Tue, Jul 29, 2014, 4:27 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Credit One Financial Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • BenGrahamMan BenGrahamMan Oct 21, 2005 3:00 PM Flag

    CC notes i took pt 1

    12. Wilson would not discuss long term contracts, but did refer a questioner to read the prospectus again under �long term contracts and former co-operative owners and try to gauge it.�
    13. Share count per Ernie Thomas, CFO is 55,072.
    14. Thomas claims the following in regards to preferred shares, �There's a misunderstanding regarding the former preferred shares of the member owners. Those shares no longer exist. They were exchanged for common shares in CF Industries, Inc. as part of the transaction, the IPO transaction. And those shares were exchanged for cash and for shares in CF Industries Holdings. So, the preferred shares no longer exist. That's a mistake on Bloomberg. We're trying to correct that.�


    October 21, 2005 Review of Investors update on Natural Gas Increase


    1. NG is largest cost component of CF�s nitrogen fertilizer business segment. According to JPM report, Nitrogen is about 78% of total revenues.
    2. FPP = Forward Pricing Program.
    3. Claims that initiatives to increase purchases of fertilizer products, and reducing operating rates (�when appropriate�) in Donaldson, LA complex, along with rescheduling turnarounds at phosphate fertilizer operations in Central, FL and the FPP program, have helped CF mitigate the near-term impact of NG price escalation.
    4. � Approximately 1 million tons, or 63 percent, of CF Industries' fertilizer sales in the third quarter of 2005 were booked under the FPP, versus a comparable total of approximately 700,000 tons, or 40 percent, of fertilizer sales in the third quarter of 2004.�
    5. Noted that these initiatives are only good for short term pricing, as 2006 pricing and revenue stream remains cloudy.
    6. expects Donaldson, LA to operate at 50% for remainder of 2005. Alberta plant operating as planned. Expects to be able to meet all commitments on shipping, etc.
    7. Gross cash and ST Investments are at $315M. $250M credit facility remains undrawn.
    8. Customer advances were $185M
    9. Long-Term debt at $4.2M

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I find two points most interesting:

      1. "comfortable with margin". That may be the best news I've heard in a while on this stock. Why didn't he quantify this? I read this to mean, lower than usual, but not a disaster.
      2. Long-term contracts - he should not have avoided this question, why didn't he quantify -- they know the answer. I read this to mean, this is hurting us bad and would prefer to not to discuss it since he'd prefer to not discuss more bad news.

      • 1 Reply to investor1profile
      • hi,

        he didnt answer both questions, only because he was dealing with hurricane issues and told everyone, a number of times , that he would detail the rest on 11/9/05.


        >> I read this to mean, this is hurting us bad and would prefer to not to discuss it since he'd prefer to not discuss more bad news. <<

        I'm not saying you are incorrect. I didn't read it that way. I read it, just as he said it. To be fair, I did not hear call, I had a copy of transcript. Hence, perhaps the tone was different. yet, judging that JPM and MS came out with at worst, cautiously positive words post call, they apparently didnt get the same feeling you did. Also, they heard the entire call, whereas you are reading some notes on a yahoo bb :-)

 
COFI
1.500.00(0.00%)Apr 23 12:50 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.