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Kennedy-Wilson Holdings, Inc. Message Board

peterdvorets 24 posts  |  Last Activity: Nov 18, 2014 2:58 PM Member since: Oct 3, 2001
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  • peterdvorets by peterdvorets Nov 18, 2014 2:58 PM Flag

    Although no Y#$%$hoo posters seem to be interested in TPRE, Z#$%$cks just posted #$%$ h#$%$tchet job report on TPRE's recent e#$%$rnings. Although the d#$%$t#$%$ w#$%$s f#$%$ctu#$%$l, the observ#$%$tion th#$%$t TRPE is #$%$ novice in the reinsur#$%$nce industry shows #$%$ tot#$%$l l#$%$ck of underst#$%$nding of the m#$%$n#$%$gement te#$%$m, which includes some top industry veter#$%$ns. I find myself on the opposite side of so m#$%$ny Z#$%$cks' recommend#$%$tions, I question their rese#$%$rch skills #$%$nd honesty. Are they rese#$%$rchers or shills? Peter

  • Reply to

    I think it should be five cents.

    by zam_zam_mah Nov 14, 2014 10:33 AM
    peterdvorets peterdvorets Nov 14, 2014 11:50 AM Flag

    If you weren't picking up bottles on the side of the road for a living, you could buy a lot more shares!

  • Reply to

    Flop

    by abehaus Nov 10, 2014 2:15 PM
    peterdvorets peterdvorets Nov 13, 2014 11:43 AM Flag

    The price of oil does not directly affect PACD's revenue since they operate under fixed price contracts (standard in the industry, but not sacrosanct). However, the price of oil DIRECTLY affects the lease rates that oil companies pay to drillers. Drillers are not happy to have to negotiate medium-long term leases in periods of weak oil prices because they can get locked into 2-3 year leases at lower rates. Very short term leases are impractical due to mobilization costs and the extremely high debt service costs of new drillships. While I am confident of PACD's long term value as a deep water driller, they could suffer as the new drill ships go into service and prior leases come up for renewal. By holding PACD and adding in price drops, I am betting that prices will quickly firm as shalers cut back on drilling. Long term, deep water drilling is here to stay. Peter

  • Reply to

    Short interest as of 10/31/2014

    by woodfrog8 Nov 12, 2014 11:41 AM
    peterdvorets peterdvorets Nov 13, 2014 10:52 AM Flag

    There are a lot better shorts in the oil patch and among drillers than this. Once new leases are announced, even at a low price, shorts will get it crammed to them. Smart shorts only short slam dunks. I don't see that here. Peter

  • peterdvorets by peterdvorets Nov 12, 2014 3:21 PM Flag

    Cutting 3% off your debt would normally be a positive event, but someone(s) decided it was a good time to dump. Sometimes I think some investors do not know what they own or what benefits the company. This is a huge endorsement of KW's business plan and their recent performance. Peter

  • peterdvorets by peterdvorets Nov 5, 2014 12:09 PM Flag

    Share price dropping in sympathy with XIDE which just recommended to the bankruptcy court the total wipeout of shareholder value. Peter

  • Reply to

    It will bounce back to .20

    by champ_77sport Nov 5, 2014 12:00 PM
    peterdvorets peterdvorets Nov 5, 2014 12:07 PM Flag

    Keep reading your Ouiji board and you will make some serious money. Oh, maybe you did not get the wipeout news. Peter

  • Reply to

    Will this stock ever be worth owning

    by newandadd2 Nov 3, 2014 11:22 AM
    peterdvorets peterdvorets Nov 3, 2014 2:26 PM Flag

    Yes, if you are in for the long term and enjoy steady dividends while you wait for the inevitable capital gain that comes with market growth over time. If you are in for the quick buck, maybe not so much. Peter

  • Reply to

    CONFERENCE CALL

    by medisco Oct 30, 2014 10:52 AM
    peterdvorets peterdvorets Oct 30, 2014 11:48 AM Flag

    I did not listen to the call, but the published results were excellent. Some serious people own major positions in this company. It is a keeper and is steadily building value through buy backs and dividends. People on the East Coast have not stopped driving yet! Peter

  • Reply to

    Stock Math

    by jkaness Oct 29, 2014 12:14 PM
    peterdvorets peterdvorets Oct 30, 2014 10:10 AM Flag

    You need a lesson in warrants. You get a share for $3.25 and two warrants, each of which allows you to buy additional shares at $3.25 at two points in the future. It took real skill or fast talking or both to sell buyers shares and warrants @ $3.25 when the shares could be bought on the open market for $2.00. I'd love to see the list of buyers. Either this is a steal at $1.84 or suckers just wizzed away $5.0 million.

