Seeking Alpha
View as an RSS Feed

The Value Investor  

View The Value Investor's Comments BY TICKER:
A, AA, AB, ABBV, ABT, ACM, ADBE, ADM, AEO, AGIO, AGN, AIG, AKRX, AMAT, AMBA, AMBR, AMD, AMGN, AMT, AMZN, AN, ANF, ANFI, APA, APC, APFC, AR, ARMK, ARO, ASCA, ASPN, ASTC, AVA, AVAV, AVGO, AVP, AZN, AZZ, BA, BAC, BBEP, BBY, BCC, BEAM, BIO, BLK, BLOX, BMC, BMY, BP, BRC, BRLI, BTU, BURL, BWLD, CAG, CALM, CAMP, CAR, CASY, CAT, CBS, CBST, CCL, CECO, CERN, CHD, CHGG, CHK, CHRW, CHTR, CHUY, CL, CLH, CLR, CMCSA, CMCSK, CMG, COH, CONE, COP, COST, COUP, COV, COVS, CPB, CPWR, CREE, CRM, CROX, CSCO, CTB, CTLT, CTSH, CTXS, CVG, CVS, CVT, CVX, CY, CYBR, CYNI, DAR, DD, DDD, DE, DECK, DF, DHR, DIS, DLTR, DMND, DNKN, DRC, DRI, DRIV, DRQ, DUK, DVN, EBAY, ECR, ED, ELOQ, EMC, EME, EMR, ENDP, EOG, EVHC, EXPE, EXTR, EYES, F, FANG, FAST, FATE, FB, FCAU, FCX, FDO, FE, FEYE, FI, FIVE, FLS, FLTX, FMC, FNSR, FOXF, FRAN, FSLR, FTR, FUEL, GE, GILD, GIMO, GIS, GLW, GM, GMCR, GNC, GNW, GOGO, GOOG, GOOGL, GPC, GPRO, GRUB, GS, GT, GTI, HABT, HAIN, HAL, HAS, HBI, HCP, HD, HEI.A, HELE, HLF, HNZ, HON, HPQ, HRB, HRL, HTZ, HUBS, HUN, IBM, ICPT, INT, INTC, ISRG, ITW, JAZZ, JBL, JCI, JCP, JDSU, JEC, JMBA, JNJ, JOY, JWN, K, KING, KKD, KMB, KMX, KN, KNX, KO, KORS, KR, KRFT, KS, LEA, LEAF, LEN, LKQ, LLY, LMIA, LMNS, LMT, LNKD, LOCO, LOW, LPX, LUK, LULU, LUV, LVS, MA, MBLY, MC, MCD, MCS, MDLZ, MDR, MDT, MFRM, MG, MGNX, MHFI, MIDD, MIK, MKC, MKTO, MMM, MNST, MO, MOBL, MODN, MOLX, MON, MONT, MOS, MRK, MRKT, MRO, MRVL, MS, MSFT, MTLS, MTZ, MU, MUR, MVNR, NAV, NCLH, NDAQ, NDLS, NEOG, NFLX, NGVC, NHI, NKE, NOC, NOV, NVDA, NVGS, OLED, OMED, OMI, ONNN, OPWR, ORCL, OUTR, OVTI, OXY, P, PACW, PANW, PAYC, PAYX, PBPB, PCAR, PCLN, PEP, PETM, PF, PFE, PG, PGEM, PII, PM, PNK, PNRA, POST, POT, PSX, PX, PXD, QCOM, QLYS, RAD, RAX, RDS.A, RH, RHT, RIG, RKUS, RNG, ROC, ROSE, ROST, RPM, RS, RUBI, RVBD, RWLK, S, SABR, SAFM, SBUX, SCCO, SD, SDRL, SE, SERV, SFD, SHLD, SKUL, SLB, SLXP, SMLP, SN, SNDK, SNX, SO, SODA, SPLK, SRPT, SSNI, SSNLF, STAY, STBFY, STL, STX, SVU, SWHC, SYF, SYK, SYNA, SYY, T, TAP, TEVA, TEX, TFM, TGT, THO, TIBX, TIF, TJX, TOL, TRLA, TRN, TSCO, TSLA, TSO, TWC, TWTR, UBNT, ULTA, UMPQ, UNP, UNS, UPL, UPS, USB, UTX, V, VALE, VEEV, VIA, VIAB, VLO, VMC, VMEM, VMW, VNCE, VNR, VOYA, VRA, VRNS, VRS, VRX, VSLR, VZ, WAG, WDAY, WEC, WFC, WFM, WLB, WLL, WMT, WTS, WTW, WWAV, WWWW, WYNN, X, XCO, XOM, XON, XONE, YUM, YUME, Z, ZEN, ZNGA, ZOES, ZOLT, ZTS, ZU
Latest  |  Highest rated
  • Whiting Petroleum - Reasons To Be Cautious [View article]
    Hi,

