Caught a bluefin tuna 3 wks ago (about 130#) and picked a bucket of fat oysters last week. Nor'easter roared through the last few days so stayed indoors. Life is good. Have shifted into mostly stable Div Growth investments that I don't have to sweat over. Realised that I am not so good at stock picking or market timing. Too many 'moving parts' in ORB/ATK. Retired Amigo.
I'm out of this long-term soap opera/yawner but I learned alot about gold mine development, Venezuelan politics, geography and ICSID. Now I can erase those brain cells or kill them off. Thanks to agtavy, the vet and all others who faithfully and knowledgeably reported on this interesting venture. Maybe I will check out this board from time to time to see what turns up. I'm guessing that any cash received from VZ, China or whoever will be siphoned into insider pockets over the next 10 years. Good luck to holders and sellers and insiders!
Finally out of this long drawn out yawner. Now I can move on with real investing. Thanks to The Vet and others who have reported on this one for years. Good luck to holders and sellers.
Best would be a big cash dividend then shares in the successor business. Taxes and greed will determine it.
Try Cape Cod...miles of deserted seashore, excellent seafood, etc ...but some traffic on the main roads until Sept. (best month). ORB/OA will work things out but I'm not expecting a home run here. BWTFDIK clam
Launch rescheduled to Sunday at 12:52PM. Here's the announcement:
"Mission Update – July 11, 2014
Orbital announced this morning that the launch of the Antares rocket for the Orb-2 Commercial Resupply Services mission to the International Space Station for NASA has been rescheduled for Sunday, July 13 at 12:52 p.m. EDT. Over the past several days, Orbital’s launch team has made great progress in preparing the rocket for the Orb-2 mission, which will be the fourth flight of Antares in the past 15 months. However, severe weather in the Wallops area has repeatedly interrupted the team’s normal operational schedule leading up to the launch. As a result, these activities have taken longer than expected.
Orbital has decided to postpone the Orb-2 mission by an additional day in order to maintain normal launch operations processing. With its launch moved to Sunday, Cygnus is now scheduled to arrive at the ISS on Wednesday, July 16 with grapple by the Station’s robotic arm scheduled for approximately 6:37 a.m. EDT. Cygnus is carrying 1,664 kg (3,668 pounds) of supplies for the Station including research investigations, crew provisions, hardware, and science experiments from across the country."
We got skunked on the fishing (stripers, blues, tuna) but the beverages were good and I took some fine pictures of the Charles W. Morgan, as it sailed out of Provincetown. It was the last wooden whaling ship and it was magnificent to see. Imagine the engineering what went into that ship. It could leave port and return a year later loaded with barrels of oil.
Here's a good engineer's book to read on Friday: "KELLY, More Than My Share of It All" by Clarence L. "Kelly" Johnson with Maggie Smith. He designed everything from the Lockheed Electra prop plane to bombers & fighters during WWII right up to the SR71 "Blackbird". He also started & ran the famous Lockheed "Skunkworks" where they completed and tested new designs under deadline and under budget and solving manufacturing issues at the same time. Quite a contrast with the F35 and other mega "makework" boondoggles. I'll be fishing Friday if the weather holds here. clam
I'll be watching. Don't think the Russkies want to stop the flow of cash they are getting for the motors. But high time US made its own motors.
If this link won't work just google it: http://www.bloomberg.com/news/2014-06-22/pentagon-says-missile-defense-system-hit-target-in-test.html?cmpid=yhoo
Sorry, Tom, I was adressing "Doc's" analysis. I agree that it is a little murky at this time. Waiting for a Seeking Alpha article or something.
Tom, so you are saying that ATK shareholders will own about 2/3 of the new OA? I understand ORB top mgmt will hold some top positions in OA (since ATK top mgmt is going with the spinoff sporting ammo company), correct? Do you know how the BOD will be composed? I assume ATK will have roughly 2/3 of the BOD? Seems like whoever controls the BOD controls the new OA? I'm not saying this is not a good merger (acquisition) as the companies certainly have some strategic synergies (I think). I'll hold to see what happens. clam
It appears that both parties are trying to maintain the viability (cashflow) of Keno Hill for the long term. Short term it looks like AXU will be able to get back into production but I will be diluted due to the necessary $20M equity raise. I think it is better than the alternatives and plan to stay on for the ride. More savvy investors comments?
Alex, maybe you can react to the comment heard recently (OK, it was on NPR) that nat gas produces alot of methane to the atmosphere and that methane is 50 times more harmful in terms of greenhouse effect than coal and CO2. Currently EPA and Obama are fixated on and smelling victory over coal. I am not informed on this stuff and have invested in midstream nat gas and liquids transport and processing via entities such as EPD and ETE. (PS, I also heard that Musk is looking at the sun to solve our clean energy goals.)
But why are the top execs leaving the mother ship for the spinoff? Maybe they expect to make more millions that way.
Is there a news release on the 'stennis failure'? What was it? I also worry about ATK on the basis that I know very little about its business. And of course I worry that Elon Musk will change the game. What motors is he using in his 9 engine rocket? Very small position. ORB does not fit well with my retirement 'Div Growth' portfolio. BWTFDIK, Clam
Low volume; don't get overly excited yet. Until ATK and rocket engines get settled I think we will bounce around. JMHO, clam
I think ATK mgmt is offloading their 'problem' business to ORB and jumping ship to the sporting ammo (fast growth & profits) business. The 'tell' is that top mgmt is going with the spinoff. Solid fuel motors seem to be old tech. See Forbes article: http://www.forbes.com/sites/lorenthompson/2014/05/19/jettisoning-russia-a-four-part-plan-that-assures-u-s-access-to-space/?partner=yahootix.
Not sure what ORB gets out of this 'acquisition' except some short term cost cutting and, of course higher pay for Orb top mgmt. PS: I have no idea what the ATK carcass is worth.