Phillips 66's (PSX) 238K bbl/day Bayway refinery in New Jersey could be shut for weeks due to heavy damage caused by salt water flooding, sources tell Reuters. PSX has said only that it will make a decision on when to reopen "once all assessments are complete." Hess (HES) also has given no indication of when its neighboring 70K bbl/day refinery and terminal in Port Reading might resume service. [View news story]
HES is the gas station of choice for many of the long islanders in Suffolk County. Within the last two days I've seen the same station sold out of gas each day and when it's not sold out there is a line 40 or 50 cars deep along the highway. No other gas station, not Mobil, Gulf or any no name brand even compares. Many people prefer Hess over its rivals because of the many branded stations refuse to charge different prices for cash and credit.
BofA's 14 stocks set to surge after Sandy: road and rail firms SWFT, KNX, JBHT, UNP and KSU on demand to transport raw materials; lumber stocks WY and LPX; YUM since restaurants "tend to open faster than consumers regain power"; energy firms VLO and HES unaffected by Sandy; NUE on steel demand; retailers HD and LOW; smart grid software maker ITRI. [View news story]
Being stuck on Long Island I can tell you that Hess is the trade over Valero. Every Hess station I've passed over the past 5 days has had a line of 30 or 40 cars long. They are one of the few stations that are not willing to nickel and dime their customers with different rates for cash and credit. For that very reason they have a loyal customer base that remains faithful to the company.
Ford (F) says it hasn't seen any impact on manufacturing capabilities from Hurricane Sandy with all plants operating normally. Similar to GM, the automaker notes sales could be affected by the massive storm but has no reasonable way to forecast the impact. [View news story]
Did you see the number of taxi's filled to the windows with water? Many of them looked like Crown Victoria's. I believe though that the Nissan Altima has been the car of choice for the yellow army, so maybe buy Nissan?
Monster Beverage (MNST) issues a statement that asserts neither the facts or the science support the allegations that its energy drinks contributed to the deaths of young drinkers. (Previous: MNST enticing at $41?) [View news story]
I promise you that the people who are going to stop consuming the beverage for fear that it might kill them, are not the people buying 1-2 cans a day. Sure, I'll give you that maybe next quarter sales may dip briefly, but one everything washes over they will re-emerge. Without sounding too callous, this is nothing more than a lawsuit that is looking to be settled out of court. The company is not at fault, period.
Monster Beverage (MNST -10.5%) looks enticing to opportunistic traders after shares fall off with the company targeted by a lawsuit and FDA investigation over deaths linked to consumption of its energy drink. The rationale is that lopping off over a billion dollars worth of the company's market cap could be a harsh reaction to what even the FDA considers unconfirmed allegations. As for tighter regulation of energy drinks, bulls note with Coca-Cola and PepsiCo lurking in the space, the issue could stay stuck in neutral. [View news story]
Buyout rumors were being tossed around carefree when the stock was trading north of 60. This stock is on clearance sale at a 33% discount at those levels. So why has no major player announced their acquisition intentions? It's too early. If KO swooped in now to pick up the company they would look insensitive and hurt their brand image. Once things have settled down a bit I full expect someone, whether it be a public company or private equity to come in and make the acquisition if prices remain depressed at these levels.
Monster Beverage (MNST -10.5%) looks enticing to opportunistic traders after shares fall off with the company targeted by a lawsuit and FDA investigation over deaths linked to consumption of its energy drink. The rationale is that lopping off over a billion dollars worth of the company's market cap could be a harsh reaction to what even the FDA considers unconfirmed allegations. As for tighter regulation of energy drinks, bulls note with Coca-Cola and PepsiCo lurking in the space, the issue could stay stuck in neutral. [View news story]
Parents are not buying these drinks for their kids directly. Kids go out to a local 7-11 or other convenience store and purchase them on their own accord. While I wish America still adhered to traditional values such as eating dinner as a family and kids always telling their parents what they are doing, truth is we're not in the stone age anymore. Whether we like it or not, kids are growing up faster, acting "more adult-like" even though the maturity might not be there. MNST sales are not going to be hurt drastically by these news reports. I am long June 13 45 Calls and will be adding to my position .
