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Southern Copper Corp. Message Board

rogluther 58 posts  |  Last Activity: 1 hour 34 minutes ago Member since: Feb 5, 2007
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  • Reply to

    New Executive of Sales Added

    by spanspur Jul 29, 2015 9:39 AM
    rogluther rogluther 1 hour 34 minutes ago Flag

    spanspur

    Has anyone ever actually told you what the reject or field failure or repair rates are? Not hearing about a problem does not mean it does not exist.

    Having no recall campaigns is not a measure of quality in my view ..... a recall is a measure of poor engineering, execution and/or unresponsive management and its big big deal (ask GM).

    I'm not trying to argue with you, but lets say if for every 100 units shipped only 1 or 2 need a little tweaking ..... that's a problem !

    Lets ASSUME you have a good high tech product that fills a need and solves a problem ...... then why aren't they selling? Three things come to mind, too expensive, less than desirable quality and/ or a poor sales force. It COULD also be that the company can't deliver if they get BIG orders ..... maybe you could shed some light on capacity for me.

    If it's ONLY a poor sales force, IMO you've found an answer in Eric. If not ..... there's work to be done ..... and someone had better find out what it is ...... maybe you want to ask some more questions.

  • Reply to

    New Executive of Sales Added

    by spanspur Jul 29, 2015 9:39 AM
    rogluther rogluther 3 hours ago Flag

    Since you're an insider ..... maybe you can tell me what your reject rate is? How many units need repair once in the field? Are you building product in the most efficient manner? Have you made any suggestions on how things can be done better? If so, has anyone listened? Does anyone in management let you and others know what the reject or field repair rate is and more importantly has anyone communicated a plan to improve quality and/or efficiency?

    The answers to the above questions should tell you if CDTI has a good TEAM from top to bottom. I know ..... it's up to management to communicate honestly, plan and lead ...... if they're not doing it then you and others in your position should take an active role in TRYING to change the situation.

    You're INVESTED ....... in more ways than one ...... jobs don't grow on trees ..... protect yours and help in any way possible, no matter how small.

    Think about going to management and telling them you want the company to make money and ASK them what you and your co-workers can do to help make that happen ...... it may be a small first step. You and your co-workers are what appear to be a wealth of untapped knowledge. DO NOT initially blast management as it probably won't help.

    DO NOT assume management does not read these posts ...... I'm not yet invested in CDTI and by posting on this board I'm just trying to help a little and maybe find a reason to invest.

    But what do I know? I'll tell you ..... I was an executive at Ford both at a staff and a plant level, I retired at the age of 46 in 1988 because I did not like what I saw at that time and exhausted all of my options to change it. After retirement I consulted to industry and ultimately had a retail business for 19 years before selling it before the crash ..... which I saw coming ..... I tell you this ONLY because I've been in tough situations and maybe management does read these posts ...... I know I would if I were in their position

  • Reply to

    New Executive of Sales Added

    by spanspur Jul 29, 2015 9:39 AM
    rogluther rogluther 4 hours ago Flag

    I SUSPECT that how long Eric remains at CDTI will be determined by his success and the VITAL COOPERATION of all management in addressing issues that may be hindering that success from a PRODUCT standpoint . After product issues are addressed efficiency issues are next and that will ultimately lead to the promised land if taken VERY SERIOUSLY. Ya can't sell something with too high a fail rate and ya can't make money if you're inefficient and that not only applies to CDTI but to others that may be viewing CDTI.

    IMO CDTI must learn that they need a good TEAM to reach the promised land ..... a TEAM that works TOGETHER to make up for any past shortcomings ..... Eric can help in that regard as long as there are others willing to listen, evaluate and cooperate.

    Time is not on the side of CDTI ..... they've got to make a splash before heavy equipment starts a serious swing to nat gas.

    As far as you're comment of "jumping at a paycheck" ..... there's always a reason to jump ..... but that's not Eric ..... and nobody would normally offer that paycheck if it wasn't deserved.

  • Reply to

    New Executive of Sales Added

    by spanspur Jul 29, 2015 9:39 AM
    rogluther rogluther 5 hours ago Flag

    I've known Eric for a very long time ..... he's a good guy with lots of varied experience and potentially valuable contacts. He started at the bottom at a young age (his fathers auto electric shop) and WORKED his way up.

    If anyone can improve sales it would be Eric ..... he's a solid family guy that comes from a solid family.

