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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (36911)	3/9/2010 4:08:36 PM
From: Charshay	Read Replies (1) \| Respond to of 78748

Hi Paul, Questions on the small cap China stocks, are u scanning for these companies or which avenue are you using to find. Are they mostly OTC stocks?

To: Paul Senior who wrote (36911)	3/9/2010 11:32:10 PM
From: Jurgis Bekepuris	3 Recommendations Read Replies (1) \| Respond to of 78748

OT: Airlines. Aside: Law of unintended consequences: Continental says, okay government regulators, you going to fine airlines up to $27,500 per passenger if airline flights are delayed three hours and passengers can't get off, then we at Continental will just cancel the flight if we see that about to happen. And of course since planes are already booked pretty solid, trying to rebook all those passengers could mean delays of days for our passengers. finance.yahoo.com; Continental CEO is a smug son of a bitch! So Continental is going to cancel the fricking flights? OK, so I am not going to fly Continental. They can rot in hell with all the other fricking airlines that treat their passengers like shit. And he has the gall to posture against government regulations. May he sit on tarmac for the rest of his life, in the middle seat with some fatass hanging on him from the left, some kid puking from the right and some of the airline food venting from his pants as he has a stroke and a cardiac arrest while some TSA employee puts his gun up his big asshole. If it was possible for investors or short sellers to destroy airlines, I'd happily blow them all up. OK, back to regular programming shall we?

To: Paul Senior who wrote (36911)	3/26/2010 12:14:09 PM
From: RumbleFish	Read Replies (1) \| Respond to of 78748

Interesting article from the WSJ about your TAXI. from today's wall street journal-on taxi: By DAVID BENOIT Discovering a new commodity typically makes headlines, but Medallion Financial Corp. believes it has quietly managed a precious metal for more than 70 years: the New York City taxi medallion. Controlling about a quarter of the medallions winding through city traffic, Medallion grew from a family-run operation into a multimillion-dollar niche lender, thanks to the small metal shield attached to the hood of every cab. By law, there are only 13,257 city medallions, licenses issued by the New York City Taxi and Limousine Commission to operate those seemingly ubiquitous yellow cabs. That limit makes the medallions' value rise like that of a commodity, sending their price soaring from $10 in 1937 to a recent $800,000. Medallion taxis are the only vehicles in the city allowed to pick up passengers who hail them from the street. But even if some are accused of fleecing passengers, like a recent scandal involving thousands of drivers allegedly overcharging $8.3 million, it is hard to imagine most cabbies handling an $800,000 mortgage. That's where Medallion comes in. Leon Murstein started the New York City-based group in 1937 and it is now run by his son Alvin and grandson Andrew. After going public in 1996, today's market capitalization is $141.7 million with the stock in neutral recently, idling around $8 since July. Andrew Murstein, the president, said Medallion has lent more than $3 billion in New York and other cities. It has never lost a cent on a medallion because, he said, it is easy to repossess while still turning a profit. "We'll send someone to your house at about 3 a.m., when the car is most likely to be parked in front of the house," Mr. Murstein said. "He'll pop the medallion off the hood of the car and bring it back to our offices, and the next day when you wake up you'll be out of work." Lenders see how easily Medallion recovers loans, and agree to fund it cheaply. In December 2008, as the financial world imploded, Medallion got $200 million in new credit, with interest under 2%. Short-term borrowing rates are as low as 0.65%, while Medallion lends to drivers above 6%. Plus, most drivers don't drive the life of the loan, adding early-cancellation fees to the profits. "You come here, drive a cab for a few years, save everything and then plunk down your whole life savings to buy a medallion and then you own the American dream," Mr. Murstein said. "But in a few years, you sell it and move on." Medallion then helps the driver sell to another driver. Still, for an investor, there are potholes. Recently, Medallion posted a fourth-quarter loss on an investment charge, although, excluding items, it earned 20 cents a share. But it also cut its dividend to 15 cents from 19 cents after not earning the rate for several quarters. Justin Akin of fund manager River Road, Medallion's largest outside shareholder, said the cut was prudent. He couldn't say whether River Road plans to boost its $15.1 million stake, but he said he believes Medallion is strong and the new dividend is achievable. Medallion's only public analyst rates the stock as neutral. The company is searching for new business, such as loans to prospective owners of recreational vehicles and boats and small businesses. Mario Cuomo, a board member and the former New York governor, wants to attract investors by expanding Medallion's reach. "I don't want to die without having used this discovery we made," Mr. Cuomo said. "We found this magic commodity that gets heavier and stronger without getting fed." Printed in The Wall Street Journal, page B7A

