Seeking Alpha

Randy Durig

View as an RSS Feed
View Randy Durig's Comments BY TICKER:
Latest comments  |  Highest rated
  • Fire Up Your Portfolio With Transportadora De Gas Del Sur's 11.8% High Yield Bonds [View article]
    Transportadora de Gas del Sur SA Announced FY 2011 Dividend Payment

    Be careful what you read, their is a lot of bad and old information being posted.

    Jan 24, 2013. 03:16 PM | 2 Likes Like |Link to Comment
  • Catch 9.6% Yields With These 2 1/2 Year Yankee Bonds From Copeinca ASA, Peru [View article]
    Thanks for the questions, "What is the point?" 1st you are completely subjective to some one else control with EHI. This is a leveraged large pool of funds with many different investors with different objectives, goals and trigger points than you have, sharing the same asset. This pool try's to make money off the leverage, playing the spread game, which greatly increase both the risk and volatility. Their is no maturity certain, a very important aspect if interest rates are going up.

    On EHI uses leveraged ! The risk in a downturn to lose principle is very high.
    On expenses EHI Total Expense Ratio is 1.53% That's roughly three times higher than ours.

    EHI is not organic 9% yield, it's using leverage and possibly derivatives to make their high yields. If the interest rates they pay to the banks for the leverage, begin to rise, this will make the yield spread collapse, this often occurs when the bonds they hold are falling in prices, creating a double whammy.

    Be careful if inflation hits, principle here I would forecast would be significant impacted, but in a flat to lowing interest rates this should do well.

    We like higher levels of protections, shorter maturities, less fees, with true organic income. They offer a OK service, it like comparing apples in bulk, to individual bananas, it makes more of a difference on what your goals and desires are.

    To read about more of our investment ideas go to:
    Sep 15, 2014. 01:18 PM | 1 Like Like |Link to Comment
  • 10.5% Yields From Petróleos De Venezuela Sinking Yankee Bonds, Average Life Oct. 2016 [View article]
    "Exporting oil is Venezuela's only lifeline to exist in their current state. Through these exports they are forced to comply with world economic rules and they have no other choice."

    Exactly. (At least for a while longer.) Kicking the can (i.e., debt) down the road is evidently something that some do with greater skill and/or more finesse than others... but 3 years is not a long distance to kick for a company with as vital to the national economy as PDVSA is, especially with as much revenue as it has. This review is strictly a financial perspective, not a political endorsement.
    Jul 1, 2014. 02:13 PM | 1 Like Like |Link to Comment
  • Brigus And Primero: A Match Made In Mining Heaven? [View article]
    The convertibles were overlooked by far too many for far too long.
    (But certainly not by this writer..)

    For more of our work, please visit our website and subscribe to our free email service at:
    Dec 24, 2013. 09:33 PM | 1 Like Like |Link to Comment
  • Float Your Boat With Hapag-Lloyd Yankee Bonds Yielding 7.84% [View article]
    Thanks for your questions

    1. If you did business with EXM or any other shipper, and were afraid of their bankruptcy, would you consider moving to a new vendor? I sure would. I would hate to have any of my products held up by the courts.

    2.. Less competition often equal better margins.

    Thanks again
    Mar 13, 2013. 01:18 PM | 1 Like Like |Link to Comment
  • Fire Up Your Portfolio With Transportadora De Gas Del Sur's 11.8% High Yield Bonds [View article]
    Actually, it's 16.78 cents per ADR share, and no "swiped back" portion. As stated previously, there's a lot of bad information being posted.
    Jan 29, 2013. 08:38 PM | 1 Like Like |Link to Comment
  • Go Offshore to Escape the Biggest Threats to Your Wealth [View instapost]
    If you want higher yields and low fees in a Offshore location and Swiss custodian you should review Bank-Offshore the link here:
    Apr 3, 2012. 01:02 PM | 1 Like Like |Link to Comment
  • Great Yields From Georgian Railway's 3 1/2 Year Yankee Bonds [View article]
    Western Russia (i.e., Europe) is to the north, and Turkey (not Iran, which are both Asia) is to the south. Next time, I recommend that you check your thoughts against an Atlas (or google maps) before speaking out of line. (You'll find it much less embarassing.) We search the globe for yields, and though our expertise is in financial matters, we have a fairly resonable grasp of world geography.
    Mar 2, 2012. 10:39 PM | 1 Like Like |Link to Comment
  • Great Yields From Georgian Railway's 3 1/2 Year Yankee Bonds [View article]
    The CUSIP is correct. If you continue to have any difficulty, need additional information, or would like any assistance in acquiring it, please visit our website (link below) and/or email us. Thank you.
    Mar 2, 2012. 11:42 AM | 1 Like Like |Link to Comment
  • Gas Up Your Portfolio With Transportadora De Gas Del Sur S.A. [View article]
    I'm not sure what additional research you think needs to be done, or how much more clearly (or repeatedly) we could have stated that last year was a one time distribution. Please read the sections above under the subtitle "Dividends and Taxes."

