⦁ by kidmadeira • Oct 8, 2015 12:51 PM
AMBA is now down 48% from your "buy now, you'll thank me later" call of August 16. You may have to go into "time out"............Kid
⦁ Now, Jan 8, 2016, AMBA is down 58.6% from your "buy now, you'll thank me later" call of August 16.
⦁ update, January 26, 2016, now down 65.7% from call of August 16.
⦁ update, Feb 9, 2016, now down 68.1% from call of August 16.
All good points. Hopefully P&W will soon get these teething pains out of the way. Something that concerns me is this: It's been so very long since Pratt has had a sharp ramp up with a new engine...with any engine!....that no one involved at any level has the experience. Institutional memory is a valuable thing that most often is lost. Pratt, while an old company, is very much on a steep learning curve re the GTF. I hope Leduc is the guy to run the show. 2016 will be one helluva year for Pratt.
Hillary will play any card, She addressed a group of POC's, persons of color, and said, paraphrasing, "We know what it's like to be on a plantation". She wouldn't know a plantation from a Goldman Sachs check or Bill's privates...Kid
Rather galling since the A321neo is the aircraft on which the GTF is strongest and the LEAP is weakest. PW should be leading the way on the A321--they have a 75% market share on that model and it is easy to see why. Rumors are that the GTF is outperforming LEAP by more than 4% which, when translated into range, is not something that CFM can simply buy their way out of. Yes, I know that which engine flies first is just PR and doesn't really mean anything--the market will eventually sort out truth from fiction--but, really, PW couldn't come up with two engines on time so they could fly first as planned? Troubling--and makes me wonder just how bad the production problems really are. Hayes said that UTC is planning on PW producing 200 GTF's in 2016--that's roughly $2B in top-line revenue, so there is a lot at stake.
wall street journal had story by yet another delay in "pure power" engine. hope it's profitable in long run but next years are going to be tough
UTX may come back but as I have said before, "some stocks never come back". Just because they always have doesn't mean they always will. GE was in the 50's the last time the market took it down and it may never see the 50's again. Citibank is lower than it was in the great recession. These are blue chip companies that haven't come back. UTx use to make it's money buying up companies and selling off the pieces after robbing the pension funds. Management is different now and them days are over. Have you ever heard the term time is money. Remember the days when you rode UTX down to the 40's. The banks are having problems again. Wouldn't it have been better to sell at $120 and wait for UTX to find a bottom? I have recommended selling UTX since it hit $120. Some stocks are losing 3.2% in one day. Dividends mean nothing in this type of market. Maybe if I were young things would be different but at this point in my life I do not like losing my money. I am at a point in my life where I like spending my money. I would rather spend my money than give it to the criminals on wall street. KID is the only one I know who can make money all the time and he will not tell us how he does it. My bet is UTX is going a lot lower with the rest of the market. Management told you the problem was a strong dollar and weak China. Those problems are still there so why own the stock?
These are the times when people with nerve really make money. At its present price, W2B, UTC's dividend corresponds to about 3% interest...which will jump to about 3.2% in a few months. Thats' very close to the stable value fund, meaning you will NOT lose income while you wait for UTC's share price to recover. And do you seriously believe that UTX will not recover to $100+? It might take 6 months, 18 months,...but it will happen. When it does the gain will be 20+%...and no "interest" income will have been lost while waiting. It takes never at times like this, of course.
W2B,......You're a combination of Bernie Sanders and Marco Rubio. Like Sanders, you want to take money from successful contributors to the US economy and redistribute to the less successful. And, like Marco Rubio, you've memorized a script attacking me and then repeat, repeat and repeat the script hoping that the repetition will make it true. Meanwhile, you have been holding gold and rode it down approximately 70% from it's high and have earned zero dividends. Your gyroscopes need recalibrating.......Kid
Hopefully this stuff is all minor. But the PR flow has been consistently bad lately. In contrast, Av Wk arrived today....there was a small piece from Lufthansa stating that its experience so far indicates a 16-17% improvement in fuel economy per seat over the conventional A320...beating guarantees.
