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Bryce_in_TX

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  • Einhorn's Fracking Concerns Are Nothing New - Part 2: Opportunities For Profit [View article]
    @Widsom's reward,

    Matthew 5:11-12:
    "Blessed are you when people insult you, persecute you and falsely say all kinds of evil against you because of me. Rejoice and be glad, because great is your reward in heaven, for in the same way they persecuted the prophets who were before you."

    Keep the faith.
    May 16, 2015. 09:40 AM | 1 Like Like |Link to Comment
  • Tesla affirms 2015 delivery guidance; margin growth boosts EPS [View news story]
    And Toyota has got serious oil usage in some if its cars after 60K miles. How old is Toyota?
    May 16, 2015. 05:05 AM | 1 Like Like |Link to Comment
  • Einhorn's Fracking Concerns Are Nothing New - Part 2: Opportunities For Profit [View article]
    @Carl Martin,

    "Faith, by the way, is based upon ignorance, not knowledge."

    Have you ever sought the presence of God? You speak of what you assume does not exist. From my own experience, not merely faith, I have been in God's presence and it was accompanied by events. I had no clue such events happened to a believer. I assumed it was all faith as well.

    You speak without knowledge of what you are talking about.

    I KNOW he IS. It was once just faith. That changed in April, 1972. Faith is the vehicle God has chosen for a believer to enter his Presence. Ephesians 3:19 Amplified version. Paul had the same experience.

    "That you may really come to know, practically, through experience for yourselves, the love of Christ which far surpasses mere knowledge without experience; that you may be filled through all your being unto all the fullness of God; that is may have the richest measure of the divine Presence, and become a body wholly filled and flooded with God Himself!"

    Such things still happen today, and more, to those who not only have faith, but are faithful to God.

    Evidence comes through faith. Without it you will probably never be a witness to what God does.
    May 15, 2015. 07:12 PM | 1 Like Like |Link to Comment
  • Tesla affirms 2015 delivery guidance; margin growth boosts EPS [View news story]
    Pot Pie,

    You really want to do this? Look at Toyota and GM. No doubt I could pull up Ford, Chrysler, etc.

    http://bit.ly/1PoK4DI

    A couple of Toyotas had to be towed from the first 10 or 15 posts.

    http://bit.ly/1PoK4DJ
    May 15, 2015. 06:48 PM | 2 Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    Did anyone notice this article at Bloomberg? Compare that to a Tesla. Yikes.

    http://bloom.bg/1PofqdF
    May 15, 2015. 01:34 PM | 3 Likes Like |Link to Comment
  • Tesla: Lower Q2 Expectations, Fall In Customer Deposits [View article]
    "Whenever a body style is a hit, it's not unusual for that style to run for 8 to 10 years"

    There is some truth here. Take a look at the 2009 Honda Accord and the 2015 model. They look very much alike. This style or look has been adopted by BMW, Ford, and Chrysler, as well.

    http://bit.ly/1FdaMHj

    http://bit.ly/1FdaKPM

    http://bit.ly/1FdaMHo

    http://bit.ly/1FdaMHt

    http://bit.ly/1Pociyl
    May 15, 2015. 01:10 PM | 2 Likes Like |Link to Comment
  • Linn Energy - Get Paid To Wait [View article]
    Excuse me, I meant "rationale".
    May 14, 2015. 08:51 PM | 2 Likes Like |Link to Comment
  • Linn Energy - Get Paid To Wait [View article]
    @Daniel Jones,

    " The successful efforts method of accounting pushes profits down and can even result in losses for a growing E&P operator."

    What is the rational for capitalizing costs which have no future economic benefit?
    May 14, 2015. 08:44 PM | 2 Likes Like |Link to Comment
  • Linn Energy - Get Paid To Wait [View article]
    @smurf,

    "How about earnings from operations? A unique concept at LINE. They've lost money 8 out of the last 11 years."

