moweenfarmer, I agree.. Maybe a tie-in with Q earnings announcement. Montana stated in last CC there will be 2 this year, 1 in the first half and the second in the last half. She also said they have to figure out how to fund the second drop..
Don't go away mad with hurt feelings "lost boy (or is it quickie?) I am just having fun with you... You are so easy to intimidate. LOL
Sales of existing homes did jump to the highest level in 18 months in March. Just hope this translates into an increased demand for new homes. I would like to see more first time home buyers though. That segment is still weak only a third of the market.
He posts the same lie about not buying USG at $100 then pretends to have his feelings hurt when I call him out.. He is the board joke. I post both good and bad about every stock I own not just USG. He thinks every post should be a "rah rah going to the moon" then cries when someone posts the truth. He is very naïve and just a rookie with a bad attitude. How is your day job going lost boy? You know the one, "assistant public facilities engineer" at your local walmart. LOL
LOL... "Lost boy the liar" (or is it quickie?) now you pretend to have hurt feelings after I call you out? So funny... You are stuck in USG at $100 a share and lie that you are not. Then you cry anytime I post something besides a "rah rah everything is great with USG going to the moon" post. You are very naïve indeed. Best of all is your name "Lost"... It's always great to start a day with a good laugh. Keep it up..
Another profound display of coruscation from our resident liar "lost boy" or is it quickie?
"I sold just as many over 100 as I bough over 80".. LOL..
I can't debate someone who has such low perspicacity. You really have named yourself brilliantly, I will give you that... LOL
LOL..."Running for the exits?" I see our resident liar, lost boy (or has quickie re-emerged), still try's to twist my posts into something I never said. Pull your head out of your behind and come up for air before your ignorance suffocates you.
I guess this should not be a surprise though, after all, he is the same idiot that bought USG at $100 then lies that he did not.
Why sell a brand new GROWTH MLP before the first pitch? Not to mention this is Royal Dutch backstopping the whole shebang... By the end of summer I can't help but think this will be trading in the 60's once they start the drop downs. This should track similar to PSXP.. We will see.
You are still as dumb as ever and have clearly picked a great name, LOST...You are more fun to laugh at then Quickie.. What did you do buy USG at 100 right after bankruptucy was discharged? After all you are dumb enough. Yes, the ASR was filed in order to increase authorization on the amt of shares they can issue. They never said when and neither have I but once it takes place there will be DILUTION. Get a grip now rookie..
Jessie, I would suggest to you that you read the SEC filings from USG and without a doubt do not believe anything coming from the lost guy as he truly lives up to his name. The longs on this board have been laughing at what he posts for years now. Also, call investor relations as they will discuss about anything with you.
What hurt the earnings last Q was the write down of the "2 obsolete ships" (their terminology not mine) as stated in the CC. Management said no one wants to buy them and if I remember correctly they said there is a $24 million mortgage left on them with the yearly operating cost at $6 million.. The iron ore company that was leasing them from USG ceased operations. To retrofit them for another use is cost prohibitive, so that I suppose is why they called them obsolete.
At the current pace of earnings it will take a multitude of years for USG to capture the $2 billion in NOL's. I just hope your optimism bears fruit sooner rather than later and USG can ramp up earnings as in years past. Hope this helps.
You asked..so here it goes.
First of all, I am still long USG but I am not one who posts naïve, idiotic "everything is wonderful" with USG posts that never discuss any negative issues facing them. You know the ones.. they post with the name calling and the insults because you bring up the negative issues. This only misleads someone who is wanting information.
Some issues are the debt, anemic recovery (housing starts still only 2/3rds of historical avg.), the class action lawsuit alleging price fixing. Although USG has agreed to settle for $48 million.. the court/plaintiffs have not agreed to this, yet. Now comes another price fixing lawsuit from the home builders. Unexpected write down of the 2 obsolete ships ($64 million). Persistent industry wide dry wall capacity excess. USG's has not gained market share still around 26% which is disappointing with the new ultra light weight products they have developed.
I think what is more worrisome is the fact that household formation is happening at a snails pace. Younger people would rather rent than own. Existing home for sale inventory is well below avg.(millions of homes still underwater) reflecting a lackluster move up market.. all of this is confirmed by low housing starts. Add in rising interest rates (which hopefully will be a few years before that has a negative effect on housing). Ongoing selling of USG shares by officers and directors leads to low confidence.
USG has a total of $2.35 billion in debt of which $1.350 billion is coming due starting in 2016-2018.. I don't think BRK wants further equity dilution so maybe they and other big players will be a buyer of new debt and keep a secondary public offering off the table. GL
Barclays Bank PLC announced today that following the close of business on Friday, April 9, 2015, the following two index constituents will be added to the Atlantic Trust Select MLP Index:
• MPLX LP (NYSE: MPLX)
• Phillips 66 Partners LP (NYSE: PSXP)
Maybe worth a 10 point run... maybe not? Regardless, earnings will increase substantial this year and next so all is good..GL
not so fast...post the rest of the 8k.. you know.. the part about the plaintiffs opting out of the settlement and suing USG along with a lot of the homeowners joining the suit. Not a class action yet but things could change. And yes, USG at this point is denying anything material on top of the $48 million they have agreed to pay. But it might get a lot more expensive for them before this is over. USG did disclose in their last 10q that drywall prices were not sustainable and could come under pressure. Really? How would they know that? This is starting to feel like the collusion allegations made against all of them are valid. The reputation of this company is being challenged to say the least. Just hope the BOD makes some needed changes.
you are one pathetic, ignorant soul.. Too bad your life makes you such a miserable human being.. DO YOUR OWN DD.. and keep believing in this management, they will make you look even dumber than your posts do..
blue... I have responded 3 times but yahoo keeps deleting my posts.. Read the WSJ. .Baird is denying their downgrade has anything do with the suit but it just happens at the same time???yeah right...
The board needs to fire current management and put in a new team, as I have stated in the past. This management has got to go.. Wallboard prices are under extreme pressure both short and intermediate due to the latest price fixing lawsuit. No wonder there was a lot of insider selling over the last 30 days or so.
You bullish people need to get a grip on reality as things are not going well with USG and it all rests on current management. BRK will not pressure the board for a change as they will be there to pick up the pieces of this once good company for pennies on the dollar.