Good article. I've also made some nice profits selling options on Siri. Another good strategy would be to sell puts on SIRI, since the price has dropped about 8 percent and I believe has bottomed out. You can also pick up a nice premium on a $2.50 January put. You'll still own your shares also. In the worst case,you would have to buy more shares at $2.50 cost, and it would take a major meltdown of the entire market for Sirius shares to drop that far. This company is like an ATM machine. They sell air and make a lot of money doing it.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Amen, Dutch trader. My sentiments exactly. As I have said on the SPU message board lately, "What we have here is a failure to communicate" as the warden told Paul Newman in the movie "Cool Hand Luke." A nice dividend would make share prices take off. My only concern at this point is the possibility that the new CEO, brother of the former CEO who holds nearly 50% of shares, might take the company private. In my 30 plus years of investing, I've never owned a stock which converted to private. What kind of valuation would shareholders receive? Current market? I wouldn't think that you would be forced to sell shares, especially if shares were priced at less than half of book value. What happens in the case of a publicly traded company when it is taken private?
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
If the company was a fraudulant operation, then why would Absaroka admit that their "intelligence" was incorrect and their "investigation" was performed by someone who had a poor reputation. Absaroka could have pursued their counter suit and won a huge settlement IF their "newsletter" contained accurate information. They ended up retracting all allegations against Sky People in the settlement. Unfortunately, many stockholders like myself were damaged financially by Absaroka's "newsletter" since the stock was making huge gains just before the letter was published, and dropped from the $3.30 range to the $1.30 range in about a year and stayed below $1.60 until the suit was resolved. Absoroka had established a large short position before releasing their "newsletter" which means they had an inherent conflict of interest before publishing the letter. I don't know why Absaroka would not be liable for damages to shareholders who lost money by the drop in share prices. I'm in good shape now, because I doubled my position when the stock was below $1.50, but a lot of shareholders were damaged by the newsletter. I've wondered why shareholders could not file a class action against Absaroka. I would bet that they made a fat profit off their short position even after paying their attorneys and court costs.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
I agree. I'm not one who is solely motivated by dividends. but with trillions of investment dollars sitting on the sidelines, fund managers are beginning to move conservative investors back into equities. A lot of older investors use dividends for part of their income. A healthy dividend would be noticed quickly by such services as Zacks which already rates SPU as far undervalued, and rates book value as of about a month ago as $5.78 per share.
Clean Energy Investment Expected To Recover And Who May Benefit [View article]
If you would like a historical perspective on the policies of both major parties versus the financial markets and opportunities to gain material net worth as a result of the policies of each party, here are some statistics over the period from 1900 through 2012. If you invested $10,000 in 1900 in the broad Dow industrial average under republican presidents ONLY, and removed your money from the market each time a democrat was in the White House, you would average a return of 5.5 percent over that period of time, and due to the magic of compounding, using the rule of 72nds which tells the amount of time it takes for an investment to double based on the number 72 divided by thei rate of return, your $10,000 in vestment would now be worth about $2.8 million.since, based on that formula, your money would double in just over 13 years, or about 8,5 times in 112 years. Now using that same formula under ONLY democratic presdients. withdrawing the money under republican administrations and redepositing with the next democratic president, the annual return would have been 15.2%., roughly triple the return produced by republicns. Your $10,000 would have doubled in less than 5 years and would now be worth nearly $2 Billion, because it would have doubled a little over 14 times. , 1,000 times the return of republican administrations. Obama and Clinton both outperformed the 15% rate of return. Obama has doubled the stock market since he was elected, a rate of return of over 25% per year. Now which party is REALLY good for business and for Prosperity for the middle class?
