1, 2015. 01:16 PM | Likes Like |Link to Comment
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