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Ocean Man  

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  • Kinder Morgan (KMI) will purchase El Paso Corp. (EP) in a $38B deal of cash, stock, and assumption of debt. The price - based on KMI's Friday close - works out to $26.87/share, a 37% premium over El Paso's last trade. KMI CEO Rich Kinder expects the transaction to be immediately accretive to the company's earnings. (PR)  [View news story]
    Holy schnikes! That's a large acquisition.
    Oct 16, 2011. 05:13 PM | 1 Like Like |Link to Comment
  • 11 Reasons The Coming Week Is Going To Be Big [View article]
    My comment was also going to be that you left out one of the most important events coming this week - the Greek vote on Thursday for further austerity measures. Great article otherwise.
    Oct 16, 2011. 05:08 PM | Likes Like |Link to Comment
  • Why Apple Is Highly Likely to Underperform [View article]
    It will not take 10 years for Apple to have a $1T market cap.
    Oct 16, 2011. 10:07 AM | 2 Likes Like |Link to Comment
  • In his testimony before Congress today, Fed Chairman Bernanke bluntly warns that the economic recovery, such as it is, "is close to faltering." Operation Twist, the Fed's latest move to help the sputtering economy, will be "meaningful but not an enormous support." So, with few bullets left, could the Fed Chairman be hinting he's ready to hand the baton back to Washington and the private sector to work its own way free the current economic morass?  [View news story]
    This economy is going nowhere until housing prices go up. Nobody is buying houses because the prices aren't rising. If housing prices started moving up, people would fear they missed the bottom and there would be a mad rush to buy fueling the rise. But we need that catalyst. What is the catalyst if it's not low mortgage rates and a subsidized refi program?
    Oct 5, 2011. 01:20 AM | Likes Like |Link to Comment
  • Analysts at Piper Jaffray, R.W. Baird, and Ticonderoga give their approval to the iPhone 4S, believing the device will keep Apple's (AAPL) smartphone momentum going even if some are underwhelmed. But Henry Blodget is less sanguine, arguing the ~50% of iPhone owners who use an iPhone 4 have little motivation to upgrade.  [View news story]
    Hmmmm.... should I listen to that idiot Blodget or the unanimous view of every other expert?
    Oct 4, 2011. 11:12 PM | Likes Like |Link to Comment
  • In his testimony before Congress today, Fed Chairman Bernanke bluntly warns that the economic recovery, such as it is, "is close to faltering." Operation Twist, the Fed's latest move to help the sputtering economy, will be "meaningful but not an enormous support." So, with few bullets left, could the Fed Chairman be hinting he's ready to hand the baton back to Washington and the private sector to work its own way free the current economic morass?  [View news story]
    Bernanke is throwing Congress an alley-oop and they're just watching it bounce off the court. It all starts with a nationwide refi program, getting a gift from Op Twist.
    Oct 4, 2011. 09:21 PM | 5 Likes Like |Link to Comment
  • Will Tablet Makers Experience 'Margin Compression' [View article]
    I agree with you for the most part, and the fact that tablets can't do spreadsheets is why I don't own one. I'm actually amazed by how many corporations are embracing the tablet despite its deficiencies, but they are. They'll add spreadsheets soon enough.

    I've also noticed that any type of consultant-type business has their employees carrying iPads - they want to appear on top of the latest tech, so they bring their tablets to meetings and then do work on their laptops.
    Oct 2, 2011. 08:51 PM | Likes Like |Link to Comment
  • Will Tablet Makers Experience 'Margin Compression' [View article]
    I second the arguments for ease of reading in bed with a tablet rather than a laptop, and other ease of carrying comments. I would also add....

    Have you been to a PacSun recently? Their employees are walking around with iPads and if you find something you like that's not in your size, they order it for you with free shipping in about 30 seconds. They're not buying the cheap tablets. This is the future.

