Tinman

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    • Tue Nov 18th 16:03 PM
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      Rating: 0 0
      Commented on:
      CEF Yields May Indicate a Further 20% Drop in Prices
      Agree that income-only yield is the right metric. Is there a readily available, downloadable, and preferably reliable source of this info for CEFs?
      View article »
    • Fri Oct 3rd 11:55 AM
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      Commented on:
      Harbinger Capital: Ashland Stake and Performance Update
      Follow up: I see CLF closed under $40 yesterday amid the wreckage. That puts it's fwd PE under 3. WTF?
      View article »
    • Mon Sep 29th 11:09 AM
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      Commented on:
      Reducing Coal Position As Hedge Funds Punish the Sector
      WLT has a leverage ratio over 6, D/E >3. Wouldn't touch it in this climate.
      View article »
    • Mon Sep 29th 11:07 AM
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      Commented on:
      Reducing Coal Position As Hedge Funds Punish the Sector
      MEE ripped for 15% so far today (-6 @ $33.70) -- imagine if the bailout talks had stalled! Do hedge funds have any more short positions to be squeezed?
      View article »
    • Mon Sep 29th 10:40 AM
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      Commented on:
      Coal Prices Set to Go Up
      I guess the prospect of President Obama is why CLF is dropping faster than the rest of the rocks this morning.
      View article »
    • Sun Sep 28th 11:18 AM
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      Commented on:
      Bailout Should Be A Windfall For Taxpayers - Barron's
      Housing bubble due to excess liquidity (and a systemic problem that temporarily was rewarding greed and punishing prudence). Drops of 30% are NOT the problem, it was the excess rise of %30.

      Now we have a sea of debt instruments of uncertain value that are an accounting nightmare, bringing major institutions to their knees. It makes sense to me to create a market for the questionable debt BUT
      1. it is not a panacea
      2. the current administration is incompetent at best and corrupt to the core at worst

      I would prefer to change the accounting rules for the duration of the crisis (i.e. suspend mark to market for illiquid assets, suspend short selling -- isn't that why God gave us put options anyway?), and reinject capital where needed on Buffet-like terms.
      View article »
    • Sun Sep 28th 11:07 AM
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      Commented on:
      Looking Beyond Inflation - Barron's Interview
      "money - without credit creation - can not generate inflation" ... hmmm, that's something to consider. But why was the July PPI up 9% y/y?
      View article »
    • Sun Sep 28th 11:04 AM
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      Commented on:
      Credit Cruuuunch
      China pause... wait 6 months
      View article »
    • Sun Sep 28th 11:01 AM
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      Commented on:
      The Fed Has Made the Entire U.S. a Hedge Fund - Get Your Portfolio Ready
      "One of the most wrong-headed and ill-conceived articles of economic and financial advice the Simple Accountant has ever read, simply breathtaking in the horrible consequences that would result from its adoption."

      Amen, brother.
      View article »
    • Sun Sep 28th 09:53 AM
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      Commented on:
      Hoping Paulson's Plan Works Is Not a Plan
      All good points. Anyone running for Congress outside of Utah with an R by their name should be very worried.
      View article »
    • Fri Sep 26th 19:08 PM
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      Commented on:
      Taking a Risk - With 20% Yields
      looking into AWP further, CEFA says only 1/3 of the 17% distribution is income !?!?

      www.cefa.com/FundSelec...
      View article »
    • Fri Sep 26th 18:52 PM
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      Commented on:
      Taking a Risk - With 20% Yields
      sorry, "... INTO call options."
      View article »
    • Fri Sep 26th 18:52 PM
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      Commented on:
      Taking a Risk - With 20% Yields
      Lots of babies being tossed out with the toxic waste water lately. It's like the whole market has been turned input call options. Some are going to pay off handsomely, some will spiral into the enormous black hole at the center of our economy.
      View article »
    • Fri Sep 26th 18:22 PM
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      Rating: 0 0
      Commented on:
      The Rules of the Game Have Changed
      jimmy, how do you know only cheaper houses are selling? ahhh, because HALF ARE FORECLOSURES and we know they're concentrated in the lower end (aka subprime) market.

      I'd call that cold comfort indeed.
      View article »
    • Thu Sep 25th 16:52 PM
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      Rating: 0 0
      Commented on:
      Harbinger Capital: Ashland Stake and Performance Update
      CLF projected earnings of $40/sh over next 3 years, closed today around $65 (down another $3 with the DJI rising nearly 300). It's forward PE is around 4, reported blowout results July 31, and earnings estimates are being raised sharply.

      Does anyone else smell a rat? A short-selling rat?

      View article »