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  • Gilead's Predicament: Revenue And Earnings Are Unsustainable [View article]
    "This is the first I've learned that the US is rationing medicine. "
    Are you serious, or was that tongue-in-cheek?

    Medicine in the US has always been rationed, and still is. That's what insurance companies (and Medicare) do. Someone has to.
    Apr 29, 2015. 11:50 AM | Likes Like |Link to Comment
  • To Answer Naomi Rose I Spoke With The Top Scientists At SeaWorld [View article]
    "If the truth was the whales were being treated poorly, then park traffic would suffer." Since park traffic is in fact suffering, then I guess you have to conclude - from your own reasoning - that the whales are in fact being treated poorly.

    All the corporate spin glosses over the simple fact that confining such creatures is inhumane. Just because we can, doesn't mean we should.
    Apr 29, 2015. 11:06 AM | 10 Likes Like |Link to Comment
  • Gilead Sciences Reminds Me Of Apple Circa June 2013 [View article]
    "The post office has a monopoly on letter postage, yet looses billions a year."

    Not really true. FedEx and others also deliver letters, so the "monopoly" isn't complete; and USPS is not able to set its own prices, because they are overseen by a hostile Congress. It would be more acurate to say that Congress forces the USPS to lose billions. This has been a cynical but politically clever move by one political party to destroy Americans belief in their government institutions.
    Apr 16, 2015. 02:37 PM | 3 Likes Like |Link to Comment
  • General Electric: What A 15% Higher Price Means For Returns [View article]
    Huh? I guess that would be possible, if you also assume GE plays dividend catch-up by accelerating dividend increases from 2017. But how likely is that?
    Apr 14, 2015. 10:20 PM | 3 Likes Like |Link to Comment
  • Caterpillar Is A Buy At These Levels [View article]
    gio - Thanks for that. Seems more likely than contrarian's doomsday scenario.
    Apr 13, 2015. 01:17 AM | Likes Like |Link to Comment
  • $48k Per Year With A Half A Million Portfolio [View article]
    "YOC is a better metric for me. " Great, but it's useless to your readers.
    Apr 12, 2015. 01:43 PM | Likes Like |Link to Comment
  • $48k Per Year With A Half A Million Portfolio [View article]
    I was disappointed to see YOC in your first table, because it is utterly meaningless to everyone but you. Fine for you or I to use YOC as a measure of our individual progress, but pointless in articles for the general public. It's especially confusing to see YOC next to "Value" (by which I assume you mean "market value"), since these two figures are unrelated.

    Please note this is not a rant against YOC itself, which is well-plowed ground. It's a plea for authors to be more judicious about presenting it in articles like this.
    Apr 12, 2015. 01:39 PM | 1 Like Like |Link to Comment
  • Caterpillar Is A Buy At These Levels [View article]
    Contrarian - What exactly does "a mini popping of the debt bubble" look like? I don't quite understand what this prediction means. Defaults, I guess; but by whom, and in what sectors?
    Apr 12, 2015. 01:06 PM | Likes Like |Link to Comment
  • MORL April Dividend Brings Yield To 23.2% [View article]
    "An investment of $100,000 would be worth $283,848 in five years. More interestingly, for those investing for future income, the income from the initial $100,000 would increase from the $23,200 initial annual rate to $658,852 annually."

    Is there maybe a misplaced decimal point in that last number?
    Mar 23, 2015. 01:08 PM | 7 Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    Bert, your margin would then be 4X, since your original cost is fixed at $2000 and your shares are now worth $8000. How much money do you now have to put in (buying new shares) to get your margin back down to 2X?
    Feb 27, 2015. 02:43 PM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    Look for some Low Gap Whiskey. Little known but award-winning distiller using old Germain-Robin stills out in the Mendocino hinterland. Amazing stuff.
    Feb 27, 2015. 02:37 PM | Likes Like |Link to Comment
  • Illinois Tool Works: High Yields Aren't Sustainable [View article]
    This is a DGI stock, so it would be helpful and relevant to include some discussion of the dividend growth potential. Will reducing the buyback lead to a higher dividend growth rate?
    Feb 4, 2015. 04:54 PM | 1 Like Like |Link to Comment
  • S&P 500 FCF Analysis: What You Do Depends On Who You Are [View article]
    Mycroft (great handle btw), thanks for your articles, I am learning from them. I've set up a spreadsheet to calculate these ratios, using financial data from Fidelity, which leads me to a question:

    In the calculation of FROIC, do you use only the long-term debt, or the total long-term liabilities? I sometimes find very large amounts assigned to "Liabilities - Other" in addition to "Long-Term Debt" and wonder if these should be added together to calculate FROIC.
    Jan 22, 2015. 01:21 PM | 1 Like Like |Link to Comment
  • Top Picks Within Mortgage-Backed REITS For 2015 [View article]
    Also $EFC, not a REIT but treated like one by the market. Growing BV but selling at a discount, resulting in an eye-popping 15% yield. Normally it's priced for a 10% - 12% yield, so mean reversion would imply substantial price appreciation.
    Jan 15, 2015. 11:54 AM | Likes Like |Link to Comment
  • Ellington Financial discount widens [View news story]
    DVL - Because the market is never wrong?
    Jan 9, 2015. 11:41 AM | 1 Like Like |Link to Comment