22thoroughbred

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61 Comments

    • Tue Dec 2nd 16:15 PM
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      A Dividend Primer, You Don't Get Something for Nothing
      I have NEVER been a fan of dividends, why give me back my own money and make it a taxable event (in a taxable acct. of course) I buy 1000 shares of company A at $10 (spending $10,000) they pay a $1 per share dividend and thus reduce the stock price by $1, so now I still have $10,000 worth of assets, but it is $9,000 stock $1,000 in dividend = $10,000 and I have to pay tax on the $1,000 dividend. Too many novice investors don't realize the stock is reduced by the amount of the div. and that's with penny pricing now, it used to be if a co. paid an 8 cent div. the stock was reduced by 1/8th or 12.5 cents, so you would lose money. It was rounded UP to the nearest 1/8th and reduced, so in a year in that scenerio you receive back 32 cents ( 8 cents x 4 divs.) and the stock was reduced by 50 cents (12.5 cents x 4 divs.) No Thanks...
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    • Sun Nov 23rd 19:58 PM
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      Rating: +1 -1
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      Citigroup: The End Draws Near
      I had worked in the financial services industry for 20 years, the premise that if a bank buys a broker than the bank clients can be "cross sold" investments was just wrong, and if we buy an insurance co. than we can "cross sell" the clients insurance, NOT. The only people who are cross sold are the least knowledgable of the clients and they usually have the least assets, it does not work. When was the last time your broker sold you a CD or your insurance guy sold you a mutual fund, etc etc, in theory, yes in practice, just doesn't work. Citi was the biggest, but BAC, Fleet, Mellon, etc never worked.
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    • Mon Nov 17th 23:44 PM
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      Rating: +11 -1
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      General Electric: Genuine Risk of Collapse?
      As a shareholder of GE your article seems well written and cogent, obviously there are very many assumptions that won't be proven correct until they are, or not, that's the main issue I have with the article. I would prefer to read documented facts rather than "if's this happens or this happens." Time will show you either well ahead of the crowd or plain wrong, a large gap in between with no net. As a shareholder I hope your wrong, as a very large holder od SPY and DIA puts I would like to see you correct, a follow-up article in 60-90 days with supporting facts would go a long way though.
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    • Sun Nov 16th 17:13 PM
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      Rating: +3 0
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      It's 'pretty clear' a proposal to lend automakers $25B from the Treasury's $700B fund will fail, Republican Sen. Jon Kyl says. He accuses Democrats of trying to score points by pushing the bill now when it has no chance of passage. (previously)
      I am so tired of hearing people say if the automakers fail there will be over 1 million unemployed, that's just stupid. First chapter 11 doesn't close their doors, they continue making cars nobody buys but they get to re-negotiate their debts, eliminate some factories, yes, layoff some employees and re-do some contracts. They could also sell some factories, plants and equipment to other companies that need it and stop being a large HMO for union employees. OH that's it, the unions are against it, now I understand. Chapter 11 is best for everyone except the union, so it should be allowed to happen.
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    • Tue Nov 11th 22:34 PM
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      Rating: +1 0
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      The Winners Will Be Those Who Look to Gold and Commodities
      To Dan Lewis James, I was having this conversation with someone today (11/11) and I think the inflation being caused by printing money today will hit the economy and thus interest rates in 4-5 years, so late 2012/2013. Right now with commodities dropping so quickly this is deflationary and will counteract the inflation issues for awhile, but once oil, nat. gas, copper, steel, etc. find their more appropriate levels the problems of the printing press will hit, and hard. I have been doing this since the mid 1980's so I've seen inflation come and go, I saw Treasury bonds still in circulation with 17-18% coupons (30 year bonds) and I think we will see 10-12% 10 year treasuries being issued. I saw those traesuries trading in the secondary market with prices over $2000 (double par) and higher. But to answer your specific question again 4-5 years.
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    • Mon Nov 10th 04:41 AM
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      Rating: +2 0
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      Ten Highest Yielding Quarterly Dividend Stocks
      You will get slammed for not giving more info on each stock listed, but that's because those that do want someone else to do all the work for them, this is an excellent list to START using as a shopping list if after more research the fundimentals work and the dividend is very safe, thanks for the ideas
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    • Fri Oct 31st 22:44 PM
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      Rating: 0 0
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      Chesapeake Energy Unlikely To Remain this Cheap
      I own the common, but have accumulated a nice size position in the pfd. class "E" (CHKpE) it pays a $15.64 annual dividend, or just a touch under 9% at $175.00, and is convertible. The pfd. traded as high as $535 in the last 12 months. When nat gas comes back there is a good chance the pfd. doubles to $350 within 12-18 months and there is a nice payout while you wait.
