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Amgen, Inc. (AMGN) Message Board

gopher_catcher 9 posts  |  Last Activity: Jun 25, 2014 11:17 PM Member since: Oct 31, 2012
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  • Reply to

    New to Hormel

    by gopher_catcher Jun 10, 2014 11:28 PM
    gopher_catcher gopher_catcher Jun 25, 2014 11:17 PM Flag

    I didn't buy it for a fast return. It appears company will provide increasing dividend payouts regularly and some capital appreciation over time. The total return should be really good if it is held for a decade or longer. If it gets bought out for cash, I'll have to find another food company. Conagra was second choice to this at this time. Good luck to you too.

    Sentiment: Hold

  • I saw the ownership break down for the Cameron LNG. Sempra does not have enough percent ownership that they can spin out the enterprise and keep enough to control the operation. If that is correct they should split the stock. It just appears bad to the utility residential customer to see the stock price high. This will especially be true as more the California government mandates force the electric costs higher.

  • Reply to

    law suit

    by gopher_catcher Jun 20, 2014 10:38 AM
    gopher_catcher gopher_catcher Jun 20, 2014 12:41 PM Flag

    Yes, the trustee has nothing to say about the quality of the asset buying, or selling it. That is the owners choice. The people who are bringing suit are professional "investors" if they don't know and understand the value and risks associated with an asset they purchase, there is no one to blame but themselves. This is pure extortion.

  • gopher_catcher by gopher_catcher Jun 20, 2014 10:38 AM Flag

    What's with the deal of the law suit by Blackrock and PIMCO? Gross was a typical pig buying the Fannie Freddie debt at a huge discount when the crises hit then he told congress they couldn't let these institutions go broke. He made a fortune for PIMCO by doing this. Where are all the suits from the previous holders of that debt that Gross bought from. When your a professional and you lose you blame someone else. This is just too bizarre. USB was well enough run it would have survived the without TARP. The very people who are suing would have lost it all. Now there after more money from people simply caught in the stupid rules from the government, the actions of criminals conducting mortgage fraud, and greedy gamblers posing as investors.

  • gopher_catcher by gopher_catcher Jun 10, 2014 11:28 PM Flag

    With the Tyson buyout of Hillshire, I needed a new food company in my asset mix, and bought Hormel. Hormel appears to be a good choice. Are there any long term holders who have any feelings about the company's prospects? The financials as presented on the company's web site appear very good with only a relatively small unfunded pension liability as an issue. This company appears to be capable of increasing dividends regularly going forward. This message board is pretty quite. My past experience with this has shown quiet boards companies have good management, and profitable growing businesses.

    Sentiment: Hold

  • Reply to

    $100 / share Time for a 2:1 stock split

    by metalmeister79 May 7, 2014 6:38 PM
    gopher_catcher gopher_catcher May 7, 2014 10:17 PM Flag

    I like the idea if a split. However, if Sempra spins out 49% of LNG as a MLP, the new shares would reduce the SRE price stock by 30 % probably, then stock would be $ 60-80 before the split $30-40 after. If they go the MLP route, splitting isn't as attractive as it is now. The prices I'm stating are just guesses based upon how much the stock has gone up since the LNG export became such an apparent big future revenue source. If you're a dividend income investor, the bigger concern is how much future revenue can be delivered to share holders rather than the share price. I trust the Sempra management to choose the right path.

    This thing has had way more than its share of major problems for boring utility investment in the last 20 years. The bogus emf scare, being caught in the electric power mess caused by the Enron fraud, the gas price fixing complaint, the wild fires, and now days the San Onofre issues, add to that all the green and renewable rules, the safety measures, and some of the social initiatives. The management has done a remarkably good job of finding a successful path through this.

    Sentiment: Hold

  • Reply to

    Sempra MLP by 2017 ?

    by ombogat2000 Apr 21, 2014 8:38 AM
    gopher_catcher gopher_catcher Apr 21, 2014 9:20 PM Flag

    I saw an article about that too. If they go to a MLP, Sempra will hold the controlling interest probably rather than spin it out completely. Sempra itself will probably still exist as it is. This probably a great way to provide cash payouts to investors both in Sempra and the MLP while keeping the cash from the regulated utility for flexibility as the regulatory and customer base evolve, e.g. home solar installations and renewable energy sources. The tax filing burden is not that bad. They would send a k1, and if you use a tax software program, just go through and put the numbers in step by step. If you sell it after holding some years, the basis cost computation can be annoying. If you want the investment for income there would be little reason to sell it unless the fracking is short lived. The demand for natural gas is just going to increase as CO2 reductions are mandated. Good luck.

  • Reply to

    Anyone think SRE will do a split ?

    by gspingel Mar 24, 2014 12:34 PM
    gopher_catcher gopher_catcher Mar 24, 2014 11:12 PM Flag

    The stock price is high enough to support a split. I think it would be a good idea in part to lessen the belief that many SDGE customers have that they are being vastly over charged. These people do not see the increased costs the utility has in complying with renewable energy mandates, safety mandates, and programs for poorer customers. The majority of the increase in the company's value from its LNG initiatives is probably already reflected in the stock price. If it splits now, it may well be another 20 years before it splits again as it has been about that long since the last split. Customers who see a stock price less than $50 are probably less likely to feel over charged than when they see a stock price of $100. For buy and hold investors, the stock price has little meaning before and after a split. Traders undoubtedly prefer lower prices as it should be easier to get larger percentage moves out of a lower cost per share stock. I think it will split.

    Sentiment: Hold

  • gopher_catcher gopher_catcher Mar 14, 2014 12:35 PM Flag

    Only the people who made the decision know, but I think it was to offset the release today that this quarters numbers would be lower than expected. It's nice to have the increased dividend, but in the whole purpose of holding General Mills for a life long investment it will make little difference. As long as the company makes the right decisions of putting the customers' needs and wants first, treating the employees the best they can, and keeping the shareholders interests in focus, the company will continue to be a great investment. Traders can make a lot of money quickly, but sooner or later their luck runs out. True investors who want to own a part of a business eventually gain if the management follows those simple concepts.

AMGN
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