Seeking Alpha

Deltascared

Deltascared
Send Message
View as an RSS Feed
View Deltascared's Comments BY TICKER:
Latest  |  Highest rated
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    Why don't we give them $10,000 a month?
    Jan 1, 2013. 09:01 AM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    I did not like the privatizing idea but...

    To answer those morons who love to bash W for his "privatizing" Social Security idea...The Dow was at 10,500 when he mentioned it. Things have not been good. It is now at 13,000. Gov't employees have a system like he envisioned and it is up 25%, I am told.

    The reason I did not like it is because most people are cowards and nanny state lovers and really like floors. And it makes sense to give the pols another football to toss around like they are magic athletes and have a gift for the sheepie.

    Remember..... the US Government is our dear mom and Superman -- whatever you need.
    Jan 1, 2013. 08:59 AM | 2 Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    Don't look now, but this Dimocrat talking point is getting dull.

    Bush recommended accounts. The accounts would be modeled on the Thrift Savings Plan -- a 401-k type program that is already available to government employees -- and centrally administered by the government.

    The accounts are up 25% since 2005.

    Now what is your problem?
    Jan 1, 2013. 08:52 AM | 1 Like Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    Those guys didn't have a media full of dumb, state school educated dreamers and Code Pink to deal with.
    Jan 1, 2013. 08:48 AM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    Then make money on wars. We are accused of it anyway.
    Jan 1, 2013. 08:47 AM | Likes Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    ICANDOITDON -- Amen. I mention wars only to defend American lives or to make money and people go nuts!
    Jan 1, 2013. 08:46 AM | Likes Like |Link to Comment
  • Fourteen banks are reportedly set to reach a $10B settlement with regulators over abusive foreclosure practices such as incorrect paperwork and excessive charges. The banks include the five that agreed to pay $26B in another deal earlier this year - JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C) and Ally Financial. The latest settlement will allow banks to end a review of 4M loan files that has cost 1.5B so far. [View news story]
    Yes.
    Jan 1, 2013. 08:44 AM | 1 Like Like |Link to Comment
  • Fourteen banks are reportedly set to reach a $10B settlement with regulators over abusive foreclosure practices such as incorrect paperwork and excessive charges. The banks include the five that agreed to pay $26B in another deal earlier this year - JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C) and Ally Financial. The latest settlement will allow banks to end a review of 4M loan files that has cost 1.5B so far. [View news story]
    "Faulty paperwork", indeed.

    HA! I was commenting above as someone with stock. I just remembered an adventure I had with mortgage servicers! Some years ago I had a rental home and payments current for years. Then I switched insurance policies. The new company sent the appropriate paperwork. A year or so later, my payment jumped. I called and found out that a new insurance policy had been taken out on my property since I allowed the insurance to "lapse". Guess who had to pay a nice chunk of change for double coverage? Guess who owned the "Troubled Loan" insurance company? I had money, thank God, or I would have lost the house or been forced to sell.

    On on the harmless aspects of this call the lady in the Jacksonville office who was on the other side. The description and press release was undoubtedly negotiated and I suspect some borrowers would use stronger language.

    I know, banks just pay billions because of mean old judges.
    Dec 31, 2012. 01:59 PM | 1 Like Like |Link to Comment
  • Fourteen banks are reportedly set to reach a $10B settlement with regulators over abusive foreclosure practices such as incorrect paperwork and excessive charges. The banks include the five that agreed to pay $26B in another deal earlier this year - JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C) and Ally Financial. The latest settlement will allow banks to end a review of 4M loan files that has cost 1.5B so far. [View news story]
    Forging names and flat out fake paperwork? I thought people were breaking rocks for that. But it depends who you are and how widespread it is. America! What a country!
    Dec 31, 2012. 01:46 PM | 1 Like Like |Link to Comment
  • Fiscal cliff negotiations between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell hit a major snag after Republicans demand use of the "chained CPI" method for calculating entitlement benefits - which would result in lower payments for Social Security beneficiaries. Pres. Obama backed the provision previously, but Democrats now object to including it as part of a scaled-down deal. Updated 5:51 p.m.: The Senate won't vote tonight and will reconvene at 11 a.m. tomorrow, Reid says. [View news story]
    Was that a talking point, rhetorical question or do you want an answer?

    First, our president used to support the Republican position as do numerous other experts.

    Second, the 20 year estimate of solvency is, at best, questionable and probably very wrong.

    If you are sincere, why don't you do some research or check Paul Ryan's web site for an explanation?

    A bit:

    "Beginning in 2010, Social Security started paying out more in benefits than it collected in taxes – a trend that will skyrocket as the baby boomers continue to retire. In order to pay full benefits, the government must pay back the money it owes Social Security.

