Peter Gelinas

Peter Gelinas
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  • Estimating The J.C. Penney Risk Of Insolvency Using The Altman Z-Score  [View article]
    I think I remember reading that JCP's new pricing policies would be:

    A: everyday low prices
    B: a specific month when the item would be at an even lower price
    C: a specific day in that month when prices would be EVEN LOWER

    Sounds like a plan to me !
    May 28, 2013. 11:39 AM | 1 Like Like |Link to Comment
  • Reviewing The Sears Risk Of Insolvency Using The Altman Z-Score  [View article]
    Does anyone know the 'Z' of JCP ?
    May 26, 2013. 03:30 PM | Likes Like |Link to Comment
  • Telecom Italia (TI) shares +3.6% to €0.595 in Milan following a report that Hong Kong's Hutchison Whampoa (HUWHF.PK) could acquire a 29.9% holding in TI for €1.2 a share. In return, TI would be able to buy Hutchison mobile unit 3 Italia. The deal would make Hutchison the largest shareholder in TI, as its stake would exceed the 22.4% held by the Telco consortium, which includes Telefonica (TEF).  [View news story]
    May I assume the decimal place is in the wrong spot?
    Apr 9, 2013. 11:24 AM | Likes Like |Link to Comment
  • Salesforce (CRM) files a 14A asking investors to approve a 4:1 stock split at the company's March 20 shareholder meeting. Shares +0.6% AH after closing near their all-time high. "The Board ... believes the considerable price appreciation has made our common stock less affordable and, therefore, attractive to fewer investors," Salesforce declares, apparently with a straight face.  [View news story]
    Take a look at Medtronics MDT 25 - 15 years ago . Split 5? 6? times, every time they got to $120. Lower price = easier to invest in 100 shares / protect with options maybe it's time to pull my short?
    Jan 27, 2013. 04:35 PM | 2 Likes Like |Link to Comment
  • Paper Or Physical? Different Methods Of Investing In Gold  [View article]
    There have been a number of articles written lately about gold bullion not necessarily being what one would expect ie: gold bars drilled out, tungsten rods inserted, then the holes resealed. Is there a way to prove a gold bar contains only gold? Could verification be made by ultrasound? X-ray? If so, is that going to be a new business .. independent gold bullion certifiers?
    Oct 8, 2012. 11:16 PM | 2 Likes Like |Link to Comment
  • QE Can't Save These 2 Stocks  [View article]
    shorted a couple of contracts of CRM a while back at 147. Have shorted 2 month out puts at a price that, when done twice, will cover the cost of my far out long calls.

    Now I should have the upside covered, and if CRM keeps going sideways to slightly down, my profit will be in the spread to the short puts

    Any comments?
    Oct 1, 2012. 01:01 AM | Likes Like |Link to Comment