Deutsche Bank's Sherri Scribner (who likes the HDD space) upgrades Seagate Technology (STX) to Buy from Hold and raises the price target on it ($46 from $40) and shares of Western Digital (WDC). She says outperformance stemming from "the impact of the Thailand floods, which reset pricing and profitability higher" and industry consolidation will continue to benefit the two companies which Jim Chanos recently called value traps (STX is his favorite short). Meanwhile, SA contributor Sneha Shah also likes the industry consolidation thesis. (See also: Lazard's PT boost for WDC) STX +.85% premarket. [View news story]
Diana Containerships Business Model Continues To Deteriorate [View article]
I'm having fun with this and I am learning things in the process.
I'm looking at the "dividend policy" that you linked to.
It talks about "available cash from operations during the previous quarter". It doesn't say "quarterly net increase in cash".
To me, "available cash" IS the big pot of money sitting on the balance sheet at the end of the quarter.
The fact the they don't have "earnings" or "cash flow" during a quarter is worrisome, but I don't see continuing to pay a dividend out of "available cash" as a deviation from the policy.
My next study will be the disposition of the APL Sardonyx and APL Spinel vessels.
I'm going to read back through your work to see if I can determine what they bought them for, how much they earned with them, what their salvage value might be, and can they move up to a larger vessel or vessels without taking too many balance sheet damage points.
Barrick Gold (ABX -0.5%) is halted on news Chile's environmental regulator has imposed a $16M fine - the maximum allowed under Chilean law - and stopped construction on its $8.5B Pascua-Lama project, citing "serious violations" of its environmental permit. [View news story]
It's my fault.
I just sold puts on ABX before this news came out.
"Every business is going to have cycles (of) good times and bad times," says American Capital (AGNC, MTGE) CIO Gary Kain, speaking at a conference (transcript) (presentation), and not willing to admit this is a bad time. The reality, he says, is all those Fed purchases haven't tightened up mortgage spreads all that much. "(It's confusing to me ... I mean we didn't expect them to perform the way they did." [View news story]
It's comforting to hear that Mr. Kain is confused by the market he is trying to "control".
I read the transcript and my wrists are intact.
I'm short June puts that give me a $28.09 price. It's getting dicey.
Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye (SBGL), Harmony (HMY) and AngloGold (AU), plus Peru's Buenaventura (BVN) are stronger, even as their corresponding country ETFs (EZA; EPU) are in the red. [View news story]
The analysis might be inane, but I'm to stupid to understand it anyway.
Even as H-P (HPQ +15.6%) shares enjoy another big rally in the wake of last night’s quarterly results, Topeka Capital's Brian White sees only a "sugar high... not a sustainable trend." While the upside excites bulls in the short-term, the fact remains that H-P’s profits and sales have dropped for seven quarters in a row, he says, maintaining his Sell rating and $12 price target. [View news story]
I don't know.
There could be a stock split, a big dividend, or something.
The broad selloff isn't touching H-P (HPQ +14.2%) following last night's earnings. Jefferies' Peter Misek weighs in with an upgrade from Sell to Hold. He praises H-P for having the discipline to sacrifice PC market share to retain profitability (unlike DELL; Whitman (transcript): "Maybe that's what you do when you're about to go private.") Misek also likes the cash flow guidance of $7.5B - "(it) materially changed our view of H-P margin, cash flow, and EPS prospects." [View news story]
If you took Mr. Misek's advice previously, what exactly would you be holding?
I'm holding a BLT, a 25% gain in HP shares, and a 2.99% YOC.
Diana Containerships Business Model Continues To Deteriorate [View article]
Mr. Mintzmyer,
I listened to the EC replay this morning.
You should have been the sole Q&A questioner.
I get the impression that the analysts I heard in the Q&A are relatively unfamiliar with what DCIX is doing.
I was most curious to hear what management said about the financing.
My take is that the "ATM" is a way to bring cash in without the shock of a full blown secondary offering. I had to study up on ATMs this morning. I think I get the drift. (Shareholder friendly death by a thousand cuts.)
I'm going to look for the PR that announced the "loan" to see if I can learn how it is structured. I get the impression that an ATM is tied to and secured by(?) a "shelf registration".
This REIT Is Approaching Bubble Territory [View article]
When's the sale?
HP Could Double... Again [View article]
Get on board. It's going to be fun.
I'll have Aunt Meg save you a piece of pie.
Is This Miner Worth Its Weight In Gold? [View article]
I sold puts on it today. Minutes later the news hit and trading was halted.
Have a nice weekend TwistTie.
