Seeking Alpha

Humble Eagles

Humble Eagles
Send Message
View as an RSS Feed
View Humble Eagles' Comments BY TICKER:
Latest  |  Highest rated
  • 3D Systems: All In [View article]
    That is what they are working on with the USAF. You can read about it on their website.
    Aug 7, 2015. 12:33 PM | Likes Like |Link to Comment
  • 3D Systems: All In [View article]
    Well, that was my point, Robert. They will be very profitable without being cheaper than mass production, although mass production is certainly possible and I think even likely down the road. When an airplane has to sit and wait on mass production to get fixed, shop level production will be much cheaper. On your other point, yes. Titanium is pretty hard. You can check down at your auto parts store and find knock-offs all day long. I suspect NAPA has the copyright issue covered.
    Aug 7, 2015. 09:56 AM | Likes Like |Link to Comment
  • 3D Systems: All In [View article]
    Robert, you could have said that about a lot of technologies in the past! The statement is true until it isn't, but that is usually too late from an investment standpoint. I was discussing this on another thread earlier this week, and I pointed out the USAF contract for heat exchangers. They don't drop millions on companies unless they are pretty sure the capability could be developed. The engineering standards for pressure, stress, manufacturing tolerance, and reliability requirements of heat exchangers in jet engines are off the charts. If DDD is even close to meeting the USAF standards these machines can do more than most people can imagine. Think about the possibilities for auto parts. These machines could revolutionize reverse engineered parts. We have all had to buy a Lexus, or Honda, or Ford plastic part for $80 that one of these machines could make for peanuts. It may happen in two years, and it may take ten, but it will likely happen. There are many other applications in the medical/dental, technology, and education fields. This pullback provides quite an opportunity IMO. I would try to invest a little in several of the leading names, rather than betting it all on predicting the winner. GLTA.
    Aug 7, 2015. 09:25 AM | 2 Likes Like |Link to Comment
  • Vereit unveils plans, sets guidance, re-establishes dividend [View news story]
    I agree that it was a refreshing CC! I would love to add some VER (have a little) because I'd like to make back what I lost on ARCP. However, I was looking at how similar LXP's numbers are to VER. Similar price, but LXP has a much higher AFFO and a higher dividend and I realized there are probably better deals out there...Good luck to all.
    Aug 6, 2015. 08:10 PM | 1 Like Like |Link to Comment
  • 3D Systems: All In [View article]
    The problem is that you don't know what tomorrow brings and neither does anyone else. When AMZN crashed and lost more value than DDD back after the '99 bubble (90s to about 6), people said similar things about the then dead Amazon. Who wouldn't like to have that ~100 bagger in their portfolio now? Additive manufacturing is a very legitimate technology. I will admit to you that I don't know who will win and who will lose, but DDD is a very credible player. I own pieces of several of these companies and recommend the same to others. I wouldn't bet the farm on it. I agree with George on this one. Now is the time to be establishing a long term position imo.
    Aug 6, 2015. 07:55 PM | 7 Likes Like |Link to Comment
  • Medical Properties Trust raises capital [View news story]
    All good points, rob, and I would agree they might have misread the landscape. I think they see the Capella assets and just assume that Mr. Market is going to agree with them. The fact that they wouldn't take less than 12.25 is a good sign in my view. You have to decide if this is a stumble by a usually solid team, or another stumble from a chronic stumbler. I like their geography, assets, and they have done a pretty good job in the past. However, there is always a scary/bad reason that value gets put on sale.
    Aug 6, 2015. 02:42 PM | 1 Like Like |Link to Comment
  • Medical Properties Trust raises capital [View news story]
    Solid hospitals, good REIT, excellent yield. Mr. Market is just hating on REITs and this secondary attempt shows it pretty well. I see it as a time to buy some great hospitals at a cheap price. Should be a great B&H investment imo. There is a reason that value often wins the marathon. The extra percent or two on discount names makes a huge difference over the long haul. GLTA.
    Aug 6, 2015. 02:08 PM | 1 Like Like |Link to Comment
  • Is Medical Properties Trust Growing Durable Dividends? [View article]
    I really like having medical REITS in my retirement portfolio, and when quality hospitals go on sale with > a 7% divvy for the mothership, I add to the program. It is worrisome that they couldn't sell the shares, but that has put a good company on sale imo. At any rate, the loss was clearly secondary induced. GLTA.
