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Knightsbridge Shipping, Ltd. - A Compelling Arbitrage And Share Repurchase Story
- The continued transformation and recent price decline provide a second chance buying opportunity after the early 2014 run-up.
- The environment is attractive for Knightsbridge to repurchase shares under a critical $10 price point.
- An immediate arbitrage opportunity exists for investors at today’s price levels.
- Rarely discussed industry fundamentals provide a potential catalyst for rate increases.
Four Oaks Fincorp: Regional Bank With A Financial Moat Poised For A Turnaround And Resumption Of Dividend Payments.
- Strong demand for recent rights offering provides strong liquidity, showcases investor confidence and provides downside protection.
- Return to historical levels of net income suggests dividend payments may resume shortly.
- FOFN has $37 million of net operating loss carry forwards which will aid in net income and shareholder equity growth.
- Defensive or expansionary merger activity is possible with “sister” bank controlled by same controlling shareholder of FOFN.
- FOFN Valuations are attractive from a price to earnings and theoretical dividend yield perspective and offer 80%+ upside from these levels.
Natural Resource Partners, L.P.: A Match For Contrarians; A Trap For Income-Oriented Investors
- NRP is going through a transformative stage that could represent a compelling expansion opportunity for contrarian investors.
- NRP historically trades like a metallurgical coal stock, but royalties from this specific asset represents less than 50% of NRP revenues and may suggest divergence from strictly coal pricing.
- Increased debt levels, interest expense and chances of more dilution put NRP distribution at risk and should concern income-driven investors.
- Contrarians with a long-term horizon could potentially endure additional dilution and distribution reductions but near-term income investors should shy away.
United Bancorp, Inc.: Compelling Buying Opportunity For Investors Seeking Generous Long Term Dividend Growth & Appreciation
- Fed’s near ZIRP (Zero Interest Rate Policy) has created superficial weakness in stock price.
- UBCP sports history of sustainable, generous dividend payments, insider buying, clear disclosure to shareholders and successful banking execution.
- Current earnings levels immediately support 12%-18% higher dividend after industry stabilization with potential for 75%+ dividend growth.
- UBCP’s recent stock performance lag behind peers and benchmarks is the result of a calculated strategy by management to position the bank for greater shareholder gains in the future.
- UBCP remains an acquisition candidate.
Knightsbridge Tankers: Management Signals Confidence For Future Distribution Increases
- VLCCF recent distribution increase to $0.20 from $0.175 is not a singular, opportunistic gesture based on Q1 2014 settlement income.
- VLCCF expansion to 39 ships by end of 2016 creates compelling case for rapidly-ascending distributions.
- We foresee VLCCF paying out $0.89, $1.64, $2.40 and $2.60 annually in years 2014, 2015, 2016 and 2017, respectively.
- We foresee distribution growth providing for 100% upside potential in stock price by 2016-2017.
Harleysville Savings Financial Corporation - Community Bank Investing The Professional Fund Manager Way
- HARL is strongly positioned in a lucrative Montgomery County, PA market that should allow it to grow EPS and annual dividend payments.
- HARL has a history of increasing and maintaining dividend payments and avoiding dilution even during the most dire times.
- HARL's arguably aggressive banking practices could be triggering the lower multiples compared to peers but management and 98 years of history indicate their banking formula pays off.
- HARL should be positioned to continue to yield at least 4.5% over the long term with potential for capital appreciation.
- Risk of further decline in price could create additional, even more compelling opportunities to build a position at an even higher yield.
Aquaculture Trends And Tassal Group Limited, A Company Particularly Positioned To Benefit
- TSLLF is the largest producer of salmon in Australia, where the consumption and demand for salmon is growing.
- Robust salmon prices remain likely and will aid TSLLF margin expansion.
- TSLLF is reducing current debt loads which should free up liquidity for second phase of expansion slated to begin in 2015.
- TSLLF evolving retail focus increases likelihood of an acquisition by a suitor wishing to enter the Australian market.
A Dividend Investing History Lesson - Pfizer And FirstEnergy Corporation
- A PFE dividend reduction was one of the catalysts for significant appreciation from 2009 through today.
- Recent FE dividend reduction means management is taking steps to execute on strategic vision which could lead to increased performance over time.
- History is not always destined to repeat itself - but it should not be ignored or forgotten while investing.
Seacoast Banking Corporation Of Florida's Board Realignment Could Mean Philosophical Transition
- New types of board members suggest a transformation of leadership.
- CapGen positioning the board to entertain all available offers to realize shareholder value.
- CapGen investment thesis differs from family/local investor - and will drive decision making.
- CapGen supportive of current management but preparing itself in the event their patience runs thin.
- SBCF will pursue aggressive value-creation activities in next 12-18 months: sale, dividends, buy back or acquisitions.
Knightsbridge Tankers, Frontline And Karpasia Deal - Who Wins Out?
- VLCCF Buys New Ships at Historically Low Prices - but at what cost to shareholders?
- Is FLINZ desperate to unload ships to raise cash? Or getting more strategic?
- A shipping rate turnaround may yields results for VLCCF they could not obtain on their own.
- Market Bloodshed May Almost Be Over
- Young Jeezy's 'The Recession': I Think We’ve Bottomed Out
- Seacoast Banking Corporation of Florida: The News We've Been Waiting For
- Time To Buy Banks? Proceed With Caution.
- Neenah Enterprises: What Happens When the Selling Is Done?
- When a Yield Sounds Too Good to Be True...
- $125 Oil Not Sustainable for the Time Being
- Broadwind Energy: Cramer, Someone Had to Say Something
- National City Corp. Story Unlikely to Have Happy Ending
- Farmers & Merchants Bank of Long Beach: What Just Happened?
- PPC Advertising Takes Its Toll on Google
- Seacoast Banking Corporation to Keep Dividend Intact?
- Has ValueClick Cried Wolf Too Often?
- AT&T: Wake Me Up at $65
- 10 Stock Picks for 2008
- Sycamore Networks: Market's Reaction Seems Backwards
- RealNetworks: Good, But Not Great
Interest Rate Cut? Sleep it Off - Overall Things Look Good
Aug. 23, 2007 • 3 Comments
- Seaboard Corporation Will Ultimately Reward Shareholders Despite Tough Times Ahead
- Seacoast Banking Corp. – After a Little Breather, Time To Buy
- ValueClick is a Good Long-Term Buy At Current Levels
- Ash Grove Cement and Seaboard: Obvious Winners