Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Reply to @hank: Thanks for your comments and I agree with what you said and it may continue, especially with USD$ moving higher again against the Euro today. I suppose my only curiosity is how long that is allowed to happen. No one wants a stronger …
I still have MACSX, MSMLX and a bit of DEM, as well as a larger position in conglomerate Jardine Matheson (JMHLY) and a smaller position in Hutchison Whampoa (HUWHY). I'm continuing to consider adding to EM if it continues to underperform.
Reply to @hank: Gold correlation to the markets has been off/on throughout the last few years - there have been a number of examples where gold has been risk-on when the markets were risk off (I believe during much of Greece, for example.) There's b…
KMR = Kinder Morgan Management. An investment in Kinder Morgan Partners w/o the K-1.
EEQ = Enbridge Energy Management. An investment in Enbridge Energy Partners w/o the k-1.
LNCO = Linn Co = Investment in Linn Energy w/o the K-1.
The only issue wit…
Reply to @Charles: Also picked up COP, as well, and very pleased with the announcement after the close last night (find co-owner Anadarko up 3.2% pre-market). Also like the 4.5% yield and dividend focus going forward. I also thought about buying a …
Reply to @Art: I gave JAOSX some time thinking that it could turn things around. Oh well. I do think that I'll start to add to EM (DEM, perhaps?) into the declines.
"DeMark Sees Shanghai Index Resuming Jump: China Overnight"
http://www.bloomberg.c…
Reply to @hank: I'd be curious about Hussman as well, although there is some discussion as to why in the article. I agree on Canadian home prices in another article (I own a bit of a Canadian apartment REIT - at the core, I see rental demand in Cana…
Discussion of New Zealand also possibly planning "Cyprus-like" plan for bailout of big banks.
http://www.scoop.co.nz/stories/PA1303/S00306/national-planning-cyprus-style-solution-for-new-zealand.htm
Reply to @sligo: KMR (Kinder Morgan Management), EEQ (Enbridge Management) and LNCO (Linn Co) are MLP corporations that do not involve the same tax issues as the MLPs they are invested in. I own KMR. Enbridge also has Enbridge Income Fund (EBGUF.P…
Reply to @MJG: "Is that a possibility in the US (or Great Britain or Germany or France)? I suppose some minuet probability always exists, but I would never expect it to happen in either my lifetime or my son’s lifetimes."
It's not something I'm con…
Reply to @BWG: L's hotel expansion is interesting - I'm curious if that eventually becomes more than the fairly minimal part of the business it is now.
As for LUK, I'm waiting to see how the hilariously named new CEO from Jefferies does running it.
Reply to @Hiyield007: The financial that I continue to look at is Fiserv (FISV). Not a "value", but a financial services co that held up reasonably well in 2008. "Fiserv is a leading global provider of financial services technology serving approxima…
Reply to @TSP_Transfer: Yeah, I think it's an interesting story and there's a lot to it (water rights, etc), but I'd like to at least have a website of some sort to look at - there's no web site and little (if any) public information.
Reply to @JoeNoEskimo: "The markets are watching....."
And about to go green. lol, ridiculous. Of course, big headlines telling people to ignore what's happening there: "Why this Cyprus crisis may be off radar in mere days." (Marketwatch)
Wal-Mart can bribe officials and what would have caused trouble a decade or two ago is forgotten within a week or two. A mexican bribery scandal was the best buying opportunity for Wal-Mart in years. There's been a number of other instances of crimi…
Illinois is probably the worst off, but it doesn't seem to get talked about. I'm just waiting for "The Simpsons" to match reality and have a huge tax increase or something similar be called a "temporary refund adjustment."
Reply to @BWG: Gladstone is kinda interesting is that it's a triple net lease situation with the farms, apparently. They aren't the ones doing the farming, they are just entering into sale-leaseback transactions with farms. (although with triple net…
Reply to @BWG: A few minor thoughts
IEP will result in a K-1 at tax time, as it is an MLP. There is also a large spread between bid and ask. The ability to invest with Icahn is compelling, but do keep in mind the K-1 (not a huge deal, but it is mo…
Reply to @Charles: It will be interesting to see how Asia plays out. As for "gulp", tomorrow is either a Big Gulp 7-11 style, or - in this bizarro world - it may be relatively minor. I tend to think that the potential of runs on banks would cause co…
Preferred shares are bought the same as regular shares (they have their own symbol), although *some* may not be highly liquid. Preferred stock is higher up the ladder than common, and has preference in terms of dividends paid (must be paid before co…
Hitler on Cyprus Bailout:
Local Cyprus news:
Will be very interesting to see where the FX markets open shortly, and where the futures open this evening.
The "fun" remark, which I saw the other day - is just bizarre. I don't have anything against the guy - I've never been interested in any of these newsletter writers and have only a few economists who really interest me, but the "fun" remark - WTF?
Was Nakoma, then turned into an odd little l/s fund. Sorry to hear for Vintage that it never turned around, but good you can move on to something else w/it.
It'll send money into physical metals without question and it will send money out of the EU and into foreign countries (which does nothing to help the Eurozone.) There still seems to be some question of whether this will actually go through and hap…
Sorry to hear that you're not going to be around for a while as I've enjoyed your posts quite a bit. Enjoy your time on the course. While you may not be able to write as much or as often, please do occasionally stop by the board to say hi.
Reply to @bee: BPTRX has rarely if ever shorted, despite the ability to do so. However, if you are a Baron fund shareholder you get the option to go to their giant shareholder meeting in NYC, which offers CEO interviews and entertainment. From the f…
I'd really go with the more flexible, what I would call "second generation" of long/short funds, such as Marketfield (MFLDX) or the Robeco fund - funds that are not strict with the long/short definition and can dial up and down the amount of short p…
I agree with Hank says a good deal. I've tried to be much more long-term with a lot of my holdings, almost all of which pay significant dividends (so I'm getting paid in the meantime), but there was one stock yesterday I sold after it became absurdl…
Reply to @BWG: I think there's a concern regarding Blackstone where the insiders continue to do well while shareholders are only now really starting to recover from the company's subpar 2008. I like Blackstone's real assets as well, but feel as if …
Reply to @TSP_Transfer: Thank you for the note and article. Good to read/encouraging, as I own a bit of APA Group (http://www.apa.com.au/about-apa.aspx), a large nat gas/energy infrastructure company in Australia. Maybe something I'll add to over ti…