If I had the need to invest in something it would be Gold. In the past my believe was you need inflation to have Gold go up. We are in a different world where everyone is looking to protect their money. With much of the world in negative interest rates what is a person to do. Pay the banks for holding their money? We are seeing problems now with the banks in Europe unable to make money. Negative interests may not be the answer. Not sure Draghi will be able to deliver what the market wants in March. These problems with the bank may be coming here. The financial sector here is not behaving very well. I am sure KID will trash the Gold idea because he is making so much money in the stock market. He always buys low and sells high making 500 trades a year. The rest of us are not investing in KID's world of fantasy. We are very lucky to have the stable value fund in our 401k. Haven't lost any money yet but keep in mind it is not insured by the FDIC. Insurance companies have and could go under. That is why we are getting 3.4% well above the normal rate. Let us hope it will stay there but even if it goes lower it is better than losing money.
Wall Street on Parade-1/31/16
According to the Center for Responsive Politics, among the top five largest lifetime donors to Hillary’s campaigns, Citigroup tops the list, with three other Wall Street banks also making the cut: Goldman Sachs, JPMorgan Chase and Morgan Stanley. (The monies come from employees and/or family members or PACs of the firms, not the corporation itself.)
Hillary Clinton famously told ABC’s Diane Sawyer in 2014 that she and Bill Clinton left the White House after his second term “dead broke.” But apparently, Citigroup felt they were a good investment. According to PolitiFact, Citigroup provided a $1.995 million mortgage to allow the Clintons to buy their Washington, D.C. residence in 2000. That liability does not pop up on the Clinton disclosure documents until 2011, showing a 30-year mortgage at 5.375 percent ranging in face amount from $1 million to $5 million from CitiMortgage. The disclosure says the mortgage was taken out in 2001.
Citigroup has also committed $5.5 million to the Clinton Global Initiative, a charity run by the Clintons. It has also paid enormous speaking fees to Bill Clinton.
What has Citigroup gotten from its outsized support of the Clintons? Bill Clinton is the President who repealed the most important investor protection legislation of the past century, the Glass-Steagall Act, an outcome heavily lobbied for by Citigroup. Hillary Clinton has signaled to Wall Street that she will not push to have the Glass-Steagall Act restored while her leading opponent, Senator Bernie Sanders of Vermont, vows to restore it and return sanity to America’s financial system.
Just nine years after Bill Clinton signed this massive deregulation of Wall Street and gave Citigroup’s Sandy Weill a souvenir pen from the signing, the U.S. financial system collapsed in the greatest implosion since the Great Depression.
Airbus Group SE will fly the largest version of its new single-aisle plane for the first time as early as this week, though using different engines than originally planned.
The plane maker has dropped plans to use engines made by Pratt & Whitney, a unit of United Technologies Corp., for the maiden flight of the A321neo aircraft in favor of ones manufactured by CFM International, a joint venture between General Electric Co. and France'sSafran SA.
Airbus has already adjusted production plans to push more Pratt-powered A320neo family deliveries into the second half of 2016, in part to ease pressures on the engine maker. Airbus has already missed a goal of handing over the first A320neo plane by the end of 2015 because of engine problems. The first was delivered to Deutsche Lufthansa AG last month.
The new Airbus single-aisle jets are offered with a choice of engines, while the rival Boeing Co. 737 Max, which flew for the first time last month, offers only a version of the CFM engine.
Pratt & Whitney has garnered orders for thousands of its new fuel-efficient Geared Turbofan Engines, which are critical to the future growth prospects of United Technologies in the commercial aerospace industry, but the power plant has suffered early teething troubles.
Airbus said the first A321neo with CFM engines would fly "in the coming days," with the Pratt & Whitney-powered version following "in the coming weeks." It played down the switch to the CFM engines and said "it doesn't matter which engine comes first."
