WHX was a trust that terminated with no residual value. With 2 years left to run on this trust it was trading at a 22% yield. That meant an investor buying the stock could hope, at best, to get 44% of his investment back before the trust terminated. Mindless investors. Consider what yield you would need to get on this trust before it reaches the point of no dividend. Do your due diligence and remember that past performance is no indication of future performance.
Trust receives income on first 90k barrels produced by BP in this field. Production is now down to 72k barrels. Not good. A few years ago, BP was producing 300k+ barrels, now its down to 72k. Not much longer for this trust, maybe 5 years.
So their income, in the form of capital gains, was not taxed for Social Security. And you feel they should receive Social Security benefits even though they didn't pay Social Security taxes ??
Problem with that philosophy is the maximum benefit. They cap the benefit at @ $2500/month. Do you really expect someone making $10 million a year, who would be paying $125,000 per month is SS taxes to accept $2500 month at retirement age ???? Get serious. Someone making $30,000 a year pays in $375 per month. HUGE difference from someone making $118,500 per year and paying in $1481 per month. A person should receive out a payment based on what they paid in, and any amount over that would be termed "Welfare".
Absolutely nothing, the bonds you are trying to buy are not owned by Linn, they are trading on open market at best available price.
The Constitution guarantees everyone the freedom to worship as they please. It does not guarantee the right to post their drivel on any message board they come across. Worship as you please, but please, keep it to yourself. Remember, the enemy of the church is education and prosperity. The church prospers where the population is ignorant and poor.
If you want ot see volatility, check out their preferreds. Up or down $2 or $3 a day. Mostly down. No float, trades just a couple of hundred shares a day.
And the insurance company will give this nut $50k just to go away. The lawyer will take 1/3 and the doctor will raise his rates to cover his higher insurance premiums. Insurance is not the solution, its the problem. No accountability. If some faceless clerk is going to decide my medical care, I would just as soon have a gov't clerk rather than an insurance company clerk.
I worked in Healthcare for 30 years, I could tell you stories of bloat and incompetence that you would not believe. And it continues because Healthcare never goes through recessions to streamline operations and their bloat is subsidized by insurance. The current system is not working and it will collapse from its own weight. Healthcare in not a commercial enterprise, its an entitlement. Accept it and get over it and lets manage it as such. Leave the political rhetoric at the door.
Nobody knows where oil will be in 12=24 months. My best guess is because of the overhang of excess capacity, the price is not going anywhere fast. Its range bound in the $45-$60 range, maybe for another decade. This is 1986 all over again.
That's too simplistic. One of the biggest problems with healthcare is the fact that the free market does not control it. Excess capacity is subsidized by insurance carriers and the consumer pays the bill. Doctors complain of paperwork but make obscene amounts of money. A 3 day stay in a hospital can cost $50,000 and the level of care sucks. It used to be when you had a head ache, the doctor would say, "take two aspirin and call me tomorrow". Now the doctor orders a series of tests, cat scans, MRI's, blood work, and throws in an X-Ray just "because he can". Final bill, $9,000, and then the doctor says "take two aspirin and call me tomorrow". I'm talking about the runaway ambulance chasing lawyers that add no value but layer additional costs onto the already bloated healthcare system forcing doctors to "cover their #$%$. Its time to blow up the whole system and start over. Canada's model works and is cheaper.
Funny how gov't sponsored medical care is considered socialist when in fact free market medical care does not compete in the free market nor does it represent free enterprise. Medical care is heavily subsidized by tax laws and frequently represents a monopoly in the community. Of the 14 largest industrialized countries in the world, only the US does not have a "socialist" healthcare system. We have something much worse. We have a protected, subsidized healthcare system with no controls and no oversight which translates into "out of control costs". These healthcare system managers maximize profits and the consumer has no recourse. When your healthcare insurer, the one that has a bloated mgt team and has never had a layoff in its history, raises your rates 20%, you can begin to understand what I'm saying. The free market can't control healthcare costs because healthcare is not a free market enterprise. The only recourse is Gov't control.
Russia wants a warm water, deep water port on the Med. Syria has a warm water, deep water port on the Med. Its not rocket science.
Why do you keep posting the same thing every week ? Do you really think that posting on this POS message board is going to move the stock price ? I think you are short MT and just massaging your ego with posts that constitute wishful thinking. MT is not in trouble and there is no issue with debt covenants. The steel market goes up and down with world economies and we're in the down part of the cycle. In two years the cycle will be moving in the other direction and MT will be a star performer due to the cost cutting and systemic efficiencies they have implemented during this down cycle. And you should know that rating agencies are a trailing indicator of performance, not a leading indicator.