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Marriott International, Inc. Message Board

sage2123 107 posts  |  Last Activity: 13 hours ago Member since: Mar 1, 2009
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  • As for Broadcom's 10,650's employees and Avago's 8,400 workers, please familiarize yourselves with the definition of "synergies" of which the combined company says there will be some $750 million in 18 months which should translate to about 2-3,000 pink slips.

    Sentiment: Sell

  • Frontier Communications (NASDAQ:FTR) is up 5.5% out of the open as Morgan Stanley has upgraded the shares to Overweight, from Underweight, a two-notch move.
    The analysts lowered their price target on shares, however, to $6 from $7, saying it's attractively valued at the moment. Shares are trading this morning at $5.19.
    Pressure related to the company's integration of Connecticut lines "should stabilize in coming quarters with improved pricing trends, potential CAF Phase II funding, easing backhaul pressures and potential bonus depreciation extensions," MS said in its report.
    The analysts say the dividend payout is sustainable -- management guided to improving payout ration 13% from the Verizon deal -- "so there could be further upside to our estimates."

    Sentiment: Buy

  • sage2123 by sage2123 May 27, 2015 9:48 AM Flag

    And now we are seeing the correction.

    Sentiment: Buy

  • Profit up marginally, but revenues down.

    This coming from the bell weather housing company.

    In other news, mortgage applications are down.

    And the recovery rolls on.

    With the average rate on the 30-year fixed mortgage now decidedly above four percent, borrowers are pulling back from refinances and struggling to make home purchases during a historically busy time of year for housing.

    Total mortgage application volume fell 1.6 percent on a seasonally adjusted basis from one week earlier, for the week ending May 22, according to the Mortgage Bankers Association (MBA). While volume is still higher than a year ago, it has fallen 10 percent in the last four weeks.

    Sentiment: Sell

  • Reply to

    SUB $5.00 coming soon

    by owens132000 May 19, 2015 1:10 PM
    sage2123 sage2123 May 26, 2015 11:08 AM Flag

    sage, can we please get back to discussing FTR instead of hearing personal details of your life?

    This Bd is for a discussion of facts about FTR.

    We are losing LT people like rollerbholt because he thinks stuff posted here doesn't help him understand why FTR keeps tanking back sub $5. So give a care and stop posting buffalo chips.

    Sorry now2000, but message boards can be used in any manner the poster wishes.

    I've read about personal travails on many boards, including this one. Some posters were wondering about my recent lack of involvement on the board, so I wanted to provide an update. Using FTR proceeds to fund college educations has been a long standing reason of the trusts ownership, and this continues. I have been on this board for over a decade now, and nothing has changed.

    Sub five looks like a good entry point if someone is looking to get in. If volatility is an issue, you may want to avoid FTR.

    Now2000, are U happy?

    Sentiment: Buy

  • Reply to

    SUB $5.00 coming soon

    by owens132000 May 19, 2015 1:10 PM
    sage2123 sage2123 May 26, 2015 10:38 AM Flag

    Still here guys, but busy with the Ecommerce consulting gig and upcoming graduations.

    Some FTR proceeds will now be used to help with additional family members college educations.

    Waiting for the June dividend.

    Cheers.

    Sentiment: Buy

  • Funny isn't it?

    FTR bashers never want to compare FTR with a company like this. No, they trot out Apple, VZ, Google, and all the other high flyers.

    Well....there are many companies out there, and some of them aren't doing so good.

    Case in point....

    The decline of Hanergy Thin Film Solar Group Ltd. was as spectacular and inexplicable as its ascent.

    Just 24 minutes of Hong Kong trading erased $18.6 billion of market value and wiped out almost four months of gains that made it more valuable than Sony Corp. of Japan. Those increases came as analysts and investors questioned why, exactly, this stock was increasing in the first place.

    The maker of solar equipment controlled by Li Hejun suspended trading after the stock plummeted 47 percent in the morning. Discussion of what triggered the move emerged after trading halted.

