jay21 Posted December 8, 2014 Posted December 8, 2014 Bought a few sweaters. Since Sept. I have bought more OCN and ASPS. LVNTA and CKI.TO.
gokou3 Posted December 8, 2014 Posted December 8, 2014 Bought CBI common and 2017 $30 calls. Currently trading sub-8x 2015 P/E per management guidance of $5.75-6.05 EPS. Much lower than peers. Two perceived problems with the company: 1) Bad nuclear contract - huge extras that may or may not be collected. One-time issue. Management is eager to buy back shares once this matter is resolved. 2) Low oil prices lowering future work demand - this is a known problem. Company has $30B backlog which is equivalent to 2-yr of revenues. Management commented during Q3 CC that they are somewhat insulated due to their diversification into various other infrastructure work. Btw, today's price is about 30% lower than when Todd Comb bought them in 2014Q2. BRK owns almost 10% of CBI. ;)
Lance Posted December 9, 2014 Posted December 9, 2014 Bought Lukoil, covered my TSLA short. Thanks, Lance
Liberty Posted December 9, 2014 Posted December 9, 2014 covered my TSLA short. Out of curiosity, from what level were you shorting?
Lance Posted December 9, 2014 Posted December 9, 2014 covered my TSLA short. Out of curiosity, from what level were you shorting? $223 Thanks, Lance
LowIQinvestor Posted December 9, 2014 Author Posted December 9, 2014 VZ @ $46.54 Adding to my duopoly basket!
shhughes1116 Posted December 9, 2014 Posted December 9, 2014 YNDX USAC You get into USAC at sub-17.00? I was traveling yesterday and it looks like I missed my opportunity to expand my position at a better price. 12% yield for USAC is a bit ridiculous, unless one thinks that we are no longer going to need oil and gas compression equipment.
PatientCheetah Posted December 9, 2014 Posted December 9, 2014 YNDX USAC You get into USAC at sub-17.00? I was traveling yesterday and it looks like I missed my opportunity to expand my position at a better price. 12% yield for USAC is a bit ridiculous, unless one thinks that we are no longer going to need oil and gas compression equipment. Yep, thank you for the idea! I think it's priced for a 50% dividend cut.
shhughes1116 Posted December 9, 2014 Posted December 9, 2014 YNDX USAC You get into USAC at sub-17.00? I was traveling yesterday and it looks like I missed my opportunity to expand my position at a better price. 12% yield for USAC is a bit ridiculous, unless one thinks that we are no longer going to need oil and gas compression equipment. Yep, thank you for the idea! I think it's priced for a 50% dividend cut. Remember that the subordination period hasn't ended. If they cut the distribution, the subordinated units will get their distributions whacked first.
Guest longinvestor Posted December 12, 2014 Posted December 12, 2014 Nothing. Just sitting tight on my BRK & enjoying the thought of attacks of euphoria in Omaha whenever there is a swoon in the market.
tede02 Posted December 14, 2014 Posted December 14, 2014 I covered my Netflix short somewhat recently.
compoundinglife Posted December 16, 2014 Posted December 16, 2014 BP, LUKOY, OGZPY and SBRCY Thanks, Lance LOL, Everyday that goes by where I see my LUKOY position get slaughted I think to myself "I wonder if Lance is going to post that he is buying more today" :)
investor-man Posted December 16, 2014 Posted December 16, 2014 Haha, it's tough to look at LUKOY and not want to get in. I just can't make myself do it. It's a scary one.
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