Radient Positioned Well With India Cancer Kit Order and AMEX Debt Swap Approval [View article]
Very interesting that (RPC) is down on old news. This debt to equity swap was already approved by shareholders in Dec. 2010. Todays drop in shares makes no sense.
VXX is now down -$10/shr in the last 6 trading days. As I said in the post above, the VXX is nothing but an ATM scam for hedge funds shorting it all the way back to single digits, then they do a reverse split and keep shorting it.
GOLD & SILVER should Soar in 2011 on Bill in Congress & Manipulation Lawsuit [View instapost]
Anyone know why Gold and Silver is not used as currencies?
Its because the governments that are in deep Debt can't print Gold or Silver like they can print paper currencies. Thats how they try and get out of over borrowing by lowering the value of their currency, thus making all of our paper currency buying power shrink.
Thats one of the best reasons to keep buying Silver and Gold with any paper currency you still have in the banks.
Yesterday was not the day to get back in the market after reading the above news. Today was the day to get in on expected early morning profit takers like we have right now after yesterday's 170+ DJIA gain. Although that gain yesterday just left us flat for the week and right now we are actually down on the week.
Very impressive number by the Philly Manufacturing numbers. This will be a very good Holiday season compared to the last 2.
The FED. just made the case for Metals that much Stronger. [View instapost]
dharma_bear asks who is left to buy Gold? The article was partially on Gold and more related to Silver. So how about the short positions that outnumber the bull positions by a 2-1 ratio in silver, those are the people that need to buy with every passing day that they get deeper and deeper underwater by staying short. Some traders are saying a massive squeeze on the shorts could send Silver to $40 to $50/oz in as little as 4 months. That puts it right at Feb. to March 2011, historically a time when the market usually has its biggest money inflows.
Read Article by : Anathan Thangavel of Lakshmi Capital written 11/11/10
2009 Silver demand outstripped supply. In 2009, the world mined 709 million ounces of silver. On the demand side, 352.2 million ounces were used in industrial applications, 156.6 million ounces for jewelry, 59.5 million ounces in silverware, and 136.9 million ounces for investment. An additional 24.6 million ounces were used in photography and coins.
Extrapolating these data to 2010 yields a compelling reason to buy silver. Subtracting 2009 world silver production from all non-investment uses indicates that there were only 116.1 million ounces of silver production available to satisfy investment demand. Projecting the 2010 data as the same as the 2009 data, if there are only 116.1 million ounces of new silver being mined available to satisfy investment demand, (280.2mm short ounces outstanding from commercial traders minus 116.1mm new ounces being mined = 164.1mm ounce shortfall), where will the remaining 164.1 million ounces come from?
This huge shortfall indicates that the outstanding short position cannot be solely on behalf of producers, because there is a far larger outstanding position than could possibly be hoped to be mined this year. Digging further into the Commitment of Traders report shows that 44.1% of the gross short position in silver is being held by the 4 largest traders. Since JP Morgan and HSBC are rumored to be the 2 largest traders of silver, both banks probably have very significant short positions in silver.
The rumor on the street is that both banks will be forced to cover their shorts, and in doing so drive up the price of silver astonishingly. Some traders I have spoken with are targeting the 40-50 level within 4 months. Adding much intrigue to this rumor is the fact that silver began its most recent breakout the exact same day as JP Morgan announced it would be shutting down its proprietary commodity trading business.
Rumor has it that JP Morgan is just looking to cut its losses in silver and cover its shorts. This could be a possible reason why silver has skyrocketed in the last 2 months. Of course, JP Morgan's involvement in the silver surge is little more than unsubstantiated rumor, but the basic premise still holds true.
Regardless of who actually holds these silver short positions, they will be forced to cover at some point, and this could cause an even larger short squeeze than the one we are currently witnessing, driving silver even higher. Given the recent extreme volume we have witnessed in the silver market, it will be very interesting to see the change in short positions in the next Commitment of Traders report. We continue to be long silver futures and call options for clients, and will add on all pullbacks.
