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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (37508)	8/1/2008 1:15:08 AM
From: Midwest_Investor	Read Replies (2) \| Respond to of 42834

Hey Pete, don't feel bad. Not all recommendations are good. seekingalpha.com "CACS would have total cash value of $6.09 + $2.54 = $8.63" -Kirk L., 9/10/2007 Ummmm, while were pointing out bad recommendations, we might as well look at least one of Bob's competitor's recommendations as well. Just to be fair and balanced. :) Kirk likes to talk about FDX et al, but whatever happened to his CACS? I can't find a current quote for it.

To: Kirk © who wrote (37508)	8/1/2008 10:42:21 AM
From: Boca_PETE	Read Replies (1) \| Respond to of 42834

Hi Kirk, "I bet your oil company stock is making up for some of your pain. 8)" Well now there's a beautiful thing :-) It's the only security I left in my 401K when I retired so that I could eventually take advantage of the NUA provision in the tax code whereby you pay ordinary tax on the cost basis when you take a complete distribution of the shares, and get capital gain treatment of the appreciation when you sell those shares. Of course cap gain tax may rise if there's an Obamination Administration with a Dem controlled congress. And the share price dropped like a stone in recent weeks. So I'm currently quite conflicted as to pulling the trigger on that lump sum distribution this year and foregoing future tax deferral on those quarterly dividends that had been compounding tax free like an IRA contribution since I retired. I'm thinking that the future tax deferrals on the dividends is still more beneficial than the effect of any increased cap gain tax rate applied to the appreciation over the cost basis. P