Rivv - Yes Value Line is still published, although I get it for free online since my local public library subscribes to it and card members can therefore view it from any computer. For me it's just one more source of information and as a thumbnail sketch for investment candidates IMO it can't be beaten.
Some recent commentary:
Sustained profitability at MGIC over
the past year has likely been instrumental
in the stock’s upward momentum.
In the June period, net
premiums earned rose 3% from a year earlier,
marking the second consecutive
quarter of positive comparisons. More important,
losses incurred fell over 35% and
the percentage of loans that were delinquent,
including bulk loans, decreased 220
basis points, to 6.78%. These factors were
the primary catalysts behind share earnings
jumping from $0.12, to $0.28. Meanwhile,
the equity has climbed more than
40% since early August of last year, as investor
sentiment has continued to
brighten with a return to black ink.
What is this author trying to say? I can't figure it out:
Peabody likely faces the same issues as Arch and is equally likely to get some pushback from current creditors. And if Arch cancels its debt swap offer tomorrow, Peabody could really be in a fix and all that short covering we suspect is happening will have been a good bet.
The guy was dead certain this was going to collapse after hours yesterday and reminded us of all the reasons why ... he's gone silent today ...
Congrats to you as well rivv... Value Line is still very very cautious on this equity but given the strong earnings, robust housing outlook, and capital requirements no longer an issue, I don't see how MTG doesn't continue gaining strength through this year and next, albeit with short-lived hiccups from time to time.
Great to buy on the dips and patiently hold. Maybe we'll see a regular dividend declared soon.
Cheers to you and fellow Longs,
Flying too hard, too fast. Still have 1/3 of my original position purchased 2 weeks ago. A fantastic return. But profits are profits and once the short squeeze is over I think we'll return to lower levels. I don't trust this 50% surge. I may be wrong, but that's what I think.
Cheers to fellow Longs,
Unfortunately for Chris07 I think you're right History ... I'm holding at this point ... no reason to sell with higher market cap expectations through the rest of 2015 and beyond.
Agree, stockalias. This is a rush-back to buy undervalued NVAX shares. Nothing more than that, at least for today.
Onward and Upward, as they say ...
Alex - a few pointers ...
1) Production growth of oil is actually above zero. O&G production in N America continues to increase.
2) Trinity mfg's far more than tank cars for crude. They offer specialty rail cars for every conceivable commodity you can imagine ... plastic pellets, grains, cement dust, distillates, chemicals, etc.
3) In many cases railroads do not own the railcars they transport. They are owned by institutions, leasing companies (TRN is one of them), banks, others who lease the cars to companies like Dow Chem, GE, refiners, grain companies, etc.
The outlook here is bright - TRN first has to get the litigation albatross off their backs. And yes it will happen, I suspect soon ... before year's end.
rnsawaya - I'm trusting management to act in a manner consistent with benefiting shareholders. Judging by this morning's early reaction - and it's still early - I'd say institutions like what they're hearing.
There is no restriction from reverse-splitting shares that trade over $1. It's the NYSE that has rules about continuing to list shares trading under $1 for a set number of days. The stock can sell for under $1 a share for 29 consecutive trading days and still be safe from delisting. However, it must sell for $1 or more on day 30. If the stock sells for under $1 a share for 30 consecutive days, it's in violation of NYSE minimum price regulations.
Chris - so what's your motivation for running around warning everybody that BTU shares and the company are suddenly doomed to failure? Shorting at this level IMO is far riskier than taking a modest long position, giving management time to work their problems out. Last week we were at $1.10, before the market meltdown, remember?
Chris - You're a little late with all the hysterical fear about bankruptcy. Peabody is in no imminent danger of declaring BK and would have no motivation to speed that process along by agreeing to restructure their debt at exorbitant terms. There's no hurry to restructure. Furthermore the share price would have plummeted way before Bloomberg reported if that really was the case.