Seeking Alpha
View as an RSS Feed

Paul Price  

View Paul Price's Comments BY TICKER:
Latest  |  Highest rated
  • We already knew that then-Treasury Secretary Henry Paulson twisted bank executives' arms to accept a combined $125B in TARP money, but documents obtained yesterday by watchdog Judicial Watch shed new light on the extent of the coercion.  [View news story]
    No bloody horseheads in bankers' beds ... yet.
    May 14, 2009. 08:17 AM | 1 Like Like |Link to Comment
  • CME Group: Our Future Could Be in 'Futures' [View article]
    As expected, Treasury urges centralized clearing for the vast majority of over-the-counter derivatives, and regulation of derivatives dealers.

    CME gained 6% on the news today.
    May 13, 2009. 08:21 PM | 3 Likes Like |Link to Comment
  • 5 Conservative Plays for Risk Averse Generation Y Investors [View article]
    Historically, dividends are responsible for about half of the stock market's total return. Yet by 2000, their slice of the pie plunged to just 10%. Meager dividends could significantly delay any full recovery.
    May 13, 2009. 07:57 PM | 3 Likes Like |Link to Comment
  • Investing is 50% art and 50% science [View instapost]
    Why dividends matter:

    Historically, dividends are responsible for about half of the stock market's total return. Yet by 2000, their slice of the pie plunged to just 10%. Meager dividends could significantly delay any full recovery.
    May 13, 2009. 07:53 PM | 1 Like Like |Link to Comment
  • Altria [View instapost]
    I don't believe anything you say without seeing proof.

    You have been caught lying many times on many sites.
    That's why you frequenly change your screen names as you have done here numerous times already.

    May 12, 2009. 08:28 PM | 2 Likes Like |Link to Comment
  • Altria [View instapost]
    This is the TRUE DIVENDEND GROWTH INVESTOR's profile.

    The one in this instablog that is pretending to be him is a fraud...

    Dividend Growth Investor - Profile

    Dividend Growth Investor has been investing in stocks, options, futures, forex and bonds for the past several years. He has been focusing his attention particularly to companies that pay regular dividends to their shareholders since 2003. In his blog he shares his journey on his quest for achieving a sizeable passive income stream that would be realized by investing in dividend paying stocks that have consistently increased their payments over time. He hopes that his blog will serve as an inspiration for his readers and that it would change their financial lives for the better. Dividend Growth Investor is currently working towards achieving his CPA license, while working at a major US telecom company.
    May 12, 2009. 07:16 PM | 2 Likes Like |Link to Comment
  • Altria [View instapost]
    I'll believe that you're working as you claim when I see it.

    Your track record in veracity is sadly lacking.
    May 12, 2009. 02:37 PM | 2 Likes Like |Link to Comment
  • There’s Opportunity in Custodial Banks Northern Trust and Bank of NY Mellon [View article]
    MONDAY, MAY 11, 2009

    Bank of New York Throwing Off the Tarp

    As banks rush to issue new shares, Bank of New York looks like a safe bet.

    AFTER A DRAMATIC rise in their share prices, banks are rushing to sell stock -- surprise! -- to a public that's apparently willing to believe that they can climb out from under the Treasury Department's TARP investments.

    We're not that patient.

    While Bank of America (TICKER: BAC) and others dilute common shareholders with new stock, Bank of New York Mellon (BK), or BONY, looks like a much better bet to us. As a non-traditional bank, BONY owes the government less and could well rise further with a rebound in overall market activity.

    On Friday, Bank of America said it would offer up to $11 billion in new shares, while Morgan Stanley (MS) said demand was so high for its $4 billion share offering that it exercised the over-allotment option. Wells Fargo (WFC) said it successfully raised $8.6 billion selling shares.

    Today, US Bancorp (USB), BB&T (BBT) and Capital One (COF) all announced billions in new offerings.

    After a run-up in bank stocks, with B of A rising a staggering 62% just last week, there's little to be excited about in shares -- old or new.

    Sure enough, hit with all these dilutive new shares, banks stocks were lower in early afternoon trade today, with B of A shares down 4% while US Bancorp and Morgan Stanley were each down about 5%.

    Leaving aside dilution, the stress test itself has dabbled in rather wishful thinking. As Alan Abelson wrote in this week's Barron's magazine ("A Surge in Botanists"), the Treasury Department's exams implied "a surprising failure of imagination" on the part of those contemplating the worst that could lie ahead for banks. Things could easily turn out worse than anticipated.