  • peterdvorets peterdvorets Oct 24, 2014 12:43 PM Flag

    You were pretty close on the size of the offering - 1.875 million shares is the close. This may not get them the capital they need, but with all of the irons they have in the fire, if one of them doesn't break for them big time, they might as well pack it up. I'll hold for a while. Peter

  • Reply to

    Capes up 54% in 2 days

    by foo_star Oct 22, 2014 8:39 AM
    peterdvorets peterdvorets Oct 24, 2014 11:35 AM Flag

    I agree that the DRYS offering pricing disaster is likely causing weakness in NM. No comparison between management with Economou paying dearly for excessive leverage. Peter

  • Reply to

    No Need To Break Out The Champagne For Q3 Results

    by abbaman7 Oct 23, 2014 7:38 AM
    peterdvorets peterdvorets Oct 23, 2014 3:42 PM Flag

    Treading water will apparently continue for quite a while. I have no problem holding for long-term value accretion while collecting a dividend. This is a core holding for me based on macro food trends. Boring, but reasonably safe. Peter

  • peterdvorets peterdvorets Oct 22, 2014 12:03 PM Flag

    I suspect that Maxim's sales are on a "best efforts" basis, which means Maxim has no obligation to purchase any deficiency in sales from the target. It is unfortunate that Axion is in this situation, but it has failed to substantiate the market value of the product despite pretty pictures of a truck rolling down the highway, a retrofitted train engine, etc. The technology works, but apparently does not provide sufficient savings/profit to make it commercially viable. I declined Maxim's offer, but will hold my long painfully-held shares in case lightening strikes. Peter

  • peterdvorets peterdvorets Oct 21, 2014 9:31 AM Flag

    Well, maybe. But they have to did deeper into replacing the prior management which assembled decent assets but could not manage them. A qualified team could add some real value here. I'll hold. Peter

  • peterdvorets by peterdvorets Oct 16, 2014 4:09 PM Flag

    Got a phone call from McKenzie Partners (proxy firm) asking for my telephone vote on management's proposal. I informed the caller I mailed it and he requested I authorize my vote over the phone, which I declined. Don't know what is up with that, but I feared there could be a competitive solicitation for which the caller could change my telephone vote. Tough being a cynic. Peter

  • Reply to

    Up 11% on decent volume

    by franciswool Oct 16, 2014 11:57 AM
    peterdvorets peterdvorets Oct 16, 2014 2:42 PM Flag

    Funny fellow!

  • Reply to

    Pre-market

    by i_call_b_s Oct 16, 2014 9:01 AM
    peterdvorets peterdvorets Oct 16, 2014 10:00 AM Flag

    It is highly unlikely that there is something behind the scenes that is responsible for this drop. IMO, it is entirely a short-term market reaction to the economics and politics of oil. PACD is pretty solid with respect to contracts and revenue rates for the near term. Unfortunately, we may have to wait a long while for sentiment to recover. PACD is likely to report solid earnings growth and is still likely to declare a dividend over the next year or so. Management is excellent, the strategy is excellent, the assets are superb. I'm holding and may buy more although I am choking on it. The best of the deep drillers. Also, the US oil surge will poop the bed quickly as oil pricing dries up capital access and decline rates with low prices make many wildcatters uneconomic. Peter

  • Reply to

    Relatively healthy additions .....

    by jackmaster20 Sep 18, 2014 12:39 PM
    peterdvorets peterdvorets Sep 29, 2014 1:54 PM Flag

    Jack: You need to keep buying; I'm getting killed! This price action is totally irrational with respect to the company's position. It can only be justified by a severe global slump that drops oil to $50 bbl. Not likely, but possible. I stopped buying PACD on Friday and am choking on it, but holding. Good luck to all longs. Peter

  • Reply to

    Aussie banking sector getting hammered

    by wright.tom64 Sep 29, 2014 9:33 AM
    peterdvorets peterdvorets Sep 29, 2014 12:25 PM Flag

    Reaction possibly due to Hong Kong riots and political difficulties which could lead to broader China difficulties with resultant Aussie problems. China seems intent on killing the golden economic goose for political reasons.

KW
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