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Fairway Group Holdings Corp. Message Board

skinz4q 43 posts  |  Last Activity: May 17, 2016 2:12 PM Member since: Dec 25, 2005
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  • skinz4q skinz4q May 17, 2016 2:12 PM Flag

    Really???
    Actually, if MMP were to go back to its old ways, $200+ wouldn't be too far-fetched in 10 years. Especially, if you include the distributions in the total return. A triple in 10 years should be easy.

  • skinz4q skinz4q May 16, 2016 6:03 PM Flag

    Maybe in 10 years, but doubtful.

  • Reply to

    Bought in

    by r_ventura_23 May 2, 2016 11:32 AM
    skinz4q skinz4q May 5, 2016 8:37 AM Flag

    What does that have to do with my nuts? Or, did you mean YOU'RE nuts? There's a big difference, in case you didn't know.

  • skinz4q skinz4q May 4, 2016 6:46 PM Flag

    They rode RIMM up and down several times and apparently never any of the position. At one time, RIMM was the biggest holding (by value). They never saw the handwriting on the wall when the iPhone first came out. The people at Primecap are good, but they're far from perfect. Their stubbornness sometimes gets in the way of rational judgement. I prefer either POAGX (presently closed to new investors) or POGRX, which can be bought and held in a Vanguard brokerage account. Same managers, different portfolios

  • Reply to

    Bought in

    by r_ventura_23 May 2, 2016 11:32 AM
    skinz4q skinz4q May 3, 2016 3:39 PM Flag

    A good strategy is to decide ahead of time how big a position you eventually want to own. Then, you buy 10% on the first dip. Buy another 10% after another dip of 5% from your original purchase. Keep doing that until you've accumulated as much as you set for yourself before the first purchase. Just put in open orders and wait patiently. Map out your plan in advance, and stick to it. Don't be fooled into rushing in on the first rally. You'll probably get another chance if you just wait. Let it come to you; don't chase it. The lower it goes, the more you should buy. Whether you buy 10 units, 100 units, or 1000 units at each level, the strategy will work IF you stick to it religiously. After you've established your full position, don't ever sell it. If you own a piece of a really good company, just hold it forever. Ride the ups and downs, and collect your distributions in the form of more units. Take advantage of the 5% discount on the DRIP. Just sit back and let it grow. If you sell, you're bound to regret it. BTW, I like MMP a lot more than EPD.

  • Reply to

    Bought in

    by r_ventura_23 May 2, 2016 11:32 AM
    skinz4q skinz4q May 2, 2016 2:43 PM Flag

    KMI will do better if oil gets strong. EPD will probably do better if oil declines. KMI is a better "growth" story than EPD, but it also carries a far greater risk. You pays ur money, and you takes ur chances.

  • Reply to

    Volume Spike

    by jlgilkeson Apr 20, 2016 9:56 AM
    skinz4q skinz4q Apr 23, 2016 8:10 PM Flag

    I have over 4300 EPD and 6000 MMP and plan to do the same thing. DIE! My daughter can hardly wait. She's sooooo excited!

  • Reply to

    This feels like the last time it was $11

    by retireonbiotech Mar 9, 2016 11:41 AM
    skinz4q skinz4q Apr 22, 2016 4:44 PM Flag

    Is there anyone who is not aware already well of Rayaldee's imminent approval? The whole world knows everything there is to know about it. Same story with 4Kscore when it was approved by Medicare and the insurance companies. None of this is new news. It's OLD news. It didn't matter then, and it won't matter this time either. It's not bad news; it's not good news. It's all fodder for the hypesters. The longs, whether they know it or not, are all waiting for the same thing; the news that Opko is being acquired at $47.75/share by some bigger fish in the pond. Some of us probably won't live long enough to see that day, but it seems highly likely it's coming. In the meantime, sit back and relax. Open a bottle of wine, and forget about Opko. Let Opko take care of itself. Patience will eventually pay off. I hope.

    Sentiment: Hold

  • Reply to

    Volume Spike

    by jlgilkeson Apr 20, 2016 9:56 AM
    skinz4q skinz4q Apr 22, 2016 1:26 PM Flag

    I could die at any moment, but I'll do so knowing that my daughter will reap the gain tax free. (She told me she's buying me a motorcycle that goes 150 MPH for Father's Day. She's also purposely neglecting to buy me a helmet.)

