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Itron, Inc. Message Board

fishozz 95 posts  |  Last Activity: Feb 24, 2015 10:55 PM Member since: May 29, 2006
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  • fishozz fishozz Feb 24, 2015 10:55 PM Flag

    I smell sharks circling a bleeding whale, I hadn't seen the Vora play, he is way worse than Shackleton, we'll have to watch these guys carefully. Vora and his fund recently are making a play on Town Sports, one of the largest fitness clubs on the East Coast after making a big stock purchase late last year. Some of the these activist investors can be good for shareholders and others steal the golden egg before you know it. OZZ

  • fishozz fishozz Feb 23, 2015 4:53 PM Flag

    Merc:

    You must be referring to Coliseum Capital Management, a hedge fund started and run by Chris Skackelton and his partner in crime, Mr. Gray. Shackleton is the newest ADES Director, I guess that's what buying 11.7% of the company at $20+ per share gets you. These guys have a limited but fairly good track record of buying turnaround companies. However, they have also liquidated at least one company and took off with a controlling interest in the best profit center and left the rest losing portion to shareholders. I hope they aren't planning to spinoff the clean coal portion of ADES and buy it at a bargain and leave us with existing management and nothing to profit from.

    Should be interesting. OZZ

  • Reply to

    Options

    by fishozz Feb 3, 2015 8:28 PM
    fishozz fishozz Feb 4, 2015 6:59 PM Flag

    Thanks, I sold a few call options that are way out of the money at this point so I am probably fine.

  • fishozz by fishozz Feb 3, 2015 8:28 PM Flag

    Does anybody know if ADES will have option trading after transfer to the pink sheets? My account shows ADES options as "suspended trading" , what the heck does that mean? I figure I am fine because I sold call options at $21 a couple of weeks ago but not sure.

    Ozz

  • fishozz fishozz May 17, 2013 3:06 PM Flag

    I'll bet they are sweating bullets with the $1+ a day bumps the last couple of days.

  • Reply to

    new EPA leader

    by mercury.buster Mar 9, 2013 3:35 PM
    fishozz fishozz Mar 11, 2013 2:00 PM Flag

    Interesting opinion in this Sunday NY Times suggesting that if Obama approves pipeline from Canada to the Gulf he'll need to satisfy enviros by getting tough somewhere else like air pollution. New EPA lady could really push that.

  • Reply to

    Mercury Treaty Adopted

    by fishozz Jan 22, 2013 1:57 PM
    fishozz fishozz Jan 23, 2013 1:43 PM Flag

    There has been some talk of requiring pollution limits on coal fired plants in China if they are supplied by coal from the US through ports on the West Coast. I don't know how they could enforce such a requirement but it might be good for us. I also heard that Mercury is a serious component of the air pollution now affecting Beijing. Last year one of our clients reported seeing a power plant up north burning old electrical transformer oil along with diesel which should be just a terrific mix of pollutants.

  • More than 140 nations adopted the first legally binding international treaty on Saturday aimed at reducing mercury emissions, after four years of negotiations on ways to set limits on the use of a highly toxic metal.

    This treaty includes the US and China. Maybe this will open up an international market.

  • Reply to

    so far only see the hefty drop...

    by randolphmortimer1 Dec 13, 2012 7:44 AM
    fishozz fishozz Dec 17, 2012 1:47 PM Flag

    My share repurchase with the dividend occurred in my Schwab Private Client account the evening of Dec 12, the same day the dividend was paid.

  • Reply to

    Capita Gains

    by raguse8706 Dec 12, 2012 5:54 PM
    fishozz fishozz Dec 12, 2012 7:34 PM Flag

    The NAV is based on the value off the underlying assets (bonds, derivates, cash, etc) in the fund. When they distribute the cash (capital gains) to shareholders the NAV goes down because the cash is out of the fund and into our investment accounts or in my case my new boat I am buying to fish the San Juan Islands early next year!

