Debt is relative to the size of the company, the annual cash flow, and the company's ability to service the debt. No problem here. Want to complain about high debt numbers? Just look at VZ, T, and GE........over $100 billion each of debt.
Briskit......we think somewhat alike. I took SS at age 62. Would have otherwise had to dig into my Traditional IRA. Now, in over 2 years i haven't made any IRA withdrawals.
Also getting a pension thru a Union that I took at age 55, nearly nine years ago, which was my earliest possible date for taking benefits.. That was a great move as several reductions in benefits have been made to those still not collecting benefits. Those collecting like me, have had no reductions in benefits. Just one fixed rate thought for the rest of my life.
Looks like I bought a little too early. Down a few more $$. That's OK. My position is small and my time horizon on this one is mid term.
Been watching for many months. Estimates for Q 1 were lowered to $1.71 - 1.77, was $1.89. For the full year 2016 the estimate is now $8.20 - 8.60. Was previously 9.52. Some pricing and margin concerns.
Pa............Swift Energy coming out of bankruptcy............Kel
SWN put a hedge on for 23% of its production for the rest of 2016. They are in a horrible pricing area though. Differentials way below Henry Hub.
Thought I better add a little tech to my biotech holdings. I can see what they have to do just by reading the last EPS report.
* R&D, inventories, and SG&A shot through the roof. Have to decide their priorities and get those issues inline. Should be some comments about just those issues during the April 28 ConCall. Still digesting the acquisitions.
Just bought some CY (Cypress Semi.) @ 8.43. Beaten down chip stock that made some recent acqs. and is still "digesting." No my only tech stock along with several smallish biotech positions.
Cold CHI for a small gain over 2 weeks. Still over 65% cash. Wish I had held onto that AGQ (2 X long silver). Did well with it (about + $4), but left about another $4 for the next guy. Oh well....
Dow Jones Utility average is down about 2.7% today. My whole list of about 15 major Utes is red. Down about 6% from 52 week highs.
Maybe the FED will move up that 25 basis points. Just wondering. I see the 10 year bund in Germany is about .23%
A purchase of THW (global pharma CEF) on Tuesday @ $14.50. Still am about 70% in cash. Just can't find anything to buy. Anyone else finding any bargains that won't get smoked in a sell off?