managematics

When Bank of Hawaii Falls Below 52-Week Low, It's Time to Buy

Yes, as suggested consider the local economy. Hawaii relies heavily on tourism but the state did not see a huge credit-fueled housing boom over the past several years. That lack of a bubble explains why the state has one of the lowest default rates in the country. Combine that with conservative underwriting and it explains why one might think this name is taking an unfair whack with its sector.

A few quarters of earnings will tell the story. I'll be buying dips in this name.

Is Jim Cramer Right? Is Apple Really a Market Barometer?

If you look at some of Cramer's comments in print as well as on TV you'll get more color on his assertion. He believes that AAPL is a good indicator of overall market sentiment right now. There were days in the period analyzed where AAPL had bad news yet still rose. The overall market rallied even further. One might assert that if it's a day when it can rally despite bad news, then overall sentiment is high.

In this context I don't believe he's suggesting any specific numerical relationship.

Atlas Pipeline: As Dividend Continues, Why Is Stock Falling?

Go through comments from management and run the numbers yourself if you wnt to figure this one out. They seem to be pretty sophisticated in managing their financial risk so It's a pretty good guess that they've figured out their cash flow needs for operations and distribution.

Yes, they've only hedged 50% of their nat gas price exposute, but they've also hedged about 75% of their LIBOR exposure for their variable rate loans. Hmmmm... So this conservative company decided that they needed to hedge relatively stable LIBOR but not more volatile commodity exposure. This is a company that hedges for stability, not profits, so I'm guessing they've run scenarios to validate that they're OK.

The $0.96 distribution is the same as last Q, but already lower than upward guidance they provided on Q2 call, so it's reasonable to believe that they're cash flow isn't as high as they might have planned, but given that they discussed NG prices in thre $6-7 range on the last call they probably could have envisioned that scenario in planning.

Agree with those who have said that many of the items will be non-cash. One thing to add is that the lower gas prices will clean up the optics of the balance sheet since their hedge liability should be dramatically lower with lower gas prices.

They should have significant new capacity in Q3. Mixed blessing with oversupply. APL can sell more, lower-price NG. Those who are long will benefit from a cold winter.