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CIFC LLC Message Board

wareham2620 25 posts  |  Last Activity: May 27, 2016 12:42 PM Member since: Jul 8, 2008
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  • I thought GSK would have jumped on this news .But going down now

    11:43 am GlaxoSmithKline: European Commission approves GSK's Strimvelis (GSK) :

    •Co announces that the European Commission has approved Strimvelis, the first ex-vivo stem cell gene therapy to treat patients with a very rare disease called ADA-SCID.
    •Strimvelis is the first corrective gene therapy for children to be awarded regulatory approval anywhere in the world.
    •It is indicated for the treatment of patients with ADA-SCID for whom no suitable human leukocyte antigen matched related stem cell donor is available.



    Adenosine deaminase (ADA) deficiency is an inherited disorder that damages the immune system and causes severe combined immunodeficiency (SCID). People with SCID lack virtually all immune protection from bacteria, viruses, and fungi. They are prone to repeated and persistent infections that can be very serious or life-threatening. These infections are often caused by "opportunistic" organisms that ordinarily do not cause illness in people with a normal immune system.

    The main symptoms of ADA deficiency are pneumonia, chronic diarrhea, and widespread skin rashes. Affected children also grow much more slowly than healthy children and some have developmental delay.

    Most individuals with ADA deficiency are diagnosed with SCID in the first 6 months of life. Without treatment, these babies usually do not survive past age 2. In about 10 percent to 15 percent of cases, onset of immune deficiency is delayed to between 6 and 24 months of age (delayed onset) or even until adulthood (late onset). Immune deficiency in these later-onset cases tends to be less severe, causing primarily recurrent upper respiratory and ear infections. Over time, affected individuals may develop chronic lung damage, malnutrition, and other health problems.

  • wareham2620 by wareham2620 May 25, 2016 1:03 PM Flag

    I' in @ $42.86 just looking for a safe dividend .

  • •GSK lung drug succeeds in big UK study, after earlier miss
    NASDAQMon, May 23, 2016

    LONDON, May 24 (Reuters) - GlaxoSmithKline's new inhaled medicine Breo proved significantly better than standard care in a large British study that tested it in everyday use, providing a fillip for the product after the failure of another big trial in 2015.

    GSK said on Tuesday that the study, which tested Breo in day-to-day practice across the town of Salford, showed it was superior in reducing attacks of serious breathing difficulties in patients with chronic obstructive pulmonary disease (COPD).

    There was a statistically significant reduction of 8.4 percent in the rate of moderate or severe exacerbations compared with those receiving usual care, the study found.

    The success comes after another more traditional clinical trial in September found Breo failed to prolong life in COPD patients.

    Britain's largest drugmaker is relying on Breo, which was approved in 2013, to help defend its respiratory drug business as its older blockbuster Advair faces generic competition. U.S. drugmaker Innoviva is GSK's partner for Breo.

  • wareham2620 by wareham2620 May 23, 2016 12:54 PM Flag

    I'm in @ $42.07 and happy to be here for the dividends .Mostly buy and hold them .

  • Reply to

    Thinking about buying GEO or CXW?

    by slicky007oilslick May 9, 2016 9:00 PM
    wareham2620 wareham2620 May 20, 2016 1:36 PM Flag

    I remember thinking the same thing not to long ago . As for myself , I just bought some of each . However, I bought at a higher price . But hell , I'm still happy . With so many family and friends living in these places .Then getting out only to return again and again . Well , why should I bet against them . This way crime pays them or it pays me . Either way, crime has been putting money in my families pocket for sometime now .

    Now on the other hand , GEO has a better return . So if I was to pick just one it would be GEO .

    Also, check out FUN and it's dividend history . T , VZ ,GM and F looks OK , but with a lower returns for your investment .

    Well best of luck to you .

    Sentiment: Buy

  • Reply to

    P/E was what?

    by rockmanv2002 May 5, 2016 9:51 AM
    wareham2620 wareham2620 May 16, 2016 1:18 PM Flag

    I have ALDW and I'm holding on to it . But if you're looking for low P/E ? Look at F and GM , both have low P/E with better returns

  • Reply to

    No dividend this quarter ???

    by bpindex May 11, 2016 7:14 PM
    wareham2620 wareham2620 May 16, 2016 9:47 AM Flag

    JACKSONVILLE, Fla., May 13, 2016 (GLOBE NEWSWIRE) -- On Wednesday, the Board of Directors of CSX Corporation (CSX) approved an $0.18 per share quarterly dividend on the company's common stock. The dividend is payable on June 15, 2016, to shareholders of record at the close of business on May 31, 2016.