    You can't rely on the Income Statement, in LINE's case. The gains or losses on Derivatives contains unrealized gains or losses on unsettled derivatives. GAAP requires that each accounting period the changes in fair market value of unsettled derivatives be reported on the Income Statement as a gain or loss. But the change in value of the item that the derivatives hedge, the oil and gas reserves, is not reported on the Income Statement. So, just one side of the unsettled hedge transactions are reflected in the Income Statement. This is not economic reality. GAAP distorts the economic reality, so the earnings from operations that you refer to are materially distorted.

    I think LINE has too much debt and pays out too much in distributions and I wouldn't touch it again. In that regard, it makes me question DCF as a reliable metric for measuring how much can safely be paid out in distributions. But the earnings reported on the GAAP Income Statement are not reliable, IMO.
    May 14, 2015. 08:11 PM | 2 Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    I should have added:

    So instead of some of the R&D showing up in cash flows from investing activities, it all shows up as cash flow from operating activities.
    May 13, 2015. 04:44 PM | 2 Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    @cparmerlee,

    "Are you truing to tell me the fixtures for the additional production capacity are NOT in INVESTING CASH FLOW?"

    I think what Green Tech is saying is that the R&D is expensed immediately under GAAP and is reported as a cash outflow from operating activities. Yet the Development expenditures will benefit future years, so there is an over statement of operating cash outflow, making operating cash flow more negative than it should be, and I agree with that. Under International accounting standards, Porshe, VW, BMW, etc., can capitalize these expenditures and amortize them over the periods expected to benefit from them. Tesla, or any other US auto firm is not allowed to capitalize any R&D.
    May 13, 2015. 04:27 PM | 4 Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    There seems to be confusion as to what is on the Income Statement and what is on the Statement of Cash Flows. Stock based compensation, when paid, is an expense that shows up on the Income Statement in determining Net Income or Loss. On the cash flow statement this expense is added back to Net Income or Loss, since it is non-cash.

    When the options are exercised, cash is received and recorded as a stock purchase (owner contribution) and that cash shows up on the Cash Flow Statement as cash flow from financing activities. The cash is not recorded as revenue. It does not show up as operating cash flow because it is not cash derived from operating activities.
    May 13, 2015. 04:05 PM | 2 Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    @GreenTECH Analysis,

    "Actually stock-based compensation is also revenue when it comes to Musk since he has to buy the shares at a fixed price."

    Musk is a part owner of Tesla. The exercise of the option is treated as a stock purchase and is an owner contribution, not revenue.

    Debit: Cash
    Debit: Paid In Capital-Stock Options
    Credit: Common Stock
    Credit: Paid in Capital in Excess of Par (If applicable)

    The purchase is treated as cash flow from financing, not from operations, on the Cash Flow Statement.
    May 13, 2015. 03:46 PM | 1 Like Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    @TES,

    The accounting guidance allows either a reduction in the cost of the asset or a deferred credit in recognizing government grants. So, Randy could be right. See IAS 20 in link.

    http://bit.ly/1PGZPRi

    (See page 10 in link.)

    http://pwc.to/1PGZPRl
    May 13, 2015. 03:20 PM | 2 Likes Like |Link to Comment
  • Turns Out A Tesla Supercharger Costs 2 Or 3 Times What Elon Musk Said [View article]
    @cparmerlee,

    "And also keep in mind that this guidance for positive cash flow in 4Q does not mean they expect OPERATIONS to be cash flow positive. It might simply mean that they plan a major capital raise in 4Q as the X shipments are starting. "

    I take it to mean free cash flow positive, as that is what was specifically discussed in the conference call by the CFO. He said free cash flow positive "in the purest sense". So, if Tesla doesn't have the positive operating cash flow to pay for cap ex, then I will consider Tesla to have failed it's goal. Financing cash flows don't figure into free cash flow.
    May 13, 2015. 01:59 PM | 1 Like Like |Link to Comment
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