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  • Helmerich & Payne downgraded at BMO, citing lower EPS estimates [View news story]
    This analyst is failing to take into account the distinct possibility that OPEC and particularly Saudi Arabia
    are very close to capitulation and reducing their output significantly.
    Financially they are draining their own cash reserves at an alarming rate at the current price for oil.
    Watch and see. It won't be long now.
    Sep 2, 2015. 02:27 PM | 3 Likes Like |Link to Comment
  • Refiners: Will WTI/Brent Spread Widen Again? [View article]
    Please be aware that it has recently come to light that the federal government is seriously considering lowering the amount of ethanol that needs to be produced. This legislation will have a tremendous impact on refiners' profits, increasing them. VLO for example at present expends about $800 million per year as a result of current levels that must be produced which comes right out of profits, disappearing from the bottom line. One of the main reasons for instituting the ethanol production levels was to lessen our dependence on foreign oil imports. With tremendous shale oil deposits being worked and new shale oil fields being discovered one after the other in quick succession and with the prospect of the United States becoming energy independent in the not too distant future this reason for maintaining current ethanol production levels no longer exists. Once again, look for this legislation to be passed in the near future with a corresponding spike in the share prices of refiner stocks. Domestic refiners will have their hands full refining all the new oil being extracted in the United States and used domestically or exported. This will also bring their facilities to full production capacity and require the construction of new refineries
    to keep up with demand which will significantly and positively impact refiners' future profit levels and in turn share prices.
    Oct 13, 2013. 06:52 PM | 4 Likes Like |Link to Comment
  • Apple's Main Catalyst And Main Risk [View article]
    It has been shown time and time again that there is always a robust market for top of the line and luxury goods and investments like homes no matter what the condition of the economy is. Apple will continue to command the sizeable market of those that want the best no matter what the cost. The cannibalization of people buying the cheaper Iphone models instead of the more expensive top of the line Apple models will be minimal. In addition to the high margin profits at the high end Apple will be able to turn serious profits from the lower end of the market. Lower margins are fine in the lower end as long as sales are robust, profits are still being made and production can keep apace with demand. The tens of millions of lower end Iphone users will also add handsome profits for Apple with the download and use of content. Profits are profits and still find their way into the bank. Automakers as well as other successful retail industries cater to both the high end and the lower end by design in the quest for total market penetration and maximum profits.
    Sep 4, 2013. 01:05 PM | 1 Like Like |Link to Comment
  • A Bubble Continues To Form In The Stock Market [View article]
    Just beware that you don't take a Bubble Bath in the stock market.
    Diversify, rebalance and hedge your bets and take financial showers to clean up periodically avoiding any Bubble Baths.
    Aug 31, 2013. 03:37 PM | Likes Like |Link to Comment
  • Apple's Historical Announcement Returns And Margin Of Safety [View article]
    There are two tremendously positive developments for Apple that will most likely occur before or not long after September 10 when Apple
    will show it's new products and upgrades. Those important developments are China Mobile, the largest mobile carrier in China with more than 700 million subscribers, and DoCoMo, the largest mobile carrier in Japan, entering into contracts with Apple to begin the sale and promotions of Iphones. Together with the advent of cheaper Iphones for sale in emerging markets and the signing up of tens of millions of new subscribers and the ongoing increase in income flow from new subscribers for Apple's applications and content, the upside to Apple is potentially tremendous. If the release of new products and upgrades on September 10th is in any way positive and China Mobile and DoCoMo sign up with Apple, which they have already indicated they will do, Apple's
    stock price could quickly rise $50 to $100 per share.
    Aug 31, 2013. 03:30 PM | Likes Like |Link to Comment
  • Carl Icahn's Threat To Apple's Long-Term Prospects [View article]
    So with $1.5 billion in Apple shares Icahn owns about 0.3% (three tenths of one percent) of Apple's stock. Doesn't seem like very much in the total scheme of things. Not enough that anyone should be seriously listening to Icahn's barking.
    Aug 25, 2013. 08:39 AM | 5 Likes Like |Link to Comment
  • Remember Buy Low, Sell High? [View article]
    Re-balancing one's portfolio periodically when a particular stock or stocks or portion of the asset holdings (stocks, bonds, cash) has grown significantly and is out of reasonable proportion to the other stocks and asset segments based on parameters which we have set up for our portfolio goes a long way to achieving the effects of "buying low and selling high."
    Mar 17, 2013. 01:45 PM | 1 Like Like |Link to Comment
  • Fed Stress Tests: Ally Financial is the only bank not meeting the Fed standards.  All of the other 18 holding companies showed a Tier 1 Common Ratio higher than 5% under the central bank's severe loss scenario. [View news story]
    Please note that GM did not buy the USA portion of Ally Bank, it only bought the assets of Ally Financial in some foreign countries.
