Dave M.

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24 Comments

    • Sun Nov 9th 18:19 PM | Rating: 0 0
      Commented on:
      Slamming the Brakes on GM - Barron's
      When the trade deficit stops including oil imports in it's numbers, then I'll start paying attention to it. Until then, it's a compromised number. Getting back to the US carmakers, the main problem is that for many,many years they were paying high school dropouts $90,000 a year to screw nuts on bolts. And then a lavish pension based on that inflated paycheck. No wonder the big three carmakers are failing. Greedy unions gutted these companies and the companies caved in every time they were the "strike target" that year when the UAW contract was up. Don't tell me I don't know what I'm talking about, I've been around for a long time and got older and wiser.


      On Nov 09 12:45 PM Mister Jimmy wrote:

      > Dave M, your comment "I would think that parts suppliers sell to
      > them to" is remarkable. Before you suggest something that could have
      > devastating consequences, understand what you're talking about. As
      > far as us feeling no worse for wear on the failure of the U.S. TV
      > manufacuring industry, have you checked the trade deficit lately?
      View article »
    • Sun Nov 9th 10:52 AM | Rating: +1 0
      Commented on:
      Slamming the Brakes on GM - Barron's
      The TV manufacuring industry failed in the US, (RCA, Magnavox, Philco, DuMont) and we are no worse for the wear since we didn't bail them out. Let the big three fail. Creative destruction, I say. Many foreign car makers have plants here in the US. Probably WITHOUT UNIONS. I would think that parts suppliers sell to them to, so the domino effect might not be so damaging as one would think.
      View article »
    • Mon Sep 29th 10:11 AM | Rating: 0 0
      Commented on:
      Bailout Should Be A Windfall For Taxpayers - Barron's
      This is what happens when you go with the liberal agenda of the "ownership society" and "community reinvestment" and everyone should own a house. Fact is, George Bush tried to warn us about the dangers of Fannie and Freddie but the Dems wouldn't listen. Liberalism is hazardous to the country's health.
      View article »
    • Mon Sep 8th 09:09 AM | Rating: 0 0
      Commented on:
      $300/Barrel Oil Is Coming - Barron's Interview
      Canroys are not safe. Never underestimate the ability of socialist governments to seize corporate wealth. Back in October of 2006, these Canroys took a huge hit when the govt. decided to tax the hell out of them. Check the charts. Many have never recovered, even though the price of oil has spiked. BEWARE.
      View article »
    • Thu Jul 17th 09:50 AM | Rating: 0 0
      Commented on:
      Which International Income ETF To Buy?
      ""The discount is so high it makes me believe the fund is holding some illiquid assets.""

      You think that 12% discount is high? In CEF land, that's not very high. And I'm amused that you think the fund is holding illiquid assets just because you think the discount is high.
      View article »
    • Thu May 29th 10:09 AM | Rating: 0 0
      Commented on:
      Wall Street Breakfast: Must-Know News
      ""Global oil exports shrunk by 2.5% in 2007, despite 57%-higher prices -- seemingly defying logic. ""

      It doesn't defy logic when you subscribe to the peak oil theory. Just about all oil exporting nations are suffering from declines in their rate of pumping out their oil. Fact is..North Sea is in decline, Mexico also, etc. etc. Therefore, less oil to ship. Price has nothing to do with it.
      View article »
    • Wed May 28th 10:51 AM | Rating: 0 0
      Commented on:
      Wall Street Breakfast: Must-Know News
      Eli, it's time to ban dectra from posting. That's two days in a row he has to interject politics into this forum. What will you do?
      View article »
    • Thu May 22nd 10:33 AM | Rating: 0 0
      Commented on:
      Coal is Just Amazing
      I thought that Fording Coal FDG was always the best pure play in metallurgical coal? At least it was just a few years ago. Have you looked at that company?
      View article »
    • Wed May 14th 11:07 AM | Rating: 0 0
      Commented on:
      Wall Street Breakfast: Must-Know News
      And therefore counted twice, if not 3 or 4 times. Rest assured that some of the liberal media will not bother to explain this "inconvienent truth" so they can make Bush look bad.
      View article »
    • Wed May 14th 08:52 AM | Rating: 0 0
      Commented on:
      Wall Street Breakfast: Must-Know News
      ""Nearly half of the filings were initial notices of default, suggesting many new properties entered the process.""

      You mean we've been double counting all this time?
      View article »
    • Mon May 12th 08:35 AM | Rating: 0 0
      Commented on:
      Penn West Energy Trust: An Underappreciated Gem
      J Mueller said.."I own both PWE and AAV. AAV cut their divi in Q4 and if you use the cut divi for Q4 you would get a payout ratio of 62%. ""

      AAV has always been a poorly run trust. I used to analyze the heck out of these a few years ago and AAV always came up short. Maybe they got new management in the last year or so, but if they recently cut their divy, then it's probably the same lousy management. How can you cut your divy with these soaring prices? That's stunning.

      ""DAVE, the ANALyst a BMO is a moron and should be fired. PWE will have around $750 million of free cash flow after paying the DIVI and Capital Budget. That is assuming OIL and NG stay at their present levels.""

      Big assumption there, huh? There's that word "ass-u-me" again. You like pie-in-the-sky assumptions and I like reasonable ones based on actual previous history. Besides, management would NEVER be guilty of putting out rosy assumptions, would they? LOL.
      View article »
    • Mon May 12th 08:26 AM | Rating: 0 0
      Commented on:
      Penn West Energy Trust: An Underappreciated Gem
      Why are you asking me what stocks I like and what my assumptions for O &G prices are? You're the supposed expert and should be prepared to defend your position against all questioners.

      As for your assumption that Nat Gas will stay at these high prices, you are ignoring history. I can remember just back in 2005-2006 when everyone thought that NG prices would stay above $10. Ha! They promptly fell to $4. You think that the BMO analyst is unrealistically low at $8 NG? I think he is unrealistically high, and I have a lot of precedent to back me up. Nat Gas prices are notoriously volatile, and banking on $8-9 Nat Gas is foolish.
      View article »
    • Sun May 11th 11:52 AM | Rating: 0 0
      Commented on:
      Penn West Energy Trust: An Underappreciated Gem
      BTW, the analyst at BMO Capital has (as of last week) PWE having a all-in payout ratio (cash distributions and capex) for 2008 of 101% and in 2009 it is 96% of cash flow, leaving virtually no room for paying down any debt in the next two years.

      His CFPU for 2008 is $6.57 and $6.83 for 2009. His assumptions are oil at $100 both years and NG at $8.10 and $7.75 for the two years.
      View article »
    • Sun May 11th 11:17 AM | Rating: 0 0
      Commented on:
      Penn West Energy Trust: An Underappreciated Gem
      Jack said.."One of the trusts recently converted (early) and its stock price is up 30% since the conversion as a function of O & G pricing."

      Which one was that?
      View article »
    • Sun May 11th 11:14 AM | Rating: 0 0
      Commented on:
      Penn West Energy Trust: An Underappreciated Gem
      The proper way to analyze O&G Canroys is to look at RPU and PPU. Reserves per Unit and Production per unit. If they are growing on a YOY (year over year) basis, then you have a good candidate for purchase. If not, it is a big red flag. How's PWE doing in this important category?
      View article »
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