  • Reply to

    Volume Spike

    by jlgilkeson Apr 20, 2016 9:56 AM
    skinz4q skinz4q Apr 20, 2016 5:56 PM Flag

    Buy it, hold it, die. In that order. Good quality MLPs should be bought with the intention of holding until you die. Your heirs get the stepped up cost basis, so the distributions end up being tax free. To do otherwise, you'll incur a huge tax burden that negates what makes MLPs attractive investments in the first place. This may seem obvious to some, but most people miss this simple rule. As always, talk to your friendly tax advisor to see whether an MLP is right for you.

  • Reply to

    Another Test of $70

    by skinz4q Mar 2, 2016 2:43 PM
    skinz4q skinz4q Apr 20, 2016 3:29 PM Flag

    The struggle to break decisively above $70 continues, but there's no way of knowing how many tries it'll take. I think it's inevitable that MMP will eventually move substantially higher. As long as they continue to increase the distribution, it's well worth the wait. The tax on the gain takes the decision away from me; I have to hold this until I die.

  • Reply to

    EPD Turned the Corner

    by jlgilkeson Apr 19, 2016 9:59 AM
    skinz4q skinz4q Apr 19, 2016 6:26 PM Flag

    Should'a, would'a, could'a..... Hindsight is always perfect.

  • Reply to

    If and When this company gets bought

    by nymoviemogul Apr 19, 2016 8:19 AM
    skinz4q skinz4q Apr 19, 2016 9:56 AM Flag

    You're asking a hypothetical question to a hypothetical question. Opko is still very much a development-stage company with a very murky future. If and when it is acquired by a major pharma, the terms and price will reflect the perception of value at that time. The battery went dead in my crystal ball, so I can't help you. Sorry. However, I might be able to help you pick a winner in the fourth race at Monmouth Park Racetrack on Friday.

  • Reply to

    10-K Announces Dividend Increases

    by ldstephey Mar 28, 2016 4:16 PM
    skinz4q skinz4q Apr 13, 2016 8:31 PM Flag

    If the upcoming distribution is $0.395, then does that mean the following distribution will be $0.40? That would be almost the same as 40¢ per unit. I can't stand all this excitement and suspense.

  • I watch the prices I pay for fuel oil as an indicator of the future direction of MMP, and it has risen from $1.19 in mid-winter to $1.60 today. While I hate paying more for heating oil, I don't mind so much on days like today. In fact, I'd be even happier if it went back to $4 where it was in 2014.

  • skinz4q skinz4q Apr 12, 2016 6:08 PM Flag

    Sadly for me, you're dead wrong. I've cut my (long) position, but I still hold a modest number of shares. Actually, I almost never sell anything short. That's especially true when the overall short interest is as lop-sided as is Opko's. In this case, I feel that the shorts are playing an incredibly dangerous game. I do keep an open sell order in above the market for the purpose of preventing my shares from being loaned, and suggest that all longs do the same. If my order ever goes off (which I highly doubt), I'd happily sell the last of my position.

    Sentiment: Hold

  • skinz4q skinz4q Apr 12, 2016 3:29 PM Flag

    If you missed the run-up and the collapse that followed it, you were among the lucky ones. OPK is right back where the BioRefLabs fiasco started. The lesson of OPK is to not get sucked in by the hype. If OPK ever proves to be a profitable investment, it will take many years of patience. Every catalyst that might light a fire under the stock is already well known and built into the price. It's now obvious that the BRLI acquisition was not the brilliant move that many hoped it would be. 4Kscore seems to be struggling. I seriously doubt that Rayaldee will have any dramatic effect on the stock price. I believe Frost's strategy is to gradually build up the portfolio of potential new products in the pipeline and then sell the whole company to a much larger player for a decent premium. Good luck on seeing that happen in the near future.

    Sentiment: Hold

  • Reply to

    No shorts left.

    by is_that_yo_mama Mar 24, 2016 10:54 AM
    skinz4q skinz4q Apr 7, 2016 7:17 PM Flag

    The only thing discouraging the shorts is the fat yield.

  • Reply to

    I See Blue Skys

    by gonzalezolgaww54532 Apr 4, 2016 9:14 AM
    skinz4q skinz4q Apr 7, 2016 7:12 PM Flag

    What are you smoking?

  • skinz4q skinz4q Mar 30, 2016 3:47 PM Flag

    I wouldn't be surprised to see OPK selling in the $7 range again before it finds support. With so many dashed expectations, it's hard to rationalize the stock moving substantially higher than the lower end of the trading range until something positive erases this huge black eye. The aura of Frost's infallibility has finally been dealt a serious blow. From now on it will be almost impossible for him to regain any credibility without some sort of divine intervention. I'm not holding my breath on that happening anytime soon.

FWM
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