Seeking Alpha

Paul Price's  Instablog

After college at The American University [BS - 1971] and dental school at University of Pennsylvania [DMD - 1977] Paul served as a dental officer in the United States Air Force both domestically and overseas in Turkey and England. As his student loans diminished he was seduced by the market.... More
My business:
BeatingBuffett.com
  • Tata Motors – License to Dive
    Tata is India’s largest automobile manufacturer and the world’s 5th largest medium and heavy commercial vehicle maker. They are #2 in medium to heavy bus manufacturing as well. They also provide financing for many of their buyers through their TML Financial Services unit. Tata acquired Jaguar and Land Rover from Ford in a (badly timed) $2.8 billion transaction that closed in June 2008.
     
    I rarely write about ‘short’ ideas but this one seems to just jump off the page when you consider the fundamentals. Tata Motors closed at $13.78 last week and has jumped up to $14 /share in this morning’s rally (Nov. 23, 2009).
    More »
    Tags: TTM, short ideas, options, automotive
    Nov 23 09:55 am | Link | Comment!
  • Bank of NY Mellon – Taking Care of Business(es)
    BK:NYSE Nov. 20, 2009 - $26.05  
    Dividend = $0.09 quarterly = 1.38% current yield
     
    Bank of New York Mellon was created by the July 2007 merger between Mellon Financial and Bank of New York making it one of the world's largest financial services companies. BNY Mellon is a leader in providing back-office services to other financial firms. The bank's asset-management and private banking operations serve institutional and high-net-worth individuals globally.
     
    More »
    Tags: BK, long ideas, options, financials
    Nov 20 02:16 pm | Link | Comment!
  • Tutor Perini Corp. [NYSE:TPC] – A Constructive Pick
    Tutor Perini Corporation offers diversified general contracting, construction management and design-build services to private clients and public agencies throughout the world. They provide general contracting, preconstruction planning and project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. TPC also offers self-performed construction services including site work, concrete forming and placement, steel erection, electrical and mechanical, plumbing and heating, ventilation, and air conditioning (HVAC).
     
    TPC shares have retreated from a 52-week high of $26.60 to today’s quote of $17.40 making them attractive again. An all-time high of $75.43 was hit during 2007 when better economic times permitted record EPS of $3.54.
    More »
    Tags: TPC, long ideas, options
    Nov 17 12:38 pm | Link | Comment!
  • Investment Technology Group – POSIT-tively Cheap
    Investment Technology Group's primary business is providing electronic trade execution to financial institutions. The company services the whole execution process from pre-trade analytics to post-trade processing. The company operates in the United States, Canada, Europe, and Asia-Pacific. ITG’s flagship POSIT system enables clients to trade confidentially amongst themselves using proprietary algorithms to match buy and sell orders without human intervention.
     
    The frantic pace of trading in 2006 – 2008 pushed ITG’s revenues and earnings to all time highs in each of those years. 2009’s depressed market volumes have contributed to lower sales and earnings for 2009. Zacks now sees 2009 EPS of $1.56 versus 2008’s record level of $2.61. Consensus views for 2010 range around $1.85 - $1.90.
    More »
    Tags: ITG, long ideas, options, financials
    Nov 13 10:44 am | Link | 2 Comments
  • Knight Capital Group – Buying on the Dip
    NITE shares had hit a multi-year high of $23.11 in October before somewhat weaker than expected September EPS knocked their shares back to today’s $16.40 price.

    Zacks now expects Knight to earn $1.43 this year and $1.60 in 2010.

    Here are NITE’s per share numbers from continuing operations as reported by Value Line:

     
    Year

         		Sales

         		C/F

         		EPS

         		B/V

         		Avg. P/E

     
    2004

         		5.71

         		0.51

         		0.36

         		7.79

         		31.3x

     
    2005

         		5.57

         		0.51

         		0.34

         		7.93

         		26.5x

     
    2006

         		9.18

         		1.73

         		1.49

         		9.29

         		10.5x

     
    2007

         		9.89

         		1.59

         		1.24

         		9.67

         		12.4x

     
    2008

         		11.46

         		2.28

         		1.94

         		11.40

         		8.4x

     
    2009*

         		10.65

         		1.80

         		1.43

         		11.55

         		12.6x

     
    More »
    Tags: NITE, long ideas, options, financials
    Nov 12 01:15 pm | Link | Comment!
  • InteractiveBrokers and OptionsXpress -Benefitting from a Market Rebound
    Both IBKR and OXPS are major players in the once-again booming options markets, as well as in equities, futures and FOREX. As risk aversion declines their businesses are expected to see gains in both absolute account numbers and trading volumes.
     
    Both companies sport clean balance sheets and solid profitability with substantially better results expected for 2010. Each stock is down dramatically from their bull market valuations and now trades at nice discounts to the better-known industry competitors Charles Schwab and TD Ameritrade based on P/E and P/BV.
    More »
    Tags: IBKR, OXPS, long ideas, financials
    Nov 10 09:36 am | Link | Comment!
Full index of posts »
Latest Followers
Posts by Ticker

Latest Comments


Most Commented
  1. “ICE” Can make for a Hot Combination Play (9 Comments)
  2. Subject: Cash for Clunkers (5 Comments)
  3. Spicy Returns from a Conservative Stock - McCormick & Company (MKC) (3 Comments)
  4. ‘Office’ Space at a Reasonable Price - Microsoft (3 Comments)
  5. NASDAQ OMX Group – Over the Counter appears Undervalued (3 Comments)
Posts by Themes
agriculture, automotive, banking, defense, dividends, education, financials, Fixed Income, fixed income, investing, long ideas, LONG IDEAS, Long ideas, long ideasd, Market Strategy, Markets, markets, mutual funds, oil, options, Options, OPTIONS, Policy, restaurants, retail, RETAIL, short ideas, SPY, taxes, Taxes, tech, the economy, tobacco, utilites, utilities
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.