Liberty Media Takes Hard Control Of Sirius XM, Dominates Board [View article]
Srinsocal, I don't think that you are giving Crunching Numbers a fair shake. I, too, have been somewhat concerned as to what a takeover would mean to shareholders, especially since Mel let it be known that he was not interested in working for Liberty, and Mel has been the steady hand who guided SIRI literally back to life from the depths of HELL in early 2009. I've been pleased to see SIRI meet my target forecast of $3.00 for year end 2012 share price, and It looks like they are headed for $5.00 by year end 2013. you can write that down and verbally cane me in public if the stock falls short of that goal, but I think I'm on solid ground in my prediction for Sirius XM., barring another phony manufactured "debt ceiling crisis" in congress which drove the broad market down by about 15 percent. If Liberty can continue to operate SIRI in a manner similar to Mel, I would say that this may indeed one case where the first of the "Three big Lies", may prove to be not such a big lie after all. "There will be no changes after the merger" may actually prove to be true if SIRI share prices stay on their steady upward path. As to the second and third lies, "I'll be home at 5:00" and "I won't .... in your mouth", I would say that they are still going to be well qualified as two of the "Three Big Lies."
Liberty Media Takes Hard Control Of Sirius XM, Dominates Board [View article]
Crunching Numbers, the last three years have been a great ride for me as a passenger on the SIRI moon rocket. I bought my :"ticket" at an average of $1.01 per share and have done extremely well selling puts and buying calls. I bought a $1.50 call last May for $0.86 which just expired and I made a nice profit of $4 k on the 5,000 share option. I'm thinking about doing it again. This is the first time I have bought a call in my 30 plus years of investing. I've done really well by selling puts when SIRI pulled back in 2010 and 2011, but I really don't see SIRI pulling back to any extent anymore. What's your take on buying an in the money call for Jan of 14, as long as I don't have to pay much premium over current price? On the one which just expired, I think I only paid about 6 cents premium. On another note, I've wondered about the possibility of SIRI getting into the Internet over satellite business, and also possibly Satellite TV on a smaller scale than Direct TV or Dish network. I just purchased a new HDTV with 3d and Internet apps, and a Blu Ray player with the same features. I would LOVE to cut my cable. I promise, I would not miss the wonder bra channel, home shopping network, or 90 % of the garbage being pawned off on cable, and even Direct and Dish network subscribers. We never watch 95% of the channels which we are paying for every month, but would love the opportunity to purchase HBO and other movie services,Blockbuster, Netflix, Hulu Plus, etc. plus maybe a few sports networks, MSNBC, etc. for about $50 per month. Dish network is pretty close to that pricing now, but I'd love to buy from SIRI, especially if they had Internet via satellite available as part of a "bundle." Isn't there some new technology which further compresses programming so that bandwidth doesn't become such an issue?
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
The plant expansion will enable them to make money year round instead of the spotty months of squeezing season, and will reduce their risk of the effects of crop failures due to weather, etc. I'm not interested in selling SPU or anybody else my shares below $4, and I might not even want to at that point. A healthy dividend of 4 or 5% is affordable for the company, and would bring a ton of institutional investors to the company, which should make the stock price soar. JMHO.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Great article. Some people just have a problem accepting FACTS. Maybe kindama shorted SPU and is in trouble because he is not going to be able to cover unless the stock tumbles. I've done a lot of DD on this company, and I have no doubts as to the bright future for SPU, and the investors who have been astute enough to "climb aboard the moon rocket" with them.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
These were disproven. Absaroka admitted that they received "bad information" from sources which proved to be "unreliable." Absaroka purchased a large short position in SPU just before releasing their "report." They should have been prosecuted and closed down. SPU hired a new auditing firm with a stellar reputation to alleviate any fears of "book cooking." The CEO personally sunk 3 years equivalent of his own salary buying SPU stock as it was headed down after Absaroka's report. He opened up the bank account and proved Absaroka LIED about SPU's financial strength. The cash on hand alone less liabilities made the company worth more than double the stock price. The fact that SPU is able to generate higher levels of gross and net profit than peers is a positive, not a negative. The cash in the bank account PROVES that they are making a LOT of money.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Thanks, Dutch Trader. I agree 100%. They have gone far beyond proving their performance and are audited by a highly respected firm. When the CEO bought about 3 years equivalent to his annual salary in the stock and in effect "put his money where his mouth is" as Absaroka drove down the price, it reassured me that the company was legit. When he opened up the bank account for public inspection, that should have alleviated all the doubts which were caused by Absaroka. I think the Absaroka CEO and others involved in the manipulation of SPU stock should have been prosecuted under securities law and for obvious conflicts of interest.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Have you ever considered that you don't know what you are talking about? What you are alleging is the same thing that Absaroka capital alleged and they admitted that they were wrong. The CEO even opened up the bank account for public inspection when Absaroka alleged that they had little cash on hand. SPU proved that they did in fact have about $60 million in the bank. I wish SPU would have barbecued Absaroka, which was holding a large short position when they published their "newsletter." They stood to make millions by driving down the stock price. I think they should have been prosecuted for doing so. They cost a lot of people a lot of money (on paper in my case), and those who bought the stock at around $3.00 or so and sold for under $2.00 lost money ONLY because Absaroka made false allegations and profited on those lies. Are you by chance shorting SPU? If so, I think you have been caught with your "shorts down."
