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Sean Erickson

Sean Erickson
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  • Wal-Mart takes advantage of Disney-Amazon pricing skirmish [View news story]
    I think you could argue that the peaking of dvd sales during the holidays gives the leverage to amazon
    Aug 17 10:28 AM | Likes Like |Link to Comment
  • Wal-Mart: Value Pricing And Excellent Growth Potential [View article]
    Walmarts stock price is still 15x earnings, not particularly cheap
    Aug 15 02:03 PM | Likes Like |Link to Comment
  • With low bar to clear, just a glimmer of good news could coax Wal-Mart buyers [View news story]
    as bad as news has been for walmart, shares have actually held up pretty well. Its in shareholders minds that WMT=safety. Only time will tell if its true or not.
    Aug 13 07:04 PM | Likes Like |Link to Comment
  • Here's The Alarming Table Kinder Morgan Doesn't Want You To See [View article]
    Using total capex to determine cash flow seems short sighted but its true that kmi will need capital if it wants to grow. Still what you have is a ~75 billion dollar company that generates about $4 billion a year after maintenance expenditures. It chooses to reinvest a great deal of money at 20%+ rates of return, hardly a foolish decision. The only thing that now seems odd is the dividend policy. In my opinion, they should cut the dividend in half and that would greatly reduce or maybe even eliminate the need to raise capital going forward.
    Aug 12 12:16 PM | 3 Likes Like |Link to Comment
  • Berkshire Hathaway: The Last Bargain [View article]
    Theres some problems here, first of all its not proper to include all investments in the calculations as many of these investments as it ignores the float, which while perhaps an overstated liability does require a substantial amount of assets to be low yielding. As far as look through earnings go, i think its necessary to deduct the tax rate that berkshire pays on dividends which is 14.175%, which would leave you with look through equity earnings not included in reported earnings of a little over $4 billion. After an adjustment for excess cash, i would estimate berkshires earnings power at about $20 billion and its price as sitting right around fair value, although still a bargain to the rest of the market.
    Jul 31 10:05 AM | 2 Likes Like |Link to Comment
  • Why I Love KMR More Than KMP For High Dividend Income [View article]
    I agree. Kmr>kmp. Lower price= higher rdturn. Its just as good in a nontaxable account though imo. That said, its not my favorite security and I Dont think theyll be able to maintain the 20%+ returns on equity very far into the future. These returns are necessary to provide distribution growth. Right now there are a lot of opportunities but as you continue to get bigger it becomes much more difficult especially as new investments make up a smaller percentage of your assets.
    Jul 26 03:38 AM | Likes Like |Link to Comment
  • Bankwell Financial Group: Significantly Undervalued While Outsider CEO Crafts Encore Performance [View article]
    Id pay 1x book for a 10% roe, at 8%, thats just not good enough.
    Jul 1 09:40 AM | Likes Like |Link to Comment
  • Major Anworth Shareholder To Fellow Shareholders: Management Continues To Disappoint, Fails To Aggressively Repurchase Shares [View article]
    Hi arthur, what knowledge do you have that the buyback program has been curtailed? I know they announced an increase to it last month right after the vote. I dont doubt it considering its in lloyd's best interest to not repurchase stock.
    Jun 30 02:57 PM | Likes Like |Link to Comment
  • Kinder Morgan: $15 Billion In New Growth Identified Beyond $16.4 Billion Current Backlog [View article]
    Kinder morgan has a very tough task ahead of it. These growth projects need to earn a 15% roi to maintain dividend and 20% to help meaningfully decrease it. That gets very difficult to do as you need to deploy the ever larger amounts of capital that is necessary for kmi to be successful.
    Jun 26 10:50 AM | Likes Like |Link to Comment
  • Wal-Mart Slammed By Institutional Shareholders Services, Time To Sell [View article]
    well i think it could for long-term shareholders but more importantly I don't see how the action of a few pension funds would have any impact on the price of WMT stock.
    Jun 2 11:55 AM | Likes Like |Link to Comment
  • Wal-Mart Slammed By Institutional Shareholders Services, Time To Sell [View article]
    Why does it matter if some cities have chosen not to invest in walmart stock? It doesnt affect their business at all and if the price of wmt's stock declines, that would only benefit the shareholders.
    Jun 2 11:18 AM | 2 Likes Like |Link to Comment
  • Taking A Closer Look At SodaStream's Q1 2014 Results [View article]
    definitely noticing cheaper sodamix lately.
    May 28 10:59 AM | 1 Like Like |Link to Comment
  • Electric Utilities: Unsustainable Business And Unrecognized Risk? [View article]
    Plenty of opportunities for utilities, particularly in the renewable space. Even with unchanged total demand its easy to see solar and wind projects being put in while coal plants are phased out. Returns can even be better. Midamericans recent 1.3 billion wind project was granted an ROE of 11.625%
    May 27 11:49 AM | 1 Like Like |Link to Comment
  • Wal-Mart: Flee To This Blue Chip? [View article]
    I think 10.54% expected return is better than fairly valued but maybe that says more about my view of expected returns.
    May 26 11:12 AM | Likes Like |Link to Comment
  • 3 Reasons Why Wal-Mart Is NOT In Trouble [View article]
    I have a really hard time seeing how small format stores are really going to move the needle much. I think walmart's a decent investment due to existing store profitability which I think is still higher than it looks as I think depreciation has been overstated somewhat as well as the online segment.
    May 23 03:57 PM | Likes Like |Link to Comment