Seeking Alpha

PlanMaestro

 
View as an RSS Feed
View PlanMaestro's Comments BY TICKER:
Latest  |  Highest rated
  • Caraco Pharmaceutical: Underappreciated and Undervalued, Part 2 [View article]
    One thing we could analyze on the FDA raid is the margin of safety if these issues are not solved.

    - Will the licensing cash flow will be enough to keep breakeven while the manufacturing issues are solved?
    - I read also about the job cuts. What will be the impact?

    Sorry about so many questions, if you have a public email we can go through this together.
    Aug 13, 2009. 09:41 AM | Likes Like |Link to Comment
  • Caraco Pharmaceutical: Underappreciated and Undervalued, Part 2 [View article]
    Very interesting idea. Why don't you comment on the FDA raid and its impact?
    Aug 12, 2009. 01:58 PM | Likes Like |Link to Comment
  • Global Ship Lease: Heads I Win, Tails I Don't Lose Much [View article]
    Well that article is probably wrong because CMA CGM burned just 300M Q1 and it had more than 1B in cash
    Aug 12, 2009. 01:55 PM | Likes Like |Link to Comment
  • Global Ship Lease: Heads I Win, Tails I Don't Lose Much [View article]
    Dalrymple, CMA CGM has more than 1B in cash, has port operations that could be sold, and it is easily outperforming its rivals. It has burned far less cash and it has 98%+ of its fleet ocupied.


    On Aug 12 06:19 AM Dalrymple wrote:

    > CMA stopped working with the rating agencies at the beginning of
    > summer after its credit got downgraded. They decided not to "supply
    > information" to them anymore. I am sure that makes the bankers nervous
    > about the GSL's stability of contracts. CMA allegedly has a very
    > low level of cash reserves.
    > internationalshippingn...
    Aug 12, 2009. 01:50 PM | 1 Like Like |Link to Comment
  • Global Ship Lease: Heads I Win, Tails I Don't Lose Much [View article]
    Pakiya, thanks for giving visibility to GSL. A couple of clarifications:
    - The CMA CGM counterparty risk is even lower than you think. CMA CGM has the flexibility of not renewing more than 150 leases this year, flexibility that its competitors do not have. At this moment it has 99% of its fleet occupied.
    - The cash dividends are being retained so at this moment the company has $0.5+/share in cash. Not bad for a company generating close to $1/share in FCF and a $1.5/share valuation

    For investors interested in this idea, I recommend checking the Yahoo board where there is plenty of information on GSL and CMA CGM. A good place to start is
    messages.finance.yahoo...
    Aug 11, 2009. 05:50 PM | 1 Like Like |Link to Comment
  • How Does One Audit a Fund Manager's Risk Management? [View article]
    These insights are not new. Check what most insurance companies do with their technical/risk management areas.

    However, even there the pressures from the commercial areas are huge. You still need a Warren Buffet CEO, that can stablish a risk management culture. And if the company is private and does not have ST pressures to reach the numbers, even better.
    Mar 25, 2009. 12:23 PM | Likes Like |Link to Comment
COMMENTS STATS
111 Comments
29 Likes