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rsykes73

rsykes73
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  • Penn West Continues To Execute With Impressive Q1 Results [View article]
    Michael,
    Thanks for the article, I started snapping up shares at 8.60 and below, couldn't be happier. On a side note, I also follow your apple articles, which gave me food for thought, and helped me to trim my position following the recent price spike. Cheers!
    May 2, 2014. 07:23 AM | Likes Like |Link to Comment
  • Apple Earnings Preview: Fiscal 2014 Tough; Fiscal 2015 Looking Better [View article]
    Agree, stock split is nothing but a shananigan. I presume by terming it an institutional holding, you're implying the board is disinterested in playing such games, and I'd agree. Its unfortunate however, as there seems to be an infinite number of retail investors that focus on the "face value" price of a stock. Long term it would be meaningless, but short term maybe it would provide the small pop I've been waiting for in order to trim my position;). Enjoyed the article.
    Apr 19, 2014. 09:36 AM | 1 Like Like |Link to Comment
  • Mortgage REITs a port in the storm today [View news story]
    Curious as to whether anyone here has considered doing a tax swap with their mreit holdings. My capital gains losses are with ARR and all long term so it only represents a 15% write off. Prices have been fairly stable, however with the announcement for the increased share buyback authorization I suppose I'll wait to see what comes of the next quarterly report, then perhaps see if I can get it right.
    Apr 6, 2014. 08:40 AM | Likes Like |Link to Comment
  • Apple Investors May Need A Reality Check [View article]
    So, I've been an Apple bull and overweight since the low 400s and had been thinking we would be looking at better prices but..., if you look at Apple's balance sheet, share holder equity is only about 123 billion out of a 480 billion market cap. That may not be expensive in relation to some of today's inflated asset prices, but without clearly outlined plans for significantly boosting earnings it no longer looks cheap. I am likely to start trimming my position in the near future.
    Apr 2, 2014. 11:30 AM | 1 Like Like |Link to Comment
  • Apple Investors May Need A Reality Check [View article]
    lmfao
    Apr 2, 2014. 11:19 AM | 2 Likes Like |Link to Comment
  • Valuations Are Higher Than Most Think - Risks Are To The Downside [View article]
    Michael,
    Thanks for the article, after consulting my therapist, I've decided to seek feedback. I have neither your education nor professional background, so please, be gentle. I have 7.5% of of my portfolio in a long term treasury fund, and 7.5% and a US indexed investment grade bond fund, 50% cash, 35% equities. As I see it, equities are indeed pricey, but who knows where it goes from here, and for how long. I'm curious as to how you see interest rates rising in the next 1-2 years. It seems to me that the Fed is unlikely to hike rates despite their announcement, as in developed economies it seems we're closer to deflation than inflation, business has little pricing power, labor participation rate is at a low in contrast to the unemployment rates, and virtually all of QE sits in reserves. If world growth deteriorates and we have a correction or enter a bear market, do you not think people would turn to treasuries as a safe haven? Dividends seem fairly low in respect to valuations and treasuries, http://bit.ly/rOl1U8. If the economy continues to meander along at its current pace it seems to me that the Fed would be very cautious about tightening, and rates will remain fairly stable. At the same time, it seems to me that the longer we meander, the more likely it becomes that some hiccup will bring equities back to earth, from which I would think bonds would benefit. If growth takes off, well then, I screwed the pooch. I welcome feedback.
    Mar 30, 2014. 11:13 AM | 1 Like Like |Link to Comment
  • Hickory Tech: A Solid Dividend With Rebounding Cash Flow [View article]
    Thanks for the feedback, actually just started on the book, found myself spending an inordinate amount of time on fluff so I'm trying to push myself toward a more productive use of my free time. Agree that investors may be rotating into fixed income-like equities and that rates, despite fed press releases, are remaining depressed. Best of luck, will keep my eyes open.
    Mar 27, 2014. 03:18 PM | Likes Like |Link to Comment
  • Hickory Tech: A Solid Dividend With Rebounding Cash Flow [View article]
    Appreciate your article, I have been watching this stock as well, but after consideration disagree with your price point. I'm fairly new to digging deeper on my own, so let me tell you what I see and feel free to provide some feedback.
    Their Net Working Capital is about 49 million on the most recent annual statement, 29 million of which is Good Will, while we're looking at a market cap of about 175 million, that seems to price in a lot of success.