Deutsche Bank's Sherri Scribner (who likes the HDD space) upgrades Seagate Technology (STX) to Buy from Hold and raises the price target on it ($46 from $40) and shares of Western Digital (WDC). She says outperformance stemming from "the impact of the Thailand floods, which reset pricing and profitability higher" and industry consolidation will continue to benefit the two companies which Jim Chanos recently called value traps (STX is his favorite short). Meanwhile, SA contributor Sneha Shah also likes the industry consolidation thesis. (See also: Lazard's PT boost for WDC) STX +.85% premarket. [View news story]
Diana Containerships Business Model Continues To Deteriorate [View article]
I'm looking at the "dividend policy" that you linked to.
It talks about "available cash from operations during the previous quarter". It doesn't say "quarterly net increase in cash".
To me, "available cash" IS the big pot of money sitting on the balance sheet at the end of the quarter.
The fact the they don't have "earnings" or "cash flow" during a quarter is worrisome, but I don't see continuing to pay a dividend out of "available cash" as a deviation from the policy.
My next study will be the disposition of the APL Sardonyx and APL Spinel vessels.
I'm going to read back through your work to see if I can determine what they bought them for, how much they earned with them, what their salvage value might be, and can they move up to a larger vessel or vessels without taking too many balance sheet damage points.
Barrick Gold (ABX -0.5%) is halted on news Chile's environmental regulator has imposed a $16M fine - the maximum allowed under Chilean law - and stopped construction on its $8.5B Pascua-Lama project, citing "serious violations" of its environmental permit. [View news story]
I just sold puts on ABX before this news came out.
Sheeeesh!
Ranking The Russell 1000 Stocks By Dividend And Earnings Yields [View article]
They pay special dividends.
How do we estimate what the forward yield will be?
Hewlett-Packard: Successful Turnarounds 101 [View article]
I already forgot about this.
Thanks for the reminder.
"Every business is going to have cycles (of) good times and bad times," says American Capital (AGNC, MTGE) CIO Gary Kain, speaking at a conference (transcript) (presentation), and not willing to admit this is a bad time. The reality, he says, is all those Fed purchases haven't tightened up mortgage spreads all that much. "(It's confusing to me ... I mean we didn't expect them to perform the way they did." [View news story]
I read the transcript and my wrists are intact.
I'm short June puts that give me a $28.09 price. It's getting dicey.
Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye (SBGL), Harmony (HMY) and AngloGold (AU), plus Peru's Buenaventura (BVN) are stronger, even as their corresponding country ETFs (EZA; EPU) are in the red. [View news story]
Gold seems to have a mind of its own.
Explain that.
Even as H-P (HPQ +15.6%) shares enjoy another big rally in the wake of last night’s quarterly results, Topeka Capital's Brian White sees only a "sugar high... not a sustainable trend." While the upside excites bulls in the short-term, the fact remains that H-P’s profits and sales have dropped for seven quarters in a row, he says, maintaining his Sell rating and $12 price target. [View news story]
There could be a stock split, a big dividend, or something.
Hey, what about dividends?
Toronto Dominion Management Discusses Q2 2013 Results (Webcast) [View article]
I like it.
I haven't seen an audio link like this before.
How Would The End Of The Fed's QE Affect Agency mREITs? [View article]
After that, I look at the dividends.
If we don't buy shares now, these companies are going to gobble themselves up.
The broad selloff isn't touching H-P (HPQ +14.2%) following last night's earnings. Jefferies' Peter Misek weighs in with an upgrade from Sell to Hold. He praises H-P for having the discipline to sacrifice PC market share to retain profitability (unlike DELL; Whitman (transcript): "Maybe that's what you do when you're about to go private.") Misek also likes the cash flow guidance of $7.5B - "(it) materially changed our view of H-P margin, cash flow, and EPS prospects." [View news story]
I'm holding a BLT, a 25% gain in HP shares, and a 2.99% YOC.
I'm going to write Aunt Meg a thank you note.
Diana Containerships Business Model Continues To Deteriorate [View article]
I listened to the EC replay this morning.
You should have been the sole Q&A questioner.
I get the impression that the analysts I heard in the Q&A are relatively unfamiliar with what DCIX is doing.
I was most curious to hear what management said about the financing.
My take is that the "ATM" is a way to bring cash in without the shock of a full blown secondary offering. I had to study up on ATMs this morning. I think I get the drift. (Shareholder friendly death by a thousand cuts.)
I'm going to look for the PR that announced the "loan" to see if I can learn how it is structured. I get the impression that an ATM is tied to and secured by(?) a "shelf registration".
Am I on the right track?