The_Hammer

The_Hammer
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  • The "disconnect" between the price of gold and the valuations of the companies digging it out of the ground hits John Paulson, whose Advantage Plus fund lost 6.7% during April thanks to big bets on gold miners. Gold-mining stocks have gotten hammered of late - far worse than what the price of bullion would suggest. Why a reversion to the mean may be in the offing.   [View news story]
    Bottomline? the p/e's are single digits. in some cases the miners are producing free cashflow and paying a dividend.

    <<An interesting point is that many of the new projects are coming online with a combination of LNG/HFO where appropriate>>

    what's HFO?
    Looking at the charts mining shares have collapsed since like March, but so have oil service and cyclicals. May be some huge rotation out of these by hedge funds.
    May 6, 2012. 04:57 AM | Likes Like |Link to Comment
  • Oil Services: Up, Up And Away?  [View article]
    USA is not the global driver of energy demand anymore. It is emerging markets.

    2008 global energy demand according to IEA was 85.8 mb/d

    today it is 89.9 mb/d.

    As a deep value investor I love the cyclicality of oil cos/service cos offering me up bargains at any whisper of recession.
    May 5, 2012. 06:32 PM | 1 Like Like |Link to Comment
  • The "disconnect" between the price of gold and the valuations of the companies digging it out of the ground hits John Paulson, whose Advantage Plus fund lost 6.7% during April thanks to big bets on gold miners. Gold-mining stocks have gotten hammered of late - far worse than what the price of bullion would suggest. Why a reversion to the mean may be in the offing.   [View news story]
    Hey nicolu, start looking forward not thru the rear view mirror.
    Suncor? Suncor is projecting to produce 1mil barrels a day by 2020.
    Gold miners are at dirt cheap levels. will they act like they did in the late 1970's probably not due to the availability of gold trusts and etfs but these valuations are pretty damn cheap. It is obvious gold gets no respect and will prove these skeptics wrong!!!

    <<Gold between $1600 and 1700 and oil close to $100 mean nothing????>>

    Mean nothing? the cos are generating huge cashflows. Maybe u need to look at the financial statements and valuations not the stock prices.
    May 5, 2012. 06:22 PM | 4 Likes Like |Link to Comment
  • Greenlight Capital Re - A Mini-Berkshire In The Making?  [View article]
    Hey dan good work you learned a good lesson your first article. It is best to be humbled early on.
    Learn to calculate BV and tang book value yourself to confirm. You are quite fortunate to have all this info at a click.
    Good pick. Anyone know what the low on p/bv has been overtime?
    May 5, 2012. 06:07 PM | Likes Like |Link to Comment
  • The headline unemployment rate continues to improve, but mostly thanks to the way it's calculated. Today's decline in the labor force participation rate to 63.6% brings the level to a 3-decade low. (h/t Scotty Barber)   [View news story]
    I wonder how many of these non-participants have applied for ssdi.
    soc sec disability. Numbers are going up probably not at this level, but govt transfer payments continue to soar.
    Buffett keeps talking trash about housing and we need more housing activity. NO WE DON"T.

    what we need are good Mfg jobs to produce highly energy efficient THINGS to sell and export. It is coming but it will take time. Unfortunately the Bernank is going to destroy the dollar first and it will happen in a coordinated effort by our competitors/enemies.

    All they have to do is stop taking payments in dollars and demanding things...gold, wheat, corn.......tangible things.
    May 4, 2012. 04:13 PM | 1 Like Like |Link to Comment
  • Aerospace and Defense Stocks: Beaten Down, With Healthy Free Cash Flow, 3%-Plus Dividends  [View article]
    Revisiting a few dogs especially this one which is a serial acquirer, but I do think cyberwarfare will be one of the biggest threats going forward BESIDES the Bernank and the massive govt indebtedness.

    The Pyscho Bernank will conjure up a new name to ease again.
    May 4, 2012. 03:48 PM | Likes Like |Link to Comment
  • Vivendi: Undervalued French Media And Telecom Conglomerate  [View article]
    The stock went ex today.