    Hong Kong’s Securities and Futures Commission has been probing market manipulation in Hanergy’s shares for several weeks, Reuters reported late Wednesday citing an unidentified person. Ernest Kong, a spokesman for Hong Kong’s Securities and Futures Commission, declined to comment to Bloomberg.

    Sentiment: Buy

  • Reply to

    FTR ILLINOIS OUTAGE WHOLE STATE 5/12/2015

    by cd_iso May 18, 2015 2:31 AM
    sage2123 sage2123 May 18, 2015 7:51 AM Flag

    Power, website, cloud, and internet outages occur all the time.

    So much so that there are dedicated websites just to track these events.

    Sentiment: Buy

  • LEE COUNTY, FL -
    We learned on Friday that Hertz is going to close 200 stores in the United States. The cutbacks come as the rental car giant builds its new global headquarters in Southwest Florida.

    Hertz didn't have a good first quarter of the year and on Friday investors bought into the changes.

    The stock price closed up 5-percent.

    The 200 stores closing are away from airports, which amounts to about 5-percent of Hertz's off-airport sites. Hertz has 19 of those locations in Lee and Collier County - but none are closing here.

    The cuts are expected to save the company $10 million per year.

    Sentiment: Sell

  • Ice-cream maker Blue Bell Creameries LP said it would lay off 37% of its 3,900 employees as it works to recover from a sweeping recall of all its products last month because of a listeria outbreak.

    The Texas company said on Friday it will lay off 750 full-time and 700 part-time employees, and put another 1,400 on partially paid furlough. Blue Bell also is taking other cost-cutting measures, including salary reductions for remaining staff.

    The company said the moves were necessary because cleaning and improving its four production plants will take longer than it initially anticipated, especially at its main plant in Brenham, Texas.

    “The agonizing decision to lay off hundreds of our great workers and reduce hours and pay for others was the most difficult one I have had to make in my time as Blue Bell’s CEO and President,” Blue Bell Chief Executive Paul Kruse said in a news release.

    Blue Bell, a 108-year-old company that is among the biggest U.S. ice-cream makers, voluntarily recalled all of its frozen desserts in April after the U.S. Centers for Disease Control and Prevention linked its ice cream to a listeria outbreak that has resulted in three deaths and additional illnesses.

    Blue Bell said Friday there is no firm timeline for when it will begin producing ice cream again. When it does begin, it will be limited “and phased in over time.”

    Sentiment: Sell

  • sage2123 sage2123 May 16, 2015 3:25 PM Flag

    And builders remain overly optimistic?????

    Sentiment: Sell

  • sage2123 sage2123 May 16, 2015 3:23 PM Flag

    We know the history of take overs of VZ spin offs.

    Yes we do, when others buy VZ assets they fail. When FTR buys VZ assets they succeed.

    Dividends have been cut.

    Yes, twice. Then they were raised.

    Sentiment: Buy

  • sage2123 sage2123 May 16, 2015 3:20 PM Flag

    Zero percent chance.

    Sentiment: Buy

  • Oops...

    Homes are selling at a faster clip this spring, but something still isn't quite right in housing.

    Thanks to the epic real estate crash of the last decade, market watchers and reporters now have a whole cottage industry of data providers to track every move in home sales and mortgage financing. But looking at all those numbers now, something doesn't add up to a "normal" housing market.

    Lower rates, however, did not translate into more mortgages to purchase a home. In fact, purchase loan originations were down 25 percent in the first quarter from the previous quarter and up only 1 percent from a year ago, according to new numbers from RealtyTrac.

    "The purchase loan market remained largely missing in action despite tepid growth from a year ago. The prime buying season still remains ahead, providing some hope that first time homebuyers and other traditional buyers relying on traditional financing will come out of the woodwork in greater numbers in the coming months," said RealtyTrac Vice President Daren Blomquist.

    But in analyzing the numbers, Blomquist admitted that FHA insured loans, a favorite among first-time buyers due to their low minimum down payments, saw weak volume. Granted the first quarter was still winter, but the comparison to a year ago points to weakness, especially given that the economy has supposedly improved in the past year.

