Vulcan Materials Co. (VMC)
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VMC Forum Topics
- All Comments on VMC
- General Discussion on VMC
- Quitting the Hedge Fund Game - Mark Sellers [view article]
- Hedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
- Dividend Investment Myths [view article]
- Vulcan Materials: A Good Buy/Takeover [view article]
- NYSE Short Interest Hits Record Highs... Again [view article]
- Deutsche Treat - Cramer's Lightning Round (5/6/08) [view article]
- The Long Case for Vulcan, AIG [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Tracking Jim Cramer: Stellar February 2007 Performance [view article]
- A Bullish Call On Philly’s Housing Sector Index [view article]
- Undressing the Window Dressers: Top Stocks Continue End of Quarter Outperformance [view article]
loading ...Recent VMC Articles
- Quitting the Hedge Fund Game - Mark Sellers
- Hedge Fund Tracking: Blue Ridge Capital (John Griffin)
- Dividend Investment Myths
- Vulcan Materials: A Good Buy/Takeover
- NYSE Short Interest Hits Record Highs... Again
- The Long Case for Vulcan, AIG
- Wall Street Breakfast: Must-Know News
- Tracking Jim Cramer: Stellar February 2007 Performance
- PowerHouse Week for Economic Calendar
- A Bullish Call On Philly’s Housing Sector Index
- Full List of Articles »
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gordon
Quitting the Hedge Fund Game - Mark Sellers [view article]
in a rational world hedgie funds would be limited by law to no more than 2/1 leverage, not the 40/1 leverage that they have been using. funny money has been superseded by imaginary money.> jack Reply
Quitting the Hedge Fund Game - Mark Sellers [view article]
Hey guys -- why don't you quit the speculation and hear from the man himself. Sellers posted a response to last weekend's Wall Street Journal article in the "comments" section of the article at WSJ.com. He had no redemptions, but did the lock-up as a preemptive measure. ReplyQuitting the Hedge Fund Game - Mark Sellers [view article]
His largest remaining position is Contango Oil & Gas (MCF). Replynow
Quitting the Hedge Fund Game - Mark Sellers [view article]
Has ANYONE in the press or media noticed the list of hearings here?oversight.house.gov/st...
The "Regulation of Hedge Funds" hearing scheduled for October 16th ought to be very interesting, especially given recent "talking head fodder" that the "hedge funds" are to blame for the wild intra-day swings....
....first it was the short-sellers....now we are again on hedge funds....next it is the regulators....
...when will we learn that the problem was "easy credit" provided by the FRB, irresponsible lending (the bankers themselves and mal-aligned incentive plans) by the banks, and poor decisions by the INDIVIDUALS (i.e., those that took out the loans). Reply
Quitting the Hedge Fund Game - Mark Sellers [view article]
How is this guy a bloodsucker? Apparently he was long all those companies. People just don't know what hedge funds are and have been coached to blame everything on them. Prices are a function of supply and demand, if all the hedge funds close shop there's going to be (there already is) enormous pressure to sell. That will drive prices of all their investments down. After they liquidate, they won't be buying, so demand will take a hit and prices won't go up as fast. Replyhters
Quitting the Hedge Fund Game - Mark Sellers [view article]
Right on, roger maxims. The moneychangers and corrupt civil servants in the Repblicrat Party got their seats in the game of musical financial chairs.If we aren't there yet, anger will turn into apathy and indifference. Then and only then will we have a bottom, but we need WAY more blood returned from the bloodsuckers like Sellers.
As for the corrupt civil servants, anyone that votes for a single incumbent is a fool and deserves whatever comes to them. Reply
Quitting the Hedge Fund Game - Mark Sellers [view article]
He's down 50% in Q3.URL:
1. online.wsj.com/article...
2. online.wsj.com/article... Reply
Quitting the Hedge Fund Game - Mark Sellers [view article]
Two possibilities really:1. Seller is getting redemption requests flooding in right this minute, and like all his hedgie peers, is using the one-to-two year period to sell down gradually rather than capitulate. At least he can collect another two years of management fees. Possibly some performance fee @20% of a meagre return.
2. Seller could not figure out the bankruptcy risk of the investment-bank-holdin... he is using as broker dealer and leverage provider. Nor could he identify a reliable one out there. Without leverage, his hedge fund cannot return 65% p.a. or the 20% performance fee for him. Someone who gets paid in billions will be aghast at having to accept paychecks that has only eight zeros after the first digit.
Either way no fund manager, real estate agent or financial planner ever loses out when prices rise or fall. Nor do incompetent civil servants either. Reply
l
Hedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
Looking for a hedge fund job? The best way to get one is to contact them directly with your resume and cover letter. Now the hard part - finding a list of hedge funds. There are really no free lists, but there are some very cheap ones at www.hedgefundjoblist.c... ReplyDividend Investment Myths [view article]
Excellent article ReplyHedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
Keep in mind that many hedgies have "boxed" positions, meaning that reading the reported filings can send copycats in the wrong direction entirely. Take a position like BARE, NTRI or CROX. Most hedgies have been short these names - openly so in some cases. Just because Blue Ridge shows a long position in BARE doesn't mean it is net long. It could have an equal or larger short position in BARE. Sounds silly to many retail investors to be simultaneously long and short the same stock. Here's some reasons why to box a position: 1) show a long position; get better access to management, though you're really only researching a short. 2) getting stock borrow can be difficult for big short positions in heavily shorted names. Let's say you're short BARE and it plummets in value. You think it may rise again (to where you'd short it again) before going to even lower levels. You buy BARE long after the first decline while maintaining your short position (not "covering," but mathematically pretty similar, with the "carry" being the differentiator). When the stock rises again, you sell your long shares, effectively re-opening your short position. Back the old days of the Uptick Rule for shorting (only short sell on an uptick to avoid freefalls), this strategy also allowed hedgies to short by selling the long shares (no uptick rule) instead of struggling to short in a declining tape.I think the holdings still can give you a feel for what firms like Blue Ridge are involved in, but don't bet the filings are telling you in which direction they're betting. Reply
Dividend Investment Myths [view article]
agree with captain ccs: the point (a point) of buying dividend stocks is to take advantage of long term compounding. A ten year period would be more persuasive. Replynshine
Vulcan Materials: A Good Buy/Takeover [view article]
I guess this is an article based on hope and a dream. VMC trades at ~30x P/E based on management guidance for 2008 ($2.71 - ex spl items). The only real acquirer out there for this company is Holcim. Holcim is trading at 8x-9x P/E other long shot acquirers are trading for far lower P/E than VMC. The "potential" acquirers in Europe are suffering too with troubles in Europe. Prospects for VMC in near-medium term are dim. Non residential const. is starting to turn down and state budgets are getting squeezed. The miles driven by americans has gone down meaningfully in the last year cutting down the state and federal highway funds funded by gasoline tax. This stock has poor earnings prospect in the near and medium term. Acquisitions propects are tough given the position of potential acquirers and the tough credit markets. I am shorting this stock ReplyHedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
I found this interesting and wasn't aware this information was available.Reply
Hedge Fund Tracking: Blue Ridge Capital (John Griffin) [view article]
User 172125,Re: "just compiling data that is readily available". I don't know about you, but MY clock only has 24 hours in a day, so anything that allows me to be more productive in that 24 hours, has value.
old trader Reply