Excluding the charges, PRGO expects fiscal 2011 adjusted diluted earnings from continuing operations to be between $3.60 and $3.75 per share, which implies a growth rate of 19% to 24% over last year.
In your article you claim $3.28 and $3.43 without mention that excluding charges its $3.60 to $3.75 for 2011. Kinda of misleading if you ask me.
Getting ready for a Monster Beat by Las Vegas Sands. [View instapost]
Monster Beat is now reality: Press Release Source: Las Vegas Sands On Wednesday October 27, 2010, 4:00 pm
LAS VEGAS, NV--(Marketwire - 10/27/10) - Las Vegas Sands Corp. (NYSE:LVS - News) today reported financial results for the quarter ended September 30, 2010.
Company-Wide Operating Results
Net revenue for the third quarter of 2010 was a record $1.91 billion, an increase of 67.3% compared to $1.14 billion in the third quarter of 2009. Consolidated adjusted property EBITDA in the third quarter of 2010 increased 136.9% to $645.2 million, compared to $272.3 million in the year-ago quarter. Consolidated adjusted property EBITDA margin increased 990 basis points to 33.8% in the third quarter of 2010, compared to 23.9% in the third quarter of 2009.
On a GAAP (Generally Accepted Accounting Principles) basis, operating income in the third quarter of 2010 increased to $383.3 million, compared to $62.4 million in the third quarter of 2009. The increase in operating income was principally due to stronger results across our portfolio of properties in Macau, and the first full quarter of operations at Marina Bay Sands in Singapore.
Adjusted net income (see Note 1) increased to $265.2 million, or $0.34 per diluted share, compared to $20.1 million, or $0.03 per diluted share, in the third quarter of 2009.
On a GAAP basis, net income attributable to common stockholders in the third quarter of 2010 was $168.0 million, compared to net loss of $123.0 million in the third quarter of 2009. Diluted earnings per share in the third quarter of 2010 was $0.21, compared to a diluted loss per share of $0.19 in the prior year quarter. The improvement in our net income attributable to common stockholders of $291.0 million reflects the increase in operating income, partially offset by an increase in net income attributable to noncontrolling interests (primarily Sands China Ltd.).
Third Quarter Overview
Sheldon G. Adelson, chairman and CEO, stated, "We are incredibly pleased to report that records for revenues, adjusted property EBITDA and adjusted property EBITDA margin were achieved during the third quarter of 2010. Strong revenue growth and increases in operational efficiency in Macau and outstanding results at Marina Bay Sands in Singapore contributed to substantial margin expansion and industry-leading financial performance overall. We measure our financial success by the generation of EBITDA, not by our share of market revenue. We are therefore extremely proud to deliver an all-time quarterly record of $334.6 million of adjusted property EBITDA for our Macau operations, with both The Venetian Macao and Four Seasons Hotel Macao and Plaza Casino delivering substantial revenue and adjusted property EBITDA growth and margin expansion. In Las Vegas, increases in gaming volumes and hotel revenues allowed us to deliver $58.3 million of adjusted property EBITDA during the quarter.
"In Singapore, Marina Bay Sands, which just completed its first full quarter of operations, generated the highest quarterly adjusted property EBITDA and EBITDA margin from any single property in the history of our company. Marina Bay Sands produced $241.6 million of adjusted property EBITDA and an EBITDA margin of 49.7% during the quarter. Both gaming volumes and visitation to the property have continued to trend upward since our opening, and we are gratified by the overwhelming reception the property has received. One example of that growth is the increase in average daily adjusted property EBITDA of over 275% from May to October. We are proud that Marina Bay Sands has already enhanced Singapore's reputation as an international business and leisure destination. Looking ahead, we are confident that Marina Bay Sands will provide an ideal platform for strong growth and outstanding returns for our company."