  • At my second quarter financial review this year, my Schwab investment advisors recommended I take some profits in equities and move a little more money into bonds but in a higher risk/reward category than PTTRX. They took small (portfolio percentage wise) positions in Pimco Income D fund (PONDX) and Pimco Emerging Markets Bond D (PEMDX). Both funds have done very well this year. Both funds invest primarily in fixed income instruments and derivates. The Schwab guys believe the fund managers of both funds benefit from Gross’s understanding of the derivatives market. Any thoughts on these two?

  • Reply to

    Div posting dt. on ??

    by riazkapps Dec 3, 2012 10:14 AM
    fishozz fishozz Dec 3, 2012 6:34 PM Flag

    Back 20 yrs ago I dated a gal in NY that worked for a major financial institution and her entire job was overnight investments of interest and dividend float money. During the week she was only available during the day because her work day started after the NY market closed and she worked the Asian and European markets with millions of float money overnight and then cashed out each morning just prior to the market open so all those dividend and interest could be deposited in our accounts. She said there were other people doing the same thing over weekends and it wasn't unusual when the end of the month fell on a Friday for there to be hundreds of millions in play over the weekends. They concentrated on all very safe stuff, inter-bank loans and other similar AAA rated bonds.

  • fishozz by fishozz Nov 28, 2012 11:50 PM Flag

    Well this was expected. They sold the company at 20% under book value after absorbing a bunch of privately held non-producing properties from the CEO/Director. I'm in for the class suit, how about the rest of you.

  • Reply to

    Why Up So Much?

    by mori_cnc_guy Nov 15, 2012 10:20 PM
    fishozz fishozz Nov 26, 2012 12:47 PM Flag

    Maybe the news of the Hong Kong deal got out early.

  • With the latest move into Treasuries I suspect Bill is selling and making a profit on some of his MBSs he bought earlier this year. Could be we'll see a nice capital gains check at the end of the year just before the rates to up to 20% or higher next year.

    Ozz

  • Reply to

    question

    by chitownhustler1961 Nov 7, 2012 4:57 AM
    fishozz fishozz Nov 7, 2012 2:34 PM Flag

    PTTRX pays a monthly dividend. At the end of December the company will issue an "extra dividend" that is actually the capital gains earned on the transactions of the fund.

  • I was listening to an analyst talking about the drop in Zynga this morning. He was valuing the company at their cash and real estate value only at about $1.70/share. He then made the comment that Silicon Valley commercial property values have decline 15 to 20% since they came public so he was even discounting the building and land they own. Not particularly good for us and Mr. Berg in the middle of a supposed sale negotiation.

    Ozz

  • Reply to

    Year End Capital Gains

    by jgd3rd Oct 4, 2012 6:53 PM
    fishozz fishozz Oct 5, 2012 1:17 PM Flag

    It's an interesting question on what Bill will do. He got into the MBS's pretty early and is probably sitting on some higher yielding bonds than are presently available. Will he sell some, take the cash and distribute capital gains but continue the decline in the monthly yield or hold onto the winners let the NAV go up as yield stays low or even goes down (15 and 30 yrs mortgage rates hit another all time low again this week). The problem is there are few alternatives to the MBSs that aren't risky right now like Euro bonds. We'll know in December when we see the cap gain statement. Anyhow, I like our position right now.

  • Reply to

    9/28/12 Dividend

    by izaengr Sep 29, 2012 7:10 AM
    fishozz fishozz Oct 4, 2012 6:33 PM Flag

    For the time being we are going to see returns in the NAV and year end capital gains and not the monthly dividend. Bill has moved into safe bonds with marginal interest but many are the same bonds the fed is and will be buying, mortgage back securities. As the fed impacts the open market with monthly purchases the value of the individual bonds go up, the NAV goes up and when Bill sells them he makes a profit. I believe we are positioned perfectly for the near and mid-term, but look out when inflation eventually raises its ugly head. Its already here in gas and food.

    Cheers, Ozz

  • fishozz by fishozz Oct 4, 2012 6:28 PM Flag

    I don't know how much the individual meters cost, but California is buying a ton of them plus the supporting infrastructure and consultation for the system. This is a big win for Itron. These guys are going places for a small Washington State startup. Energy metering in the wave of the future in smart energy. Ozz

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