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Southern Copper Corp. Message Board

kenpalley2000 86 posts  |  Last Activity: 6 hours ago Member since: Dec 16, 2005
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  • Reply to

    Why the big selloff Thursday afternoon?

    by jcroyer80 Jul 30, 2015 4:23 PM
    kenpalley2000 kenpalley2000 6 hours ago Flag

    I'm guessing general market jitters. It was the day before stock went ex-div so one would normally expect upward price pressure as buyers tried to lock in the dividend, however trying to make sense out of day to day price fluctuations in the absence of any major news or announcement is pretty futile. Just enjoy the dividends and hope they keep creeping upward. I agree that a big drop in price would be a great buying opportunity.GLL

    Ken

    Sentiment: Hold

  • kenpalley2000 kenpalley2000 Jul 30, 2015 4:44 PM Flag

    I see solar and wind worldwide growing at astronomical rates. Oil demand will be somewhat muted and getting worse and worse over next 10 years. I have serious doubts that we will ever see oil at $100 and even $70-80 is beginning to look unlikely. The amount being pumped is just phenomenal and may well outstrip demand for years to come. I am not selling but am writing my shares off as a loss, Maybe we'll get lucky. GLL

    Ken

    Sentiment: Hold

  • kenpalley2000 kenpalley2000 Jul 30, 2015 4:40 PM Flag

    I remeber when GM was on the rocks and getting a government loan, F went to about $2 an I thought"What the heck splurge a few $K. I didn't and now it is a$15. LNCO could be at $10 in a year or two and the dividend re-instituted so if you have the guts and the money picking up a few thousand shares now is a only slightly risky gamble. I'l watch and if it gets below $4 jump in for a a few K shares. This is NOT for widows and orphans to be sure. GLL

    Ken

    Sentiment: Hold

  • kenpalley2000 by kenpalley2000 Jul 30, 2015 9:32 AM Flag

    But not much. My apologies to the critics we are pretty well screwed.

    Ken

  • Reply to

    June 3 BOA-Merrill Presentation vs. dividend drop

    by hwk455 Jul 28, 2015 9:04 AM
    kenpalley2000 kenpalley2000 Jul 29, 2015 2:00 PM Flag

    iii4u,
    You are mistaken. The share price plummeted when the dividend was cut and the current share price disaster is because so many people don't think even the current greatly reduced dividend can be maintained. In addition there are many retail shareholders that are primarily in this stock for the long term dividend yield and so share price while important is secondary to the prospect of steady dividends for years to come. If the company can show that that is the case then the price will take care of itself. If this level of dividend can be maintained then this stock is a screaming buy at current prices. Currently 20% ...that is insane if it is sustainable. GLL

    Ken

    Sentiment: Hold

  • kenpalley2000 by kenpalley2000 Jul 29, 2015 9:51 AM Flag

    High for the year and pretty close to all time high. Dividend increase on top. Not bad! GLL

    Sentiment: Hold

  • Reply to

    This is more like it!

    by j157272 Jul 28, 2015 10:45 AM
    kenpalley2000 kenpalley2000 Jul 29, 2015 9:35 AM Flag

    Et voila! Back down we go. Market is fickle and twitchy we have a long way to go for most people who follow this stock to feel comfortable buying it even at ridiculously low prices like this. If you currently own it relax and enjoy the dividends but don't expect much capital gain for a while. GLL

    Ken

    Sentiment: Hold

  • Reply to

    This is more like it!

    by j157272 Jul 28, 2015 10:45 AM
    kenpalley2000 kenpalley2000 Jul 28, 2015 11:03 AM Flag

    Sweet though it may be let's not celebrate too soon. We need to see the dividend maintained for at least 2 or 3 more quarters before we are safely back over $20. GLL

    Ken

    Sentiment: Hold

  • Reply to

    ERNS FORECAST $1.30C/SHR!!!

    by monett4 Jul 27, 2015 10:31 AM
    kenpalley2000 kenpalley2000 Jul 27, 2015 9:16 PM Flag

    $1.32. However Zacks is claiming it was a miss because the consensus was $1.34. Yahoo showed an avg consensus of $1.30. I haven't read enough detail yet to know what the FCF or the CAD was. Anyone see that yet? Overall a good not great quarterly. GLL
    Ken

    Sentiment: Hold

  • Reply to

    ERNS FORECAST $1.30C/SHR!!!

    by monett4 Jul 27, 2015 10:31 AM
    kenpalley2000 kenpalley2000 Jul 27, 2015 3:42 PM Flag

    I would add that "the market", always an enigmatic and elusive entity, seems convinced of imminent bad news otherwise why have we hit a new one year LOW today? Hope they are very wrong. GLL

    Ken

    Sentiment: Hold

  • Reply to

    ERNS FORECAST $1.30C/SHR!!!

