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  • RadioShack: 'Lifeline' Just A Risk Free Cash Advance On 4:1 Dilution For Shareholders [View article]
    Is it not 400 million additional shares not 300 million. The press release said that shareholders will own just 20% of the company. That implies 500 million total shares versus the current 100 million. They mentioned giving shares for fees or something. Maybe that is why you can't just divide $120 million by 40 cents to get 300 million additional shares if that is what the author did??
    Oct 5, 2014. 08:20 AM | 1 Like Like |Link to Comment
  • 4 Reasons RadioShack Shorts Are Gluttons For Punishment [View article]
    Its funny to write this story when shareholders just received news of the worst possible deal imaginable for them. They just lost 80% of the company and 400 million more shares will exist best case. Worst case they still file for bankruptcy in January. The reason the stock was trading at $1 with bankruptcy was so likely is because you were getting a lot of stores for $100 million market cap so in the unlikely case of a turnaround the upside could be big. Now that upside has been reduced by 80% because there are now 500 million shares and the same bankruptcy risk exists. So it will be surprising if this stock doesn't open at 50 cents or less Monday.
    Oct 5, 2014. 08:09 AM | 3 Likes Like |Link to Comment
  • PulteGroup: Get In Before The Party Is Over, While Everybody Else Still Has Unreasonable Fear [View article]
    The new american dream is to rent a house. Inventories are rising nearly 6 month supply. Builders don't do so well with inventory over 5 months. Maybe next year.
    Sep 25, 2014. 08:14 PM | Likes Like |Link to Comment
  • Why D.R. Horton's Q3 2014 Earnings Are Cause For Concern [View article]
    If there are no more writedowns the stock will go back up. But we will not know until next quarter. ON a positive their new orders were better than all the other builders recently. DHI was up the most on year before this hit. Think that was a big reason for why it fell so much.
    Jul 29, 2014. 08:04 PM | 1 Like Like |Link to Comment
  • Maybe I'm Wrong - Justifying $2,000+ Gold [View article]
    The island of japan with 130 million people is projected to see its population continue to decline to under 100 million. Meanwhile, they have $10 trillion in debt. Japan is already insolvent. There is no way to prevent the collapse. When it does it will be a insane crowding out and europe and America will also see their currencies fail. I mean at 5% interest rate we could barely do more than service the interest on our $20 trillion in debt. buyers of gold know this.
    Jun 2, 2014. 07:14 PM | 5 Likes Like |Link to Comment
  • Canadian Solar Had Great Q1 Results, But Is It A Buy? [View article]
    Anything under $26 is very cheap. Solar demand will be strong for the next 18 months at least. SCTY forecasting a doubling in demand for 2015. And look at all the projects that are set to be turned on 2nd half of 2014 and 2015. Where will all the solar panels come from I wonder??
    May 19, 2014. 04:29 PM | Likes Like |Link to Comment
  • Canadian Solar: A Hidden Stock Market Opportunity Unfolding [View article]
    CSIQ is very undervalued. Canadian installation revenue alone which they can not book until the project goes unline is $1.5 billion. Against a current market cap of just $1.2 billion. Next 24 month earnings will be around $6-7 share? With the strong balance sheet after the recent capital raise at $36 share, there is no reason for the stock to be trading at only 3 times next 2 years earnings.

    Even at a low valuation of 5 times next 24 month earnings this is a $30-35 share. Northland this morning lowered price target to $46/share. That is closer to fair value than the ridiculous $22 stock price.
    May 19, 2014. 08:08 AM | 2 Likes Like |Link to Comment
  • Beazer Home's Debt Deal Reflects Deteriorating Homebuilder Fundamentals [View article]
    If the bond market is willing to give them money at under 6% they should borrow as much as they can while they can. If rates were to ever rise they would be bankrupt. They are being smart. Your article makes no sense they have no ability to deleverage. They have to borrow cheaply and attempt to build there way out of this position while rates are low. Same with Hov. Both of these companies would be bankrupt if fed funds were 3% and not zero. If they are lucky they can build shareholder equity back up some while rates are low so they can stick around.
    Apr 11, 2014. 08:04 PM | 3 Likes Like |Link to Comment
  • Sears Holdings' Valuation Part 4: SRe Holding, Sears Re, And REMIC Early 2014 Update [View article]
    Interesting that SHLD stopped buying back stock in 2011 and hasn't since even with the low stock price when they used to buy back in the 150's. Why do they not just close everything down now and liquidate? Is it because they can get higher prices by doing it slowly? Like easier to negotiate sale if you still in business? IDK.
    Mar 21, 2014. 08:30 AM | Likes Like |Link to Comment
  • Sears Holdings' Valuation Part 4: SRe Holding, Sears Re, And REMIC Early 2014 Update [View article]
    What are the 100 analysts missing? And how many years will it take for them to unwind the value and what will be the losses over the mean time? Thanks. And maybe they are right, but they also have to say there is value or the vendors will pull credit and the business is shut down overnight. Actually based on the theory that the value is in the real estate, then that would be a good thing! Can you explain why they don't just close all stores tomorrow and sell everything? Just wondering. Seems like the sooner they do that the sooner they save $2 million a day in losses.
    Mar 21, 2014. 07:49 AM | 2 Likes Like |Link to Comment
  • Sears Holdings' Valuation Part 4: SRe Holding, Sears Re, And REMIC Early 2014 Update [View article]
    Tangible book value is now negative $800 million. If they keep losing $700 million a year over the next 3 years tangible book will be headed toward negative $3 billion. The business has no value. So even if they sold all the real estate for a very generous $8 billion over stated book over the next 3 years that leaves only leaves $50/share the current share price. So no upside over 3 years. Discount that for 3 years unwind time at 10% and you get a fair value in the $30's. And who knows what costs there might be with unwinding the pension funds or closing down the business. The only 2 analysts that cover the stock have $25 targets. If they could push a button and liquidate everything right away maybe there is value. But imagine the years and expense of liquidating this thing?? It is probably a gold mine if the business was making money while they did that, but its not its losing $2 million/day.
    Mar 21, 2014. 07:33 AM | 5 Likes Like |Link to Comment
  • Micron Technology: Not Too Long Until We See $30? [View article]
    I shorted today. DRAM FLASH pricing is back to when MU was $18's. Looks bad. $22's coming I think.
    Mar 10, 2014. 12:49 PM | 1 Like Like |Link to Comment
  • EXCO Resources: The Slog Continues. Next Stop Dividend Elimination [View article]
    20% RRR???? Yellen pushes this down to 12% and you get $6.40 today. Also Nat gas prices are $1 higher that is another $160 million a year straight to the bottom line. Nat gas prices should stay over $4 for the next few years. that is big for this company I think.
    Mar 4, 2014. 08:41 PM | Likes Like |Link to Comment
  • Is The Coal Space Turning? [View article]
    Also coal stocks trade with the materials sector and global minors. RIO and BHP have been strong lately while the market has been weak. Maybe after an 18 month decline the mining sector is finally turning up. Silver was up 5 days in row last week. Havnt seen that in forever.
    Feb 8, 2014. 11:03 AM | 1 Like Like |Link to Comment
  • Is The Coal Space Turning? [View article]
    Coal stocks and natural gas stocks have the most improved fundamentals over the last 2 months. But the stocks have not moved yet and in the case of coal stocks they are down 10-25% already in 2014 and are at bottom of charts. It is a great time to buy. In a few months the price of coal will start going up and analysts will start upgrading.
    Feb 8, 2014. 11:02 AM | 4 Likes Like |Link to Comment