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steve goff

steve goff
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  • E-Trade: Obvious Sale Coming With Potential For Enormous Gains [View article]
    Disclosure > long (SCHW).....I have a share or two ;)
    Nov 3 05:20 PM | Likes Like |Link to Comment
  • E-Trade: Obvious Sale Coming With Potential For Enormous Gains [View article]
    I think we see Goldman(GS) 'buy some integrity' ...and give CHUCK a buy out bid. They are a match made in heaven right now for a few real key market and macro reasons going forward.
    Nov 3 05:15 PM | Likes Like |Link to Comment
  • E-Trade: Obvious Sale Coming With Potential For Enormous Gains [View article]
    etrade over Chuck Schwab.....LMAO! You're dreaming buddy!

    Keep in touch and let me know how that works out for you. Did you get a dividend with ETFC? oh....thats right.

    Chuck is a POWERHOUSE in banking to come my man!
    Nov 3 04:53 PM | Likes Like |Link to Comment
  • Goldman nails investors on behalf of PE clients, Metals USA IPO is an example [View instapost]
    This from the CEO’s comments today in the 3Q conference call. Who by the way, while on the call was very adamant as to how MUSA managed to do so well this past quarter. And the PE the market is currently treating MUSA with is utterly ridiculous. He seemed actually mad in his speaking tone about this. I think he is justified in his sentiment based upon the growth MUSA has exhibited in it’s recent acquisitions within the space. I also took note how he was very stern and repetitive towards the 3 analyst who were on the call (GS, JMP, JEF). Who all congratulated him on a ‘beat’ on earnings this Q. I am expecting an upgrade or two in the net few days from someone beside myself.

    The cash flow machine created here will be paying off and down acquisition debt here in no time.

    *YOY a 25% increase in shipping tonnage

    *43% improvement in revenues

    *70% improvement in EBITDA

    *188% net income increase YOY
    Net sales for the third quarter of 2011 were $492.3 million, up 43% from net sales of $345.3 million for the third quarter of 2010. Net income for the third quarter of 2011 was $16.7 million compared to net income of $5.8 million for the third quarter of 2010. Earnings per diluted share (“EPS”) were $0.45 in the third quarter of 2011 compared to $0.16 for the third quarter of 2010.

    Net sales for the first nine months of 2011 were $1,430.2 million, up 48% from net sales of $968.2 million for the first nine months of 2010. Net income for the first nine months of 2011 was $50.6 million compared to net income of $8.4 million for the nine months ended September 30, 2010. EPS was $1.36 in the first nine months of 2011 compared to $0.26 for the first nine months of 2010.

    I’m a ‘committed, shares in strong hands’ LONG here! And very bullish on this company here today at $10. I owned the stock higher from here but did some good ‘blood in the streets’ buying in August to dollar cost average down to a nice avg that is well above water now. But frankly, that lack of them NOT doing the same opportunistic buying (and them as insiders and me as only Average Joe Investor) bothers me some. They need to put up some money and do some buying for me to commit more capital to my investment here. But what I do own I feel is going to make a lot of money here!


    Here is the link to conference call >

    http://bit.ly/oMg8ZY


    http://seekingalpha.co...
    Oct 22 08:46 PM | Likes Like |Link to Comment
  • 20 Companies Reporting Earnings Next Week Undervalued By Graham [View article]
    Metals USA Holdings Corp (http://bit.ly/o6AXsH) …..I’m here! Are you?

