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Chancer

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Latest  |  Highest rated
  • Wave against Moynihan as BofA chairman grows [View news story]
    Just fire him- please!
    Sep 1, 2015. 07:38 PM | 2 Likes Like |Link to Comment
  • Has Apple Found The Holy Grail Of Electric Vehicles? [View article]
    If the tech shifts to hydrogen fuel cells, Elon Musk is smart enough to change Tesla to that also.
    Aug 25, 2015. 01:21 PM | 1 Like Like |Link to Comment
  • Bellatrix Exploration - The Next Peyto [View article]
    Wilson:

    Thanks for article on BXE.

    Although I own some losers in energy like LNCO, SDRL, and NDRL, I also own several that I think will be winners like BXE, EPSEF, AXAS, and TNEYF. I am waiting patiently for what I believe is a bottom in oil to average down on both the losers and what I believe are the future winners when oil recovers.
    Aug 25, 2015. 12:50 PM | 2 Likes Like |Link to Comment
  • Some oil companies may be just weeks away from bankruptcy, analyst says [View news story]
    Some SA so called experts predicted BK for Lightstream (LSTMF).

    Although the stock price is 28 cents, they are handling their debt just fine.
    Aug 25, 2015. 12:19 PM | 1 Like Like |Link to Comment
  • Some oil companies may be just weeks away from bankruptcy, analyst says [View news story]
    LNCO has until first batch of senior notes are due in May 2019.

    Last time I checked my calendar that was more than a couple of weeks.

    A lot can happen in 4 years.
    Aug 25, 2015. 12:17 PM | 1 Like Like |Link to Comment
  • Linn Energy: Becoming A Penny Stock Soon? [View article]
    Memo to LNCO: Please go down very, very low.

    If I am going to average down, I want the lowest price for the most shares to reduce my cost basis.

    For those stuck in Linn, it is not about the bottom, but about the recovery which will take 5 or more years.

    Caveat: If oil prices do not get high enough (?) and Linn does not buy enough (?) senior notes, they could face a BK decision on or before May 2019.

    But at $1 per share or less, I will take that chance.
    Aug 25, 2015. 11:42 AM | 3 Likes Like |Link to Comment
  • Linn Energy and LinnCo tumble; rumor swirls [View news story]
    Linn really needs all new top execs and board members for the mess they are in.
    Aug 21, 2015. 05:11 PM | 5 Likes Like |Link to Comment
  • Linn Energy and LinnCo tumble; rumor swirls [View news story]
    Yes, Linn can buy all the senior notes that their cash flow supports, and at discounts of 35+%. But they cannot buy all before the May 2019 first maturity date, when Linn could face BK.

    However, if oil prices are high enough by that time (whatever that number is) and they can reduce enough of the senior notes (whatever that number is), Linn may be able to refi their debt and extend their life.

    To be healthy, Linn needs $80-$85 oil, that they may not get by May 2019. So, will $65-$75 (if it gets there), be enough.

    Anybody can play the guessing game about Linn's survival. But nobody really knows for sure, because too many unknown variables.
    Aug 21, 2015. 05:08 PM | 7 Likes Like |Link to Comment
  • Disney's Sell-Off Is A Gift [View article]
    Josh:

    One thing you did not address fully is that ESPN remains too large a share of the contribution to revenue and profits. If ESPN declines, DIS is hurt. I am hopeful that DIS will change that over time. But right now it still remains a concern. I think that is what is hurting the share price more than anything right now.
    Aug 21, 2015. 09:02 AM | 6 Likes Like |Link to Comment
  • Linn Energy - Is A Rebound On The Horizon? [View article]
    Richard:

    The drop dead date for Linn is May 2019, when they face default on the first batch of senior notes. Linn cut the distribution to devote as much cash as possible to buying senior notes at discounts up to 35%.

    Although current low oil prices hurt the business, this can also translate into bigger discounts on senior notes, allowing Linn to buy more at greater discounts. Where Linn has made a mistake is in failing to focus buying on the earliest May 2019 maturity, as Linn is also buying notes at later maturities.

    Linn's ability to escape bankruptcy on or about May 2019 depends on 2 factors:

    (1) How much they can reduce debt by buying senior notes?

    (2) Oil prices between now and May 2019- but most especially the future oil prices, which no one really knows for sure.

    It has been suggestion that Linn needs $80-$85 oil to do well. I doubt we will have $80-$85 oil by 2019. Certainly, $40-$45 oil in 2019 would be very bad for Linn. But we are more likely to be somewhere in between. The question is: If we get to $65-$75 oil, will that be enough for Linn's survival?

    If by 2019, Linn buys enough senior notes to reduce their debt by a sizeable chunk and oil prices are high enough, Linn can refinance their debt and survive.

    If Linn survives, I would also like to see pressure (from debt holders and possibly an activist shareholder with a large investment) for changes of top executive and the board, as these are the guys who made the bad decisions.
    Aug 19, 2015. 12:01 PM | Likes Like |Link to Comment
  • Himax reports seeing TDDI design wins, aims to challenge Synaptics [View news story]
    franki57:

    I have been in and out of HIMX before.

    First, the stock tends to fall back to $5.89 support often. I do not like paying more. If I do, sure enough it will fall back there.

    Second, HIMX is unable to hold on to gains- like on a big run up, it will shortly collapse.

    Third, HIMX is only for trading- not for long term holding- for reasons already stated.
    Aug 18, 2015. 10:10 PM | 2 Likes Like |Link to Comment
  • Comcast Competes Surprisingly Well With Disney [View article]
    Does Comcast have theme parks? Like Comcast-land?

    Of top 10 grossing theme parks in world, 9 are owned by Disney.

    I personally think that the future of cable is that it is a dying business.

    Full disclosure: I do not subscribe to cable as I find enough to watch on HDTV, and I get my internet for free.
    Aug 18, 2015. 01:21 PM | Likes Like |Link to Comment
  • CBS, Fox, Disney lower on Wells Fargo media downgrade [View news story]
    In media, there is Disney and then all the rest. Somebody has to be on top.
    Aug 18, 2015. 01:03 PM | 2 Likes Like |Link to Comment
  • A Safe 11% Yield With 4.3X Dividend Coverage: RSO Preferred C [View article]
    When you say "respect the blog on SA", does that mean you think you make the SA blog rules?

    I, for one, welcome and appreciate questions and comments about stocks/investments other than those in any article.

    It contributes to the learning experience, which is why I read SA articles and comments.
    Aug 18, 2015. 12:48 PM | 4 Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? - Part 2 [View article]
    Mike:

    In 2020, I hope you will not say that you used to own twice as much and wish you had not sold.
    Aug 17, 2015. 02:43 PM | 20 Likes Like |Link to Comment
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