Seeking Alpha

Qniform

Qniform
Send Message
View as an RSS Feed
View Qniform's Comments BY TICKER:
Latest comments  |  Highest rated
  • WSJ: Aetna very close to Humana buyout deal [View news story]
    I don't think the overlap is so very large. Geography is 4 states, but business lines are pretty different too. Still, the spread may be larger than normal due to the time to close.
    Jul 4, 2015. 01:28 AM | Likes Like |Link to Comment
  • ACE Buying Chubb For $28.3bn, Will Impact Reinsurance And ILS Demand [View article]
    Thank you for this overview. With the deal metrics as stated, I'll be watching for an opportunity to add to my CB position at a good arb price. Are there any opinions here about what that might be? Currently the deal is 50/50 cash and ACE stock (based on current share price). It seems to me that small buys below $120 are good absent material corrections in the meantime. I'd buy a lot at $110.
    Jul 3, 2015. 01:15 PM | Likes Like |Link to Comment
  • RCS Capital soars after deal with lenders [View news story]
    It's definitely the weak player in the segment as measured by share price action.
    Jul 3, 2015. 01:01 PM | Likes Like |Link to Comment
  • General Mills beats by $0.04, misses on revenue [View news story]
    I think that it is a good idea to see what is behind the adjustments they have made. These adjustments increased their GAPP reported earnings by more than 40%. You quoted a press release. The actual explanations of their non-GAAP financial interpretations contained in the footnotes to their financial statements tell the story (this is always advisable regardless of the company since earnings statements are so easily manipulated). http://1.usa.gov/1IVFbJt
    Jul 3, 2015. 12:57 PM | Likes Like |Link to Comment
  • American National Bankshares: An Interesting Position [View article]
    I agree about AMNB, and hold it from 2011. The bank is doing well as you point out, and valuation metrics are good. Nothing is deteriorating, so I'm curious why a recommended sell or trim for a 11% cap gain? That isn't very "deep in the green." If your recommendation is a 2-3 yr horizon, and get a good yield meanwhile, this seems contradictory. You've had it 4 months.
    Jul 3, 2015. 10:49 AM | Likes Like |Link to Comment
  • General Mills beats by $0.04, misses on revenue [View news story]
    Check your source TBKV. It's pricey all right. Excluding NRI, TTM earnings were $2.42. (.55, .56, .56, .75).
    Jul 3, 2015. 10:24 AM | Likes Like |Link to Comment
  • Mr. Market Is Not Thrilled With This Net Lease Merger, Neither Am I [View article]
    Thanks for the article BT. Do you have any analysis on how the management incentives based on share price (as adjusted for dividends) may be affected or modified by this deal?
    Jul 3, 2015. 01:15 AM | 1 Like Like |Link to Comment
  • Ouch! Feds want Novartis to fork over $3.4B to settle alleged False Claims Act violations [View news story]
    Ethical clarity ≠ naïvete.

    Have a nice day.
    Jul 2, 2015. 05:04 PM | Likes Like |Link to Comment
  • RCS Capital soars after deal with lenders [View news story]
    I took my lumps and exited this position a while back. I still believe that the concern about new disclosure and investor suitability rules are overblown, as is the Schorsch factor - but I was clearly wrong in timing.
    Jul 2, 2015. 04:54 PM | Likes Like |Link to Comment
  • Ouch! Feds want Novartis to fork over $3.4B to settle alleged False Claims Act violations [View news story]
    Livingston, your comments are so ethically conflicted I'm fascinated. What do you think should happen? The Chicago thugs should extort everyone equally? Or maybe they should condone the practice?

    :)
    Jul 2, 2015. 12:10 PM | 1 Like Like |Link to Comment
  • Emerson Finally Looks Serious About Change [View article]
    "...opinions as to how this will influence the dividend..."

    Well, you need to have an opinion about what "this" will be, right? What scenario do you think will happen?
    Jul 2, 2015. 12:02 PM | Likes Like |Link to Comment
  • The SPDR S&P Global Dividend ETF: Do High Yield Dividend ETFs Reach Too Far? [View article]
    I'm encouraged by these comments correcting the biblical attribution. I would have expected little familiarity with the story among readers.
    Jul 2, 2015. 11:57 AM | Likes Like |Link to Comment
  • Portfolio Rehab - 2nd Quarter Update [View article]
    Very clever and funny presentation, CG. You channel Yogi beautifully, and the quip about good decisions not leading to rehab is priceless.

    I especially appreciate your transparency. We all can learn from doing continuously - it should never stop. Thus the evaluation should never stop. Your acknowledgment of total return within your goal of income growth is important and missed by most of those on SA who write on the topic. Thanks for your efforts.
    Jul 2, 2015. 11:34 AM | 1 Like Like |Link to Comment
  • Emerson Finally Looks Serious About Change [View article]
    Thanks for the conceptualizing - it gives a pretty good framework to evaluate the competitive strength of EMR in those segments.

    One thing occurred to me about the potential spin of network power (I think a sale is unlikely to yield much). There would not be much to like about the spinco. Think what happened with similar dumps of low margin segments like DNOW, PGN, RYAM, etc.
    Jul 1, 2015. 05:38 PM | Likes Like |Link to Comment
  • Flowserve Should Buy Energy Recovery Inc. [View article]
    It's hard to justify the thesis. ERII annual revenue is ~$32mm (and declining). Last quarter SIHI revenue was ~$85mm. Compare market cap price in that light. Further, water represents the smallest FLS segment (4%). FLS is already selling the high value components (pumps, energy recovery, etc.) I'm not seeing what they would want.
    Jul 1, 2015. 05:18 PM | Likes Like |Link to Comment
COMMENTS STATS
3,393 Comments
2,627 Likes