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jkaness

jkaness
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  • Notable earnings before Thursday’s open [View news story]
    Dar, the website now has the press releases. I call it good news. Apparently some others are still scared. 1. Maybe they do not believe Penn West. 2. Or maybe they are scared off by all those lawyers who are still scouring two countries looking for a lead plaintiff. That deadline is apparently 3 October. As one who has been sued, and threatened with suit, for more than I will ever have (both came to nothing) I am not scared by that.
    Sep 19 11:39 AM | Likes Like |Link to Comment
  • Notable earnings before Thursday’s open [View news story]
    Correct, Dar. PWE results are due 14 October according to them.

    This is the second SA news report I've gotten that the title mentioned PWE but the article did not.
    Sep 17 08:03 PM | Likes Like |Link to Comment
  • Why Projections For Tesla To Sell 500,000 Cars In 2020 Are Absurd [View article]
    I know nothing about the car business, and as little about stocks it appears. But one factor stands out: This is the third SA article on TSLA today. It was running two a week and now three a day??? All the rest of my stocks together might net 2 SA articles a month!

    Is this a feverish attempt by the longs to convince themselves they are right?
    Sep 17 11:49 AM | 1 Like Like |Link to Comment
  • Penn West says no new material changes to past financial statements [View news story]
    Further research tells me there are two different definitions of "institutional ownership". The major difference is whether or not banks are included. Why banks? The institution is presumed to utilize trained and experienced professional stock experts who know what they are doing (as well as anyone can).

    My own stocks are bought, sold, and held by my bank. Are these trades made using the bank's professional expertise? NO! In my case the trades are what I alone tell them to buy and sell. Should my bank with its thousands of individual investor accounts be included in the institutional count? You decide.

    Investopedia at http://bit.ly/1nNZ4bD says banks should NOT be included. msn.com at http://on-msn.com/1nNZ4bE says their definition does include banks. Moving my Firefox cursor over the column heading "Institutional Ownership" brings up the information "Percent of a company's shares owned by banks, mutual funds, pension funds, insurance companies and other institutions"

    So I suspect both numbers, 39% and 93% are correct depending on the definition of "institutional" used.
    Sep 11 10:51 AM | Likes Like |Link to Comment
  • Penn West says no new material changes to past financial statements [View news story]
    My last two dividend payments arrived on 16 April and 15 July. The next one is due about 15 October: Every 3 months and about 6 weeks after the quarter end.

    BUT, I recall (but cannot find just now) the news release about the current financial review said the dividend payment would depend on what they found in the review.
    Sep 10 04:56 PM | Likes Like |Link to Comment
  • Penn West says no new material changes to past financial statements [View news story]
    Maybe someone is dyslexic and 39% became 93% ???
    Sep 10 04:09 PM | 3 Likes Like |Link to Comment
  • Penn West says no new material changes to past financial statements [View news story]
    And thanks for the update. I am reminded of the old adage that "figures don't lie but liars figure!" My bureaucratic experience is that all these numbers depend upon precise definitions of terms. Also there are just too many stories out there of well meaning laws being blatantly violated "unintentionally". Again, I am not arguing, just being suspicious of all the numbers!

    If your 39% number has held during all this fun then the professionals are not worried. I am long PWE.
    Sep 10 03:37 PM | 1 Like Like |Link to Comment
  • Penn West says no new material changes to past financial statements [View news story]
    My data is from msn.com at http://on-msn.com/WJR5F0 . I am in no position to argue who is correct and will appreciate any discussion on that. Perhaps the definition of "institutional" has something to do with the different numbers.
    Sep 10 03:03 PM | Likes Like |Link to Comment
  • Penn West says no new material changes to past financial statements [View news story]
    Info available to me says over 93% of PWE stock is owned by institutional investors and that number has actually nudged up a tad since all this fun started. The professionals seem not to be worried. At half book value, why should they? Things should look better by Christmas.
    Sep 10 02:43 PM | 2 Likes Like |Link to Comment
  • Update: Penn West Receives Additional Waiver Of Defaults [View article]
    With 492 million shares reported, that would lower book 81 cents/share from $14.02 to $13.21 before any tax adjustments. Several oil companies I've looked up are selling from 1.5 to 2 times book. That puts the potential future in the 20's if all goes well with the turnaround. And based on public information I expect the lawsuits to end up in the shredder.
    Aug 25 02:02 PM | Likes Like |Link to Comment
  • Update: Penn West Receives Additional Waiver Of Defaults [View article]
    The suing is an intimidation. If management is smart they will spend a minimum of time on it. Otherwise I too agree with all the comments. It's time to buy PWE.
    Aug 25 11:14 AM | Likes Like |Link to Comment
  • Maxwell +4.6% on Spanish ultracapacitor deal [View news story]
    Win Inertia and its Spanish Rail project is the third such application this year for electric railway energy efficiency. Woojin Industrial led the way in February with its Korean Rail project, followed in April by ABB and their Philadelphia, PA rail project. For verification see Maxwells news at http://bit.ly/1oNOC90

    "This could be the start of something big."
    Aug 19 11:45 AM | Likes Like |Link to Comment
  • Penn West -9% after revealing accounting irregularities [View news story]
    I have another stock that went through a similar episode. Finagled books and threatened class action lawsuits. The stock tanked and I got a good buy on it! Company cleaned house, lawsuits vanished, and stock rebounded. In both cases (my opinion) the companies were worthy of investment and did good business. They just had some crooks in management and the crooks got fired.

    Disclaimer: I just bought some more PWE.
    Jul 30 06:39 PM | 1 Like Like |Link to Comment
  • Penn West -9% after revealing accounting irregularities [View news story]
    Let the bears panic and beat the stock price down. Then, buy, buy, buy.
    Jul 30 08:48 AM | 2 Likes Like |Link to Comment
  • Tesla Earnings: Is Momentum Lost? [View article]
    We should do an IPO for articles about TSLA on Seeking Alfa. Now, that is really taking off!
    Jul 29 07:05 PM | 1 Like Like |Link to Comment
COMMENTS STATS
65 Comments
96 Likes