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Tenneco Inc. Message Board

PMDonovan1 13 posts  |  Last Activity: Dec 20, 2014 12:13 PM Member since: Jun 8, 2000
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  • Reply to

    Short sell

    by steven321jones Dec 17, 2014 8:13 PM
    pmdonovan1 pmdonovan1 Dec 20, 2014 12:13 PM Flag

    You would have to buy the units back before the last trade date (4/6/15) so that you could close out your trade. Might be expensive if there are a lot of shorts trying to cover. This could be the ultimate short squeeze. Fun to watch.

  • Reply to

    Here is the math

    by ottlots Nov 24, 2014 11:09 AM
    pmdonovan1 pmdonovan1 Dec 20, 2014 12:10 PM Flag

    April 6, 2015 i when the units stop trading on the NYSE. Then unit holders will divy up the cash left in the trust as of that date less expenses of unwinding. See most recent 10-Q for language & date.

  • Reply to

    Volume

    by mstrouse54 Dec 18, 2014 4:03 PM
    pmdonovan1 pmdonovan1 Dec 20, 2014 12:01 PM Flag

    Agree with foggiecat, no connection between them (other than iron ore business). They are unrelated entities & thus no 30 day rules.

    Sentiment: Hold

  • Reply to

    Volume

    by mstrouse54 Dec 18, 2014 4:03 PM
    pmdonovan1 pmdonovan1 Dec 19, 2014 4:29 PM Flag

    What early information? Gutowskido & others provide the only reliable early info I know of: the number of tons shipped each month.

    Sentiment: Hold

  • Reply to

    IRA accounts

    by stalyon52 Nov 23, 2014 9:45 AM
    pmdonovan1 pmdonovan1 Dec 4, 2014 2:22 PM Flag

    I do own a MLP in that IRA. The limit on NBTI was $1,000 when I last looked. However, much of the distribution from a MLP is based on cash flow, not earnings. As a result, despite getting 10%+ annual returns on a $10,000 investment over the last 10 years, I have never come close to hitting the $1,000 limit.
    PS: My investment hero is Warren Buffet with a little bit of Andrew Carnegie. To paraphrase Mr. Carnegie, it's OK to put all you eggs in one basket as long as you watch the hell out of that basket.

  • Reply to

    Cliffs Coal Divestiture

    by mexcom Dec 3, 2014 8:13 AM
    pmdonovan1 pmdonovan1 Dec 4, 2014 1:23 PM Flag

    I agree with your comments on consumer reactions to the current economic environment. People often focus on the world price of iron ore - forgetting that MSB ore is located in the middle of the US. Different economics apply when different delivery distances need to be taken into account.

  • pmdonovan1 by pmdonovan1 Dec 4, 2014 1:20 PM Flag

    I own more than a few equity, royalty, & MLP positions. I drop in all the boards once in a while. This is the only message board that has information and opinions exchanged on a clear headed basis. Thank you to all participants for this bit of sanity in an insane world.

    PS: I have been reading, and occasionally posting on, this board for 15+ years. If there were awards for the best board, MSB's should win by a land slide.

    Sentiment: Hold

  • Reply to

    IRA accounts

    by stalyon52 Nov 23, 2014 9:45 AM
    pmdonovan1 pmdonovan1 Nov 26, 2014 11:21 PM Flag

    NBTI does not apply to royalty trusts. NBTI does apply to MLPs.

  • Reply to

    IRA accounts

    by stalyon52 Nov 23, 2014 9:45 AM
    pmdonovan1 pmdonovan1 Nov 25, 2014 10:59 AM Flag

    I own my MSB position in my individual IRA. There are no tax penalties, just that I am not allowed the benefits (depletion, etc.) of directly owning a mineral based royalty.

    On the other hand, over the past 20+ years I have had the use of the generous cash payouts to build up a more diversified portfolio than I would otherwise have been able to.

    If you look at many of the prior posts on this message board, income tax reporting for the royalty trust, there are many headaches in trying to get the income tax treatment correct for a directly held position. I've considered the opposite approach: buying units directly, out side the IRA. However, after going back over all the tax posts, I realize there is a quid pro quo: I give up the tax advantages for an increase in my free time. :)

    Sentiment: Hold

  • Reply to

    Winter has come to Babbitt

    by foggiecat Nov 9, 2014 11:24 AM
    pmdonovan1 pmdonovan1 Nov 12, 2014 1:29 PM Flag

    Babbitt is a small community of 1600 residents located at the eastern end of the legendary Mesabi Iron Mining Range near Birch Lake in Northeast Minnesota. Only two portages from the BWCA, its location offers a unique combination of access to outdoor activities and cultural and business opportunities.

  • pmdonovan1 pmdonovan1 Nov 7, 2014 4:06 PM Flag

    My understanding is that the energy saved by using scrap may be outweighed by the impurities in scrap.

  • I could not find the post where someone had predicted an $18 per unit price. I would like to say congrats to that person, mainly because I was a cynic at the times.

    Well done.

    Sentiment: Hold

  • Reply to

    Contest Summary

    by oilly2bed Oct 1, 2014 4:57 PM
    pmdonovan1 pmdonovan1 Oct 2, 2014 6:00 PM Flag

    This MSB board is awesome. Thank you to all the participants; it was very instructive reading all the related posts.

    Sentiment: Hold

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