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Daniel Radakovich  

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  • Chicago Bridge rockets in early trade [View news story]
    This 38% stake is false. Berkshire owns 9.9%. The Geico stake from morningstar is from 2013, not updated.

    Berkshire also updated their 13G, have a look. If you need help reading one of those, compare it with IBM's or John Deere's.
    Feb 25, 2015. 08:41 PM | Likes Like |Link to Comment
  • Chicago Bridge & Iron Reports Strong Q4 Results And 2015 Guidance [View article]
    Goldman had a bearish piece about LNG projects, of which are significant projects for CB&I. Not saying they are right, didn't even bother reading into it, just that's where some of the fear came from.
    Feb 25, 2015. 08:37 PM | 4 Likes Like |Link to Comment
  • U.S. Steel Is One Of The Few Bargains Left In This Market [View article]
    Cheap for a reason.
    Feb 25, 2015. 08:32 PM | 4 Likes Like |Link to Comment
  • Chicago Bridge & Iron beats by $0.03, misses on revenue [View news story]
    Revenue miss means absolutely nothing. Backlog, revenue, and cash flow are all timing issues that over the year, or sometimes years, flows through
    Feb 25, 2015. 12:09 AM | 1 Like Like |Link to Comment
  • Chicago Bridge & Iron beats by $0.03, misses on revenue [View news story]
    "But no point chasing if no position already" Forgot the "No"

    Bobcat, I know the feeling, but I already put over 15% of my portfolio in CBI.
    Feb 25, 2015. 12:08 AM | Likes Like |Link to Comment
  • Chicago Bridge & Iron beats by $0.03, misses on revenue [View news story]
    LTI,

    Google the balance sheet questions, compare with other E&C companies.
    Feb 25, 2015. 12:06 AM | 1 Like Like |Link to Comment
  • DGI Portfolio Update - Being Patient Is Frustrating To New Investors [View article]
    You're afraid of oil yet you own Exxon? Maybe you should buy a Dividend ETF of like 20-30 stocks, sit back and relax.
    Feb 25, 2015. 12:04 AM | Likes Like |Link to Comment
  • Chicago Bridge & Iron beats by $0.03, misses on revenue [View news story]
    We said that last time it dropped below $45 and were able to buy at $33-$37. Never know. But point chasing if no position already.
    Feb 24, 2015. 07:55 PM | 1 Like Like |Link to Comment
  • Buybacks, Buffett, And Cloud Peak Energy [View article]
    I don't think they need too with their asset base and production growth ( additional longwalls will cost between $240-450m) and add substantial growth in production while keeping costs down.

    I think they may be better than Alliance Resources Partners due to productivity, growth outlook, and management of company. Alliance will likely pick up assets in a distressed environment to expand production to other coal regions to offset natural gas exposure.
    Feb 23, 2015. 09:38 PM | Likes Like |Link to Comment
  • Buybacks, Buffett, And Cloud Peak Energy [View article]
    Foresight has about 130m units outstanding (subordinated units get convereted to common units in a few years or by 150% of min distribution).

    Foresight is a MLP. Enterprise value of units is about $2.2B with $1.3B of debt.

    Production is adjusted currently max capacity is 37m, production around 22-24m a year.

    Cash costs around $21 a ton and sells coal around $50 a ton.

    Read the prospectus, then the 10k when it comes out.

    Very underfollowed, and generates strong cashflow.
    Feb 23, 2015. 09:35 PM | Likes Like |Link to Comment
  • Will Penn West Survive The Free Fall In Oil Prices? I Think So [View article]
    Suncor is down 12 %, Penn West is down 50% since October.

    What went wrong? Isn't honest and able management necessary along with capital discipline in the oil and gas industry?
    Feb 23, 2015. 09:31 PM | 1 Like Like |Link to Comment
  • Will Penn West Survive The Free Fall In Oil Prices? I Think So [View article]
    "It'll come back, it always does." -Anonymous
    Feb 23, 2015. 12:19 AM | Likes Like |Link to Comment
  • Will Penn West Survive The Free Fall In Oil Prices? I Think So [View article]
    Penn West down 50%, Suncor down 12% since mid October.

    I think capital allocation and honest, able management are very rare and important in the oil & gas industry. As proven by respective companies' earnings and outlook.
    Feb 23, 2015. 12:13 AM | 2 Likes Like |Link to Comment
  • Buybacks, Buffett, And Cloud Peak Energy [View article]
    What rate would you refinance a coal company that has cash flow issues, albeit slightly positive? If you were a bank.

    The reason I ask, sure they could put it on their credit revolver, but then that eats up liquidity in the future.

    Then if liquidity is not an issue, what kind of returns do you expect Cloud Peak to earn? As you mentioned Buffett, his partner, Munger, has always expressed that a low return business, over long term will earn a low return, regardless of price paid. That's why they seek to buy high return businesses, high return on capital, say 18%, over a long time, at a fair price, will deliver fantastic results for shareholders. It's hard to argue buying Cloud Peak when you have to assume coal prices rise, their returns increase substantially, and no more competition or government regulation/EPA eats into profit margins. You'd think a more valuable company would be on that say supplied the shovels, parts, or maintenance to keep the mines running because they can control their costs and expand their customer base with new products, higher margins, and have price flexibility because its a small piece of the pie in terms of their customer's annual budget. These are reasons why I looked hard at coal companies, but because they are dependent on one commodity, of which when depressed ruins the business returns over several years, theres too much risk that the company, either directly or indirectly (as mentioned through 2011 acquisitions) will destroy value. I know Foresight Energy is probably the one I would look at before cloud peak. Especially if you know the history behind the company.
    Feb 22, 2015. 11:01 PM | Likes Like |Link to Comment
  • The Importance Of Diversification: Year One Of My DGI Journey, Part 2 [View article]
    Using statistics, you are very well diversified from just owning 30 stocks. It doesn't change much at all going from 30 to 50 to 100+.
    Feb 22, 2015. 10:59 PM | Likes Like |Link to Comment
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