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V.F. Corporation Message Board

rgchjr1945 67 posts  |  Last Activity: Aug 28, 2015 2:41 PM Member since: Sep 27, 2011
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  • rgchjr1945 rgchjr1945 Aug 28, 2015 2:41 PM Flag

    more spam

  • Reply to

    general mills selling green giant vegatables

    by kmaxdraquman Aug 27, 2015 5:14 PM
    rgchjr1945 rgchjr1945 Aug 28, 2015 1:19 PM Flag

    General Mills is said to have also received offers from the French food group Bonduelle and the private equity firms Cerberus Capital Management and Platinum Equity. You are right B&G will not break the bank to make a deal. But why is there a report that they are in talks. If it was definitely a no go I do not think we would have even heard their name mentioned. There are lots of ways that you can juice the EBITda especially when a company is sold to another. I see this all the time in the pipeline business. I am by no means an expert in the food industry so it was just a WAQ.

  • Reply to

    CRUDE STILL RISING TODAY!

    by igurumo Aug 28, 2015 10:15 AM
    rgchjr1945 rgchjr1945 Aug 28, 2015 1:04 PM Flag

    Futures contracts seemed to bounce off the old bottom reached earlier this year. A test a survival for now and also a double bottom. Demand has been not the reason for this collapse but over supply which happens when there is a bull market in a commodity. The fact that it is pretty easy to develop a shale field compared to say deep water drilling, volumes ramped up pretty fast. I think the lack of investment will mow bring things back into balance. This may not be the absolute turning point because there are still large volumes of crude in storage. Finally do not just focus on WTI but also Brent because many of theses large US based companies COP, CVX, XOM and OXY all have significant overseas operations and $50/ barrel will really help out.

  • rgchjr1945 rgchjr1945 Aug 28, 2015 10:43 AM Flag

    PSX was around $82 when you wrote this message and now $76 - $77 after tanking down to around $70. I do not think PSX is over valued but unfortunately part of some ETF's that include all the big companies. So we have to accept the fact that it does not trade on fundamentals. I liked this company from the split and bought a lot when it was under $40 and the gyrations do not concern me. % years from now nobody will even remember this little glitch except if you sold out and never got back in. I do not know how they calculate the PE in Yahoo, but based on next years estimates we are just under 11X earnings. Higher than most refiners but they don't have the 50% ownership in a good chemical company or all the midstream assets

  • Reply to

    Cash bid for STJ

    by bjornbjorg Aug 27, 2015 8:15 AM
    rgchjr1945 rgchjr1945 Aug 27, 2015 12:45 PM Flag

    They also like to pick up private companies that are family owned as bolt ons.

  • Reply to

    Cash bid for STJ

    by bjornbjorg Aug 27, 2015 8:15 AM
    rgchjr1945 rgchjr1945 Aug 27, 2015 10:53 AM Flag

    Why would it tank? Based on the last conference call I do not see Miles paying 21 - 22 X earnings for STJ when ABT is only 15 X. That does not make sense at all. If you stop and think about it it would be a bad deal and the stock would tank.

  • Reply to

    this stock is a fighter

    by kmaxdraquman Aug 20, 2015 2:58 PM
    rgchjr1945 rgchjr1945 Aug 27, 2015 10:43 AM Flag

    When you look at VVC over 40% ot the shares are owned by individuals who probably like the dividend. Most of the rest probably by utility funds and ETF's It is not a very big company, does not move a lot and therefore of little interest to fast change artists on wall street. However, we are down about 17.5% due to interest rate issues. VVC probably ran up too high when everyone was looking for yield and now has overshot on the downside due to impending FED tightening. We are trading at 15.5 X next years earnings which is not cheap. Personally I do not think long rates will go up that much and so VVC should do OK. The last time the US had an episode like 2008 - 2009 was in the 1930's and it took all the way to the 1960's for long rates to recover. It took us from 1980,s high inflation to get where we are now and things will not spike up again for years. The best thing that happened to VVC was getting rid of those two energy supply business and coal mining. If you noticed since then earnings have perked up and the dividend was increased by 2 cents per quarter rather than 1/2 cent. In the last couple of years it has turned into a nice steady company. Part of the reason I own VVC is because I am a natural gas customer.

  • Reply to

    COAL

    by wittbillmar Aug 27, 2015 9:28 AM
    rgchjr1945 rgchjr1945 Aug 27, 2015 10:27 AM Flag

    The problem with coal is not so much global warming (which is a joke) but the acid rain it produces. There are a lot of areas on the east coast which have suffered great damage. Lakes where all the fish are dead etc. With scrubbers and other equipment to clean up the smoke stack discharge many coal plants will be around for many years. You just cannot replace all the plants. I do not think the idiots have any idea about the volumes of coal used and what it would take to replace it. As far as using other forms of energy, gas has limits based on where the pipelines run and the ability to add new ones. The same idiots who want to do away with coal don't want a pipeline running near where they live. Solar and wind have a place but the grid cannot handle a high percentage of those forms of power due to base loan requirements. Outside of the wind corridor running up north from Texas it is not as reliable as one might think. Solar is great across the southern part of the US but it is still in its infancy. So we do need to move into the modern world but must do it smartly.

