Sold some MPC and have add'l sell orders assuming it still has some run with the low PE, projected growth with refining capacity increased and geographic advantage vs some other plays. Any thoughts? Also sold MRO @34.84 after enjoying long term ownership prior to the MRO/MPC split since the PE is high vs competitors.
I recently sold MRO @34.84 after a pre split ownership. Sold some MPC and have add'l sell orders assuming it still has some run with the low PE, projected growth with refining capacity increased and geographic advantage vs some other plays. Any thoughts?
I've been a long term holder of SCCO and did well including the surprise dividend end of 2012. Sold positions around 40 and rolled part into FCX with limit orders to buy on dips. Any thoughts. FCX has lower P/E and got beat up after news of M&A activity.
Any opinions as to which is better and if now is a good entry point. What is the typical cycle for coffee futures? Is it generally two years with the harvest cycle? Articles say prices are low so adding capacity is not economically feasible and demand is up in emerging markets ~ I plan to roll the dice. My thought would be to sell 20% @ 35% increase, 20% @ 50% increase, 25% @ 60% increase & the balance @ 75% increase. Still well below the previous peak.
Jim Rogers says Putin now gets it and wants to leave a legacy of prosperity in Russia!?! I'm willing to throw a couple shekels at the probability. Just lookin for a safe entry point~
Does PPL insure for costs associated with hurricane damage? Will earnings and the stock price be negatively impacted by Hurricane Irene?
Yahoo Finance page shows MPC projected 2011 & 2012 earnings @ $6.06& $5.30/share. Besides waiting for the Aug 2nd earnings call, any confidence the projections are accurate. Same for MRO projected 2011 & 2012 earnings @ $4.25 & $4.27/share. If P/E is 7+/- and both companies also pay dividends, it sure seems their is upside! Any thoughts?
Yahoo Finance page shows MRO projected 2011 & 2012 earnings @ $4.25 & $4.27/share. Besides waiting for the Aug 2nd earnings call, any confidence the projections are accurate. Same for MPC projected 2011 & 2012 earnings @ $6.06& $5.30/share. If P/E is 7+/- and both companies also pay dividends, it sure seems their is upside! Any thoughts?
for what it is worth........here is my guess......40.24/1.5 = 26.83/share is cost basis for both MRO & MPC with double the number of shares of MRO.
Also, Yahoo Finance has 2011/12 earnings estimates for both MPC & MRO and if they are accurate, looks like some big upside from where we are now. I was thinking of selling a portion to get my initial investment back but I'm now going to wait to see if we get a run up and then cash at least half in! Both stories seem intact.
Mordo ~ you nailed it in your May 10th message on the CNY blog. Hope you took your own advise! Any new recommendations?
Ever hear of cutting expenses rather than raising taxes.
Ever hear of needing $ to invest to create jobs.
Our political leaders in general tend to spend any revenues generated by taxes ~ so in a good economy spending rises and when it slows down we get a mess. We must decrease spending for our children to have a prayer of prosperity. Every gov't job is a tax on the economy and productivity.
Many are neccessary & I am thankful but a significant downsizing is critical for our society and generations to be properous! Enjoy!
Where did you find that they are doing a new stock offering?
What price is it being offered?
How many shares?
What is the purpose of the stock offering?
Do lower generation prices mean lower earnings? I read that PPL historically trades at a 20 PE but right now under 10 ~ any thoughts as to why?
Yahoo summary page says ttm earnings are $1.34 a & 20 PE.
Yahoo analysts page says $2.85 2010 earnings which is a 10 PE. Was there a one time write off? Also, does lower generation prices in early 2011 mean lower earnings for PPL?
During the three months ended March 31, 2008 the Fund conducted a repurchase offer commenced on February 22, 2008 and expired on March 14, 2008. In connection with the repurchase offer, the Fund purchased 2,125,838 shares of capital stock at a total cost of approximately $93,583,625, less a 2% repurchase fee of $1,909,853. Who gets the repurchase fee? I hope it is reinvested cause if it is not, that would be double dipping by the manager and if all funds operated that way the returns would be so low that few would invest in them.