LMT mgmt makes payroll decisions based upon current and future business conditions.
LMT is a firm that operates to generate a profit and produce military and tech systems
for its customers.
Employees must understand the competitive and changing nature of LMT's business.
LMT mgmt , shareholders, suppliers and employees must be prepared for the risk of future
change. The $ 141 + you mention is not guaranteed in any way......
2013 was a good year for all connected with LMT. All should be thankful for the success.
Zero guarantee it will occur again in 2014, though. LMT is NOT a welfare state.
Janus Capital states that the estimated 2013 distribution for the "T" shares of Janus Venture Fund.
Should be approximately $ 9.46. It will be payable in the middle of December.
SDRL fundamentals are good. Revenues are up. Rigs are coming
on line on schedule.
Who really cares what one analyst thinks .....? Its only his opinion.
I like SDRL even if it had only a quarter of its current payout. The
share price for SDRL in 2015 will be much higher than we see today.
One SocGen voice does not change the business plan of SDRL.
LMT at $ 350....?? No way.
At least not in the next 5 years.
Have you calculated a P/E or a P/sales metric at your crazy $ 350 price...?
It would be wildly higher than BA or NOC at a $ 350.....even given 2014 EPS.
It you are going to pump the stock you should at least have a reasonable bull story for
your price proclamation......
I am long LMT but realistic of any 2014 stock price increase from its current $ 144
price level. 2013 has been a very good year for LMT and its shareholders...!
I would not get greedy with LMT at these levels.
If we continue to see weak crude futures action, maybe
PACD will allow another good value price level for additional
Pmoishe & Woodfrog
I have a different take on dividend initiation and PACD.
As much as dividends are important to shareholders of older off-shore
drilling contractors (RIG, ESV, NE).....the dividend from PACD will be
of minor significance since this small UDW drill-ship specialist is basing
its strategic business plan on fast growth to 8 rigs and then 12 rigs, by
the end of decade.
I would think that the first PACD div, will be relatively small. Very small in comparison to its 2013-2016 stock price appreciation. When word come
out from Beckett about the actual date and size of the first dividend, the
stock will jump......but not more or even similar to its stock price growth.
PACD is built for rapid growth & so far it is delivering on its promise.
The future mid decade stock price appreciation will far over-shadow
the dividend income. In fact Beckett stated in the last CC that they
used FCF instead of their revolver to pay drill-ship fabrication costs.
An excellent sign that PACD is one of the top tier quality UDW drilling
contractor, now & in the future.
PACD stock will "pop" next fall when initial results from its full 8 drill-ships
fleet are announced. IMO this will be a big time for PACD shareholders,
more so than the 2015 dividend announcement.
No matter what the retail investor thinks, a split of LMT will not impact the stock
because 88 % of the LMT float is owned by institutions....
Institutions are not swayed by stock price, they invest by blocks of capital, not shares.
AAPL and GOOG don't need the retail investor, per se either, they are common holdings
of large institutions as well. Maybe a contributing reason these two haven't split
in the past.
With today's on-line trading accounts, investors would be well advised to follow
EPS growth or PEG ratio or even P/E instead of the share price.
I would not add to SDRL over $ 34, which is my entry.
Instead, I would take SDRL dividend income and buy PACD
under $ 10.
PACD has a better CAGR than all other UDW drilling contractor, IMO
PACD will have an additional 60 % more drill-ships in the UDW in the
next 10 months.
You do have the right to post as you see fit, from an investing standpoint.
I see others being out of line by personally attacking you.
The earning at SDRL were down and you are a seller. No reason you
can not have that opinion.
SDRL missed on EPS but beat on revenues. That's OK with me because the
firm has great prospects for added FCF and EPS expansion as their new rigs come
Global crude demand will not drop over the next 2 decades, only go higher
as more population enters the consumer class. Think Africa, SE Asia & MidEast.
if Europe has economic recovery and Japan gets 3 % GDP growth, then major
energy firms will be scrambling to replace their reserves, not add reserves.
Today I read that the South Korean DOD has re-written their jet fighter purchase request to allow
for only stealth spec F-35 jets to be approved.
In fact, the Korean DOD stated it will purchase 40 F-35A jets in 2018-2020......with an option to purchase
an additional 20 F-35A, at a later date, after 2020
Doesn't sound like South Korea is cancelling its jet order....and now it sounds like it is getting ready
to buy the LMT jet, over the Boeing aircraft.