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
I think you will be making a wise decision to buy back in. Unless the entire market falls apart, and the "pros" all say the economy is recovering nicely so I don't think that is likely, I expect Sky People to be a $3.00 stock by mid year. I got into Sky people when I first researched the stock and it was just under $3.00. I bought more at about $3.25 about two weeks later and it looked like the stock was headed for $5.00 within 6 months. THEN, the Absaroka "newsletter" hit the street and the stock crashed within a few months to the $1.30 range, apparantly where you got in. I doubled my position at just under $1.50 and the stock moved up and down from $1.50 to $1.70 for months, until the lawsuit was settled, and as investors figured out that the company was legit, SPU has been climbing back and appears to be accelerating now. The DOW is down 125 points and SPU is up $0.05 per share, which is very encouraging, because my experience has been that smaller companies are normally hit much harder in a down market than large caps. I'm very satisfied with the auditing process, and the CEO has gone so far as to open up the bank account for public inspection when Absoraoka alleged that the then $60 million in cash on hand was a fabrication. The CEO purchased the equivalent of about 3 years salary in SPU as the stock fell, and that fact was encouraging to me. Like the author, I would like to see SPU start paying a nice dividend, and 4 or 5% would not be a problem for them at all considering their huge profit margins. The dividends are not a huge factor as far as my own portfolio, but they would make the stock extremely attractive to institutional investors, pension funds, etc. I was talking with my brother in law recently and he was griping about his investments not making any return, but his retirement account is in money market funds. My portfolio is about 70% in equities, and 30% money market funds, and my IRA has more than doubled since Obama took office. I'd like to think that I've been a shrewd, but anyone could have done almost as well just buying a market index fund. But I really believe that Sky People is going to be a company that far outperforms the broad market in the next few years. I think the stock could easily be an $8.00 to $10.00 stock within 3 years, especially considering the plant expansions now underway.
Impact Of Share Buyback On Sirius XM Debt Rating [View article]
Crunch, I'm assuming that you are an accountant or a CPA. When I was in the wholesale business, we used to call number crunchers "bean counters" and we certainly need people who can count the beans. Having said that, I have never in my life met a CPA who was a democrat. I used to get upset, until the republicans had the law repealed altogether, when my CPA would prepare my tax return and check the box, without asking me, that I didn't want to support the public campaign fund. THere was a time when I used to vote republican quite a bit, voted for Reagan and campaigned for Nixon.
Having said that, I welcome you to verify this information. I just read that if you invested $10,000 in the Dow average under republican administrations only, beginning in 1900, and pulled your money out of the market until the next republican administration when the democrats won the White House, your $10,000 would earn an average of a 5.1% return, and would be worth a cool $1.8 MILLION today thanks to compounding. Pretty good, huh? Unless you compare to the "anti business" democratic administrations which produced an average of 12.1%, making your $10,000 now worth over $2 BILLION, more than 1,000 times the return produced by "pro business" republicans.
So which party is better for business? Corporations have been recording RECORD PROFITS for the past 2 years, and this means they are going to need to start rehiring workers or expanding operations.
Obama has beaten the heck out of even the democrats' 12.1% average by doubling the Dow average, with an average return of more than 33%. My IRA has doubled in value since Obama took office, right in line with the DOW and would be worth much more had it not been for the PHONY "debt ceiling crisis" caused 100% by the Tea Party Republicans.
