Seeking Alpha


Send Message
View as an RSS Feed
View combatcorpsmanVN's Comments BY TICKER:
Latest  |  Highest rated
  • Transocean: Barron's Believes Beaten Down Shares Have 33% Upside [View article]
    $RIG - looks as though the falling share price has gone from the ridiculous to the sublime or, perhaps, the sublime to the ridiculous. The good news: If the share price goes to zero, your broker or mutual fund sends you a bill.

    I'm a value investor and really like buying out-of-favor shares but this carnage defies belief imo. I enjoyed buying HAL in the low $30's, FB in the mid-20's, and CF in the low $100's a few years ago -- everyone hated all 3 at that time. But, RIG is in a category all its own. $33/sh?! Someone's missing something -- it may be me b/c I keep accumulating these shares.

    Good luck to the RIG holders.
    Sep 19 02:41 PM | 1 Like Like |Link to Comment
  • Alibaba: Are The Risks Worth The Rewards? [View article]
    $BABA - Investors in this company, especially if "your shares" are in a mutual fund or hedge fund account, really should read, with interest, shareholder rights in this entity. In effect, you have NONE!

    I'm amazed that Securites laws in the US allow this entity to form in the Cayman Islands with the corporate structure and allow BABA to sell shares to the public in America. For example, Mr. Ma seemingly has no apprehension to loan $$$$ to friends w/o corporate oversight - in other words, no need for a Board of Directors to oversee decisions made solely by the CEO. This includes acquisitions as well.

    So, the bottom line is shareholders will benefit from share price appreciation. In other words, Ma and his friends can and have done what they chose to do and that's that. Completely ignores traditional concepts of corporate law governance and oversight. Scary, imo.

    I'm not long or short BABA -- I'm just telling you like it is.
    Sep 19 01:33 PM | 3 Likes Like |Link to Comment
  • Transocean: Barron's Believes Beaten Down Shares Have 33% Upside [View article]
    Cautiously: As a RIG shareholder, I like the company to be indemnified and as a BP shareholder, I like the company to be indemnified. What puzzles me is -- if that ruling is a real, not illusory, benefit to RIG, why hasn't that fact been more widely disseminated during the 2.5 years since the putative 'victory' for RIG? Conversely, a partial ruling in favor of RIG and a partial ruling in favor of BP doesn't seem to cut much ice in terms of a clear cut win by either litigant arising out the Order on SJ.

    My guess in the industry about "indemnification" is akin to "subrogation" in the Insurance Industry. The Parties get together and split the "I won here" and "You won there" and, in the final analysis, neither party gets anything substantive.

    I don't see Indemnification in this instance was being material to either RIG or BP, imo.
    Sep 18 05:12 PM | Likes Like |Link to Comment
  • Transocean: Barron's Believes Beaten Down Shares Have 33% Upside [View article]
    $RIG - the share price keeps falling which, aside from the price of Oil being the 'culprit', the unintended consequence is this sector is now a wonderful income generating vehicle at a time when everyone is chasing Yield.

    If you read DB and SG's dire forecast for this sector, a reasonable investor is seeing 'avoid' plastered all over the analysts reports. Morgan Stanley sees the same set of facts differently. Barrons sees the same set of facts differently. So, two bearish calls and two bullish calls.

    I look at fundamentals. I don't see the 'avoid' light flashing. I see the falling share price as a buying opportunity.

    $RIG is a very undervalued stock w/ a compelling Yield, imo. Therefore, the flashing light as a value investor is 'accumulate' to me.
    Sep 18 11:01 AM | Likes Like |Link to Comment
  • Adding insult to injury, Societe Generale downgrades offshore drillers [View news story]
    Talk about kicking a sector when it's down. Fortunately, Societe General making the Call. That signals a reversal and a bottom, imo. After all, there's no sense being French, if you can't get things wrong.
    Sep 17 07:34 PM | 12 Likes Like |Link to Comment
  • Transocean: Barron's Believes Beaten Down Shares Have 33% Upside [View article]
    Cautiously: Where did you come up w/ "This means BP plc (NYSE: BP) WILL HAVE TO INDEMNIFY TRANSOCEAN for all costs/fines resulting from below the surface of the rig."

    I'd love to see the contract clause that provides this obligation. As a RIG shareholder, I would be delighted. As a BP shareholder, I really do want to read the Indemnification clause.

    Usually, indemnification would run the opposite way. In other words, usually the lead on the project would require subs to provide indemnification. But, if you have seen language that supports your statement above, that would certainly be newsworthy and germane to shareholders.

    Please document your source. Thank you.
    Sep 17 06:23 PM | Likes Like |Link to Comment
  • BP caught using "college tricks" to cheat page count [View news story]
    $BP - this entire issue is absurd. If punishing the lawyers is his point, do what most judges, in the same situation, would do: Read the first 35 pages and stop there.

    I have to shake my head at this judge -- the stakes are high in this case. There are shareholders, pensioners all over the world that rely on BP's dividend, and so on. Speaking about GROSS NEGLIGENCE, If this issue so important to this judge, perhaps he should just dismiss the brief, it's going up to the appellate level along w/ 500 pages of briefs already filed in the Clerk's papers, anyway. This is just another issue about objectivity toward BP.

    Apparently, paying $28B to every Tom, Dick, and Harry that has filed a claim against BP in the last 4 years isn't enough 'punishment' for this judge. Being unmindful about the severity of the stakes in this case makes me wonder about the fairness of the judicial process in this District.
    Sep 17 06:09 PM | 3 Likes Like |Link to Comment
  • Investors Should Not Underestimate The Value Of Transocean's And Seadrill's MLPs [View article]
    $RIG - Good Article - Succinct. Well said.

