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Mike Fleenor  

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  • Rig Your Returns With Transocean [View article]
    Very good point Nicholas. Both drillers can succeed, but I am absolutely with you. Transocean is the "best of breed" by a long shot. RIG is the Mercedes, SDRL is the Camry.
    Jan 27, 2014. 08:41 PM | 1 Like Like |Link to Comment
  • Have Cash Ready For 4 Upcoming Buying Opportunities [View article]
    Nice article. I tend to disagree with Spoiled brat. The Obama administration believes that there needs to be a strike in Syria in response to the use of chemical weapons. But the administration has no interest in beginning some drawn out protracted war. Past strikes have lasted a couple of days or a week at most. AT present the Congress doesn't want any strikes at all. They may ultimately authorize (even though Obama can clearly act with out authorization) a limited strike. Neither side wants anything that will last more than a few days.

    Therefore I doubt very seriously that the market go down for "a few months at best." My bet is that the market would go down a few days at most.

    Other events, such as the battle over the debt ceiling and budget are more likely to result in more long term down trends.
    Sep 8, 2013. 06:45 PM | 3 Likes Like |Link to Comment
  • BP - A Unique Value Play [View article]
    Look at Yahoo Finance. It is currently showing a P/E of 5.08 on earnings of 8.23/share. As for you doc, I doubt very seriously that the dividend will be cut. In fact when the litigation is finally settled, the stock should gain 10 points or more in the following 3-6 months.
    Aug 6, 2013. 11:38 AM | 4 Likes Like |Link to Comment
  • A Portfolio For A Young, Aggressive Investor [View article]
    I agree that we all need a CORE to our portfolio that allows us all, even young aggressive investors, to sleep well at night. I wrote about this previously in Good article overall. Check out ZIOP as a speculative bet.
    Mar 10, 2013. 04:57 PM | Likes Like |Link to Comment
  • Equties Will Rise: 6 Solid Stock Alternatives To The SPY [View article]
    Nice article and I agree whole heartedly about BP - my largest holding. I really can not determine the reason for it's low valuation other than the belief that there still remains significant litigation risk, an issue I wrote about last summer in .My calculation has BP around $60 within 18 months or so.
    Feb 9, 2013. 09:06 PM | Likes Like |Link to Comment
  • The Best Asset Class You May Not Be In [View article]
    Last June I recommended PCL at a price of $38/share. It has risen considerably since then. Although the dividend yield has dropped since that time with the increase in price per share, PCL may still be a good long term investment. Don't get too caught up in the high P/E ratio as Bruce states above, FFO may be a better tool to analyze a timber REIT.
    Jan 20, 2013. 12:05 PM | 3 Likes Like |Link to Comment
  • Revisiting The Dogs Of The Dow [View article]
    Fortunately I just sold IBM at 210.07 on October 3 before its over 20 point drop and still find it to be overvalued at its current price of 188. I might get back in around 175-180.
    Nov 12, 2012. 12:20 PM | Likes Like |Link to Comment
  • BP: Buy Now At A 50% Discount [View article]
    Excellent article and for those concerned about BP's litigation exposure, see my previous article at:
    Sep 11, 2012. 08:36 AM | Likes Like |Link to Comment
  • Wells Fargo: The No. 1 Financial Stock To Buy Now [View article]
    I was a Wachovia account holder and stock holder for many many years. When the financial crisis hit, I mistakenly bought WB all the way down. But before Citi bought it out around 3/share, Wells came in with a slightly higher bid around $5/share and made what will perhaps be the buy of the decade. I remember trying to figure out the value of just the real estate for the 3000+ branches and it worked out to somewhere around $15/share. Excellent article - Great Bank.
    Jun 11, 2012. 04:38 PM | 2 Likes Like |Link to Comment
  • Litigation Risk Not So Risky For Smart Investors [View article]
    Thanks BH. I was first attracted to BP by the low P/E and the high dividend. While all of the integrated oils have generally low P/Es, at least significantly lower than the S&P500, a P/E of 5 in a major blue chip is almost unheard of. Combine that with a dividend over 5% and I really don't see how one can go wrong establishing a long position. Once news of a settlement is made, even if it is a little more than BP wants to pay, say 17 to 20 Billion, the stock should take off to the mid 40s or higher.
    Jun 11, 2012. 03:36 PM | Likes Like |Link to Comment