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Kinder Morgan Energy Partners, L.P. Message Board

richoncat 52 posts  |  Last Activity: Sep 19, 2014 7:58 PM Member since: Nov 24, 2006
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  • Reply to

    Where Do Shorts Go to Lick Their Wounds?

    by richoncat Jul 3, 2014 9:57 AM
    richoncat richoncat Sep 19, 2014 7:58 PM Flag

    Does anyone wonder why I don't engage with this knucklehead? I sure don't need this harassment. Later.

    Sentiment: Hold

  • Reply to

    Greetings to richoncat ...

    by ray839 Sep 18, 2014 7:04 PM
    richoncat richoncat Sep 19, 2014 10:11 AM Flag

    Will do. My long term view remains the same. The world needs what CAT builds. Central bank policies come and go. People's needs remain the same. Infrastructure, airports, hospitals, clean water, sanitation ... We've avoided a huge global depression by the actions of the Fed, ECB, etc. Not sure why anybody would attack those policies. What was the alternative? But that's the dominant theme here now, "Stick it to the man" If fundamentals don't matter what's the point of posting on a message board. It takes two to engage in a knife fight. Otherwise he's just tilting at windmills. I decline to be associated with it. So be it.

    Sentiment: Hold

  • Reply to

    Greetings to richoncat ...

    by ray839 Sep 18, 2014 7:04 PM
    richoncat richoncat Sep 19, 2014 9:07 AM Flag

    Alive and well. There just is no reason to post anything here. My message board is loaded with Ignore notifications as one poor soul seems to believe this is his forum to dominate (10 of the last 20 posts from one guy). I decided to let him have it. Obviously he has a vendetta against successful, wealthy people in general and me in particular. I've decided it's better to walk away than to be part of it. I have lots of better things to do. WMiller is spot on. McKay's refreshing but he'll soon become tired of it as well. Thanks for your concern, but I'm fine. Later.

    Sentiment: Hold

  • Reply to

    CAT Message Board

    by nvestor8 Aug 6, 2014 10:45 PM
    richoncat richoncat Aug 7, 2014 1:29 PM Flag

    Hey Bozo, I've been traveling. You know I have to visit my many homes homes to keep the tax deductions active. I have no idea who this nvester8 guy is, but he's not me. If I have something to say I'll use my own handle. 1 acct, 1 voice, 1 opinion, 1 idiot on IGNORE. BTW you've been bearish during one of the largest bull markets in history. Wrong before, wrong now, wrong in the future. I can't believe anybody with a brain would actually engage with you. BYE.

    Sentiment: Hold

  • richoncat richoncat Aug 1, 2014 12:08 PM Flag

    "Middle Class Jobs are Finally Coming Back"

    And the trend should continue. "The mix of jobs is improving," said Ryan Sweet, director at Moody's Analytics, which found that growth in mid-wage jobs has accelerated to an average of 1.5% in 2014, from 1% for the two years prior. "As the economy begins to grow consistently above its potential, we will see more middle class jobs being created."

    Oh that's got to be bad news.

    Sentiment: Hold

  • "Consumer Spending in U.S. Rose in June by Most in Three Months"
    "Food-Stamp Decline Shows Low-Income Relief: EcoPulse"
    "Twin Corn Ears Expand U.S. Yields With Bin-Busting Crop"

    That can't be good for the US economy, right?

    Sentiment: Hold

  • Hey Toothy, CAT's trading below the lower Bollinger Band and the RSI is near 30. Do you think I should make another short term buy call so you can harass me about it for the next 3 years? You know I don't believe any of the technical mumbo-jumbo that thinks near term statistical results have any influence on future price actions. But I guess I feel compelled to give you something to follow and criticize anything I say. So, consider it done. Buy here maybe we can make a buck together. Sweet.

    Sentiment: Buy

  • richoncat by richoncat Jul 31, 2014 8:46 AM Flag

    "Jobless Claims in U.S. Over Past Month Drop to Lowest Since 2006"
    "Mid-Wage Work Comes Back as U.S. Moves Past Burger-Flipping Jobs"
    Headlines showing US economy gaining strength. If we can get a little correction here, then we'll be off to new highs. Come on in bears, the water is fine. Short a little here, short a little there. Oh Toothy is gonna be pi$$ed. You know he hates good news. It doesn't fit with his vision of a screwed up world.

    Sentiment: Hold

  • Reply to

    RICH: share count Q

    by quantuon Jul 29, 2014 1:39 PM
    richoncat richoncat Jul 30, 2014 6:40 AM Flag

    I don't know how many shares they grant every year. 8 mn wouldn't be out of the question I guess. Since options are now an expensed item the number must be buried in the financial reports somewhere. It's still has the effect of taking stock out of circulation as they would have issued new shares if they hadn't bought some back to distribute via options.

    Sentiment: Hold

  • Reply to

    Accelerated Buyback After 7 Point Drop

    by richoncat Jul 29, 2014 9:54 AM
    richoncat richoncat Jul 29, 2014 10:22 AM Flag

    Well we've heard from several of out resident bears with comments similar to the one I mocked. It's hilarious.

    Sentiment: Hold

  • Reply to

    CAT is Panicking with buy back

    by masterblastersims Jul 29, 2014 10:09 AM
    richoncat richoncat Jul 29, 2014 10:20 AM Flag

    Evidently Mr Market likes it. +$2.00 this AM. I hope they panic more this year. BTW all their debt is back by receivables at CAT Financial, but you already know that you just choose to ignore it.