    Mar 7, 2013. 04:58 PM | Likes Like |Link to Comment
  • Apache, Show Us The Money [View article]
    Apache looks ripe for takeover by a larger energy company.
    Mar 6, 2013. 11:48 AM | 1 Like Like |Link to Comment
  • Bernanke Is Underwriting The Wealthy [View article]
    It is very simple to determine where most of the money that the Fed is pumping into the economy is going. The top 20% of
    income/net worth individuals own 84% of the country's assets. The lower 80% own just 16% of the total assets of the country. This disparity in the accumulation of assets is becoming more acute over time. The vast bulk of the money being pumped into the economy ends up with the top 20%.
    Feb 24, 2013. 12:27 PM | 2 Likes Like |Link to Comment
  • 3 Reasons Why Investors Should Avoid MetLife [View article]
    To the contrary, the fact that Met Life is trading far below it's book value is not an indication that investors are aware of problems and uncertainties for Met Life in the future. It is an indication that investors are not aware of the tremendous bargain that Met Life presents right now for investors. Met Life has liabilities in the $60 billion dollar range and cash in the bank in the $40 billion dollar range, so their net assets outside of current invested capital (about $500 billion, that is half a trillion dollars) and future liabilities which are payable over many decades is very manageable. The low interest rate environment is already factored into the stock's price.
    When interest rates begin to rise which should be before very long, that $500 billion in investments is going to be producing more and more significant returns. Yahoo, Credit Suisse and
    Standard & Poors all rate Met Life's stock price to range between
    $40 to $44 within one year. I am going with Yahoo, Credit Suisse and Standard & Poors evaluations as well as the fact that Met Life's
    cash in bank per share is about $40 per share and the share price
    is only in the mid thirties. Try again. I think you have struck out on this one.
    Jan 8, 2013. 07:21 PM | 4 Likes Like |Link to Comment
  • Cummins Will Have A Great 2013 And Beyond... You Could Too [View article]
    Dear Matthew,
    Thanks so much for your article. There was an article today on another major financial site trying to knock Cummins' future prospects down. I own Cummins and am not planning to sell. I think Cummins is a wonderfully run company and a solid long term investment. This reminds me of some analysts that were trying to knock Helmerich & Payne down. I wish they would look at the history of Helmerich & Payne as well the history of Cummins before they write detrimental articles about long term prospects.
    Helmerich & Payne was established in 1923 and every year since then (90 years) it has shown a profit every year through depressions and wars. Helmerich & Payne fell for a while due to analyst opinions and the price of oil, but Helmerich & Payne true to form crushed the profit estimates recently and has roared back to a very lofty price. Thanks again for your article. We'll see how we do !!! Keep up the good work.
    Jan 8, 2013. 02:20 PM | Likes Like |Link to Comment
  • General Motors (GM) announces it will spend $5.5B to buy back 200M shares from the U.S. Treasury. GM +6.6% premarket. [View news story]
    Bondholders expected a good return with no risk ?? Pie in the sky.
    There is no such thing. They placed their bets and they lost in this case. The bondholders should have done due diligence before
    plunging in.
    Dec 19, 2012. 11:13 PM | Likes Like |Link to Comment
  • General Motors (GM) announces it will spend $5.5B to buy back 200M shares from the U.S. Treasury. GM +6.6% premarket. [View news story]
    Dear GaltMachine,
    If you would spend a minute to do the calculations, you will find that the breakeven point for the Government would be about $53 per share. They lost about 1/2 or about $5.5 billion on this first sale of
    200 million shares. The remaining 300 million shares when sold will sell at a much higher price than $27.50 as GM keeps going up. Even if GM doesn't go up at all from $27.50 then the Government would lose $7.65 billion if it sold the remaining 300 million shares. This together with the $5.5 billion lost on the sale of the first
    200 million shares yields a maximum loss by the government at today's price of $13.15 billion. GM's stock price will continue to rise over time and GM will most likely buyback the remaining
    300 million shares at a premium just as it has done with the first
    200 million share purchase, so the final tally should be a loss
    of significantly less than $13.15 billion. People need to stop crying in their milk and move on. GM for whatever reason is currently a wonderful investment opportunity. Don't let bitterness blind you to the current strength of GM.
    Dec 19, 2012. 12:17 PM | Likes Like |Link to Comment
  • General Motors (GM) announces it will spend $5.5B to buy back 200M shares from the U.S. Treasury. GM +6.6% premarket. [View news story]
    When the Federal government is completely out of GM it will have
    lost $10 billion or less on it's investment. When one considers the untold billions that the Federal and State governments saved by keeping several hundred thousand people working for these years,
    the government's investment was a bargain.
    Dec 19, 2012. 12:03 PM | 2 Likes Like |Link to Comment