To: Paul Senior who wrote (36911)	4/5/2010 5:16:40 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78748

Sin Stocks. Upped my very few shares of tobacco company PM and added to money lender WRLD. finance.yahoo.com PM's one of the stocks I just have tucked away. Its business rolls on, I have a few shares, the dividends drop in my account. Doesn't require any close watch. Drawback is that stock price has increased gradually enough that I've not paid attention. At this point, if I'm going to keep shares, I figure I might just as well have a bit more. More anyway than the very few I'm holding.

To: Paul Senior who wrote (36911)	4/30/2020 9:06:30 PM
From: E_K_S	1 Recommendation Recommended By bull_dozer Read Replies (3) \| Respond to of 78748

(Paul I see you held this in the past 3/2010 so thought you might be familiar w/ the company) Made a small Buy in Yamana Gold (AUY). This is a starter position, never owned it but was looking for another gold miner to add to my stable of gold stocks (GFI & GOLD). I had B2Gold Corp (BTG) on my list but AUY came out w/ earnings (and increased div by 25%) so decided to buy AUY. AUY has a similar market cap as BTG w/ most of their properties located in Brazil. BTG assets are situated in Nicaragua, Colombia, Namibia and Uruguay. There may/could be political risk owning either of these companies and that was one reason I avoided investing outside US, Canada and Mexico (ie buying Barrick Gold) ------------------------------------ Yamana Gold EPS beats by $0.02, beats on revenue Apr. 30, 2020 7:21 AM ET\|About: Yamana Gold Inc. (AUY)\| Yamana Gold (NYSE: AUY): Q1 Non-GAAP EPS of $0.05 beats by $0.02; GAAP EPS of $0.05 beats by $0.03. Revenue of $356.5M (-12.4% Y/Y) beats by $4.28M. Press Release Yamana lowers its forecast for full-year gold and silver production due to virus-related mining operation suspensions, now expecting 786K oz. of gold and 10.3M oz. of silver from previous guidance of 857K oz. gold and 11.5M oz. silver. The miner expects the resumption of normal operations during H2, with the new H2 production percentage amounting to 55% of the annual total. Meanwhile, the miner anticipates better cash flow and margins partly due to stronger gold prices. Yamana says Q1 net free cash flow was $91.1M, exceeding the average of the past four quarters by 14%. ---------------------------------------------------------- 2021 estimates could be as high as $0.47/share w/ consensus of $0.25/share Based on the consensus, PE is 18 but if the high end target is reached (w/ higher gold prices) could see a 10 PE. dividend yield of 1.3% Yamana Gold (NYSE: AUY) declares $0.015625/share quarterly dividend, 25% increase from prior dividend of $0.0125. Forward yield 1.32% Payable July 14; for shareholders of record June 30; ex-div June 29. ------------------------------------------------------------------- I sold 50% of my HL (bought 8/2019 @ $1.55/share) at $2.62/share and plan to move the proceeds into AUY and/or BTG. My first buy was in AUY @ $4.67/share. The value proposition is to acquire shares in a dividend gold miner that has potential for growth (I am anticipating higher gold prices perhaps to $3K/oz based on a April 21, 2020 BofA analyst report) AUY can be a low cost producer since (1) wages in Brazil lower than US and (2) fuel prices at multi year lows largest expense in mining. BTG has similar prospect so have them on watch list too. EKS