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Matthew Lewis

 
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  • Noble, Seadrill sink as driller market continues to soften [View news story]
    DO times their capex spending perfectly.

    As many of these guys paid top dollar for new builds from 2011 - 2014, DO waits for the cycle downturn and gets high quality rigs at bargain prices. They have the best balance sheet around and will almost surely be able to buy distressed assets if pricing continues to weaken.
    Sep 15 03:55 PM | Likes Like |Link to Comment
  • The Forest Vs. The Trees Of The Offshore Drilling Industry [View article]
    ESV less levered than DO?
    Sep 14 09:00 PM | 1 Like Like |Link to Comment
  • Noble, Seadrill sink as driller market continues to soften [View news story]
    @ ckarabin
    NE and all the offshore drillers still have rigs under contract from higher dayrate environments. Belief is that as contracts expire they will be resigned at new lower rates which will reduce earnings going forward.
    Sep 12 03:33 PM | 3 Likes Like |Link to Comment
  • Noble, Seadrill sink as driller market continues to soften [View news story]
    Queue the "bifurcated market" comments by the Seadrill longs.

    Honest question - Is this 6th gen rig from Nobel comparable to Seadrills? If so, yikes....
    Sep 12 03:28 PM | 1 Like Like |Link to Comment
  • How Much Further Will Diamond Offshore Drilling Fall Before Finding Support? [View article]
    They won't hesitate to cut the dividend if earnings continue to deteriorate. I wouldn't own this just for the dividend.
    Sep 9 03:32 PM | 1 Like Like |Link to Comment
  • How Much Further Will Diamond Offshore Drilling Fall Before Finding Support? [View article]
    In progress rigs being constructed are accounted for in the PPE work-in-progress section of the balance sheet. Cash goes out the door and PPE goes up....book value won't change by simply taking delivery.
    Sep 9 03:19 PM | Likes Like |Link to Comment
  • How Much Further Will Diamond Offshore Drilling Fall Before Finding Support? [View article]
    Those 2008 rigs were bought at a large discount from another operator pre-delivery were they not? GAAP requires these to be carried initially at the lower of cost or market value. Does this affect a potential write down?

    Aren't most of the old rigs fully depreciated?

    You don't believe the market has already figured in some sort of write down into the current share price?
    Sep 9 12:16 PM | Likes Like |Link to Comment
  • Why I'm Still Not Buying Wal-Mart [View article]
    Agree.

    Many in this thread need to step back and look at how large and efficient Wal-Mart really is. Broken carts? A scanner that allows minor discounts on fruit? Most retailers would kill to have these as their biggest issues.
    Sep 8 09:37 PM | 1 Like Like |Link to Comment
  • Apple: A Record Quarter That Slightly Disappointed [View article]
    September. Mass production has already started.
    Jul 23 12:56 AM | 8 Likes Like |Link to Comment
  • IBM According To Warren Buffett's Annual Letters To Shareholders [View article]
    One of the best articles I've read on SA. Thorough research and well crafted. Congrats.
    Jul 16 09:48 PM | 23 Likes Like |Link to Comment
  • Aeropostale: A Potential Buyout On The Horizon [View article]
    Any new thoughts here after the quarter was reported? Still worth a look at a buyout?
    May 23 02:32 PM | Likes Like |Link to Comment
  • Micron Earnings Preview: Estimate Revisions Positive With 8% FCF Yield [View article]
    Selling short has the same effect as selling their own shares. Makes no sense.
    Mar 27 08:17 PM | 2 Likes Like |Link to Comment
  • Diamond Offshore: This A-Rated, High-Yielding Driller Will Shine Again [View article]
    Thanks for the article. Great research, I like the company a lot too. Keeping an eye on the low 40's as an entry point.
    Mar 12 12:29 PM | 1 Like Like |Link to Comment
  • Micron Technology: Not Too Long Until We See $30? [View article]
    I know very little about MU specifically.

    However, every MU focused SA article I read for the last 3 months is full of exuberant price targets ($30+ in a few months $40+ in a year) and earnings targets that are far above the estimates. These types of things make my contrarian radar go wild.

    Best of luck long or short.
    Mar 10 11:39 AM | Likes Like |Link to Comment
  • Micron Technology: Not Too Long Until We See $30? [View article]
    Yeesh. Everyone on this site acts like MU to $30 in months is a slam dunk.

    There are no sure things in investing fellas. Tread carefully.
    Mar 10 01:04 AM | Likes Like |Link to Comment
COMMENTS STATS
325 Comments
336 Likes