    by monett4 Jul 27, 2015 10:31 AM
    kenpalley2000 kenpalley2000 Jul 27, 2015 10:56 AM Flag

    Reserve your WOW for when and if they hit that target. Also keep in mind that what really matters to those of us who are in this for the long run is the FCF or CAD or whatever term they use to describe how much cash is available to fund their dividends. As long as it is at least $.875/share and preferably a little bit higher we can then breath a sigh of relief. At any event the moment of truth is at hand. GLL

    Ken

    Sentiment: Hold

  • kenpalley2000 by kenpalley2000 Jul 27, 2015 10:47 AM Flag

    NRF is up at the moment. A green day for NRF is getting to be as rare as rain in California. GLL

    Ken

    Sentiment: Hold

  • Reply to

    Could not resist

    by dar200 Jul 23, 2015 11:32 AM
    kenpalley2000 kenpalley2000 Jul 24, 2015 6:13 PM Flag

    Dar,
    Clever fox, looks like you made more than enough for a very elegant dinner for you and the missus. Enjoy!

    Ken

    Sentiment: Hold

  • Reply to

    65 cent divvie announcement this week

    by kenpalley2000 Jul 20, 2015 3:50 PM
    kenpalley2000 kenpalley2000 Jul 24, 2015 1:33 PM Flag

    On schedule, on target. 10 consecutive years of steadily increasing dividends and yet there will, no doubt, continue to be posters who say this is not sustainable. Perhaps not forever but if they can keep it up for another ten years I won't care at that point as I will become a client instead of a share holder. GLL
    Ken

    Sentiment: Buy

  • Reply to

    Could not resist

    by dar200 Jul 23, 2015 11:32 AM
    kenpalley2000 kenpalley2000 Jul 23, 2015 3:48 PM Flag

    Dar,
    Did you ever get rid of that lot you ought back in mid June at $16.73 or so? I think its been a downhill slide pretty much since that date.

    Ken

    Sentiment: Hold

  • Reply to

    This is Great For Apple's Biggest Buyer

    by balooga2_2000 Jul 21, 2015 5:25 PM
    kenpalley2000 kenpalley2000 Jul 21, 2015 5:33 PM Flag

    The share price would do a lot better if they paid a respectable dividend. The only way to make any money with AAPL is to sell it at some point. It will no doubt go up again but it is increasingly looking to me like the trick is to sell the stock just before earnings announcement and then buy it back the day after when the price tanks.

    Ken

    Sentiment: Hold

  • Reply to

    CLASSIC Blowoff Selloff/Weak Hands fold

    by glengator2004 Jul 20, 2015 4:22 PM
    kenpalley2000 kenpalley2000 Jul 21, 2015 9:54 AM Flag

    "The oil guru who predicted last year’s rout said $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand."

    Well if LNCO is still around in 5 years we'll finally see a rebound. My concern is that a bigger fish will buy out LNCO at maybe $9-10 and cut the dividend even more. Hard times for LINN/LNCO holders. As for the predictions about divvie cuts and bankruptcy etc they are just hot air with no facts to back up their assertions and I'd advise the ignore button. I cannot predict the next 6-24 months with the company, its dividend or the share price and neither can they. GLL

    Ken

    Ken

    Sentiment: Hold

  • Or so I expect. GLL

    Ken

    Sentiment: Hold

  • Reply to

    Are we at a bottom?

    by hwk455 Jul 19, 2015 6:22 PM
    kenpalley2000 kenpalley2000 Jul 20, 2015 9:55 AM Flag

    Impossible to predict a bottom when there is massive panic selling. As of this morning the dividend yield is around 18%. Dividend is pretty secure for 2015 and not very secure for 2016. the problem is that for 2017 it is not at all secure. For a lot of us that are so far under water that the stock could go to zero without that much more pain ( heck I've already lost 80% whats another 20%) all we can do is hang on take whatever divvies we can get and hope that the company can weather the future of low oil prices. GLL

    Ken

    Sentiment: Hold

  • StoneMor Partners, LP

    This cemetery company offers a unique investment opportunity known as a master limited partnership (MLP). An MLP is a publicly traded limited partnership. It pays the equivalent of a dividend, except it is known as a distribution.

    The distribution yield for StoneMor Partners LP (STON), as of 2015, is over 10%. This is a guaranteed return investors receive every year. In the case of StoneMor Partners, that return has increased steadily during the 21st century, and the company has never failed to pay a distribution.

    Moving forward, there is no indication of StoneMor Partners decreasing in viability as a lucrative investment for one simple – albeit morbid – reason. Death is certain and always will be, and this company supplies a product everyone will need when their time comes.

    Read more: http://www.investopedia.com/articles/markets/071615/best-buyandhold-stocks-your-retirement-portfolio.asp#ixzz3gBDSVCbr

    Sounds about right to me. GLL

    Ken

    Sentiment: Hold

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