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

To: E_K_S who wrote (50215)	12/1/2012 6:07:07 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78753

GMAN - anyone has opinion about the stores or the stock? The stock looks a bit intruiging - perhaps this is an opportunity to get in at ground floor into next Kohl's or TJX... However, I have not been in their stores, so I have no first hand experience with it. Looking at financials, the growth in revenues/income have been pretty slow. Inventories have blown up x2 since last year at the end of Q3. Hopefully they are good, but if not, they may have to sell them cheaply. Balance sheet is clean with no debt and some cash. Cash flow statement is a bit weird: they have significant "Proceeds from sale of property and equipment " both last year and this year - they say it's due to sale/leaseback of the new stores. I might dig more, but I'd like to hear from someone who has been to their stores and/or done analysis themselves. :)

To: E_K_S who wrote (50215)	12/4/2012 7:10:34 PM
From: E_K_S	Respond to of 78753

Mitcham Industries Inc. (MIND) - missed earnings Mitcham Industries Reports Fiscal 2013 Third Quarter Results Company missed on Revenues and reported a loss $0.10/share loss for Q3 (a gain of $0.19/share was the analyst estimate). Stock off more than 20% in After Hours @ $11.22/share. Based on last year Q4 and Q1 generally pick up so going with my plan, I will double up on my position at the open tomorrow. The company does provide value especially since they have bought new equipment which goes into service next quarter. From their report: "..."We anticipate strong winter seasons in Canada and Russia this year. In Canada, we are seeing substantial demand for conventional cabled systems as well as for three-component digital recording equipment. As a result of the purchase of used three-component equipment we made earlier this year and purchases of new equipment we have scheduled for the fourth quarter, we expect to have significantly more equipment deployed in Canada this winter season as compared to last year. Demand in Russia also appears to be stronger this winter compared to last year. Therefore, we have repositioned some equipment from other geographic regions into the Russian market for the winter season. . . ." My total position is still small but this in a Q1 2013 story and now IMO is the right time to double down. Company to have a conference call in the morning (9.00AM EST) so I expect the stock to open up sharply lower at the open and eventually recover once the selling is over. It should provide a good entry point for those that believe in this leasing/service story. EKS

To: E_K_S who wrote (50215)	2/9/2013 12:47:23 PM
From: E_K_S	Read Replies (1) \| Respond to of 78753

Mitcham Industries Inc. (NasdaqGS: MIND) - Closed position for 15% gain PPL Corporation (NYSE: PPL) - closed position for 11% gain Atlas Pipeline Partners, L.P. (NYSE: APL) - Started new position El Paso Pipeline Partners, L.P. (NYSE: EPB) - doubled current position Calumet Specialty Products Partners LP (CLMT) - Co. announced new diesel refinery project w/ MDU started a position last week when secondary was offer @ $31.50/share. Stock already +15% from my original purchase price) Although the GN$ for MIND is around $22.00/share, I decided to close this stub position out and move on. I also closed out my PPL position as I felt it was fairly valued and wanted to reduce my European exposure in this sector. My plan is to consolidate these funds into a few of the MLP's I currently own that have exposure to LNG terminals and pipeline gathering & processing assets located in Canada, the U.S. & Mexico. I feel the portfolio does not have enough concentration in this end of the business (ie. NG gathering, processing, pipeline intra and inter state transportation, storage , terminals and LNG ships). I am also allocating some new funds to NG liquid processing, specialty chemicals and certain "niche" refining. CLMT is a new name I added that provides these services. Finally, I am exploring starting a position in The Linde Group as they are a German conglomerate that design and build NG processing plants around the world. This company has several contracts in Asia including Vietnam and China that also have a long term "service" component attached. The Linde Group won the contract between NOBLE and CNX for the design and build out of their NG infrastructure U.S. shale acreage. This is a $1B joint developmental well project the company's have that will eventually double CNX NG reserves in the next five years. I am waiting for The Linde Group to become a "value" buy as the current price is near it's 52wk high. CNX is also on my buy list if/when it sell 10% lower. I would like to position at least 20% of the taxable portfolio in this sector which will be a long term buy and hold prospect (at least 36 months) as I still see U.S. domestic surplus NG making it's way to Asia in the next 5-15 years. Many areas still provide significant value opportunities (including E&P's in Canada, new Canadian pipe line & LNG terminals, the consolidation of U.S. domestic NG gathering pipelines & facilities, infrastructure build out domestically and around the world, specific "niche" market services like the new N. Dakota diesel refinery MDU and CLMT are building). The companies I select should also spin off good dividend distributions as well as provide double digit growth potential. EKS