Seeking Alpha


Send Message
View as an RSS Feed
View ALiveH's Comments BY TICKER:

Latest  |  Highest rated
  • Can't Go Wrong With Rite-Aid - Cramer's Lightning Round (11/24/15) [View article]
    on last night's show Cramer said he'd like to get ETP chairman kelcy warren on the show.
    Nov 25, 2015. 10:28 AM | Likes Like |Link to Comment
  • Energy Transfer Investor Day: Go Big Or Go Home [View article]
    I thought ETP said on the recent SUN dropdown call that their blended all-in cost of capital, including IDRs in the high splits is currently ~9%? Did I mis-hear that?

    Also, any thoughts on what ETP will do with their almost $4 Bn combined holdings in SUN and SXLP units? If ETP were able to sell them at market, that would be instantly ~20c / year accretive to DCF according to my calculations (since SUN and SXLP trade at lower yield than ETP).

    Lastly, once ETE deals with the WMB integration, any thoughts on whether they buy out ETP down the road? A transaction structured correctly could leave ETE with the best of both worlds - low cost of equity capital of ETE and low cost of debt capital if could move up to investment grade like ETP.
    Nov 20, 2015. 09:59 AM | 1 Like Like |Link to Comment
  • Kayne Anderson MLP Investment Company - A Value Play With A 12% Yield [View article]
    KYE trades at almost 10% discount to NAV whereas KYN trades at a big premium. Very similar portfolios, same team of investment managers. I like KYE better.
    Oct 29, 2015. 10:15 AM | 2 Likes Like |Link to Comment
  • Aecom Is Down 23% Since We Told You To Avoid It: What Now? [View article]
    It's a good, but not as awesome an avoid call considering the market is down >10% over the same time and it's a high beta stock.
    Sep 29, 2015. 06:04 PM | Likes Like |Link to Comment
  • Energy Transfer Equity Is Closing In On A Deal For Williams [View article]
    don't know why you're so sure of yourself. WMB has outperformed MLPs broadly by ~7.5% from the peak in Aug last year and that's all attributable to the pop it got in June on the buyout offer.
    Sep 29, 2015. 05:39 PM | Likes Like |Link to Comment
  • The One mREIT I Would Buy Right Now [View article]
    Why no mention of the CFO departure? You do know that's why the stock's making new lows?
    Sep 29, 2015. 01:47 PM | 1 Like Like |Link to Comment
  • Energy Transfer Equity Is Closing In On A Deal For Williams [View article]
    Yes. You pretty much summarized why investors have much higher regard for ETE's management than WMB's. WMB overplayed their hand. The whole space is down almost 50% from peak. If the deal breaks WMB is going below 30, all things equal. When WMB shareholders receive ETC shares, they will be able to ride the recovery in midstream stocks while avoiding additional 20% wealth destruction, with a far better management team.
    Sep 29, 2015. 01:43 PM | Likes Like |Link to Comment
  • Energy Transfer Equity Is Closing In On A Deal For Williams [View article]
    Look into the history between these two a bit. They compete against each other & hate each other.

    ETE made WMB look foolish and obtained lots of confidential, proprietary data during the auction process. If ETE walks away now WMB stock drops 20%. WMB literally can't win and ETE comes out ahead regardless of what happens. Checkmate.

    There's lots of other accretive deals ETE can do. Lots of other cheap midstream companies out there or they could roll up ETP much more accretively than the KMP/KMR/KMI or proposed WMB/WPZ deals.
    Sep 25, 2015. 10:37 AM | 6 Likes Like |Link to Comment
  • Bloomberg: Energy Transfer deal for Williams may come within two weeks [View news story]
    Why would they sweeten the offer at all? WMB initiated an auction process & it's now confirmed that there's no competing bidder other than ETE. MLPs are down >25% since the deal was announced. It's an all-stock deal so WMB holders who get ETE shares would be able to participate in any recovery.
    Sep 23, 2015. 01:40 PM | Likes Like |Link to Comment
  • We Repeat: Avoid Media General [View article]
    You should be at least aware of which measures sell-side & buy-side analysts use to value the companies you opine about, and how those measures are calculated.

    Hypothetically, if a company is able to grow their business while spending far less on CapEx than D&A, which do you think is a better set of measures: EPS & NOPAT, or FCF?
    Sep 21, 2015. 01:21 PM | Likes Like |Link to Comment
  • Energy Transfer Partners: The 8.8% Yield Isn't Too Good To Be True [View article]
    Why would a midstream company make any concessions to upstream producers? The producers signed long-term contracts. In the vast majority of cases there is only one pipeline between point A and point B. If the producers want any cash flow at all they need to get their product to market. Even if the producer goes bankrupt, if the bank loan holders want any cash flow and recovery value, they need to pay the pipeline to get product to market.
    Sep 21, 2015. 01:02 PM | Likes Like |Link to Comment
  • We Repeat: Avoid Media General [View article]
    Actually there's only one way to calculate FCF. you should re-read your old b-school accounting textbook.
    Sep 18, 2015. 04:01 PM | Likes Like |Link to Comment
  • Energy Transfer Partners Is Down On Its Luck - Cramer's Lightning Round (9/17/15) [View article]
    Should have mentioned in the article that he was bullish ETP. That & KMI are his two favoriates in the midstream pipeline space. He said he came close to buying more ETP yesterday.
    Sep 18, 2015. 10:35 AM | 1 Like Like |Link to Comment
  • Media General: Even Family Guy Can't Save It [View article]
    also you didn't answer my question what you think the stock is worth or how you get to that valuation. or how many hours you spent on diligence, whether you read the 10-K & 10-Q, listened to any conference calls, read any buy-side or sell-side research reports or considered FCF generation.
    Sep 14, 2015. 02:30 PM | Likes Like |Link to Comment
  • Media General: Even Family Guy Can't Save It [View article]
    Of course anytime a company doubles its size it's transformational (for better or worse) and will look totally different going forward. It sounds like you're taking the opposite side of that totally logical view. An analyst who wishes to opine credibly on that stock should at least put in some effort to analyze where the company is going not where it's been.

    Do you understand MEG's important fundamental drivers, like trends in advertising, retransmission fees, reverse retransmission fees, the upcoming spectrum auction or why 2016 is a completely different animal than 2015 for this whole sector? These weren't mentioned at all. I've seen articles just as short as this one that cover all this important info so brevity is no excuse.

    I encourage your readers to also look at the debate in the comments section for your ACM article.
    Sep 14, 2015. 02:28 PM | Likes Like |Link to Comment