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Pier 1 Imports, Inc. Message Board

joeschmo_4 328 posts  |  Last Activity: 7 hours ago Member since: Sep 13, 2006
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  • Reply to

    Joe, Just Wave

    by nobear Dec 19, 2014 4:46 PM
    joeschmo_4 joeschmo_4 7 hours ago Flag

    BTW, nobear ... Just for your edification ...

    ABU DHABI (Reuters) - Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

    Referring to countries outside of the Organization of the Petroleum Exporting Countries (OPEC), Saudi Oil Minister Ali al-Naimi told reporters: "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut."

    He added he was "100 percent not pleased" with prices but they would improve, although it was unclear when.

    Joe

  • Reply to

    Joe, Just Wave

    by nobear Dec 19, 2014 4:46 PM
    joeschmo_4 joeschmo_4 Dec 20, 2014 10:53 AM Flag

    dividend ... an quote that is apropos while lifted from another message board:
    Sometimes missing the boat means you didn't board the Titanic ...

    I did essentially the same as you, took some nice profits recently in EOG, and wait currently on the sidelines.

    Cheers!
    Joe

  • joeschmo_4 joeschmo_4 Dec 19, 2014 9:51 PM Flag

    cmarriott - There are many daytraders here who are either insanely euphoric or severely depressed based on whether or not NVAX's current share price is 10 cents higher or lower than it was 5 minutes ago.

    What you say is true - investors will likely do well in the long run, but on a daily basis you'll probably continue to see wild and sloppy share price posts predicting where NVAX will trade on Tuesday, or Friday, or at 12:30 Monday afternoon, or .....

    Joe

    Sentiment: Buy

  • Reply to

    Joe, Just Wave

    by nobear Dec 19, 2014 4:46 PM
    joeschmo_4 joeschmo_4 Dec 19, 2014 9:42 PM Flag

    Nobear - If you're all that certain that crude prices and EOG's share price now has nowhere to go but up, then good luck to you. As for me, I've found that those who are the most sure about equities are usually the most wrong. Naturally you must be the exception.

    Monitoring on the sidelines,
    Joe

  • Reply to

    Toppy at 89? Really!

    by nobear Dec 19, 2014 10:02 AM
    joeschmo_4 joeschmo_4 Dec 19, 2014 12:47 PM Flag

    nobear - You weigh the risks. Given Saudi intentions, do you think they're going to reverse course in a couple of weeks and close the spigots? In this 90-92 range I think there's a greater chance that we see EOG moving lower, perhaps $82-$85 in an intermediate time frame, offering a better buy-in point for long-term appreciation. There's enough volatility in this issue for patient investors to wait for that opportunity.

    Joe

  • While it's a dangerous attitude to take with this equity I'm getting cautiously optimistic ...

    Cheers to fellow Longs,
    Joe

    Sentiment: Buy

  • Reply to

    Some Comments and Observations for Tom McInerney

    by sidecardaddy Dec 17, 2014 10:25 PM
    joeschmo_4 joeschmo_4 Dec 19, 2014 12:22 PM Flag

    bore - you've been misled. Most LTC holders of GNW policies ARE renewing, an overwhelming percentage. I have first hand knowledge. Leave it at that.

    Joe

  • Reply to

    Bottom

    by daninfw04 Dec 19, 2014 10:45 AM
    joeschmo_4 joeschmo_4 Dec 19, 2014 12:03 PM Flag

    I bought a whole bunch at $6.50 ... I think in 2015 we'll be seeing much higher levels from here.

    Cheers to you Dan and fellow Longs,
    Joe

    Sentiment: Buy

  • Reply to

    The EOG trade

    by dividendseeker Dec 18, 2014 2:42 PM
    joeschmo_4 joeschmo_4 Dec 18, 2014 2:49 PM Flag

    Not a bad strategy, seeker. It just seems too soon to think oil is going to fly skyward. Six months, probably, but not tomorrow.

    Joe

  • Oh boy. A part of me wishes this doesn't go through ... but as shareholders we have to go with management, otherwise we wouldn't (and shouldn't) be invested here ...