    Sentiment: Hold

  • Reply to

    Accelerated Buyback After 7 Point Drop

    by richoncat Jul 29, 2014 9:54 AM
    richoncat richoncat Jul 29, 2014 9:56 AM Flag

    By the way what happened to Chanos? He's been awfully quiet since he blew this call.

    Sentiment: Hold

  • Oh I can hear the howling already. "Borrowing money to buy back their stock". "Phony books to hide their losses". "Just more financial engineering to delay the inevitable meltdown". What a bunch of garbage. This is a tremendous use of their free cash flow. Return value to shareholders while they await the rebound in the mining business.

    Sentiment: Hold

  • Reply to

    Predictions on 2Q Earnings

    by jjvors2 Jul 20, 2014 7:54 PM
    richoncat richoncat Jul 28, 2014 7:00 PM Flag

    Well I nailed this one. $1.69 excluding restructuring costs. But like I said it wouldn't matter if revenues came in short. So we sell off $7. The fast money heads to the exits. They'll keep propping up the stock with buybacks and dividend increases but the real move won't happen until revenues improve. So where do you think we are in the cycle? Are we approaching the end of the cycle with interest rate gains, economic slowdown and market contraction or are we at the beginning of the next expansion leg? If you believe the former it's time to bail. If it's the latter, double down as new highs are in the future.

    I'm not thinking Mr. Friendly is going to be much help. I might just take Toothy off IGNORE to watch him bash this guy, That should be fun.

    Sentiment: Hold

  • Reply to

    richoncat-Heavy-Machinery Makers Push Tracking Tools

    by ray839 Jul 27, 2014 9:29 PM
    richoncat richoncat Jul 28, 2014 12:29 PM Flag

    The parts business is the crux of their business strategy. They view the worldwide machine population as an annuity that will drive parts demand for decades. The big machines will consume up to five times its original cost in parts over its lifetime, $millions. Parts with margins of 300-400%. The smaller machines skid steer and backhoe loaders are more of the throw away variety. They replace filters, hoses, pumps and the like on small machines but big rebuild items, transmissions, engines, final drives, undercarriage etc are reserved for the large machines. Many will be rebuilt several times over their useful lives.

    Many equipment manufactures use off the shelf, purchased third party components. CAT generally designs proprietary components precisely because that requires customers to come back to CAT for those replacement parts. The parts business is built into every design, sourcing and sales decision. How will that decision impact the highly profitable parts business? That's why it's very common to find purchased components on the smaller machines and CAT designed and sourced components on the big machines.

    Internet linked machines will alert customers and dealers if there are issues with their machines. The logic being make small repairs before they result in big system failures and resulting increased operating costs. Thus constantly connecting the customers to CAT dealers. By contract dealers are required to purchase their parts from CAT unless they are working on competitors machines. You will never see an aftermarket, will fit part coming from a CAT dealer.

    Sentiment: Hold

  • Reply to

    Out of ideas but still plenty of gimmicks...

    by disk_masher Jul 24, 2014 11:02 PM
    richoncat richoncat Jul 25, 2014 8:48 AM Flag

    Would you like to detail your allegations? They made a billion dollars on $14B in sales. They don't control the economy. What decision did they make to slow down China growth or cause the European recession or finish the World Cup development in Brazil? Which of the managers do you believe is doing a bad job? You just want to "stick it to the man". You have no idea how hard those jobs are and how many hours those guys work. Trust me you couldn't keep up with their secretaries. Two good quarterly beats under less than stellar conditions. What else do you want?

    Sentiment: Hold

  • Reply to

    Has anybody seen Backlog?

    by cat_2_75 Jul 24, 2014 1:44 PM
    richoncat richoncat Jul 24, 2014 2:40 PM Flag

    Huh? A stale number being carried over from quarter to quarter? Backlog is the difference between order rates and production rates. Many of CAT's high end products are made to custom order with lead times exceeding 90 days. So by definition any custom machine ordered this quarter will be in backlog until it is produced several months from now. They don't keep an unlimited number of 797 truck frames, 994 buckets or 3516 engines on hand. Over time if order rates exceed capacity backlog will grow. When matched it'll stay constant. When they're under current capacity it will decrease. It's just math.

  • Reply to

    CAT Results

    by richoncat Jul 24, 2014 7:39 AM
    richoncat richoncat Jul 24, 2014 9:41 AM Flag

    I said yesterday that continuing the run up in CAT stock was contingent upon revenues starting to improve. This year will probably be one of the best three in company history but will remain nearly 20% off record highs seen in 2012. But without a hint of near term revenue increases it'll be tough to maintain better than market multiple. Let's see what they say on the call at 11:00 ET. Operationally they're doing really well. Variable costs well under control and CapEx held to a minimum. They can bounce along at this level and generate a ton of cash. But until we see revenues increase, I think we've seen the near term highs.

    Sentiment: Hold

  • richoncat richoncat Jul 24, 2014 9:22 AM Flag

    Second largest global construction market at 6% of Cat's revenues? Get you facts right. CAT expects China to eventually grow into a a huge market hence all the investment there, but that will take time. BTW they don't use borrowed money to fund stock buybacks. They use free cash flow. CAT Finance borrows to fund their business and it's covered by receivables.

    Sentiment: Hold

  • Reply to

    CAT Results

    by richoncat Jul 24, 2014 7:39 AM
    richoncat richoncat Jul 24, 2014 8:43 AM Flag

    Why not now? Would you wait for it to go much higher in the future? They obviously think that future results will be much stronger as mining recovers. They have record free cash flow at this moderate business level, and their debt is covered by CAT Financial's receivables. What would you have them do with the extra cash?

    Sentiment: Hold

KMP
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