This Is How Much Nokia Made From Patents Last Year [View article]
there is a lot more to the whole patent sale. That was a planned sale so the acquirer could devote full effort to litigation and collection of royalties on "non-essential" patents. Over the years NOK had developed many patents that they are unlikely to use but can generate value. This sale is old news but at the time was considered positive as it would generate some future upside without wasting current manpower and resources.
Energy Fuels, 2nd Largest U.S. Uranium Producer, Poised To Move [View instapost]
Peter, I have not followed the uranium miners for several years. I do follow and trade other miners but I am not bullish on US coal right now due primarily to the US political climate and the looming availability of Natural Gas. I did listen to your interview with the CFO and I thought you asked all the right questions. I intend to follow that company. I toured that mill many years ago when I was working with the prior owners.
Falling Commodity Prices Could Burst The U.S. Farmland Bubble [View article]
I do not like the term bubble but certainly farm land prices have moved very high much too quickly. Using the term bubble makes one fear the impending crash and I think we will not have a crash but a more orderly reversion to the mean of suitable investment returns. I prefer looking at the actual economics and there is still US Midwest farmland to be had wherein the buyer can earn a respectable return (3-5%). To me that portends a gradual unwind in land prices as interest rates rise. I was around during the last decline in the early 80's and there was a lot more leverage in the farm belt than now. This led to a fast unwind in prices as lenders foreclosed and everyone was looking for the exits at the same time. In fact the land I now own was purchased after that bubble burst. I have recently renegotiated my rents based on a flexible rent program whereby both tenant and landlord share in gross revenue with the landlord having a floor with an acceptable return. This type of lease also protects the tenant to a degree if revenue is sub-optimum. A previous poster mentioned the decline of the small farmer. In central Illinois that happened a long time ago.
Energy Fuels, 2nd Largest U.S. Uranium Producer, Poised To Move [View instapost]
The key to the success of Energy Fuels is their ability to produce and sell at a profit. Have you analyzed the cost of delivered yellowcake and looked at their contracts and key customers. Just curious. I was formerly a banker to this company many years ago when it was owned by one of the pioneers in the US uranium industry. Ownership changed a few times since then and it has never quite lived up to its potential.
Will Caterpillar Bulldoze My Portfolio Higher? [View article]
Thanks for the article and also a thank you to Mr. Tweed who knows more than most of us about dividend investing. I have been watching CAT and COP for some time and finally nibbled on both(CAT @ 84 and COP @ 62). Although I am no longer a buy and hold(or hope) investor I think these two are the "best of breed" in their respective sectors. MRO has filled the large E & P space in my portfolio for a while now but there is certainly room for COP with a higher yield.
I do not claim to have any plastics manufacturing knowledge however many years ago I was CFO of a diversified group of companies that included plastics and fiberglass manufacturing. I do know my way around cost accounting spreadsheets and income statements. None of these plastics related comments shed any new light on Mr. Elop's comments which have been greatly taken out of context. Nor do they help in any way in my analysis of the future of NOK. NOK apparently had a number of supplier issues when they were bringing the 920 to market. I have gone back over many comments Mr. Elop made back then and nowhere did he mention the color variants as a cost issue.
Regardless of the cost difference of a red phone or a black phone NOK has to better manage their supply chain without ending up with excess inventory. This is a challenge to any company and is a formidable one when the product life cycle of a smart phone is sometimes measured in months instead of years. Industry pundits have lain some of the "parts shortage" on the chip suppliers and other internal parts suppliers. I have no idea from reading the financial statements nor do I really care at this point. Hopefully that is behind NOK now. The key now is to sell a bunch of Windows phones regardless of the color. I have been using a 920 since it was released by AT&T and it is a fine device and serves me well. I have also been using both a Windows 7 and Windows 8 laptop and both work quite well syncing with my 920. I can find little fault with Windows 8 and have begun upgrading my office staff to new Windows 8 laptops. So far they work just fine with our old Windows XP servers. I am long NOK, INTC. I have nothing against AAPl and have used an iphone in the past and continue to use an ipad when I can wrest it away from my wife. I do prefer to use a Windows 8 ultrabook touch laptop when casually surfing the web.
Eagle Bulk Shipping: Enjoy The Good News For Now, But Tread Very Carefully [View article]
I haven't analyzed this transaction or Eagle in detail as I wrote them off a long time ago as a company that I would not invest in. However I am long DSX simply because I think it has the strongest balance sheet in this sector. DSX has been up the last few days seemingly in sympathy with EGLE. DSX reports next week and I am not expecting any surprises. Any thoughts on DSX heading into earnings? The shipping rates still look poor and DSX is redeploying their fleet at lower rates as they come off charter.
