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Mike Maher  

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  • Beaten Down Chesapeake Energy Is A Great Value Buy With A Good Dividend [View article]
    I'd argue SA has no impact on the price of the stock 98% of the time. Most of these articles get about 4500 views over the course of several weeks, with the majority being retail investors. Not a market moving number of views or amount of investing money.
    Nov 27, 2012. 12:53 AM | 1 Like Like |Link to Comment
  • Catalysts Coming For Magnum Hunter Resources [View article]
    Thanks for the kind words Tom, glad you enjoyed the piece.
    Nov 26, 2012. 11:36 PM | 2 Likes Like |Link to Comment
  • Beaten Down Chesapeake Energy Is A Great Value Buy With A Good Dividend [View article]
    What city transit systems are converting to nat gas? Could you provide links to the press releases? Thanks.
    Nov 26, 2012. 09:39 PM | 1 Like Like |Link to Comment
  • It's a kitchen sink of initiatives agreed to by the Troika to help reduce Greece's debt load. Among them are buybacks of the country's debt, a return of profits booked by the ECB from its SMP purchases, a reduction in bailout program interest rates, and the outright deferral of some interest payments. Worried about frontrunning? Lagarde: "The less we talk about the debt buyback, the better we are with regard to pricing." [View news story]
    If Greece had a nickel for every time someone made an announcement about "bringing Greece's debt ratio to a sustainable path," the country wouldn't be broke. The bonds are already trading at 30% of face value, just default and get it over with.
    Nov 26, 2012. 09:30 PM | 5 Likes Like |Link to Comment
  • The crisis in Europe is garnering fresh attention as concerns over whether Greece would receive emergency aid to keep it financially afloat once again pushed it to the forefront over the weekend. Despite the late-breaking deal, Citigroup says Greece is still likely to dump the Euro completely before 2013 ends, and at least four others along the periphery will need to restructure their debt burdens as well. [View news story]
    Ireland is in better shape than Greece and Spain, they're much further along in dealing with things.
    Nov 26, 2012. 08:04 PM | Likes Like |Link to Comment
  • Catalysts Coming For Magnum Hunter Resources [View article]
    I think they'll get redeemed as soon as MHR is able to, and since I don't foresee a cash shortfall at the company, the preferred shares should be a pretty safe bet.
    Nov 26, 2012. 07:41 PM | 3 Likes Like |Link to Comment
  • Generac Holdings (GNRC) says it's withdrawing its secondary offering, which the company announced earlier today, due to poor market conditions. The stock cratered over 9% during the trading session on the back of the initial announcement of the secondary, and has declined by nearly 18% since peaking on November 5 in the wake of Hurricane Sandy. Shares +7% AH. [View news story]
    Insiders are trying to get out and can't because of market weakness, and the stock is up after hours?? Take a shot on the short side here, although I like the name long term.
    Nov 26, 2012. 07:11 PM | Likes Like |Link to Comment
  • Catalysts Coming For Magnum Hunter Resources [View article]
    Good, in my opinion Cramer attracts weak hands to stocks, people who don't read annual reports or listen to company's CEOs speak at conferences, and are hoping to buy a stock at $10 and sell it at $1000 the next week. Everyone following the stock should listen to some of the presentations on the website, Magnum Hunter's CEO does a great job conveying information at these industry presentations, and theres a lot more information listening to the webcast than just clicking through the power point slides.
    Nov 26, 2012. 07:02 PM | 3 Likes Like |Link to Comment
  • "It's my worst nightmare," says a long-only bond fund manager. "There's nothing I can do - the checks come in every day, and I have to invest (the money)." Aging baby boomers following conventional wisdom by steering their accounts away from stocks and to fixed income at these low rates could get a very expensive lesson, writes Jonathan Trugman. (see also[View news story]
    I'm not even a gold bug and I think holding cash is the worst idea in the world. Inflation is running at 2+%, how is cash a good idea?
    Nov 25, 2012. 11:28 PM | 1 Like Like |Link to Comment
  • ESPN (DIS) reaches a 12-year deal - supposedly in the area of $500M/year - to be the exclusive broadcaster for the college football playoff system set to begin in the 2014-15 season. Combined with previous deals garnering the Rose, Sugar, and Orange bowls, ESPN has the rights to the entire postseason arrangement. [View news story]
    82% 6 year graduation rate for all D1 athletes. Most of the schools in the BCS top 10 rankings cost under $25k/yr out of state, some (Texas A&M, Florida) are under 6K/yr in state. Assuming your 85 players on scholarship per year (the max in fb) at 40k/year in education costs, that "costs" the schools $3.4 million a year in player cost. Compare that with top schools pulling in upwards of $50 mil/year profit, coaches making 6 figures, the NCAA president making 6 figures, and ESPN CBS ABC all making millions. College Football isnt about an education, its about football, and anyone who tells you otherwise is either lying, or blind. Oregon and Stanford have each received hundreds of millions of dollars from Phil Knight to become relevant programs. Boone Pickens did the same thing of OK St. The UA founder has just started it in Maryland.
    Nov 24, 2012. 12:21 AM | Likes Like |Link to Comment
  • Natural gas inventories fell 38bcf last week, more than expectations for 23-27bcf. This just in: Natural gas is in a bull market (or at least a big bounce in a bear market), up another 0.9% today and about doubled from last spring's lows. UNG +1%[View news story]
    Why don't you post an article to SA about it? Its not an extra draw down, its the weekly draw down. Again, one week YoY does not make a trend. Your numbers are flawed, because they are based on a flawed hypothesis. Your delusional ideas that somehow we are going to go from record highs in storage to below 1000 bcf in storage, which is below the 5 year average, based on ONE WEEK of data, is absurd. This is why SA stopped publishing your work, because you ignore facts and make up numbers to support your long coal bias.
    Nov 22, 2012. 03:21 AM | Likes Like |Link to Comment
  • The all-too-brief, conciliatory effort to find some middle-ground over the "fiscal cliff" issue may be disappearing in Washington already. Stalemate appears to be re-emerging over a big obstacle. Team Obama wants a gargantuan $1.6T tax hike and to eliminate a number of tax deductions over the next ten years in an effort to boost revenue and finance a bigger government. Spending cuts don't even appear on the radar at this juncture, which could well be a deal-breaker. [View news story]
    Romney got 47% of the popular vote, so I dont see how you consider that a landslide.
    Nov 22, 2012. 03:13 AM | 1 Like Like |Link to Comment
  • The all-too-brief, conciliatory effort to find some middle-ground over the "fiscal cliff" issue may be disappearing in Washington already. Stalemate appears to be re-emerging over a big obstacle. Team Obama wants a gargantuan $1.6T tax hike and to eliminate a number of tax deductions over the next ten years in an effort to boost revenue and finance a bigger government. Spending cuts don't even appear on the radar at this juncture, which could well be a deal-breaker. [View news story]
    No one in Washington is actually working for the rest of the week, so anything out of DC til Monday probably isnt true, and doesn't matter. The facts are we need to broaden the base, get rid of the loopholes, and cut spending. Thats the only way this works, and the sooner everyone can understand that, the better. I'll again point people to the Barron's cover story 2 weeks ago, (to read the article google "Barrons Shock Treatment"), that points out letting the Bush tax cuts expire for everyone would raise $161 billion a year, and letting it only expire on incomes above $200k ($250 for married) would raise $66 billion. In fact, letting all the tax raises that the "fiscal cliff" has would raise $500 billion a year. Compare that to the trillion dollar deficit last year, and raising taxes only gets us halfway there. The US has overspent by over $4 trillion dollars in just the last 4 budgets, so how does raising $1.6 billion over ten years solve the problem? Blasting the rich was an election platform, not a tax policy, and anyone who can't see that isn't paying attention. Of course Obama ran on the "tax the rich" platform, thats because the rich are the minority of voters. The US could nationalize and sell off Apple, Exxon, and Walmart at current market caps and only close LAST YEARS budget. We can't tax our way out of this.