    Many companies try to sell assets now, the real questions is how will the purchase price relate to reserves and production. The fact that Paulson is a major shareholders means very little to me given his dismal performance in recent times.
    Mar 1, 2015. 03:57 PM | Likes Like |Link to Comment
  • Concho Resources - Urging Caution At Current Levels [View article]
    They raised some cash which is prudent I must say, especially as the shares held up relatively well.
    Feb 28, 2015. 10:50 AM | Likes Like |Link to Comment
  • Chesapeake Energy - Poor Realizations And Capital Expenditure Plans Create Elevated Risks [View article]
    The impairments just have an accounting effect, no cash flow impact. We will see how gas prices evolve, I am not too optimistic about those prices in for quite some time to come.
    Feb 27, 2015. 04:44 PM | Likes Like |Link to Comment
  • TCP International: Opportunities And Risks In This LED-Based Offering [View article]
    http://bit.ly/17DU6wm
    Feb 27, 2015. 01:44 PM | Likes Like |Link to Comment
  • Whiting Petroleum - Reasons To Be Cautious [View article]
    Hard to have a clue about the oil market nowadays.
    The promising thing is that Brent-WTI went from par to $12 spread in just a few weeks, suggesting solid demand. Unfo for shale players it has little relief with WTI at current levels.

    Curve is still real steep, but a $5-$10 move does not move the needle very much. Remember that the pain is really a function of both the price decline as well as the length.

    Good luck.
    Feb 27, 2015. 01:41 PM | 1 Like Like |Link to Comment
  • Continental Resources - Taking The Right Measures, But Not Appealing Following The Recent Rebound [View article]
    True, but that is already reflected in the stock price. Remember that impairments are non-cash charges and not really a focus point at this time for investors.
    Feb 27, 2015. 07:33 AM | 1 Like Like |Link to Comment
  • Chesapeake Energy - Poor Realizations And Capital Expenditure Plans Create Elevated Risks [View article]
    Let me stress that I do not have a position.

    The asset sale to which you are referring occurred amidst difficult circumstances, in fact many were worried that the deal would be cancelled.

    I fully agree that if you cannot make money, you should value the business based on reserves. However, if it takes too long for prices to recover, current equity holders might not participate in this value, as such it is more relevant for bondholders. Another issue with reserves is that one should take into account the cost of production and realizations. With CHK realizing very poor prices, competitors simply have lower break-even costs and if one expects low to moderate natural gas prices for a while, this is very relevant even if the comparative valuation based on reserves might be low.

    THanks
    Feb 27, 2015. 01:44 AM | 3 Likes Like |Link to Comment
  • Chesapeake Energy - Poor Realizations And Capital Expenditure Plans Create Elevated Risks [View article]
    typo, my mistkae
    Feb 27, 2015. 12:09 AM | Likes Like |Link to Comment
  • Chesapeake Energy - Poor Realizations And Capital Expenditure Plans Create Elevated Risks [View article]

    Those prices realized are the simple prices being realized without hedges.

    Distant locations, more expensive gathering/transportation fees explain the huge discount. Given that the company actually believes this discount is more or less fixed versus benchmark prices in dollar terms, the actual price declines realize exceed the benchmark price declines.
    Feb 27, 2015. 12:08 AM | Likes Like |Link to Comment
  • Sanderson Farms - The Good Times Continue, I Am Still Waiting To Pull The Trigger [View article]
    Thank you for the kind words. I agree that I am conservative, but often am willing to accept quite extreme concentration in my portfolio.

    The many and thoughtful reactions to the article already show that many understand that attractiveness of SAFM and are looking to add/initiate a position. I am willing to risk missing an entry point altogether. If I only have 5/10 companies which show such excellent management I am very happy to forego a few investments, and simply wait for the right price.

    Good luck.
    Feb 27, 2015. 12:06 AM | 2 Likes Like |Link to Comment
  • IPG Photonics - Growth And Technological Leadership Offer Appeal [View article]
    And thank you for the kind words. Congrats on the fabulous gains.
    Feb 26, 2015. 04:41 PM | Likes Like |Link to Comment
  • Sanderson Farms - The Good Times Continue, I Am Still Waiting To Pull The Trigger [View article]
    Thanks, you can count on me as a buyer at $70.
    Feb 26, 2015. 03:08 PM | Likes Like |Link to Comment
  • Continental Resources - Taking The Right Measures, But Not Appealing Following The Recent Rebound [View article]
    Than CLR could be an option. I had a speculative position in the low thirties in Dec but sold it.
    Feb 26, 2015. 01:28 PM | Likes Like |Link to Comment
  • Continental Resources - Taking The Right Measures, But Not Appealing Following The Recent Rebound [View article]
    Hard to say. Depends heavily on your preference for growth/income, your risk tolerance with regards to leverage and your vision on the duration of the oil slump.
    Feb 26, 2015. 01:21 PM | 2 Likes Like |Link to Comment
  • Vasco Data Security - Great Quarter, I Have Some Momentum Concerns [View article]
    That is a real possibility. It depends on the acquirers view of the technology and future, but sure why not
    Feb 25, 2015. 12:45 PM | Likes Like |Link to Comment
COMMENTS STATS
1,848 Comments
481 Likes