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  • Watch Out, Starbucks; Dunkin' Donuts Joins The Dark Side  [View article]
    One has to wonder at a management deciding to improve their product after 6 decades...

    Starbucks has been around since the '70's.

    Could be they never went there & saw the lines, & people paying up for coffee.
    Aug 30, 2014. 06:38 PM | 2 Likes Like |Link to Comment
  • Q&A: Should I Leave Chicago Bridge & Iron Alone?  [View article]
    I read recently that BRK has out performed the S & P 500 for every 5 year rolling period except 1.

    Also we know in hot years for the market BRK underperforms.

    I liked the comment above about the long term being the individual investor's edge.

    News & financial commentary is mainly devoted to the short term. I don't see how people reacting to this sort of thing can make money consistently in the market.
    Aug 28, 2014. 12:53 PM | 3 Likes Like |Link to Comment
  • 25 Dividend Champion Investment Opportunities: Something For Every Retired Investor, Part 1  [View article]
    Yes, afraid so. Owning stocks is like the eternal poker game.

    All you need is a few suckers at the table...
    Aug 22, 2014. 07:37 PM | Likes Like |Link to Comment
  • Kinder Morgan Shareholders Are The Winners Of This Transaction  [View article]
    No worries there, I bought KMR for my Mom.
    Aug 22, 2014. 07:32 PM | Likes Like |Link to Comment
  • Warren Buffett's Q2 Changes  [View article]
    GM's business is improving. The context of the 2000 car Co's was autos in the development / growth stage. I remember the thinking being along the lines of people thinking autos would be a huge boom industry & hence great investments, but the vast majority went out of business. This I believe was in a speech Buffett gave some years ago in Sun Valley. But only google knows for sure.
    GM, one of the few survivors, looks like it'll be around awhile longer.
    Aug 22, 2014. 07:31 PM | Likes Like |Link to Comment
  • Berkshire's Probable Q3 Strategy For Chicago Bridge & Iron  [View article]
    The size of the share accumulation would suggest it is the work of Todd & / Ted rather than Mr Buffett. Doesn't worry me as those two, per the shareholder letter, are beating Buffett's returns.

    But if Berkshire were planning on acquiring more shares couldn't they have exercised the delay in reporting requirements granted them by the SEC?
    Aug 22, 2014. 07:20 PM | 1 Like Like |Link to Comment
  • 25 Dividend Champion Investment Opportunities: Something For Every Retired Investor, Part 1  [View article]
    You hit the nail on the head.

    Flipping through stocks (in Value Line for example) I see a majority I wouldn't want to own, or own now.

    Why I could never be an indexer.
    Aug 22, 2014. 01:07 PM | 7 Likes Like |Link to Comment
  • 25 Dividend Champion Investment Opportunities: Something For Every Retired Investor, Part 1  [View article]
    Thanks Chuck, good perspective.

    These companies are likely to be better investments than cash. We could get clipped by a 10-20% correction any time of course! but I'm having trouble seeing WHEN that'll be...
    Aug 22, 2014. 11:34 AM | Likes Like |Link to Comment
  • 25 Dividend Champion Investment Opportunities: Something For Every Retired Investor, Part 1  [View article]
    Griff,

    It is not true that MLPs are required to pay out 90%, though many do, & some even more.
    This confusion may come from REITs and the rule that to qualify as an MLP 90% of the business has to be in natural resources.
    Aug 22, 2014. 11:27 AM | 6 Likes Like |Link to Comment
  • Kinder Morgan Shareholders Are The Winners Of This Transaction  [View article]
    KMR holders did OK too.
    Aug 21, 2014. 10:59 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan Shareholders Are The Winners Of This Transaction  [View article]
    If I were you I'd call my broker (maybe 2or 3), investor relations at KM, and my mother so she could see how smart I was.
    Aug 21, 2014. 10:55 AM | 6 Likes Like |Link to Comment
  • Kinder Morgan Inc.'s Mega-Deal: Lower Cost Of Capital And Maximum Optionality  [View article]
    Thanks Chancer.

    Actually I was surprised the price stayed up as I would have thought there would be a lot of tax selling of KMP.
    Aug 20, 2014. 10:51 AM | Likes Like |Link to Comment
  • Kinder Morgan Inc.'s Mega-Deal: Lower Cost Of Capital And Maximum Optionality  [View article]
    When I began acquiring KMP in 1999, I didn't know it was an MLP, or even what an MLP was. Gradually it dawned on me that KMR made better sense tax-wise and I began accumulating it. Then when KMI got cheap early this year I bought some & also some long dated $32.50 calls.

    So I sort of stumbled into what turned into a hedged position in KMP, and it all more or less came out in the wash.

    The tax advantaged distributions from KMP over the years helped flesh out my portfolio as well, so overall I'm happy.

    Took some luck though...
    Aug 19, 2014. 11:21 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan Inc.'s Mega-Deal: Lower Cost Of Capital And Maximum Optionality  [View article]
    I see it a little differently.

    The conversion comes with ~ $10/ share in cash, and KMP stock popped ~ $20 / share since the announcement.

    I sold enough KMP, at near $100 / share to raise cash to pay the taxes.
    Aug 19, 2014. 11:09 PM | 2 Likes Like |Link to Comment
  • Berkshire Ups Their Bet On Chicago Bridge & Iron  [View article]
    Kevin,

    Buffett has said $20B is the bottom limit of cash on hand for potential insurance claims.

    The remainder is available for cash/acquisitions. The current balance of $55B suggests he hasn't seen good opportunities of late, as we know he is no fan of cash as an investment, though I have heard him refer to it as being "like oxygen."
    Aug 19, 2014. 03:24 PM | Likes Like |Link to Comment
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