As you know, this was just a matter of paying our nations bills which had already been obligated, bonds maturing, contracts due payment, etc. The Dow was actually up 100 percent under Obama in a little over TWO years until the Tea Party threatened to force us into default. I was stupid enough to believe Michele Bachmann when she said "there will be no effect on the financial markets if we default" and "our nation's credit rating will not be lowered." I left my money in the market and suffered about a 20% "paper loss" due to the tea party. It's back up now, no thanks to the republicans. I made a whopping 1 percent per year under the "Lost decade of W Bush."
Impact Of Share Buyback On Sirius XM Debt Rating [View article]
Crunch, just found your reply, and you might be pleased (or not) to know that I actually agree with SOME of what you say. I actually spent a day in Caracas about 20 years ago when Venezuela was one of the stops on the Carnival Cruise we were taking. This was way before Chavez came to power about 14 years ago. Gasoline had just gone up to $1.29 per gallon in the US, and it was $0.29 in Caracas and people were mad because it had been $0.19. I think even back then, the oil company was publicly (or state, if you prefer) owned. The superhighway from the port to Caracas was in great shape, as were all the roads we traveled on in Caracas. There was a brand new subway which was state of the art. They had a beautiful shopping mall on a street which had been closed to car traffic, full of sidewalk cafe's, stores such as Gucci, Ralph Lauren, etc. and the prices were unbelievable cheap. The people were very friendly and although there were slum areas in Caracas, everywhere we went in several areas of the city were all spotlessly clean, no trash in the streets anywhere. According to our own CIA website, Venezuela has 7% unemployment, down from 16 when Chavez was first elected, they have a better educated population that we do in the US. They have universal health care which costs about 5% of income, thier average outlay for energy cost is no more than 5%, where we have been ROBBED at a rate of about 33% ofd income. Their middle class is thriving and growing while ours is shrinking. Despite the hatred of the rich for Chavez, the rich are doing well in Venezuela. The government has just stepped in and stopped Big oil and the "health care" industry from stealing the public blind. In every state in the US, we have corporation commissions which protect consumers from predatory big business practices to SOME EXTENT. I cringe to think what we would be paying for Electricity, Natural gas, and phone service if we didn't have a corporation commission. There are a few cities in this state which have municipally owned ("Socialistifc") utility companies, and they are the cities which have attracted new industry and are growing the fastest. Pryor, OK has a thriving industrial park, largely because of low utility rates from the city owned utility company. Google recently opened a facility there, and will be expanding it. Historically, deregulation has been related to paybacks of political debts, and as the government allowed greed spreads, the economy experiences recessions or worse as proven under Reagan, Hoover and W Bush especially.
Buy Sirius XM Ahead Of Earnings [View article]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
A nice dividend would make share prices take off.
My only concern at this point is the possibility that the new CEO, brother of the former CEO who holds nearly 50% of shares, might take the company private. In my 30 plus years of investing, I've never owned a stock which converted to private. What kind of valuation would shareholders receive? Current market? I wouldn't think that you would be forced to sell shares, especially if shares were priced at less than half of book value. What happens in the case of a publicly traded company when it is taken private?
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Clean Energy Investment Expected To Recover And Who May Benefit [View article]
Liberty Media Takes Hard Control Of Sirius XM, Dominates Board [View article]
I don't think that you are giving Crunching Numbers a fair shake. I, too, have been somewhat concerned as to what a takeover would mean to shareholders, especially since Mel let it be known that he was not interested in working for Liberty, and Mel has been the steady hand who guided SIRI literally back to life from the depths of HELL in early 2009. I've been pleased to see SIRI meet my target forecast of $3.00 for year end 2012 share price, and It looks like they are headed for $5.00 by year end 2013. you can write that down and verbally cane me in public if the stock falls short of that goal, but I think I'm on solid ground in my prediction for Sirius XM., barring another phony manufactured "debt ceiling crisis" in congress which drove the broad market down by about 15 percent. If Liberty can continue to operate SIRI in a manner similar to Mel, I would say that this may indeed one case where the first of the "Three big Lies", may prove to be not such a big lie after all. "There will be no changes after the merger" may actually prove to be true if SIRI share prices stay on their steady upward path. As to the second and third lies, "I'll be home at 5:00" and "I won't .... in your mouth", I would say that they are still going to be well qualified as two of the "Three Big Lies."