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    • Wed Oct 8th 16:45 PM
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      Rating: 0 0
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      What Will Happen to Closed End Funds?
      I would think CEF's holding commercial paper would come back the fastest followed by ones that hold Agency Paper, any cogent thoughts?
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    • Thu Oct 2nd 16:23 PM
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      Rating: 0 0
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      Feeling Brave? Try Foster Wheeler
      Infrastructure stocks are not trading on fundamentals or prospects, they are being sold like the agri-business stocks, hedge fund liquidations, when they NEED to sell price, PE, backlog doesn't matter, nobody of size will buy into that selling, but when the selling is done, really big snap back. That's why the time to buy is when it just plain hurts. Buy 1/3rd posn now, 1/3rd posn down another 3-4 and the last 1/3rd down 3-4 from there, and wait till it hits $50 again in 12 months, that's how to make money.
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    • Sun Sep 28th 20:07 PM
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      Did the FDIC Sabotage WaMu's Management and Erode Investor Confidence?
      Even if the FDIC waited for the bailout bill it would have ZERO effect on WM stock or shareholders, they would still get ZERO, so what's the basis of the statement, it is not even relevant
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    • Sun Sep 28th 16:54 PM
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      Did the FDIC Sabotage WaMu's Management and Erode Investor Confidence?
      the FDIC was going to seize WN on Friday agternoon, that had been decided, a bank is NEVER told in advance to avoid a leak and assets running out the door, when it was leaked that this was decided (was leaked on Thursday) they came consumated the deal with JPM, obviously JPM knew about the situation and was given the info with the prospect of taking over WM on the week-end, yes this is all normal, minus the leak. There were also 3 other banks with the same access but they lacked the ability to make the decision immediately, Jamie Dimond made the call and got the bank. This is common, and seems to be the situation with WB this week, I know 2 banks (there are probably more) that have the same access with WB that was given with WM, and a decision is imminent, this will be a weekly occcurance going forward and will effect about 35-50 banks by November, and a necessary one, these banks need to be out of system.
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    • Thu Sep 25th 01:47 AM
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      You Can't Handle The Truth
      I agree with Michael and have said almost the same things for weeks, I do have some cash just in case, what is interesting is those that say they don't want to hand Bush the money, don't they realize in approx. 35 days he won't be the president anymore and in about 100 days someone else will have the responsibility for the $700b, so it isn't Bush getting the cash, maybe Obama if he wins will donate it to his "church" and Rev Wright...now that's scary
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    • Tue Sep 23rd 22:11 PM
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      Rating: 0 0
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      Washington Mutual: Short Interest Update
      I think at a $2-$3 price the risk/reward isn't there, especially knowing they are being shopped around. That may be the cause in the short posn. not increasing.
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    • Sun Sep 21st 12:54 PM
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      Rating: 0 0
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      We've Crossed the Line from Capitalism to Socialism
      So much foe a lucid reply. The 30 cent figure comes from transactions that have already been done. Also, the banks don't trade with eachother because they all have the 30 cent debt themselves, what help is it trading 30 cent debt for 30 cent debt. Obviously you belong to that "poorer" classand feel like you aren't getting your slice of that pie, sorry your self esteem is so bad and BTW jealousy is an ugly emotion. I well know what a plug is, in my wealthy neck of the woods it's what we do the the poorer halfs mama's that result in morons like you. Say hi to your mama.
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    • Sun Sep 21st 12:25 PM
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      We've Crossed the Line from Capitalism to Socialism
      Bailout seems to be a nice catchy phrase, but does anyone remember when the gov't. bailed out Chrysler they made 10's of billions of dollars, and it's not a bailout for AIG, the gov't bought 79.9% of the co. which BTW increased in value by $15b on Friday, so the gov't will make billions there as well, and if anyone thinks the gov't will lose money buying debt at approx. 30 cents on the dollar and being able to hold it for 3+ years you are just drinking the kool-aid. Making a loan to AIG at LIBOR + 8.5% with 80% of the co. as collateral is not a bailout, especially if the co. has $150b portfolio of good assets but neess time to liquidate, time the market wasn't giving. With Bear Stearns the gov't. didn't write a check, they just said they would take some assets that couldn't be liquidated off the books of JP Morgan which is in essence doing the same as with AIG, the gov't has the staying power to wait, the individual companies do not. Any lucid replies?
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