I like MITL on a value basis.
However, I question your "conservative" PE of 20. Revenue growth seems less than 10%. I would take a PE of 12-14.
Yes, I think WNR will buyout NTI by year-end.
They already bought the LP WNR units.
They bought the management and a portion of NTI units.
With financing, WNR will complete the buyout.
Of course, the question is: What price for NTI? Probably 10-20% premium.
Yahoo has analyst EPS estimates for 2014, 2015 as 3.27, 2.11. Revenues 427m, 520m. Furthermore, 2016 EPS projected as 1.72.
What accounts for declining EPS as revenue increases? Why as more residual units are rehabed and rented ( decrease vacancies), would EPS decline?
I would think leveraged Real Estate will appreciate with rising inflation and rates.
What accounts for surprise loss in Q4?
They said adjusted earning were -.06. However, they did not break out the expense of EPL acquisition and integration.
The largest boost to expense were interest. Carrying $3.7 billion of debt severely cuts profitability.
EXXI stresses growth of reserves.Unfortunately, the street wants earnings now.
Article on Reuters, says Trafigura's Iron Ore Port in Brazil may delay opening until Q1 2015. Could this account for GGB drop.
Also Brazil's Stock index dropped nearly 2%. Must be local politics leading to Presidential election. Stateside steel companies doing well.
Stated 2014 guidance was low to midpoint of EPS range 5.25 to 6.25. Mean would be 5.50.
Analyst EPS estimate is 5.23.
Thus, with all the adjustments, WAC is guiding to 5.50 vs. analyst guess of 5.23. Seems positive.
S&P reports can be found on TDAmeritrade, among other brokers.
Prior to earnings, S&P had $30 price target. Projection based on 0.63 in Q2, and 0.32. Bummer earnings and guidance were below these estimates. Hence, expect S&P to lower price target.
However, given 50% plus upside,even with lowered price target, they probably will maintain Strong Buy.
Obviously, S&P has be wrong so far.
The 8-K is posted on SEC site under ticker SYNM. It reads
In connection with the Distribution, each stockholder of record of the Company as June 11, 2014 (the “Final Record Date”), being the date on which the Company filed its Certificate of Dissolution with the Secretary of State of the State of Delaware and closed its stock transfer books, received approximate 0.2103 Shares (rounded down to the nearest whole Share) with respect to each share of the Company’s common stock held by such stockholder as of the Final Record Date. Following the Distribution, the Company continues to hold 1,397,734 shares of REGI common stock (the “Retained Shares”).
Subject to the terms and conditions of the Plan, the Company intends to make subsequent distributions of Retained Shares. The timing and amount of any such subsequent distributions remains uncertain and will depend on the Company’s ability to satisfy its liabilities and obligations, including, without limitation, liabilities that may arise in connection with the on-going shareholder litigation related to the Asset Sale. Notwithstanding anything contained herein to the contrary, any determination regarding the timing and amount of any subsequent distributions will be made by the Company’s board of directors in its sole discretion, and there can be no assurance that any such subsequent distributions will be made promptly or at all.
Bottom Line: We get .21 shr/SYNM very soon. Remaining 0.14 REGI/SYNM shr may be distributed whenever Sooner board decides that all outstanding issues/litigaton has be settled.
The article was at Reuters July 30.
I just trade symbols. But it would be nice to know if TSEM is Tower Semiconductor or TowerJazz?
BTW Blowout earnings. Once the fighting dies down in Israel, we should hit 17.
Sentiment: Strong Buy
At today's Conference call, REGI must address the SYNM issue. When does the conversion become effective?
If the issue is not discussed, someone during Q&A must bring up the subject.
Of course, I'm not too mad as long as REGI rises.
Within the article on mortgage servicers, they discuss intrinsic value:
Ocwen's intrinsic valuation is $45.39, versus the stock's close of $35.17 on Tuesday, according to StarMine. Based on the same model, Nationstar is worth $52.83 versus a close of $31.95 and Walter offers even better prospects: $79.96 versus $28.92.
All we need is a good faith dividend.
Sentiment: Strong Buy
Buffet did not get rich by selling when crowd fear drives down price - irrationally.
I think he has the clout to do due diligence far beyond any sell side analyst. He has direct access to management and the books given his 8% ownership.
Panic will subside.
Has anyone traced NG prices. It has dropped from 4.50 to 3.76. Crude prices are holding up.
Does EXXI get a large percent of revenues from NG?
What accounts for this drop way below PV-10 value?
I thought the Oil E&P stocks would hold up in any stock correction.
Sentiment: Strong Buy
SYNM update news should be announced at REGI earnings conference call Aug 4. If not, we need market place to trade SYNM conversion rights.
Cramer, on Mad Money, July 21, endorsed RRD and its 6% dividend. Seeking Alpha reported :
Cramer took a call:
R.R. Donnelley (RRD) is oversold, and Cramer likes its long-term strategy.
Good div with 20-40% upside. Not bad for a over priced market.
Thanks much for that catch on opening in June, 2013. My reading comprehension needs an upgrade.
Why would Market Wire put out the story just the other day? Was it misleading propaganda by REGI? Did it contain any new news? Unfortunately, the full article is subscriber activated.
There was a July 17 story on Market Wire (found on my TDAmeritrade web site). Note: REGI has not issued any press release on this matter.
REGI seems very positive on its biodiesel market plan. Why else would it 1) reopen Texas plant; 2) buy SYNM; increase production at other plants.
Meanwhile, we are all waiting for tax credit news.