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TOTAL S.A. Message Board

c757172 174 posts  |  Last Activity: Dec 19, 2014 10:49 AM Member since: Nov 22, 2008
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  • Reply to

    Cut to sell by Goldman on BK concerns?

    by jctuttle14 Dec 19, 2014 8:38 AM
    c757172 c757172 Dec 19, 2014 10:49 AM Flag

    Cut to sell by Goldman for the purpose of a) cover short positions , and b) enable their paying customers to accumulate shares at low prices.

  • c757172 c757172 Dec 19, 2014 10:29 AM Flag

    This stock has already been to $7. Any reason why you are reposting old and known downgrade of an analyst known to be chasing the share price down with his Price Target?

  • Reply to

    Vale shareholder will going BK .

    by fred_woodstone Dec 19, 2014 10:05 AM
    c757172 c757172 Dec 19, 2014 10:25 AM Flag

    I think that you are an ignoramus who can not read a balance sheet of a company.

  • Reply to

    A director is added while the stock weakens..

    by c757172 Dec 18, 2014 10:28 AM
    c757172 c757172 Dec 18, 2014 10:42 AM Flag

    Meanwhile we have one director , Carinalli, serving on our Board since October 1996 (18 years!). During his tenure the stock has deteriorated tremendously and yet he has been retained. Notably, Carinalli sold 50K shares in late November for about $3.6/ share.

  • {{{SAN JOSE, Calif., Dec. 18, 2014 /PRNewswire/ -- Extreme Networks, Inc. (EXTR) today announced the appointment of Raj Khanna, an experienced industry executive, to its board of directors, effective. Dec. 12, 2014. Khanna is an accomplished industry leader with a successful track record in corporate finance, internal controls and business strategy. He most recently served as vice president of corporate audit for Qualcomm, Inc.

    Khanna's thirty plus years of experience spans leading high technology companies including Qualcomm, Sun Microsystems and Xerox. Throughout his career, Khanna has been instrumental in leading finance and internal audit teams, including the establishment of financial controls and processes, delivering financial investment and M&A guidance, and providing strategy and direction to business model changes.

    "As Extreme focuses on building the business to become a leader in networking, Raj brings an impressive background of financial and business experience as a result of his time working with high tech industry leaders," said Chuck Berger, president and CEO of Extreme Networks. "With his strong financial acumen, Raj will immediately begin his service as a member of the Company's Audit Committee."}}}

    Extreme has been appointing old (perhaps washed out or discarded) executives for VPs and directors. It compensates them with $0 stock awards thus diluting the share count. So far, the market is not impressed and the share price is trending down in a strong market.

  • SAN JOSE, Calif., Dec. 16, 2014 /PRNewswire/ -- Extreme Networks, Inc. (EXTR), a leader in high performance networking, today announced the appointment of Bob Gault to the position of vice president of global channels and partners. Gault will build Extreme's channel partner program into a core element of its growth and innovation strategy. He will implement programs that help channel partners capture emerging profit pools and new revenue streams as Extreme Networks solutions are positioned as the 'on-ramp' to the cloud.

    Gault's appointment follows the transition of Theresa Caragol into the role of vice president of strategic sales initiatives for Extreme, where she will continue to support Extreme's Customers and Channel Partner-first commitment and sales efforts. Gault leads a global ecosystem of 2,500 channel partners backed by Extreme Networks' channel and sales organizations, innovative product portfolio and award-winning service and support.

    "Extreme has achieved a tremendous position with its channel partners during the past two years under Theresa's leadership, having successfully integrated the channel programs of two companies into a strong global channel partner ecosystem," said Jeff White, chief revenue officer for Extreme Networks. "With his unique skills and experience, Bob will further build our channel program into a strategic asset for Extreme Networks and our partners to achieve growth."

    All of these appointees are compensated with generous stock awards but so far to no effect on revenues and profits.

  • c757172 c757172 Dec 15, 2014 9:25 PM Flag

    A total of 85K shares last week.

  • Sold at about $7. 35K by the director, 50K by the CFO.

    Last time there were such significant insider sellings, a bad guidance was given in the quarterly results.

    This company has never rewarded its investors but its management and directors. A travesty of a publicly owned tech company that calls itself "the worldwide leader in video delivery infrastructure".

  • Reply to

    Weak stock action

    by c757172 Dec 3, 2014 2:37 PM
    c757172 c757172 Dec 15, 2014 7:08 PM Flag

    Resumed weak action with large volume.

  • c757172 c757172 Dec 15, 2014 2:30 PM Flag

    Ivano Westin of Credit Suisse on Monday maintained an Underperform rating on shares of Vale SA (ADR) (NYSE: VALE) with a price target lowered to $7.50 from a previous $10.70 due to lower commodities prices.

    Westin is forecasting a “lackluster” steel production with an average nominal iron ore price of USD 73/t in 2015-2016 and USD 75/t through 2019. The analyst lowered his long-term price assumption to USD 85/6 from USD 90/t.

    Westin also downgraded his nickel prices forecast to US$ 17,625/t in 2015, US$ 21,250/t in 2016 and US$ 21,000/t in 2017. Finally, the analyst also downgraded his copper price outlook to US$ 6,800/t in 2015, US$ 6,625/t in 2016 and US$ 6,600/t in 2017.