    Cheers to longs on a good day,
    Joe

    Sentiment: Buy

  • Reply to

    B T I G

    by rpschom Dec 18, 2014 9:34 AM
    joeschmo_4 joeschmo_4 Dec 18, 2014 9:41 AM Flag

    That's a bit of good news RPS - thanks for the find and for posting. I'm surprised the carnage hasn't been worse so far but as you say it COULD be the investment community has already "written off" GNW to the point of indifference. They will respond when actual cap reserve numbers are released.

    Cheers on a snowy day,
    Joe

  • Reply to

    Some Comments and Observations for Tom McInerney

    by sidecardaddy Dec 17, 2014 10:25 PM
    joeschmo_4 joeschmo_4 Dec 18, 2014 8:16 AM Flag

    Thanks sidecar - I appreciate your expertise and look forward to hearing from you again.

    Joe

  • Reply to

    Best to IGNORE clougher002

    by joeschmo_4 Dec 17, 2014 8:25 PM
    joeschmo_4 joeschmo_4 Dec 17, 2014 9:06 PM Flag

    I agree that would be welcomed news. Surely they know how upset the investment community is with them.

  • Reply to

    Best to IGNORE clougher002

    by joeschmo_4 Dec 17, 2014 8:25 PM
    joeschmo_4 joeschmo_4 Dec 17, 2014 8:55 PM Flag

    The news is out. I could care less what the media thinks. It's how institutions think that matters - and we'll know more in the morning. A disclosure like this shouldn't surprise anyone who's followed the company for at least the last 6-12 months. There are problems. In time there will be solutions. Portfolio diversification is a good thing.

    Just don't have a heart attack, that's all.

    Joe

  • Reply to

    Best to IGNORE clougher002

    by joeschmo_4 Dec 17, 2014 8:25 PM
    joeschmo_4 joeschmo_4 Dec 17, 2014 8:41 PM Flag

    clougher it's TERRIBLE news but you HOGGING UP the board with all your hyperventilating isn't helping anyone contribute some intelligent commentary. If you're here from 27 then GET OVER IT.

  • Sounds like an institutional short - review comments by him on other boards for a good idea of where he's at. Plenty of heat, not much thought.

    Joe

  • Reply to

    Here we go again ...

    by joeschmo_4 Dec 17, 2014 5:28 PM
    joeschmo_4 joeschmo_4 Dec 17, 2014 8:10 PM Flag

    Vonerick I hope you're right but many have lost patience with this management team. As RPS has indicated on this thread, it's going to be increasingly hard to rebuild management trust, a vital component of any reasonable valuation by The Street, with these kinds of delays and announcements. We have no reason to believe that re-figured capital needs will be anywhere close to what is currently assumed.

    Joe

  • Reply to

    Here we go again ...

    by joeschmo_4 Dec 17, 2014 5:28 PM
    joeschmo_4 joeschmo_4 Dec 17, 2014 6:01 PM Flag

    Why stop at 7? I see no reason why any but the greatest risk-takers would want to buy now. Earnings are at high uncertainty, capital sufficiency undetermined, most other insurers have recovered from the 2009-10 quicksand, but poor ole Genworth continues staggering in the gutter.

    This would be a great time for a smart, aggressive corporate raider type to kick some behind on behalf of shareholders. Given all the options management had to increase shareholder value in the last year, while awarding themselves fat bonus's, they obviously can't be bothered.

    Joe

  • Reply to

    Toppy at 89

    by joeschmo_4 Dec 16, 2014 12:11 PM
    joeschmo_4 joeschmo_4 Dec 17, 2014 5:51 PM Flag

    People are anxious to call the bottom in crude prices - and perhaps the bottom WAS reached yesterday - I'm not so sure and will consider adding EOG at lower SP levels. IMO the Saudi action wasn't intended for a week or two - my view is that they want an extended period of low crude prices to knock the lower margin producers offline and out.

    Has certainly been a fascinating story to see play out.

    Joe

  • joeschmo_4 by joeschmo_4 Dec 17, 2014 5:28 PM Flag

    Genworth Financial Inc. (GNW) said it will take until next year to release the results of its latest review into whether it has adequate reserves for long-term care insurance. The stock declined in extended trading.

    “While our original intent was to communicate results in December, the review is taking longer than previously anticipated,” Tom McInerney, chief executive officer of the Richmond, Virginia-based insurer, said today in a statement.

    If there wasn't significant 2014 tax loss selling up until now, you'll likely see it during the next few days.

    Joe

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