    Lets talk numbers, for once, not politics.
    Nov 21, 2012. 07:53 PM | 3 Likes Like |Link to Comment
  • Natural gas inventories fell 38bcf last week, more than expectations for 23-27bcf. This just in: Natural gas is in a bull market (or at least a big bounce in a bear market), up another 0.9% today and about doubled from last spring's lows. UNG +1%[View news story]
    A draw down in NG consumption can be related to an increase in the need for home heating, not necessarily the power sector. It does not mean that for every bcf draw down in NG needs to be replaced with coal consumption. In fact, an increase in NG draw downs signals more demand for NG, which could point to more switching from coal to NG, and thus a decrease in coal demand. The weekly numbers are only the storage numbers, its not meaningful to try to call a trend on one weekly number on a commodity whose demand is so closely related to the temperatures in the northeast.
    Nov 21, 2012. 03:21 PM | Likes Like |Link to Comment
  • Natural gas inventories fell 38bcf last week, more than expectations for 23-27bcf. This just in: Natural gas is in a bull market (or at least a big bounce in a bear market), up another 0.9% today and about doubled from last spring's lows. UNG +1%[View news story]
    Taking the difference in one week year over year and applying it to the next twenty weeks isnt an accurate means of forecasting. Also there are currently 3800 BCF in storage, so a drop of of 940 BCF in 20 weeks would mean storage would be at 2900 BCF in April, which is 50% higher than the 5 year average, according to the 4th chart on this EIA website.

    http://1.usa.gov/AguyqD
    Nov 21, 2012. 02:36 PM | 1 Like Like |Link to Comment
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