A group of major retailers (TGT, M, TJX, KSS) file a new lawsuit against Visa (V -1%) and MasterCard (MA -1.2%) over the interchange fees the payment companies charge as a sweeping $7.25B negotiated settlement on the issue appears in danger of crumbling. [View news story]
Are these guys opting out after agreeing or what?????
Continental Resources: High Growth Rate Not Necessarily The Best Long-Term Strategy [View article]
Great Article. But as Iam sure you know "Wall Streets Mantra" is what have you done for me lately???? Translation= Did you meet your quarterly estimates????
North Dakota Oil Production Growth Is Slowing - Is This Temporary Or Will It Continue? [View article]
No matter what anyone says or trys to argue "the law of large numbers" will intervene at some point. I don't look at this as a negative. Afterall you want the price of oil to stay somewhat high if you are an oil investor. CLR is a fabulous company and with their 1.1 million acres in the Bakken should enjoy many years of production.
Kodiak Oil and Gas' CEO Presents at 2013 UBS Global Oil and Gas Conference (Transcript) [View article]
KOG is my number one position. Incredible story. Sweet spot of the Williston Basin. Increasing BOE by leaps and bounds. Incredible opportunity still in front of them. But they never seem to hit their EPS estimates and the stock price just continues to go no where in a hurry. You need the patience of Jobe with these guys.
Agrium: Essential To Food Production And A Good Addition To Your Portfolio [View article]
Richard; I agree with you 100%. This looks like a very solid company in a great industry. The worlds population is growing and that should benefit Agrium greatly. My only other comment would be is that their growth going forward looks somewhat "subdued" according to the analyists that follow the stock. The analyists are projecting EPS of $9.50 for 2013 and only $9.61 for 2014. Thats a very small gain in EPS. Plus their projections for EPS over the next 5 years comes in at a paltry 5%. Hard to see the stock doing a whole lot if that is indeed correct according to all the analyists that follow this company. I don't own it but have thought about buying it many times but just can't seem to pull the trigger.
Trying To Get In On The Ground Floor Of A High Growth Market - Daily Fantasy Sports [View article]
When I think of a "high growth market" I think of something that virtually everyone uses. Not just gamers. Some examples I would offer would be the early days of Coke, Pepsi, Amazon, Visa, etc. In other words products that almost everyone uses.
Visa Offers Promising Growth In The Future [View article]
To BuyandHold; I can tell that you are a very good man. Not to mention very intelligent. I have to admire you and your dad if you own 37 stores. Thats got to be a ton of work and the stress much be off the charts!!!! Small pun intended. Anyway, I think we both actually agree very much about "V". Good Luck to You and Keep in Touch.
Visa Offers Promising Growth In The Future [View article]
To BuyandHold; You never really asked me but I will just voluntarily tell you. I OWN VISA AND WILL FOR MANY YEARS INTO THE FUTURE. Now, that we got that out of the way. My comment is still true. V is a little "Pricey" at $182 against 2014 estimates. But I have to agree with you if you are a long term thinker and holder of quality companys you will be just fine. I think you said you are in your late 20's so you definitely have "time on your side". Good Luck to you. I try hard to get along with everyone on these boards. I have been investing "diligently" for close to 40 years now so I've seen it all and then some. There is "much truth" in my earlier postings on these companys. Always remember this, the Gov. can come along and spoil a good party at any time. If you remember back to around 2000 thats what happened to MSFT the gov. said "ah haw you've got a Monopoly" and we're going to take the punch bowl away and end this party!!!!!! And they certainly did just that. Back then I sold out of my MSFT at around $101 per share and it has never recovered. Down about 70% and thats 13 years ago!!!!!! Its worth remembering.
Visa Offers Promising Growth In The Future [View article]
To "BuyandHold"; First of all I fully agree with you that Visa is a great company and has a ton of growth left in it. But I will stand "solidly" about my comments that "Oak Trees Don't Grow To The Sky Forever". Just do a study on the likes of Microsoft, Cisco, Pfizer, Merck, and others. Everybody and their brother thought at one time they were going to grow their earnings greatly into perpuituty. Well we found out how that turned out didn't we???? Go back and look at their long term charts and you will see what Iam talking about. Visa will grow nicely for a long long time but everything at some point will slow down. When that day comes Visa will get "repriced" as a value stock instead of a growth stock. Hence the name "even Oak Trees Don't Grow to the Sky Forever". I might even add that today V is over $183 a share and against estimates of $8.65 for 2014 earnings that gives it a PE of over 21 times next years earnings. VERY EXPENSIVE AT THIS POINT IN TIME.
