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losbronces

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  • 5 Loughts On Thongs...I Mean...No, That's Right [View instapost]
    Thanks for the update Joe. I'm still holding MNKD and IMUC. I've traded IMUC, but have what I consider a full position now. I completed a nice trade off of GTXI, I would have never even looked at that one without your drawing attention to it (or IMUC for that matter).
    Oct 4, 2013. 09:57 AM | 1 Like Like |Link to Comment
  • Vale's Depressed Valuation Offers Opportunity For Anti-Cyclical Long-Term Investors [View article]
    I agree that Vale has some potential for moving up more quickly than the other members of the big four mining companies (BHP, RTZ and Glencore) due to the Valemax situation and some other moves they've made recently.

    But I expect that Vale will always sell at a discount to those other companies on a valuation basis.
    Sep 28, 2013. 12:14 PM | Likes Like |Link to Comment
  • Deep value hedge-funder shares long-short picks [View news story]
    And yet Codelco plans to raise premiums for copper next year: http://bit.ly/1bimS6l
    Sep 28, 2013. 10:03 AM | Likes Like |Link to Comment
  • Vale's Depressed Valuation Offers Opportunity For Anti-Cyclical Long-Term Investors [View article]
    Because Vale can be forced to make investments that don't generate returns for most of the shareholders but satisfy Brazilian government objectives. Just as with Petrobras being forced to build facilities to generate jobs even though they won't contribute to shareholder value.

    That is why people care, and its why Vale and Petrobras sell at discounts to their peers.
    Sep 27, 2013. 12:19 PM | 1 Like Like |Link to Comment
  • The Most Hated Stock In The S&P 500 Is A Best Of Breed [View article]
    China imports more than 40 million tonnes per year of coal from Australia: http://bit.ly/1byaKgH
    Sep 21, 2013. 03:25 PM | Likes Like |Link to Comment
  • The Most Hated Stock In The S&P 500 Is A Best Of Breed [View article]
    I agree with your last statement that its too early for buying Joy Global. At some point, there will be a comeback in Joy due to underinvestment in mining equipment, but that could be as much as three years out. I will conceded that they can come back quickly and strongly as we saw in 2010. As the author stated, a buyout is possible, but I understand there had already been discussions between Komatsu and Joy while things were going well in mining and those didn't lead to a buyout. If a takeover happens and you're holding for the long-term you don't want it to happen during the current down-cycle as you won't get the best price.
    Sep 21, 2013. 09:17 AM | 2 Likes Like |Link to Comment
  • The Most Hated Stock In The S&P 500 Is A Best Of Breed [View article]
    "coal fears are overblown" I don't think that is the case. Many coal projects are on-hold or cancelled.

    If you are a coal miner, I don't think you are buying new equipment anytime soon. You would be looking at used equipment from closed mines and second-life rebuilds to keep capital cost down. At the least, they will be demanding big discounts for new equipment. Good-bye margins.
    Sep 20, 2013. 06:55 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Well here are the ACS stats with respect to incidence: http://bit.ly/1aU0pw6.

    Breast cancer is the most frequent cancer affecting woman and prostate cancer has the highest frequency in men. I didn't look at the associated death rates, but you can see that breast cancer rate is more than double the lung cancer rate in women. In the case of my mother, she had breast cancer first and then developed lung cancer about five years later. She never smoked. Her death was recorded as a lung cancer death.

    So since breast cancer is more likely to affect a woman than any other type of cancer, I am not seeing the validity of your statement. Are you suggesting that the focus should be on the most likely ultimate, fatal form of cancer rather than the cancer most frequently seen (especially in otherwise healthy non-smokers)? Or are trying to make a joke of it?
    Sep 18, 2013. 03:59 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan Partners: Hedgeye's Error Could Cost You [View article]
    And it worked perfectly for them. Something to think about.
    Sep 18, 2013. 02:48 PM | Likes Like |Link to Comment
  • Kinder Morgan gains as it holds conference call [View news story]
    If he is playing it short as indicated, he has made some money too.
    Sep 18, 2013. 02:37 PM | Likes Like |Link to Comment
  • Kinder Morgan gains as it holds conference call [View news story]
    In this case, the exponent is 2 and not e. Please check the definition of exponentially. I have applied that word correctly. See 2A here: http://bit.ly/156owja or look in a Cambridge dictionary which shows simply: describes a rate of increase that becomes quicker and quicker as the thing that increases becomes larger.
    Sep 18, 2013. 01:45 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan gains as it holds conference call [View news story]
    The flow supported by a pipeline is directly proportional to the cross-sectional area of the pipe and the cross-sectional area of a pipe is Pi x the radius squared--just saying 33% (12 inch going to 18 inch diameter) is wrong even if were going to break capital down that way. As pipeline diameter increases, the flow supported (which of course depends on pressure, temperature and the fluid transported) goes up exponentially.
    Sep 18, 2013. 01:00 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I had the same thought. The last I saw, their military was unionized and would be next to worthless in an actual conflict.

    What does 37 fighters buy them? They would be wiped out on the ground in a first strike scenario anyway.
    Sep 17, 2013. 09:30 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Flyswatter:

    The taper will cause share prices to drop because interest rates will rise (they are already rising in anticipation) and that will provide an attractive alternative to stocks. So even if the higher interest rates don't impact a company's ability to continue with growth plans and margins remain strong; the stock prices will still drop because money will move out of stocks. Also, there will be less QE funds available to invest. Lower demand will lead to lower prices even if a company's results remain strong.

    From your example of Starbucks, taper shouldn't have an impact on the amount of coffee they sell. It could have them paying higher interest rates on debt, but lets assume that doesn't happen. So Starbucks margins remain intact and their growth continues; nonetheless there will be money that moves out of Starbucks into USTs (for example) if the interest rates are more attractive on what is reviewed to be a lower risk investment. That can (not necessary will) cause a drop in the stock price. But in the overall stock indices, you will see a drop at least short term. At least that is my opinion.
    Sep 17, 2013. 08:40 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I never saw Summers as being opposed to low interest rates, which I would consider easy money. He was opposed to the continuation of QE; which he felt was ineffective as it actually created incentive for banks to reduce risk and not make loans. (Yes, that is an oversimplification). Here is a link to Summers' own website: http://bit.ly/15098VN
    Sep 16, 2013. 10:03 AM | Likes Like |Link to Comment
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