Pratt & Whitney is already having to juggle engines for the A321neo test program, a person familiar with the company's efforts said. The A321neo maiden flight will use engines intended for a Qatar Airways A320neo jet. Those engines are available after the Doha-based carrier last year stepped back from its role as launch operator of the A320neo to allow the resolution of an issue that caused the engines to take longer to start.
Pratt & Whitney declined to comment on why it had fallen behind its rival in the flight test sequence, and said it was in talks with customers about delivery plans. Pratt, which has said its engine is meeting key fuel-burn targets, is still working on implementing fixes for some operational shortcomings on the design.
United Technologies Chief Executive Gregory Hayes has moved to reassure investors about the engine's progress. " These engines don't take long to assemble," he told investors last month. "It's a question of just making sure all of the parts are there on time, and that's what the focus is going to be at Pratt as well as driving the cost down."
Availability of engines this year for Airbus's plane is still affected by supply-chain hiccups that Pratt & Whitney suffered in 2015, even though the engine maker has since resolved the issue, according to a person familiar with its plans.
"They have been struggling with a series of small issues," Airbus Chief Executive Fabrice Brégier said last month of Pratt & Whitney.
Airbus and Boeing have built huge a backlog of orders for their new workhorse single-aisle jets, boosting output and placing unprecedented pressure on their production capacity and that of suppliers to meet demand.
Delivery delays can hurt manufacturers and customers. Shares in Indian budget airline IndiGo slumped after Airbus said it would be late in handing over the carrier's first A320neo. Airbus and Boeing in the past have had to make financial compensation to airlines when planes were delivered late, though no customers have publicly requested remuneration.
One thing about Jeff was he got sense of humor I remember when he was Sikorsky president he was different there every body outs , I Cain like the guy is to bad he is gone now RIP Jeff.
Former Sikorsky president Jeff Pino and his friend Nicholas (Nick) Tramontano were reported killed Friday in the crash of Pino's P-51 Mustang near Maricopa, Ariz.
Although the Pinal County Sheriff’s Office (PCSO) did not immediately identify either victim of the crash, XTI Aircraft Company, for which Pino served as vice chairman, confirmed Pino's death in a statement on the XTI website. The company also confirmed that Tramontano was the second victim in the crash. Pino and Tramontano were said to be long-time aviation friends.
“There are no words to express the grief and sadness we feel at the passing of our very dear friend and colleague Jeff Pino on Feb. 5,” stated XTI Aircraft founder and chairman David Brody. “As the former president of Sikorsky Aircraft, Jeff was a true leader, pioneer and industry legend. As the vice chairman of XTI Aircraft Company, Jeff was a brilliant strategist, visionary and expert in all things aviation. As our friend, he was all of that and so much more.”
Airbus has a new airplane -- and that could be great news for United Technologies
I'm sorry. Did that sound like a non sequitur? Allow me to explain:
Late last month, Airbus announced with some measure of pride that it had delivered to Lufthansa Group its first new model A320neo upgraded single-aisle commercial airplane. This is the first of thousands of A320neos, for which Airbus has booked firm orders, to actually be built and delivered to a customer.
It's important news for Airbus, because now, the company gets to begin converting those thousands of orders into cold, hard cash payments for delivered aircraft. It's important news for Lufthansa, which can now boast that it's got a plane in its fleet that no one else yet has.
And it's important news for United Technologies, because United Tech's Pratt & Whitney unit builds the PurePower Geared Turbofan (PW1100G, for short) engines that power Lufthansa's new A320neo. It's important because these engines permit Airbus and Lufthansa to boast that their new planes will fly quieter, leave a smaller carbon footprint, and cut fuel consumption by 15% (versus current-generation aircraft).
What it means to Airbus
Inaugural customer Lufthansa has ordered 116 A320neos for its fleet, and that's only the tip of the proverbial iceberg. Since 2010, Airbus has collected almost 4,500 orders for aircraft in its A320neo family (which includes the A319neo, A320neo, and A321neo). According to Airbus, that's about a 60% share of all single-aisle commercial aircraft ordered over the last six years -- and it means Airbus is outselling Boeing roughly 3-to-2 in this important segment of the market.
