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  • Philip Morris: Has The Situation Changed? [View article]
    <Humans have been smoking since 5026 BC.>

    What was that guys name, MM???

    As usual, great comment.
    Jan 18, 2015. 01:45 PM | 3 Likes Like |Link to Comment
  • Philip Morris: Has The Situation Changed? [View article]
    You make some great points. My basis is around $67, and I've had the bulk of the position (wife's Roth) for 4 years this March. I've been adding periodically over that time, and have 50% more shares than my initial purchase back then. But you're right-it hasn't really risen all that much (tho they've reduced the float in that time), but it's lack of pps rise has given me the chance to add most of those newer shares in the $75-88 range. They've continued to deliver a solid div raise each of those years, and will likely do so again this Sept too.

    If we use $4.95 as their current EPS, it's trading at a 16.5 or so multiple. It may trade up to a 17-18 multiple, but I doubt it until circumstances change. For one thing, the $USD rising is hurting them more than ever. The div looks juicy at 4.85% or so, and I imagine most are just continuing to reinvest. I'm looking to use the most recent div to p/u more shares around $80 if possible. I think we will see the div hit 5% before it hits 4%. As far as the all the non traditional cig stuff, hard to really tell/know at the moment.

    Their LT outlook looks better than the ST one imo.
    Jan 17, 2015. 05:09 PM | 3 Likes Like |Link to Comment
  • Ensco PLC: Valuation And Financial Strength Make It A Compelling Buy [View article]
    I did the same with my uncle's ESV shares (started his position in $50s), but bot more for him at $37. So far, I added to his COP, PSX, MSFT, and KKR holdings, as his position is about full in ESV. However, I'd like to add for him under $30, so I will likely p/u more shares for him before q1 is over.

    It will take some time before the pps rises significantly again. I see it as a lesson in investing (patience).
    Jan 17, 2015. 04:48 PM | Likes Like |Link to Comment
  • Another Distribution Increase For ONEOK Partners, Now Yields ~8% [View article]
    Extremely well put-agree completely.
    Jan 16, 2015. 10:22 PM | 4 Likes Like |Link to Comment
  • Precious metals miners surge on Swiss stunner [View news story]
    Agreed. I'm almost back to even in AUY and p/u some GFI to profit from this rise.
    Jan 16, 2015. 12:40 AM | Likes Like |Link to Comment
  • Update: Yamana Gold Announces A $218 Million Equity Offering [View article]
    <If a settlement is made for $125 million, that would leave $93 million (before any proceeds from the underwriters' option) to strengthen Yamana's balance sheet. The overall market reaction to a 5% to 6% increase in the number of shares seems quite excessive though, and seems to indicate some fear that there are other items affecting Yamana's cash flow. If the proceeds are used for a settlement, I'd expect at least a partial rebound in the stock price since that would mitigate fears about additional problems.>

    If they would stop being opaque about what they are doing (and why), then the market wouldn't (over)react the way it has. Tell us that they have come to an agreement on price re the judgment and will be constructive with the rest of the $ (if there is any left), and the market may just ease up on them.

    I mean, sheesh...throw us a bone OR SOMETHING.
    Jan 15, 2015. 01:11 AM | 2 Likes Like |Link to Comment
  • Update: Yamana Gold Announces Capital Raise [View article]
    Was thinking the same thing.
    Jan 14, 2015. 04:39 PM | Likes Like |Link to Comment
  • Update: Yamana Gold Announces Capital Raise [View article]
    They need to clarify wtf they're doing and why to shareholders.

    And Marrone needs to take a permanent vacation with Jeff Immelt.
    Jan 14, 2015. 11:03 AM | 6 Likes Like |Link to Comment
  • Phillips 66 In Focus [View article]
    Lol...i forgot the drive-thru!

    "Good! I want the least amount of responsibility."
    Jan 13, 2015. 10:54 PM | 4 Likes Like |Link to Comment
  • Update: A Shareholder's View Of Yamana's Decision To Raise Cash Here [View article]
    Wow Kewboo...that was quite a rant.
    Jan 13, 2015. 10:44 PM | 1 Like Like |Link to Comment
  • Phillips 66 In Focus [View article]
    Wasnt that last part a scene from 'American Beauty'??

    "1970 Pontiac Trans Am-the car i always wanted and now i have it. I rule!!"
    Jan 13, 2015. 07:28 PM | 4 Likes Like |Link to Comment
  • Barclays top dividends picks in the consumer products/services sector [View news story]
    LO and PEP are the best of the bunch.
    Jan 13, 2015. 01:15 PM | 3 Likes Like |Link to Comment
  • Everything Has Changed: Oil, Saudi Arabia, And The End Of OPEC [View article]
    Good point.
    Jan 13, 2015. 01:14 PM | 1 Like Like |Link to Comment
  • Yamana Gold to raise up to C$300M via 49M-share offering [View news story]
    Maybe not.
    Jan 13, 2015. 01:06 PM | Likes Like |Link to Comment
  • Yamana Gold Announced Today That It Is Selling Shares To Cut Debt [View article]
    Agreed. I blew it getting into this dog. I was up nicely over just a couple of days and now the offering. They appear to mismanaging the co right into the ground.

    Now I'm on the fence about whether to take a loss or try to ride it out a bit. How much patience can larger shareholders have???
    Jan 13, 2015. 01:05 PM | Likes Like |Link to Comment