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Hewlett-Packard Company Message Board

legalbark 123 posts  |  Last Activity: 6 hours ago Member since: Jan 4, 2004
  • legalbark legalbark Oct 5, 2014 12:54 PM Flag

    I agree. How can you have every customer of NOV tanking big time yet some analyst upgrades NOV to a BUY? Makes no sene but hey- when does the market make sense to us retail investors? GLTA

  • Reply to

    Line weekly Bollinger Band

    by lordofdoggtown Oct 4, 2014 6:38 PM
    legalbark legalbark Oct 5, 2014 11:55 AM Flag

    I know your not a fan of Market Edge, but their technical work nailed Linn as an Avoid several weeks ago at $31 + and currently have it identified as a Short Canadite. I think this means they think there's more down side to go. GLTA

  • Reply to

    The Titanic

    by legalbark Oct 4, 2014 2:24 PM
    legalbark legalbark Oct 4, 2014 6:42 PM Flag

    Thank you for your kind reply. You're absolutely correct on the proper interpretation of the Titanic story. Still, there may even be some truth to be found in the proper interpretation of the Titanic story as it applies to all the energy buys and sales going on among all the companies in the energy sector. GLTA

  • legalbark by legalbark Oct 4, 2014 2:24 PM Flag

    We're all familiar with the joke about "moving the deck chairs about" in an effort to keep the Titanic from sinking. I am not for a moment suggesting that Linn is sinking. But you really have to wonder at all the re-shuffling of the deck in the energy space. One minute a particular play is a core investment and the next minute, it's become a non-core asset and disposed of. If the Devon assets were so valuable, why did Devon sell them to Linn? There is so much financial engineering going on here, it boggles the mind. As I posted earlier. I got out at $31 and I still think it was the right move. GLTA

  • Reply to

    10 yr. @ 2.47 market up 130+

    by securities318 Oct 3, 2014 11:40 AM
    legalbark legalbark Oct 4, 2014 1:33 PM Flag

    Thank you both for your replies. They are thoughtful and courteous- something sadly missing on so many Yahoo message boards. I currently hold my AI position at a cost of $27.60 which will go down $.875 (less taxes) when I receive the dividend at the end of the month. I'm not pleased with the paper loss but my plan is to hold and hope that the earnings report generates some renewed interest in the stock and it's unique qualified dividend. In any event, if the dividend holds, which it should, unless management decides to make AI a growth stock by hoarding the cash flow, in a year or two I should be ahead of the game because of the dividends with a solid base going forward. GLTAyh

    Sentiment: Buy

  • Reply to

    Well, that was a depressing week.

    by bobdbus Oct 3, 2014 3:45 PM
    legalbark legalbark Oct 3, 2014 10:07 PM Flag

    You know, essentially Linn's management went one way, plunging into the Permian Basin, and discovered they couldn't pay the price and continue the distribution, They then shifted the focus and everyone applauded they had gone back to basics and secured the cash flow to support the current distribution. If you step back a moment and reflect on what has happened, you find a company that has lost its way and is seeking survival. I sold at $31 and think it was the right thing to do. GLTA

  • Reply to

    10 yr. @ 2.47 market up 130+

    by securities318 Oct 3, 2014 11:40 AM
    legalbark legalbark Oct 3, 2014 1:05 PM Flag

    I share your concerns. It looks like sellers are in control but few buyers. Maybe, the buyers who know something about the upcoming earnings are sidelined from buying because of inside info. Anyway, Barclay's Bank initiated AI with a market perform and put a $28 target on the stock. They see no upside in the multiple but at least they didn't say "SELL". GLTA

    Sentiment: Buy

  • Reply to

    Who on earth is selling a 10% secure yield?

    by goskiing99 Oct 1, 2014 5:55 PM
    legalbark legalbark Oct 1, 2014 6:56 PM Flag

    I agree. I sold all my LINE at $31. I put my my proceeds in AI and except for the $.875 dividend I'm down on a pps basis. Everything in the high dividend world has been weak the last several weeks but I'm sticking by AI. GLTA

  • Reply to

    Buyback

    by legalbark Oct 1, 2014 10:55 AM
    legalbark legalbark Oct 1, 2014 6:07 PM Flag

    I'm sure that's true. They said they were going to use the proceeds to make investments in their favorite investments. But you know, things can change overnight. I hope their favorite investments earn more than simply buying back their own stock at a discount. GLTA

