Are you seriously comparing Kodak to fcx? Apple's and oranges man. Get a clue. Technology vs minerals and energy. ?.something tells me that there's a better chance of Exxon being around 50 years from now than Apple.
For the first time in nearly 2 years (not including reinvested divy). I only nibbled b/c who knows where the knife will stop, but this seems exhausted on a technical basis and I'd enjoy turning this into a trade if we get a nice bounce or if it goes lower, I have no problem sitting on shares at this level. GL all, B
I don't see any danger in the divy being cut and there is zero chance of the yield getting to those levels....I wish they would up the divy but that isn't fiscally responsible yet either. No need to get that negative. BUT....if it does go to 4/sh (which you are implying) and the payout is 8-9% or so, I will be buying hand over fist....heck, perhaps even take out a loan to buy some...and pay back the loan with the divy payouts (plus some other funds obviously) over the course of a few years. The company has been put through the rigger....and in the end it is 'dirty'....but it is capable of getting cleaned up and when it is, the pieces are pretty darn good. GL, B
When it comes to the best companies in their sectors, you rarely get a chance to buy them at discounts...unless the markets in general are getting crushed (but usually that is when people don't have a lot of funds to put into the market b/c it is already there). However, this may be one of those time....I have held a very small position in this name for a few years and got lucky with the buy and never averaged up BUT kicked myself for not buying more.....well, I find myself 'hoping' for a big pullback like I see some of you are predicting. Just remember those of you who are routing for it.....you need to buy on it b/c it will be a BIG OPPORTUNITY!!! I plan to nibble soon. My limit buys are set....but it will take one heck of a gross day for them to hit. Good luck all, B
Split? A split doesn't mean anything other than the stock price gets cut in half while the share count doubles.....it's a numbers game is all. Understand that the dividend gets halved as well. It would be cool if the share count doubled and the divy stayed the same though. Anyway, everybody loves a stock in and around a top....I feel OK letting it go. I do hope to get back in at some point...lower. I think we see a 20% pullback at some point from these prices. Not saying it won't go to 160/sh first...but I do think 105 or so is in the cards as well. In the long run.....I do think GD will have a CAP of 100B....but not for years to come.
I'll been long for 10 years....well, longer. sold at 91 before the collapse (sadly I reinvested and lost right along side everyone else, only a different name) and got back in a couple times. Needless to say, this name has been great. Time for it to be great for someone else though. It has reached some long term trend lines and while it may blast though them....it may fail too. If it goes through them, there will likely be a retest of these levels at some point and I can pick the shares back up. If it fails.....I can buy them back much lower...aka low 100s. Risk/ Reward.....either way, a great company but a pricey stock....finally. GL all, B
What are you thinking when it comes to water? I have been thinking about investing in water for years and just can't seem to find a company that seems to fulfill ideas about what I want. I was considering SJW, AWK, and the likes...perhaps that is the only way to go...thoughts?
so.....are you calm about the other 2000 shares? I have an investment here too, I am not quite as old as you or as young as your 35 mark. However, there is no doubt that the market doesn't believe Littlefield any longer. I've been here longer than you and made money.....well, if these gains can follow through a bit....point is....I am thinking about adding but, I wouldn't 'back up the truck' like you are suggesting. The fact is, gas is cheap right now and it is a good time to buy CLNE but gas has plenty of room to go down.....gas in my area went from 3.58 or so to 3.15.....CLNE went from 9.50 to 6.68.....buy CLNE...sure....buy a lot of CLNE??? Nuts?!? Gas could easily go to 2.50/gal and still make oil/refiners TONS of money. Be careful, B
Oh, I hear you. I'm not to concerned about JANA and their stake which wasn't even close to a whole percent...but....they sold none the less. The price has held stronger than I would have thought....but again, JANA's stake wasn't the whale I was thinking of when I first brought the comment to the board. Great input, thank you Keebon. B
I agree...steel won't be a part of the world in the next century. ARE YOU OUT OF YOUR MIND??? It is a temporary low...only to see a rebound high....to be followed by another low....it's love hate....buy when its hate and sell the love.
