Seeking Alpha


Send Message
View as an RSS Feed
View combatcorpsmanVN's Comments BY TICKER:
Latest  |  Highest rated
  • Judge OKs U.S. lawsuits against BP by foreign investors [View news story]
    $BP - Just another example of sentiment in the Judiciary toward BP. Apparently, nothing or nobody is barred from suing BP in America, even if English law has to be applied to get the putative 'victim' into an American court.

    There is a concept known as Forum Shopping that is usually significantly frowned upon. I guess when it comes to punishing big Oil -- all bets are off.

    So, in the final analysis, punish innocent shareholders that merely took the risk of owning BP shares by giving "special" shareholders in the same class a different set of rights. Looks like Selective rather than Equal Rights, imo.
    Oct 1 05:43 PM | 4 Likes Like |Link to Comment
  • The Paradigm Is Shifting; Fossil Fuels Are Becoming Fossils [View article]
    It's interesting and fun to read these type of Articles. Reminds me of undergraduate classes where hyperbole and speculative examples of what will happen to the World or the Cause or to Civilization. Lots of points made (usually to impress the Professor) w/o a scintilla of near term real world application.

    Nevertheless, counter intuitive "the end of Fossil Fuel et al" diatribe is a somewhat interesting distraction in theory but won't do much for jammed high speed roads in and out of Cities in the United States clogged by automobiles in just about every City in the USA, Europe and Asia. Renewable Energy is wonderful but it won't replace Fossil Fuels to an appreciable degree anytime soon.
    Oct 1 04:28 PM | 5 Likes Like |Link to Comment
  • Transocean: Is The Night Darkest Just Before The Dawn? [View article]
    Hey, if you're pessimistic about $RIG - do yourself a favor, sell your holdings. You owe it to yourself. The shares could go to zero so you'll be all right dumping the shares in the low 30's. Remember: You're being told that Oil is cheap and getting cheaper so, somehow, that will completely destroy the off-shore drillers.

    Why Pee and Moan? Why try to convince others that you're worried about your shares AND THEIR SHARES. No need to warn them -- they're with you.

    So, just dump your shares in RIG but don't turn out the lights -- and, please - don't worry about us - we'll be okay.
    Sep 30 09:33 PM | 7 Likes Like |Link to Comment
  • Retirees, You CAN Count On Dividend Stocks To Deliver From Here [View article]
    This Article makes some good points. Unfortunately, there is a glaring problem that neither this Article nor other Articles bring to the forefront as follows:

    If a person/investor has bought into his/her Broker's recommendation to keep their money in an IN-HOUSE Brokers Mutual Funds, they will need to work during retirement imo. Why? Because of, in some cases, the UPFRONT LOAD (could be 4.5%) placing the investor in a hole right from the start. Secondly, there are other fees, some known to the investor, and some not readily apparent (Redemption Fees, 12b fees and so forth). Moreover, in many cases historically, IN-HOUSE Funds we're Dogs (with a Capital D).

    Why do or did investors remain in those Funds -- for various reasons, not the least of which was "My Broker is my Friend". When, in many instances, his/her Broker is merely a marketing tool for whatever the "Morning Call" is promoting from the home office on or near Wall Street.

    If you want to be successful as a Retiree investing your savings -- Stay attuned to your portfolio. Invest in solid quality companies w/ a long history of dividends, raising dividends, share buybacks, that are selling at reasonable valuations. Do your own Due Diligence and be skeptical of money recommendations from persons claiming expertise that they may or may not have in providing financial advice.

    This advice may not be a panacea but it sure as heck beats what passes as expert advice by persons that profit from managing YOUR money. Manage your own money and you can blame yourself for any shortcomings.
    Sep 30 02:42 PM | 3 Likes Like |Link to Comment
  • Jefferies: Offshore drillers "continuing to die by 1,000 cuts" [View news story]
    $RIG - well, it took Jeffries long enough to reach a conclusion about off-shore drillers and D'Bank even longer. So, now that the off-shore drillers are selling at a huge discount, any investor that buys into the sector, and has a horizon over a month, will reap tremendous price appreciation imo. When RIG was $55/sh, it was 'loved' by these self-anointed energy gurus -- now that the share price is down $23/sh -- these same 'experts' can't find anything good to say. No wonder small investors that rely on Wall Street to enhance their portfolios usually wind up losing big time or, at best, thread water for a couple of decades.

    The adage: "Buy Low and Sell High" seems to elude these self-anointed pundits hold up on Hanover Square.
    Sep 29 06:33 PM | 7 Likes Like |Link to Comment
  • Major Stock Market Selloff Looms As The Fed's QE3 Ends [View article]
    Black Swans are Unforeseeable -- so, IMO, the more talk of armageddon scenarios, the more reassured I become on the Long side.

    Also, absolute statements alone are devoid of merit -- this Article needs a whole lot more 'analysis'.
    Sep 28 12:59 PM | 3 Likes Like |Link to Comment
  • Now Is The Time To Buy Transocean [View article]
    $RIG - have these shares hit a bottom yet? I have no idea, it doesn't make any difference, and if the shares are of good value, it's not an important factor.

    When you walk into a room, you know whether the room is too hot or too cold, even though you don't know the temperature. It's the same for Value investors, you don't have to hit the exact bottom if the shares are at a steep discount while the fundamentals are strong.

    You don't have to know a person's exact weight in order to know if that person is overweight. True value investments are so cheap that the precise number that constitutes 'the bottom' really is inconsequential.

