Seeking Alpha

msumak

msumak
Send Message
View as an RSS Feed
View msumak's Comments BY TICKER:
Latest  |  Highest rated
  • Ocean Rig Shareholders Get The Shaft (Again) [View article]
    orig stole those shares back from Drys. Only 2 months prior they did a secondary offering at 7 and bought pretty much the entire offering back at a huge discount. The book value now rises and future profits will increase when the drilling industry recovers. Cutting the dividend needed to save 100 million plus a year for debt service costs.
    Jul 31, 2015. 08:21 AM | 5 Likes Like |Link to Comment
  • DryShips' Fundamental Valuation Just Took A Further Dip [View article]
    its orig not rig
    May 22, 2015. 01:40 PM | Likes Like |Link to Comment
  • Ocean Rig's better than expected Q1 helps lift offshore drillers [View news story]
    $ORIG is going to rip higher for the next few months
    May 12, 2015. 04:41 PM | 1 Like Like |Link to Comment
  • GSV's discount to NAV remains above 30%; Twitter stake lowered [View news story]
    buyback insider buying and RIC status will help it close gap
    May 10, 2015. 06:18 PM | Likes Like |Link to Comment
  • Despite recent strength, analysts see more hard times for offshore drillers [View news story]
    look at ORIG. the best pure play UDW driller
    May 1, 2015. 08:19 PM | Likes Like |Link to Comment
  • Firsthand Technology Value Fund Is Worth A Look [View article]
    what are your thoughts on BCC tech firm gsvc. huge stake in twtr
    Apr 23, 2015. 05:46 PM | Likes Like |Link to Comment
  • Offshore drillers still not an attractive value proposition, analyst says [View news story]
    you can't time the bottom but long term some of these drillers are screaming buys. older rigs are being scrapped and new rigs deliveries are being pushed out
    Apr 21, 2015. 01:57 PM | 6 Likes Like |Link to Comment
  • Offshore drillers still not an attractive value proposition, analyst says [View news story]
    ORIG is the best positioned offshore driller and gets hammered every time more than the competitors with an old fleet and rigs not under contract.

    ORIG has the best coverage for 15 and 16 and the newest fleet along with PACD. I love their juicy divy that is currently covered with cash flow. If the industry sucks through 16 then they will have to cut the divy. My only concern is that they wont be able to get debt funding for their remaining rigs on order.
    Apr 21, 2015. 01:14 PM | 2 Likes Like |Link to Comment
  • Tankships IPO Torpedoed By Sale To CEO [View article]
    the majority of debt is Orig's. Drys only has 1.2 billion in debt including tanker orig and abn debt
    Apr 1, 2015. 09:00 AM | 1 Like Like |Link to Comment
  • Ford -3.8% after Feb. U.S. sales miss [View news story]
    all input costs are coming down fast. The higher dollar is a concern but ford makes the money from trucks plain and simple which are ramping higher. stock should be at 22
    Mar 3, 2015. 09:39 AM | 7 Likes Like |Link to Comment
  • Offshore drillers under pressure to scrap rigs at unprecedented pace [View news story]
    ORIG is the best positioned. all new rigs and pure play udw with 87 percent contracted in 15.
    Dec 23, 2014. 08:22 PM | 4 Likes Like |Link to Comment
  • DryShips: What's Happening Here? [View article]
    You must not be that educated in the Oil Service markets because ORIG has Long Term contracts with the majors for 87 percent of their fleet in 2015. I expect them to be 100 percent in operation by the next earnings report and to earn 2.50 a share minimum next year. This down market is actually really great for ORIG because the competitors all have drillships much older and will have to scrap them at 55 dollar oil. Day rates for ORIG ships are holding up fairly well

    http://bit.ly/1uDlaFv

    http://bit.ly/13rJtLy
    Dec 15, 2014. 05:30 PM | 1 Like Like |Link to Comment
  • OmniVision Technologies beats by $0.38, beats on revenue [View news story]
    Stock should be trading much higher
    Aug 28, 2014. 05:09 PM | Likes Like |Link to Comment
  • How Profitable Is Ultra-Deepwater Drilling? Very [View article]
    I went back to the last CC from ORIG and pulled this in regards to ORIG's operating expenses.

    Turning to slide 14, moving onto operating expenses. On this slide, we highlight our daily recurring cash, operating expense run rate during the quarter, and provide a break down on the amortization of our deferred operating expenses that were expensed during the quarter. As far as what we call our recurring daily cash operating expenses that is our GAAP operating expenses, excluding amortization and extraordinary items, the average, the $197,000 compared with $186,000 during the previous quarter.

    We are in line with our expectation that there will be around 190,000 to 200,000 per day on average fleet wide, subject of course to cost adjustments going forward. The main culprits behind this quarter’s increase were costs associated with a special survey of the Eirik Raude, inventory build upon the Ocean Rig Olympia, ahead of operating in Angola, which is an expensive location, and intra-contract moves between the east and west coast of Africa on the Ocean Rig Poseidon
    Mar 7, 2013. 11:52 AM | Likes Like |Link to Comment
  • Fiscal Cliff: Let's Call Their Bluff [View article]
    She makes a valid argument with point number 2. I see the government having no other option, in the future, then to conduct this type of transaction. They will have to make an exchange dollar for dollar with treasury securities outstanding when the debt spirals out of control and the world loses faith in our ability to pay it back. The fed is implicitly working with the treasury already by taking the inventory out of the market place with their constant purchases of everything they can get their hands on. This is even more shady because the Govt is being financed for free. In the end, the more inventory siphoned off without the public acknowledging what is going on will result in less inflationary pressure after the inevitable exchange. They will continue to monetize the debt until we see increased inflation over a certain warning level (my guess is 5 to 6 percent is the brink). At that point our government deficits will be over 20 trillion and the fed will own at least 1/3 of it. The game will be over at that point and government fill be forced to convert debt outstanding to paper dollars. Hard assets will be king and gold will skyrocket.

    The other much more painful option is to cause massive deflation through austerity which will cause massive unemployment, rioting, business failures and a whole host of problems. This is not an option. At the point of no return, I see business faltering again with big deflationary pressures (Japan) and huge slack in the economy. Inflation is the only way out of this mess and we have too case studies to prove it: The 1930's and 1970's in the US and Europe over the last few years.

    Every knowledgeable person knows which scenarios created the worse outcomes.

    If you do not agree with my thesis please tell me how the US govt can fix our problems and at the same time discuss how this can occur in an orderly fashion.
    Dec 20, 2012. 02:51 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
19 Comments
36 Likes