Spekulatius Posted March 24, 2019 Posted March 24, 2019 Thanks for thoughts on CMG.TO. I think the only odd thing I found is the dividend bing higher than the earnings, while at the same time, they have a lot of cash on their balance sheet and the SharePoint creeps up due to dilution from stock based compensation. It’s a pretty interesting way to play a recovery in the E&P sector wth way less risk than owning an E&P outright. Thanks for posting.
frommi Posted March 24, 2019 Posted March 24, 2019 Even if you take out all cash and slash R&D to 0$ you just get a yield of 7-8% for a no growth company. Doesn`t look very compelling right now to me and i doubt that it is a good aquisition target at an EV/EBITDA of 16. I mean FB or GOOGL grow at >15% per year and trade at similar multiples and are probably less risky. But thanks for posting the idea, it might be interesting below 4$. What are their competitors?
DooDiligence Posted March 24, 2019 Posted March 24, 2019 Even if you take out all cash and slash R&D to 0$ you just get a yield of 7-8% for a no growth company. Doesn`t look very compelling right now to me and i doubt that it is a good aquisition target at an EV/EBITDA of 16. I mean FB or GOOGL grow at >15% per year and trade at similar multiples and are probably less risky. But thanks for posting the idea, it might be interesting below 4$. What are their competitors? CLB
bizaro86 Posted March 24, 2019 Posted March 24, 2019 I'm pretty sure CLB provides reservoir characterization services as opposed to liscencing simulation software. The 900 lb gorilla in the industry is Eclipse, which is owned by Schlumberger. I like that you're competing against a small non-core division of a mega-cap. Also, I've used both and the CMG suite is WAY easier to learn than eclipse.
tenyearsout Posted March 24, 2019 Posted March 24, 2019 Good to hear it. Thanks for the insight bizaro86
Cardboard Posted March 25, 2019 Posted March 25, 2019 Some puts on AAPL. Really underwhelming announcements vs market reaction last week. Cardboard
SafetyinNumbers Posted March 25, 2019 Posted March 25, 2019 Bought some IVQ.DB.V (~12% YTM) and some GCM.NT.U (~10% YTM at this gold price). Anyone else look at the IVQ bonds? The IVQ.DB.U are trading over 1% tighter but they do mature about 18 months earlier.
boilermaker75 Posted April 3, 2019 Posted April 3, 2019 WFC @ 48.35 On Monday I wrote some 48-strike April 12 expiration WFC puts for $0.70 per share. Still a good premium today at 0.68 per share.
ourkid8 Posted April 3, 2019 Posted April 3, 2019 PDH earlier today at $0.025 :) - Thank you for the gift Sanjeev!!!
SafetyinNumbers Posted April 10, 2019 Posted April 10, 2019 I bought some Arrow Exploration (AXL.V). It’s an oil producer in Colombia that emerged from reverse takeover / spin off from CNE.TO in November. Given it’s a micro cap spinoff there could be some irrational selling going on. Each Canacol share received .127 shares of AXL, so it’s a trivial amount for what is now a 35 cent stock. CNE shares trade at $4.40. CNE valued each AXL share at US$0.885 each at the time of the spin and it’s trading so it’s down about 70% from that level in less than 6 months. Perhaps they were optimistic in how they valued it but it certainly has taken a haircut now. Management owns 18% and cannot sell the majority shares for 18 months and the stock has to be above US$1.50. EV is less than C$30m with 2P NPV at C$125m and the company is producing 1500 boe/d now and guiding to exit at 3000 boe/d. It’s production is tied to Brent pricing so it looks cheap on traditional oil company metrics.
John Hjorth Posted April 12, 2019 Posted April 12, 2019 Added to LVMUY yesterday [bought in Paris as MC.PA].
Fairfaxnut Posted April 12, 2019 Posted April 12, 2019 MTY.TO or MTYFF....looks as if the Algos overreacted :o
writser Posted April 12, 2019 Posted April 12, 2019 MTY.TO or MTYFF....looks as if the Algos overreacted :o If it goes down blame the algo's. If it goes up your analysis is great :P .
DTEJD1997 Posted April 13, 2019 Posted April 13, 2019 MTY.TO or MTYFF....looks as if the Algos overreacted :o If it goes down blame the algo's. If it goes up your analysis is great :P . Could it be that MTY's business model is buying up smaller chains and "rolling up"? In the past, that worked reasonably well, and they got some decent chains. NOW, time has progressed and the easy fruit has been picked. What remains are problems like Papa Murphys? Thus MTY's long history of rolling up is coming to an end?
Spekulatius Posted April 13, 2019 Posted April 13, 2019 I bumped up my WFC position on Friday. I used proceeds from sale of my FITB and cash. Worse case, I collect ever rising dividend checks. It’s now my largest bank position. I also bought a little CARS.
sleepydragon Posted April 13, 2019 Posted April 13, 2019 Maybe WFC should buy citizens bank— the largest bank in MA! Just to get Eliz Warren to stop bashing WFC. I don’t see her bashing JPM nowaday
boilermaker75 Posted April 13, 2019 Posted April 13, 2019 I got put to on WFC at $47.30. I wrote some more puts, 45-strike May 10 expiration. WFC is my largest bank holding ahead of BK and BAC. WFC is a very distant second to my largest holding BRKB.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now