Liberty Media Takes Hard Control Of Sirius XM, Dominates Board [View article]
On another note, I've wondered about the possibility of SIRI getting into the Internet over satellite business, and also possibly Satellite TV on a smaller scale than Direct TV or Dish network. I just purchased a new HDTV with 3d and Internet apps, and a Blu Ray player with the same features. I would LOVE to cut my cable. I promise, I would not miss the wonder bra channel, home shopping network, or 90 % of the garbage being pawned off on cable, and even Direct and Dish network subscribers. We never watch 95% of the channels which we are paying for every month, but would love the opportunity to purchase HBO and other movie services,Blockbuster, Netflix, Hulu Plus, etc. plus maybe a few sports networks, MSNBC, etc. for about $50 per month. Dish network is pretty close to that pricing now, but I'd love to buy from SIRI, especially if they had Internet via satellite available as part of a "bundle." Isn't there some new technology which further compresses programming so that bandwidth doesn't become such an issue?
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Are you by chance shorting SPU? If so, I think you have been caught with your "shorts down."
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Like the author, I would like to see SPU start paying a nice dividend, and 4 or 5% would not be a problem for them at all considering their huge profit margins. The dividends are not a huge factor as far as my own portfolio, but they would make the stock extremely attractive to institutional investors, pension funds, etc. I was talking with my brother in law recently and he was griping about his investments not making any return, but his retirement account is in money market funds. My portfolio is about 70% in equities, and 30% money market funds, and my IRA has more than doubled since Obama took office. I'd like to think that I've been a shrewd, but anyone could have done almost as well just buying a market index fund. But I really believe that Sky People is going to be a company that far outperforms the broad market in the next few years. I think the stock could easily be an $8.00 to $10.00 stock within 3 years, especially considering the plant expansions now underway.
Impact Of Share Buyback On Sirius XM Debt Rating [View article]
I'm assuming that you are an accountant or a CPA. When I was in the wholesale business, we used to call number crunchers "bean counters" and we certainly need people who can count the beans. Having said that, I have never in my life met a CPA who was a democrat. I used to get upset, until the republicans had the law repealed altogether, when my CPA would prepare my tax return and check the box, without asking me, that I didn't want to support the public campaign fund. THere was a time when I used to vote republican quite a bit, voted for Reagan and campaigned for Nixon.
Having said that, I welcome you to verify this information. I just read that if you invested $10,000 in the Dow average under republican administrations only, beginning in 1900, and pulled your money out of the market until the next republican administration when the democrats won the White House, your $10,000 would earn an average of a 5.1% return, and would be worth a cool $1.8 MILLION today thanks to compounding. Pretty good, huh?
Unless you compare to the "anti business" democratic administrations which produced an average of 12.1%, making your $10,000 now worth over $2 BILLION, more than 1,000 times the return produced by "pro business" republicans.
So which party is better for business? Corporations have been recording RECORD PROFITS for the past 2 years, and this means they are going to need to start rehiring workers or expanding operations.
Obama has beaten the heck out of even the democrats' 12.1% average by doubling the Dow average, with an average return of more than 33%. My IRA has doubled in value since Obama took office, right in line with the DOW and would be worth much more had it not been for the PHONY "debt ceiling crisis" caused 100% by the Tea Party Republicans.
As you know, this was just a matter of paying our nations bills which had already been obligated, bonds maturing, contracts due payment, etc. The Dow was actually up 100 percent under Obama in a little over TWO years until the Tea Party threatened to force us into default. I was stupid enough to believe Michele Bachmann when she said "there will be no effect on the financial markets if we default" and "our nation's credit rating will not be lowered." I left my money in the market and suffered about a 20% "paper loss" due to the tea party. It's back up now, no thanks to the republicans. I made a whopping 1 percent per year under the "Lost decade of W Bush."
Impact Of Share Buyback On Sirius XM Debt Rating [View article]