Seeking Alpha

Mike Maher

 
View as an RSS Feed
View Mike Maher's Comments BY TICKER:
Latest  |  Highest rated
  • Federal Reserve green lights resubmitted BofA capital plan [View news story]
    Would have rather seen them keep the buyback and put the dividend on hold, but it's better than a rejection of both.
    Aug 6 09:55 AM | Likes Like |Link to Comment
  • Feds reject "living wills" of 11 major lenders [View news story]
    News flash: If one of the largest banks in the country fails, there is going to be a negative effect on the economy. There's no way around it. You can cut down on risk, and add to capital buffers, but if a bank fails, its going to need support, either from the taxpayer or other institutions. 200 years of banking history tells us this. Just next time don't let the CEO's and BoD's all keep their jobs and lets move on.
    Aug 6 09:05 AM | 7 Likes Like |Link to Comment
  • Marcellus natural gas production hits record high exceeding 15B cf/day [View news story]
    The best Marcellus/Utica wells have break even costs around $1, so there's a long way to push costs down. Also drillers need to drill land to hold acreage, so some may drill unprofitable wells just to avoid losing the leases.
    Aug 5 09:59 PM | Likes Like |Link to Comment
  • Massive Pipeline Expansion Phase Underway In Marcellus [View article]
    Awesome I'll check it out. Thanks!
    Jul 31 03:47 PM | 1 Like Like |Link to Comment
  • Massive Pipeline Expansion Phase Underway In Marcellus [View article]
    I've seen estimates from comapanies in both regions saying that they are roughly the same in terms of extraction cost, its the transportation costs that are going to be the difference. Western Canada gas is probably best served going to a west coast LNG plant for export, while the Marcellus is close enough to the Northeast that it should be piped there. Just my 2 cents.
    Jul 31 10:47 AM | Likes Like |Link to Comment
  • Natural Gas rises on inventory data [View news story]
    Surprised it was below consensus, its been mild here - I thought it'd be above 100 again. Maybe prices have dropped enough that utilities are fuel switching a bit?
    Jul 31 10:43 AM | 1 Like Like |Link to Comment
  • Tesla Motors confirms Gigafactory deal with Panasonic [View news story]
    That explanation of Forward-Looking Statements is at the bottom of every press release that has forward looking statements. Its boilerplate legal stuff.
    Jul 31 09:27 AM | 10 Likes Like |Link to Comment
  • Stability And Growth Of Hanger's Cash Flows Provide For A Sound Investment [View article]
    Didnt realize you walked through everything in the comment above, so sorry about asking if the 3.14 was after tax. I guess its just a matter of the methodology being right, but the the end number not passing the smell test to me. Best part of valuation is everyone has an opinion!

    Call buyers in the name today, someone things its going higher.
    Jul 30 11:19 PM | 1 Like Like |Link to Comment
  • Stability And Growth Of Hanger's Cash Flows Provide For A Sound Investment [View article]
    The cost of debt might be too low - unless that's already the debt rate after the tax shield. If its not, you should calculate the tax savings from being able to subtract interest payments on the debt to lower your taxable income (tax shield). Also Damodaran shows Healthcare cost of capital between 6.79 and 7.8. That table is here:

    http://bit.ly/w4jRpw~adamodar/New_Home_Pag...

    I agree that the 6.18% looks low, but thats because to me the 3.14% is waaay too low, but I'm not sure if they own any of their buildings, or how stable the income is, etc. Debt rates won't stay this low forever, so I'd raise that to reflect a longer term, normalized debt rate.

    In any event, interesting stuff.
    Jul 30 09:58 PM | 1 Like Like |Link to Comment
  • Penn Virgina cuts full-year production outlook, sees higher capex [View news story]
    Adding one drilling rig in August and one in Oct or November, daily production should really ramp up into the end of the year.
    Jul 30 07:00 PM | Likes Like |Link to Comment
  • Among energy firms, a disconnect between Q2 results and stock movement [View news story]
    This headline is linking to Barron's which doesn't differentiate in its article, although it doesn't call NFX a services company, which this headline does for some reason.
    Jul 30 03:48 PM | Likes Like |Link to Comment
  • Chevron finally wins city approval for $1B Richmond refinery project [View news story]
    Getting approval to upgrade a refinery by agreeing to spend $90 mil on community programs? Doesn't paying money to a public office holder's pet projects in exchange for approvals for your business constitute a bride in most places? California is ridiculous.
    Jul 30 03:46 PM | 9 Likes Like |Link to Comment
  • SM Energy to acquire 61K Bakken acres from Baytex Energy for $330M [View news story]
    Magnum Hunter owns a minority interest in Baytex's acreage I believe.
    Jul 29 07:03 PM | Likes Like |Link to Comment
  • American Capital +1.3% after reporting a big Q2 [View news story]
    There's a comment in there about the undistributed income:

    "As of June 30, 2014, the Company had approximately $16 million of estimated undistributed taxable income ("UTI"), or $0.04 per common share, net of dividends declared. UTI excludes the Company's remaining prior year non-deductible capital losses of $(1.4) billion, or $(3.89) per common share, as of June 30, 2014, which may be carried forward and applied against future net capital gains through 2018."

    But yes, I am also surprised that the number got that low.
    Jul 28 04:34 PM | 2 Likes Like |Link to Comment
  • Cabot Oil drifts lower despite strong Q2, analysts cite wide price differentials [View news story]
    I dont know if the data is wrong, I closed the link as soon as I saw it was the Fool. No one knows where NG is going in the short term, but its cool here in the NYC metro area, so I'm guessing builds continue.
    Jul 28 10:36 AM | Likes Like |Link to Comment
COMMENTS STATS
2,481 Comments
2,922 Likes