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Grupo Casa Saba, S.A. de C.V. C Message Board

hrosenldgt56a 5 posts  |  Last Activity: Nov 23, 2014 9:34 AM Member since: Feb 14, 1999
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  • Reply to

    new contract

    by hambalaya Nov 13, 2014 9:14 AM
    hrosenldgt56a hrosenldgt56a Nov 23, 2014 9:34 AM Flag

    I have followed this company for years. The contract sounds wonderful as did other contracts in the past. However, the problem still lies in the execution. Will GLDD make a profit here? How competitive was the bidding process? How good a handle do they have on the situation? Maybe accurate bidding is just too difficult. Admittedly, with their expertise in this area they should know what they're doing. This problem is not only with GLDD but is endemic to the E&C industry. For instance, look at the track record of KBR. Maybe I'm too skeptical after being burned b y E&C investments in the past but I feel more comfortable with investments in the suppliers to all of these companies. It's the old "selling shovels to the gold miners" theory. This spreads the risks. JMHO.

  • hrosenldgt56a by hrosenldgt56a Nov 1, 2014 10:04 AM Flag

    ….because of competition from WalMart in the US-to-US money transfer category. This area only represents 8% of WU revenues so, at the moment, the problem seems company specific to MGI. What are the chances that WMT expands this program internationally? What would be the risk to WU?

    Sentiment: Buy

  • Reply to

    Pause for Lawsuit

    by sugarfox98 Oct 3, 2014 3:58 PM
    hrosenldgt56a hrosenldgt56a Oct 6, 2014 6:43 PM Flag

    Could you please explain why. Thanks.

  • Reply to

    Pause for Lawsuit

    by sugarfox98 Oct 3, 2014 3:58 PM
    hrosenldgt56a hrosenldgt56a Oct 5, 2014 4:07 PM Flag

    I missed it. Maybe stupid but I don't think greedy. I was just trying g to find some higher rate tax-deferred income. What are the tax implications of KMR dividends? If each stock distribution is not taxable what are the implications for KMR of the takeover? Where were you with the advice ten years ago when I needed you? Good luck.

  • Reply to

    Pause for Lawsuit

    by sugarfox98 Oct 3, 2014 3:58 PM
    hrosenldgt56a hrosenldgt56a Oct 4, 2014 10:14 AM Flag

    Hooray for this lawsuit. As an MLP holder for YEARS my cost basis is nil. As part of long-term estate and tax planning I wanted to leave KMP here after I went to the far beyond. My thinking: collect tax deferred income while I walked the earth and with my demise my heirs got a stepped-up cost basis. Mr. Kinder may not care about this and, given the nature of the markets, he will probably get his way. At the least , I hope that the lawsuit might push the deal into 2015. After years of the biggest concern being the government changing the tax laws on MLP's, it came as quite a shock to see management pulling the rug out from under its own long-term holders. So much for the "best laid plans of mice and men."

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