    That said ...... I'm not currently into CDTI ..... but the hire of Eric may change my mind since I suspect that sales may not be the only reason he was hired.

    I'll be interested to see what, if any, action CDTI takes in the near future to better control processes and improve overall quality ...... two areas that IMO are key to their future and how others view them and/or deal with them.

  • Go to Ellen Brown and read about Grexit or Jubilee.

    A little different twist.

  • Reply to

    NRF stock price performance comparison

    by cdouprey Jul 10, 2015 12:34 PM
    rogluther rogluther Jul 15, 2015 11:21 AM Flag

    jridley17 ...... Your Quote.

    " NRF has transformed itself from mREIT to mostly eREIT, A FACT THAT HAS STILL NOT SUNK IN WITH MUCH OF THE MARKET."

    The above statement indicates just how intelligent you are!

    Those hose trading the VAST MAJORITY of NRF shares know EXACTLY what NRF is ...... it's time to stop stating such drivel as even a partial excuse for recent NRF share price performance!

    "Get over your smugness. You're not that smart."

  • Reply to

    I'm a buyer at 10.

    by nickspinner Jun 30, 2015 2:01 PM
    rogluther rogluther Jul 6, 2015 3:19 PM Flag

    2nd try.

    If I'm not mistaken, some heggies were playing the Greek debt game ..... IF some of OUR heggies were into Greek debt that may help explain their need to free-up cash.

  • Reply to

    bye bye greece

    by ruswise Jul 6, 2015 8:24 AM
    rogluther rogluther Jul 6, 2015 2:19 PM Flag

    Thumbs up to you Mav. I knew you were a "smart smeller" but I didn't realize you delved quite so deeply into the banking and international finance shell game ..... good on you.

    The Primer you referenced is a good recap of what happened and why ..... everyone should read it !! The time has past where the French and German banks are on the hook for the majority of their bad loans to Greece. With the help of the IMF, ECB and Euro finance ministers they have basically laid-off most of their bad debt to Euro Zone (and other) taxpayers without ever telling those taxpayers what would ultimately happen..

    What now? If I were a guessing person I'd say this goes on for a protracted period and its 50/50 if Greece leaves the Euro Zone. On the one hand, if some compromise is reached others will be looking for concessions. On the other hand, if Greece leaves the Euro Zone and widespread Greek suffering ensues then a bright spotlight will shine on the "bankers" their motives, tactics and mistakes ...... which they do not want ..... UNLESS they can blame it on Germany ..... which they are working very hard to do (reference the news feeds).

  • Reply to

    pre market

    by baldy70994th Jul 1, 2015 8:38 AM
    rogluther rogluther Jul 1, 2015 10:22 AM Flag

    Difficult to explain eh ..... Let me think??.

    What got Greece in trouble?? Could it be unsustainable debt??

    But ..... I'm very happy that Hamo and the boys and girls are much smarter than all those stupid dolts that are selling them prime properties in the U.S. and Europe at bargain basement prices. The huge cash flow from those properties will save the day ...... and, if not, surely Hamo will find another way to shuffle papers and make us all rich! Just look at his track record ..... he's a proven winner!

    TIC

  • Reply to

    Grim Monday prediction

    by kenpalley2000 Jun 28, 2015 11:10 PM
    rogluther rogluther Jun 29, 2015 1:39 PM Flag

    You're right ..... few will ever know how much debt they've laid off but you can be assured that they have been working like beavers to get out of as much of the debt as possible for quite a while. Likely with the idea of ultimately making the lowly taxpayer (wherever they are) foot most of the bill for THEIR risk taking.

    With regard to your pension fund statement ...... I did include the word "maybe" for a reason ..... it gave me wiggle room and "maybe" it makes others think a little about unintended consequences.

  • Reply to

    Grim Monday prediction

    by kenpalley2000 Jun 28, 2015 11:10 PM
    rogluther rogluther Jun 29, 2015 1:15 PM Flag

    "Why on earth would they risk forcing more loans on a debtor and push him closer to the cliff? The simple answer is profit and control ..... pay the interest and we'll tell you what to do to sustain a debtor society and establish a one world economy from which we can profit.

    "What do they gain from a default." Tougher to answer. In the final analysis, maybe nothing or maybe they've laid off a large portion of the debt in the form of derivatives to other suckers (maybe even your own pension fund in some cases). Remember they're playing with highly leveraged money THAT LARGELY THEY'VE CREATED OUT OF THIN AIR!

