Comments that Toll Brothers is overstocked with copper are puzzling to me.
We are buying a new Toll Brothers house in central New Jersey development and they are using PVC in all three hundred houses not copper.
Google AMTD and you can get a selection of articles on the pros and cons of its share price.
There are pricing pressures from competitors such as Bank of America that have free trading offers.
Competitors stocks have done well such as Schwab.
There is an undercurrent of speculation that the company wants to have a low share price in order to buy stock back. Look at the stock repurchase announcements.
There is a lot of stock out there, about 600 million shares, and it is difficult to get substantial EPS increases each quarter with so much stock.
It's not clear yet how well AMTD is absorbing its acquisitions.
Folks are hoping that 2007 and 2008 will bring a return to the $25 level it saw at the end of 2005.
One of the questions on the 1-30-06 conference call asked "In your analysis of adding shareholder value are you considering also the potential downside that some of the demand that copper has will permanently be lost?"
Does anybody have any comments on what "significant value" or "surprised" means in the answer below?
Reply by Eduardo Gonzales, the CFO:
"We are concerned about that particular aspect, Alberto, but we believe we can mitigate that. Again, I cannot sit here and dictate exactly what our plans are. We do not go about doing strategy publicly as no other company does but I can mention that we are
seriously in the process of considering something that will add significant value for shareholders pretty much immediately. In the
grand scheme of things I do not believe you ought to be concerned. I think you ought to trust our management view and I think you are
going to be surprised in several months from now of what these decisions may entail but we do not believe we are going to lose that
It was a good article. The article repeated information from the conference call. This is the link to the conference call transcript
I learned PCU, like PD will have flat (2%)production next year. This implies that production rates at both these large copper companies will not keep pace with a copper demand higher than these production rates.
PCU has been cooking the books a little. This practice of capitalizing $80 to $100m. in stripping costs has inflated earnings by depreciating hundreds of millions rather than expensing them as current costs. Not quite the zero cost producer that posters have praised.
Th company has roughly $1.3b.-1.5b. It doesn't add up the total but the peices are around there. Why is the company paying out so much in dividends when more could be applied to the debt? It makes sense that the company would not want to do a negative carry on keeping cash, but some could be used to pay off more longer term debt.
It looks like CMTL has been basing, going sideways, since its drop in early-mid December.
Today was an encouraging day. After selling in the first half hour that pushed its price down to 30.10, it steadily went up during the morning and ended at 31.52.
What is a sensible stop for PCU?
In December I've been stopped out twice. The second time today. I had a trailing stop 2 points below the bid. Each time, like today, PCU has recovered above my sell point.
I tried to buy GCM.TO this morning on Schwab. They told me I was the first person that ever asked to buy it and it would take from 24-48 hours to set up the buy.
My SU got stopped out today. I still own UTS, Connacher, and CWPC. My UTS and Connacher have gone up but CWPC is down from my buy price of $2.29. CWPC seems to be comfortable hanging around $2.00. I see you are consistent in your regard for PBG and I will take a look at it.
5-6 years makes good sense to me as a time frame. I think of these smaller oil sand stocks as seeds in the garden.
Folks on the SU board over the last few days reacted by saying Picken's comments were good for SU. The impression I had is that folks will ride through the next six months and look forward to the higher prices he predicted by the end of 2006.
Could you say a little more about UTS being bought out. What do you think about buying some UTS now? Would it be a good move?
Don't let the name put you off.
I appreciate his consistent comments to the board. He tells when he's buying and selling or going short and he doesn't waste your time with long speeches about politics or other posters.
I listened to the conference call.
The impression I got was that margins in several lines are declining. If you factor in stock options as you have to do now it has a noticeable impact on EPS. One questioner raised the issue if the company was too dependent on foreign sales to a north african country. The company is losing 1% with the lapsing of federeal R&D tax break.
The analysts didn't seem that impressed, indeed someone(s) pulled the trigger on big volume down as a reaction to the call.
The CFO had a more upbeat tone. The president was listless. The lines he was reading were good, but he read them in a low energy, inert manner. The line the president took was reminding listeners that there were going to be quarter-to-quarter flucuations. He said this 2-3 times.
INMO he could have done a better job in fielding the questions and had a better spin stressing the long run.
The bounce two days went flat and this morning's opening move that biggest fattest boner jumped on also fizzled by late morning which is why he understandably got out.
I bought 600 plus at 41.58.
The downgrade was mild. it simply said the stock was fairily valued.
Everyone who posted today said they were buying. So who did the selling?