NE is in good shape compared to other drillers. They have only 1 new vessel ready to be deployed compared to several at each of their competitors. Their dividend is the safest in my opinion of all other drillers. They dumped their older equipment by shoving them into PGN (which I also have a sizable long position, unfortunately). I believe this is a great hold for the near future (six months to two years) and have loaded up on it. The day rates are soft and the supply is ample...but this changes very quickly and with world events looking like crapola, some world event will occur between Iran, Isil, Palestinians, Saudi Arabia, much of Africa. Fossil fuels are the future in spite of the current President and the EPA.
For a 'jew_trader' you are a disappointment to all members of the tribe for your lack of financial sophistication. Sure you're not of another minority?
Darn, some of you kids are really dumb shights!. The lender is NE. They reduced their debt by dumping all the crappola rigs into PGN and saddling them with the debt (TO NE). Add misleading lies and you have a 6 dollar stock. I better finish this real fast before the POS drops into the 5s.
The disclosure was for a, first independent as a company, dividend payment of $0.90 (NINETY CENTS). That was the amount NE stated. For those who can not count beyond their human digits...SEVENTY SEVEN AND ONE HALF CENTS below expectations regardless of the BS about unspecified acquisitions and share buy backs. These mfs can have my shares back at 10. #$%$? Remove thou head from thou #$%$ #$%$/bimbet
I was a commercial lender for a major bank for over 25 years. TNW is NOT liquidation value. I assume you are long this marvel and believe you should double up your position as under your theory the price is 1/2 of the REAL (dufus) value! Good luck arsluck!
That's based on an ongoing endeavor, not a bankruptcy when the liquidation value will be 10-20%. Tighten your briefs...the dump is flowing out of this thing.
I did! The body's out of blood now. The puppy is DEAD. This is more than just a sector drop...it includes NE dumping their garbage rigs and current management selling us that these rigs are golden...while they are fool's gold, as the price is suggesting. Management will announce a share buy back and a generous dividend which may take this POS back to the mid to high 7,s. This is from a schmuck who bought in the high 8's. What's not to understand. I do NOT have a forty year time frame.
I've been involved with the stockmarket for 50 years (yeah, old feart). There is no such thing as 'dumb' money in the long run. Something is WRONG here. I'm long PGN big time and bought into the BS regarding 90 cent dividend, as disclosed in NE prospectus for spin off, 40% of Tangible Net Worth, strong contracts, excepting Brazil/PBR, through 2017 and the long list of positives represented by NE and current management. This is a case for class action against NE and management for representing the NE Bull Chips. I do not know, nor can I predict, what the 'hook' is that's drowning the stock, but, it's there and has been well disguised. Just the ramblings of a bad loser who's tired of relying on bad 'players' such as this gang. Hope and dreams are not the way to select stocks, but, relying of garbage numbers presented by management does NOT work either. LOL.
Tangible Book of $14. Dividend disclosed in NE paperwork re spinoff ot $0.90. Solid contracts through 2017.
There is a lot cow/dog chips in this package and I am wondering if there really is a pony hidden there or if we longs have been taken for a professional ride to hell? SOMETHING IS WRONG with this POS that is and has not been disclosed. I can't believe there are not class action attorneys circling like buzzards.
I have been in and out of UAN from the early days. Overall, it has been a major disappointment for me. Management reacts like they have a sharp stick up their Icahanic #$%$ and can NOT get out of their own way. There seems to be an oversupply of corn and farmers are not expanding their planting this year, which creates the shark like discounting by competitors. I truly believed in the UAN system; but, they always have a simple break down or some other unanticipated (by stockholders) event, which management is slow to disclose.
I would be a holder here...but I wouldn't add to a position or "dollar cost average" unless it's to take a tax loss by doubling up for 31 days and dumping the original shares. Just my experience...not meant to scare nor recommend shorting. There have been miracles...but that typically is not a sound investment strategy.
With the confidence management/BOD has in ICUI's future, along with the cash/share, and the fact that I have my long position, let's run this puppy and announce a stock buyback program! It's stunning to this investor of over 50 years (old frat) that a competitor doesn't "make a run" at ICUI. Hey BOD. Wait a few more days to make the announcement...so I can add to my position sub 62. Thanks. ( would it be a real sheisser should an announcement be made in the next few weeks. I'll be suspected on insider information. Right!?..which I rarely am )
We both appear to support TPCA I was at a pool party at the Las Vegas Tropicana recently and was surprised to see the activity, quality of service and the condition of the room my family occupied. It was then I became aware that Hilton had acquired the property and branded it a Doubletree, allowing all the benefits afforded by Hilton Rewards.
I mentioned potential corporate moves in my original post: enroll the properties in a major hotel chain to get the properties on their reservation and rewards programs. Research which properties could be marketed at timeshares (casinos on the property would be problematic), Spin off some of the losers such as Laughlin (the remaining property there) and MLP or REIT them similar to the structure of CVI with UAN and CVRR. Should the numbers work, at least there would be a return based on cash flow rather than earnings while further strengthening TPCAs balance sheet. There was 'chatter' that TPCA was working to become a player in the ON-LINE gaming industry once it is approved by authorities; however, Carl (Mr. Icahn to me) has other gaming holdings, such as the Fontainblu in Las Vegas (which is being stripped of its a/c and other fixtures for salvage) and may be shifted to another Icahn holding. I have tried over 15 times during the past two years, and spoke to one institutional investor who agreed with my assessment, to contact TPCA by letter, email, and phone. The receptionists were delightful; but the results were #$%$ on a bull". I contacted IEC to find someone who could answer questions of a concerned IEC and TPCA investor. IEC explained one would have to contact TPCA directly and WOULD not comment on TPCA, which as an investor too (albeit, the controlling shareholder) seems to be their prerogative.
The shareholder meetings held a thousand miles (purposely) from the corporate office does not afford a layperson the ability to attend.
Thank you for allowing me to skip my therapy session today. And good luck.
You do understand this stock traded at the equivalent of $15.00 in September 2012 and $18.00 in 2011 per chart on YahooFinance. MGM has qua-tripled in that time. WYNN and LAS speak for themselves. Should you have bought the stock with Carl at $13.75, a move to $17.90 over three years in this bull market sucks, as does your comment. You are assuming everyone purchased TPCA at the twelve month low of $14.75 (making an #$%$ of you and me for even bothering to answer a fool). right?
TPCA would be a perfect company for initiation of "shareholder activism". It sells at a discount to tangible net worth; it's in a growing industry (even Las Vegas is recovering as seen in rev/par growth of MGM etc-though we are not there); the company does NOT provide returns such as a dividend; the owners of the Tropicana Las Vegas (NOT ours) is now owned by Hilton and branded a DoubleTree and is booming (stockholder term); the individual properties could be converted to REITs and/or marketed as timeshares; the properties could join one of the chain hotels and benefit from their reservation systems; Company management are puppets to the major shareholder whose interests appear to be elsewhere; The company's Investor Relations department (if they even have one) NEVER returns calls nor gives the appearance of giving one shiet about shareholders (multiple calls never returned over multi-year period).
CARL ICAHN...where the hell are you when we (longs who believed in you) when you are needed.
I'm ready for the earnings...let 'er rip (not as in rest in peace, please)! "lights are on...is anyone home?"
Thanks for your answer. I've posted twice and each time respondents have provided intelligent and useful remarks; however, using adjectives including 'flaming' and 'naive' which are better than more aggressive words. I'll still give you a 'thumbs up" for providing the information. Again, thanks.