Seeking Alpha
View as an RSS Feed

Prudent Finances  

View Prudent Finances' Comments BY TICKER:
Latest  |  Highest rated
  • Xinyuan Real Estate: 5 Things You Should Know Before You Buy [View article]
    There are several things that make XIN more credible than other Chinese stocks.

    1) For several years, XIN had an American CFO (Tom Gurnee). Think about it. If you are an American CFO, you could get prosecuted if you do something fraudulent. If you are a Chinese CFO based in Beijing, the SEC can't get to you.

    2) It had a legitimate IPO on the NYSE. Many of the Chinese stocks did "reverse mergers" in order to trade in the U.S.

    3) The real estate holdings are located in large cities, which makes them easily verifiable. Some of the fraudulent companies have their factories in harder-to-reach areas.

    4) Besides Brooklyn, XIN also at one point had small projects in Irvine, CA and Reno, NV.
    Apr 27, 2015. 01:47 PM | 1 Like Like |Link to Comment
  • Fortuna Silver Mines: The Market Is Dead Wrong [View article]
    Most of the silver miners are trading well below book value: PAAS, CDE, SSRI, HL, EXK.
    Mar 15, 2015. 11:15 PM | Likes Like |Link to Comment
  • 3 Strategies To Capitalize On The Impending Rally In Crude Oil While Avoiding Contango [View article]
    You could also just sell out-of-the-money calls that you think will expire and let the collected premiums pay for the contango losses.
    Feb 26, 2015. 07:25 PM | 6 Likes Like |Link to Comment
  • Pan American Silver: The Damage From A Historically Bad Quarter [View article]
    They will probably just get slapped on the wrist with a fine. I do think that more public awareness of the manipulation in gold and silver could be a catalyst for higher prices.
    Feb 24, 2015. 01:05 PM | 2 Likes Like |Link to Comment
  • Xinyuan Real Estate - 2014 Sales Above Expectation, Recovery Underway [View article]
    There is no way they reached $1.2 billion in sales last year. It's not possible. That information is WRONG.

    Q1 sales were $226 million
    Q2 sales $167 million
    Q3 sales $164 million
    Q4 sales guidance $300-310 million

    That doesn't add up anywhere close to $1.2 billion.
    Feb 20, 2015. 02:22 PM | 3 Likes Like |Link to Comment
  • Xinyuan Real Estate: Board Resignations And A 2015 Outlook [View article]
    My brokerage firm charges me a similar fee every year. "ADR Fees" is the description of the charge. It's a big charge that wipes out a significant portion of the dividend.

    Here's an explanation of these fees:

    Also, I hold XIN shares in two brokerage accounts. One charges me a lot more than the other.
    Feb 5, 2015. 03:13 PM | 1 Like Like |Link to Comment
  • $50 Oil Won't Be A Problem For Atlas Resource Partners [View article]
    Stub Value = ATLS price - $9.12 cash - (TRGP price * 0.1809)
    Jan 29, 2015. 01:28 PM | Likes Like |Link to Comment
  • $50 Oil Won't Be A Problem For Atlas Resource Partners [View article]
    Based on:

    ATLS at $28.81
    TRGP at $89.78

    The stub is worth $3.45
    Jan 28, 2015. 01:33 PM | Likes Like |Link to Comment
  • Contango Is Working Against U.S. Oil ETF Investors [View article]
    WTI oil is usually in contango. Here's an old statistic I saw somewhere ... From 2005 to 2011, the oil market was in contango 93% of the time.

    I don't know how bad it can get this time, but the contango could get really bad. It got really bad in 2009-2010. Look at the table in this article.
    Jan 5, 2015. 09:23 PM | Likes Like |Link to Comment
  • The Outlook For Silver In 2015 [View article]
    In late October 2008, the gold-silver ratio peaked at 84. That happened on the same day silver bottomed below $9.

    Actually, some emerging markets have already been outperforming the U.S. For example, in 2014, China was up 53%, India was up 30%, Turkey up 26%. But I think most of the emerging markets under-performed.
    Jan 3, 2015. 12:25 PM | 1 Like Like |Link to Comment
  • Silver Standard Is Undervalued Compared To Hecla And Pan American [View article]
    That's a valid point. To be totally comprehensive, lead, zinc, as well as copper should also be included.
    Jan 1, 2015. 03:16 PM | Likes Like |Link to Comment
  • The Outlook For Silver In 2015 [View article]
    It could take several or many years before that happens. That supports the long-term thesis for higher prices, but doesn't help the silver price right now.
    Dec 31, 2014. 05:35 PM | Likes Like |Link to Comment
  • Update: ARCP - And Here Goes The Dividend [View article]
    That's because Seeking Alpha pays the writers a minimum of $35 for every article.
    Dec 29, 2014. 05:55 AM | Likes Like |Link to Comment
  • BlackBerry: Buy Downside Protection As Analysts Grow Cautious [View article]
    Shock Exchange: What else do you think is undervalued besides BBRY?
    Dec 18, 2014. 03:45 PM | 10 Likes Like |Link to Comment
  • Atlas Resource Partners Makes A Big Bet On The Eagle Ford [View article]
    What % of their oil production is hedged in 2015?
    Dec 15, 2014. 01:40 AM | Likes Like |Link to Comment