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Daniel Radakovich  

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  • Fluor: Industrial Construction Company Getting Rave Reviews [View article]
    Well, I would argue CBI's return on capital will surely benefit going forward and the bear case for fixed cost projects is highly unlikely and should greatly offset cost-plus contracts used throughout the recession, which are stuck being lower margin. Higher margin projects and direct hire labor contracts are well adjusted for future labor inflation, management of both Fluror and CBI do good job of making these long term adjustments when entering into contracts. The weighted average capital cost also seems wrong and I'm not sure that represents a true source of capital used by these businesses. I would suggest digging a little deeper and understanding the cash flow model of these businesses as well.
    Nov 23, 2014. 08:56 PM | Likes Like |Link to Comment
  • Suncor Is A Buy, Especially With Energy East On The Horizon [View article]
    Thanks for the article. As you probably are fully aware, the oil sands & exploration business provide significant cash flow with higher Brent prices and are able to withstand lower oil prices as well. Growth in production is more conserved, Wall Street and other oil and gas investors usually focus too hard on growth in production and earnings, and ignore more disciplined and long term views of capital allocation that may take a while to bear fruit. Suncor isn't letting the cash build up and up or just raising the dividend, they are just pursuing high quality, high reward projects with moderate and responsible risks and of course they are doubling down by buying back their own shares because the market is discounting this conservative strategy. I recently made that discussion in more detail here http://seekingalpha.co...
    Nov 21, 2014. 11:57 PM | 2 Likes Like |Link to Comment
  • Suncor Energy: A True Value Investment Opportunity [View article]
    Management has said in the future, and likely when they believe their shares are more fully valued, they will focus more on the dividend, but as it stands today, it is likely more weighted towards repurchases than dividends. The yield or dividend payout will increase if earnings and cash flow increases over the next 5+ years barring and fundamental change in the business.
    Nov 21, 2014. 02:06 PM | 1 Like Like |Link to Comment
  • Suncor Energy: A True Value Investment Opportunity [View article]
    That's not true, please re-read the article and the 10-ks of Suncor.
    Nov 21, 2014. 10:40 AM | 2 Likes Like |Link to Comment
  • Berkshire Bought Deere: Should You, Too? [View article]
    Well, I have discussed this with Bluepac quite heavily, there is one advantage to being an individual shareholder. If we believe it is going to get cheaper, what's the rush? There are a few great companies out there, and if we can be patient, then time will be on our side. I just wonder if the consensus about Cat, and Deere, are wrong about the down cycle due to favorable economic tailwinds that may disappear like subsidized farming equipment, low interest rates, and robust refresh cycles. . .
    Nov 19, 2014. 10:44 PM | Likes Like |Link to Comment
  • Berkshire Bought Deere: Should You, Too? [View article]
    You can't say it is cheap based on P/E when earnings for next year may be $6 a share, in essence, Deere is at a low P/E ratio because the market expects earnings to decline, as does Deere, and if it surprises to the down side, that P/E ratio can decline even more.
    Nov 18, 2014. 07:19 PM | Likes Like |Link to Comment
  • Berkshire Bought Deere: Should You, Too? [View article]
    Buffett on Charlie Rose said Deere wasn't his investment...
    Nov 17, 2014. 11:07 AM | Likes Like |Link to Comment
  • Q&A With Guy Spier Of Aquamarine Capital [View article]
    Definitely a great book and an excellent read.
    Nov 14, 2014. 10:59 PM | 1 Like Like |Link to Comment
  • Berkshire ups GM stake, exits Deere, buys into Express Scripts [View news story]
    It's a registered listing in New York, it would be posted, but since it declined after quarter end, I wouldn't expect anything for another 3 months, which by then, who knows. Posco for instance was bought on the Korean exchange and isn't listed, but Sanofi is because it is an ADR listing.
    Nov 14, 2014. 07:30 PM | Likes Like |Link to Comment
  • Berkshire ups GM stake, exits Deere, buys into Express Scripts [View news story]
    It'd be of benefit to do your own research, you'd be surprised what you can find.
    Nov 14, 2014. 07:26 PM | 1 Like Like |Link to Comment
  • Contributor Call: Short John Deere, Says BluePac's Chris Sommers [View article]
    Berkshire Hathaway is out of the picture, only had 4 million shares, but now 0.
    Nov 14, 2014. 06:18 PM | 1 Like Like |Link to Comment
  • Do You Have The Patience To Be A Successful Value Investor? [View article]
    Do you??
    Nov 7, 2014. 07:03 PM | Likes Like |Link to Comment
  • What Happened To The Dividend Growth Investor Who Didn't Cut And Run [View article]
    What's wrong with that?
    Nov 5, 2014. 11:54 AM | 1 Like Like |Link to Comment
  • What Happened To The Dividend Growth Investor Who Didn't Cut And Run [View article]
    Wells Fargo doubled its business. However, many other financial companies have had greater returns because of the quick rebound of the U.S. economy. Buying UBS, Wells Fargo, M&T were hedges against a slow rebound or continued slump.
    Nov 5, 2014. 11:54 AM | Likes Like |Link to Comment
  • IBM: Value Stock Or Dead Money? [View article]
    ...yea they did on CNBC...continued "reorganization"
    Oct 29, 2014. 08:54 PM | Likes Like |Link to Comment
COMMENTS STATS
810 Comments
581 Likes