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LNCO BUY IN IRA-UPDATE DO NOT BUY

December 23, 2013

SPY 1815.00 Go to “Investments Core Portfolio” for current holdings.

SHORT TERM Bullish

LONG TERM Bullish

UPDATE July 2014  Now own.  Go to Core Portfolio for update.

I have talked about LNCO repeatedly on this blog.  The parent Company has had a crappy year to say the least with the SEC inquiry and multiple hit pieces in Barrons.

I mentioned that I was holding LNCO (Linn Company) despite all the problems.

The SEC has now closed their inquiry and Linn Energy has completed a merger that was pending.  So, I suggest you buy LNCO in your IRA which provides a 9.8% dividend rate.  LNCO is specifically designed for your IRA.  If you want to take a little more risk, buy the LINE stock in your taxable account.  According to reports, “insiders’ have been buying stock, always a good sign.  LINE also has corporate bonds available which I am looking at.  (I hear Raymond James just upgraded to Strong Buy)

LNCO has been, and still is, in the core portfolio.  (go to link at top of page)  Price $29.72

Movies:  The Wolf of Wall Street.  If you actually have a life and don’t watch the markets everyday, this might be fun to watch.  But if you are a full time investor “Wolf’ is old hat.  You know what is going to happen…sex, drugs, money etc.  Some of the scenes are too long and it starts to get boring after a while.  And, this thing is so damn long, three house.  ‘Wolf’ is cotton candy for the mind so don’t expect Gone With The Wind.

Too Funny:  2014 will mark the beginning of a massive change for liberal talk radio across the country. In New York, WWRL 1600 AM will flip to Spanish-language music and talk, throwing Ed Schultz, Thom Hartmann, Randi Rhodes, and Alan Colmes off the air. In Los Angeles, KTLK 1150 will be dumping Stephanie Miller, Rhodes, Bill Press and David Cruz off the air in favor of Glenn Beck, Rush Limbaugh and Sean Hannity. In San Francisco, KNEW 960 will leave Rhodes, Miller, Hartmann, and Mike Malloy without a radio home in the market.

Thanks to radio consolidation and the secondary status of leftist talk in major markets across the country, the final death knell for liberal talkers could be tolling. Leftist talkers simply don’t have the same radio draw as conservatives; KTLK was ranked #41 in the market in November 2013, with WWRL registering almost no pulse at all. KNEW registered just an 0.4 in the San Francisco market in December 2013, placing it #31 in the market.

The failure of commercial leftist talk means that only government-sponsored NPR remains in many major markets.

Go to “HOME” (top of page) for the most current posts.  Go To “+FOLLOW” (top of page) to follow this blog.  Go to “INVESTMENTS” (top of this page) for core holdings. 

This blog discusses dividend paying investments that I find appropriate for myself…..and for investors seeking dividends and income.  I am not an investment professional.  You must do your own research before buying any position.  All gains or losses that you realize are based on your choices.

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One comment on “LNCO BUY IN IRA-UPDATE DO NOT BUY

  1. […] is not too late to buy LNCO…….everyone and their brother is positive, once again, on this.  For your […]

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