  • rgchjr1945 rgchjr1945 Aug 27, 2015 9:47 AM Flag

    As we can see PSX went down around $12 from its recent high. There does not seem to be any rational reason for these swings but getting caught up in the energy space down drafts. In the mid west the BP refinery issue allowed everyone else to jack up the price so the other refiners should have done pretty good. For someone who wants to get in this is a good time to start a position. It may go back down again because I do not think this market turbulence is over. I was actually looking at it the last few days but already own a lot and will be adding in some none energy areas.

    Sentiment: Buy

  • rgchjr1945 rgchjr1945 Aug 26, 2015 3:09 PM Flag

    No if that were happen you would get on the end of a line at a soup kitchen because that is the only way you will eat.

  • Reply to

    Did This Really Trade Under………...

    by stormfront2020 Aug 24, 2015 1:00 PM
    rgchjr1945 rgchjr1945 Aug 25, 2015 12:22 PM Flag

    There was at least a bid for $50.84. The first trade may or may not have occurred at that price because it quickly spiked to over $60. There was a lot of program trading in the being machine to machine driven by algorithms. Even so it is impossible to trade because of the gyrations and the tremendous volume. Very difficult to get the price you want.

  • TIS managed to keep most of the gains since the last earnings call until Friday. I also see some of the stalwarts like Colgate also got hit. Looking to buy more depending on were we settle out. TIS has rising revenues, improving profitability, expanding production facilities and more importantly little currency risk. Anyone have anything to add?

  • rgchjr1945 rgchjr1945 Aug 23, 2015 11:09 AM Flag

    Has nothing to do with investing but common sense which apparently you have very little of.

  • Reply to

    Dividend X-d date

    by richardprice995 Aug 18, 2015 10:16 AM
    rgchjr1945 rgchjr1945 Aug 22, 2015 6:09 PM Flag

    I was right on the declaration date as it happened 8/20. They crossed me up on the X-date since at September 10th it is about a week later than the last few years.

  • Reply to

    Lack of Customer service hurts Lowes

    by robbyd1956 Aug 20, 2015 3:53 PM
    rgchjr1945 rgchjr1945 Aug 22, 2015 12:54 PM Flag

    You get what you pay for. The local guys were driven out because consumers wanted low prices. I lived in North East NJ for most of my life and a number of old lumber yards survived because on a Saturday you could spend half the day getting to a big box home center. The little guys were closer and the prices were not that much higher.
    During the 1960's building boom I worked at a local lumber yard in the Summers and quickly learned all the major building products. For a small charge a customer could bring in the plan for a book case, buy the lumber and we could cut the whole thing up. All they needed to do was assemble and then finish to match whatever space it would go in. We sold a lot of product to contractors who appreciated the great service and first name relationship. Originally it was lumber and coal operation. The coal morphed to heating oil and oil burner service.

  • Reply to

    Pirates Booty

    by ahbn6 Aug 7, 2015 6:26 PM
    rgchjr1945 rgchjr1945 Aug 22, 2015 12:41 PM Flag

    I do not live in NJ anymore. However, you can find out where Pirates booty is sold because it has its own website. Put in a city and state in the store locator and all the stores in the area that carry the product pop up on a map. I checked a few cities and Walgreens carries it Checked locally in central Indiana and you have Kroger, Target, Walmart, Meijer & Walmart. Within 15 miles of my house over 20 of those stores carry Pirates Booty. Just for the heck of it I typed in Salt Lake City and over 20 stores popped up in a one mile radius.

  • rgchjr1945 rgchjr1945 Aug 22, 2015 12:25 PM Flag

    MMM is not all heavy industry.The Safety & graphics, Heal Care and Consumer divisions make up about 49% of total company revenues. Those 3 divisions' marin are also higher than the Industrial or Electronics & Energy divisions that make up 51% of revenues. Company is getting hurt more by strong $ than anything else.

  • rgchjr1945 rgchjr1945 Aug 22, 2015 11:14 AM Flag

    Let me be specific in my answer, you have absolutely no idea what you are talking about and are basically enjoy shooting your mouth off. I personally know a number of people who would not be here today if it were not for cures developed over the past 20 - 30 years. My father died of cancer at a young age before they had all these cures today. My best friend had inoperable tumor 17 years ago and is still here today thanks to pharma products. So please just shut up.

VFC
73.08-0.23(-0.31%)Aug 28 4:02 PMEDT