Sands China Ltd. Consolidated Financial Results
Sands China Ltd. is a majority-owned subsidiary of the company which owns and operates the company's integrated resort properties and other assets in Macau. On a U.S. GAAP basis, total net revenues for Sands China Ltd. increased 27.7% to $1.08 billion in the third quarter of 2010, compared to $846.0 million in the third quarter of 2009. Adjusted property EBITDA for Sands China Ltd. increased 43.0% to $328.6 million in the third quarter of 2010, compared to $229.8 million in the third quarter of 2009. Net income for Sands China Ltd. increased 124.9% to $196.6 million in the third quarter of 2010, compared to $87.4 million in the third quarter of 2009.
The Venetian Macao Third Quarter Operating Results
The Venetian Macao continues to enjoy market-leading visitation and strong financial performance. The property delivered record adjusted property EBITDA of $211.5 million for the third quarter of 2010 and record 34.1% adjusted property EBITDA margin, an increase of 370 basis points over the third quarter of 2009. Gaming volumes were healthy in each segment of the business. Slot handle was a record $853.7 million, increasing 40.0% compared to the quarter one year ago, while Non-Rolling Chip drop was a record $956.9 million for the quarter, an increase of 14.6% compared to the same quarter last year. Non-Rolling Chip win percentage for the quarter was 26.6%. Rolling Chip volume during the quarter was $11.04 billion, with the direct play portion representing approximately $2.52 billion, or 22.8% of that amount.
Silver Surges, But Still Playing Catch Up With Gold [View article]
You might be correct about Silver not being covered in the press and media. That means all the bigwigs have not fully loaded up in the Silver Sector and thus want to keep buying shares of silver stocks on the cheap. So when you do see them hyping it up at the end of 2011 when Silver is expected to head towards $50/oz thats when you know they are about to sell.
Look at PAAS, SLW, SLV (etf), or AUMN with a get this $104 target trading under $20/shr
Lol Jeff, JASO has moved because it has signed major deals for 2011 , with pre-payments in hand, 3 months before 2011 even begins:
Jaso signed multiple supply agreements with several customers to provide over 500MW of mono-crystalline and multi-crystalline solar cells for 2011 delivery.
Under the terms of the agreements, JA Solar will supply these customers with solar cells beginning in January 2011 through December 2011. These supply agreements come with prepayments for committed solar cell delivery in 2011.
"We are seeing very strong demand for our technologically advanced, high-quality products from our diverse global customer base," said Dr. Peng Fang, CEO of JA Solar. "Our customers view JA Solar as a reliable supplier partner, and rely on JA to provide them with their 2011 product requirements. We are pleased to have secured these new supply contracts for next year delivery, which further improves our 2011 visibility and reflects our continued leadership in supplying high-quality solar products to the industry."
Jeff can you provide reasons why (JASO) is a clear leader in the Solar sector? I see that it does have one of the lowest price to earnings going forward into 2011. Do you think it will surge in price like CSIQ, YGE or SOLF once it crosses the $10 magic number known to so many as the price you need to cross to get that penny stock label taken off the stock.
In the market many fund managers won't touch a stock under $10 because of the penny stock stigma attached to this group. They feel more confident buying stocks that are $10+ instead.
Early Lifting of Offshore Ban Would Be Good News for Drillers [View article]
Those 4 stocks are not the only ones that will be affected positively. There are other companies like SDRL, SLB, and BHI which also will be affected in a positive way. These 3 are all based very close to the Gulf of Mexico.
Drilling Ban may be lifted a Month Early [View instapost]
Disclosure: Went long Call options of SDRL
After reading about recommendation by : Joseph L. Shaefer
Joseph L. Shaefer is the CEO and Chief Investment Officer of Stanford Wealth Management, LLC, a Registered Investment Advisor. A retired General Officer, he spent 36 years of active and reserve military service, the first six in special operations, the next 30 in intelligence. He is professor of Global & Security Studies (Intelligence, Counterterrorism, Illicit Finance, etc.) at American Public University / American Military University. He analyzes the Big Picture first, then selects asset classes, sectors and individual securities.
After learning the securities business at Kidder, Peabody, Joe started his own discount brokerage firm in 1976, which he merged into Charles Schwab & Co. in 1979. At Schwab, ...More Joe became a VP, then Regional, then Senior VP, with his final job head of Schwab's Fixed Income Investments. He retired to found Stanford Wealth Management, LLC, in 1990.