Monster Beverage (MNST) issues a statement that asserts neither the facts or the science support the allegations that its energy drinks contributed to the deaths of young drinkers. (Previous: MNST enticing at $41?) [View news story]
They don't need to defend themselves. They have disclaimers on their can, they make it clear that if you have any sort of health abnormalities than you should consult a doctor and/or avoid use. Sell off is way over done.
A lawsuit filed against Monster Beverage (MNST -13.2%) over the death of a teenager alleges (court filing .pdf) the two cans of the company's energy drink consumed by the girl contained 480 milligrams of caffeine. Though it's the equivalent of more than a dozen Coke soft drinks (caffeine database), short-term trading opportunists note it's only 60 milligrams more than one Starbucks Venti coffee. In a statement, Monster Beverage maintains it has safely sold over 8B energy drinks worldwide. [View news story]
Tomorrow = HUGE BUYING OPPORTUNITY!
MNST growth is phenomenal and at this price level presents itself as a good candidate to be the target of an acquisition.
Monster Beverage (MNST -9.7%) dives after incident reports released by the FDA cite the company's energy drink as a possible link in five separate deaths over the last few years. The agency doesn't draw any conclusions, but an increased focus on the sector seems likely. [View news story]
LEAP call options are going to be the best way to play this drop. Things may not look pretty in the short term, but just like a major oil spill for an oil company or a fast food company being sued for having hot coffee, this too shall pass.
In addition, the lower price makes this company an acquisition target, more so than before. Buying up this company at this level is going to provide tremendous growth potential. Settle out of court any possible lawsuits, if any, then change the formulas to reduce the caffeine levels, if necessary. Future problems averted and growth back on track!
Possible acquirers: KO (because of their horrible Full Throttle energy drink line) or BUD
A "quality-control crackdown" at Foxconn related to iPhone 5 (AAPL) scratches is making shortages worse, a source tells Bloomberg. The report meshes well with earlier reports of labor disturbances caused by workers unhappy with Foxconn's quality-control rules. Interviewed workers claim each step in the iPhone 5 production process brings with it the potential for scratches to its aluminum back. The iPhone 4 and 4S use glass casing rather than aluminum. [View news story]
Apple's iTouch 5th generation is being shipped to those that pre-ordered already. If there were serious supply issues then there is no doubt in my mind that AAPL would have delayed the iTouch so that demand could be met for the iPhone.
Coinstar (CSTR +1.5%) will jump into the coffee game with the its machines nearly set to dispense Seattle's Best Brand drinks. The company plans to test twelve different drinks with an ultimate aim to settle on seven. Priced at $1 to $2 a cup, Coinstar will have McDonald's and Dunkin' Brands beat on price - but will need to win over consumers on whether or not coffee dispensed from a DVD machine can be high on quality. [View news story]
When the Chinese markets open up to Apple, then, and only then I believe, will we have to start to worry about under-supply issues. The Chinese population is pretty segmented in terms of income, however those with the disposable income are sure to want an iPhone. What do you think, with 200M subscribers...another 20M in iPhone sales? 10%?
