The Best Part Of Growth For C&J Energy Services Is Over [View article]
I like your point on C&J being a potential acquisition target. This can possibly be the only surprise upside trigger for the stock in the near to medium-term.
The Best Part Of Growth For C&J Energy Services Is Over [View article]
Expanding overseas is still just a future plan and will take time to materialize (if it does). For now, it does not serve as an stock upside trigger or revenue upside trigger.
Casedhole is active in shale plays other than where C&J is present. Therefore, C&J can potentially try to leverage on the existing contacts to build new customer relations and term-contracts for their major revenue generator (hydraulic fracturing fleet). Again, this is a possibility and has still not translated into something substantial.
For now, the markets are more concerned about the status of the 4 fleets going off-contract in 2013 and early 2014. Negative news related to that can trigger some sharp downside.
Investors can therefore wait and watch the developments before reconsidering the stock.
Brookfield Property Partners Has Meaningful Upside Potential [View article]
Already the first quarter results have yielded an FFO of 0.31 per unit. On an annualized basis (considering the CMP of 20.89), the CMP/Annualized FFO would come to 16.8x.
I do expect incremental FFO from the recent acquisition, which would also discount a good outlook from relatively high growth markets.
Brookfield Property Partners Has Meaningful Upside Potential [View article]
Yes, Brookfield Infrastructure Partners (another spin-off) has done exceedingly well after the spin-off. It is very likely that BPY will repeat the performance. Quality assets will continue to create value.
Sterlite: A Strong Buy At Compelling Valuations [View article]
The debt according to latest filings is $14.4 billion. The net debt figure is stated in the article and I think that's where you might have got confused.
The total debt of $14.4 billion includes the Twin Star Mauritius Holdings Limited (TSMHL) - SPV holding the 38.7% stake in Cairn India with associated debt of $5.9bn, including the $4.7bn inter-company debt from Vedanta plc to TSMHL.
Gaslog: Stellar Growth Can Trigger Stock Upside [View article]
Yes, that's right. From a stock price perspective, you will witness more action in Gaslog than STNG. GasLog has the fleet in action with two solid counterparties.
I have ended my thesis saying that the initial time horizon for investment is 2-3 years.
Gaslog: Stellar Growth Can Trigger Stock Upside [View article]
As mentioned in the thesis, I am focused on the firm revenue inflow and given the fact that newbuilds deliveries are happening without delay, the revenue visibility is clear. Trading at just 12 times FY14 is not expensive.
Further, revenue visibility does not end in 2014. At the same time, I do expect further newbuilds after the current orders come into operation. Its a pretty steady growth trajectory (at least in the medium-term).
A Bear's Best Effort At Making A Case For The Bulls [View article]
Excellent Article...One of the most comprehensive essays I have read related to markets and economics...I hope people understand this and pay heed to the important graphs and their implications...
Market Rally A Function Of Liquidity And Speculation [View article]
Money velocity would measure the rate at which money is changing hands in the real economy. A low money velocity does not necessarily mean that liquidity is low for banks and financial institutions.
Banks, financial institutions and corporate are sitting on huge piles of cash and financial institutions find it relatively attractive to invest in risky assets for higher returns then to lend the money. Anyways, credit demand is low.
Therefore, the liquidity with financial institutions should not be confused with the money velocity.
Avoid Defensive Sectors For The Remainder Of 2013 [View article]
Well, it is not just about the 38% reporting. It will make more sense when you look at in sync with current valuations and expected earnings growth potential.
Eventually, no amount of money printing will prop up the markets. I am talking of a serious asset deflation. It might still be a while before that happens.
And that's why my recommendations never include any F&O trades. The markets can remain irrational longer then you can remain solvent. However, one can broadly guess the trend and lighten up on equity positions or buy equities based on the expected trend.
Of course, US corporate sector has been the driving factor for the economy. having said that, global weakness and some crowding out due to excessive government spending can have an impact on earnings in the near-term.
Also, I discussed in my last article that the deleveraging is yet to begin. I am speaking on a consolidated basis.
The Best Part Of Growth For C&J Energy Services Is Over [View article]
The Best Part Of Growth For C&J Energy Services Is Over [View article]
Casedhole is active in shale plays other than where C&J is present. Therefore, C&J can potentially try to leverage on the existing contacts to build new customer relations and term-contracts for their major revenue generator (hydraulic fracturing fleet). Again, this is a possibility and has still not translated into something substantial.
For now, the markets are more concerned about the status of the 4 fleets going off-contract in 2013 and early 2014. Negative news related to that can trigger some sharp downside.
Investors can therefore wait and watch the developments before reconsidering the stock.
Brookfield Property Partners Has Meaningful Upside Potential [View article]
Brookfield Property Partners Has Meaningful Upside Potential [View article]
I do expect incremental FFO from the recent acquisition, which would also discount a good outlook from relatively high growth markets.
Brookfield Property Partners Has Meaningful Upside Potential [View article]
Sterlite: A Strong Buy At Compelling Valuations [View article]
The net debt figure is stated in the article and I think that's where you might have got confused.
Debt - $14.4 billion
Cash - $7.7 billion
Net Debt - $6.6 billion
The total debt of $14.4 billion includes the Twin Star Mauritius Holdings Limited (TSMHL) - SPV holding the 38.7% stake in Cairn India with associated debt of $5.9bn, including the $4.7bn inter-company debt from Vedanta plc to TSMHL.
Gaslog: Stellar Growth Can Trigger Stock Upside [View article]
I have ended my thesis saying that the initial time horizon for investment is 2-3 years.
Gaslog: Stellar Growth Can Trigger Stock Upside [View article]
I think the stock price upside is not coming soon for STNG. Any views on its revenue visibility?
Gaslog: Stellar Growth Can Trigger Stock Upside [View article]
Further, revenue visibility does not end in 2014. At the same time, I do expect further newbuilds after the current orders come into operation. Its a pretty steady growth trajectory (at least in the medium-term).
A Bear's Best Effort At Making A Case For The Bulls [View article]
Market Rally A Function Of Liquidity And Speculation [View article]
Banks, financial institutions and corporate are sitting on huge piles of cash and financial institutions find it relatively attractive to invest in risky assets for higher returns then to lend the money. Anyways, credit demand is low.
Therefore, the liquidity with financial institutions should not be confused with the money velocity.
Avoid Defensive Sectors For The Remainder Of 2013 [View article]
Can The S&P 500 Decline By 40%? [View article]
Can The S&P 500 Decline By 40%? [View article]
Can The S&P 500 Decline By 40%? [View article]
Also, I discussed in my last article that the deleveraging is yet to begin. I am speaking on a consolidated basis.