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PalmDesertRat

PalmDesertRat
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  • Valmont Industries: A Series Of Growth Opportunities Fit Company Strategy Perfectly [View article]
    On the various graphs, if you eliminate the peaks in the middle, the current price seems to be a fair one on a historical basis. No bargain.
    Aug 21 08:00 AM | Likes Like |Link to Comment
  • Why Mattel Shareholders Should Be Concerned [View article]
    One thing that always gave me some comfort about MAT was their large stock buybacks.

    In the most recent quarter,however,the diluted share count was actually up from the previous quarter.
    Aug 21 07:57 AM | Likes Like |Link to Comment
  • J.M. Smucker Has Room To Grow After Today's Earnings Release [View article]
    SJM has been on my list for a long time, but I've never bot it,yet.

    One thing which bothers me is the apparent control of the company by the Smucker family. My experience with such cases is that the family looks after itself first and maybe the outside shareholders last.

    Any thoughts?
    Aug 21 07:55 AM | Likes Like |Link to Comment
  • Western Gulf lease sale draws $110M in high bids, Conoco wins coveted block [View news story]
    did BHP win any bids?
    Aug 20 03:22 PM | Likes Like |Link to Comment
  • Woodside reports record H1 profit, eyes M&A opportunities [View news story]
    How about ALL of APA? They can have my shares.
    Aug 20 10:17 AM | Likes Like |Link to Comment
  • Rackspace Hosting Is A Buy [View article]
    I'm more of a minnow, but I still like the company.
    Aug 20 10:08 AM | Likes Like |Link to Comment
  • Rackspace Hosting Is A Buy [View article]
    Opened a position today at 32.45.

    Now that I'm in, it's ok to go ahead with the restructuring/takeover :)
    Aug 20 09:45 AM | Likes Like |Link to Comment
  • Will Oil Prices Keep Falling? [View article]
    You say the oil price is likely to get to the low 90's. Yesterday the nearby futures contract touched 94.26, which is already in the low 90's.

    When oil prices drop, consumption increases and costly development projects are delayed, postponed, or cancelled. Both put a prop under the oil price.

    Now is a good time to be adding to the oil producer portfolio. The time to sell was when oil was above 100.

    imho
    Aug 20 08:11 AM | Likes Like |Link to Comment
  • Buffett's pullback in oil companies looks prescient, as crude slide continues [View news story]
    MPC took a nice pop today and is back above its level of 6/30. If that's due to a collapsing WTI spread, bring it on.

    What about the crack spread? That should be widening, with crude prices weak. In any event the time to buy is when prices are down, and sell when prices are up. So I've been selling bits of MPC and adding to my producers. Maybe Uncle Warren is doing the same.

    When crude prices recover and the crack spread narrows, it will be time to sell some producers and buy the refiners again.
    Aug 19 11:05 PM | 1 Like Like |Link to Comment
  • Buffett's pullback in oil companies looks prescient, as crude slide continues [View news story]
    I thought Uncle Warren was a long-term investor? Or does he play the market like a lot of other people.

    Also, it's curious that he would sell refiners and producers at the same time. In my experience the refiners often move counter to crude prices.

    The data for Buffett are for the second quarter which ended quite a while ago. With crude prices falling here in August, we might read in October that in August he bought producers. I am.
    Aug 19 08:05 PM | 9 Likes Like |Link to Comment
  • Emerson Electric: A Business Transformation Play And Increasing Dividends [View article]
    I was looking at EMR vs the market when I said it's cheap. Also, I focus on ebitda/total liabilities and ebitda/market cap. by those measures it's cheap. of course it could always get cheaper.
    Aug 19 12:17 PM | 1 Like Like |Link to Comment
  • Emerson Electric: A Business Transformation Play And Increasing Dividends [View article]
    $63 is certainly better than what I paid. good call.

    The way I invest is to find good companies which are out of favor and average down if possible. If it drops to the 62 area I'll be adding.
    Aug 19 10:57 AM | 1 Like Like |Link to Comment
  • Emerson Electric: A Business Transformation Play And Increasing Dividends [View article]
    Took a position today at 63.937.

    EMR's a great company, it's not often it's cheap. Now it's cheap, imho
    Aug 19 09:51 AM | 2 Likes Like |Link to Comment
  • SM Energy: Now Official - A 20% Production Grower Spending Within Its Means [View article]
    Thanks- I didn't think EGN would make the cut, although I look at all liabilities, not just debt. They have a big deferred tax item plus some other non-debt liabilities.

    I haven't bot any EGN but they're on my watch list, as are XEC and CXO. I'm kicking myself for not buying XEC in the 90's a few months ago. If crude prices stay weak it might come back down yet.
    Aug 18 06:53 PM | 1 Like Like |Link to Comment
  • SM Energy: Now Official - A 20% Production Grower Spending Within Its Means [View article]
    Would you know which names go with the bars to the left of SM in the debt-to-ttm graph?
    Aug 18 06:05 PM | Likes Like |Link to Comment
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