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GameStop Corp. Message Board

my911jim993 15 posts  |  Last Activity: Mar 30, 2015 2:04 PM Member since: Oct 20, 2010
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  • Reply to

    $71 Offer is WAY TOO LOW

    by borisbadenoffthe3rd Mar 24, 2015 9:03 PM
    my911jim993 my911jim993 Mar 30, 2015 2:04 PM Flag

    Looks like we're doing much better than I thought.

    Sentiment: Buy

  • Reply to

    $71 Offer is WAY TOO LOW

    by borisbadenoffthe3rd Mar 24, 2015 9:03 PM
    my911jim993 my911jim993 Mar 24, 2015 9:24 PM Flag

    Looking at the Heinz deal, they paid about 22 times prior year's earnings of 3.26, which gets the buyout price of 72.50. Using that logic, you get an offer price on KRFT of 69.30 (22*3.15). Using this year's estimated earnings of 3.47, you're looking at an offer price of 76.34.

    Heinz was bought at a 20% premium over the price prior to announcement. Using that logic, you get an offer price on KRFT of 73.20.

    Heinz was bought at a 30% premium over the one year average share price. Using that logic, KRFT's average share price over the last 12 months was 59.38, so you get an offer price of 77.19.

    That tells me we're looking at a potential offer price somewhere between 70 and 80 bucks a share, realistically. I think 75 bucks a share gets this deal done, if in fact both sides are serious. Just one man's opinion of course. Best of luck to all.

    -Jim

  • Reply to

    Looking at SO how safe is the Dividend?

    by tvs1400 Mar 4, 2015 10:41 PM
    my911jim993 my911jim993 Mar 11, 2015 1:45 PM Flag

    LOL! I think you're right. SO will never pay a dividenT. However, they will continue paying dividenDs!

    Sentiment: Strong Buy

  • Reply to

    Looking at SO how safe is the Dividend?

    by tvs1400 Mar 4, 2015 10:41 PM
    my911jim993 my911jim993 Mar 6, 2015 1:32 PM Flag

    Also, the "big" concern right now is interest rates going up. The theory goes, when rates go up, utilities shares go down because they are bond proxies in a low rate environment. While in the short term, that premise holds true, the stock reacts negatively to talk of higher rates. However, if you go back to times where rates were much higher than they are now, SO typically yields between 4.75 and 5%, putting the current price based on yield pretty much at it's historical average. PE is a tad on the high side, though increasing earnings will mitigate that risk. SO also has something going for it, that other utilities do not. Their coverage areas overall are growing in population, as well as attracting more industrial and manufacturing businesses which will all increase power demand. Don't get me wrong, this isn't a high flying stock, but if you're looking for slow steady grown and a solid and steadily growing dividend, SO's the place to be. I'm holding my shares, and will certainly look to add if the price gets much lower than this.

    Sentiment: Buy

  • Reply to

    Earnings

    by my911jim993 Feb 23, 2015 7:54 PM
    my911jim993 my911jim993 Feb 25, 2015 9:57 AM Flag

    exactly. i picked up ETP a while back when they were in a similar situation. Yielding over 8%. Had to wait and be patient, which wasn't hard collecting that distribution, but it certainly paid off. I expect the same here. OKS also has some very distinct and valuable assets. it wouldn't surprise me if someone else were to come in with a takeover attempt. Outside of that, OKE also has the option of doing a KMI type consolidation transaction as well which would likely be beneficial to all parties involved. Time will tell. Until then, I'm content to sit back and collect my distributions.

    Good Luck to All.

    -jim

    Sentiment: Buy

  • Reply to

    Earnings

    by my911jim993 Feb 23, 2015 7:54 PM
    my911jim993 my911jim993 Feb 24, 2015 12:38 PM Flag

    I think their average price estimates are a little on the low side. To me, it appears they are setting themselves up in a position to beat guidance.

  • my911jim993 by my911jim993 Feb 23, 2015 7:54 PM Flag

    OKS did better than i expected. Was expecting 2015 guidance to be revised, but not as bad as i thought. Will be adding to my position again if there's a big sell off.

    Best of luck to all.

    -Jim

    Sentiment: Buy

  • my911jim993 by my911jim993 Jan 28, 2015 7:59 AM Flag

    Got these guys snooping around for a lawsuit. Tells me ETP is getting a great deal on this purchase.

    Sentiment: Strong Buy

  • Reply to

    Us GE shareholders,the silent majority

    by mitch36wide Jan 24, 2015 1:08 AM
    my911jim993 my911jim993 Jan 24, 2015 10:51 AM Flag

    Its all about the price you paid for it. I bought in during the depths of the recession. my dividend has doubled and I've got pretty good cap gains at this point. Bought more yesterday. Folks are underestimating the value of this company's diverse business portfolio.

    Sentiment: Strong Buy

  • Reply to

    What is with the 6 point drop today?

    by durrett.scott Dec 8, 2014 11:11 AM
    my911jim993 my911jim993 Dec 9, 2014 11:27 AM Flag

    I don't see low oil prices affecting the price or usage of nat gas at all. If anything, low oil prices will fuel the US economy which will increase the demand for nat gas, thereby increasing the volume of gas running through OKS' pipelines leading to more cash flow. This really looks like a great buying opp to me. I added to my position.

    Sentiment: Strong Buy

  • Reply to

    What is with the 6 point drop today?

    by durrett.scott Dec 8, 2014 11:11 AM
    my911jim993 my911jim993 Dec 8, 2014 1:00 PM Flag

    It's fun, as OKS is mostly a gas play, 66% is fee based. This is a buying opp!

  • my911jim993 my911jim993 Nov 28, 2014 11:36 AM Flag

    I agree to a point. For options expiring in December, open interest in put options is highest at the 45 strike price with 1793 contracts. On the call side, open interest is the highest at the 50 strike price but on with 505 contracts. There's bigger incentive to drive the stock below 45 and keep it there until after options expiration. On the flip side of it, you have the partnership ready to issue $650 million in new units to aid in the purchase of the Permian assets from Chevron. Add to it the recent upheaval in the energy markets and you have good reason to keep the stock down. That all said, they are covering their distributions, nat gas prices aren't falling off like oil, thus I'm of the opinion that you're looking at a good entry point. I also wouldn't be too surprised to see the US start exporting nat gas at some point next year, especially if Russia keeps up it's aggressive stance towards Ukraine and it's threats to limit or cut off nat gas supplies to Europe for supporting sanctions. We're looking at short term headwinds and long term returns that in my opinion will likely be above average.

    Good luck to all.

    -jim

    Sentiment: Strong Buy

  • my911jim993 my911jim993 Nov 13, 2014 8:21 PM Flag

    You people are nuts. They put on great shows and do a tremendous amount of good for the animal world.

    Sentiment: Strong Buy

  • Reply to

    trend lines

    by summer665489 Aug 15, 2014 2:08 PM
    my911jim993 my911jim993 Sep 15, 2014 4:59 PM Flag

    I actually agree with you on that. CBRL has broken above the recent ceiling in the trend lines, next stop is the 118 marker. Fundamentally speaking, the company is in great shape, should continue to perform well over the coming years. Commodities prices are coming down...lowering their input costs, and putting more money in the pockets of consumers via lower fuel prices.

  • my911jim993 by my911jim993 Sep 8, 2014 10:56 AM Flag

    Credit Suisse lowered their price target, though I've not been able to locate their new target. TD Ameritrade doesn't even show Credit Suisse as having analyst coverage...I bought some a few minutes ago. Good dividend stock looking way to cheap to pass up.

    Sentiment: Strong Buy

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