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Dan Naumov

 
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  • The Forest Vs. The Trees Of The Offshore Drilling Industry [View article]
    Differentiating factors are fleet age, safety records and balance sheets. I am long ESV because it's the least levered member of it's peer group, allowing it to better widthstand an industry downturn and potentially scoop up some competitors on the cheap if they get into real trouble.
    Sep 14 02:06 PM | 6 Likes Like |Link to Comment
  • It's the Charlie Munger show at Daily Journal annual meeting [View news story]
    Musk. I think he is trying to say that it's scary what you get when you combine very high intellect with absolutely outrageous passion, determination and perseverance.
    Sep 11 05:39 PM | 3 Likes Like |Link to Comment
  • Ensco: Some Perspective In Offshore Drilling Values [View article]
    There is no reason why offshore driller stocks woudln't get hammered even further in the mid-term as it's bound to get worse before it gets better, but I am happy being long ESV @ 47.50 with a yield-on-cost of roughly 6,3% and pretty much the best dividend coverage in the sector along with the best balance sheet.
    Sep 11 05:13 AM | Likes Like |Link to Comment
  • Ensco Looks Attractive At Current Levels [View article]
    I've been looking at Ensco and it does look reasonably attractive, BUT... why on Earth has the share count outstanding exploded so much since 2008?
    Sep 7 05:27 AM | Likes Like |Link to Comment
  • Use Ensco Plc To Build Income [View article]
    I've been looking at Ensco and it does look attractive, BUT... why on Earth has the share count outstanding exploded so much since 2008?
    Sep 7 05:27 AM | 2 Likes Like |Link to Comment
  • IBM: A Huge Debt Load [View article]
    Because of ZIRP.
    Aug 30 01:32 PM | Likes Like |Link to Comment
  • Safe Large-Cap Blue-Chip Dividend Champions For Your Retirement Portfolios: Part 2 [View article]
    Chuck, with the US market at all-time-highs, it's becoming harder and harder to find pockets of value in the US equity market (even though some obviously do exist). As many developed equity markets beyond the US border trade at significantly lower valuations, it would be really appreciated if you did an article (or 2) on the high-quality non-US-domiciled companies trading at attractive valuations.

    I know you've previously written about Canadian stocks, would you care to look at UK, Germany, Italy, Australia and maybe Japan?
    Aug 30 08:29 AM | 1 Like Like |Link to Comment
  • IBM: A Huge Debt Load [View article]
    In what alternate reality is this a "well done article"?

    The author managed to skip over the fact that most of IBM's debt is actually in/from it's financing arm how exactly? IBM could pretty much pay back it's "real debt" with 1 year worth of FCF.
    Aug 28 09:05 AM | 6 Likes Like |Link to Comment
  • Update: Seadrill Earnings Enhance Our Bull Case [View article]
    I wouldn't own AAPL either due to revenue concentration risk and extreme competitiveness of the market(s) they operate in.
    Aug 27 01:19 PM | Likes Like |Link to Comment
  • Update: Seadrill Earnings Enhance Our Bull Case [View article]
    I wish I had the stomach for holding a stock of a company that is walking the rope so tightly. So far, they've done it very well. Unfortunately, since I run a very concentrated portfolio, I am not sure I could sleep well at night owning a company that is so leveraged.
    Aug 27 12:52 PM | 1 Like Like |Link to Comment
  • Philip Morris International: The Dividend Stock To Buy In 2014 [View article]
    What about the global cigarette shipments going lower year after year after year?
    What about the debt and the impact of reduced share buybacks going forward?

    What about the ever-tightening screws on the tobacco industry as a whole? Sure, one can say that "no problem, this has been going on for many decades and big tobacco has done just fine regardless", but I would say that the news coming out in the past 5 years show a pretty drastically different operating landscape for big tobacco going forward compared to the past 20-30 years.
    Aug 24 03:58 PM | 11 Likes Like |Link to Comment
  • Revisiting Gazprom [View article]
    How exactly would buying more shares offset the share dilution?
    Aug 21 12:20 PM | Likes Like |Link to Comment
  • Revisiting Gazprom [View article]
    If you believe the shares to be currently undervalued (which would be the reason to buy/own/hold this stock in the first place), issuing more shares is very value-destructive for the shareholders.
    Aug 19 12:54 PM | Likes Like |Link to Comment
  • State Attorneys General Target E-Cigarettes, Which Philip Morris Hoped Would Transform The Industry [View article]
    You do realize that this entirely pulls the rug from under the thesis of your article, right?
    Aug 13 06:00 PM | 4 Likes Like |Link to Comment
  • State Attorneys General Target E-Cigarettes, Which Philip Morris Hoped Would Transform The Industry [View article]
    Outrageously misleading article. Philip Morris has ZERO sales in the US and as such, couldn't care less about what FDA does or does not decide.
    Aug 13 05:40 PM | 8 Likes Like |Link to Comment
COMMENTS STATS
334 Comments
411 Likes