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jbzw

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  • Goodrich Petroleum Longs Should Consider Swapping Into The GDPAN Preferred Convertible [View article]
    You are certainly correct. However, the author has also referenced the possiblility of a distressed buyout scenario in which event a bondholder may far better than a shareholder. Additionally, on occasion debt will be refinanced to a longer period to avoid default. In that regard, the large position that Fairfax has in Sandridge Energy, makes its bonds worth consideration for a small position. One key in this energy area is to diversify as I know we both are. Thanks.
    Feb 26, 2015. 11:55 AM | Likes Like |Link to Comment
  • Goodrich Petroleum Longs Should Consider Swapping Into The GDPAN Preferred Convertible [View article]
    Thanks for your detailed article. However, I prefer the 8.875% 3/15/2019 bond (Cusip 382410AF5) currently trading in the low forties. If one is going to be in this high risk area, I would prefer to be a creditor and not an owner.
    Feb 26, 2015. 11:37 AM | Likes Like |Link to Comment
  • The Roth Advantage No One Talks About [View article]
    Another advantage almost no one ever discusses involves the conversion to a Roth from an IRA of bonds in kind. Bonds can be converted in kind from an IRA to a Roth. The transaction is taxed on the fair market of the bond on the date of the transfer. However, the carried interest moves into the Roth account tax free. Since most bonds pay interest twice a year, I do my transfers just several days before the interest is paid. I always discuss this little known advantage with my accountant before implementation. Also, there have been some comments made to the effect that non-Roth retirement funds should be spent first. For some individuals, a mixed approach including Roth withdrawals may make more sense after taxes are considered. It is not what you make, but what you keep keep that is important. Income during retirement years should not be diminished by unnecessary taxes. There is no one size fits all. Good luck to everyone.
    Feb 26, 2015. 10:35 AM | 8 Likes Like |Link to Comment
  • The Roth Advantage No One Talks About [View article]
    If your MRDs cause you to pay taxes on your Social Security payments, you may be paying a high price to be happy. I can withdraw whatever I choose from my Roth without any tax impact.
    Feb 25, 2015. 10:59 PM | 3 Likes Like |Link to Comment
  • The Roth Advantage No One Talks About [View article]
    The second least discussed advantage discussed about a Roth is that withdrawals do not count as income when evaluating taxability of Social Security and Medicare premiums. Thanks.
    Feb 25, 2015. 08:31 PM | 11 Likes Like |Link to Comment
  • Linn Energy: An Abysmal Quarter To End 2014 [View article]
    Great comment. Its not just energy. The large increase in the middle class in those countries will create hugh demands in addition to energy. The rise will result in folks expanding the quantity and quality of the food and beverages they consume. There will be demands for more and better housing and products. They will be employed in factories and creating more wealth. Capitalism will improve their standards of living. I remember when expanding the middle class was a desirable goal in the U.S. Thanks.
    Feb 24, 2015. 11:57 AM | 1 Like Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #67 [View instapost]
    Your last paragraph explains why I never buy any bond funds. Individual bonds that I am prepared to hold until maturity, yes. Funds sold at the whim and fancy of the herd, nope. Thanks for your analysis.
    Feb 22, 2015. 07:26 PM | 1 Like Like |Link to Comment
  • Regional Bank Basket Strategy: Added 100 First Bancorp Shares At $16.81 [View article]
    Thanks for your excellent coverage of this issue. I already have a small postion in my smaller bank,possible takeover group. The dividend is very good and the share price to its book value is good.
    Feb 18, 2015. 01:55 PM | Likes Like |Link to Comment
  • OSHC Owners Forum [View instapost]
    M3 Partners has also filed a 13G. Also, there are new Change of Control Agreements with the President and CEO, and with the Senior VP and CFO. Things are moving right along.
    Feb 18, 2015. 01:31 PM | 1 Like Like |Link to Comment
  • PetroQuest Energy: Excellent 2014 Reserve Growth - Production Will Grow Despite ~60% Cut In 2015 Cap-Ex [View article]
    Thanks for your take. I am sticking with the Sandridge. One factor in my decision is the huge position held by Fairfax/Odyssey Re.
    Feb 16, 2015. 02:16 PM | Likes Like |Link to Comment
  • PetroQuest Energy: Excellent 2014 Reserve Growth - Production Will Grow Despite ~60% Cut In 2015 Cap-Ex [View article]
    Thanks for your perspective on this bond. I have several of them in my tax deferred accounts. The maturity date is soon enough to mitigate interest rate risk and long enough to allow for some flexibility for the company to meet its obligations.
    Feb 14, 2015. 01:47 PM | Likes Like |Link to Comment
  • 7 Fat Years Of Event-Driven Investing [View article]
    Good to see the new 13G filings on OSHC!
    Feb 12, 2015. 10:35 PM | Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #65 [View instapost]
    Is your first name Targa Resources - NGLS ? Thanks.
    Feb 12, 2015. 01:55 PM | Likes Like |Link to Comment
  • Bought 2 Vanguard Natural Resources 7.875% Senior Unsecured Bonds Maturing 4/1/20 At 86.59 [View instapost]
    As you often correctly say, when you buy a bond you know exactly what you will get for your investment provided the issuer stays ok. With stocks and REITs, when rates go up, the prices tend to drop.
    Feb 12, 2015. 12:49 PM | Likes Like |Link to Comment
  • Long Immigration Reform With American Apparel [View article]
    I bought a small amount of the senior 15% PIK Senior Notes due in April,2020 (Cus 023850AC4) when they were selling in the low 80s. The result could be excellent or a total bust. My view is that the stock is much, much riskier.
    Feb 12, 2015. 12:31 PM | Likes Like |Link to Comment
COMMENTS STATS
834 Comments
507 Likes