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Charles A. Smith  

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  • GE downgraded at Moody's; shares now up 4.5% [View news story]
    So ironic. In the fall of 2008, every major financial institution WANTED access to the Fed lending window (Goldman and Morgan Stanley pleaded for weeks before finally getting it). Now the SIFI designation is like leprosy. Only question is when the wheel will turn again.
    Apr 10, 2015. 09:57 AM | 1 Like Like |Link to Comment
  • GE downgraded at Moody's; shares now up 4.5% [View news story]
    Surprised the downgrade wasn't bigger...the implicit Federal backing is now gone. One TBTF bank gone, a half-dozen to go.
    Apr 10, 2015. 07:45 AM | 2 Likes Like |Link to Comment
  • Report: Intel partly replacing Qualcomm as iPhone modem supplier [View news story]
    Amazing how often AAPL swaps out suppliers for parts with order counts in the millions. No allegiances, no "frenemies", just a willingness to grind the entire vendor base to dust in service of the bottom line.
    Mar 11, 2015. 03:26 PM | 1 Like Like |Link to Comment
  • Illegal Products Could Spell Big Trouble At Lumber Liquidators [View article]
    Keynes said markets can remain irrational longer than you can remain solvent. Classic case here.
    Mar 4, 2015. 01:36 PM | Likes Like |Link to Comment
  • Sprint Is Slaying The Oligopoly: Verizon And AT&T Should Be Concerned [View article]
    Only one thing matters for S, which you never mentioned: How long will SoftBank be willing to fund losses?
    Mar 3, 2015. 04:27 PM | Likes Like |Link to Comment
  • Verizon in no rush to buy more spectrum [View news story]
    "Incapacity to mount such reveals a lot about Sprints condition - survival or acquisition?"

    Softbank seemingly has a lot more dry powder to invest, no? Why aren't they?
    Feb 17, 2015. 10:58 AM | Likes Like |Link to Comment
  • Headwaters Sending Better Results Downstream [View article]
    Very good summary, as always. I noted this past week that the construction materials sub sector was one of the best performers in the entire market. Martin Marietta Materials and Vulcan Materials were up 23% and 7%, respectively. Maybe some of this will rub off on our little fly ash company!
    Feb 14, 2015. 12:19 PM | 2 Likes Like |Link to Comment
  • Update: Synchrony Earnings Beat, Benefiting From Low Gas Prices And Strong US Economy [View article]
    Anthony,

    Is there any chance SYF could bid for the Costco account just lost by Amex? Seems like a huge stretch for them, but who knows.
    Feb 13, 2015. 02:55 PM | Likes Like |Link to Comment
  • Honeywell Appears To Have A Lot To Offer [View article]
    Re potential acquisitions, HON could "tuck in" IIVI for $1.5 billion or so. Some nice fits in performance materials for aerospace and other manufacturing applications. Argument against is that HON might not be able to exploit the full depth of IIVI's manufacturing expertise, but it would further diversify their PMT segment.
    Jan 31, 2015. 10:30 AM | Likes Like |Link to Comment
  • Kinder Morgan Inc.'s Gutsy Move Into The Bakken [View article]
    "It really isn't about whether well lives are short or long. It's about what it costs to drill a "step-out well" in a proven basin. It doesn't cost as much to drill a shallow well if you know the oil is there and you can drill directionally off the same pads. I gather the underlying reserves are huge. It could be the production will just stabilize until prices rise and more drilling rigs are used. No one seems to be analyzing future production but KMI must have."

    Bingo! Analysis is right on.
    Jan 25, 2015. 11:33 AM | Likes Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    "How long will these fields produce?"

    Seems to me the connections to Cushing (and thru to Houston & the GOM) are what matters, particularly given the dynamic nature of shale exploitation techniques. Just look at how much more productive each rig is today vs. 20 (or even 5!) years ago due to multiple and longer laterals from the same well pad, refracs, etc.. As both the geology and drilling techniques continue to improve, Bakken will be productive for quite a long time. That said, RK paid a full price.
    Jan 25, 2015. 10:41 AM | 1 Like Like |Link to Comment
  • SolarCity: Cash That Check While You Can [View article]
    Ha! No conspiracy here. The fact is that the entire solar industry would not exist without $ billions in taxpayer subsidies, which happen to be about to expire, one of the reasons firms like SCTY are pushing so hard to get business done ahead of the phaseout. Also, their business model is at least partly built on NPVs estimated with price escalators/discount rates lower than those applied to the existing utility competition. If APS and others can make the case that their prices will not rise at rates anywhere near 4% annually, and then follow through on it, let them. It's called competition. The simple point that PaulTD was making is that there is much confusion on the part of potential retail leaseholders with regard to the real long term value of these leases. SCTY has made their case. There is another side to the story, even if it has to be told by the Koch brothers.
    Jan 24, 2015. 11:23 AM | Likes Like |Link to Comment
  • SolarCity: Cash That Check While You Can [View article]
    PaulTD, thanks for the most useful comment on the whole thread.
    Jan 24, 2015. 09:50 AM | 2 Likes Like |Link to Comment
  • SolarCity: Cash That Check While You Can [View article]
    Here are 650 "scientists" who disagree:

    http://1.usa.gov/1zE9J33
    Jan 23, 2015. 04:18 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Buys Harold Hamm's Hiland Partners - Should Continental Have Benefited? [View article]
    Josh, in either case (HND or CLR), if you think its a real "risk" (actually an opportunity), then buy more shares! What is so complicated here? As I said above, watch what management does and make your best judgement. If Goldberg or Blackstone are selling LQ at $19 or $20 today, but begin to buy at $8 or $10 a year from now after the business has crashed, take the hint and place your bets accordingly. The risk is ALWAYS in the price.
    Jan 23, 2015. 02:26 PM | Likes Like |Link to Comment
COMMENTS STATS
1,142 Comments
2,276 Likes