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7707431

7707431
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  • Oil, Gold, Inflation: Connecting The Dots [View article]
    It would depend on the elasticity of demand. In a purely elastic market, you would be right. But unfortunately, oil demand is short-term largely inelastic.
    Jun 24 05:41 PM | Likes Like |Link to Comment
  • Vale Hit Hardest By Global Iron Ore Glut [View article]
    This article has very poor logic. "Iron ore prices are going down, so sell/don't buy VALE."

    This says nothing of long-term profitability and return on equity, which drive shareholder value, and hence share price.
    Jun 13 04:35 PM | Likes Like |Link to Comment
  • Seadrill signs $1.1B rig deal with Total [View news story]
    Withholding tax is paid on dividends, not sales. And Bermuda's is 0%.
    Jun 4 03:02 PM | 1 Like Like |Link to Comment
  • Linn Energy: Production Imperils The Distribution [View article]
    The logic in this article is flawed...the author uses an absolute ($900M CapEx) to compare to a relative number (3-4% organic growth). This would be fine if this was compared to other oil firms, but it was simply "this is a lot of money for little growth". One must understand that the "law of large numbers" makes the % gain small for increasingly large total dollars.
    May 1 12:47 PM | 6 Likes Like |Link to Comment
  • Banco Santander: Key Shifts Will Lead To Incredible Profitability [View article]
    Dilution only occurs if the earnings generated by keeping the cash do not match the cost of equity. In SAN's case, since they are wildly profitable (not counting those pesky non-cash charges), they're actually doing you a favor by issuing shares.

    You'll get more in the long run because they can produce returns well in excess of what you (or the average) investor could on their own with it. The dividend is your share price increasing.
    Apr 3 02:45 PM | 3 Likes Like |Link to Comment
  • Seadrill's Latest Jack-Up Deals Could Enhance Long-Term Revenue Growth [View article]
    Normally I don't like to write downer comments, but this article is a big offender to the quality of the site as a whole.

    I struggled to find any semblance of original thought, let alone some prose that didn't feel like it was lifted directly from a press release or 10K. Even the author's conclusion was copied a previous article of her own (and a very unsatisfying conclusion at that). Please try harder next time.
    Apr 3 01:54 PM | 3 Likes Like |Link to Comment
  • Orange: After 25% Dividend Cut, Still Yields 6% [View article]
    Let me clarify, the net credit would be the difference in effective rates. 40% in France less the effective US rate (which for me was 0%, but usually it's 25-32%). The point is that you wouldn't notice any difference in your total tax bill vs. holding pure and equivalent US investments.
    Mar 7 09:34 AM | Likes Like |Link to Comment
  • Orange: After 25% Dividend Cut, Still Yields 6% [View article]
    Fanebrb, you can use that tax paid as a credit against any US dividends. And for almost everyone, it comes out to a wash.

    Secondly, I wouldn't want anyone who considers dividend withholding taxes as part of the investment equation to be invested in the same stock as me. It would indicate retail amateurism, which breeds volatility and emotion based trading.
    Mar 6 09:40 AM | 4 Likes Like |Link to Comment
  • Why Omega Protein Should Be In Your Portfolio [View article]
    Extremely detailed, thorough work. Thanks!
    Feb 20 09:59 AM | Likes Like |Link to Comment
  • Seadrill: An Attractive 10% Yielder [View article]
    Always a pleasure to read, Bret. Do you have any comment on the Barclay's call today?
    Jan 28 04:47 PM | 6 Likes Like |Link to Comment
  • Deepwater drillers could plunge 35% on average, Barclays says [View news story]
    Have these guys noticed that all of DO's rigs that are being renewed are at HIGHER rates? I always hate when facts don't fit the truth I like the best.
    Jan 28 04:40 PM | 7 Likes Like |Link to Comment
  • IAMGOLD Is Not Really Gold [View article]
    Your conclusion is non sequitur from all the data and arguments you presented above. You use an argument about falling gold to justify selling IAM. It's really not an argument against IAM...it would be an argument against all precious metal mining firms.
    Jan 27 11:26 AM | 10 Likes Like |Link to Comment
  • Orange's Dividend Cut Risk Has Increased [View article]
    I would argue they simply are going to miss their leverage target and live with it. It's by far the lesser of two evils. After all, the debt reduction target was based on the assumption of the asset sale.
    Jan 20 02:07 PM | Likes Like |Link to Comment
  • Orange's Dividend Cut Risk Has Increased [View article]
    So I understand your thesis correctly, a dividend cut is more likely because Orange would rather pay down more debt to meet a debt reduction target? I would disagree. They'll just not meet their leverage target. It's by far the less painful of the two choices.

    Lastly, the dividend is a % of cash flow...there are no real cuts or raises. There just is the number, which can be more or less than before.
    Jan 20 01:56 PM | Likes Like |Link to Comment
  • Asanko Gold: Shares Trade At Cash And Have Multi-Bagger Potential After The PMI Gold Deal [View article]
    Superbly written article-professional, objective, and uses math to support claims. I only wish you published the NPV $0 threshold amounts for the tables to give us a better idea of the sensitivity of the curve.
    Jan 13 06:37 PM | 1 Like Like |Link to Comment
COMMENTS STATS
20 Comments
42 Likes