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Matthew Lewis

 
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  • Recent Events Show Challenges Facing Corning [View article]
    Even after the huge cuts in margins for the LCD business, the company is still insanely profitable and trades below tangible book value. With the amount of cash they have, they can really boost EPS by buying back shares. Heck, buying back shares under book will actually increase book value as well.
    May 22, 2012. 09:29 AM | 1 Like Like |Link to Comment
  • 3 Reasons To Consider Metlife [View article]
    Book value excluding AOCI is about $47. Subtract out the Goodwill you get to $38.
    May 22, 2012. 09:05 AM | Likes Like |Link to Comment
  • 3 Reasons To Consider Metlife [View article]
    Around $38 per share.
    May 21, 2012. 02:41 PM | Likes Like |Link to Comment
  • 3 Reasons To Consider Metlife [View article]
    You aren't calculating book value correctly either. Insurance companies should have book value calculated at BV excluding AOIC to better show hedged positions. The feds also will not allow them to increase the dividend or deploy repurchases until the get rid of their bank charter, which will happen within the next year.
    May 20, 2012. 11:32 PM | Likes Like |Link to Comment
  • Fed Regulation Of Non-Bank Financials Developing Very Poorly [View article]
    Great article. You clearly have done your homework on insurance companies. Curious on your "worst case regulation scenario" thoughts on MET. Even under much more restrictive regulation, its tough for me to justify their current valuation. I am long MET.
    May 20, 2012. 10:31 PM | Likes Like |Link to Comment
  • Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand.  [View news story]
    I'm advocating immediately flipping the stock if you can get in at the IPO price. Nothing more. PE ratio will be meaningless when that stock opens for trading.
    May 14, 2012. 06:26 PM | Likes Like |Link to Comment
  • Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand.  [View news story]
    You really think this won't spike at least 40% when it opens? Anyone who has the opportunity to buy at the IPO price absolutely should.
    May 14, 2012. 05:35 PM | Likes Like |Link to Comment
  • Facebook (FB) will likely boost its offering price range to $35-$40 tomorrow, a source tells CNNMoney's Maureen Farrell. The rumor comes shortly after Bloomberg claimed Facebook will stop taking IPO orders two days ahead of schedule, due to strong demand.  [View news story]
    So much for the low demand.
    May 14, 2012. 05:15 PM | Likes Like |Link to Comment
  • And now to the rescue: Chesapeake Energy (CHK) says it's gotten a $3B unsecured loan from Goldman Sachs and Jefferies Group, to be repaid from those 2012 asset sales.  [View news story]
    That premium is nuts....
    May 13, 2012. 05:15 PM | Likes Like |Link to Comment
  • And now to the rescue: Chesapeake Energy (CHK) says it's gotten a $3B unsecured loan from Goldman Sachs and Jefferies Group, to be repaid from those 2012 asset sales.  [View news story]
    An emergency $3 billion dollar senior loan on a Friday night at 8.5% interest rate and the equity holders are happy? Goldman knows what they are doing, that doesn't mean your equity will be worth anything at the end of the day though.
    May 12, 2012. 01:57 PM | 2 Likes Like |Link to Comment
  • Chesapeake Energy (CHK -13.9%) may have to delay some of the $14B in asset sales planned for this year because low natural gas prices may hurt its ability to comply with credit covenants, the company says in an SEC filing today. (more)  [View news story]
    There is nothing wrong with taking off hedges completely, as long as your balance sheet can handle the lower prices for an extended period of time. Taking off all of your hedges when you have as much debt as CHK has is horrible risk management. They don't hedge, they gamble.
    May 11, 2012. 07:47 PM | 1 Like Like |Link to Comment
  • Weakish demand for the Facebook (FB) IPO isn't a surprise for Minyanville's Conor Sen, who says the public markets are doing a great job sifting through new share offerings. The revenue growth isn't there, he tweets. If Facebook grows revenues at 20-25% in 2012, give it an 8X sales multiple and call it generous ... that's $40B.  [View news story]
    I just read its already oversubscribed....how is that weak demand?
    May 11, 2012. 12:09 AM | 2 Likes Like |Link to Comment
  • Sell in May... but come back in June? Tom McClellan has devised the Democratic Presidential Cycle Pattern, which considers stocks' performance during election years in which a Democrat is in office. The pattern, he says, suggests stocks are poised to bottom on Monday before rallying come June. "The S&P 500′s dance steps have been right on schedule."  [View news story]
    Data mining at its finest.
    May 9, 2012. 06:23 PM | Likes Like |Link to Comment
  • A sharp decline turns into a free-fall, WTI crude at $97.90/barrel, now more than $8 cheaper than it was about 72 hours ago. USO -4.3%. Previously moving solidly higher, gold reverses to turn slightly red at $1,634/oz. GLD -0.2%.  [View news story]
    Your local gas station will be forced to lower the prices...unless you believe that every gas station in your area is colluding.
    May 4, 2012. 11:52 PM | 1 Like Like |Link to Comment
  • Green Mountain's (GMCR) growth story is dead, says CNBC's Herb Greenberg. The company's CEO all but said so in its conference call, saying “After several quarters of robust adoption, we now expect a more moderated growth trajectory going forward for both Keurig brewer and K-Cup pack sales.” "Moderated growth trajectory going forward?" Those are definitely not words you want to hear from the CEO of a high-flying growth company. Shares -40.6% AH.  [View news story]
    If you think that GMCR has a good degree of brand loyalty you should absolutely buy the stock now. I'm not sure you can make a statement like that though because no other company has had a chance to enter the market because of the patent. The next 6 months will be interesting.
    May 3, 2012. 09:17 AM | 1 Like Like |Link to Comment
COMMENTS STATS
355 Comments
421 Likes