    "Greece did not have to accept the loans." Neither did all those home buyers in the U.S. that led to the housing crash. It was "free money" to the borrower and profits to the lender created by little backing, no sustainability, lier loans and no or little money down to people who were stupid enough to think that the trees would continue grow to the sky. How'd that work out? It is "playing with fire" but that did not stop them.

    In the final analysis we seldom have to look further for motive than ....... money and power!

  • Reply to

    Grim Monday prediction

    by kenpalley2000 Jun 28, 2015 11:10 PM
    rogluther rogluther Jun 29, 2015 9:16 AM Flag

    Ken ..... as I believe we discussed several years ago on that other board ..... the risk is that somebody may be standing up to the "money changers" who (IMF, ECB. World Bank, etc.) are ready and willing to threaten to destroy any borrower who dares to do so.

    On the one hand we've got a lazy dead-beat borrower who is in over their head ..... and on the other hand we've got lenders who basically created money out of "thin air" whose desire is to control a lender and suck interest payments out of them.

    This whole issue, should Greece ultimately default, MAY put a bright spotlight on what can happen to a society and its people if they don't play the game. The result will be very bad for Greece but could be even worst for the "money lenders" IF OTHERS start to question their motives and tactics.

    I've said it before, the objective of a lender is to get a borrower into as much debt as possible as long as they continue to make the payments. Is this just another form of SLAVERY for those too stupid to understand the consequences? It's happening all over the world, including here ...... lenders are lending with our money and the leverage that it affords them (partial reserve banking, etc.).

    Whose side should we be on?

  • Reply to

    Load the boat @ $16, 10% Yield?

    by bacio95 Jun 26, 2015 11:26 AM
    rogluther rogluther Jun 26, 2015 2:41 PM Flag

    My response was not only directed to you but to Bacio95 who asked "what do others think."

    With regard to your comment about not having much faith in the wisdom of many tutes ...... even if you were 100% correct ..... we must NEVER FORGET that tutes can, and most times do, control the share price (assuming they have a position).

    We may never be privy to their reasons but they almost ALWAYS have the hammer and we're ALWAYS along for the ride ..... a sad commentary.

    Think about this (a little off topic) ..... how many older people were driven into the market by low interest rates? Many of these people knew nothing about the market and were happy with holding much of their savings in CD's or bonds. You know what many of these senior citizen savers are called??? ...... Prey.

  • Reply to

    Load the boat @ $16, 10% Yield?

    by bacio95 Jun 26, 2015 11:26 AM
    rogluther rogluther Jun 26, 2015 1:29 PM Flag

    "reit investors seem to fear dilution above everything, reflex is issuance=sell. in most cases they dont bother to ask how the debt is being used, or what the true net effect will be."

    Don't you think that we should remember that the "investors" that move share price are undoubtedly the tutes? It's wise for us to "assume" that they have done their homework and have well founded reasons for their actions.

    Just because we may think we "know everything" about NRF and have determined that it could be (or was) a wise investment does not make it so today ..... at least in the short to mid-term. IMO chasing a higher NRF yield is, at this point, not a wise decision. Trying to catch a falling knife (especially with leverage) can be painful since we now have no idea when that knife will hit the floor.

    Wait for an apparent bottom and then decide.

  • Reply to

    Vanguard

    by dar200 Jun 10, 2015 1:01 PM
    rogluther rogluther Jun 11, 2015 2:45 PM Flag

    Hey Mav

    The ONLY reason I'm still "beating this dead horse" is that I'm not smart enough to figger out how did day do dat ..... maybe some insider knows and would be willing to splain it to us for future reference.

    I've got a theory but it's so "out there" I'll just shut my trap.

  • Reply to

    ASARCO Negotiations

    by rogluther Jun 2, 2015 8:42 AM
    rogluther rogluther Jun 11, 2015 10:21 AM Flag

    OK I'm going waaaay overboard on you now.

    First ..... the word you're looking for is ..... successorship.

    Second ..... either party could have ended the extended contract with 15 days notice ..... but IMO it was best for the USW to do so because IF the USW elects to strike ..... Grupo could say "poor me, we didn't cause this" and would have good reason to sell ASARCO ..... do they have a buyer lined up already and are just waiting for things to play-out ..... could be?

    Third ..... the USW has been in close contact with the Mexican unions, they're working hand-in-hand against Grupo/SCCO stoking the Mexican unions and have said some very bad things about Grupo. So DAR, since I'm too lazy, why don't you find out when the Mexican contracts are up. Then think about what Grupo selling ASARCO with NO SUCCESSORSHIP AGREEMENT would say to the Mexican unions.

