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jarco

jarco
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  • AT&T: 5 Reasons We Are Interested Again [View article]
    What book are you reading?
    Jun 3 08:24 PM | 1 Like Like |Link to Comment
  • AT&T sells $2B in debt ahead of DirecTV deal [View news story]
    The question is . . . what will be the projected free cash flow AFTER the acquisition? T claims it will be "accretive" which usually relates to earnings, not cash flow.
    Jun 3 05:31 PM | 2 Likes Like |Link to Comment
  • Southern Company's Premium Valuation In Danger [View article]
    Building nuclear power station these days (and historically) is like the USAF's F-35 stealth fighter plane; too prone to cost overruns that are difficult to control. The market doesn't like uncertainty. The ongoing attack on coal, and SO is a prime user, doesn't help the situation. Conclusion: There are simply many other high yield utility stock alternatives to warrant attendant risk owning SO.
    Jun 3 09:49 AM | Likes Like |Link to Comment
  • AT&T boosts 2014 revenue guidance [View news story]
    Those dissing the DirectTV acquisition need to note Google's announcement to expand their presence on the internet . . . via satellite! Looks like T's management isn't so dumb after all.
    Jun 3 09:38 AM | 2 Likes Like |Link to Comment
  • Now Is The Time To Consider Consolidated Edison [View article]
    Hey AvgJoe, ED doesn't have the burden of owning coal plants and building Nukes. Watch both but sleep better owning ED.
    May 30 10:46 AM | 1 Like Like |Link to Comment
  • Now Is The Time To Consider Consolidated Edison [View article]
    Aren't these the same 5 guys who stand around most DPW projects?
    May 30 10:43 AM | Likes Like |Link to Comment
  • Now Is The Time To Consider Consolidated Edison [View article]
    Interesting article, especially your comment on ED's mundane/archaic web site. Agree completely. However, citing their Capex as unusually high suggests a possible misunderstanding of ED's unique structure. Imagine what the maintenance burden would be if ED had any power plants, especially coal fired as found in many other utilities. NYS regulatory climate has been quite generous when compared to the national landscape. This is a prime analyst metric many overlook. As an ED owner, I worry more about the recent change in the local political climate.
    May 30 10:40 AM | Likes Like |Link to Comment
  • Kinder Morgan: Deconstructing The Pros And Cons [View article]
    Thanks everyone for an interesting read - article and comments. I do not own any of the Kidders rather PAA in a non-IRA account. While the yield is lower, just seems less complicated in many respects. Thoughts anyone on PAA?
    May 28 05:38 PM | Likes Like |Link to Comment
  • Passing Up On High-Yielding Duke [View article]
    It may be difficult to reconcile risk verses high yield in this instance. The risk for Duke stockholders is the potential lowering of the dividend as the company deals with the Progress Energy acquisition fallout. Dishing out the cited $1.86 billion for Crystal River NG facility must be coupled with a like expenditure to decommission the nuke with the cracked containment building. PGN was a disaster and Duke will be paying a high price for the hasty wedding. There are better opportunities in the electric utility patch, in my opinion. Investors would be wise to ramp up the research before participating in this space.
    May 28 05:24 PM | Likes Like |Link to Comment
  • GE ups offer for Alstom [View news story]
    GE has a long history in France. They "gave" the TV business to Thompson along with a few smaller operations when Jeff's predecessor, correctly in my view, dumped the small appliance business. In exchange, the French government "allowed" X-Ray to majority own a joint GE/French operation. This was unprecedented in the post DeGaulle era. So, it should come as no surprise GE is again knocking on the door looking to invest the untaxed millions (billions?) sitting dormant across the pond.
    May 28 08:26 AM | 1 Like Like |Link to Comment
  • AT&T And The $56 Billion Pension [View article]
    Surprisingly, the Heather Williams article you cite failed to gain any traction within the investment analyst community. The AT&T maneuver struck me as problematic to say the least but follow-on comments begging supporters fell on deaf ears both in this thread and others. Given AT&T's solution, prefered stock "liability" in turn for near fully funded pension plan, came and went. I would suggest it deems this article's fear is a moot point
    May 27 07:50 PM | Likes Like |Link to Comment
  • AT&T In Agreement To Buy DirecTV: Where Is The Value? [View article]
    Totally agree with your comment. While the author is correct in mature markets, the emerging sector is huge and growing in sophistication. Comm infrastructure capex budgets are finite. Providers can no longer extend capability over a wide swath of the geography and wait for the population to catch up. Beyond that, technology progress will enable satellite to compete with the competition at a fraction of the cost. Meanwhile, Direct is profitable with a reasonably loyal customer base.
    Disclosure: T holder; phone and DirectTV customer
    May 26 10:02 AM | 2 Likes Like |Link to Comment
  • The U.S. Shale Oil Miracle Disappears [View article]
    Thanks for the comment. Clearly, this article may very well be "all about nothing" as you cite. In addition, relying on EIA for either initial estimates or revised forecasts is not a good idea. This govt. entity is like most newspapers, reporting the news as they hear it rather than upon any investigative endeavors. Lots of data but questionable expertise.
    May 25 01:35 PM | 2 Likes Like |Link to Comment
  • Where Banco Santander Is Experiencing Growth And Where It Is Lagging [View article]
    Your views/experience is contrary to those I know who have done business with Sovereign Bank (now Santander) for many years. Granted, U.SD. bank relationships are far from ideal. I work with B of A and find their Policy and Procedures structure lacking further compounded by poor training. At least when Santander bought Sovereign they had a plan and executed it reasonably well. That said, your target price of 14 sounds like music to my ears especially since my two year old cost basis is just south of 6.
    May 25 01:21 PM | Likes Like |Link to Comment
  • Unplanned Early Retirement, Part 5 - More Retirement Classics: Utilities [View article]
    Good article. I was especially delighted with your point that all utilities are not the same. Hence the poor value owning utility funds and/or FTF's. Not too sure of your selections, especially AEP and Duke. Too much coal with the former and too much negative publicity and financial uncertainty with the latter. Duke's acquisition of Progress Energy is fraught with land mines yet to be surfaced. That aside, those interested in ED might also look at CPN. Both are almost exclusively power distributors and not producers. Again, lowers risks and Capex. I also prefer XEL.
    May 22 10:32 AM | 1 Like Like |Link to Comment
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