Puerto Rico currency is US Dollar. Banks are FDIC insured. BPOP won bank of the year award from banking indutry for her soundness of operation. Asset quality.
Highly unlikely they own any PR debt given their intimate knowledge of Puerto Rico. They also have sizable US mainland operations because of PR emigrants here.
Loan default by PR not expected to harm PR economy. Freed from old debt. They will be able to borrow money again.
this looks like a good report. 8400 new PrismTV customer. Business data grew 12.5%. At this pace they can actually grow revenue in 2016. This is the only thing thats important. New revenue source outpacing declining legacy business. Dividend is safe . Broadband demand can only increase now that wireless bandwidth is congested. More VDSL more Prism.
At 8% dividend. Its worth a long term hold.
Rockies Express pipeline opened this week. Spectra pipeline to the Gulf Coast and export through Cheniere terminal by end of the year. Obama shutting more coal plant = more nat gas power plant.
Things are finally turning around for nat gas in this country. CHK will be first to benefit. We can get nat gas to $6 CHK will be worth $30. Buying today at $7 is a gift from heaven.
They have plenty of cashflow to both pay down debt and pay dividend. And buyback shares. Their infratructure is all paid for. Few capital expense.
The migration to 4G drew lots of customer away from landline companies. This will cease as bottleneck build up on those cells again. Cell providers will bundle their service with landline someday to relief congestion on their network. CTL will be hot property again.
Too early to buy. Wait for $5.
Iron ore will recover. Soon.
If not US protective tariff will help American steel makers.
China soon to launch new construction project after this stock market melt down.
Win Win Win situation.
There are not enough cell bandwidth for internet video streaming. The providers have to ally with landlines to take congestion off their network. To draw customers from competing cell providers. . SatelliteTV also need a partner to provide complete package.
I think landlines will be hot property again in 16 or 17.
Sentiment is reaching extremes. bottom fishing time .
Look at Windstream and Frontier. Both went through years of revenue decline. Both are stabilizing. Both repported earnings beat this week. Both pay big dividend, announced share buyback as well as CTL.
Wireless bandwidth bottleneck will force the wireless providers to bundle landline service to the home. That doesn't happen the satellite TV providers will buyout landlines to compete with cable internet TV.
I'm counting on Saudi Arabia become a war zone 2016. Oil to $150. ISIL attack killed 15 troopers last week. Hundreds more arrests.
There is no end to this escalation.