Econovan

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  • The Stock Market Decline Is Entering Its Puke Phase  [View article]
    in 2000, after the bungled election, after waiting for a 20% correction, I went 100% stock. Then lost another 60% over the next two years. Lesson learned.
    Feb 8, 2016. 11:41 AM | Likes Like |Link to Comment
  • Why Ford Is More Than Just A Great Income Stock  [View article]
    I have been watching auto stocks for over 30 years, they always have P/E in the range of 5-7 so I wouldn't expect that to change and consider the S&P P/E to be irrelevant for comparison.
    Jan 30, 2016. 09:34 PM | Likes Like |Link to Comment
  • 3 Things: Fed Error, Houston R/E, No Bounce?  [View article]
    One other factor driving commercial and multi-family RE boom - unending ultra-low interest rates. This motivated people to chase yield into booming real estate developments. Last time I saw this kind of RE boom was driven mostly by phony tax incentives. Bogus federal policies always exacerbate the problem.
    Jan 29, 2016. 03:18 PM | 1 Like Like |Link to Comment
  • January 2016's Top 20 CCC Stocks, Including Some Filtering To Reflect Seeking Alpha Readers' Needs  [View article]
    I bought more WRK today below 33. I'm curious how so many insiders were "disposing" WRK on 1/25 (according to SEC form 4 filings). Wouldn't that be during a "blackout period" prior to reporting earnings? I understand it is "code F" which is withholding of stock for options exercise, but my experience is insiders can't buy or sell before earnings reports?
    Jan 27, 2016. 12:30 PM | Likes Like |Link to Comment
  • January 2016's Top 20 CCC Stocks, Including Some Filtering To Reflect Seeking Alpha Readers' Needs  [View article]
    Thanks for the information on WRK, it's pretty hard to hold these days!
    Jan 25, 2016. 11:02 AM | Likes Like |Link to Comment
  • Oil Prices, Rig Count And The Economic Impact  [View article]
    If experience is any guide, oil will stay low till you see tumbleweeds rolling through the fracktown streets.
    Jan 19, 2016. 12:46 PM | Likes Like |Link to Comment
  • Schlumberger - A Great Company, Not A Great Price  [View article]
    Good article - thanks! As long as I can remember SLB seemed too expensive, except when the financial system was collapsing. I guess there might be another opportunity to buy SLB before the oil business recovers.
    Dec 5, 2015. 11:07 AM | Likes Like |Link to Comment
  • Is Kinder Morgan Really Heading Towards Junk Bond Territory?  [View article]
    Enron looked cheap till it got cheaper. Ken Lay looked like a hero till he looked like a crook. Large debts can bring down the mighty. Tax loss selling and now a likely dividend cut or elimination brought out the bears in a pack yesterday. Can KMI survive the onslaught? Obviously they're not going to raise any more capital via equity for a very long time, and their debt options are just about gone. Like Enron I suppose their employees will be hurt first, but I really do hope for the best for them. Risky business, too risky for me!
    Dec 5, 2015. 10:47 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: What To Do After Yesterday's Shell Shock  [View article]
    Thanks Hawkeye, those articles are extremely informative and well articulated.
    Oct 23, 2015. 04:19 PM | Likes Like |Link to Comment
  • Kinder Morgan: What To Do After Yesterday's Shell Shock  [View article]
    I'm sort-of amazed that Russia doesn't come into play in these discussions. The day Russia started bombing in Syria is the day the petroleum market turned abruptly upward. I don't think this was just knee-jerk, run-for-the-hills reaction; Russia has changed the calculus of Middle East politics and the OPEC equation entirely. The Russia-Iran alliance and its potential impact on the balance of power, particularly vis-a-vis Saudi dependence on an unreliable America with no defense budget as of yesterday's veto - these are things with long-lasting implications for who controls the world's energy supply. American energy business looks increasingly important to our own autonomy. If I were in Europe or Japan on the other hand I would be incredibly nervous.
    Oct 23, 2015. 12:30 PM | 5 Likes Like |Link to Comment
  • Exxon Mobil In The Supply Glut - What To Buy When The Buying Gets Good  [View article]
    The only dead cats I see are the ones hanging around Syrian rebel camps. The Russians have changed the dynamics of the oil market, possibly permanently. At least that's what the market seems to be saying right now. Of course, I'm old enough to remember the Soviet empire and its influence in that part of the world. This is most certainly not a good thing for civilization.
    Oct 8, 2015. 08:08 PM | 1 Like Like |Link to Comment
  • Time To Consider Exxon Mobil  [View article]
    I think Russia/Iran/Iraq alliance could take the entire Middle East and thus change OPEC policy very quickly. Who would stop them? That might backfire during occupation, but I don't think Putin has the humility to recognize that in advance, or maybe he has a deal with the Ayatollah to enable the radicals in exchange for oil hegemony.
    Oct 7, 2015. 02:53 PM | Likes Like |Link to Comment
  • The Obvious Case For Buying Apple  [View article]
    I like that - a phone is an app. Never really thought that way before. Apple has been a platform king for a very long time, but before iPhone it was confined to schools and publishers mostly.
    Oct 1, 2015. 08:20 PM | Likes Like |Link to Comment
  • Is This The Right Time To Consider Freeport-McMoRan?  [View article]
    There remains a big upside when Icahn gets enough shares to replace current management. Until then I would expect lots of volatility. I don't think I have the stomach for it personally, but I know I'm probably missing a big opportunity.
    Sep 21, 2015. 04:52 PM | Likes Like |Link to Comment
  • AIG - Recent Selloff Is Great  [View article]
    I guess that comes from lots of advertising dollars and Snoopy :) Thanks.
    Sep 21, 2015. 04:39 PM | 1 Like Like |Link to Comment
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