    Fourth ..... who might be interested in ASARCO and who may be interested in forming a link with Grupo/SCCO? Ask ..... who's got the money and who needs the copper ...... that's right ..... China.

    Fifth ...... IF China buys ASARCO it's an opportunity to take a little political pressure off themselves and put pressure on one of their biggest critics ..... John McCain.

    There ...... have I figured it all out???

  • Reply to

    Vanguard

    by dar200 Jun 10, 2015 1:01 PM
    rogluther rogluther Jun 11, 2015 9:17 AM Flag

    You were correct in saying that the buy did not move the share price ..... I too, did not expect a big up-swing in share price since I thought Vanguard would shift some of their holdings within their funds ..... looks like I was wrong on that ..... at least for now.

    I also expected some relief of down-side pressure post-buy and meaningful relief from short pressure ...... again, a wrong assumption ...... at least for now. But a down-swing in share price pre-buy tells me a lot of sellers were or are still looking for the exit ..... is my thinking wrong?

    With regard to your statement re ""were the tutes bailing on them too?" ...... it's crystal clear to me that some big holders (which I assume were tutes) were willing to bail on NRF. It's also clear (to me) that these big holders colluded with Vanguard (off-market) to implement the share transfer ..... I just can't figure out why they would help Vanguard since the APPARENT up-side was greater than the potential down-side IMO?

    When you say "I'd be more thinking they might be those abstaining though" ...... I'd be interested in your thoughts for this statement. Why wouldn't Vanguard use their new 41M share "hammer" to implement changes (like compensation) that may be in the best interests THEIR share holders ..... they do, after all, have a significant investment in NRF?

    All this just goes to prove that there are ways to "skin a cat" that we mere mortals just don't understand .... it's time for me to put my "thinking cap" back on ...... but it's old and worn after more than 50 years of use ..... and I can't find the propeller.

  • Reply to

    Vanguard

    by dar200 Jun 10, 2015 1:01 PM
    rogluther rogluther Jun 10, 2015 6:29 PM Flag

    "Also makes ya wonder how Vanguard voted on the compensation package" .....to clarify with their initial 18.75M shares.

  • Reply to

    Vanguard

    by dar200 Jun 10, 2015 1:01 PM
    rogluther rogluther Jun 10, 2015 5:55 PM Flag

    Hmmm ….. Vanguard added 22.2M shares and the share price went down! Avg closing price 5/14 thru 5/29 was about 18.22 with high close of 18.46 and a low close of 18.09. Very impressive ….. makes ya wonder how they did it …. could it be that a bunch of other tutes were “falling over themselves” to bail..... and if so, why?

    The NRF Corporate charter means nothing as Vanguard(s) is over 9.8%. Does this mean a tute like Vanguard that has various funds can own 9.8% in each of their funds? If not, what now ..... DAR???

    Also makes ya wonder how Vanguard voted on the compensation package ….. could this explain how the vote was so close. With many REITS being forced to reconsider their compensation packages maybe next time this comes up Vanguard could enlist some of their buddies to institute a new package more aligned to longer-term performance or maybe the robbers will “see the handwriting on the wall” and will actually PROPOSE a revised compensation package ….. if they don't, we'll truly know they're robbers.

    Ask yourself whose side should we be on ….. NRF or Vanguard ….. I'll go with Vanguard but it's not without another type of risk ….. if Vanguard loses confidence in NRF they've got at least 18.75M shares they may want to re-allocate ….. something to keep an eye on.

    All in all very interesting.

  • Reply to

    ASARCO Negotiations

    by rogluther Jun 2, 2015 8:42 AM
    rogluther rogluther Jun 9, 2015 10:08 AM Flag

    On 6/5 the USW gave notice to ASARCO t;hat they wished to end the extended contract which both have been working under for the last two years! Each party had the option to cancel the extended contract with 15 days notice.

    So ...... as of 6/20 there will be NO contract in force ..... the question is why would the USW do this? If I'm not mistaken ..... and I could be ..... my past experience tells me that the next step would be for the USW at ASARCO to take a strike vote and if that option passes the strike option is available to the USW. I cannot see the USW taking this step unless they were confident that a strike vote would pass.

    But ..... will they strike ..... or is this move just designed to put more pressure on the company?

SCCO
27.40-0.55(-1.97%)Jul 30 4:02 PMEDT