Would sure be a BEAUTIFUL thing if GE pulled a few BIG bunnies out of his hat and delivers them at the shareholders meeting. Possible, but no idea how probable. Announcing a JV would be one. Selling the entire pipeline would be another.
Yes, amy company is at the right price... yet jp makes good points that were covered on call. Flip the coin and you never know when a Exxon or STO or others change their minds and pursue.
Please don't be so hard on yourself... very few people saw the the crashing prices of oil and gas coming. As for GE... I would hate to call him a liar and I will not. When he speaks he can be VERY convincing and I hope he speaks with integrity above all else or more shoes will surely drop. He has been on Quarterly calls, Mad Money/TV, called special press conferences to address bashing, etc and think he is basically being a straight shooter when he does. Prior to MHR he had a good reputation and for many people like him he wants to stay in the power circle and all to brings with it... and probably build a bit of a legacy...
More likely, he is so confident that his baby MHR will still grow to be a teenager and an adult that by drinking a little too much of his own Kool-Aid that he gets too optimists about the dates for turn around events he has shared. I've been long and like others here, I'm disappointed and worried about where we sit at $1.85, who in their right mind wouldn't be. I own a lot of MHR. At this point, I'm inclined to hope that they sell the entire pipeline to reduce debt and bank some cash. Unless they can sell the balance of related oil properties at something less than total foresail prices.
Just thinking out loud with out coffee. Never met anyone join this board, but give most the benefit of the doubt that what they believe what they say - that's is after I've used the ignore button on the obvious suspects.
Best wishes to all longs.
I know what their CEO says about streaming, but I still think that pulling out too sone may end up being a very big missed opportunity someday.... who knows more likely Amazon, Twitch, Sony and others cover that.
First of all, I don't own a video game station or games. However, I've been to there stores and PAX... the folks who go there like to browse and be social during their purchases. The staff at every store i've ever been to has been very knowledgeable and attentive... and its sort of like a Cheers Pub for gamers. In fact, that's what they could also branch into.
Question. I think gaming is an industry that will continue to explode and streaming is key. Yet CEO says serious gamers won't stream from home because of latency/lag issues. Says their 40M customers were polled last year and weren't ready for streaming so they canceled their service. I'm a bit conflicted... this GME stores are great, but that things like sony streaming and Twitch will drive more to streaming games faster and that the small amount of latency won't matter to the vast majority. Only in at about 25% of what I might buy in Game Stop... and own equal amount of EA. Serious feedback would be appreciated.... thanks
I have a substantial amount in energy holdings... honestly too much in energy and drillers. I have no doubt that half will do well long into retirement... Others, who knows??? For my situation, I would welcome any consolidation in this space, but it hasn't happened yet... perhaps it will, but certainly not for the price and premiums being tossed about over the past five years and prior the past year's oil and gas "war" (for lack of a better term. I recall GE saying how if we sell it would not be before we are in the 20s and we are a long way from the 20s. He said that when we were 3-4 X where the PPS is now. None of us here can predict the future. This could go to zero like any company... no one company is immune. Still GE has his reputation and MANY millions on the table that I'm sure he doesn't want to see evaporate into worthless paper if he can possibly help it. Maybe we go to $0, maybe we go to $4-6 and maybe we go to new highs and 20s someday.... only time (hopefully lots of time) will tell.
Best to longs
My largest and now only two holdings in this area has been Lockheed, followed by General Dynamics.. I've held both for ~ 20-25 years. Some in the L-Sanders days and sleep well owning them. I've also done business with both and really enjoy the folks I've met at Lockheed, Texas where they do a lot of stealth fighter work.
Full discloser... nine months ago, while consulting for a start-up operating in stealth mode, I reached out to KTOS concerning some cool technology that I thought they might be excited about for use within their MIL/Aero/Defense and security groups. Sadly they never responded to my two inquires. Dealing with the federal government and contracts isn't what it used to be years ago, but still...
This has gnawed at me, especially as a shareholder. And had some influence on my decision to sell now. Maybe I let my ego get in the way, but nothing frustrates me more than seeing the way companies that deal with the government operate in this day in age. No wonder this country is innovating less and less when it comes to meaningful technology. Perhaps if I was selling them a reality TV show or video game or some App, they'd have welcomed a conversation.