ConocoPhillips Reaches A Transformational Inflection Point - Time To Buy [View article]
I have had a Buy order in for a while at $58. Changed it to $62 last night and grabbed some this morning to start my position. I like the upside of MRO a little bit better but that COP 4% dividend looks pretty good right now.
Bakken Update: Investment Trends In The Bakken's First Quarter Of 2013, Part III [View article]
Thanks for this article and all of your fine work Michael. Other than substituting different ceramics and pad drilling why are drilling costs coming down? There may be several reasons but it seems as the last 12 months wells have gotten cheaper in ND. I am curious as to what you are seeing locally that might impact this. I recently re-established a long position in TPLM (5.22 cost) and continue to be long MRO. I look at MRO as a medium term hold and TPLM as a trading opportunity (both depending on WTI) I no longer believe in anything long-term as the whole QE situation has left me more a trader than an investor. Since 2009-2010 I trade with at least one eye on the exit. Cheers and keep up the good work.
The Lumia 925 (NOK) is officially revealed. Thanks to its aluminum frame, it's ~50g lighter than the 920, and ~30g lighter than the 928. Otherwise, the specs resemble the 928's: a 4.5," 1280x768, OLED display, a dual-core, 1.5 GHz., Qualcomm (QCOM) processor, and an 8.7MP camera with optical image stabilization. There's no xenon flash, but there is an advanced camera app that leverages Scalado. Nokia will be charging a steep unsubsidized price of €469 ($609) when the 925 hits China and Europe this June. But T-Mobile USA (TMUS) is expected to sell it for less than $100 subsidized. Shares -5%. Were investors expecting a 41MP sensor PureView phone? [View news story]
@wrscomncents I am worried about China because NOK has had repeated supply line issues in China and numerous personnel changes there. I am long NOK but I am worried about Asia. My main reason for the earlier comment was to address the comments about T-mobile however Asia holds the key for the NOK turnaround in smart phones due to the large untapped potential. By the way I have owned a 920 since the day it was introduced by AT&T and it is far superior to any phone I have used (yes I have used several iphones). Apple showed us a breakthrough phone and now NOK/MSFT have made it help my business and efficiency.
The Lumia 925 (NOK) is officially revealed. Thanks to its aluminum frame, it's ~50g lighter than the 920, and ~30g lighter than the 928. Otherwise, the specs resemble the 928's: a 4.5," 1280x768, OLED display, a dual-core, 1.5 GHz., Qualcomm (QCOM) processor, and an 8.7MP camera with optical image stabilization. There's no xenon flash, but there is an advanced camera app that leverages Scalado. Nokia will be charging a steep unsubsidized price of €469 ($609) when the 925 hits China and Europe this June. But T-Mobile USA (TMUS) is expected to sell it for less than $100 subsidized. Shares -5%. Were investors expecting a 41MP sensor PureView phone? [View news story]
30 million is not paltry but I am more worried about market share in China with 900 million and then India.
The Whispers Say 'How Much' Not 'If' Ruger Will Beat Estimates [View article]
Yes. ATK makes Federal and others. OLN makes Winchester. Both companies are much more complex than just ammo makers. This would have been a good year for a pure ammo maker. The recent OLN conference call gave some good insight into the ammo cycle. OLN has been in that business over a century so they have been through crazy demand cycles before.
4 Value Packed Stocks Under $7 - Revisited [View article]
Anthony, Really liked your article. I was long LSE and just sold a portion of my position over $7.00 as I thought it had come too far too quickly. Sorry to nitpick but your statement: "The company recently announced an initial public offering of 6,500,000 shares of company stock." is not accurate. The company is doing a secondary offering and the proceeds will be used to pay down debt or other corporate purposes. LSE is still my favorite REIT but now I am playing with profits on this one. Thanks for the update.
This Is How Much Nokia Made From Patents Last Year [View article]
Energy Fuels, 2nd Largest U.S. Uranium Producer, Poised To Move [View instapost]
I have not followed the uranium miners for several years. I do follow and trade other miners but I am not bullish on US coal right now due primarily to the US political climate and the looming availability of Natural Gas.
I did listen to your interview with the CFO and I thought you asked all the right questions. I intend to follow that company. I toured that mill many years ago when I was working with the prior owners.
