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Caterpillar Inc. Message Board

richoncat 99 posts  |  Last Activity: Apr 23, 2015 5:05 PM Member since: Nov 24, 2006
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  • Reply to

    Hang em' high

    by artsbest Feb 18, 2015 9:22 AM
    richoncat richoncat Mar 3, 2015 1:48 PM Flag

    Just peachy thanks. Paying almost a 3.5% dividend. I can be plenty patient at 3.5%.

    Sentiment: Hold

  • Reply to

    New Headquarters Building

    by richoncat Feb 21, 2015 7:25 PM
    richoncat richoncat Mar 2, 2015 7:50 PM Flag

    So why is it silly? What is it about CAT that requires a 3200 employee General Office to manage? The fact of the matter is, CAT has always been centrally managed from Peoria. That's the mother ship. Why? Do you have any idea how much bureaucracy it takes to run a multinational that way? Read Buffett's latest Letter to Shareholders. He lays out exactly the reasons BRK has been so successful. He let's his managers run their businesses with little or not interference from HQ. Why does the seventh floor of GO have to be involved? Only those whose jobs depend on the bureaucracy will argue that's it's a better design.

    Sentiment: Hold

  • Reply to

    Question re: Col 7 for EPHolder and Richoncat

    by djay20854 Mar 2, 2015 4:30 PM
    richoncat richoncat Mar 2, 2015 7:12 PM Flag

    I've changed my mind about column (7). Most should leave it blank. But your cumulative K-1 Line 1, Ordinary Business (Losses) will go on Schedule E Line 28 as UPHOLDER suggests. Don't ignore that. If you've held a lot KMP for several years it will be a lot of $$$. It goes on Schedule E as a negative number and then transfers to 1040 Line 17 as a negative as well. It's a direct offset to ordinary income. Sweet.

    Sentiment: Hold

  • Reply to

    Sales Worksheet

    by billandpat Feb 28, 2015 7:09 PM
    richoncat richoncat Mar 2, 2015 10:07 AM Flag

    TurboTax Premier handles this transaction perfectly. Exactly as EPHOLDER describes. I've done it already.

    Sentiment: Hold

  • Reply to

    Limit buy CAT

    by ownever Mar 1, 2015 4:59 PM
    richoncat richoncat Mar 1, 2015 6:54 PM Flag

    That's only $0.90 below Friday's close. Of course $82 is attainable. If the market sells off a little you may be able to get it closer to $80. But if you're planning to hold through the next major run up (whenever that may be) I wouldn't worry about a couple bucks. Scale in slowly and pick some up with every downturn.

    Sentiment: Hold

  • Reply to

    New Headquarters Building

    by richoncat Feb 21, 2015 7:25 PM
    richoncat richoncat Feb 28, 2015 12:25 PM Flag

    I owe this board an apology. I previously asked how it was Warren Buffett needed only 24 people in his Omaha HQ to run his 330k employee organization. He actually has 25 people there now. It must be really cramped. Perhaps they need to build a mega-campus to house that extra person. I'm sorry that I made a mistake on such an important fact.

    Sentiment: Hold

  • Reply to

    Tax Question on KMP prior to merger

    by baxter12co Feb 17, 2015 11:21 PM
    richoncat richoncat Feb 27, 2015 4:47 PM Flag

    There is something called a UBIT that might be involved with MLPs in IRAs. I have no idea what that is or how it kicks in. You need to read up on it. Otherwise there are no issues. That's the beauty of IRAs.

    Sentiment: Hold

  • Reply to

    Tax Question on KMP prior to merger

    by baxter12co Feb 17, 2015 11:21 PM
    richoncat richoncat Feb 27, 2015 4:46 PM Flag

    Shouldn't have to pay anything from within an IRA.

    Sentiment: Hold

  • Reply to

    So Where is the Boogie Man Now

    by richoncat Feb 26, 2015 8:50 AM
    richoncat richoncat Feb 26, 2015 9:11 PM Flag

    It's always been the truth. Said what I thought and have admitted repeatedly that my timing might be off. 3 years, 5 years, 10 years, it doesn't matter. Buy stock in good companies with a long term vision and you'll do just fine. Be diversified so you have exposure to multiple sectors and you'll do just fine. You're a pyscho and you need to find a real job doing something useful. Sitting on a message board spitting your venom and bashing people that have invested well and become wealthy is no life. By for now. Stay on your meds you'll feel better.

    Sentiment: Hold

  • Reply to

    So Where is the Boogie Man Now

    by richoncat Feb 26, 2015 8:50 AM
    richoncat richoncat Feb 26, 2015 7:53 PM Flag

    I'm not bullish on CAT. Have had a hold sentiment for well over a year. Exercised half at $108, the balance at $84. Averaged $96. I'll take it. Your continuous focus on me and my finances are bordering on psychotic. I made a call expecting a more normal recover. I was over optimistic about CAT's benefits from it, so suit me. Get over it. I'm benefiting from a well diversified portfolio. CAT's not participating at the moment, no problem, AAPL, BRK, AEP, T, KMI, PM and all my mutual funds are doing just fine. You know you really need to get a life. OK I'm done baiting you for now. Time to move on. Adios.

