Thu, Jul 31, 2014, 10:19 AM EDT - U.S. Markets close in 5 hrs 41 mins

Recent

% | $
Click the to save as a favorite.

San Juan Basin Royalty Trust Message Board

hotpanera2 7 posts  |  Last Activity: Jul 18, 2014 2:32 PM Member since: Dec 17, 2002
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • hotpanera2 by hotpanera2 Jul 18, 2014 2:32 PM Flag

    Good to finally see some buying above where the stock stood ahead of earnings. It is fully justified IMHO.

    For those concerned about products liability or sexual harassment lawsuits, I'm quite certain that like most companies in the industry, and certainly virtually all of its size or larger, Amnf has significant liability insurance. It is certainly possible for liability in the case of a mass injury to exceed the available insurance, but that is a minuscule risk which I am happy to have assumed since 1995. By the way I practiced product liability law for many years.

    Some have posted about the purportedly high PE for a 10% grower. First, in Q2 EPS was up 15% from Q2 of '13. Secondly, the PEs for consumer staples companies are higher than for cyclical industries because the earnings are much more reliable. That is not a new phenomenon. Few grow at anything like 15%, or even 10% yet have comparable PEs to Amnf. Plus, I would argue that Amnf should have a higher PE due to the possibility of a sale of the company. General Mills is not about to be sold. Finally, a good dividend which is growing regularly -- that is key -- and interspersed with specials from time to time, makes Amnf unusually attractive. I believe that the targets set forth in the Financial Acceleration write-up are not pie-in-the- sky and are very achievable. Nothing is guaranteed, but I wouldn't have 178K shares if I didn't strongly believe in this company.

  • Reply to

    Q2 reported - a record

    by bellbell63 Jul 16, 2014 11:07 AM
    hotpanera2 hotpanera2 Jul 16, 2014 11:18 AM Flag

    The results are extraordinary. A 15% increase in EPS is wonderful given new product introductions and the stated and understandable need for increased promotions. A dividend increase and/or special seems likely.

  • But it is very unusual for the bid/ask pre-market to be different from where it was when the stock closed, let alone to change several times, all higher as best I could tell.. It is presently 1.92/1.94.

  • hotpanera2 by hotpanera2 May 23, 2014 2:33 PM Flag

    There had been a large asked at 1.69 , over 40K. I get off the phone and it is all gone with a huge block of 32,474 share at 1.61 having at 2:14 P.M with other sales ahead of it. We're now at 1.69/1.70. Somebody got a huge bargain. I only got 500 at 1.68, not having had any orders in when the sale occurred.

    Hopefully, the selling is over. It makes no fundamental sense IMHO. The earnings and Disclosure Report were excellent and the stock has become cheap on a valuation basis. Plus, at 1.70 the dividend (without any possible increase or special) is 3.8%.

  • Reply to

    Nice bid out there

    by wrb335 May 15, 2014 1:38 PM
    hotpanera2 hotpanera2 May 15, 2014 2:44 PM Flag

    The bid may be due to the filing of the Q1 Disclosure Report today. Here are a few highlights.

    Cost of Goods Sold was down 1% compared to Q1 last year (p.26).

    Cash and cash equivalents were way up compared to 3/31/13:

    .$ 2,847,854 as of 3/31/14 compared to $1,509,869. as of 3/31/13 (p.14)

    International Sales rose to 14% of sales in Q1, compared to 10% a year ago and international sales were reported as strong in Q1.

    The sales pipeline and cash position "currently remain strong".

    I see no negatives at all in the report.

    It is nice to see that even though there is a very large bid .02 above yesterday's close, nobody is biting. Perhaps the tide is turning. We can only hope.

  • Reply to

    Big seller taken out near close

    by bellbell63 May 9, 2014 4:07 PM
    hotpanera2 hotpanera2 May 9, 2014 4:08 PM Flag

    Or if there are buyers at even higher levels.

  • About 60K shares traded in the last 3 minutes between 1.80 and 1.82. Amazing recovery from the depths on Thursday, and evidence that somebody is out there who thinks the stock is going higher. I couldn't agree more.

SJT
17.48-0.11(-0.63%)10:15 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.