    Sentiment: Buy

  • legalbark by legalbark Oct 1, 2014 10:55 AM Flag

    You know, with all that cash management has to spend from the recent stock sale, one of the most sensible things they could do is buy back some of their own stock. I'm not sure if they have authority to do it but the math is compelling. They netted almost $27 per share on the sale and now they can use the cash to buy the stock back in at $25.50. Probably a better investment than plowing the money into new Agency assets. GLTA

    Sentiment: Buy

  • Reply to

    What's with this $26.90 in After Hours Trading?

    by legalbark Sep 26, 2014 6:13 PM
    legalbark legalbark Sep 30, 2014 5:13 PM Flag

    After seeing what's happened over the last three days, I'd guess the high trades after hours on minimal volume were tape painting- not erroneous market orders. Someone has been selling a lot of stock the past week. In the face of this selling, buyers have stepped to the sidelines. Let's hope it's just one or more institutions that wanted the position out of their portfolios before quarter end. After I get my dividend, I'll be down $1.10 per share on my position. Not too bad but if it keeps selling off, I may have to do the prudent thing and liquidate with a loss. GLTA

  • Reply to

    Now what???

    by hhires Sep 30, 2014 1:12 PM
    legalbark legalbark Sep 30, 2014 4:10 PM Flag

    Actually over 500.000 shares traded hands with a decided negative trend. I still think it's quarter end window dressing. Let's see what happens next week. GLTA

    Sentiment: Buy

  • Reply to

    Every Dog Has Its Day

    by legalbark Sep 25, 2014 3:52 PM
    legalbark legalbark Sep 27, 2014 5:01 PM Flag

    I'd be wary of LINE. Oil and gas prices seem to be collapsing and the company keeps borrowing more money to stay alive. They claim to have valuable acreage in the Permian Basin but each swap transaction they do to unload the acreage shows that the market is getting weaker. GLTA

  • A couple of trades show on Schwab at $26.90 After Hours. Could be just a misprint. Interesting though. GLTA

    Sentiment: Buy

  • legalbark by legalbark Sep 25, 2014 3:52 PM Flag

    The Dow is down over 200 points and AI is just hanging in there ex-dividend- down about 3 cents. I'm still a happy owner especially on a day like this when everything else is being crushed. GLTA

    Sentiment: Buy

  • The selling volume was intense today. Perhaps an institutional holder doing some portfolio dressing before 9/30. The good news is that the market absorbed the shares and ended the day only down a few cents. Hopefully we'll see some affirmative buying going into ex-dividend. GLTA

    Sentiment: Buy

  • Reply to

    I am a holder

    by securities318 Sep 23, 2014 10:45 AM
    legalbark legalbark Sep 23, 2014 11:47 AM Flag

    If I were you, I'd go have a stiff drink and then relax. This morning you saw the sell off of shares of holders who want to liquidate and move their money where they thnik the opportunities are better. This is a very lightly traded stock so any seller of size will push the pps down. It's back again and the upcoming earnings look very bullish. I'd just relax and enjoy the dividend. GLTA

    Sentiment: Buy

  • Reply to

    WHY

    by securities318 Sep 19, 2014 12:41 PM
    legalbark legalbark Sep 19, 2014 10:53 PM Flag

    Why would you expect a "run" in a 13% dividend stock that pays out almost all of its earnings quarterly and has no stated dividend policy except "the complete discretion of the BOD". You might get a run in BABA but with AI it's just steady as it goes. GLTA

    Sentiment: Buy

  • Reply to

    LINN Swaps Property with EXXON!

    by bradshaw22000 Sep 18, 2014 5:18 PM
    legalbark legalbark Sep 18, 2014 7:33 PM Flag

    Well, with all due respect I wasn't referring to taxes. I was trying to address the issue of honest reporting of income. I guess under accounting rules you can buy someone else's income and claim it as your own but somehow that doesn't seem right to me. I guess the people who should be concerned are the unit holders since the facts are all disclosed- it's just that the company was not really as profitable for 4 months as it's financial reports will suggest. GLTA

  • Reply to

    LINN Swaps Property with EXXON!

    by bradshaw22000 Sep 18, 2014 5:18 PM
    legalbark legalbark Sep 18, 2014 6:45 PM Flag

    I'm intrigued by all the back dating of the recent Linn deals. In this one, XOM owned the CA interests from June 1st and knows exactly how much revenue was earned from then until now. Now Linn gets to take credit on its income statement for almost 4 months of operations by XOM- and who knows how XOM and Linn will account for XOM's cost of production during that period. XOM's income statement is huge and one has to believe a couple of million can be moved around without anyone having the time or energy to check the numbers out. I guess I'm not a big fan of these income shifting deals even though I'm sure compliant auditors will bless the outcome. GLTA

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