    How dumb are the markets? why did paying a dividend cause value of the asets to drop 1.30?

    Hang tough and keep some fire power. I am lining up some potential bargains. Bernank will not let anyone down.
    May 4, 2012. 10:58 AM | Likes Like |Link to Comment
  • A Look At Chesapeake Energy's Board Of Directors Compensation  [View article]
    what a pathetic record of directorship.
    May 3, 2012. 02:13 PM | 2 Likes Like |Link to Comment
  • Chesapeake's CEO Once Again Shows Poor Judgment  [View article]
    dude you are delusional. The blame falls squarely on the backs of the board of directors allowing this "gambler" to put the compay in a very risky position. The idiot was warned by analyst and investors early enough to get his house in order as it pertains to debt reduction and to slow down the land grab but no this arrogant prick thumbs his nose at them. Also hedges are used for a reason protecting cashflows. No this idiot pulls off all the nat gas hedges while the company has a massive cap ex budget in 2012 and 2013.
    Southeastern better wake their @$$ up and remove this wart quickly and get someone with some real operational experience running the company. This clown knows nothing about running an E&P company for cashflows and free cashflows.
    May 3, 2012. 01:22 PM | Likes Like |Link to Comment
  • The CEOs from 6 major banks (mostly the usual crew) sat down with Fed Governor Tarullo yesterday to voice their concerns over new regulations and  the recent stress tests.  Of particular concern were rules limiting exposure to other firms and governments (and by definition forcing banks into Treasurys), a view shared by Mexico's central bank chief.   [View news story]
    F%$# those little whiners.
    May 3, 2012. 01:14 PM | 2 Likes Like |Link to Comment
  • Chesapeake's CEO Once Again Shows Poor Judgment  [View article]
    $450,000 yessssman. That comp is outrageous and needs to be downsized like now.

    This board is one of the worst. The board was supposedly not informed of all these transactions and relationships but they still alow him to run the company. what other decisions has he made not consulting board?

    This MFer AM needs to go now and the stock jumps $5-7 a share imo.
    May 2, 2012. 03:41 PM | Likes Like |Link to Comment
  • Chesapeake Energy: Buy Into The Weakness Post-Earnings  [View article]
    1. All the same crony incompetents still in charge

    2. Crony board - Corporate governance is abysmal

    3. Thought hedges were taken off at about $4

    4. HOLY S#@!

    5. Good question but what else would you expect from incompetent/greedy mgt. Of the belief that this mgt has NO idea how to mgt the company for positive cashflow or even for the benefit of shareholder value. Monty Hall would be proud of this bunch. Lets make a Deal.
    May 2, 2012. 01:00 PM | 2 Likes Like |Link to Comment
  • Chesapeake's CEO Once Again Shows Poor Judgment  [View article]
    <<You are making good progress>>

    How is that? Analyst and investors asked this gambler to reduce the debtload. He basically thumbed his nose at them while pimping his net asset to debt levels in the monthly promotion in response. There was plenty of time to get their house in order before ng plunged.
    I still see a bunch of blind mice owning this stock.
    May 2, 2012. 10:44 AM | Likes Like |Link to Comment
  • How Long Before Spain Does Something Crazy?  [View article]
    paulo another great article...I have been eyeing up tef but hesitant due to large debt load.
    DTV has strong presence in LA and is its growth engine.
    Since Spain is in deep financial trouble, some are taking advantage and piling on.
    I expect more resources to be confiscated in the future especially energy related.
    May 2, 2012. 10:38 AM | 2 Likes Like |Link to Comment
  • Chesapeake's CEO Once Again Shows Poor Judgment  [View article]
    mclendon is a security risk to chk shareholders. why this guy is still around after this undisclosed debts and activity is boggling.
    May 2, 2012. 10:10 AM | 1 Like Like |Link to Comment
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