Falling Commodity Prices Could Burst The U.S. Farmland Bubble [View article]
Energy Fuels, 2nd Largest U.S. Uranium Producer, Poised To Move [View instapost]
Will Caterpillar Bulldoze My Portfolio Higher? [View article]
Nokia Manufacturing Improving? [View article]
None of these plastics related comments shed any new light on Mr. Elop's comments which have been greatly taken out of context. Nor do they help in any way in my analysis of the future of NOK. NOK apparently had a number of supplier issues when they were bringing the 920 to market. I have gone back over many comments Mr. Elop made back then and nowhere did he mention the color variants as a cost issue.
Regardless of the cost difference of a red phone or a black phone NOK has to better manage their supply chain without ending up with excess inventory. This is a challenge to any company and is a formidable one when the product life cycle of a smart phone is sometimes measured in months instead of years. Industry pundits have lain some of the "parts shortage" on the chip suppliers and other internal parts suppliers. I have no idea from reading the financial statements nor do I really care at this point. Hopefully that is behind NOK now. The key now is to sell a bunch of Windows phones regardless of the color. I have been using a 920 since it was released by AT&T and it is a fine device and serves me well. I have also been using both a Windows 7 and Windows 8 laptop and both work quite well syncing with my 920. I can find little fault with Windows 8 and have begun upgrading my office staff to new Windows 8 laptops. So far they work just fine with our old Windows XP servers. I am long NOK, INTC. I have nothing against AAPl and have used an iphone in the past and continue to use an ipad when I can wrest it away from my wife. I do prefer to use a Windows 8 ultrabook touch laptop when casually surfing the web.
Eagle Bulk Shipping: Enjoy The Good News For Now, But Tread Very Carefully [View article]
ConocoPhillips Reaches A Transformational Inflection Point - Time To Buy [View article]
ConocoPhillips Reaches A Transformational Inflection Point - Time To Buy [View article]
Bakken Update: Investment Trends In The Bakken's First Quarter Of 2013, Part III [View article]
The Lumia 925 (NOK) is officially revealed. Thanks to its aluminum frame, it's ~50g lighter than the 920, and ~30g lighter than the 928. Otherwise, the specs resemble the 928's: a 4.5," 1280x768, OLED display, a dual-core, 1.5 GHz., Qualcomm (QCOM) processor, and an 8.7MP camera with optical image stabilization. There's no xenon flash, but there is an advanced camera app that leverages Scalado. Nokia will be charging a steep unsubsidized price of €469 ($609) when the 925 hits China and Europe this June. But T-Mobile USA (TMUS) is expected to sell it for less than $100 subsidized. Shares -5%. Were investors expecting a 41MP sensor PureView phone? [View news story]
I am worried about China because NOK has had repeated supply line issues in China and numerous personnel changes there. I am long NOK but I am worried about Asia. My main reason for the earlier comment was to address the comments about T-mobile however Asia holds the key for the NOK turnaround in smart phones due to the large untapped potential. By the way I have owned a 920 since the day it was introduced by AT&T and it is far superior to any phone I have used (yes I have used several iphones). Apple showed us a breakthrough phone and now NOK/MSFT have made it help my business and efficiency.
The Lumia 925 (NOK) is officially revealed. Thanks to its aluminum frame, it's ~50g lighter than the 920, and ~30g lighter than the 928. Otherwise, the specs resemble the 928's: a 4.5," 1280x768, OLED display, a dual-core, 1.5 GHz., Qualcomm (QCOM) processor, and an 8.7MP camera with optical image stabilization. There's no xenon flash, but there is an advanced camera app that leverages Scalado. Nokia will be charging a steep unsubsidized price of €469 ($609) when the 925 hits China and Europe this June. But T-Mobile USA (TMUS) is expected to sell it for less than $100 subsidized. Shares -5%. Were investors expecting a 41MP sensor PureView phone? [View news story]
The Whispers Say 'How Much' Not 'If' Ruger Will Beat Estimates [View article]
4 Value Packed Stocks Under $7 - Revisited [View article]
Anthony,
Really liked your article. I was long LSE and just sold a portion of my position over $7.00 as I thought it had come too far too quickly. Sorry to nitpick but your statement: "The company recently announced an initial public offering of 6,500,000 shares of company stock." is not accurate. The company is doing a secondary offering and the proceeds will be used to pay down debt or other corporate purposes. LSE is still my favorite REIT but now I am playing with profits on this one.
Thanks for the update.
Bakken Update: Triangle's Accounting Issue Is A Non-Factor [View article]