User 195396

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  • Primero Mining Corporation: How Much Upside Do You Want To Price In?  [View article]
    Solid, very well researched article-I can see that this is your profession.

    Will follow you as you obviously know your business.
    Feb 9, 2016. 11:02 PM | Likes Like |Link to Comment
  • How To Take A Home Run Swing On Crude Oil  [View article]
    The slippage resulting from rolling contracts monthly in a contango environment for USO has always bothered me for any medium term buys >1 month-ok on short term <1 month. Believe the leaps would be similarly affected. I intend to look at other etf's, usl comes to mind but need to do more research.
    Feb 4, 2016. 03:33 PM | 2 Likes Like |Link to Comment
  • 40% Downside In Agnico Eagle Over The Next 3-6 Months  [View article]
    I must agree with hoyt15! .I have no idea where the author came up with the cash flow numbers but they are wrong, incomplete, and misleading. I suggest anyone reading this article to pull out the balance sheet, the income statement, and the cash flow statement. Hoyt15 has provided a link to the news release but just in case, here is a link to the full a Q3 report in PDF format.

    I suggest that the author also take a look at the full Q3 report and compare his numbers, as incomplete as they are, to what is in the full report for Q3.

    I am long AEM. I would invite the author to let us know how his short works out if he executes it.
    Feb 2, 2016. 05:46 PM | 6 Likes Like |Link to Comment
  • Pershing Gold Update And Prospects For 2016  [View article]
    No PEA-long promised but no delivery (conserving cash in a down market could be a factor);
    Financing will be problematic in this credit mkt:
    A fairly frequent pump effort has been associated with this stk in the past, not so much recently;
    Jan 29, 2016. 12:01 PM | 2 Likes Like |Link to Comment
  • Two KaloBios directors bid adieu  [View news story]
    Not sure of if they are lawyers but maybe they will be joining Holder's law firm:
    Dec 28, 2015. 01:41 PM | Likes Like |Link to Comment
  • OPEC's 'World Oil Outlook': Proof Of Its Confusion  [View article]
    This zero hedge article further adds to the saga (and murkiness):
    Dec 26, 2015. 08:46 PM | 1 Like Like |Link to Comment
  • Moody's reviews 29 U.S. E&P companies, seven from Canada for downgrade  [View news story]
    PXD-interesting and perfect timing indeed for the shorts but I'm sure it was a coincidence:
    e.g. PXD closed up on a strong day on Tue, ~$145;
    Wed, the shelling began with the first key stroke, down to ~$135;
    Today, the shelling continued with the first key stroke, down to low of ~$126;
    Bounced last hours to $130;
    moodys report on the tape 2:05 on Wed, obviously some time after the open.
    Nothing to see here, move on thru.
    Dec 17, 2015. 06:15 PM | Likes Like |Link to Comment
  • Moody's reviews 29 U.S. E&P companies, seven from Canada for downgrade  [View news story]
    Rating agencies-hoo boy!

    Interesting timing on this release; report dated Dec 16, not sure when it was released but willing to bet that some of the boyz had access long before the report hit the streets.
    e.g. PXD was seriously whacked yesterday, 16 Dec, the entire day and it continues today.
    The boyz will make a few bucks on these games in a hysterical market.
    Dec 17, 2015. 01:07 PM | 3 Likes Like |Link to Comment
  • Ackman and Valeant will have to face insider trading suit  [View news story]
    Unfortunately, it is absolutely nothing new-the revolving door is one of the factors that make the SEC so corrupt, toothless, and incompetent. They will bang the hell out of the little guy, but to take on the big boyz, not going to happen. Why jeopardize a possible very lucrative job offer by going after the boyz.

    Take a look at Mary Joe White and the dispute with Senator Warren. White is slow walking regs which were required under Dodd-Frank reforms. White's husband is a lawyer in a large wall street law firm. Anyone see a pattern here?
    Nov 12, 2015. 02:55 PM | Likes Like |Link to Comment
  • Ackman and Valeant will have to face insider trading suit  [View news story]
    From a NYT article by William Cohan:

    "Mr. Ackman is no fool. Rather, he is brazenly intelligent — he once volunteered to me, unsolicited, his breathtaking SAT scores – and before leaping into this particular abyss he consulted, deliberately, with Robert Khuzami, the former head of enforcement at the S.E.C., who is now a $5 million-a-year-man at Kirkland & Ellis, the Wall Street law firm. Mr. Khuzami assured Mr. Ackman that buying nearly $4 billion of Allergan’s shares knowing that Valeant intended to start a hostile takeover at a premium to market did not violate the S.E.C.’s rule 10b5-1 about insider trading."

    It probably shows how rotten the enforcement standards are at SEC; of course, Khuzami may have thinking as an advocate rather than strictly interpreting the rule but I do not see how anyone could believe that this was not trading on insider information not available to the public at large.
    Nov 11, 2015. 08:29 PM | 4 Likes Like |Link to Comment
  • Applied DNA: 90+% Downside On Fraud Partners, Opaque U.K. Shell Deal And Paid Stock Promotion  [View article]
    Nothing wrong. Chill.

    I was responding to a question from longimgn asking how he is going to profit-author disclosed that he was short.
    Oct 29, 2015. 11:47 AM | 2 Likes Like |Link to Comment
  • Applied DNA: 90+% Downside On Fraud Partners, Opaque U.K. Shell Deal And Paid Stock Promotion  [View article]
    He is short.
    Oct 29, 2015. 11:35 AM | 6 Likes Like |Link to Comment
  • Dear Valeant: Citron Doesn't Need A 'Smoking Gun'  [View article]
    I would like to see an organizational chart of the consolidated entity. It has been a long while since I was involved with consolidated entities (from the tax side) but I believe that one, the "parent" must own the "sub, ie philador, two, the sub entity must have audited financials. Neither of these requirements are here with philador and probably with other subs. Philador is a private entity and will be audited per the cc. PriceWaterhouse prob is asking some questions as well as the disclosure here for management owned financials has been less than adequate.
    Oct 26, 2015. 08:21 PM | 1 Like Like |Link to Comment
  • Basic Problems With Valeant's Valuation, With Comments On Recent News  [View article]
    Thanks much for an excellent article, Doc!

    I thought I would mention a couple of points ongoing on this debacle:

    The CEO and others have a background from McKinsey; others have Goldman experience. Both firms have a rather suspect reputation for what is called in polite circles as "financial engineering" or in other circles as creative accounting. PriceWaterhouse I believe is the outside auditor, probably under a lot of pressure to pass on some of these procedures.

    Rumors have it that the SEC is investigating-they too are probably under some pressure to take a hard look. To that end, I also note that eight law firms have announced either class actions or investigations within the last couple of days.

    Trading end of day yesterday and today appears to be short covering or hedge funds stepping up to support the price. Ackman announced purchase of 2 mil shares on Wed so possibly some agreement by funds to support price. Not sure if that will suffice if big money starts bailing.

    Anyway, your article was indeed professional, interesting as to the price you mentioned in cmts
    Oct 23, 2015. 02:02 PM | 1 Like Like |Link to Comment
  • Canadian energy stocks to turn red if Harper fails to win upcoming election  [View news story]
    Not a fan at all of the demos who really stand for nothing but who in the GOPer clown car could organize a one car parade. I do not see any hope for our political system.
    Oct 14, 2015. 11:55 PM | 4 Likes Like |Link to Comment