Hi bidnow.... Thanks for the sorry and no worries!
I went back a read what I posted a few times to make sure I hadn't stated something incorrectly. Lately, I've been paying myself, reducing exposure to riskier holdings, and raising cash.
Hope you enjoy a relaxing summer.
I don't understand you comment. I'm not the greatest at math, however, purchasing KTOS in approximately 10 blocks of various quantities in 4s and 5s (a few 6s) since ~2012 and selling ALL of those shares three times at 20-80% profits.
Recently buying at 80% of my recent purchase near 4.20 range and 20% at 4.80 - 5.05. Sold ALL for 5.75-5.81.... never lost a dime on KTOS.
I didn't stay as long as I had originally hoped this time, because I didn't like what I was seeing and hearing from CEO of late and I felt less confident about the quick run up. How is that buying high... selling low? Don't understand your point.
Out of KTOS. Sold shares from low 4.20-4.35 and 4.80-5.05 for 5.75-5.81. Wanted to hold for 7-8 again, but tone of CEO on last call didn't set well with me. Could run and do fine, hope so for longs. Might get back in if markets correct this summer/fall and KTOS is 4s or new lows and their is more clarity. And if I miss them going to the moon so be it.
KERX did a lot to prepare in advance of A's original FDA approval, but more is now needed.
Getting insurers to accept and then pay is a key area that they are making good progress.
Getting commitment from major treatment centers to promote A for new patients is MUCH needed. This groundwork was likely started before approvals, subject to approvals. How quickly this ramps is very important, but we won't really be able to tell for a few more quarters.
Getting commitment from the medical community that they will be shifting existing patients from X and Y companies' drugs to A is another key area that also takes time.
We need more runway... another quarter, likely two Qs to start to take off.
I am grateful and relieved we have an approved drug and possible ways to expand its uses...
Future is bright for KERX, we need to crawl before we build strength to run to high teens, then 20s, then 30s and beyond.... BO or no BO.
Best to longs and happy Memorial Day!
On the last call, CEO said they care about weekly, BUT they are FOCUSED on monthly and quarterly trends. This leads me to think he doesn't see anything big jump this week or over the next several months.
GE certainly has been walking a tight rope the past year. When he is on, and he usually is, he does into a lot of details to address bad press about the company. He is very, veRY, VERY convincing and the future looks bright.
However, these are the times leaders really earn their pay. Bottom time: its time for GE to put up or shut up. I own a lot of MHR and I have been very optimistic over the years, but yes, my patience is wearing thin these past several months.
Can't give you advice, as I don't know your situation... overall portfolio, risk tolerance, etc.
I only invest in companies like SNTA realizing they could go to zero. I was in/out twice a few years ago and took fairly quick 30-40% returns and got back in high 2s, but only a small position. I sleep much better with GILD and CELG. I consider SNTA highly speculative. It may do well and I might add a little more if markets pull back this summer and this gets to 1s again.
Nice find and thanks for posting. All this encouraging, expect the new CEO stepping down so fast like a medical officer did a few years ago after VERY short time is worrisome!
I've been in MHR for a long while. I haven't heard many CEO's over the years, in any industry, more confident and convincing during conference calls and interviews than Gary. I believed him a very long time. I haven't lost trust yet, but his talk gets cheaper by the week, month, and quarter as our PPS dropped from $8s to under $1s.
I want to believe, but I actions and results that matching his actions.
CEO usually sounds a little cocky on calls, but on this Q call sounded like he had his wings clipped among other things. I'm worried... has the CEO been sited since the call? He said many times how excited he is about this and that potential bid, contract, more government spending, etc and yet his tone sounds like he suffers from depression and was about to jump off a bridge.
All is well though, as he educated me about the Internet of Things and implied how GOOGLE will acquire the company for one or one stock swap. And I thought it would be Raytheon for only $200 a share.
Maybe I'll add in the 4s. Maybe not. Maybe. I don't know. I used to be indecisive. Now I'm not so sure.
Everyone - enjoy a wonderful summer!