Board members...today was the best capital gain day in my portfolios that I have had in my lifetime...the last several days have for sure been a Mid-Summer Rally for me (SFL and NMM helped out a lot)...when high yield holdings surge like today we always profit big time...i.e. Greece may be setting down a bit, the Iran deal is also stating to settle down a bit, the BDI Index is still moving higher, a lot of companies continue to profit from lower oil and fuel prices and even grain prices have been on the uptick...! I always worry about Bloody October (time frame), but lately it has been a 'real daisy' for me (even KCAP, BDCL and PSEC surged today)...! Stagg...!
gambler...there are a lot of investors on this message board that are always looking for the right oil or natural gas related stocks to own (there are a lot of other good places to place our invested funds)...the fact is, in the overall market place 'most investors are staying away' from all energy related stocks, at this time (including me)...! Stagg...!
gambler...that is a great posted message..."I like stocks that go up"...we all need to remember that, as sometimes we wear our rose colored glasses to long...! Stagg...!
k-bon...almost, all of the data in our life is computer generated (CAT scans, MRI's, stock charts, our stock purchases, soil tests on my farms, tax returns, blueprints, results at the racetrack) and in my opinion, most conference calls 'are sale pitches' (they only tell what they want to tell)...more, a lot of companies give lower forward guidance, so 'when they beat' estimated earnings, they look good, and they can get a nice bonus..! Nobody draws those stock charts and the RSI and etc., computer programs have eliminated a lot of jobs and the list is still growing...i.e. in the future there will not be any traders on the floor....! Stagg...!
k-bon...I never listen to conference calls anymore, because they are either 'bragging or making excuses' and they always sweep the dirt under the rug...I run the numbers, but most conference calls are 'just a wast of time'...I know many will disagree with me on this...but I never did find out any information, of value, on a conference call...! That said, the markets are doing 'a nice snap-back today' and my KCAP is looking good (this is a happy investment day)...! Stagg...!
update...at this time, it still looks like we have a Mid-summer Rally running (and that is fine with me, lol)...! More, corn prices have really been on the move @ $4.36 a bu. and soybeans prices are also catching fire @ $10.33 a bu.,...! Stagg...!
bayman...NNA (yield about 4.8%) has a current p/e of 15 and a forward p/e of 7...ROA is 1.7%, ROI is 4% and ROE is 6.2%...gross margin is 97.5%, operating margin is 34.5% and profit margin is10.7%...sales Q/Q are 28.9% and EPS Q/Q are 200%...the 12 short, medium and long term indicators that use rate NNA a overall average of 88% buy...estimates have been raised on NNA from 36 cent a share to 46 cents a share (and none lower)...! My opinion is, that the 'tale of the tape' is 'very strong' as NNA has excellent color at this time (target prices is $4.97)...! Good luck on your selections...! Stagg...!
bob...I agree...however, operating costs are also a lot lower than back in November, I also realize that they may be lock in on some hedges on fuel prices (the whole picture is always interesting)...! Stagg...!
Board members...the shipping Index's 'are up again today' BDI is 951 +36, BCI is 1,462 +68, BPI is 1,122 +26, BSI is 801 +17 and the Spot TC AVG. is 11,142 +773 (all Index rates are up strong)...my opinion is, that shipping is on the rebound and there are 'a lot of good plays' in the shipping sector...I.e. FRO (yes, I did say FRO, lol), my opinion, FRO will rebound and start paying a dividend again at some point in the future (Maybe a year from now, ???)...
JF has a long history of making good moves on his companies, that he has control over, and most of those companies have a history of returning profits to the shareholders, in the way of high yields...the early bird is the one that gets the worm and it may be time to take a hard look at some of the shipping companies as they are also showing some benefit from lower operating cost (lower fuel prices)...! Discloser, I am holding SFL and NMM and thinking about starting a new position in FRO (I sold FRO at about $54.00 a share and it may be time to get back in again, lol)...! Stagg...!
k-bon...I have had HQL on my watch list for 'a long time' and HQL is a long term winner (I don't know much about HQH, ???)...I wish I had bought HQL in the past and probably will in the future when I have available funds...! Stagg...!
Board members...while the future guidance 'is a bit weak' for SDRL, the facts are that SDRL is still pumping a lot of profit...i.e. the ROA is 16.6%, the ROI is 9.6%, the ROE is 43.7% (which is outstanding)...the p/e is 3.6 and the forward p/e is 5.1...earnings this year are 51.7%...plus, gross margin is 59.1%, operating margin is 38.7% and profit margin is 87.6%... est. earning per share next year are $1.98 ( worst case) and could be a lot better, as SDRL is also paying down a lot of debt...! While its true that the discontinued dividend hurt the share price of SDRL (a lot), most other companies would love to have the 'outstanding color' (key statistics) that SDRL has (I am not a holder of SDRL at this time, but it is still on my radar, and I will return in the future)...! Stagg...!
wdavis...we can discuss SFL 'right here and now'...what do you want to discuss about SFL (???)...I think that we have already talked about everything new about SFL (including the effects that the merger between FRO and FRO 2012 will have on SFL)...! We love to talk about SFL, 'please open the discussion'...! Stagg...!
sarge and k-bon...I have never cared much for pipelines for several reasons...there is 'no salvage value in pipelines' (most companies have salvage value on unused assets)...there hundreds of thousands of miles of pipelines in the ground that are no longer used (I can show you a lot of them, major and minor)...I don't mean to be knocking oil related investments, it just that old investment habits are hard to break...
Oil wells start out with oil being trucked out, later on they add pipelines and after the flow is reduced years later on, they go back to trucking oil to market again...even large pipelines, need to be pretty much full to work right and is why they have storage tanks on both ends...! I know that oil related industries are having a tough time and will rebound some day...'but it is not near time yet'...a lot of investors are still looking for that right oil or natural gas company (there are better places to invest our funds at this time...! Stagg...!
Board members...I don't know if this is a Mid-Summer Rally or not...what I do know is that the markets are 'looking for reasons' to move higher...myself, I am doing fine as I am enjoying a lot less financial pain, my holdings have been on a strong up-tick and I also have a lot of monthly and quarterly dividends coming this month...! Stagg...!
mark...I agree that it helped...however, MWE is only part of the holdings in MLPL (there has to be a bit more to it, ???)...! Stagg...!
Board members...the the BDI is now up to 900 and a lot of shipping stocks benefit from it...that said, NMM (yield about 16.1%) is one of my core holdings and I also started a position in UVE today for possible capital gains and some protection from future higher interest rates..! Stagg...!
Todays markets (after the open)...when we don't think it will get any worst in oil stocks, it just gets 'a lot worst' again...the surprise is that MLPL is up strong today in a poor day for the oil sector...I started a position in UVE today as I feel we may need to 'get our holdings ready' for a future interest rate hike...! Stagg...!
bayman...I don't think that insurance companies will be affect by higher interest rates in the future...may be a good place to place some funds (???)...! I will check out CINF, thanks...! Stagg...!