At list prices averaging $110.5 million across the three A320neo models, the value of those 4,500 orders could approach $500 billion.
What it means to United Technologies
In a press release of its own, United Tech trumpeted the first A320neo delivery, noting that its own UTC Aerospace Systems division is a "major supplier" of "advanced systems and controls for the A320neo." UTC AS components run everything from the flight control actuation system on the plane to its "cockpit controls, cabin pressure and control system, electric systems, fire protection, emergency power, cockpit and exterior lighting, wheels and brakes and air data sensors."
The contribution United Tech is most proud of, though, is undoubtedly the PW1100G geared turbofan engines that power Lufthansa's Airbus A320neo. These are the engines that, in anything other than the ultra-low oil price environment we see today, will be essential to keeping airplanes affordable enough to fly.
United Technologies won't say precisely how much each PW1100G engine costs, but Reuters estimates that the engine -- like the competing LEAP engine that General Electric's CFM joint venture with Safran is offering for the A320neo -- costs about $11 million a unit. That means that, for 4,500 twin-engine airplanes, United Technologies and General Electric are fighting over a total market of roughly $99 billion.
What it really means to United Technologies
$99 billion -- or more. In addition to Airbus' A320neos, General Electric is also outfitting Boeing's competing 737 MAX line of aircraft with LEAP engines. United Technologies, meanwhile, has locked up exclusive deals to supply PW1100G engines to Bombardier and Embraer. And while those two aren't as big opportunities as the A320neo market is, Reuters still calls both planemakers' business "significant."
Long story short, the arrival of the Airbus A320neo is the start of a huge opportunity for United Technologies -- and it's only going to get bigger over time.
Remember - Blumenthal also MISPOKE when he called himself a Vietnam veteran and how badly he was treated when he came back from Vietnam. He saw action in Greenwich or Darien.
Finished watching the movie last night. The important thing we should get from the movie is the SEC had an opportunity to stop this fraud years before it ended. They ignored information given to them and allowed it to go on. These are the people who are suppose to keep us safe from fraud. They sit in their office watching porno films and collect their paycheck. As far as I know non of the bankers responsible for the melt down never went to jail. Jon Corzine and ex senator took MF Global down but haven't heard of him going to jail. During the last melt down I was scared indeed. I realized the importance of diversification. I removed one third of my assets from my 401k and put them in Roth IRA and on line banking. Keep your money in different places. That makes it harder to steal. There are criminals out there that will steal your money and our agencies which are suppose to protect us are useless. When I hear of the banks in Europe in trouble it brings back memories of the past. Do you really think if their banks go broke it will not effect us? Don't listen to KID stay in cash. There will come a time to invest but now is not the time.
Esterline Technologies Corp. (ESL) -NYSE 52.99 Down 22.78(30.06%)
This can't be good news for UTX can it ?
Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems. This segment also provides military personal communication equipment, primarily headsets, handsets, and field communications equipment; keyboards, keypads, and input devices that integrate cursor control devices, barcode scanners, displays, video, and voice activation; and instruments for point-of-use and point-of-care diagnostics. The Sensors & Systems segment develops and manufactures high-precision temperature, pressure, and speed sensors; electrical interconnection systems; electrical power switching, control and data communication devices, and other related systems; and micro packaging, planet probe interconnectors, launcher umbilicals, and composite connectors. The Advanced Materials segment develops and manufactures silicone rubber and other elastomer products, such as clamping devices, thermal fire barrier insulation products, sealing systems, and tubing and coverings; lightweight metallic insulation systems; thermal protection products; and molded fiber cartridge cases, mortar increments, igniter tubes, and other combustible ordnance components. The company markets and sells its products through direct internal sales, manufacturer representatives, and distributors. Esterline Technologies Corporation was founded in 1967 and is headq