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pemdas1

pemdas1
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  • AT&T: An Undervalued, Free Cash Flow-Strong Telecom With A Dividend Yield Approaching 6% [View article]
    I own T, but am not so optimistic. By the author's numbers, free cash flow for 2014 was $9.9 B, but virtually all of that went to pay the dividend of $9.6 B. Very little is left over. Also, we will soon know how much T paid for new spectrum in the recent auction, and it is likely to be big. That will squeeze future free cash flow. Nice dividend with T, but I am cautious when it comes to its security.
    Jan 30, 2015. 10:00 AM | 4 Likes Like |Link to Comment
  • Abbott Laboratories Q4 Results: Double-Digit Growth Despite Headwinds [View article]
    Looking at 2015 guidance, ABT sells at 20 times "adjusted" earnings projection, and 30 times GAAP earnings projection. May be getting a bit pricey?

    I am not a big fan of drug companies routinely headlining adjusted earnings, which ignore amortization of acquisitions. Acquisitions are paid for with real cash or real shares, and often a dividend cut (e.g. Pfizer a few years ago).
    Jan 29, 2015. 04:47 PM | Likes Like |Link to Comment
  • Oil Supply Accelerating - Saudi Arabia Delivering On Its Promise? [View article]
    What about demand. Does fall in domestic demand account for the rising surplus far in excess of the domestic supply growth?
    Jan 26, 2015. 01:09 PM | Likes Like |Link to Comment
  • Mortgage REITs Should Repurchase Their Own Shares [View article]
    Rationalizing executive compensation at NLY would be even better.
    Jan 22, 2015. 01:13 PM | Likes Like |Link to Comment
  • Risk Reward Shows Market In The Toilet For 2015 [View article]
    "25% of managers polled predict
    the market will be up 0-20% over the next 12 months. This suggests
    complacency"

    I don't follow you. 75% think the market will go down and that is complacency?
    Jan 21, 2015. 09:17 AM | 2 Likes Like |Link to Comment
  • Apache Announces Retirement Of Chairman, President And CEO, G. Steven Farris; John J. Christmann, IV, COO North America, To Succeed Farris As President And CEO [View article]
    APA grew mightily under founder Raymond Planck, but struggled under Mr Ferris. This is an overdue change in leadership.
    Jan 20, 2015. 08:18 AM | Likes Like |Link to Comment
  • Illustrating Why I Choose To Invest In IBM Again [View article]
    Pete--

    XRX, PFE and INTC are three buyback success stories that quickly come to my mind. I am sure there are many others.
    Jan 17, 2015. 01:54 PM | 1 Like Like |Link to Comment
  • Eagle Ford Currently Losing About $80-$85 Million Per Day [View article]
    Excellent article. It is going to be a very rough year (or more) for the industry.
    Jan 15, 2015. 09:33 AM | 2 Likes Like |Link to Comment
  • IBM's Mainframe Refresh May Enhance Growth [View article]
    Nice article, Tom. Thanks for adding information that was not in the press release.

    A lot of investors (and especially traders) are bothered by IBM's lack of growth. They talk of "financial engineering" as if it were a four letter word. But at some point big companies just can't easily grow any bigger, and there is a need to rationalize the company and the finances. I have no problem waiting for the next fat growth pitch with stable or even falling revenue as long as share count is falling faster, and earnings per share are growing. This is were IBM is at. The chapter is not yet written as to how successful IBM will ultimately be, but history shows they have done it well several times before.
    Jan 14, 2015. 03:09 PM | 3 Likes Like |Link to Comment
  • Chesapeake Energy In 2015 - Key Takeaways [View article]
    E&P's will have trouble selling bonds and getting bank loans. Cap ex is going to fall sharply. Rig count is falling and that will accelerate in the coming months. A year from now domestic production for the industry will be in decline. Hard to see how CHK, or just about any other E&P, will be spared.
    Jan 13, 2015. 11:31 AM | 1 Like Like |Link to Comment
  • The Crash In Oil Prices Offers The Opportunity Of A Lifetime - I Beg To Differ [View article]
    At the suggested target price of $54, XOM would be yielding over 5%. That would be the buy of the century.
    Jan 13, 2015. 09:35 AM | 8 Likes Like |Link to Comment
  • Continental Resources Capex Cut And What It Means [View article]
    The deeply indebted and cash constrained companies that can not get financing.
    Dec 28, 2014. 08:26 AM | 2 Likes Like |Link to Comment
  • Buying California Resources  [View instapost]
    For any one interested in CRC, here is the very detailed information statement on the company:

    http://bit.ly/1wXPbRC
    Dec 9, 2014. 03:18 PM | Likes Like |Link to Comment
  • Buying California Resources  [View instapost]
    Somewhat loaded with debt by OXY, and no dividend for the foreseeable future. Must be a lot of selling pressure as investors sell off their small, orphan positions. But the amount of acreage they control is huge -- I believe the largest of any company in California. Nicely leveraged to a rebound in oil prices, little exposure to natural gas, which looks to be in excess for years to come.
    I bought in here two days ago. Always happy to be on the same side as Tom A!
    Dec 9, 2014. 12:35 PM | Likes Like |Link to Comment
  • Deere: Still A Buy [View instapost]
    You are right about repair. Deere repair/replacement parts are expensive, and not the kind of things you can substitute with an off brand. Same for CAT. I have heard that, over the life of a big mining machine, CAT makes more sales on repair and maintenance parts than on the original sale.
    Nov 26, 2014. 01:04 PM | Likes Like |Link to Comment
COMMENTS STATS
187 Comments
426 Likes