muscleman

I use an iPhone but there seems to be no longer a mobile view. Is this a bug?

So is the case back to Lamberth's hand now? How will Lamberth change his mind and rule for the plantiffs?

I used to work in Amazon and in Feb. 2016, I left Amazon so I rolled over the Amazon 401k assets to a Fidelity IRA. The Amazon 401k's admin was Vanguard. Then in Feb 2017, I received two 1099R forms from Vanguard. One has distribution code G and one has distribution code 8. The one with distribution code 8 has about $2200. I called Vanguard and they said it is because I failed the "Highly Compensated Employee" rule for the 401k limit. Therefore I think this $2200 is an ineligible rollover to my IRA. I have the following questions: I sent a form to my IRA admin to request correction of this. However, since the over contribution happened in 2015 but Vanguard didn't tell me until Feb. 2017, do I need to amend my 2015 taxes? Since this happened after October 13th 2016, do I have to pay the 6% penalty on the excess contribution and earnings? Since I already got this 1099R form from Vanguard, if I request the correction from my IRA, I think I will get another 1099R form from the IRA admin, so will I be double taxed? Lastly, if I will be double taxed on it anyway, should I just FORGET about making a request to Fidelity to withdraw this excess? I saw someone recommended doing that for a similar situation here: https://www.bogleheads.org/forum/viewtopic.php?t=163635 Yours sincerely, MM

Glen is crazy...... http://seekingalpha.com/article/4046185-protected-designation-removal-first-positive-gse-omen-new-administration "I own 4050 shares of FMCCH, 19238 shares of FMCCP, 7370 shares of FMCCT, 1341 shares of FMCKO, 16885 shares of FMCKP, 13207 shares of FNMFN and 5 shares of FNMFO." So his cost basis is likely around $250K, a lot more than his net worth. :o I was long CCME back in 2011 and he was "all in" on those Chinese reverse mergers. Then those all went bust one by one and he went into quiet mode for a few years. (I also lost quite a bit on CCME) Now he is going crazy again. I hope the outcome is different. :)

Thank you. I do have audible. I will check it out.

I have one. I called them but they said for milage subscriptions, they don't give online access. So it is a paper only subscription.

The Google trick does not seem to work anymore. Thoughts?

Sorry for the dumb question. I tried to google it but it is all about how leases work for consumers. Can anyone please let me know how lease work financially for the leasing companies? I know some banks finance auto leases. Let's say I signed a lease and paid $2000 upfront and I will pay $200 per month for 3 years. At lease end the residual value of the car is $20000. Then does the bank pay the entire value of the car upfront for the dealership? If the used car prices decline and 3 years later the car is only worth $15000, who is responsible for that risk and how?

I have an investment advisor account in IB to manage client's accounts and I am getting more and more upset. From time to time their buggy website can't be logged in, and recently I bought some bankrupt company's senior bond that's going through a haircut and the company set a deadline to vote for the haircut. They give early consent incentive fees for meeting deadlines. I opened an urgent ticket request to ask for some very basic info, such as the name of the clearing firm that IB uses, and the CUSIP of that bond. After calling them at least twice a day for over two days, they still have not provided me with this basic info, even though the deadline is just one day away. >:( I am so pissed with IB. I had an individual account in Fidelity before and I know if they handle this kind of things they will get back to me really quickly.

Thank you! It is exclude by default and there is no way to change the default to include.

https://www.sec.gov/edgar/searchedgar/companysearch.html When I enter the symbol on the fast search box, the url contains owner=exclude part, and there will be no form 4 results included. Each time I have to manually remove that part of the url and refresh the page again to see form 4s. Do you know a more convenient way to search for filings?

http://www.otcmarkets.com/financialReportViewer?symbol=MAAL&id=163976 Just took a quick look. Revenue down but cost went up by a lot. Can't understand why it is paying big dividends while losing money.

http://www.cnbc.com/2016/11/10/druckenmiller-making-large-bet-on-economic-growth-on-trump-win-sells-gold.html "I like the sectors of the equity market that respond to growth [like] value and materials, not things like staples or traditional growth stocks." I wonder if FANG stocks are tradition growth stocks? What does he mean?

http://www.wsj.com/articles/trump-to-name-icahn-as-adviser-on-regulatory-overhaul-1482354552 Didn't Icahn say he would not want to be Trump's adviser but will be around to take his phone calls? Now he is named Trump's adviser?

What's the likelyhood that this deal is approved by both sides but Regulators object?

Does anyone know why Mike Burry bought heavily into COTY? Over 30% of his portfolio into this name. :o What's good about it? I read a few articles but can't find any. Expensive on P/E and EV/EBITDA. No growth. Maybe a little bit of synergy but don't see much upside. Am I missing something obvious?

Could someone help me understand the difference between Pabrai's bullishness on airlines VS David Einhorn's Bullishness on MU in 2015? http://www.gurufocus.com/news/373674/david-einhorn-comments-on-micron-technology The thesis sounds pretty familiar. "Our thesis has been that Micron Technology’s primary product, DRAM, has consolidated to three players, who are likely to create more industry profits compared to when DRAM production was highly fragmented. The problem is that structural industry improvement doesn’t make DRAM less cyclical. The large capital requirements force participants to make large investments in anticipation of future demand. If the industry overestimates demand, it still makes sense to operate at full capacity and oversupply ensues." MU has not been doing well even in a three player industry. Revenue and EBITDA still shows the cyclical pattern.

Thank you for sharing. That's very surprising to me! WOW!

We need these turnaround experts to reboost the US economy, rather than career politicians who know nothing and do nothing.

They had large short positions in commodity producers... including RIO, BHP, and others. Thank you...... I wasn't aware of that until I read the annual report again. :-[ I wonder why the CPI index wasn't dropping while the commodity prices collapsed. Does this also include housing prices? That seems to be the only living cost that's jumped by a lot in the past few years.

http://s1.q4cdn.com/579586326/files/doc_financials/2016/2015-Shareholders'-Letter.pdf It seems to me that commodity prices have dropped significantly since Prem initiated his delfation bets. However on page 18, they are having 50% paper losses on their deflation bets. It seems like he was roughly right about deflation but jumped onto the wrong vehicle? If he shorted commodity indexes then he would have made a killing no?

I think the whole game of investing is to buy when there is maximum uncertainty (but little risk) and sell when everything looks great. :)

press release is dated November 3rd. Err...... I am sorry for posting such dumb questions. Thank you for pointing out. :'(

Thank you! I have a few concerns. 1. They didn't say when they sold these US Treasuries. So it could be sold after Trump was elected and interest rate started spiking, which means they already lost quite a bit on the bonds before they sold. 2. Cash and short term investments were 4.9 bn at 2016 Q3 end. With this statement, they raised 5 bn cash, and that's equal to 90% of their US treasuries. But their total bond position is 15 bn, so they still have 10 bn bonds that they are holding. According to page 23, 100 bps increase results in 1.2 bn losses, so what's their actual book value per share as of today? I guess it is less than $406 at 2016 Q3 end. http://s1.q4cdn.com/579586326/files/doc_financials/2016/2016-Q3-Interim-Report-Final.pdf I like their insurance underwriting results but I am concerned with their investment results.

They have 15 bn fixed income portfolio. 100 bp raise in interest rate results in over 1 bn losses. I know they reduced the equity hedges significantly but how about their fixed income portfolios? I can't find any news related to that.