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magnum205

magnum205
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  • RPM Inc (RPM): FQ2 EPS of $0.4 misses by $0.02. Revenue of $1.02B (+11.1% Y/Y) beats by $21.66M. (PR[View news story]
    In my view their dividend is protected and if the stock eases down, it is a buying opportunity. It is still a well run largely family run and family started business with the integrity and work ethic of the Sullivans.
    Jan 8 07:51 AM | 1 Like Like |Link to Comment
  • In something of a man-bites-dog story, a jury in West Virginia finds two attorneys at a Pittsburgh-based firm guilty of civil racketeering for conspiring to fix evidence in an asbestos case filed against CSX (CSX -0.8%). The railroad operator won $429K in the case, an amount than can end up being tripled under the terms of the RICO Act. [View news story]
    I wonder if they will be disbarred? This indicates a level of desparation on the part of these lawyers. I wonder if the asbestos issue is finally drying up after all these years?
    Dec 23 07:04 AM | Likes Like |Link to Comment
  • Goldman Vs. JPMorgan For Your Portfolio [View article]
    I love JPM and its management. They performed brilliantly in this past crisis and my thoughts on Bear Stearns and WaMu are that the actual value (instrinsic and intangible) is not easy to calculate but given the price paid out of existing cash....the upside potential clearly outways the downside it will be interesting to see how this goes for JPM in 5 to 8 years when we see inflation take hold. I think they are positioned to weather any of these storms and continue to improve shareholder value.
    Dec 10 06:43 AM | Likes Like |Link to Comment
  • RPM (RPM) declares $0.225/share quarterly dividend, in line with previous. Forward yield 3.12%. For shareholders of record Dec. 17. Payable Dec. 28. Ex-div date Dec. 13. (PR[View news story]
    I love this company. There are several dividend champs like this one. Diebold and WD 40 are two more. I love the responsiveness of RPM to small shareholders. The Sullivans have always felt small shareholders were important to RPM's health. That culture continues with current leadership.
    Dec 8 08:12 AM | Likes Like |Link to Comment
  • RPM (RPM): FQ1 EPS of $0.64 in-line. Revenue of $1.05B (+6.2% Y/Y) in-line. (PR[View news story]
    RPM is one of those few stocks that you buy and keep because of stability and excellent management. The Sullivans started the company and have been growing shareholder value from the beginning. The 3rd generation of family is now running it and continues to grow the business.
    Oct 3 08:20 AM | Likes Like |Link to Comment
  • Weyerhaeuser: A Timber REIT To Buy On Dividend Growth [View article]
    I agree, they have great potential and I too am long on WY.
    Aug 29 11:58 PM | Likes Like |Link to Comment
  • JPMorgan (JPM) appoints former Exxon CEO Lee Raymond as the chairman of a board committee that's investigating the bank's multi-billion dollar "London-whale" trading blunder, the WSJ reports. "He won't whitewash anything," says former JPM director John Biggs of Raymond, who, says a source, was "tough as nails" when at Exxon. [View news story]
    I don't believe it was fraud on the part of Jamie Dimon. He will accept responsibility as leader but this issue is actually rather small and can be dealt with quietly. 2 to 4 billion dollars to a company holding between 1/2 and 1 trillion dollars in cash is not material. Get rid of those responsible for the trades and move on. I believe Jamie Dimon will correct this problem and move the company forward.
    Aug 20 09:08 AM | Likes Like |Link to Comment
  • Weyerhaeuser, The Last Timber REIT [View article]
    I am long on WY but I am not real crazy about REITs in general. The reason I am long is because management seems to have negotiated through very difficult times and emerged in tact. With recovery (slow and steady) the pent-up demand for housing is going to increase slowly at first but, I think, steadily and will improve the bottom line. The company has good upside potential with very little risk.
    Jul 27 07:38 AM | Likes Like |Link to Comment
  • Jamie Dimon Continues To Be The Model CEO [View article]
    I don't agree about Jamie Dimon, he does a good job of minding a very large store. He is the Banker's Banker. He is excellent and he maintains very high standards. I don't believe anyone in the banking industry fully understands the economic behavior surrounding derivatives. I believe you will see Chase move away from these instruments as a result of this uncertainty. If you recall, Chase was requested by the US to purchase Bear Stearns early in the foreclosure crisis. I believe that much of these problems stem from that purchase. Chase itself was and is extremely well run. It still sets the standard for operations under extraordinary economic conditions. Its only reason for taking government money in the foreclosure crisis....Because of government request to purchase Bear Stearns and Washington Mutual..... Chase was the only bank able to perform those purchases. They had adequate liquidity. In my view, any dip in share price is a buying opportunity.
