OneBeacon Insurance Group, Ltd. Message Board
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Trailing yield is 4.6% and was as high as 8.1% on today's price in 2008. I expect dividends to start to increase this year as Europe recovers. These are big multinationals and they continue to do well. This fund is a BUY
Sentiment: Strong Buy
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Interest income up 19% Y/Y. They have $240MM of loans but just raised $35MM of new equity and they have $170MM of unused borrowing capacity so they could almost double the loan portfolio. Earnings would go up about 50% after interest charges. Dividends would go up 50% as they pay out all earnings. Stock will trade up to $26 for an 8% yield and sell at a premium to book value. Mgt thinks stock is far too cheap-read release.
Sentiment: Strong Buy
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In one to two months SUNS will increase the divvy. The .1175 monthly rate may go to .125 for an annual rate of $1.50. This should move the stock over $20. ex dividend today 5/21
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Get serious. Iridium can only get business by offering it for deep discounts as they have big holes in coverage and low power satelites. ORbcom's launch this summer will set the standard for high power birds and Iridium will lose customers. If you do not have high power birds, you will lose market share. This is a fast growing industry but I doubt IRD can keep up.
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Mayo may try but they will find out the true cost of transport the hard way. Capital cost, certification, maintenance, pilots, and massive fees. They will lose plenty of money and abandon the program. Not as easy as it looks.
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The CC was a little confusing. They provided 2Q guidance for the first time to $13.1MM of service revs and $4.4MM in hardware for $17.5MM of total revs. The 1st Quarter was $13.9MM of service revs so folks got excited. The stock immediately started to sell off from $4.20 to $3.88 on 40,000 shares. Selling begets selling. One analyst said message rates must be way off because you have more customers. CEO said no they are not. Turns out the bill back rev was $1MM which was not in release. So 1Q was $12.9mm service up from $12.4 in Q4 with 100K of Yen losses. So 2Q will be up and will have $200k of yen losses. The acquisitions are only 2 months of revs and will add $250k in incremental revs. The 4 analysts went over it 3 times while mistakenly hitting the sell button. What dopes. I think 2Q will be upside surprise at $13.4MM of revs.
They have lots of moving parts this year with acquisitions, 18 bird launch, big capex, etc They will use $35MM of cash next 2 quarters leaving about $60MM at end of Q3. Nice cushion. There is a rumor that Iridium was going to try and get CAT business. When asked, CEO made it clear that there was a15 year relationship with CAT and that was unlikely to say the least.
ORBC will launch, get many new customers, be low cost technology leader, and have global footprint. Pretty compelling offering. Stock could be $20 in a few years and downside is maybe $1/shr.Sentiment: Strong Buy
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That's right strong sell as I want to buy your stock.
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Adjusted eps.02 vs $.02 adjusted for non-recurring items. Pretty good considering the failed launch and acquisitions. Subscribers up 13% Y/Y in tough economy. When get our 18 birds up in the fall, revs will take off as new service will best of bread. Huge market for tracking worldwide. I am adding today on weakness.
Sentiment: Buy
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Looks like progress W-fi users up 31% over 4Q. Open Mobile looks like it has head of steam. Legacy is still declining but now at 50%. Non-gaap loss $.03 after stock based and non recurring --on estimate. Forecast BE EBITDA next quarter. Seems fine to me and upside surprise on users. SOOOO much leverage on upside and lots of cash on BS. Keep it going!!
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Cash flow is $2.90/shr in earnings plus depreciation. The cash flow multiple is 3.6!! They are spending most of it on upgrades and buying stations but that will wind down and free cash flow will be used for dividends. The recent debt offering was timely. Without capex, they could today pay out $2/shr easily. This is a crazy cheap stock. After the day traders exit, it will march again. 2Q could be good. It should be 6.5 x cash flow or $19/shr.
Sentiment: Strong Buy
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Considering how weak the economy was in Q1, these are very good results. Stock is 9x earnings and still very cheap on EBITDA basis. This is a leveraged play on recovery in trucking freight. Cost structure has been stabilized with parent as lease costs are now fixed to revs in part. This could be a $15 stock soon.
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Thanks for your thoughts. DSW Group holdings LLc is the other issue. It is 10% of the portfolio and has been restructured. That means it is underperforming. If they have to write it down by 25%, it takes $.60 off BV. They wrote it down in 2012. I do not like this concentration in one holding. -
The $42.6 million contract covers the launch of 18 second-generation Orbcomm satellites on two Falcon 9 rockets between the second quarter of 2013 and the second quarter of 2014, Orbcomm wrote in a Dec. 27 filing with the U.S. Securities and Exchange Commission.
18 birds not 14. -
We have years of high growth ahead of us. Management should not sell our company. We will launch 14 birds this year and revenues have the potential to quadruple. Cash flow can go to $60mm from $14mm currently. Montgomery will bring in the new business. ORBC will be the unquestioned leader in the space and smaller players like NMRX, CAMP and Telular will give up share. This stock can be a game changer for its stakeholders.
Sentiment: Strong Buy
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When 1Q is released we will see the PIK interest. They need to issue 8.6MM shares in q1 or pay cash interest. They have the cash as they just borrowed it from Oak in order to pay Oak!!
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Thanks--
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Excess cash is $6/shr. That still gives them 2/1 current ratio. They will earn $1.70 this year so $12.25/$1.70 is 7x. The cash flow multiple is 5.7 with $.44 of depreciation. This is the cheapest stock on any exchange. They are great managers. An acquisition could add $.70 to earnings and $.90 to cash flow. Every time this stock ticks down, I add to it for my clients.
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Weather is always a problem this quarter. The story here is unreimbursed flights will be covered with Obama care. All those flights done for free will get paid. The added revs will double earnings as no added costs. Hang in there as this will be $100 stock in two years.
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I am back in. Where can you get this yield in a solid industrial company. GE has been dealing with soft Europe for 3 years and still cranks it out.
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Accounting issues are important but not huge. PWH is being a hard #$%$. Capitalized interest is standard, Company recognizing impairments already, reserve report is by independent company, and controls being inadequate already addressed. They would not have hired PWH if these issues were being hidden. CEO et.al must sign off on financials and if wrong can go to jail.