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KenNagle

KenNagle
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  • Apple (AAPL +2%) roundup: 1) Jim Cramer states Apple is "becoming the J.C. Penney of tech," while suggesting sentiment has become too negative. 2) The state-owned Chinese press has become more positive on Apple following Tim Cook's apology letter. 3) The USPTO has reaffirmed the Oct. invalidation of Apple's "rubber-banding" patent, which was successfully asserted against Samsung. 4) Apple has hired much of the team behind the original Segway, including robotics expert John Morrell. No word on what project Morrell is working on. (Goldman[View news story]
    Cramer comparing Apple in anyway to JC Penny is just plain dumb.
    Apr 2 11:27 AM | 17 Likes Like |Link to Comment
  • This Blue Chip High Dividend Stock Has Better Times Ahead [View article]
    You're getting hung up on definitions and not what the author is pointing out about Seadrill. I don't think anyone is saying that it is a blue chip in the classical sense, but only that for a steady high yielder it is well above others. Lets move on..
    Mar 31 01:54 PM | 4 Likes Like |Link to Comment
  • Apple's Nearly Single Digit P/E Seems Underserved [View article]
    Adjusting for cash Apple is being valued about the same as Yahoo And Apple is paying a dividend that will increase. . I don't consider Yahoo as having great (even adequate) growth prospects.
    Mar 31 11:43 AM | 2 Likes Like |Link to Comment
  • This Blue Chip High Dividend Stock Has Better Times Ahead [View article]
    Depends on how "blue chip" is defined. I know the usual definition.

    But, Seadrill is a blue chip high-yield stock in my definition of high-yielders. I have made money on Seadrill from dividends, puts and calls, and trading around a core position. I think we will see $40 plus in June.
    Mar 30 06:28 PM | 2 Likes Like |Link to Comment
  • Estimate cuts from Pac Crest's Andy Hargreaves are helping Apple (AAPL -2%) underperform. Citing weak demand for the 9.7" iPad - he thinks this is likely "a sustained trend" as demand shifts to smaller/cheaper tablets - and a demand pause ahead of a refresh, Hargreaves is cutting his FQ3 (June quarter) iPad forecast to 15M units from 18.5M. He also thinks "the high end of the smartphone market is quickly becoming saturated," and has lowered FQ2 and FQ4 revenue/EPS estimates further below consensus. Hargreaves cut Apple to Sector Perform on Jan. 16, when shares were at $503. [View news story]
    I am getting so tired of the idle speculation
    Mar 27 12:36 PM | 1 Like Like |Link to Comment
  • Apple: Up 10% From The Bottom And Going Higher [View article]
    I think a one-time special dividend is about the worse thing Apple could do. PPS would drop after the exdividend date by the amount of the special dividend and probably fall from there and the cash paid would be gone from Apple's coffers.
    Mar 24 12:41 PM | 2 Likes Like |Link to Comment
  • Seadrill's Growth Story Continues Due To Newbuilds, Industry Strength [View article]
    JCLM - good points - A key issue, of course, is longer term demand. If you hold the belief (as I do) that demand for fossil fuels will continue unabated for the foreseeable future demand for rigs, particuarly the type of rigs provided by Seadrill, will be strong for years / decades. Particulary in the developing nations

    Regarding leverage - take a look at MMP ( a pipeline MLP). Of course, this is not an apple to apple comparison, but MMP pays less than half the currrent yield and it trades at a 25 PE, and it has about the same level of debt to equity.
    Mar 21 05:41 PM | Likes Like |Link to Comment
  • Production of a cheaper iPhone will likely start in June, says Jefferies' Peter Misek in an afternoon note that's helping Apple (AAPL +0.7%) outperform. Foxconn and Jabil (JBL) are expected to provide plastic cases. Misek and other sell-side analysts have already predicted a less costly iPhone will arrive this year, though some claim its case will use a composite rather than plastic. Meanwhile, Apple received top marks in J.D. Power's U.S. smartphone satisfaction study for the 9th straight time - its score of 855 is slightly above a prior 849, and well above an average of 796. [View news story]
    How does Peter Misek supposedly know this? Too much speculation on what Apple will or will not do.
    Mar 21 03:34 PM | Likes Like |Link to Comment
  • Production of a cheaper iPhone will likely start in June, says Jefferies' Peter Misek in an afternoon note that's helping Apple (AAPL +0.7%) outperform. Foxconn and Jabil (JBL) are expected to provide plastic cases. Misek and other sell-side analysts have already predicted a less costly iPhone will arrive this year, though some claim its case will use a composite rather than plastic. Meanwhile, Apple received top marks in J.D. Power's U.S. smartphone satisfaction study for the 9th straight time - its score of 855 is slightly above a prior 849, and well above an average of 796. [View news story]
    This step and innovation are not mutually exclusive.
    Mar 21 03:31 PM | 7 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    Regarding the question above on Seadrill's dividend. Management gave a recent presentation at a Credit Suisse conference where the current dividend was affirmed as the floor. I don't think they would have said this if the dividend was not solid.

    SA author "Power Hedge" has link to the article on his recent article.
    Mar 21 11:30 AM | Likes Like |Link to Comment
  • Seadrill's Growth Story Continues Due To Newbuilds, Industry Strength [View article]
    PS - I think paying a double dividend last year turned out to be a mistake. Stock dropped my the amount of the dividend and the fact that there would not be another dividend until June resulted in selling pressure.
    Mar 20 05:02 PM | 2 Likes Like |Link to Comment
  • Seadrill's Growth Story Continues Due To Newbuilds, Industry Strength [View article]
    Thanks for both the article, the Seadrill presentation and your reply.

    Regarding your points on your response to me.

    1. Of course, while we can only speculate the affect on SDRL price
    per share due to Cypress, I agree it will not affect SDRL.
    2. Seadrill's debt load seems to be an ongoing concern by some
    people. I tend to view Seadrill as I would an MLP. It seems
    to have a track record of selling "older" rigs for more than book
    value.
    3. I think Seadrill is a part of several of the energy ETFs and when
    energy prices fall Seadrill takes a hit.

    I did not see the presentation before your posting. Glad to see that they came on strong about the current dividend being a floor.

    I believe what they say about the current dividend being a floor. IF the market comes to believe also than a fair price for Seadrill is north of $40.
    Mar 20 04:58 PM | 2 Likes Like |Link to Comment
  • Seadrill's Growth Story Continues Due To Newbuilds, Industry Strength [View article]
    Author - What is your take on the recent weakness in price per share; particularly the last couple of days? Stock price was bouncing around and then down fairly significantly.

    My experience has been when you see this type of action with no hard specific news there is some inside "leak".
    Mar 20 04:21 PM | Likes Like |Link to Comment
  • Apple's True Opportunities In 2013 [View article]
    You mention $150 billion in cash by the end of the September quarter. Apple reported$137 billion at the end of the 1st Quarter. Even with the dividend and the share buy back I think cash will be getting close to $150 billion by the end of the second quarter.
    Mar 20 12:34 PM | 4 Likes Like |Link to Comment
  • Seadrill, Transocean And Ensco: Which Is The Best Bet For Now? [View article]
    Anyone have any thoughts on why SDRL got hit so hard last couple of days?
    Mar 20 11:08 AM | 1 Like Like |Link to Comment
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