    http://bit.ly/phJOdM

    They supply Boeing (http://bit.ly/pHZaJm) and it’s 787 Dream-Liner (uses twice as much aluminum sheeting as rest of BA’s models), among other aerospace companies that will be refurbish fleets over next decade, the oil and gas service industry, The trucking industry, Farm and agriculture equipment, Major Appliance Manufacturers, General Electric (http://bit.ly/nZ6yti), They make some electrical components and cabinets for them. Like the aluminium cabinets you see on street corners that house the traffic light controllers. That is bullish in itself for USA infrastructure revamp. This company has a monopoly on many specific things used in a lot of specific industries that will be seeing increased sales and demand soon. They also have some very lucrative Federal Government contracts both military and non. They also make ‘heat exchangers’ for geothermal wells/alternative energy and home heating industry. I personally would give this company any credit facility they needed or wanted and send them on a shopping spree to grow some more. I also see a dividend in future from the cash flow creation taking shape here. They make a lot of the steel for the automotive business (flat rolled steel) from their Ohio Valley recent acquisition. This is a USA jobs producer company (that goes milessssssssss in my trading book)

    June 29, 2010

    Metals USA Holdings announced the acquisition of J. Rubin & Co.. A well-established metal service center with locations in Illinois, Wisconsin and Minnesota, J. Rubin’s broad product range consists of carbon steel bars, carbon plate and laser-cut flat-rolled products. J. Rubin’s product mix and value-added services are provided to a diverse range of end-markets.

    March 11, 2011

    Acquires The Richardson Trident Company. It’s third acquisition since its IPO last April. With sales for the twelve months ending December 31, 2010 at approximately $148 million on 23,000 shipped tons, Trident is also the largest company acquired by Metals USA so far. With the addition of Trident’s eight processing centers located in Texas, Oklahoma, Georgia, California, and Massachusetts, Metals USA significantly increases its geographic coverage toward desired target markets in the Southeast, South central, Northeast and the West Coast of the United States
    Oct 22 08:40 PM | Likes Like |Link to Comment
  • CVR Energy CEO Discusses Q4 2010 Results - Earnings Call Transcript [View article]
    If this company is not offered a take out bid in the next 6 months....I will be shocked!
    "In 2006, we looked forward and realized that at some point in time, we might have used for additional crude storage in Cushing. At that time, we purchased 183 acres of land with attractive pipeline write-aways right in the heart of Cushing. {{{We are now proceeding to build a million barrels of storage on our portion of our property to supplement the 2.7 million barrels that we currently
    lead.}}}] THATS HUGE RIGHT NOW ...and answers who is all a part of the 7 million barrel build out at Cushing. Good money to be made and SAVED in the oil storage biz right now and in the future domestically safe resources.

    Fertilizer prices began the year of $275 a ton for ammonia and $210 per ton UAN. Year-end pricing was approximately $600 per ton for ammonia and a $330 a ton for UAN and prices continue to move upward."
    Mar 3 06:02 PM | Likes Like |Link to Comment
  • Six Myths About Smart Grid [View article]
    Like all major/impactual life altering technology. You have to release/implement it, at a rate the world can both socially and economically absorb it! Lets just say cold fusion was mastered/conquered (it just might be already) They couldn't release it to the world overnight. World govt and economies would fall off the proverbial cliff overnight.

    As for people not wanting to give up control over their electricity needs and wants. that process has already started w/out them people even knowing yet. Via the actions taken by most utility companies across America going to wireless meter reading technology. To optimize efficiency and to cut overhead, via not having to dispatch a electrical service worker, to say terminate service for non payment (boot your electric meter). It now can be done at the punch of a computer button from the local office. Big money saver there for them. Itron (ITRI) ,Badger Meter Inc (BMI), Digi International Inc. (DGII) Comverge, Inc. (COMV) all major players in the trade. I have owned and traded them all, within the last year (see below links to stockpickr.com) The backlog of products needed is impressive. Utility companies cant get the new wireless/RF meters quick enough. As for the stocks in the "smart grid trade", I am leery here at these elevated levels. Some report earnings next week. I think most were bidded up on alt energy stimulus money. And with (BMI) I feel it was the S&P and
    Russel re-balancing. It is up over 100% off bottom. It is hard to get a gage on
    the earnings #, because I'm not sure any of the Obama clean energy stimulus
    money has filtered through to their bottom line just yet.
    Jul 16 12:44 AM | Likes Like |Link to Comment
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