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Silver Wheaton Corp. Message Board

contraindicator 13 posts  |  Last Activity: Aug 31, 2014 6:56 PM Member since: Aug 14, 1998
  • Reply to

    Institutional Ownership

    by contraindicator Aug 31, 2014 11:18 AM
    contraindicator contraindicator Aug 31, 2014 6:56 PM Flag

    My guess after doing more research is - a combination of its relative low revenue (which might exclude some institutions from purchasing shares due to their requirements for fiduciary responsiblity) and the MLP
    nature of this business. Noteworthy that a company listed as one of its competitors, Exterran Holdings, as a nearly 90 percent institutional ownership AND a significantly higher revenue stream (and for the most part, no one conversing on its message board ! )

  • contraindicator by contraindicator Aug 31, 2014 11:18 AM Flag

    10 Percent. What financial's exist which do not attract more institutions?

  • contraindicator by contraindicator Aug 31, 2014 11:12 AM Flag

    Income Statement from 11/12/13 years show cost of revenue as 53k/57k/68k and
    gross profit of 42k/51k/53k.
    What explains the higher relative increase in revenue costs which slowed the growth in gross profits
    from 2012 to 2013 as compared with 2011 to 2012?
    Are 2014 and 2015 expected to have profit growth?
    I showed the numbers to a friend who questioned the item discussed here. I didn't have an answer!

  • contraindicator contraindicator Aug 19, 2014 3:35 PM Flag

    Same thing happened to me with another stock I sold a few days ago. No immediate need for the money, just told myself should that stock go up a little bit, I would be out after watching it do nothing for a long time, with little hope of it going up and it being given a rating of "4." After the sale and watching the stock move up, I realized I should have followed the recommendation of just as one should not buy alot of shares at one time, to also not sell all at one time. That way you can be either half right or half wrong. Some prefer to throw the dice, but for us conservatives, second guessing ourselves on our moves, that approach allows us to feel more comfortable with our moves. Buying or selling all at one time is another way of "trying to time the market."

  • Reply to

    Cramer

    by airlease2000 Jul 30, 2014 7:15 PM
    contraindicator contraindicator Jul 31, 2014 2:59 PM Flag

    Up until this morning PHT has been strong, trading at a premium to NAV, same monthly div since 2002. Conference call today's info - no guarantee on same div after a year or two. DYODD.

  • contraindicator by contraindicator Jul 27, 2014 2:27 PM Flag

    three days ago there were articles dealing with the replacement of tank cars carrying crude oil that were older than two years. Shouldn't this news have given TRN and others in the sector a big bump up? Or is this something to occur later, as orders will not come in for awhile?

  • contraindicator contraindicator Jul 25, 2014 9:08 AM Flag

    Important distinction as you say between variable and constant rate MLP's with respect to distribution. What makes them such other than what they distribute? From what I gather, in order to maintain a constant distribution, as you say, secondaries are issued to maintain the distribution (resulting in dilution and possible lower book value?).
    It seems straightforward, therefore, unless there are other factors, that unless a secondary is issued, capex cut into revenue available for distribution, and if the amount for distribution is maintained from the previous quarter, even though there has been an INCREASE in capex (and there would have to be to make this arguement logical), then that would be a positive sign. The question is, what was the capex that cut into money available for distribution?
    Wait until the "analysts" give their interpretation of all of this!

    (I believe HCLP is also another "variable" distributor.)

    I have other MLPs primarily for income (some of which have also appreciated greatly, such as ETE, but hold HCLP and EMES primarily for capital appreciation. Getting a distribution
    is secondary, and a motivating factor for investing versus choosing another stock for appreciation alone.)

  • contraindicator contraindicator Jul 24, 2014 9:41 PM Flag

    Good discussion to provoke clarity on understanding the business and finance and investing.
    Not sure about this, but as an MLP, is such a company required to distribute a certain percentage or is that amount determined by management, which then gets reported as the "coverage ratio?"
    I thought the comment made by bdarameme referring to funds being diverted to capex for new mines thus reducing available money for distributions was enlightening. If what the poster said is true (and one would have to dig into the 10k and/or10q
    to learn of how the company is spending its money, i.e. operating expenses), then investors must view EMES as growing revenue, not just translating more revenue into more earnings and distribution growth. Would not the book value be a more accurate indicator of the company's worth than distribution growth?
    The upcoming earnings call will give us a better idea of the company's future, which some on this board have proclaimed look very bright.
    Long on EMES, HCLP, and SLCA.

  • Reply to

    Dividend & yield

    by kisco62 Jul 3, 2014 9:58 AM
    contraindicator contraindicator Jul 24, 2014 4:32 PM Flag

    oops! NRZ is NewCastle's (NCT) spinoff. Sorry for the confusion!

  • Reply to

    Dividend & yield

    by kisco62 Jul 3, 2014 9:58 AM
    contraindicator contraindicator Jul 24, 2014 4:21 PM Flag

    I assume you calculated a div of .15fro NSAM from some reliable numbers. At the current price of NSAM, a div of .15 maintained for the next year is 3.2%. NRZ is yielding over 10%.
    The question is, which of the three holdings (NRF, NSAM, NRZ) would give you the best
    overall return?

  • Showed numbers of NRF's operation to a person with somewhat of an accounting background and he
    interpreted the negative numbers referring to capital expenditures. income before taxes, and other figures showing debt refer to NRF having had made investments whose return was negative and whose cash flow depends on borrowing more money. He concluded that the numbers do not indicate that this company is "making money" without borrowing more money to cover the dividends. I do not have the expertise to counter his arguments. Based on Dar 200's confidence and ability to give a more positive future for NRF I continue to hold and think of buying more, but I do wonder about those negative numbers in the "income statement" and "cash flow" and wonder if they are matters we should look upon as potential "red flags."

  • contraindicator by contraindicator Jul 6, 2014 12:40 PM Flag

    dar 200 - with you recent comment that you anticipate NRF's dividend (for August 2014) to be in the
    neighborhood of .50, looking forward, relative to the major MREITs (including AGNC, NLY, etc), is the
    inference, that if an investor wants both income north (no pun intended) of 10 percent AND capital
    appreciation, then it makes more sense to put funds with NRF vs. the major MREITs whose underlying
    stock value would more likely drop (not to mention the preferred stock value) if the 10 year increases
    more and inflation kicks in more (unlikely for another year).
    For REITs, I do hold NRF, but the majority of my REIT holdings is with the MREITs. Based on your analyis,
    I can't help but think it would be wise to shift more money into NRF from the MREIT holdings.
    (WMC has been a big disappointment., but am glad the div was not reduced. Many REITs recently have maintained their div level.)

  • Reply to

    Rights offering

    by malibu9255 Jun 4, 2014 10:21 AM
    contraindicator contraindicator Jun 23, 2014 3:35 PM Flag

    What seemed a gamble to me is that the way the offering was explained is that the shareholder is committing to buying at a price to be determined in the future, albeit at a discount AT THAT FUTURE PRICE. Sort of like being told you are being given a discount at a price that is not under your control.
    This sector has not performed recently and I am disappointed at how these stocks, ETFs, closed end funds, etc. have performed. I didn't even buy at the "top." This has been one of the poorer performers in my portfolio. Had stayed away from this sector from years.
    Discounts are great when you have more knowledge regarding the price your newly purchased shares will be bought. With this offering, I do not have a good feel on what price the shares will be purchased at.
    What happens if the price should go up prior to the offering, you get your new shares at the "discount," and then the stock corrects?
    Guess the important question is "are you planning on buying more shares anyways?"
    If so, then getting them at a discount is well worth the price.

SLW
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