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Southern Copper Corp. Message Board

kenpalley2000 81 posts  |  Last Activity: 15 hours ago Member since: Dec 16, 2005
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  • Reply to

    This is more like it!

    by j157272 15 hours ago
    kenpalley2000 kenpalley2000 15 hours ago 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

  • kenpalley2000 by kenpalley2000 Jul 17, 2015 12:47 PM Flag

    A stock that goes from 10.75 or so to 11.25 or so in 90 minutes and then back down to below 11 again is a dream fro risk taking short term traders. Paying 6 or 7 % and reliably so makes it a great stock for us more conservative types. Win win! GLL

    Ken

    Sentiment: Hold

  • Reply to

    RK says he's really pleased with backlog.

    by thewzrdaz Jul 15, 2015 5:27 PM
    kenpalley2000 kenpalley2000 Jul 15, 2015 5:37 PM Flag

    thewzrdaz,
    I think $50-$60 is the new norm, at least for a good long while. Iran deal will likely go through and more oil will come online, increased use of alternate energies such as wind and solar are growing exponentially and however small they are they are getting to be a significant portion of many European's electricity production, greater fuel efficiency in autos whether hybrid, gasoline or diesel will reduce oil demand or at least constrain any increases in that demand. All these factors will increase going forward while oil production continues to increase. Add all those plus other factors up and insert into the supply/demand curve and voila lower prices. Offsetting that argument is the potential huge increase in demand for energy in India, China and elsewhere, however those are places that are also seeing the long term advantages of wind and especially solar. Having said all that I remain long and strong for KMI at least for the short to medium term(2-5 years). GLL

    Ken

    Sentiment: Hold

  • Reply to

    APTS To Begin Trading on NYSE

    by wentkerl Jul 13, 2015 3:44 PM
    kenpalley2000 kenpalley2000 Jul 13, 2015 4:18 PM Flag

    On the basis of this news the shares dropped 4.7% today? Probably just a coincidence but further proof of the irrationality of the market.

    Ken

    Sentiment: Hold

  • Reply to

    Layman's observation.

    by pe5k Jul 10, 2015 1:54 PM
    kenpalley2000 kenpalley2000 Jul 13, 2015 11:20 AM Flag

    As a long time "long" I sadly tend to agree. I think I am pretty well screwed on this investment unless by some miracle they can maintain the current dividend. OTOH I think today's drop is a bit of an over reaction. GLL

    Ken

    Sentiment: Hold

  • kenpalley2000 by kenpalley2000 Jul 10, 2015 1:03 PM Flag

    I don't see any particular news so it is very interesting to see such a huge jump. Anyone have any ideas? GLL

    Ken

    Sentiment: Hold

  • Reply to

    secondary offering good timing

    by questforgrowth Jul 7, 2015 11:10 AM
    kenpalley2000 kenpalley2000 Jul 7, 2015 3:59 PM Flag

    I agree 100%. This is a smart move and paying down the debt with shares sold near the top will be accretive to dividend IMHO. GLL

    Ken

    Sentiment: Buy

  • Reply to

    Some perspective on the price decline

    by mysonchino Jul 3, 2015 12:53 PM
    kenpalley2000 kenpalley2000 Jul 6, 2015 6:15 PM Flag

    Whoa Chino, my car is barely worth $300(rusty 1983 Toyota Corolla Stn Wgn) and I don't have any answers these days other than "Yes thanks I'd love another drink!" GLL

    Ken

    Sentiment: Hold

SCCO
27.30+1.21(+4.64%)Jul 28 4:02 PMEDT