k-bon...I did not mean for the posted message to be an ethanol discussion...however, (again) our refineries 'do not have enough capacity' to meet our fuel requirements and we would not have enough fuel available for our needs without ethanol (and there is no longer a subsidy on it and when there was, it was taxed back at the pump)...! Again, I think that the oil industry has suffered enough...! Stagg...!
chad...no not tapping out yet on FRO...I am fully invested and taking the ride for the long haul...the markets are over reacting to a possible tax on a barrel of oil (which could increase bunker costs for shipping, among other things)...the sky is not falling and we have all seen this movie before, as it don't take much to move the markets up or down...
LINE is down 58% today and a lot of other stocks are doing very poorly...I remember when investors said that LINE would always make a profit because of their hedges (boy were they all wrong)...! This will all change, at some point in time, and those who keep reinvesting will profit from it...plus, I didn't get to where I am today by tapping out...why would I start now (???)...! Stagg...!
Board members...first, I am against any more taxes on oil...that said, ethanol tends to follow the price of oil up and down and a $10 a barrel tax on oil 'would be a boom' for ethanol producers...if our government needs more revenue it would make more sense to tax profits held off-shore by U.S. companies because:
a) those U.S. companies took tax write-offs to move those operations and jobs off-shore...
b) it would be unfair to have a tax holiday for companies that have moved jobs our of the country, when other U.S. companies that have not moved jobs or operation continue to pay their fair share...
c) to have a tax holiday for off-shore profits would 'only encourage' more companies to also move their operation out of the country...
I suggest, that our government 'force the payment of taxes' on at least 1.5 trillion dollars that are being held in off-shore accounts by U.S. corporations and give the U.S. oil companies and consumers a needed break...! Stagg...!
mark...again, I disagree...a lot people are still buying new vehicles, my sons firm is hiring more engineers as their business is growing and things are usually slow at this time of the year...plus, a lot of people are saving money on cheaper fuel prices...
Not to be disrespectful, but you need to stop investing, if you feel everything is always crashing, just put your funds into a bank account and keep working for a living...! You may sleep better at night...! Stagg...!
mark...some of my big winners were your major losers..i.e. EVEP, LINE and etc., (of course you are careful not to mention some others, lol)...do you favor EQM more than GSL, CPLP, NRZ, and NYMT (???) and if you do please state the reasons...! Stagg...!
Board members...EQM (yield about 4%) does not look good to me...a 21% increase in the distribution is not much when the distribution is very low at about 4% and a .15 increase in revenue is not worth much when the p/e is almost 17...however, the ROE is pretty good at 29%, but the over-all color is very weak (a poor yield with a high p/e)...! My opinion is, that EQM has a long way to go (the share price should be about 50% lower) before it is a good buy...! Stagg...!
gambler...Canada oil sands need $33.00 a barrel to break even, S. A. need $30.00 a barrel to break even, some oil companies in the Eagle Ford can be profitable at $22.52 a barrel (about 100,000 barrel a day production) and 200 miles southwest in Dimmit county oil companies need $58.00 a barrel to break even...! The fact is, that you are pretty much correct that oil needs to be 'well over $30.00 a barrel' for most companies to make any profit (source: it is all over the internet)...! Stagg...!
Board members...jobs increased by 151,000, 4.9% jobless rate, average income is up .5% and the labor force participation is 62.7%...! Not to bad for a slow time of the year...! Stagg...!
william...I have also turned the corner on my holdings, but 'not as good as you' have...however, my revenue stream from my high yields 'is wonderful' as I continue to reinvest and take advantage of the current markets...i.e. My GSL was a real daisy today...! Stagg...!
sarge...most of my holdings are having a wonderful day...FRO, GSL and AVACF are doing the best and it pays to keep the faith as my revenue stream from my yields are still intact...! If BAC (yield about 1.4%) had a higher yield it would help pay its way...the Pro's try to keep us buying and selling and not investing (the brokers and the analyst make more off of traders and not investors...! Stagg...!
