People's United Financial Inc. Message Board

Yes they are steel producers. They make glavanized, prepainted and partially finished pieces. They make steel, pig iron and pellets. For a steel producer that is a varied product line. If you want a hamburger or laptop computer you will have to go elsewhere.

TX missed their numbers badly for Q4 2012. Instead of earning .45 they lost about 1.25. That loss is entirely the result of a charge off for a bad acquisition in Brazil. The future for TX is good, varied product variety including high end specialized pieces, good access to cheap iron ore, good access to US markets, one of the lowest cost producers in the space. Sell me your shares I am a buyer.

Sentiment: Buy

I don't think that the owner of 13,000,000 shares could sell that many shares into a market with such small volume without sinking the share price. It is not in the shareholders interest or in the interest of the other large holders of AGRO for him to sell into the open market. Thank you for trying to answer my question but I am still wondering, Who bought shares today? Why did they buy them at the market price which is substantially over $8?

The dividend in nearly 100% of earnings. Dividends that exceed 50% of earnings do not leave enough capital in the business. In every case those dividends are reduced or the stock price erodes in accordance with declining capital. The last 1, 3 and 5 years have not been bad for banks as you suggest. Quite the contrary, many banks have done quite well. You are drinking PBCT Kool-Ade and it will end up costing you money.

What will drive revenue WAY up? There is no new product, usership is not WAY up, where does the money come from?

They have a plan and we are watching them execute perfectly. Sit around the office, buy back some shares, option those shares to management, repeat. Great plan if you are inside, not so great for shareholders though.

Earnings are .67 and the divi is .64 Those numbers don't work. The divi is being partially paid by money that was raised in a public offering years ago and has yet to be constructively deployed. When there is no money left laying around to sustain this dividend there will not be a breakout there will be a breakdown.

Those repurchased shares will become options and be used to compensate management over the next couple years. Good thing too...........we can't risk losing these geniuses.

Who are "they". They are just people who think that they will make some money on the falling price of TC. Every excuse has been made for this stock and now we have conspiracy theory. Forget the conspiracy by shorts, here is the problem: TC blew it trying to open Mt. Miligan. It was harder than they thought, they started in a boom time and overpaid for labor, expertise and equipment. They had to pay too much for financing. In the middle of all that, the price of moly fell. A little bad luck, they played over their heads, they just blew it. This sleepy moly company will never hit the big time, and the stock will never recover.

There is money in the coffers from a public offering that was made a few years ago. Not because PBCT is running a good business. Management hasn't earned any money for this company, they just take credit for it. And pay themselves and pay themselves and pay themselves.

9.75-10% on recent 350 million financing is not good news. No one else is paying more than a 3-4% for money these days. Lenders are demanding payment for the substantial risk that TC presents. Sorry Seabrook, this is not good new for shareholders.

I am not a short. I have traded TC a few times over the last few years. I have even made a little money on the stock. Recently, I bought 1000 shares around 4, sold out around 3.40. That time I lost a few dollars trying to catch the falling knife. Then I started watching carefully for another opportunity as the stock fell. The more I looked, the more I could see management were making desperate deals for financing. Forget statistics and math for a minute, numbers are easily manipulated. Why did TC sell all that gold for $500? Why did they issue those t-med bonds at 9-10%? Why do T-med buyers have the option of an equity position in future? TC is paying so much for credit because they are a bad credit risk, they know it, potential lenders who have studied the books also know it. Don't listen to what they say.................watch what they do....keep your hand on your wallet. Good Luck.

Even if you get the dollar per share, you need a PE of 10 or 12 to get a stock price of 10 or 12. This is a commodity company, a PE that makes sense is 6 or 7. Only top mining operators are going to get the PE that you dream about...............and TC is not one of them. That fact, plus we don't understand the "financing costs". Plus you imply that moly, copper and gold will go up. Moly and copper go up in a economic recovery, gold falls during an economic recovery, or gold goes up and moly and copper go down. You won't get the material prices you are looking for either. Think about it.

CX has a dominant market position, they are efficient executors and they possess the economies of scale to be the premier player in the space. CX has turned the corner on their debt issue and are poised for a market pickup. Slim should stick to phones-- you should keep you money where it is.