    Bank of New York, however, could pull off a recovery in short order. The company makes fees for settling trades, rather than through loans, giving it a much less risky profile.

    BONY, last week, announced that it successfully priced $1.5 billion of five- and ten-year debt. That could help it to pay off TARP soon, which could return its quarterly dividend to 24 cents a share from the current 9 cents.

    In a note to clients today, Rochdale Research analyst Dick Bove wrote that BONY, currently trading at $31, could be worth $40, as overall trading volume rises, boosting its fees. And in March, offered a bullish take on the stock ("It Pays to Be a Different Kind of Bank").

    Ultimately, with so much uncertainty facing the troubled banking sector it makes little sense to try and play hero. A much more sensible approach is to limit risk where possible and a company like BONY fits the bill.
    May 11, 2009. 10:21 PM | 2 Likes Like |Link to Comment
  • Playing Defense with General, Northrop and Raytheon [View article]
    Raytheon Co. (RTN) - A ZACKS BUY
    By Alex Kolb
    May 11, 2009

    Raytheon Co. (RTN) has seen a swift rebound off recent multi-year lows and compares favorably to the market over the past year. Analysts are bullish on RTN’s earnings for both 2009 and 2010, calling for annual growth of 16% and 6%, respectively.

    Bullish Forecasts

    Current full-year earnings estimates of $4.71 per share were boosted by 16 out of 20 covering analysts from last month’s projections of $4.63 per share. For the following year, 9 out of 19 covering analysts hiked earnings forecasts by a penny from last month’s $5.00 per share.

    The company boasts an outstanding track record of topping analysts’ estimates since July 2004. During the past 4 consecutive quarters, earnings were, on average, 7% above forecasts.

    A Recent Contract

    The company most recent contract announcement was a $7.3 million deal for the continued production of ALR-69A(V) radar warning receiver systems for the Warner Robins Air Logistics Center in Robins Air Force Base, Georgia.

    Solid Earnings

    In late April, Raytheon posted first-quarter earnings of $1.11 per share, beating the previous year’s 93 cents and exceeding the consensus estimate by 11%. Net sales of $5.9 billion increased 10% on a year-over-year basis.

    Shares of RTN are on a rebound after falling with the market. Shares received an extra boost on strong first-quarter results and have traded ahead of the broader market over the past year.
    May 11, 2009. 12:31 PM | 1 Like Like |Link to Comment
  • Can We Get Some Actionable Advice Please? [View article]
    Cramer does give specific advice to buy or sell.

    However, he often changes by 180 degrees within days making any specific statement totally worthless as a quote as to correctness.

    You can often find 'buy' and 'sell' recommendations from him on the same stock just days apart. Later he can quote whichever one looks good for him at that time.

    Value Line similarly uses the "this stock may lag the market in the near term but should appeal to long-term investors" tactic. Then, if the shares go up they point to their long-term 'buy'. If the stock declines they highlight their 'this stock may lag the market' comment. Thus, they can never be wrong no matter what the shares do.
    May 10, 2009. 04:25 AM | 4 Likes Like |Link to Comment
  • 40 Best Stocks to Retire On - Fortune [View article]
    Only companies that don't kill their customers were eligible.
    May 7, 2009. 03:33 PM | 1 Like Like |Link to Comment
  • M3 Funds: U.S. Banking Sector Remains Undercapitalized [View article]
    It is almost impossible to get GM shares to short.
    Get real.
    May 7, 2009. 01:49 PM | 1 Like Like |Link to Comment
  • Wal-Mart: Low Risk Stock at Current Price [View article]
    The options prices I quoted were readily available at the time of the article. They were not "I hope I can sell these" prices.
    May 7, 2009. 01:46 PM | 1 Like Like |Link to Comment
  • Wal-Mart: Low Risk Stock at Current Price [View article]
    Wal-Mart (WMT): April same-store sales grew 5%, far better than analyst consensus of 2.9% growth.

    Grocery, health and wellness, hardlines, entertainment and home contributed to the beat. (PR) WMT +3.6% premarket to $51.30.
    May 7, 2009. 08:50 AM | 2 Likes Like |Link to Comment
  • Perrigo - A Prime Buying Opportunity [View article]
    7:58 AM Perrigo Company (PRGO):

    FQ3 EPS of $0.50 beats by $0.05. Revenue of $506M (+5.3%) vs. $527M. Issues upside EPS guidance for FY '09 of $1.80-1.90, vs. previous guidance of $1.75-1.90.

    Shares +4.3% premarket.
    May 7, 2009. 08:11 AM | 5 Likes Like |Link to Comment