    If you don't think RIG is 'on sale' now; perhaps, you should be buying TSLA -- it seems that every Wall Street pundit thinks it's a bargain even though the fundamentals are horrendous, one of the worst Balance Sheets of a 'main stream' publicly-held stock.
    Sep 26 03:12 PM | Likes Like |Link to Comment
  • Now Is The Time To Buy Transocean [View article]
    $RIG - It all comes down to investment philosophy -- I'm a Deep Value investor and buy when everyone else is gone from the Long side. Others like to follow a 'trend' in growth stocks, the higher those shares goes, the more attractive to these type of investors. Momentum investors see 'killer apps' in their soup and join the party so they can be the 'hit' at the company cocktail party. Nothing wrong with that -- each style has its benefits and detriments.

    As a deep value investor, RIG is a bargain and has been a bargain, even though the share price has fallen. I buy on Intrinsic Value. I buy dividends. I don't go to cocktail parties. I don't give a hoot if everyone else thinks I'm wrong.

    Over 35 years, it's been a winning strategy for me, when I want to own a stock. I have followed this value strategy (ala Ben Graham, David Dodd, Peter Fischer, Buffett and other Value investors). Hewlett was in the teens about 2 years ago, I was buying. BAC dead as disco, I was buying. HAL and BHI crushed a couple of years ago, I was buying. FB (not a value play) fell off the Table after the IPO, I was buying in the low and mid 20's. Berkshire cut in half over years - "Buffett has lost his touch" was in the News, I was buying. XOM, CVX, COP in Summer of 2010, down significantly, I bought all 3.

    So, why wouldn't I continue to accumulate RIG and ESV? If I went to cocktail parties, I wouldn't give a damn if they thought my strategy is misguided. I'd smile and thank them for their advice and ask them if they wanted another drink since I'm the only one of them that can afford to throw the Party.

    Intrinsic Value and a company's ability to enhance purchasing power of the investor's funds is what really counts (along w/ a nice dividend) in quality companies.
    Sep 25 02:30 PM | 22 Likes Like |Link to Comment
  • Transocean: Fleet Update Provides A Few Positive Nuggets, But Not Enough Progress [View article]
    "Transocean remains a stock to avoid based on a large group of rigs headed off contract".

    And, you know this for sure? Do you have access to current or past negotiations which would reduce the number of rigs 'headed off contract"? Are you convinced that a company generating approx $10B a year in revenue, selling $14+/sh UNDER book value should be avoided? Why didn't you publish this conclusion when the shares were selling at $55+? Until now, SA's articles were commenting on the DECLINE of day rates. When did that situation change during last couple of weeks?

    Is it your premise that Intrinsic Value is of no consequence to the true value of a stock/company? Do you consider share price as the barometer to decide whether to buy or sell a stock?

    You're certainly entitled to your view. It just appears to me that you're a tad late in the statement contained in your piece and set forth at the beginning of this response.
    Sep 24 07:51 PM | 5 Likes Like |Link to Comment
  • Update: TAF Delivers For Gilead [View article]
    Why don't YOU do some research and refute what's been said -- I'd like to read objective research but my guess is you either can't research it or would ask GS.
    Sep 24 03:44 PM | Likes Like |Link to Comment
  • Transocean: Barron's Believes Beaten Down Shares Have 33% Upside [View article]
    Thank you for your advice but I'll stick w/ what's worked wonderfully for 35 years as a deep value investor.
    Sep 24 03:33 PM | 1 Like Like |Link to Comment
  • Judge says BP can't seek restitution of spill claims [View news story]
    I confess to not knowing how a District court judge can estop anyone from seeking remedies in any other court? What authority does an Article 3 judge have to act on its own motion (Sua Sponte) to deny any litigant its/their day in court? It seems as though this judge is making this ruling on his own Motion (but I haven't read the pleading).

    As a discreet inquiry, I would enjoy reading the rationale for this latest ruling by this judge. I'm not willing to go to the time or trouble to research what seems to me to be an abuse of power.
    Sep 24 03:24 PM | Likes Like |Link to Comment
  • Update: TAF Delivers For Gilead [View article]
    wrynot: Front running has been raised to an Art Form at GS. So, comments about divergences b/w their analysts prognostications and GS's actions isn't a stretch, to say the least.
    Sep 24 02:47 PM | 3 Likes Like |Link to Comment
  • Transocean: Barron's Believes Beaten Down Shares Have 33% Upside [View article]
    $RIG - in the previous 76 comments to the Article, there have been many good points made about why RIG and the off-short oil sector has been creamed. Unfortunately, I don't recall seeing anyone emphasize that a stock w/ good fundamentals in a sector w/ a tremendous cohort that has fallen $23/sh from its high isn't a Value Investor's dream stock.

    What is the value of RIG AS A BUSINESS? What is the Intrinsic Value of RIG overall? Any doubts about how long a pullback in Oil price is going to be a problem should be remedied by looking at any Freeway or other high speed road leading into and out of any large city around the Globe -- since the vast majority of those vehicles seating in Traffic for several hours a day (to and from work) use OIL. So, there are a tremendous number of motor vehicles using just about all the Oil (and NG) produced. And, w/ the winter coming on -- I doubt the demand to heat buildings is going to subside anytime, furthering the use of Fossil Fuels.

    Bottom line: RIG is priced wonderfully, even if it didn't have a fantastic dividend payout. Intrinsic value is key to deep value investors.
    Sep 23 09:28 PM | 1 Like Like |Link to Comment
  • More idled rigs ahead for Transocean, analyst says after fleet status update [View news story]
    $RIG - this company's business cannot be quantified in a sentence: "[T]his is good or This is bad………" To try to do so is of zero value (and shows an incredible degree of unsophistication in publishing such comments, imo.
    Sep 23 03:36 PM | 1 Like Like |Link to Comment