    I think its difficult to appreciate stock price on their earnings since during conference calls they constantly speak of investing in infrastructure, so giving them the benefit of the doubt, we'll look at revenues. Local Service and Network Access comprise apporximately 50% of their revenue stream and have declined approximately 12% each year for the last 2 years. Broadband represents about 35% of their revenue stream and is virtually flat over the last 2 years, though up 5% yoy.
    I will agree that its easy for a company this small to move the needle, but...its being priced as a growth stock without convincing data to back it up. While the dividend is nice, I think it seems a little low given that its a secondary company with poor revenue showings, AND such a rich valuation. On the positive side, the dividend does seem safe at only 29% of FCF.
    When I look at the company in relation to the general stock market, I see lofty valuations in both and see more down than upside in near to intermediate term. I'd be looking for the market cap to be ALMOST cut in half as it seems an aggressive play in an over extendend market. My price point...$0.70 is their 7 year average trailing EPS, $8.40 gives a trailing PE of 12 - only slightly below their 5 year average according to Reuters -, and a 7% dividend at current rates.
    Probably a pie in the sky price point, but perhaps the truth lies somewhere between our differences...$9.20 which is right around the 52 week low.
    Mar 27, 2014. 11:38 AM | Likes Like |Link to Comment
  • Apple Needs To Deliver Now [View article]
    Utter silliness.
    Feb 26, 2014. 02:52 PM | 2 Likes Like |Link to Comment
  • Apple Needs To Deliver Now [View article]
    Good article. I personally don't think analysts estimates have anything to do with the stock price at this point, at least not given the current valuations and story line. The positives I see for the stock are continued revenue diversification with accelerating iTunes revenues, (and in that sector app revenues - which makes the Burstly acquisiton a logical fit), increasing market exposure, and new product pipelines. Analysts and pundits scream the sky is falling if apple doesn't do something BIG soon and I completely disagree. They don't need a huge new product line to turbo boost growth, they need earnings diversication with slow steady growth in conjuction with dividends and buyback. The stock price will rise slow and steady through earnings and p/e expansion.
    Feb 26, 2014. 02:27 PM | 1 Like Like |Link to Comment
  • Apple's R&D Spend Points To Multiple New Products Exiting The Pipeline [View article]
    Agree with you whole heartedly on CI. However on the issue of R&D, not so sure. You list the R&D patent winners, interesting data, but where is this taking the leaders? TC is monotonous with his catch phrase "laser focused", and perhaps this helps explain the difference in expenditure. IMHO the measure should not be who spends the most dollars, but who spends them most effectively.
    Feb 3, 2014. 11:19 AM | 4 Likes Like |Link to Comment
  • Cook: Carrier policies hurt N.A. sales; Apple "intrigued" by payments [View news story]
    I have a 110 for sale, I'll give them to you at a discount of $650
    Jan 27, 2014. 08:39 PM | 4 Likes Like |Link to Comment
  • J.P. Morgan Funds: Tapering On Its Own Is Meaningless To Emerging Markets [View article]
    Duration of the rise seems to exhibit a stronger affect than the rate of the rise.
    Jan 7, 2014. 08:05 AM | Likes Like |Link to Comment
  • Apple's Last Chance To Dominate The High End [View article]
    So tired of clicking these articles, will have to amend my alert list and stop wasting my time. I think as investors we should become concerned about Apple, when their execs become concerned. Pricing of the 5C seems to reflect a lack of concern, as does the refusal of the board to accede to Icahn's demands in order to pump the stock. I will agree it is frustrating to watch the stock price languish in the face of all this good news, but recently I think its just the weak hands taking profits in the new year.
    Jan 6, 2014. 10:01 AM | Likes Like |Link to Comment
  • Versar: Buy This Boring Stock For Superior Return [View article]
    1000 shares on the market doesn't seem very impressive, not really sure what to make of the acquisitons. Reuters reports trailing PE of 10.2 represents a 5% premium to 5 year average of 9.7, so don't know how a forward PE of 12+ would be conservative. Projections of revenue and profits don't seem to indicate substantial growth, and you discuss the difficulty of the new contract negotiation format, so I'm not sure I appreciate the opportunity at this price level.
    Jan 5, 2014. 11:41 PM | Likes Like |Link to Comment
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