However, JANA isn't exactly all that big a holder in the grander picture. They sold there position off though so I am paying attention b/c nobody sells anything unless they think it is topped out. So, at 67/sh I thought it was rich, only b/c it went so quick but I am sort of happy b/c I am hoping to see if the support holds and where it holds at.....if it doesn't hold....I'm gonna be gone too. Will I have lost on 10/sh, yes, but if it holds....those who sold will be supporting the ride back to 67 (no harm no foul). I do think GLNG sees 70 sooner than 56...but I've said things like that before. lol. GL all, B
With respect, if you don't understand how their plan differs from those of DRYS or DSX than you don't belong investing in equities. While I understand that the price action has been quick, more so than I ever thought, it is justified based on the World shift to NG and the need of it from the West. GLNG has a realitively unique strategy that is backed by BIG MONEY CLEARLY!!! The question I have is, "Why can't you see that?" The market cap isn't all that stretched that this point....the market has already made up its mind that it likes the company's plan, its management, and the likelihood of success. If you are still doubting but want in I would personally say not to buy here, hope for a pullback to the upper-50s (which will likely occur at some point), if it holds support levels...buy it up. Or you do what I did with X.....don't buy and just watch it continue to go up and up and up and up and up and up......you get what I mean. But for the love, if you missed it....let it go! Go to X board, you won't see me crying over missed opportunity. Go find the next one and be patient in doing so. Best of luck, B
Hopefully they do an offering the day after the 23% Short Float is done getting squeezed out....the dilution will be muted at that point I would think. GL, B
Yet you supply news that the prices are expected to go up? Even the news that you searched for shows Met Coal recovering. The Moody's report calls the current situation in pricing "unsustainable" as in... Price for coal is going up, not down. I still haven't seen any outlet that is actually neutral project prices getting softer. Obviously, if India is in the market to buy and stockpile they are going to try and negotiate contracts that allow them to buy at low prices over time. They did it with Potash...they are smart, they buy low and try to get contracts at that price so that they can continue to get it as prices recover. This is the same script as what they did about a year or so ago with Potash. This statement by the Indians actually may be the 'bottom' in coal prices.
Where are you getting your news? I would like to read it as well. I haven't seen much of anything current that projects Met Coal going downward in 2015. Actually, Cramer is the only one who I've heard (on CNBC Tuesday morning) who is expecting coal to continue to spiral as a result of cheap NG prices. Well, thanks in advance, B
Ditto....I need to start doing my DD on this company. I got long after buying for a trade (a big no-no according to the talking heads). I did so b/c the company is so darn cheap and my children like the products and I think they are appropriate for them in that they are the perfect balance of fun and educational. But the truth be told, I am breaking many of my own rules with this position, 1st being that I didn't listen to the call but rather just read all the analysis reports 2nd hand. Well, the price action seems good, perhaps another repeat of a quarter ago. Thanks again Warren, B
You have to remember that the downside risk is going to be 'footed' in the mid-50s....I would even say the upper 50s because that is where the stock opened trading the day after the issuance. I'm not sure what you are considering 'huge' but I think you are saying back to the 40s....not likely to happen. I wouldn't say not gonna happen because anything can happen BUT....extremely unlikely unless a major backer steps out of their position and since this is a future growth story, why would that happen?
I'm gonna have to do some digging...this is from the annual report so the next question that begs answering is how much buying they've done, what is the average cost per share, and do they plan to increase the buyback b/c I'd be willing to wager that if they still had the capability to buy up 7% of the float the pps wouldn't be stuck in the low 6s. There is something wrong with this picture....Well, Warren, thank you for your post, B
I'm long the stock for now but I've only owned it for 4 months or so. I'm in the red at 7/sh and it was a stake bought with the intention of adding to it b/c my children like their products and to be honest, they are products that I don't mind them playing with. That said, I want to buy more at the current level. I think the EV is more than 230M. Notice that I didn't say 'should be', I said the Enterprise Value is more than 230M!!!! There's no doubt about it. So with all this said, people may think that I am taking out personal loans to buy long....but I'm not even buying with the cash that I have....and why??? Well, I keep coming back to this....if they aren't buying their own stock, why should I add any? Can anyone here tell me if I'm wrong about this? Is there a buyback and I missed reading about it? If anyone can give me some clarity, I would greatly appreciate it. Thanks, B