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  • Seadrill: Now An Attractive 11% Yielder  [View article]
    Love the naysayers. You've got to dig to understand the debt strategy. Long SDRL and SDLP.
    Apr 3, 2014. 11:29 PM | 3 Likes Like |Link to Comment
  • Liquidity Services: Looks To Be A Good Value Play For 2014  [View article]
    I'm long. Solid profitable company. Much of the past annual growth was delivered on acquisitions, which the company was able to ingest and improve performance and overall metrics.

    With the continued unwinding of active conflicts by our DoD, I can't imagine there will be any shortage of surplus material.......

    They are building a portfolio of services for large corporations that turn into multiyear contracts for ongoing asset disposition, and not single event liquidations.

    I predict another acquistiion in 2014, steady increase in revs and profits. Maybe not at past historical rates.
    Jan 3, 2014. 10:44 AM | 1 Like Like |Link to Comment
  • Seadrill - Investors Should Not Applaud The Recent Dividend Hike  [View article]
    Hmmm, I saw the pull back as a buy opportunity. I have held a core position in SDRL and trade around that. So last time I sold was in the high 40's. The aspect some may not understand is the relationship with SDLP. So picture this. SDRL orders a $600M drilling unit and takes on new debt to purchase it. In the mean time it takes an exisitng asset (somewhat amortized asset) and drops it down to SDLP. SDLP pays cash up front, and assumes debt for the asset. SDRL then buys additional shares from SDLP to help them finance the dropdown. So SDLR has ownership shares and an asset in SDLP. SDLP then pays SDRL a growing dividend. SDLP works like an MLP except it trades as dividend paying stock.

    The net effect is SDRL is dropping older debt/assets off its books and getting a return on that, while taking on new debt and assets in the form of new builds. It's a virtuous cycle that enable it to grow its asset base and cash flow while managing it's debt.
    Dec 23, 2013. 11:27 AM | 3 Likes Like |Link to Comment
  • McDonald's Investors Pay A Massive Premium For Dividend Stream  [View article]
    My cost basis in MCD is around $58. I'd buy more anywhere in the 70's.
    Nov 28, 2013. 11:30 AM | Likes Like |Link to Comment
  • Nuverra Update: Revisiting The Default Risk  [View article]
    RE: KEG Presentation slides 14 and 15.
    Looks like 1st half 2013 revenue is down compared to 2012.
    Looks like these guys compete directly with NES.
    KEG doesn't appear to be running away from this business.

    Did I miss something?
    Oct 8, 2013. 12:22 PM | 1 Like Like |Link to Comment
  • Nuverra Update: Revisiting The Default Risk  [View article]
    Of course there is risk here.

    But the banks are still in are they not?
    Sep 30, 2013. 03:46 PM | 1 Like Like |Link to Comment
  • Nuverra Update: Revisiting The Default Risk  [View article]
    Oh well, looks like they amended the debt terms. Oh my, kinda blows the they are going into immediate default arguement out of the water.
    Sep 30, 2013. 01:46 PM | 1 Like Like |Link to Comment
  • Ebix: Navigating Through The Legal Maze To The Upside  [View article]
    Really now. The first attack was in March 2011. 18 months ago. Since that time we have had the SEC, state prosecutors and GS involved in looking at the company's business and accounting. GS decided to take it private, but then did take a pass, and I know government works slowly. But if this were truly a house of cards, wouldn't it have collapsed by now under the weight of all the scrutiny?

    I mean if I were GS and backed out because it was a house of cards, wouldn't I just short the hell out of it and then spill the beans? We are talking GS here.
    Sep 24, 2013. 12:35 PM | 2 Likes Like |Link to Comment
  • Atlantic Power: A Closer Look At MW Replacement And Dividend Risk  [View article]
    If you read their investor page on the website it says in addition to a standard Compushare type dividend reinvestment program, you can get your broker held shares to reinvest the dividend in the program which purchases additional shares at a 3% discount. In my first try with Schwab, I couldn't get it set up, but will try again.
    Feb 28, 2013. 05:40 PM | Likes Like |Link to Comment
  • Atlantic Power: A Closer Look At MW Replacement And Dividend Risk  [View article]
    I own AT in my Schwab IRA. I called and after the rep put me on hold and went to the dividend department came back and told me there wasn't a way to reinvest with the stock purchase and discount. It clearly states on the AT web site that US holders can do this. Didn't have time to pursue it further. May make another run at it later.

    On the same call I was able to set up ERF to reinvest in the stock purchase. Again, the rep had to put me on hold and go figure it out. ERF actually does a 5% discount on the stock purchase with reinvested dividends.
    Feb 28, 2013. 01:18 PM | Likes Like |Link to Comment
  • Atlantic Power: A Closer Look At MW Replacement And Dividend Risk  [View article]
    I get that they loose $62M in annual recurring cash flow, and that new projects may currently only replace 50% of that. But then there is the $100M they get from the sale, which replaces ~1.5 years of the asset cash flow. So maybe the question is, can they replace and grow the ~$30M annual difference in next 18 months?
    Feb 28, 2013. 01:14 PM | Likes Like |Link to Comment
  • Why I'm Buying Dell At $14  [View article]
    Buy it here today and sell August $14 calls for $.50?
    Feb 25, 2013. 05:00 PM | Likes Like |Link to Comment
  • Sleep Well At Night With This Dividend Aristocrat You Can Buy Right Now  [View article]
    Looks a little cheaper in after hours at the end of the day here. Stand by, could be cheaper yet tomorrow. When I find a gem I want to own, I'll sometimes buy a very small position. That way I can watch it and won't forget about it and be ready to pounce when it gets in my buy range. The small position (20-50 shares) ends up costing even more due to commission, but as the author states this thing may not be cheap today, but you can own it over a long period of time and get value out of it.
    Feb 25, 2013. 04:51 PM | Likes Like |Link to Comment
  • 2 Stocks To Buy, 1 Stock To Sell, What's Next For The Market  [View article]
    Just looking at the charts, I'd say eBay would be a short and VMW would be a buy. But then I live in opposite world I guess.
    Feb 14, 2013. 09:08 AM | 1 Like Like |Link to Comment
  • Nuance Communications' CEO Discusses Q4 2012 Results - Earnings Call Transcript  [View article]
    Nerves. Over reaction. Great stock at the right price.
    Feb 8, 2013. 12:00 PM | 1 Like Like |Link to Comment