Visa Offers Promising Growth In The Future [View article]
You mentioned delinquency rates. I have read many times that Visa has no risk and the banks take all the risk. Why would they have delinquency problems????
Kodiak's CEO Presents at BAML 2013 Global Energy and Power Leveraged Finance Conference (Transcript) [View article]
First of all let me say that I own a ton of KOG and have now for over 18 months. Then just let me say if this company was called Amazon or Visa it would have a "PE" that was in the stratasphere. But because they are in the oil patch they get no respect whatsoever. Last quarter the street was looking for .14 cents and they came in at .07 cents. There's your problem in a nutshell. You can pump all the oil in the world but if you can't hit your numbers (and they rarely do) you get the same respect as old Rodney Dangerfield. Iam starting to question the Mgmt. of this company. CLR and EOG blew their numbers last quarter out of the park. Why can't these guys????
Continental Resources (CLR) disclosed in February it was committing $95M to an unnamed oil pipeline, but it turns out the pipeline is a $300M project being developed by a partnership controlled by founder Harold Hamm and his family. Directors say the deal was fully vetted to avoid conflicts of interest, but investors are growing increasingly wary of close ties between energy companies and their executives. [View news story]
It does seem a little odd that Harold would put himself in this postion. McClendon did the same kind of stuff. Why can't these guys learn. Harold is only worth around 6 Billion or so but its apparently not enough.
Evaluating Enterprise Products Partners' Distribution [View article]
Extremely well written article. I have owned EPD for many many years. Got in around $27 or so. Its just such a great company that now I just can't bring myself to sell it. When I got in the distribution yield was well over 7% because back then not many people had even heard of this great company. Now Iam afraid that everybody and his brother have plowed into it and hence the yield is not really all that attractive. Probably the best MLP out there.
This is indeed an incredible company. But its low forward looking PE tells me its another Rodney Dangerfield in the oil patch. I have owned it for over 5 years now. But when you look out there at the entire investing universe there are many other very boring companys that have beat it hands down. Just as an example look at Disney over the last 5 years.
A Growth Powerhouse Ideal For Long-Term Investors [View article]
I also love Amazon. Its a great company with great growth in front of it. The only thing that has kept me from buying it with both hands is the absolute "astronomical PE".
A group of major retailers (TGT, M, TJX, KSS) file a new lawsuit against Visa (V -1%) and MasterCard (MA -1.2%) over the interchange fees the payment companies charge as a sweeping $7.25B negotiated settlement on the issue appears in danger of crumbling. [View news story]
Continental Resources: High Growth Rate Not Necessarily The Best Long-Term Strategy [View article]
North Dakota Oil Production Growth Is Slowing - Is This Temporary Or Will It Continue? [View article]
Kodiak Oil and Gas' CEO Presents at 2013 UBS Global Oil and Gas Conference (Transcript) [View article]
Agrium: Essential To Food Production And A Good Addition To Your Portfolio [View article]
Trying To Get In On The Ground Floor Of A High Growth Market - Daily Fantasy Sports [View article]
Visa Offers Promising Growth In The Future [View article]
Visa Offers Promising Growth In The Future [View article]
Visa Offers Promising Growth In The Future [View article]
Visa Offers Promising Growth In The Future [View article]
Kodiak's CEO Presents at BAML 2013 Global Energy and Power Leveraged Finance Conference (Transcript) [View article]
Continental Resources (CLR) disclosed in February it was committing $95M to an unnamed oil pipeline, but it turns out the pipeline is a $300M project being developed by a partnership controlled by founder Harold Hamm and his family. Directors say the deal was fully vetted to avoid conflicts of interest, but investors are growing increasingly wary of close ties between energy companies and their executives. [View news story]
Evaluating Enterprise Products Partners' Distribution [View article]
Continental Resources: Biggest Bakken Producer Delivers Huge Production Growth [View article]
A Growth Powerhouse Ideal For Long-Term Investors [View article]