Author of the investment primer Bringing Home the Gold, Joe is also editor of Investor’s Edge®. In the 11 years from inception through 2009, the two Investor’s Edge® model portfolios climbed from $400,000 ($250,000 in one, $150,000 in the other) to $1,237,127. That same $400,000 invested in the S&P 500 fell to $362,963 during those 11 years.
Joe has been featured in Forbes, Barrons, Financial World, the Wall Street Transcript, and numerous other publications, and has been a guest on ABC, NBC, PBS, FNN and CNBC.
Stanford Wealth Management strives to manage risk and to manage wealth. In that order.
Radient Positioned Well With India Cancer Kit Order and AMEX Debt Swap Approval [View article]
The 4G Cloud: Next Enemy of the State? [View instapost]
"called mind blowing"
gizmodo.com/5168035/
Upgrades to 4G LTE has Begun.... [View instapost]
www.xplornet.com/4g.aspx
Others will follow suit in Canada and the USA or face losing customers.
The safest sellside in the market? VXX [View instapost]
As I said in the post above, the VXX is nothing but an ATM scam for hedge funds shorting it all the way back to single digits, then they do a reverse split and keep shorting it.
finance.yahoo.com/q/hp...
GOLD & SILVER should Soar in 2011 on Bill in Congress & Manipulation Lawsuit [View instapost]
Its because the governments that are in deep Debt can't print Gold or Silver like they can print paper currencies. Thats how they try and get out of over borrowing by lowering the value of their currency, thus making all of our paper currency buying power shrink.
Thats one of the best reasons to keep buying Silver and Gold with any paper currency you still have in the banks.
Double Dip officially off the Table [View instapost]
Very impressive number by the Philly Manufacturing numbers. This will be a very good Holiday season compared to the last 2.
The FED. just made the case for Metals that much Stronger. [View instapost]
Read Article by : Anathan Thangavel of Lakshmi Capital written 11/11/10
2009 Silver demand outstripped supply. In 2009, the world mined 709 million ounces of silver. On the demand side, 352.2 million ounces were used in industrial applications, 156.6 million ounces for jewelry, 59.5 million ounces in silverware, and 136.9 million ounces for investment. An additional 24.6 million ounces were used in photography and coins.
Extrapolating these data to 2010 yields a compelling reason to buy silver. Subtracting 2009 world silver production from all non-investment uses indicates that there were only 116.1 million ounces of silver production available to satisfy investment demand. Projecting the 2010 data as the same as the 2009 data, if there are only 116.1 million ounces of new silver being mined available to satisfy investment demand, (280.2mm short ounces outstanding from commercial traders minus 116.1mm new ounces being mined = 164.1mm ounce shortfall), where will the remaining 164.1 million ounces come from?
This huge shortfall indicates that the outstanding short position cannot be solely on behalf of producers, because there is a far larger outstanding position than could possibly be hoped to be mined this year. Digging further into the Commitment of Traders report shows that 44.1% of the gross short position in silver is being held by the 4 largest traders. Since JP Morgan and HSBC are rumored to be the 2 largest traders of silver, both banks probably have very significant short positions in silver.
The rumor on the street is that both banks will be forced to cover their shorts, and in doing so drive up the price of silver astonishingly. Some traders I have spoken with are targeting the 40-50 level within 4 months. Adding much intrigue to this rumor is the fact that silver began its most recent breakout the exact same day as JP Morgan announced it would be shutting down its proprietary commodity trading business.
Rumor has it that JP Morgan is just looking to cut its losses in silver and cover its shorts. This could be a possible reason why silver has skyrocketed in the last 2 months. Of course, JP Morgan's involvement in the silver surge is little more than unsubstantiated rumor, but the basic premise still holds true.
Regardless of who actually holds these silver short positions, they will be forced to cover at some point, and this could cause an even larger short squeeze than the one we are currently witnessing, driving silver even higher. Given the recent extreme volume we have witnessed in the silver market, it will be very interesting to see the change in short positions in the next Commitment of Traders report. We continue to be long silver futures and call options for clients, and will add on all pullbacks.
blogs.forbes.com/rober...