    What does appear to have been "cut" or edited from our article were the graphs and charts showing the correlation between natural gas prices and TGS. However, they can be found here:
    Feb 6, 2012. 06:03 PM | 1 Like Like |Link to Comment
  • Rare Opportunity With Rare Earth Bonds: 6.3% YTM, 5 Years, Includes An Option To Convert [View article]
    Thank you for the question and the interest.

    The risk of default takes into account the probability of an issuer's inability to fulfill the terms of the debenture agreement. The simplest way to see a lower default risk is to realize that Neo Material has the option at the maturity date of the bond to pay bondholders with new equity stock (at a 5% discount to its actual market value) from the company's treasury instead of cash. Although this choice seems quite unlikely given their current propensity to repurchase shares in the open market, things may change in five year's time.

    Bondholders, on the other hand, have to option to convert to stock at any time prior to maturity. Or, if bondholders do not opt to convert, and NEM stock ends up being put to them (only at maturity) in lieu of their cash principle, they will acquire the stock at a 5% discount to the market value of the stock at maturity.

    In any event, we see the company's option in 2017 to meet this debt obligation with stock as greatly reducing any chance of an "inability" to fulfill the terms of the debenture. I trust this answers your question.

    For the most recent comments and updates, visit us at:
    Jan 25, 2012. 08:14 PM | 1 Like Like |Link to Comment
  • Quench Your Value Thirst With Duoyuan Global Water [View article]
    Thank you for your comments and especially the focus on DGW issues, good or bad.

    The accounting and Part II is available now on our website.

    To address Ian and his very good comments. With the high cash balance and very low enterprise value, the company is so distressed in price that liquidation value after bankruptcy might even be higher. This is quit low for a well positioned company in a essential industry with the major issue (accounting) their ex CPA firm says DGW is clean. Thus it is priced for falure and that greatly reduces overall risk.
    Mar 10, 2011. 01:36 PM | 1 Like Like |Link to Comment
  • Low Enterprise Value Stocks: February 2011 Returns [View article]
    Hi Tweedn

    We still like CYD a lot.

    Very nice returns Jobe, I will look at you stocks, thanks for the tip.

    You could see our stock and bond updates here;

    Randy Durig
    Mar 4, 2011. 01:05 PM | 1 Like Like |Link to Comment
  • China Yuchai International: High Levels of Cash Are Camouflaging True Earning Power [View article]
    Thanks for the comments. It's great again to see all the professional comments dealing with CYD.

    To get our future updates on stocks, including CYD you might enjoy our newsletter
    Dec 31, 2010. 03:22 PM | 1 Like Like |Link to Comment
  • A Tremendous Value – Universal Insurance Holdings Inc. [View article]
    Thanks you for your valid concerns,

    On the earning, when a major portion of your company is holding cash and investments with that large of a balance you should have additional gains.

    Again, on several metrics including both profits per share and cash flow, they are one of the lowest value we could identify.

    Even if you used the lower $0.23 and then annualized that it would be close to a $1.00 in earnings. That's around a 5 P/E. At the same time they provided very nice top line growth with more room to improve margins.

    The insiders selling is what in my opinion is what is keeping the stock price down right now.

    It's my opinion that if the insiders sold less and adopted a true transparent dividend guideline, the stock should increase. The insiders would grow their personal wealth even faster eliminating many of the shareholders largest concerns.

    But to answer your question 3 question, I don't try to speculate, but we hold the investments in client accounts whose investment objects are for both income and growth.

    You might enjoy our newsletter knowing of course we cover UVE.

    Always putting your interests first.

    Dec 23, 2010. 01:18 PM | 1 Like Like |Link to Comment