  • Insider Transactions Reported - Last Two Years







    Feb 8, 2016 CONLEE CECIL D
    3,000 Direct Option Exercise at $0.01 - $0.01 per share. 302
    Feb 8, 2016 HATHORN SAMUEL C
    18,000 Direct Option Exercise at $1.22 - $1.22 per share. 22,0002
    Feb 8, 2016 BRACKEN GEORGE R
    4,800 Direct Option Exercise at $1.25 - $1.25 per share. 6,0002
    Jan 19, 2016 CAPORELLA JOSEPH G
    42,000 Direct Option Exercise at $1.75 - $1.75 per share. 74,0002
    Nov 12, 2015 COOK GREGORY P
    2,400 Direct Option Exercise at $6.21 - $6.21 per share. 15,0002
    Sep 23, 2015 CONLEE CECIL D
    1,600 Direct Purchase at $28.38 - $28.38 per share. 45,0002
    Dec 17, 2014 CAPORELLA JOSEPH G
    2,200 Direct Option Exercise at $0.01 - $0.01 per share. 222
    Aug 25, 2014 THOMPSON DENNIS L
    3,000 Direct Statement of Ownership N/A
    Aug 12, 2014 HATHORN SAMUEL C
    3,000 Direct Acquisition (Non Open Market) at $0.01 - $0.01 per share. 302
    Aug 1, 2014 BRACKEN GEORGE R
    120,000 Indirect Disposition (Non Open Market) at $50 - $50 per share. 6,000,0002
    Jul 15, 2014 COOK GREGORY P
    8,984 Direct Statement of Ownership N/A

    Data provided by EDGAR Online

    * = Where indicated, some values are estimates.

  • Reply to

    $55 million lawsuit

    by undocumented_lib May 3, 2016 9:27 AM
    wareham2620 wareham2620 May 3, 2016 11:36 AM Flag

    Yes , one he!! of a buying opportunity. That's why I'm looking at this stock now . Looking for that buying opportunity.
    Best of luck to you .

  • Reply to

    Whats up with div announcement ?

    by bpindex Apr 21, 2016 4:10 PM
    wareham2620 wareham2620 Apr 27, 2016 1:08 AM Flag

    I expect an increase in the dividends this year.

  • wareham2620 by wareham2620 Apr 25, 2016 10:12 AM Flag

    After Chelsea returned from a date, Hillary asked her if she had a good time.

    Chelsea said she had a wonderful time and thinks she's in love.

    Hillary said, 'You didn't have sex, did you'?

    Chelsea said, 'Not according to Dad.'

  • Reply to

    An article in today's Wall Street Journal

    by unclelarry66 Apr 13, 2016 9:58 AM
    wareham2620 wareham2620 Apr 21, 2016 11:28 AM Flag

    After unloading the boat , how will they be moving it ? Sooner or later it will be on the train .

  • Reply to

    A Reduced Payout Could Be Coming

    by wareham2620 Apr 19, 2016 12:57 PM
    wareham2620 wareham2620 Apr 19, 2016 11:43 PM Flag

    I really don't care if I never make it into the top 5%. I'm just happy to invest my money . Then spend the dividends . I don't need to make a killing . I'm just happy to keep what I have and spend the interest . As you can see by my earlier post , I won't be here 9 months from now . As I already sold my shares on 12/4/15 at a lost . That's not to say I don't hope you're still making money 9 months from now . As a matter of fact , I wish you all the best of luck with ARLP.

    wareham2620 wareham2620 • Jan 26, 2016 11:19 AM

    I still think ARLP is the only coal stock to take a chance on . However, I got out at a lost of my purchase price .That is after many years of great returns on my investment with ARLP .The reason I got out was the meeting in Paris and ARLP's earnings heading down .

    Then the railroad article I've read " after I sold ARLP " stated ,their drop in all shipments. Coal led the decline with a 32 percent drop in carloads . Then you ask why am I here ? Well I just keep looking back to see if I should kick myself in the a$$ or not .

    According to yahoo the earning per share are heading down . TTM $3.47

    this year $3.07 and next year $2.54

    Jan. 13, 2016,MAHA, Neb. (AP) — CSX Corp. expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports.

    The railroad's forecast for lower freight volume suggests the overall U.S. economy may be slowing after several years of steady growth.

    "We're calling it almost a freight recession," Chairman and CEO Michael Ward said Wednesday. "We really think there are some challenges on the industrial side of the economy."

    The railroad's fourth-quarter results showed an overall 6 percent drop in all shipments. Coal led the decline with a 32 percent drop in carloads, but few sectors showed any growth.