    With that noted, Westin sees Vale's Base Metal division generating $3.6 billion in EBITDA during 2015 and accounting for 40 percent of consolidated EBITDA of $9.9 billion. The analyst notes that these figures are insufficient for the company to meet its capex plan and financial expenses.

    “On a bottom-up perspective, we believe in the company's commitment to cost cutting and capex optimization aiming to offset lower commodities prices, but we still expect further pressure on Vale's cash flow in the years ahead,” Westin wrote.

    Under a worst-case scenario, if current spot levels for iron ore, nickel and copper remain in the long run, Westin's valuation would be reduced to $3.7 per share. However, the analyst does state that this is “unlikely to materialize.”

  • From $10.5. Chasing the share price down.

  • Reply to

    If you ain't buying------

    by goape4now Dec 12, 2014 11:10 AM
    c757172 c757172 Dec 12, 2014 11:42 AM Flag

    It is a speculative 'buy'. It will double in 6 months if the price of iron is $80+. That will happen only if the expansion of iron supply Is curtailed while demand from countries other than China (e.g., India) increases significantly.
    "Trading way below book": The book value reported by Yahoo is on the high side. Other sources report a book value around $7.
    "Low PE": Not really true on GAAP basis.
    "Pays a dividend": Might be reduced substantially.

  • c757172 c757172 Dec 11, 2014 9:12 PM Flag

    Scary? Not according to the Bank of America:
    "It will take six months or so to whittle away the 1m barrels a day of excess oil on the market – with US crude falling to $50 - given that supply and demand are both “inelastic” in the short-run. That will create the beginnings of the next shortage. “We expect a pretty sharp rebound to the high $80s or even $90 in the second half of next year,” said Sabine Schels, the bank’s energy expert."

    The driller stocks will start moving up about 6 months before the recovery of the oil price, early in 2015.

  • c757172 c757172 Dec 11, 2014 5:57 PM Flag

    Because the oil companies need to replace their dwindling oil reserves lest they merely become refinery and gas station operators. Most of the large new oil reserves are to be found offshore.

  • c757172 c757172 Dec 11, 2014 5:10 PM Flag

    Vale's revenues are in dollars while most of its labor is in reais. The ability to pay its debt depends on its free cash flow in dollars. Because of the low oil price, Vale should save money in transportation costs. Overall, Vale's breakeven for ore delivered to China could probably drop to about $55/ton from its current $60. As long as the price of iron stays above $60, Vale should be still nominally profitable (expenditures for ongoing project development not included). Scheduled debt payment will be from cash on hand and cash from selling assets. Dividends to the common shares will be probably cut significantly but not eliminated. Perhaps, the Brazilian government (a large minority owner of the stock) will do something to support the share price if it continues its freefall.

  • c757172 c757172 Dec 11, 2014 12:34 PM Flag

    However, BHP and its Australian rival Rio Tinto are at odds with many market analysts about the level at which Chinese steel production will peak. China is the world largest consumer and importer of iron ore, which is the key component in steelmaking.

    Henry said BHP believed that Chinese steel production would top out at between 1 billion and 1.1 billion metric tons -- considerably higher than many forecasts by independent analysts, which range down to about 850 million metric tons.

  • c757172 c757172 Dec 11, 2014 12:24 PM Flag

    Dec 11 (Reuters) - Iron ore giant BHP Billiton expects Chinese steel consumption growth to slow next year and has already adjusted its strategy to cope with a supply glut that has caused global prices to collapse, executives said on Thursday.

    "We anticipated the change towards current market conditions and the rebalancing of supply and demand after a period of massive expansion and a time when supply struggled with demand, we saw these changes coming a long way off," Chief Executive Andrew Mackenzie told reporters.

    It is a sign that one of the iron ore majors is scaling back expectations after years of bullishness about Chinese demand. Mackenzie added that BHP had stopped approving new investment in major iron ore production growth as early as 2011.

    Sentiment: Buy

  • c757172 c757172 Dec 11, 2014 9:14 AM Flag

    1. Compared to Rio and BHP, Vale is more dependent on iron ore.
    2. Vale's financial mangement has been poor as the big loss in the last quarter showed.
    3. Vale is very susceptible to the index funds following the Bovespa.
    4. Vale's valuation metrics are indeed much cheaper then those of of Rio and BHP, and they are at historic low.
    5. Eventually the disparities between the valuations of Rio and Vale will be narrowed.

  • Reply to

    Owned for a year

    by sportslover2701 Dec 8, 2014 9:16 PM
    c757172 c757172 Dec 9, 2014 8:01 AM Flag

    In my experience, listening to Cramer might me injurious to your wealth. Vale's fortunes are mostly linked to the price of iron ore and, to a lesser extent, to the Brazilian Bovespa index funds. Vale's valuation metrics are now the cheapest they have been in many years. If its CFO learns from his foreign currency hedging mistakes, and if the price of iron ore recovers to $80, the stock will double in a year or two.

  • Reply to


    by rpal3 Dec 9, 2014 7:15 AM
    c757172 c757172 Dec 9, 2014 7:43 AM Flag

    Excellent reminder.

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