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.
I have no issue with people who have all manner of strategies. I'm a believer in "do what works for you."
Personally, I've turned into much more of a "buy and hold" investor in the last few years from the standpoint of it's just not very enjoyable …
Having not researched the company much, I guess the question is what was the reason/thesis behind the purchase? Also, for a stock that has a p/e around 10, I'm not getting the short thesis. The stock actually gained slightly in 2008 and the p/e is n…
These are so-so commodity futures CEFs whose discount just kept getting wider and wider until it was something like 20+%.
There was a seekingalpha article about going activist not that long ago on these two funds, although that article said they sh…
If a consumer (Dad) was spending $100 a week in gas and now only spending $50...
where is the extra $50 going? to lottery tickets, up his nose, new shoes for the kids?
I think I know...
Massive increases in health insurance cost, perhaps?
Short Ratio (as of Nov 28, 2014)3: 12.10
Short % of Float (as of Nov 28, 2014)3: 43.10%
When you have nearly half the float short, I wouldn't be surprised by much.
" So, I don't invest to protect against deflation, but rather, to hedge against inflation."
I'd completely agree with this - I feel exactly the same way.
In terms of oil: pondering going back into GBNXF.PK (Gibson Energy), a Canadian diversified oil infrastructure/services co. Unique company (both pipelines and services) and pays a nice dividend. And it's down huge. I could have added to VET in the u…
And it has little if anything to do with Cuba. Either algos looking for anything named Cuba or dopey retail investors who will soon seen it go back to the discount to NAV that it's been trading at.
Thanks for the responses guys. The foot's going "tap tap" as I type.
Haven't posted of late as I have turned into a one-trick pony: Buy What's Cheap, and there's nothing new or exciting about that. Anyway energy's the story around here, although I c…
Crazy out there today.
Oil's big advance did not really hold, did it?
Some things did well. EPD, COP included. I really do think the pipelines (some of the biggest/best) are worth exploring, including EPD, PAA (or PAGP), WMB (or WPZ), ETE (or ETP),…
Apple halting online sales in Russia due to currency fluctuations. Discussions on CNBC this afternoon about people taking their Rubles out of the bank and buying up anything and everything (iPads, furniture, jewelry, etc) in order to buy stuff and g…
I added a little to EPD earlier. I thought strongly about CNQ but didn't - I do think if oil goes lower yet again and CNQ goes to $22-23, I'd load up. I figure today is a good day but this may not be over yet. If I don't get CNQ not the end of the w…
"Here's my concern about the oil industry. Really big producer Russia and significant producers Iran, Venezuela and Iraq can't balance their budgets on low oil prices but they also can't cut back on production because they need cash."
I'm concerned…
DlphcOracl:
You mention CP. I own CNI and CP as two of my top investments and personally, I don't even think about them on a day-to-day basis.
If you asked me to mention stocks that I would feel comfortable holding for a few years, I could offer a…
I wrote a thread with some concerns regarding the fracking theme in June: http://www.mutualfundobserver.com/discuss/discussion/13960/some-concerns-with-the-fracking-theme
I didn't think that the concerns would quite lead to this end result, but I d…
I'm glad you posted this separately as I agree with you on a lot of it. I added to CNI today.
I'll also toss in PAGP as an non k-1 alternative to PAA. In terms of MLPs, I own EPD and ETE, both of which offer discounts on reinvested divs. I also own…
It seems to me the big question is whether this is just about commodities -- a mix of oversupply, weak demand, and markets overshooting -- or whether this commodities downturn is a leading indicator that the world economy is tipping back into reces…
Maybe Scott could elaborate a bit?
"Why" is not an option. I come here for answers! :)
There may be some aspect of oversupply, but when you have the drop that we have had, it is a little surprising that we can drop something like 40% in 6 months b…
"The question that I have, however, is why."
@Scott: See my doctoral dissertation, above, for a lot of "whys".
I think that's part of it, but I think there's a lot going on and a lot of layers, none of them real good (for anyone.) Supply may be one…
Oil briefly trading with a 5 as the first number a little while ago. At this rate, $50-55 may not be out of the question. The question that I have, however, is why.
Individual issues, or an ETF?
The only US oil major that I own is COP and that's really the one I was interested in as a long-term holding. I also own a smaller position in VET. I added to COP at about this level in October and don't plan to add aga…
This doesn't seem like a high-conviction sell-off. Visa up, Apple up, a lot of things that would just continue to be dumped are being bought up.
I haven't noticed a disorderly rise in Cocoa this year, but maybe Amazon sellers raising prices into pr…
Hi Catch,
One might be tempted to concentrate a portfolio in one of the few advancing sectors, but maybe, just maybe, this might be a sign to exercise extreme caution, as the broad market is losing momentum. In our portfolio, we are seeking partia…
Ken Fisher is a successful investor who is - I think - is likely at least partially as successful as he is because he markets himself and his investment services to a degree that's ridiculous and off-putting. His online ads are incredibly annoying. …
In terms of US funds, I like Whitebox, Marketfield, Wintergreen (although I don't always agree, I think his recent battle with Coke was kind of absurd) and Seafarer for solid letters. Tekla's outstanding investor day presentation from earlier this …