    The numbers also don't speak well of credit availability. Forty-seven percent of real estate industry experts polled by Zillow said lending is still too restrictive. Tight credit, combined with higher home prices, continue to sideline first-time buyers, at least in larger metropolitan markets. Good news for the rental market, but not for home ownership.

    The home ownership rate now stands at the lowest level in 25 years, and it continues to drop each quarter it is measured. Next week the National Association of Realtors will report April sales of existing homes. The headline numbers will likely be better than

    Sentiment: Sell

  • Oops...

    In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.

    Sentiment: Sell

  • Oops..

    Possibly spooked by the rout in the bond market and what higher interest rates could mean for homebuilders, Raymond James pulls Outperform ratings and cuts price targets on a wide swath of the sector.

    Ryland Group (NYSE:RYL), Standard Pacific (NYSE:SPG), Pulte Group (NYSE:PHM), M.D.C. Holdings (NYSE:MDC), Lennar (NYSE:LEN), and KB Home (NYSE:KBH) are all cut to Market Perform, while Toll Brothers (NYSE:TOL) is cut to Outperform from Strong Buy. It's unclear if D.R. Horton was similarly downgraded, but its price target is cut to $29 from $31.

    It's been a rough month for the lot of them, with all (excepting M.D.C.) lower by anywhere from 7%-14% as long-term interest rates have shot higher.

    Sentiment: Sell

  • For many Americans, Gap Inc.’s ( GPS 0.35% ) namesake stores were once a go-to shopping destination for t-shirts and jeans.

    But now the Gap brand is in a deep funk that only seems to be worsening because of fashion miscues and nimble rivals that have eaten into its business.

    On Monday, Gap’s parent company provided the latest evidence of the chain’s struggles by reporting that comparable sales fell 10% last quarter. It was the fifth straight quarterly decline, and the worst performance since late 2011.

    In April, the last month of the quarter, same store sales fell 15%. Part of the slowdown can be blamed on this year’s early Easter, which pulled some sales from April to March. But the poor results also show how deeply rooted Gap’s problems are. Wall Street analysts had expected a drop of only 7.2% last month, according to Consensus Matrix.

    Sentiment: Sell

  • From Bloomberg.

    Chicago may have to pay banks as much as $2.2 billion after Moody’s Investors Service dropped its credit rating to junk, deepening the fiscal crisis in the third-largest U.S. city.

    The company’s decision Tuesday to cut Chicago’s $8.1 billion of general obligations two ranks to Ba1, one step below investment grade, allows banks to demand that the city repay debt early and exposes it to fees to end swaps contracts, Moody’s said in a statement. JPMorgan Chase & Co., Barclays Plc and Wells Fargo & Co. are among the city’s bankers.

    The downgrade adds to the financial pressure on Chicago, which was already the lowest-rated of any big U.S. city except Detroit. It follows an Illinois Supreme Court ruling last week that safeguards retirement benefits, casting doubt on Chicago’s ability to curb its $20 billion pension-fund shortfall.

    Sentiment: Sell

  • The worst of the Chinese economic slowdown is likely still ahead because of the nation's debt, according to a senior Morgan Stanley investment strategist.

    "China, to try and sustain its growth rate in the post-financial-crisis era, has engaged in the largest credit binge of any emerging market in history," said Ruchir Sharma, head of emerging markets and global macro at Morgan Stanley Investment Management,

    Sharma, speaking Tuesday at the Global Private Equity Conference in Washington, D.C., predicted that the credit boom would cause problems.

    Sentiment: Sell

  • But...but...but...we are at record highs for the stock market?

    An Associated Press analysis of statehouse finances around the country shows that at least 22 states project shortfalls for the coming fiscal year. The deficits recall recession-era anxiety about plunging tax revenue and deep cuts to education, social services and other government-funded programs.



    The sheer number of states facing budget gaps prompted Standard & Poor's Ratings Service to call the trend a sort of "early warning."



    "After all, if a state is grappling with a budget deficit now, with the economic expansion approaching its sixth anniversary, what will be its condition when the next slowdown strikes?" credit analyst Gabriel Petek wrote in a recent report.

    Sentiment: Sell

MAR
79.03-0.17(-0.21%)May 28 4:00 PMEDT