Simple Investor

Looks like Stern is back for 5 more years. :) Might be as much as 120mm per year.

Jack Cockwell. ::) What a name.

Agree. Be great to hear his thoughts.

If you are a company you are crazy not to advertise on FB. If you are a regular person you don't even know this debate exists. People Need to post on FB. Its more addicting than cigarettes.

TAP looks like a good alternative. Have the number #2 and #3 beer in the US. A bunch of #1's around the world. Also tout the largest craft portfolio. With large dividend raises likely in mid 2019 after they pay down debt. Isn't everything ups and downs? These companies have weathered storms before and i think they figured out a way to move forward.

quick question. Is the spread between what they pay depositors and what they get in cc interest shrinking? As rates rise they are paying more to depositors but i didn't think they could charge more interest on the cc's. Credit card interest rates looked capped out. First level thinking on my end. I have liked this investment for a couple of years but didn't pull the trigger.

I'm trying to determine the size of the goodwill write off next quarter. Over/Under at 3.9 Billion. Excluding any tax implications from the new tax law.

I guess its all debatable. At one point store builds were at 5-6% per year. Once the WMT deal was over they bought back a ton of stock (over 10% in a year). By the metrics I looked at they ran a lean organization. But at the end of the day its a gas station biz. When I compared them to the other Spinoffs they had the best metrics at the time. Its worked out up to this point. As far as Wawa I'm not familiar. Judging by the website it looks like a great place. I think MUSA new builds are 1,200 sq feet - Low cost provider seems to be their market. Wawa looks like a premium place. Also don't forget the CEO sold the Ethanol plants (and other assets) And he waited for the right price. I'm not an expert in this industry but I give him high marks for capital allocation.

I'm long GM. Has anyone looked at the tire companies (somewhat related). I'd start a new thread if there was interest. Cooper is 4 times EBITDA -10 PE. Goodyear is 6 times EBITDA - 7 PE.

I've owned it for years. RIN prices fluctuate like crazy. Earlier in the year it looked like RIN's were on the chopping block (Carl Icahn and regulatory changes) but it looks like that's on hold. There are a ton of questions related to RIN's on the call transcripts around that time. Hard to understand the impact if they go away. The company tries to explain it but it doesn't sink in. Which leads me to believe they are important. So we both have regulatory risk around RIN/s. Don't forget they own those 1,000 Walmart properties. And that's prime Real Estate. It does seem overvalued and I have been trimming. The stock was just at 62 a few weeks back. But when gas prices drop their spread goes bananas (in a good way). They claim to be the low cost provider. Plus they have done huge buybacks and continue to do so. The CEO strikes me as a good capital allocator.

I live in Rochester, NY. For 500k in Buffalo you can get a mansion. Why not find a house for 350k? I think taxes on 500k will be 15-20k per year. and whole life insurance? I still don't see how the numbers work out in my favor on that insurance. It seems confusing to spend 95% of your net worth on a very expensive Buffalo house. Go Bills.

nice moves!

aeco gas flying off the handle and BXE stock bleeds. Frustrating.

Plus all the people who actually utilized the credit cards that they were sent (without asking for them). They ran up interest and other fees. In this case the extra fees that were generated out weighed the refunds. Lots of jamming clients with as many services as possible. Just in case they need them. Credit cards, Home equity, Margin, etc...

Are the owners really competent and honest? They went bankrupt in 02-03. They blamed Price water house and tried to sued them for 2.5Billion. I'm looking into it now but there are red flags with the current owners. Plus they ousted their dad and took control of the company (that might have been a good thing). http://www.wsj.com/articles/SB105633284684716900