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AlbionWood

AlbionWood
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  • 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
  • In Search Of Income: Covered Call CEFs (Part II - Specific Funds) [View article]
    das- By understanding what a covered-call CEF is and how it generates income. NAV is only part of the story; covered-call writing is a bigger part.
    Jan 8, 2015. 04:52 PM | 1 Like Like |Link to Comment
  • Energy Stocks: The Opportune Time Is When Both A And B Occur [View article]
    How is old Khomeini's health these days, anyway? What happens in Iran when he finally shuffles off to his eternal rewards?
    Jan 8, 2015. 02:24 PM | Likes Like |Link to Comment
COMMENTS STATS
845 Comments
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