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Matthew Smith  

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  • 5 Commodity Stocks Moving On News [View article]
    The bull case is that there is value here, which it has been the whole time we have stated we thought readers should initiate a position. The situation is that either management creates the value themselves or some other company will come around and create the value for them.

    Priced above the price of the reserves. Alright, first did you subtract the net cash position out of the market cap? How about the shares that the company retired via their tender? What reserve numbers are you using and what is your price for the value of them? My back of the envelope math says that does not work just on the reserve numbers I had and using the current price of gold minus their cash costs. Keep in mind they are going to be upgrading resource estimates and everything will be moving 'up the ladder' so to speak. So if that is your metric in the near future you might need another one to back up the thesis.

    This and Yamana Gold are the favorites among the bigger names right now, and you are not saying to be bearish just that there are better plays out there. Ok. But full disclosure for everyone you did just write a bearish article on AUQ last week.
    Feb 4, 2013. 08:56 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Thanks for the post.
    Feb 4, 2013. 04:06 PM | Likes Like |Link to Comment
  • 5 Commodity Stocks Moving On News [View article]
    Well this is a daily along with another I do. Used to alter the names a bit daily but some readers found it confusing to find the commentary each morning. Do you find it confusing this way or just curious?
    Feb 4, 2013. 04:03 PM | Likes Like |Link to Comment
  • 5 Commodity Stocks Moving On News [View article]
    Yep. That about sums it up...
    Feb 4, 2013. 10:37 AM | 2 Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Ha! Russian...kind of says it all right there. Thanks for posting!
    Feb 2, 2013. 04:35 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    The Chinese sure love to gamble. That's for sure. Just not sure which they like more amongst their vices, smoking or betting! Both growth industries there though, right?
    Feb 1, 2013. 04:44 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Saw the news on the Japanese inspectors, but did not see the satellite news. Was it a test rocket or delivering a payload into orbit that was an actual functioning satellite? Surely it was insured but from a reputational standpoint was it theirs or one being launched for a client? (assuming it wasn't a tester with a dummy mount)
    Feb 1, 2013. 04:42 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Bankruptcy providing more for shareholders than this offer. Please. Hardly fact. Assets rarely sell at a premium in bankruptcy and if it was as easy as you say regarding the simple sale of the assets and just pay off the debt, then please believe that a private equity group would already have bought this and sliced and diced it into the pieces that other players wanted to buy. I like the story, but I refuse to look at the situation with rose colored glasses. It simply is what it is.
    Feb 1, 2013. 12:24 AM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    That's a pretty distorted view of the situation. If that were true then when there were liquidity concerns CLWR should never have fallen below a buck, and further what the heck is the stock doing slumming it at these levels?!?!
    Jan 31, 2013. 05:11 AM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    So you are talking stock market price, not asset fair market price. Alright, fair enough. However keep in mind that DISH can't buy all of CLWR because Sprint would block it, thus it is not necessarily a fair guide to market value, especially considering it is not necessarily a deal to buy the WHOLE company. They did offer a premium, and that is after the stock rose on rumors that an offer was coming. The premium has already been factored in and the structure of the DISH deal is indicative of their not being 100% serious about buying the whole thing. That is what CLWR bulls do not get. Amazing that some thing fair market is a price that not even AT&T or Verizon could afford. Oh really?!?!
    Jan 30, 2013. 08:50 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    And what is market value? The Dish deal is not the same as the Sprint deal necessarily. It's apples to oranges...difference is Sprint can swing their deal and Dish cannot. dish knows it too, so they are attempting to thwart the Sprint deal in order to pick up some pieces on the cheap. Certainty deserves a discount, In my humble opinion.
    Jan 30, 2013. 03:48 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    No company would want hem to raise cash! Think Pfizer or J&J needs $55 miillion?!?!
    Jan 30, 2013. 01:23 PM | Likes Like |Link to Comment
  • Today's Market News To Trade On: 5 Stocks Moving On News [View article]
    Well the only real takeover deal for CLWR shareholders is the Sprint deal...the DISH deal isn't necessarily a full-fledged merger....they just want to raid the company for their best assets and not have to worry about the liabilities!
    Jan 30, 2013. 01:21 PM | Likes Like |Link to Comment
  • 5 Commodity Stocks Moving On News [View article]
    Since the shares were hammered on production issues we have been bullish based on the thesis that the underlying assets were worth more than the company was given credit for. The thought was that they either turned around operations or somebody would buy them out and turn it around for them. The asset sale proved that there was value here and bought management some time, but our thinking is still that there is room for improvement and if not the company is a takeover target.
    Jan 30, 2013. 05:21 AM | Likes Like |Link to Comment
  • 5 Commodity Stocks Moving On News [View article]
    Yes, in regards to GPOR, it had a new all-time high today. Still looking strong and the results continue to surprise me. Just hoping they have the midstream issues all under control and do not let that become a problem in the future.

    Congratulations in the DVN upswing. Always nice to get a bump up in the short-term after having recently purchased shares!
    Jan 29, 2013. 06:51 PM | Likes Like |Link to Comment
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