    Ward said the railroad will continue working to improve productivity and cut about $200 million in expenses in 2016.

    CSX also plans to reduce its capital spending this year by $100 million to $2.4 billion and park some older, less-efficient locomotives that aren't needed.

    "2016 will be a more challenging year," Ward said. "Volume in the first quarter and for the full year will decline as growth in some markets continues to be offset by the significant impact of continued coal declines, low commodity prices and a strong US dollar."

    Coal demand has fallen significantly over the past several years because of environmental concerns and because cheap natural gas prices prompted some utilities to switch fuels.

    Intermodal shipments of containers that arrive in ports via ship grew 4 percent for one of the only major bright spots in CSX's traffic report. Automotive shipments improved 5 percent in the quarter.

    The Jacksonville, Florida-based railroad said Tuesday its fourth-quarter profit declined 5 percent to $466 million, or 48 cents per share, on $2.78 billion revenue.

    The quarterly results were helped by a one-time property sale that added $80 million, or 5 cents per share, to CSX's profit. Analysts surveyed by Zacks Investment Research expected adjusted earnings of 46 cents per share.

    Citi analyst Christian Wetherbee said the railroad's results were better than he expected thanks to tight cost controls.

    CSX operates more than 21,000 miles of track in 23 Eastern states and two Canadian provinces.

    Its shares fell $1.67, or 7.1 percent, to $22.03 in afternoon trading Wednesday. Its shares are down more than 34 percent over the past year.

  • Under (market) pressure
    Most companies, even those in the commodity space, that are well managed can weather the ups and downs of commodity prices without having to make cuts to their payouts. Typically, those well-run companies were conservative enough in paying shareholders that there was a cushion to pad any fall in prices. For the past several years, Alliance Resource Partners fit that bill. Despite being in the coal business -- not exactly a growing industry -- the company had managed to remain solidly profitable with its low-cost mines by taking market share from others and not taking on too much debt. Even today, the company has a pretty clean balance sheet in an industry that has become morbidly bloated on debt.

    Unfortunately for Alliance, there are external factors that continue to weigh on the coal market. Cheap natural gas continues to take market share in the electricity market, and exports of coal to places such as China haven't been what companies had expected them to be just a couple of years ago. This has led to a huge buildup of coal stocks to the point that prices for new coal production are at or below every player's ability to make money.

    The company already decided that in 2016 it would keep its payout the same as last year's, halting a 12-year streak of constant increases. Still, with coal inventories continuing to build up and bankrupt producers still sending coal to market, things are looking like they will keep getting worse to the point that Alliance's payout may not be sustainable for much longer.

  • The Insider Transactions Reported - Last Two Years have all been buys and none sold .The earnings per share has been heading up according to Yahoo. TTM 0.91 , this years expected earnings 0.99 and next years expected earnings of 1.18 , so things are looking good from here .

  • wareham2620 by wareham2620 Apr 14, 2016 11:20 AM Flag

    A DEA officer stops at a ranch in Texas, and talks with an old rancher. He tells the rancher, “I need to inspect your ranch for illegally grown drugs.” The rancher says, “Okay, but do not go in that field over there,” as he points out the location. The DEA officer verbally explodes saying, “Mister, I have the authority of the Federal Government with me.” Reaching into his rear pants pocket, he removes his badge and proudly displays it to the rancher. “See this badge? This badge means I am allowed to go wherever I wish, on any land. No questions asked or answers given. Have I made myself clear? Do you understand?”

    The rancher nods politely, apologizes, and goes about his chores.

    A short time later, the old rancher hears loud screams and sees the DEA officer running for his life chased by the rancher’s big Santa Gertrudis bull! With every step the bull is gaining ground on the officer, and it seems likely that he’ll get gored before he reaches safety. The officer is clearly terrified. The rancher throws down his tools, runs to the fence and yells at the top of his lungs… “Your badge. Show him your BADGE!”

  • I wish I could say I got in at $24.50 like planed . But I broke weak at @.$25.25 a share on April fools day I should have waited another week or two . As long as I'm wishing , I wish I had more money to add shares at $24,50 or below . I like CSX because it raises it's dividend and it will do well as the economy gets better .

    Well best of luck to all .

  • Reply to

    opening looks bad

    by hipthreevet Mar 22, 2016 8:43 AM
    wareham2620 wareham2620 Mar 22, 2016 9:24 AM Flag

    Time to buy then . I'm still trying to get in at $24.50 , the low pre market was $24.70 so far .Well best of luck to you .

    Sentiment: Buy

  • Reply to

    Will the div get cut?

    by giday30 Feb 27, 2016 11:47 AM
    wareham2620 wareham2620 Mar 11, 2016 10:53 AM Flag

    Posted above .