LMT trading at $ 142........and looks to just keep going higher.
More shorts are getting out of their wrong positions each day !!
This week, I have not been able to locate New York Style product in my grocery stores here
in Michigan. Did note on Sunday that pirate's Booty was running a promo price in a "upper
middle" regional grocer.
Have noted that Stacy's brand snacks have taken up the shelf space that New York style
once controlled in 2 different grocers....
I still see nothing new from BGS at my local Costco.
Did WHF cut its dividend meaningfully ? WHF is taking a hit and new buyers could see a "pre-payment"
type yield level on their invested capital.
A self correcting market...? Wish Gross would see it this way.
Thank for your opinion.
NII was 48 cents...div was 40 cents
But the amount of SLRC laon repayments was around $ 350 million,
if I recall.
Gross moved the NII, but not so much the loan portfolio, which long
term, truly drives the NII trend. now, upper mid market loans is a
crowded trade. How does Gross return yield for the stock without
a SLRC price drop, if he originates the new loans at the 9 to 11 %
range they discussed last CC...??
over time, SLRC = SUNS.........is this what we will see ?
However if a negative GDP number scare appears, or other
BDC or SLRC mishap materializes, then the SLRC will get hit,
no matter how many shares Gross buys.
I have not sold any of my SLRC stake, but nothing over the past 4 quarters inspires my confidence in Gross....but I am trying to be
patient and wait for a "mid 40s dividend" in 2014.
Best regards to The Shadow
Looks like BGS came close to $ 34 in morning trading. Low volume, big price move.
I am suspicious of this near term action.
True, B&G Foods released an exciting marketing press release about the relaunch of the
New York Style brand last night. I hope this is not the reason for today's price jump.
I hope there is more factual data to support the 1.5 % gain........but I am thinking its just
There is NO way to ascertain how successful the New York Style relaunch
in progressing thus far, as far as I can tell. There will be no operating data news until
after the first of the year.
So I am thinking the recent week of price action in BGS is based upon something other
than business performance.
I wouldn't be entering or adding above $ 30.....before the next earnings release.
As a investor in LMT common I know defense systems is a global marketplace
based on improving technical products......that can be fabricated by various
pools of assembly workers, unionized or not. I can not BA stockholder.
Sorry you feel so bad about the "under 20 something, beautiful, Power Point
Rangerettes"......so far it seems to me they are getting the job done for LMT.
If the senior staff talent whose grey is showing a bit gets canned with their decades of experience, then they should have zero problem offering their
talents & experience to LMT or other defense systems firms. Or maybe the
senior staff you are referring to, simply were not that good at their jobs...?
"I'll bet you a weeks pay".......??? What a crazy statement for you to make on
an LMT investor message board...!!
I feel LMT is making the correct moves to stay competitive and profitable
and I continue to stay bullish on the stock. LMT is staying flexible to
insure its future, its workers should do the same to insure their families'
I think the huge $ 12 distribution is what could be expected when the new
managers that started on Sept 5th made a lot of new stock decisions based
on their small cap growth investing style....I am sure Schaub & Meade, the
new fund managers, cleared out old positions and replaced them with their
favorite stocks, thus causing large amounts of capital gains.......
This is a bad deal from a tax standpoint when about 25 % of a funds value
is returned to investors in the form of taxable income.....hope you don't have
this fund in a taxable account...!!!
For existing shareholders of MERDX, these new guys from Janus better
have outstanding stock ideas after handing over a huge tax event to folks
who have been in MERDX prior to S & M's entry in September.
I am a fund holder of JAVTX, the old fund Schaub & Meade left in July.
I don't think its good news that these guys did such big moves so early
in their MERDX mgmt tenure...true, fund holders in MERDX will receive
around 25 % more shares than they owned earlier this week, and zero
capital will be lost......until April 15th 2014, if you owned MERDX in a
taxable account. Holding MERDX in a IRA is the only way to escape
the tax hit just handed out.
As new mgers I would think the Meridian Funds website should post
an added explanation given this huge distribution, which never occurred
in the past. Maybe Conkins, the CEO at Arrowpoint Partners, should have
asked S&M to simply open a completely new, small growth stock
fund from scratch.....would have been a better deal for a portion of the
MERDX shareholders. MERDX performance has not been exceptional
poor, as far as I can see.