Drilling Ban may be lifted a Month Early [View instapost]
so I won't..
Tuesday Options Update: ING, TMRK, BA, JPM, PRGO, ADP & CPB [View article]
In your article you claim $3.28 and $3.43 without mention that excluding charges its $3.60 to $3.75 for 2011. Kinda of misleading if you ask me.
Getting ready for a Monster Beat by Las Vegas Sands. [View instapost]
Press Release Source: Las Vegas Sands On Wednesday October 27, 2010, 4:00 pm
LAS VEGAS, NV--(Marketwire - 10/27/10) - Las Vegas Sands Corp. (NYSE:LVS - News) today reported financial results for the quarter ended September 30, 2010.
Company-Wide Operating Results
Net revenue for the third quarter of 2010 was a record $1.91 billion, an increase of 67.3% compared to $1.14 billion in the third quarter of 2009. Consolidated adjusted property EBITDA in the third quarter of 2010 increased 136.9% to $645.2 million, compared to $272.3 million in the year-ago quarter. Consolidated adjusted property EBITDA margin increased 990 basis points to 33.8% in the third quarter of 2010, compared to 23.9% in the third quarter of 2009.
On a GAAP (Generally Accepted Accounting Principles) basis, operating income in the third quarter of 2010 increased to $383.3 million, compared to $62.4 million in the third quarter of 2009. The increase in operating income was principally due to stronger results across our portfolio of properties in Macau, and the first full quarter of operations at Marina Bay Sands in Singapore.
Adjusted net income (see Note 1) increased to $265.2 million, or $0.34 per diluted share, compared to $20.1 million, or $0.03 per diluted share, in the third quarter of 2009.
On a GAAP basis, net income attributable to common stockholders in the third quarter of 2010 was $168.0 million, compared to net loss of $123.0 million in the third quarter of 2009. Diluted earnings per share in the third quarter of 2010 was $0.21, compared to a diluted loss per share of $0.19 in the prior year quarter. The improvement in our net income attributable to common stockholders of $291.0 million reflects the increase in operating income, partially offset by an increase in net income attributable to noncontrolling interests (primarily Sands China Ltd.).
Third Quarter Overview
Sheldon G. Adelson, chairman and CEO, stated, "We are incredibly pleased to report that records for revenues, adjusted property EBITDA and adjusted property EBITDA margin were achieved during the third quarter of 2010. Strong revenue growth and increases in operational efficiency in Macau and outstanding results at Marina Bay Sands in Singapore contributed to substantial margin expansion and industry-leading financial performance overall. We measure our financial success by the generation of EBITDA, not by our share of market revenue. We are therefore extremely proud to deliver an all-time quarterly record of $334.6 million of adjusted property EBITDA for our Macau operations, with both The Venetian Macao and Four Seasons Hotel Macao and Plaza Casino delivering substantial revenue and adjusted property EBITDA growth and margin expansion. In Las Vegas, increases in gaming volumes and hotel revenues allowed us to deliver $58.3 million of adjusted property EBITDA during the quarter.
"In Singapore, Marina Bay Sands, which just completed its first full quarter of operations, generated the highest quarterly adjusted property EBITDA and EBITDA margin from any single property in the history of our company. Marina Bay Sands produced $241.6 million of adjusted property EBITDA and an EBITDA margin of 49.7% during the quarter. Both gaming volumes and visitation to the property have continued to trend upward since our opening, and we are gratified by the overwhelming reception the property has received. One example of that growth is the increase in average daily adjusted property EBITDA of over 275% from May to October. We are proud that Marina Bay Sands has already enhanced Singapore's reputation as an international business and leisure destination. Looking ahead, we are confident that Marina Bay Sands will provide an ideal platform for strong growth and outstanding returns for our company."