Phillips 66's (PSX) 238K bbl/day Bayway refinery in New Jersey could be shut for weeks due to heavy damage caused by salt water flooding, sources tell Reuters. PSX has said only that it will make a decision on when to reopen "once all assessments are complete." Hess (HES) also has given no indication of when its neighboring 70K bbl/day refinery and terminal in Port Reading might resume service. [View news story]
BofA's 14 stocks set to surge after Sandy: road and rail firms SWFT, KNX, JBHT, UNP and KSU on demand to transport raw materials; lumber stocks WY and LPX; YUM since restaurants "tend to open faster than consumers regain power"; energy firms VLO and HES unaffected by Sandy; NUE on steel demand; retailers HD and LOW; smart grid software maker ITRI. [View news story]
Ford (F) says it hasn't seen any impact on manufacturing capabilities from Hurricane Sandy with all plants operating normally. Similar to GM, the automaker notes sales could be affected by the massive storm but has no reasonable way to forecast the impact. [View news story]
Monster Beverage (MNST) issues a statement that asserts neither the facts or the science support the allegations that its energy drinks contributed to the deaths of young drinkers. (Previous: MNST enticing at $41?) [View news story]
Monster Beverage (MNST -10.5%) looks enticing to opportunistic traders after shares fall off with the company targeted by a lawsuit and FDA investigation over deaths linked to consumption of its energy drink. The rationale is that lopping off over a billion dollars worth of the company's market cap could be a harsh reaction to what even the FDA considers unconfirmed allegations. As for tighter regulation of energy drinks, bulls note with Coca-Cola and PepsiCo lurking in the space, the issue could stay stuck in neutral. [View news story]
Monster Beverage (MNST -10.5%) looks enticing to opportunistic traders after shares fall off with the company targeted by a lawsuit and FDA investigation over deaths linked to consumption of its energy drink. The rationale is that lopping off over a billion dollars worth of the company's market cap could be a harsh reaction to what even the FDA considers unconfirmed allegations. As for tighter regulation of energy drinks, bulls note with Coca-Cola and PepsiCo lurking in the space, the issue could stay stuck in neutral. [View news story]
Monster Beverage (MNST) issues a statement that asserts neither the facts or the science support the allegations that its energy drinks contributed to the deaths of young drinkers. (Previous: MNST enticing at $41?) [View news story]
A lawsuit filed against Monster Beverage (MNST -13.2%) over the death of a teenager alleges (court filing .pdf) the two cans of the company's energy drink consumed by the girl contained 480 milligrams of caffeine. Though it's the equivalent of more than a dozen Coke soft drinks (caffeine database), short-term trading opportunists note it's only 60 milligrams more than one Starbucks Venti coffee. In a statement, Monster Beverage maintains it has safely sold over 8B energy drinks worldwide. [View news story]
MNST growth is phenomenal and at this price level presents itself as a good candidate to be the target of an acquisition.
My suggestion, go long using LEAP call options.
Monster Beverage (MNST -9.7%) dives after incident reports released by the FDA cite the company's energy drink as a possible link in five separate deaths over the last few years. The agency doesn't draw any conclusions, but an increased focus on the sector seems likely. [View news story]
In addition, the lower price makes this company an acquisition target, more so than before. Buying up this company at this level is going to provide tremendous growth potential. Settle out of court any possible lawsuits, if any, then change the formulas to reduce the caffeine levels, if necessary. Future problems averted and growth back on track!
Possible acquirers: KO (because of their horrible Full Throttle energy drink line) or BUD
A "quality-control crackdown" at Foxconn related to iPhone 5 (AAPL) scratches is making shortages worse, a source tells Bloomberg. The report meshes well with earlier reports of labor disturbances caused by workers unhappy with Foxconn's quality-control rules. Interviewed workers claim each step in the iPhone 5 production process brings with it the potential for scratches to its aluminum back. The iPhone 4 and 4S use glass casing rather than aluminum. [View news story]
Are bells ringing? Apple (AAPL) is initiated a Neutral at Nomura. "We see little scope for upside." [View news story]
Coinstar (CSTR +1.5%) will jump into the coffee game with the its machines nearly set to dispense Seattle's Best Brand drinks. The company plans to test twelve different drinks with an ultimate aim to settle on seven. Priced at $1 to $2 a cup, Coinstar will have McDonald's and Dunkin' Brands beat on price - but will need to win over consumers on whether or not coffee dispensed from a DVD machine can be high on quality. [View news story]
IPhone 5 (AAPL) sales come in at "over 5M," well below expectations. (PR) AAPL -2.3% premarket. [View news story]
iTouch: Apple's Real Weapon [View article]
When the Chinese markets open up to Apple, then, and only then I believe, will we have to start to worry about under-supply issues. The Chinese population is pretty segmented in terms of income, however those with the disposable income are sure to want an iPhone. What do you think, with 200M subscribers...another 20M in iPhone sales? 10%?
iTouch: Apple's Real Weapon [View article]