    Those who wish to solve this problem by raising taxes are ignoring the profound economic damage that such a large tax increases would entail. Just lifting the cap on income subject to Social Security taxes, as some have proposed, would, when combined with the Obama administration’s other preferred tax policies, lift the top marginal tax rate to over 50 percent. In reality, lifting the cap on income subject to Social Security will hurt the self employed – like many of the farmers and small business men and women in the First District – hardest as these individuals pay both the employee and employer share of the Social Security tax and further hamper the economic growth these individuals can provide.

    Most economists agree that raising marginal tax rates that high would create a significant drag on economic growth, job creation, productivity and wages. This nation cannot fix its retirement-security system by leaving young families with nothing to save."

    Nobody wants anything cut. See Greece and riots for more info there.
    Dec 31, 2012. 04:44 AM | 3 Likes Like |Link to Comment
  • Just How Much Does Chesapeake Stand To Gain From Rising Gas Prices? [View article]
    I hate to admit it. But, Codetrader, yes, you smart dog, I have heard scary things like that myself. I am no numbers genius, but we better have a cold winter for CHK.

    I'm not going to recite what my analyst, who was bullish on CHK all along, is saying. He never gives up.

    So far, Mr. Bastardi of Penn State, who called for cold, is looking smart but the aggregate numbers don't seem to be pushing up the price of NG -- yet.

    BTW, if some of you are long term, like me, the same Mr. Bastardi has made a longer term prediction on global warming, er, climate change, and said that we are on a cooling trajectory. Actually, he doesn't seem to buy the narrative about AGC at all. To wit: His comment on former Vice President Al Gore was a bit strong. Apparently, Mr. Gore's crowing about the recent "super storm" was "stunningly ignorant or deceptive" in Mr. B's opinion. His firm is Weatherbell Analytics. He is knocked by academics as not being a climatologist himself.

    Of course, Gore made some huge amount of cash selling disaster with poor or average grades in a few simple science courses as his expertise.

    I don't know.
    Dec 31, 2012. 03:26 AM | Likes Like |Link to Comment
  • Fourteen banks are reportedly set to reach a $10B settlement with regulators over abusive foreclosure practices such as incorrect paperwork and excessive charges. The banks include the five that agreed to pay $26B in another deal earlier this year - JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C) and Ally Financial. The latest settlement will allow banks to end a review of 4M loan files that has cost 1.5B so far. [View news story]
    More great news for stockholders as this was going on for decades. Billions in fines and costs from the banks. To make a statement about corporate fraud, and to offer a lesson for the future, I hope some heads roll or have rolled in the bank's REO departments. And if some lawyer was involved or behind any of this, he should be disbarred and working in the fast food industry. I suspect that the elite banking law firms either created or knew all about the fraudulent practices and the bar associations or the state attorneys general should take appropriate action against their top dogs in real estate law.
    Dec 31, 2012. 03:08 AM | 1 Like Like |Link to Comment
  • Why Chesapeake Shares Could Be Poised For A Sharp Rally Into January [View article]
    Russ Fischer..yes CHK has some earmarks of takeover bait.

    The problem is all the bad press and legal problems CHK has been fighting and the fact that the likely buyers who could swing it would probably have huge antitrust issues.

    If you review comments from management, the plan seems to be steady as she goes. They have removed a substantial amount of debt even though this is not a good time to be selling or borrowing if you are in NG. .

    I think they are waiting for prices to spike. Our anticipated terrible and cold winter has yet to arrive.

    Another nice Alpha article attempted to illuminate the income changes for CHK if NG prices rise. The SP upside, based on historic NG prices is considerable.
    Dec 2, 2012. 05:12 PM | Likes Like |Link to Comment
  • Just How Much Does Chesapeake Stand To Gain From Rising Gas Prices? [View article]
    3up3down has a good point on the debt milestone.

    The problem is that some cruel load like that is true of all firms but even more a factor in capital intensive operations and then worse, as he points out, in commodity producers.

    What I am wondering is whether CHK will ever break over the lower $20s in SP. It would probably take $100 oil and $7 or $8 NG.

    I would love to know how my analyst got a $40 share price on $5 NG prices for CHK. Looking backward, CHK was $70 or so with NG at $11, I think. But that was before all the wild stories.

    There is also the EPA with the antifracking crusaders that could have who knows what effect on CHK and the whole industry. The survivors generally do very well in such a situation.

    I did say the survivors.
    Nov 30, 2012. 12:24 PM | 2 Likes Like |Link to Comment
  • Chesapeake Energy (CHK): Q3 EPS of $0.10 in-line. Revenue of $3.0B (-25% Y/Y) beats by $600M. Results exclude noncash after-tax impairment of $2B tied to carrying value of natgas and oil properties. Shares +2.1% AH. (PR[View news story]
    Yes Zebra, good point!

    However, the loss was one time items.

    Compared to where this ship was, this stock should be $30 by now and $40 plus if we had anyone who understood capitalism running the show in Washington.
    Nov 1, 2012. 05:30 PM | Likes Like |Link to Comment
COMMENTS STATS
313 Comments
242 Likes