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  • Best Long Idea For 2015: McDermott International At $2.50 (Part I) [View article]
    2 to 3% is the answer so might make a lot of sense to remodel at that net profit margin
    Dec 25, 2014. 02:39 PM | Likes Like |Link to Comment
  • Best Long Idea For 2015: McDermott International At $2.50 (Part I) [View article]
    Trsingleton, what is your view re net profit margin 10% per author or 2 or 3% per earlier comment seeing you in a similar industry
    Dec 25, 2014. 06:26 AM | Likes Like |Link to Comment
  • Peak Resorts Is Skiing Just Ahead Of An Avalanche [View article]
    Brilliant work Keubiko!!!
    Dec 3, 2014. 09:40 AM | 3 Likes Like |Link to Comment
  • Ur-Energy: A Uranium Giant In The Making, Part 3 - Higher Uranium Prices Are Here And That's What We've Been Waiting For [View article]
    I don't get it. Price to sales is about 2.

    Accounting cost per pound is 37.52

    Include all options, warrants and RSU and fully diluted shares are 145 954 000

    Using 1000000 lbs production and finance costs of approx 2.7m I get EPS of 6c for the year in a back of an envelope calculation. P/E of 12 and i get a share price of 72c.

    Sure there is a J curve if prices go up but betting on commodity prices is not smart investing.

    Why is everyone so bullish
    Dec 1, 2014. 01:51 PM | 2 Likes Like |Link to Comment
  • DeeThree Exploration: This Well-Run, High-Growth, Low-Debt, Undervalued Company Has A Very Bright Future [View article]
    What about IAE (Ithaca Energy) as even a cheaper play. Denis Beudet covered it 10 months ago. Admittedly execution has been delayed but it looked vary interesting
    Nov 5, 2014. 08:19 AM | Likes Like |Link to Comment
  • Dex Media's (DXM) CEO Joe Walsh on Q3 2014 Results - Earnings Call Transcript [View article]
    Surely the market will punish the stock until the debt issue is resolved and there is clarity on the capital structure going forward. Until then operational excellence and new digital growth is rearranging the deck chairs on the Titanic. In due course can be a very interesting long when the debt load noise turns into a cresencdo. IMHO
    Nov 5, 2014. 12:54 AM | Likes Like |Link to Comment
  • Coach Has Staying Power, Michael Kors Doesn't [View article]
    To me the biggest issue coach destroys the brand by selling coach products at factory outlets. Stop doing that and then they will be investable.
    Sep 25, 2014. 07:12 AM | 1 Like Like |Link to Comment
  • Strong Enrollment In Phase 3 Trial Means Good News For Titan Pharma [View article]
    ProNeura In Parkinson's Disease
    Hi Jason,
    If successful what impact does this have on cynapsus. As a accountant I would say it makes it obsolete or am I missing an enzyme or two?
    Sep 24, 2014. 02:57 PM | Likes Like |Link to Comment
  • DTS Inc.: A Mundane Business, With Exciting Profits [View article]
    How long are the patents valid for as that is the value of the company
    Aug 22, 2014. 10:56 AM | Likes Like |Link to Comment
  • Jason Industries - Hidden IPO Of A Proven Business With Proven Management [View article]
    Any idea what the roe is or will be
    Aug 22, 2014. 10:34 AM | Likes Like |Link to Comment
  • Turnaround Happening At magicJack [View article]
    The company has had declining subscriber growth since the first quarter of 2012 because of poor management. Not sure I buy this. What did management do, turn people away when they wanted to register. If the value proposition was so good subscribers would have still grown in spite of poor management. Previously someone also mentioned potential tax liability based on some or other reason
    Aug 18, 2014. 12:41 PM | Likes Like |Link to Comment
  • Why Ur-Energy Could Be A Very Attractive Play [View article]
    Seems expensive at price to sales of over 4 based on your 2015 projections
    Jul 1, 2014. 03:46 PM | Likes Like |Link to Comment
  • ADRs Of Allied Irish Banks Worth Just $1.19; Will Drop To That Level Within 7 Months [View article]
    From 31 Dec 2013 conference call 5 MArch 2014

    Speaker: Thank you. So, the stock market current values AIB at $80 billion which makes it, I think, the most valuable bank in Europe. Clearly investors are being set up for a huge disappointment here. So are you considering anything to help the market value the stock more realistically like a reverse stock split or anything like that?

    David Duffy: Yeah, I mean I think the market valuation is very high, obviously. We published all our disclosure on this; the number of shares being traded in is the minimum [inaudible] to all of you for your information, the press has done the same. And what we’ve said to the Department of Finance is that we look at the capital stack and we look at the overall position of our bank we would want to address the building of a free float that is more substantial and try to address that during 2014 as well and I think that that will help provide greater clarity and transparency around the actual valuation.

    Speaker: And would you also split the stock? I mean if it trades at a cent that is penny stock territory and it doesn’t really – you know – it’s not congruous with the bank that’s back at – in normal territory.

    David Duffy: Well, I think we’ve asked our advisors and we’ve asked the Department of Finance to set that with us together. I think there are lots of options but in simple terms whether you do share a consolidation is that the practical solution had to be that we have a tradable sale in our free float and that needs to be addressed in addition to the capital stack this year for sure.

    Speaker: Okay. All right. Thank you.

    David Duffy: I think that’s it for online so we have to wrap up now, not because we don’t love you but because there are other pressures. But I think Ferguson and Miles might be around for a little while. I have to run across to the other side but thank you all for your time. We’ll obviously engage with you on follow up sessions as you need. Thank you very much.

    Operator: Ladies and gentlemen, this now concludes today’s call. Thank you all for attending, participants. You may disconnect your lines now.
    May 6, 2014. 12:30 PM | Likes Like |Link to Comment
  • ADRs Of Allied Irish Banks Worth Just $1.19; Will Drop To That Level Within 7 Months [View article]
    Just to see if I understand the issue

    According to the Dec 2013 financial statements page 419 4th paragraph down they say

    " In April 2012 the Depositary commenced the sale of the ordinary shares underlying the ADS on the ESM..... At 31 December 2013 26,513,561 ADS were still outstanding, as a result of the ongoing sale sale process each ADS is backed by approximately 3.5 ordinary shares and a cash amount....... On completion of the sale of the remaining shares underlying the ADS (Approx 93 million) by the Depositary the outstanding ADS will be cancelled, cash will be remitted to the ADS holders and AIB will terminate the registration of the securities"

    Currently the ADS is represented by cash and 2.something shares today.

    So the contention is that if I a long the ADS I can still convert and get 10 of the underlying shares. From where will these shares come from? As the learned Ehreman believes they get the shares from the pool of 93 million which they then use to cancel the ADS so the 10 for 1 relationship will exist.....until they run out of shares. Surely the Depositary will not allow that sort of optionality to exist as the final holder of the ADS is going to loose a lot of money

    Great work by NH and Ehreman
    May 6, 2014. 12:20 PM | Likes Like |Link to Comment
  • Nevada Copper Is A Rare Opportunity [View article]
    Titinerant, how would you rate nevdf, Ivanhoe mines and lgo cn as investments against each other? I consider you expert on all
    Mar 26, 2014. 11:18 AM | Likes Like |Link to Comment