Sands China Ltd. Consolidated Financial Results
Sands China Ltd. is a majority-owned subsidiary of the company which owns and operates the company's integrated resort properties and other assets in Macau. On a U.S. GAAP basis, total net revenues for Sands China Ltd. increased 27.7% to $1.08 billion in the third quarter of 2010, compared to $846.0 million in the third quarter of 2009. Adjusted property EBITDA for Sands China Ltd. increased 43.0% to $328.6 million in the third quarter of 2010, compared to $229.8 million in the third quarter of 2009. Net income for Sands China Ltd. increased 124.9% to $196.6 million in the third quarter of 2010, compared to $87.4 million in the third quarter of 2009.
The Venetian Macao Third Quarter Operating Results
The Venetian Macao continues to enjoy market-leading visitation and strong financial performance. The property delivered record adjusted property EBITDA of $211.5 million for the third quarter of 2010 and record 34.1% adjusted property EBITDA margin, an increase of 370 basis points over the third quarter of 2009. Gaming volumes were healthy in each segment of the business. Slot handle was a record $853.7 million, increasing 40.0% compared to the quarter one year ago, while Non-Rolling Chip drop was a record $956.9 million for the quarter, an increase of 14.6% compared to the same quarter last year. Non-Rolling Chip win percentage for the quarter was 26.6%. Rolling Chip volume during the quarter was $11.04 billion, with the direct play portion representing approximately $2.52 billion, or 22.8% of that amount.
Silver Surges, But Still Playing Catch Up With Gold [View article]
Look at PAAS, SLW, SLV (etf), or AUMN with a get this $104 target trading under $20/shr
Stunning Solars [View article]
Jaso signed multiple supply agreements with several customers to provide over 500MW of mono-crystalline and multi-crystalline solar cells for 2011 delivery.
Under the terms of the agreements, JA Solar will supply these customers with solar cells beginning in January 2011 through December 2011. These supply agreements come with prepayments for committed solar cell delivery in 2011.
"We are seeing very strong demand for our technologically advanced, high-quality products from our diverse global customer base," said Dr. Peng Fang, CEO of JA Solar. "Our customers view JA Solar as a reliable supplier partner, and rely on JA to provide them with their 2011 product requirements. We are pleased to have secured these new supply contracts for next year delivery, which further improves our 2011 visibility and reflects our continued leadership in supplying high-quality solar products to the industry."
Stunning Solars [View article]
In the market many fund managers won't touch a stock under $10 because of the penny stock stigma attached to this group. They feel more confident buying stocks that are $10+ instead.
Early Lifting of Offshore Ban Would Be Good News for Drillers [View article]
Drilling Ban may be lifted a Month Early [View instapost]
After reading about recommendation by : Joseph L. Shaefer
Joseph L. Shaefer is the CEO and Chief Investment Officer of Stanford Wealth Management, LLC, a Registered Investment Advisor. A retired General Officer, he spent 36 years of active and reserve military service, the first six in special operations, the next 30 in intelligence. He is professor of Global & Security Studies (Intelligence, Counterterrorism, Illicit Finance, etc.) at American Public University / American Military University. He analyzes the Big Picture first, then selects asset classes, sectors and individual securities.
After learning the securities business at Kidder, Peabody, Joe started his own discount brokerage firm in 1976, which he merged into Charles Schwab & Co. in 1979. At Schwab, ...More Joe became a VP, then Regional, then Senior VP, with his final job head of Schwab's Fixed Income Investments. He retired to found Stanford Wealth Management, LLC, in 1990.
Author of the investment primer Bringing Home the Gold, Joe is also editor of Investor’s Edge®. In the 11 years from inception through 2009, the two Investor’s Edge® model portfolios climbed from $400,000 ($250,000 in one, $150,000 in the other) to $1,237,127. That same $400,000 invested in the S&P 500 fell to $362,963 during those 11 years.
Joe has been featured in Forbes, Barrons, Financial World, the Wall Street Transcript, and numerous other publications, and has been a guest on ABC, NBC, PBS, FNN and CNBC.
Stanford Wealth Management strives to manage risk and to manage wealth. In that order.