  • Reply to

    Will the div get cut?

    by giday30 Feb 27, 2016 11:47 AM
    wareham2620 wareham2620 Mar 11, 2016 10:41 AM Flag

    •By Chris Baraniuk
    4 March 2016
    The Suez Canal was one of the most significant engineering projects of the 19th Century. It was a gargantuan task that took nearly 20 years to build and an estimated 1.5 million workers took part – with many thousands dying in the process. But when it finally opened in 1869, ships could travel from the Red Sea – between Africa and Asia – to the Mediterranean, cutting weeks off a journey. It was a revolution for trade.

    Ever since, passage through the canal has been considered more or less vital to global business. Shipping firms pay what amounts to several billion dollars every year to the Suez Canal Authority, an Egyptian state-owned entity, for the privilege of travelling via the canal.

    To take an example, it cuts a modern journey from Singapore to Rotterdam in the Netherlands by nearly 3,500 nautical miles (6,480km) – saving vessel owners lots of time and lots of money.

    Travelling through the canal can cost shipowners nearly £250,000 ($350,000) (Credit: Getty Images)

    However, more and more some ships are deciding not to take the Suez route. Instead, they are travelling around the Cape of Good Hope, right at the southern tip of Africa. Over 100 ships did this between late October 2015 and the end of the year.

    “I’ve been covering shipping for the last eight years,” says Michelle Wiese Bockmann, from oil industry analysis firm OPIS Tanker Tracker. “It is very rare to see this volume going round the Cape.” Right now, she’s keeping tabs on half a dozen diesel and jet fuel-carrying ships on this very route.

    Sea journeys aren’t as costly as they have been in recent years

    One of the big factors here, explains Bockmann, is the low price of oil. This means that “bunker fuel” – the thick, heavy fuel the ships themselves run on – is currently very cheap. Indeed, Singapore prices for such fuel have fallen from around $400 (£286) per metric ton in May 2015 to around $150 (£107) today.

    As a result, sea journeys aren’t as costly as they have been in recent years. But is there any sense in taking longer than you need to? Ship manufacturer Maersk estimates that a vessel travelling at 13.5 knots will take an extra 11 days to go via the Cape. Why bother?

    For one thing, there are steep fees for using the Suez Canal – Maersk says these can be approximately $350,000 (£249,000) per ship. There are other costs, too. Rose George, author of Deep Sea and Foreign Going, was on board a ship using the Canal a few years ago. She notes that vessels must agree to taking on a Suez crew for the transit.

    Ships may continue to burn cheap fuel on longer voyages rather than spend more on canal fees (Credit: Getty Images)

    “[The Suez crew] seem to do nothing but listen to tinny radio and try to sell souvenirs,” says George, adding the ships often have to pay a cigarette ‘tax’.

    “On each voyage, Suez costs a ship about £400 ($560) of cigarettes, as well as dozens of chocolate bars from the bond locker.”

    These irritations aside, there is also the tricky economics of oil and shipping markets.

    More and more oil and refined oil products are being kept at sea or in storage as traders wait for prices to rise again

    For one thing, at the moment traders are playing with what’s called a “contango” – more and more oil and refined oil products are being kept at sea or in storage as traders wait for prices to rise again. Currently there is an oversupply of crude oil around the world, and while we have more crude than we need, the demand for gasoline – a refined oil product – is quite high. This situation has led to volatility in the market and that’s where traders are making their money, says Bockmann.

    “One of the trading strategies would be that they haven’t sold the cargo and they need additional time,” she points out. She also adds that ships can sometimes be anchored offshore – a situation known as “floating storage” where they simply wait for the market to favour what they have on board. “Floating storage hit a five-year record in December and it hasn’t really dropped that much since then,” Bockmann says.

    The Suez Canal was built so that ships did not have to negotiate the challenges of the Cape of Good Hope (Credit: Getty Images)

    For ship owners, then, the ball seems to be mostly in their court. They can choose to be at sea longer in certain cases and they can take longer routes, even shopping unsold cargo round various ports in Asia, Africa and Europe, in an attempt to find the right buyer at the right time. The ships must be the right size for a given port, and the products on board need to meet required standards in the local market – but as long as someone suitable does, eventually, buy that cargo at a favourable price, then the traders will do well. If not, they could lose money.

    For now some ships have decided to take those additional thousands of miles round the Cape, hoping that at the end of the voyage they’ll come out in profit. It may seem strange – but in the world of oil, sometimes you’re better off taking the long way round.

6.94+0.02(+0.29%)May 27 4:00 PMEDT