Board members...never listen to william unless you want to show some strong profits, lol...i.e. at this time GSL (yield about 29%, ???) is only up about 12% today...! Stagg...!
k-bon...I don't expect to hit a home run every time I go to bat and that is the investment game we play...however, I am still having a nice day in the markets as my portfolio is still doing fine...i.e. today FRO is up 4.5%, AVACF is up 4.1% and GSL is up almost 9% (at this time) and they all have very high yields...! Stagg...!
gambler...we would all like to see the markets surge forward...however, we have all seen this movie before and the markets 'will probably surge back again' before the end of this week...investors that keep investing in good quality stocks with high yields will be well rewarded, at some point in the future, when the markets rebound...! The markets will do what they will do and smart investors will profit from it 'in the future'...! Stagg...!
sarge...tomorrow, I plan to take some profit on NRZ and reinvest those funds into CPLP (for portfolio investment balance and more revenue stream)...I am still building up my position in CPLP and I will also reinvest some of my recent dividends into It...! My revenue stream from my yields is still growing (percentage wise and cash wise)...! Stagg...!
sarge...NFLX has done great (price wise) and may continue to do so in the future (???)...myself, I would never go near it because the 'p/e is 328', if something went wrong an investor would lose a lot of money and never get it back...I most always stay away from holdings that have real high p/e ratios (I am to chicken for that, lol)...! Stagg...!
pmblass...thanks for an 'very intelligent' message...a lot of investors fail to check out their 'Total Returns' which is adding all of their previous yields to the current stock price...I strongly suggest that investors get a Total Return calculator and start using it...
To get a Total Return calculator, investors can go to 'several websites' to get one that is user friendly (and they are free)...i.e. buyupside, divideninvestor and morning star...I favor the 'buyupside total return calculator' the best because of the flexible dates...! Stagg...!
Board members...this whole week was great for me (sometimes it pays to keep the faith) and NRZ was a real daisy today...I think the markets were over sold and Japan gave it a reason to go back up again...! I still see a lot of stocks that are in over sold territory...i.e. NRZ, SFL, NYMT, BDCL, CPLP and many more...! Stagg...!
bob...thanks for a good posted message...it also looks like a JF holding company is going to start a new shipping company, maybe called Arctic Securities (???)...they would probably not start another shipping company if all the shipping business was that bad...! That said, this current rally is very sweet for me...! Stagg...!
Board members..because there seems to be some interest in APPL and FB I am posting some data on both of them...this is not a pump or dump as I own neither:
APPL (about 2.2%) is an outstanding American company; gross margin is 40%, operating margin is 30.5%, and the profit margin is 22.8%...the ROA is 19.7%, ROI is 28.3% and the ROE is 42.9% (which is outstanding)...the forward p/e is est. to be 9 and EPS est. next year should be up 9.6%...APPL has $7.50 a share cash on hand and has a forward target price of $142.67...
FB (no yield yet) is a wonderful American company with a very bright future...gross margin is 83.1%, operating margin 30.1%, and the profit margin is 17.6%...ROA is 6.5%, ROI is 8.3% and the ROE is 7.3%...the p/e is very high at 84.5 (this is not good) and the forward p/e is37.5 (which is a lot better)...EPS next year should be up 32.9% and the one year target price is now at $140.00 a share...
My opinion is, that APPL has plenty of cash reserves and a lot of top engineers and will continue to pull new rabbits out of the hat and keep moving forward...FB will continue to grow on the fast track because it is very popular and has a very heavy use which helps it revenue stream...! I could add a lot more, but except for the low yields on both stocks, they seem to be solid investments (because of their color and forward outlooks)...! Stagg...!
Chad...I see no reason for SFL to reduce their current yield (they may increase it)...more, 10 years ago my revenue stream from my yields (on investments), was about 12k a year and now it is over 49k a year and still growing (compound returns always win)...
I go for the high yields with strong color and if a company reduces the yield a lot, then I switch holdings and look for other value (and I always dollar cost average into a holding over time)...! I just had eye surgery and have not been posting very much as it is very hard to do...! I have started new positions in CPLP, GSL and I just added more SFL (the recent rally has been very good for my portfolio)...! Stagg...!