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Smith & Wesson Holding Corporation Message Board

jimburton565 7 posts  |  Last Activity: Dec 7, 2014 5:23 PM Member since: Dec 7, 2012
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  • jimburton565 jimburton565 Dec 7, 2014 5:23 PM Flag

    You are talking about NOG like they are way out on a limb - all by themselves and are on a self destruction mode - ignoring everything foolishly and are incompetent idiots. When you say they need to behave you need to elaborate. Would you not expect a smaller oil company as NOG to hedge into 2016? at $89 a barrel? How is that foolish if they hedged to protect against your so called crash? If they didn't hedge half of their oil at $89 into 2016 they would be looking at $65 instead of $89. They actually showed discipline by not assuming oil would go up forever and hedged for protection. Most of the bigger boys gambled with no hedging or very little hedging (like CLR) They will be selling oil at $65-70 next year. The reckless fiscal behavior might be out their but not NOG. I would expect the ramping up on production to reverse and appropriate adjustments will be made and the world of NOG will go on. I personally feel it has hit it's bottom and the institutions have done their damage. This is the point where people that can stomach this ride down can step in and buy a such an oversold stock and truly make a good long term investment pay off...possibly doubling or tripling in the next 2 years.

  • Reply to

    Total Debt?

    by grapepopsoda Dec 5, 2014 3:48 PM
    jimburton565 jimburton565 Dec 5, 2014 3:59 PM Flag

    The most they could borrow on their new revolving is 550 million. They are at 228 million now + assets. Not that bad really. 322 million available to tap if necessary.

  • Reply to

    To be consistent...I will take 1000 more at 6.62-

    by platguru Dec 5, 2014 3:50 PM
    jimburton565 jimburton565 Dec 5, 2014 3:51 PM Flag

    I had a shot below 6 but I feel lucky to get it at 6.03

  • I feel I did my homework...hopefully the hedging into 2016 @ $89 a barrel will protect my investment. I look to hold now until at least next summer.

  • jimburton565 jimburton565 Dec 5, 2014 3:27 PM Flag

    I know nobody wants to be holding over the weekend and they are not the cream of the crop but I am just saying that they are in a lot better shape than most of their peers and seem to be getting dragged down a lot for what I have just read on them in their earnings report.

  • jimburton565 jimburton565 Dec 5, 2014 3:21 PM Flag

    The downgrades are flying out there for a ton of oil stocks. I would frankly be suspicious and worried if I owned an oil stock that had not been downgraded in fear that it was a cover up. A drop of 30% in oil prices would have a dramatic effect on everyone on their bottom line. Unless of coarse you hedged a good percentage of your futures. NOG has debt but so does 90% of their peers.

  • Wow that's all I can say. NOG is 70% hedged at $89 a barrel all the way through 2015 and 30% hedged the first 2 quarters of 2016 at $90. Hedging has not been popular in recent past due to rising oil prices. NOG has bucked the trend and should be one of the few to benefit from having a year and a half of hedges at $90 a barrel. The earnings report was good worth a 10% gain through the following 2 weeks...they have $ in the bank and were just approved for a bump of 30% in their credit account. What am I missing here. Please don't throw me a bash ...I want to heat from someone that has also done their homework on this stock. thks

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