    It mystifies me when companies like RIG, ESV, SDRL and other energy entities have their share prices slammed by Wall Street's hired pundits.

    As a Value investor, I see these situations as golden opportunities to get as Long as possible. In this instances, the holder even gets a dividend every quarter.

    RIG's recent extraordinary business moves enhance not diminish the company's intrinsic value, IMO.
    Sep 17 03:28 PM | 1 Like Like |Link to Comment
  • Exxon Mobil Is A Solid Dividend Champion To Consider For Long-Term Investing [View article]
    $XOM - "Over the past decade this dividend growth stock has delivered an annualized total return of 10.30% to its shareholders."

    Most investors remember that 2008 was a time period when just about all the shares in the Market tanked. I believe the S&P bottomed at 666. XOM continued to fall until the middle of 2010, when the shares hit $55/sh. Fortunately, in August/Sept 2010, I bought XOM (along w/ CVX, COP, and BP). With the exception of BP, those buys have been very decent buys.

    Essentially, in 4 years, XOM has moved from approximately $60/sh to $100/sh along w/ decent dividends. That's not a bad return for a company with the 'safety' of XOM.

    No doubt, on a total return basis, COP has been a better buy and BP hasn't lived up to expectations. Fortunately for me, I bought a lot more of XOM, CVX and COP than BP (based on the massive Oil spill).

    So, the message in my opinion, isn't what XOM has done over a decade but what XOM has done since it bottomed in 2010. In that context, XOM has been a very worthwhile use of investment dollars as far as I"m concerned.

    XOM seems to be a company a lot of people like to hate. I don't see it that way.
    Sep 16 07:49 PM | 1 Like Like |Link to Comment
  • Exxon Mobil Is A Solid Dividend Champion To Consider For Long-Term Investing [View article]
    dan: Perhaps Warren Buffett sees a reason to invest over $4,000,000,000. in XOM -shares - part of which came after selling some or most of his holdings in COP.

    I own both XOM and COP and, believe me, they are two wholly different companies from an investing standpoint - even though both are good companies in the Oil/Fossil Fuels sector.

    You need to did deeper in your research imo.
    Sep 16 04:13 PM | 4 Likes Like |Link to Comment
  • How Costly Is The Biggest Offshore Oil Spill In U.S. History For BP? [View article]
    Investors, including Soverigns, are chasing Yield -- that's not going to change anytime soon. There is ZERO appreciation buying the 10 year Treasury. Consequently, BP's share price is irrelevant in this market environment.

    If you want Growth, buy into the BioTechs -- if you want Yield (and the world's investors do) you have to buy shares in companies like BP.

    So, moaning and groaning about this and that and how this and that affects BP is a waste of bandwidth, imo.
    Sep 16 02:24 PM | 1 Like Like |Link to Comment
  • Stocks pop as Hilsenrath says dovish Fed language to stay [View news story]
    CNBC has 15 hours of broadcast time to fill and "THE FED" is the way they fill most of the time by droning on about "the Fed will do this….."; "The Fed will do that……."

    CNBC lines up every yokel w/ a half-baked opinion to pontificate about Fed policy ad nauseum. Enough is enough!!

    Meanwhile, the Fed keeps doing what it said it was going to do starting in November 2008. When will these knuckle heads on CNBC get it!?
    Sep 16 02:19 PM | Likes Like |Link to Comment
  • Gilead: No Stopping This Juggernaut [View article]
    All I need to know about the Alibaba IPO is that the suckers are buying what the Alibaba holders are selling. One has no idea about the correct offering price and the other has all the information that assures them that the suckers will be paying too much at the offering.

    Alibaba is the clarion call for all the 'know-it-alls' on Wall Street that give the suckers advice a golden opportunity to show how little they really know, imo.

    I wonder why the current holders of Alibabi are getting out now? That's what makes me interested in seeing this fiasco unfold.

    Natually, CNBC 'genuises' are giddy about this IPO……lol, incredible.
    Sep 16 12:24 PM | Likes Like |Link to Comment
  • Troubles at Transocean, Noble prompt analyst Sell ratings [View news story]
    $RIG - is this analyst for real? What Balance Sheet is he looking at? Speculative comments about what may take place are both absurd and malfeasance unless there is solid evidence to support this call. Shares down from a high of $55 to $35 and another sell call? DB stands behind this Call. Unbelievable.

    I'd like to see the evidence to back up this call, other than "DB worries……" Is there substantive indications of a massive shortfall? Let's hear/read the facts.

    I guess Oil must be going to Zero or close to it. Published day rates look very good. Are these published comments about day rates - complete Lies?

    I see this DB call as blatant attempt to manipulate the sector and shares therein.
    Sep 15 03:39 PM | 4 Likes Like |Link to Comment
  • BP: For Income Investors, It Pays To Look Past Russian Fears And The Gulf Spill [View article]
    Cautiously: $BP has already paid out $28,000,000,000. in reparations. I don't recall if or how much XOM paid out before the court decision. Secondly, Art 3 courts have a tendency, imo, to reflect the Political sentiment in the State where the Art 3 court sits.

    $28b isn't chicken feed and will be an important issue in front of the Court of Appeals for that District or the Supremes.

    I don't believe BP is in for another skinning at the Appellate Level reviewing the District court's exemplary award.
    Sep 14 11:29 AM | Likes Like |Link to Comment