    Aug 6, 2015. 01:40 PM | 1 Like Like |Link to Comment
  • 3D Systems now up 20.2% post-earnings; SSYS, XONE, VJET also jump [View news story]
    Very likely, and the short interest might have gone up because of the flurry of bad news recently. I thought this might happen, but the shorts had better hope there isn't even a hint of good news. A big fish or even an agreement could really cause a pop. When you get this high on the short interest, it is very dangerous. Bubbles can happen on the short side, too. These are good companies in a good industry, but like computers in the 90s and many other examples, the hype got ahead of reality. IMO, this is still a great level to add for a long term position. GLTA.
    Aug 6, 2015. 11:16 AM | 1 Like Like |Link to Comment
  • Medical Properties Trust raises capital [View news story]
    They couldn't sell the shares at a decent price! They stopped the bleeding at 12.25 on a smaller offering. This might be a shot across the bow of REITs in general, and it might be MPW in particular, but the demand for shares isn't too healthy!
    Aug 6, 2015. 10:47 AM | Likes Like |Link to Comment
  • More on Select Income REIT Q2 results [View news story]
    Vol, after reading over some of your comments, I suspect you know a lot more about this than I do. Stepping aside from the soap opera, I don't understand why you pay for a new investment with shares when they yield ~10%. Why not use cash or debt instead? I love dividends, but I'm scared of dilutive secondaries/issuances when the stock has fallen 30% and the yield is way higher than comparable companies--especially with fee based, externally managed entities. Be happy to hear your take on it...
    Aug 6, 2015. 09:51 AM | Likes Like |Link to Comment
  • American Airlines: Surprise Yield Play [View article]
    Exactly. When a stock makes it into the 3.XX-4 PE ratio range, the math just doesn't work out well for it staying in the basement. The stock is so cheap that a small percentage of cash buys back large percentages of the company. I'm fine with AAL staying down so the company can buy back 5-10% of the stock every year. They can then raise the dividend by the amount of the reduced share count and not raise the payout, while the yield goes up every year. Mr. Market is in denial; he simply can't believe that an airline could be a good investment.
    Aug 4, 2015. 06:07 PM | 10 Likes Like |Link to Comment
  • 3D Systems, Stratasys tumble again [View news story]
    Aviation is great for providing spinoffs. If Arcam can meet Boeing/Airbus standards, auto parts are going to work, too. The thing that makes aviation a wild card is time. If a shop has a library of parts and they can "print" the missing piece, it puts the plane back in service. Even a day or two can be worth seven figures in certain situations. I haven't followed the personalities much. I do like the potential of the technology a lot.
    Aug 4, 2015. 05:58 PM | Likes Like |Link to Comment
  • 3D Systems, Stratasys tumble again [View news story]
    Andreas, I have owned AMAVF for some time, and I avoided DDD and SSYS until today. They are really cheap. I have a little background and contact with aviation, and I can tell you that enabling parts production in the shop will open a massive business, which is one reason I like AMAVF. My comeback to you is to be careful that you don't write off MIT and the US 3D industry. I like owning all of the potential winners in emerging industries. It is often very unpredictable. People were predicting the death of ARM when Intel ramped up mobile--very smart people. I bucked the advice and bought Intel, AMD, and ARM. My big mistake was selling ARM after it went up to a ridiculous price, but I was very happy I didn't insist on picking the winner.
    Aug 4, 2015. 05:19 PM | Likes Like |Link to Comment
  • 3D Systems, Stratasys tumble again [View news story]
    I don't think it is decrepit, Andreas. Remember, most innovations and innovators have to climb a wall of hostility and skepticism--usually from self-proclaimed experts. I look at things like the million+ contract awarded by the USAF for production of a heat exchanger with Honeywell and Penn State, and the contract with the US Navy. If they can come close enough to interest the AF and Honeywell for a jet engine heat exchanger with their direct metal process, they should be able to do a lot of interesting and profitable work. Aviation alone offers billions in potential, but the applications are mind boggling. I also look at DDD making MIT's 50 smartest list. These aren't dumb investors they are dealing with in these cases. Assuming there is solid expertise, and assuming there is a 20Bn market waiting, I think they may be very cheap right now.
    Aug 4, 2015. 05:03 PM | 1 Like Like |Link to Comment