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david8ricardo

david8ricardo
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  • Sprott Resource Corp Announces CEO Change Up - What It Means For Shareholders [View article]
    yes, the dividend was implemented trying to appeal to the wrong investors. and yes, quickly canceling it makes them look flightly. but like IanJC points out the discount to NAV is huge, and the underlying assets are good, and the management is capable. i'd like to see them sell the Gold, pay off the debt and then just focus on nurturing what they have: One Earth Farms and Independence Contract Drilling have great prospects in the next year.

    this is the kind of opportunity that my investment dreams are made of ;-)
    Oct 25 07:41 AM | Likes Like |Link to Comment
  • CreXus (CXS) is downgraded to Neutral from Overweight at JPMorgan after yesterday's purchase offer from Annaly took the stock above book value and nearly to the level of the acquisition price. If CreXus shareholders haven't sold yet, they may want to think about it as pretty much only bad things can happen to the stock price from here. [View news story]
    the other thing to remember is that NLY is the largest shareholder and very involved in CXS ... there will be no "surprises" that derail their valuation. the only possibility is if the CXS independent director committee sets a value that NLY considers so outrageously high that they walk away, but these guys all know each other and understand the business well so i just don't see that as likely. we might get a dime or quarter more but i think the deal will just close at the current bid plus dividends in the interim ... a safe haven with a high yield for now
    Nov 14 08:51 AM | Likes Like |Link to Comment
  • CreXus (CXS) is downgraded to Neutral from Overweight at JPMorgan after yesterday's purchase offer from Annaly took the stock above book value and nearly to the level of the acquisition price. If CreXus shareholders haven't sold yet, they may want to think about it as pretty much only bad things can happen to the stock price from here. [View news story]
    "only bad things can happen" ... i'd say the exact opposite. NLY isn't going to pay less, may be forced to pay more, and you get a solid dividend for waiting. i'm holding for now
    Nov 13 08:13 AM | Likes Like |Link to Comment
  • Top Undervalued High Dividend Picks From Gold And Silver Mining-Focused Star Fund Sprott [View article]
    excellent analysis, thanks for sharing
    Apr 27 07:59 AM | 1 Like Like |Link to Comment
  • Where Is The (Relative) Bottom For Agriculture? [View article]
    RJA, the Rogers International Commodity Index - Agriculture is an ETN with a very broad mix of commodities

    http://bit.ly/Iq4Mv0

    anybody have any thoughts on what's wrong with that one?
    Apr 9 07:22 AM | 1 Like Like |Link to Comment
  • After a Decade of Miscues, Can Microsoft Hook Up With the Mobile Revolution? [View article]
    @davesmall -
    (1) all the android handset manufacturers have access to new low-priced chipsets, for example broadcom, so the supply chain does produce better cheaper sets for all
    obront.wordpress.com/2.../

    (2) some of the android guys like samsung and LG are the ones who actually sell the parts to apple ... are you saying they will charge themselves more than they charge apple?
    www.appleinsider.com/a...

    (3) have you seen innovative and cheap Asus eee transformer for $400? and that is just the start. tablet pricing will get crushed for sure.
    www.pcmag.com/article2...

    you are excessively confident, imo
    Jun 2 10:08 AM | 1 Like Like |Link to Comment
  • Playing the Fertilizer Trade With Potash [View article]
    check out Stonegate Agricom (ST on toronto) ... two big projects in peru and idaho. backed by Sprott Resource Corp

    www.stonegateagricom.com
    May 31 06:03 PM | Likes Like |Link to Comment
  • After a Decade of Miscues, Can Microsoft Hook Up With the Mobile Revolution? [View article]
    what do you expect to happen to apple's margins as the android onslaught of products hits the market? i think they will likely end up cut in half, which would make the AAPL price today not look so crazy cheap ... perhaps that is why AAPL hasn't moved higher to reflect the current market share dominance?
    May 31 05:56 PM | Likes Like |Link to Comment
  • 3 Myths That Will Pop the Gold Bubble [View article]
    if the author took the time to update his data, he'd know that India's "decline in gold jewelry sales since 2005" was reversed shortly after his original article was posted in aug 2010

    "Jewelry demand in India surged 36 percent in the third quarter even as gold prices gained"
    www.commodityonline.co...
    May 8 08:20 AM | 5 Likes Like |Link to Comment
  • Forget $2000 an Ounce; Gold Set to Plummet [View article]
    the author says "Before the financial crisis, gold was priced at $650/ounce in January 2007. The average price of gold had fluctuated between $300 and $500 during the ten years prior." ... this is such a mis-characterization, that it makes me wonder why the author is being so deceitful? check this 10 year chart, gold more than doubled in those prior 6 years. does the word "fluctuate" give the correct impression?
    66.38.218.33/charts/po...

    And with regard to Soros, he first made those comments in January, not "last month". and he held a very large gold position then, and has continued to add in recent months. yes, gold WILL BE the ultimate bubble, but we are nowhere near close to the top yet. (which doesn't mean that we aren't due for a nasty pullback any day now, but it does mean that the trend is up for a long while more while every country tries to depreciate their currencies)
    Oct 7 08:13 AM | 32 Likes Like |Link to Comment
  • Either Gold Is Overvalued or Everything Else Is Undervalued [View article]
    this reminds me of Kedrosky predicting the imminent demise of Apple because they were "over-levered to a single product" (the iPod). Kedrosky even promised in writing in the National Post (circa 2005) to eat his column if his predictions of doom for Mac and iPod didn't come true (which i don't think he ever did). smart guy, good thoughts, but not always visionary
    Jun 15 08:38 AM | 5 Likes Like |Link to Comment
  • Apple Leads Microsoft in Market Cap Race: Lessons for Investors [View article]
    yes, that's exactly the investment i made in AAPL, based on belief in their products supported by a great balance sheet. and of course i was long gone before the rocket ride of the last few years. based on technology, i've been a huge apple supporter since the early 80's and i would say their actual product advantage today is smaller and shrinking (compare iphone/ipad/appleTV to android, HP/palm) in contrast to the history of OSX vs Windows. Jobs is making the proprietary mistakes of his past. and also the Jobs will not run this company forever and will obviously be difficult to replace. caveat emptor
    May 30 08:38 AM | Likes Like |Link to Comment
  • Investing in Farmland: Considering Schober's Article [View article]
    Sprott Resource Corp in Toronto (SCP) has an joint venture called One Earth Farms with the First Nations natives in Alberta/Saskatchewan Canada to harness farmland ... it is potentially a 1-million acre farm, and SCP is likely to spin it off public if it works out and there is investment demand

    obront.wordpress.com/2.../

    note that SCP operates like a public hedge fund with active buying/selling of businesses ... it currently has mostly cash (and some gold silver) on its balance sheet, some oil and potash investments, the manager has a great track record, and is currently trading under NAV. i own it
    Sep 7 08:29 AM | 1 Like Like |Link to Comment
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