    Sentiment: Hold

  • Reply to

    So Where is the Boogie Man Now

    by richoncat Feb 26, 2015 8:50 AM
    richoncat richoncat Feb 26, 2015 7:04 PM Flag

    How about just spitting out the hook. You already took the bait.

    Sentiment: Hold

  • Reply to

    ONE OF THE BIG OIL COMPANIES......

    by dibm Feb 26, 2015 2:52 PM
    richoncat richoncat Feb 26, 2015 3:56 PM Flag

    Rich Kinder has absolutely no interest in owning or running an oil company with exposure to the underlying price of the commodity. Why should he sells cars when he owns the toll roads they drive on? He says just that today in his annual letter to shareholders. Now if somebody offered him an outrageous price for his company he'd have the fiduciary responsibility to consider it. But I think it would have to be ginormous.

    Sentiment: Hold

  • richoncat richoncat Feb 26, 2015 3:02 PM Flag

    In the Other Tax Situations section of Wages and Income. The Top entry is AMT. If you don't owe any AMT I'm not sure you'll get to the right page. If it does open, just continue on until you find the Adjust Investment Income section. I put the total from Column (11) in the "Net Gain from Disposing of Investment Property". sfbusfbu thinks it goes somewhere else. I picked the one that sounds the most like selling KMP.

    Sentiment: Hold

  • Reply to

    cat

    by carpet310 Feb 26, 2015 12:27 PM
    richoncat richoncat Feb 26, 2015 2:33 PM Flag

    Pretty simple. CAT is heavy leveraged to the Oil and Gas, and Mining sectors. Have you been paying attention to their prospects recently. CAT has said revenues for '15 will be flat to -5%. Recent sales to user data would suggest it could be down 10%+ if the second half doesn't improve. So basically you've got a $50B company with flat to down growth prospects for the next 12 -18 months. That doesn't generate a lot of excitement on Wall St. If you're a long term investor, maybe start to accumulate a little here. But be prepared to be patient. Scale in slowly.

    Sentiment: Hold

  • Reply to

    So Where is the Boogie Man Now

    by richoncat Feb 26, 2015 8:50 AM
    richoncat richoncat Feb 26, 2015 2:28 PM Flag

    Yeah the optimism bait brings them out every time. I think I'll take 'em off IGNORE just to see what kind of garbage they'll post. Some folks just hate good market news. When you live in the 'hood I guess it's no surprise that you don't see the rising tide lifting the leaky boats. Got nothing to offer? Don't expect prosperity. But I'm looking forward to Toothy identifying the next Boogie Man. It's got to be out there and I guess it's not inflation or Fed policy. But it's got to be something. If we wait long enough the next recession will come along and he'll be able to claim that he called it. No doubt it's going to happen, not if but when. And he'll be all over it when it does. Now don't worry the fact that he's pretty much called a return to depression since Dow 8000 or so. He'll suggest we can just ignore the past 10,000 points. That's not real money. That's purely phantom money generated by the inflation presses and the FED. Well I'll take my share of it to the bank regardless of where it came from. Thank you very much.

    Sentiment: Hold

  • Not so long ago, inflation was going to kill the economy. Then it was QE^n and the Central bankers were the problem. Once they stopped buying, doom was going to set in. Well here we are, inflation is so far below expectations, low rates are here to stay for the foreseeable future. Food, utilities, gasoline costs all down. The Fed's tapering is tapered out. They've pretty much exited the market and we continue to set new record highs. Q1 results beating expectations. So who or what is the new bad guy? Could it be that Fed policy has worked? It looks to me like the US is now in position to lead the world economy as it historically has. But the pessimists among us know that can't be. It's all going to collapse again, they just don't know when or why.

    Sentiment: Hold

  • richoncat richoncat Feb 26, 2015 4:02 AM Flag

    I put the total AMT adjustment amount from the Sales Worksheet on the interview line "Net Gain from Disposing of Investment Property."

    Sentiment: Hold

  • richoncat richoncat Feb 25, 2015 9:12 PM Flag

    In the AMT section of TurboTax there is a page that asks if you need to make AMT adjustments. The data provided on the K-1 Sales Worksheet goes there.

    Sentiment: Hold

  • richoncat richoncat Feb 25, 2015 4:23 PM Flag

    His handle says it all. Hate filled straight shooter. I'm thinking I wouldn't want this guy on my team.

    Sentiment: Hold

  • Reply to

    Inherited KMP shares and Passive Losses

    by nancysueh Feb 25, 2015 12:24 PM
    richoncat richoncat Feb 25, 2015 2:32 PM Flag

    Well over my head. I recommend you get some professional advice.

    Sentiment: Hold

CAT
85.33+0.73(+0.86%)Apr 27 4:00 PMEDT