    Jul 16 07:19 AM | 1 Like Like |Link to Comment
  • CalPERS will lead a group of pension funds pushing for a nonbinding proposal to split the jobs of Chairman and CEO at JPMorgan's (JPM) annual meeting today. For now, the pension giant supports executive compensation proposals, but warns the trading losses may force a change in its stance towards 2013 pay.  [View news story]
    I don't agree, Jamie Dimon has done supperbly in this recession. This is a burp and is limited. The company has almost 1 trillion in cash and over 2 trillion in total assets. Loosing this 2 billion is like someone loosing two or three dollars. We don't like it but it happened and I am sure it won't happen again. Jamie Dimon has my complete support. It would be foolish to change anything.
    May 15 08:08 AM | 1 Like Like |Link to Comment
  • For True Long-Term Value Investors, JPMorgan's Fall Presents A Buying Opportunity [View article]
    I feel the current issue with JPM is not an issue. Jamie Dimon has proven himself to be a skilled banker and interested in shareholder value. JPM has nearly 1 trillion in cash assets and can handle this loss and many more like it. The worst of the economic downturn is behind us and this is a burp. The problem here is over zealous hedge fund managers. We are ignoring the many gains that JPM has made in the same time frame. I am long on JPM and will continue to be.
    May 13 08:12 AM | 2 Likes Like |Link to Comment
  • Compensation packages for Jamie Dimon and other JPMorgan Chase (JPM) execs are endorsed by ISS - whose negative recommendation helped sink a similar plan at Citigroup - while also favoring an independent board chairman, which the bank opposes. Given JPM’s "lagging shareholder returns... shareholders could benefit from independent leadership on the board," ISS ...  [View news story]
    Hi richperson,
    If you recall Bear Stearns was purchased by JP because it was felt by the feds that this would prevent a market panic. JP was asked because they had the resources to act on this request and they were not having reserve problems. They had very little exposure to the problems developing in our economy a the time. The bail out you talk about was done because of Bear Stearns, otherwise JP Morgan would have had no need for the funds. The 28 million was earned by good management and I don't see a problem here. Shareholder value continues to improve and that is the outcome we are paying for.
    May 2 08:22 AM | Likes Like |Link to Comment
  • Compensation packages for Jamie Dimon and other JPMorgan Chase (JPM) execs are endorsed by ISS - whose negative recommendation helped sink a similar plan at Citigroup - while also favoring an independent board chairman, which the bank opposes. Given JPM’s "lagging shareholder returns... shareholders could benefit from independent leadership on the board," ISS ...  [View news story]
    I don't see a problem with his pay level. He was astute enough to usher JP Morgan through a very difficult economic downturn and now JP Morgan is returning to the dividend levels prior to the Great Recession. Full return will take time but I am patient and I believe that the current leadership of JP Morgan is appropriate. The other big banks weren't managed nearly as well. I do believe Jamie Dimon will continue to act in the best interests of shareholders as he has done in the past. I wouldn't support him if he didn't.
    Apr 30 06:31 PM | Likes Like |Link to Comment
  • Why JPMorgan Is A Strong Pick Among Bank Stocks [View article]
    We forget that the only reason Chase ever got into to the foreclosure mess was at the request of the federal government to buy Bear Stearns. Otherwise they had very little exposure. The point is they were asked to do this because they could afford it. Chase is a well managed banking company and I have promoted it and been long on it for several years. They have excellent management and have positioned themselves to a point that one may ask "so where do we want to go from here?" and they have many good options. It is a bright future at this point.
    Apr 25 08:38 AM | Likes Like |Link to Comment
  • JP Morgan Healthcare Conference 2012: Insights From Jamie Dimon [View article]
    I am self employed(for 30 years) in the midwest and I am a self motivated investor (for more than 30 years). I am in an area of economic depression that hasn't fully recovered from the 1980 recession.
    Feb 13 12:54 PM | Likes Like |Link to Comment
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