    Have you been to a corporate meeting recently? People bring iPads, not bulky laptops, and not cheap tablets. Why? Because billion dollar corporations buy the quality versions of tech hardware.

    Anyone with kids knows the difference between a kid's reaction to getting an iPod vs. a cheap knockoff over the past decade. The same thing applies to tablets now.

    Apple will continue to do amazing business in the high end tablet market, and everyone else can compete in the low end market. What the low end does has no effect on Apple.
    Oct 2, 2011. 07:10 PM | 2 Likes Like |Link to Comment
  • SandRidge Energy (SD) agrees to sell four of its East Texas natural gas properties to NFR Energy LLC for $231M. The company plans to use the proceeds to fund its transition to an oil-focused drilling program. Shares +2.5% AH.  [View news story]
    Great move SD! Long calls after they said they were moving from a nat gas focus to an oil focus last week. Long on EOG for same reason.
    Sep 27, 2011. 11:52 PM | 1 Like Like |Link to Comment
  • It's Going To Be A Busy Week [View article]
    DRI's bar isn't set too high, and last quarter they said they'd be cruising if gas prices would come down, and they have. I'm expecting a beat.
    Sep 27, 2011. 12:57 AM | Likes Like |Link to Comment
  • The Telegraph reports German and French officials working on a multitrillion-dollar "firebreak." Among the steps is a bank recapitalization going well beyond the laughable €2.5B tagged by the EU stress tests (the IMF puts the figure at €200B, others say €1T). A bump in EFSF firepower to €2T and a "controlled" Greek default giving a 50% haircut to lenders are also in the mix.  [View news story]
    Why are you shouting?
    Sep 25, 2011. 11:11 AM | Likes Like |Link to Comment
  • The Telegraph reports German and French officials working on a multitrillion-dollar "firebreak." Among the steps is a bank recapitalization going well beyond the laughable €2.5B tagged by the EU stress tests (the IMF puts the figure at €200B, others say €1T). A bump in EFSF firepower to €2T and a "controlled" Greek default giving a 50% haircut to lenders are also in the mix.  [View news story]
    That, by itself, would be good for gold.

    But to the extent that people who were using gold as a safe haven until Europe got straightened out move out of gold and into stocks, that would have a dampening effect.
    Sep 25, 2011. 11:03 AM | Likes Like |Link to Comment
  • Apple: A Growing Shelter From The Storm [View article]
    I agree. Especially in a time when all you hear every day is that earning projections are going to start coming down for everybody else, Apple's are growing at a remarkable pace. Next year's earnings projections are absurdly low for Apple. They will adjust upward. Apple's competitors are dropping like flies. I don't predict a double, but if this stock doubled, it wouldn't be unreasonable.

    Here's how I put it. The stock looks underpriced. People line up outside their stores during tough economic times. They are the unquestioned best of breed. They have huge profit margins. They create tech trends. I could go on, but that's enough of a checklist for me.

    Bonus: 9 of the last 10 years tech stocks have surged Oct to Jan, and struggled from Feb to Sept. The wave is right behind you, are you paddling to catch it, or are you letting this one pass by?
    Sep 25, 2011. 10:29 AM | 3 Likes Like |Link to Comment
  • CME Group hikes margins again on gold by 21%, silver by 16% and copper by 18%. (pdf).  [View news story]
    No, they hiked it from 5.76% to 7%. Thus, they hiked it by 21%. It was stated correctly.
    Sep 24, 2011. 03:13 PM | Likes Like |Link to Comment
  • Most Investors Miss The Point: Operation Twist Is Brilliant [View article]
    The Fed doesn't make moves to affect the next day's market movement, or even the next week. There's a butterfly effect that takes time. Twist - housing - unemployment - economy - stock market. Stocks are incorrectly priced right around 100% of the time.
    Sep 24, 2011. 03:08 PM | Likes Like |Link to Comment
COMMENTS STATS
603 Comments
698 Likes