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Nice Earnings for PVR



April 25, 2013 – Comments (10) | RELATED TICKERS: PVR.DL , BBEPQ , MMLP

I have been advising PVR since 2008 (along with many other MLPs and BDCs).  But I always dreaded earnings day for them.  They always just seemed to miss, but its yield always kept me in the company.

When they made a major gas gathering acquisition last year I saw that as a great move since they were expanding in a "growth" area and relying less on coal. Last couple days I saw it dropping and thinking uh-oh earnings due today, but I still remembered all that recent insider buying.  I have to say their earnings release was great.  They even managed to earn a little more on coal Q over Q on less volume.

Zacks just has this stock all wrong.

10 Comments – Post Your Own

#1) On April 25, 2013 at 11:50 PM, awallejr (58.48) wrote:

Wow.  Really?  No one cares anymore?

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#2) On April 26, 2013 at 3:09 AM, ikkyu2 (98.39) wrote:

Next time tell us before earnings :)

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#3) On April 26, 2013 at 9:32 AM, Option1307 (30.41) wrote:

I care! ;)

i can't say I follow PVR at all but looks like they had a nice quarter so glad to hear that it worked out for you. I've always been interested in MLPs but just have never really gotten involved with them. I felt they were are tremendous buys in 2009 and for some reason never pulled the trigger, since then they all ran so far so fast and haven't been too interested in them to date.

Although Deej brought UAN to my attention some time ago and that is one that actually seems fairly interesting. Very concentrated play but interesting nonetheless.

Best of luck!



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#4) On April 26, 2013 at 4:43 PM, awallejr (58.48) wrote:

Actually this was designed more as a follow up from here:

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#5) On April 26, 2013 at 8:22 PM, HarryCaraysGhost (84.17) wrote:

What do you mean no one cares...?

I still want to here the story about Buddy Jacobson ;)


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#6) On April 26, 2013 at 11:10 PM, awallejr (58.48) wrote:

Ah thanks for asking Harry.  It really is an interesting story but sadly few will read this.  But between me and you I will tell a story.  I am going to assume you did google Buddy Jacobson so you at least have background info. 

I came into the picture toward the end.  He did have some of the perceived "best" lawyers.  Jack Esveroff for the trial and Ramsey Clark (former Attorney General for the US) on appeal.  Both did a horrible job in my opinion.

In any case I was getting a reputation for criminal defense.  I had the Venezuela Consulate General contacting me for defense of their citizens.  My first trial victory made front page of the New York Law journal.  DAs hated me because I made them work. I was becoming known as a "Law man,"  meaning someone who made wining legal arguments.  Problem was I was getting harder and harder criminal types seeking my representation.  I gave up after I represented a "Russian mob" defendant.  I simply lost the stomach for it.

Anyway, with that aside,  I had a mutual client of another lawyer who had contact with Buddy.  I had an interest and met Buddy up in Attica.

Basically Buddy (a known celebrity at the time) was arrested along with another for the murder of the boyfriend of his former girlfriend. Without getting into details I was given a complete set of his trial transcript (a ton of pages let me tell you).  I read every single sentence and discovered something important.

When he was arrested with this other person each one's pants was given an evidence number.  Buddy was found guilty and the other person was found not guilty.  However,  on one of the pants there was blood spatterings which type matched the victim.  The jury during deliberation even asked to see those pants specifically.

Yet here is the kicker.  The pants with the matching blood spattering was argued as Buddy's, except the record had those pants as the other person's.  

Bottom line everyone missed that mistake.  I found it and told Buddy there is a motion I could make for a new trial. He said no he wanted to do his habeas corpus appeal. I told him he is wasting time he will lose it (which he did).  I urged him to listen to me but he refused so since I wasn't getting paid I wished him good luck.  He eventually died in jail but from cancer, but he had a winning argument.

I suppose I can't blame him for not taking my advice since I was just some young punk lawyer while he had access to the "best."

His story actually would make a good "movie" but unfortunately the "ending" doesn't play out right.

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#7) On April 27, 2013 at 11:04 AM, HarryCaraysGhost (84.17) wrote:

Thanks Andy,

I did google it for the background story and it's a fascinating story.

Here's a link for anyone who want's to know what were talking about-

Your right it would make a good movie, hey if your ever bored maybe you could write the screenplay.

I'm thinking Tom Cruise playing the part of Buddy. Short, controlling, always around beautiful woman but you suspect he's gay....

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#8) On April 27, 2013 at 2:14 PM, awallejr (58.48) wrote:

I can't say with certainty if Buddy was gay or not.  All I can say is he was married once and has a son.  What is missing from that link was Buddy's escape from prison which is another story in and of itself.  His son eventually convinced Buddy into surrendering.

Tom Cruise would be the wrong choice.  Buddy was basically a short geeky type.  It is one of the facts I thought important given how brutal Jack Tupper was killed.  It would be like Walowitz from "The Big Bang Theory" beating up any of Penny's former boyfriends.  Something just not believable.

Biggest mistake at Buddy's trial was in his lawyer not excluding 3 auxiliary cop jurors. Well that and missing the mixing of the pants.

Personally I have a theory of what really did happen and it doesn't include Buddy as the murderer.

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#9) On April 27, 2013 at 3:25 PM, HarryCaraysGhost (84.17) wrote:

I don't know man, I think Cruise could handle the role- Dudes only like 5' 3"

Saw this on Facebook-

So time is a factor.

The escape would be shown for sure.

Hey if you actually go through with it, can I get HarryCarysGhost buried somewhere in the credits?

KEY GRIP- HarryCarysGhost

 (what the heck is a grip) 


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#10) On April 27, 2013 at 11:54 PM, awallejr (58.48) wrote:

Lol I don't think it happening, but surprised you didn't ask me what my theory was.  I was rushed so didn't say. So without further teasing what I suspect happened was Buddy complaining to his "banana boat" crew about wanting Tupper to leave his building.

I suspect things went too far and hence his death.  Buddy found out later and found out his rug was used to wrap the body.  That is why he was seen in the Bronx.  The guy found NOT guilty wore the pants that had Tupper's blood match.  Reasonable doubt?  I wish I could have handled the retrial.

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