Posted by jdaswani on 27th of Jun 2016 at 04:49 pm
Not to turn this political..So will refrain from doing so.
Generally, I think the issue is globally, too many
Intellectuals/So called leaders think they know what is best for
there populations. Its fairly common to censure, mislead and lie to
constituents.
I am not a believer in big gov't oversight. I am also not a fan
of fear mongers (ala Trump) and my view is that the clowns that
think they are untouchable in big gov't, should be scared, as the
populist revolts.
From my experience, I have met with many politicians including 2
US presidents, 1 VP and Secretary of State. General read has been
the arrogance of knowing what is best for the general public. We
vote for our leaders, we should have a say in policy again. Not be
lemmings.
Good for Britain, all though the neg side effect has been
disgusting for the narrow minded bigots harassing immigrants.
My rant - Not slamming any politician as I am not looking to
make this political - but our choices in the US Suck. So if you are
surprised about Britain, I think its a trend that will continue
around the world.
■
CCO announced uranium production suspensions at Rabbit Lake (4.2Mln lbs
annualized; 2.6Mln lbs in 2016), US operations (1.4Mln lbs
annualized; 0.3Mln lbs in 2016) and McArthur River (attributable
1.4Mln lbs in 2016). Together, we estimate the production cuts
amount to 14% and 20% of CCO's uranium production in 2016 and 2017,
respectively, as well as 2.4% of global mine production in 2016
(2.0% of total supply – incl. secondary supply) and 3.6% in 2017
(3.2% of total supply).
■
CCO will place Rabbit Lake on care
& maintenance by the end of August 2016 and cease new wellfield
development at its US operations, resulting in a gradual decrease
in head grade and production. CCO estimates severance and care
& maintenance costs of $54Mln in 2016, partially offset by a
$48Mln reduction in 2016 capex. The Cigar Lake ramp up
profile to 16Mln lbs/year by year-end 2016 is unaffected.
■
Curtailment of high-cost mines a net positive for CCO and
the uranium market. On our price deck, FY16 EBITDA
is negatively impacted by ~C$105Mln as a result of the production
cuts, but potentially offset by a US$5/lb increase in CCO's
realized price. We believe the significance of the supply cuts
occur as many fixed price contracts for industry players are
rolling off and could bring forward term contracting activity based
on lower expected supply and perceptions on the part of utilities
about mid-term security of supply.
■
Valuation: Acceleration in long-term
uranium contracting remains the key catalyst to a sustainable
re-rating in CCO shares. We estimate CCO is trading at an
equity-implied uranium price of US$49/lb vs. the current term
uranium price of US$44/lb, and consensus/our LT price of US$55/60
per lb. Our TP of C$20 is based on 1x our CRA-adjusted NAVPS
(C$19.10). Revised estimates reflect lower FY16/17 production
estimates. Our uranium price forecast is unchanged.
I am not a technician by any imagination. But wouldn't today's
candle imply 3 black crows. which would be pretty bearish. please
correct me if i am wrong. I am more of a swing player so I am
riding out these wiggles as I position short.
The community is delayed by three days for non registered users.
Ok Valid comment. 1 problem. S&P
Roberts - PE ratios & future returns
Posted by jdaswani on 11th of Jul 2016 at 02:02 pm
Ok Valid comment.
1 problem. S&P 500 2015 EPS was $117.98, so trailing eps is 2140/117.98 or 18.2x not 24x
S&P 500 Data is wrong
Roberts - PE ratios & future returns
Posted by jdaswani on 11th of Jul 2016 at 12:44 pm
Above article is misleading.
2016 Ests $118.39
2017 Ests $135.42
Avg 126.58
That implies PE 16.9x 2yr avg multiple. Big difference from the 24x multiple quoted. My data is coming from Yardeni Research.
Not to turn this political..So
EU PHILOSOPHY
Posted by jdaswani on 27th of Jun 2016 at 04:49 pm
Not to turn this political..So will refrain from doing so.
Generally, I think the issue is globally, too many Intellectuals/So called leaders think they know what is best for there populations. Its fairly common to censure, mislead and lie to constituents.
I am not a believer in big gov't oversight. I am also not a fan of fear mongers (ala Trump) and my view is that the clowns that think they are untouchable in big gov't, should be scared, as the populist revolts.
From my experience, I have met with many politicians including 2 US presidents, 1 VP and Secretary of State. General read has been the arrogance of knowing what is best for the general public. We vote for our leaders, we should have a say in policy again. Not be lemmings.
Good for Britain, all though the neg side effect has been disgusting for the narrow minded bigots harassing immigrants.
My rant - Not slamming any politician as I am not looking to make this political - but our choices in the US Suck. So if you are surprised about Britain, I think its a trend that will continue around the world.
sorry i overlooked it..clearly stated
SPY Pro system notification
Posted by jdaswani on 10th of Jun 2016 at 03:42 pm
sorry i overlooked it..clearly stated
Off course, I uber'd my
It feels like Memorial Day weekend has already started
Posted by jdaswani on 26th of May 2016 at 12:34 pm
Off course, I uber'd my helicopter to Starbucks's, no where to park.
Spy System trade?
Posted by jdaswani on 19th of May 2016 at 05:26 pm
Was there a trade or rally was too strong.
yes keep posting
ES 5 Updated
Posted by jdaswani on 19th of May 2016 at 05:25 pm
yes keep posting
how can you read this?
SPX 3 Updated View
Posted by jdaswani on 19th of May 2016 at 02:31 pm
how can you read this? So much going on
CVS strong day too
AAPL comments
Posted by jdaswani on 3rd of May 2016 at 01:32 pm
CVS strong day too
thank you. very good video
Different perspective - you never know
Posted by jdaswani on 26th of Apr 2016 at 01:59 pm
thank you. very good video
Cameco (CCJ)
Posted by jdaswani on 22nd of Apr 2016 at 10:11 am
I know quite a few of you follow CCJ, full disclosure i own it lower..
Note from CSFB calling a potential bottom in Uranium Prices.
CCO .TO: Supply Cuts Potentially Signal a Long-Awaited Bottom in Uranium Prices
Click here for document
■ CCO announced uranium production suspensions at Rabbit Lake (4.2Mln lbs annualized; 2.6Mln lbs in 2016), US operations (1.4Mln lbs annualized; 0.3Mln lbs in 2016) and McArthur River (attributable 1.4Mln lbs in 2016). Together, we estimate the production cuts amount to 14% and 20% of CCO's uranium production in 2016 and 2017, respectively, as well as 2.4% of global mine production in 2016 (2.0% of total supply – incl. secondary supply) and 3.6% in 2017 (3.2% of total supply).
■ CCO will place Rabbit Lake on care & maintenance by the end of August 2016 and cease new wellfield development at its US operations, resulting in a gradual decrease in head grade and production. CCO estimates severance and care & maintenance costs of $54Mln in 2016, partially offset by a $48Mln reduction in 2016 capex. The Cigar Lake ramp up profile to 16Mln lbs/year by year-end 2016 is unaffected.
■ Curtailment of high-cost mines a net positive for CCO and the uranium market. On our price deck, FY16 EBITDA is negatively impacted by ~C$105Mln as a result of the production cuts, but potentially offset by a US$5/lb increase in CCO's realized price. We believe the significance of the supply cuts occur as many fixed price contracts for industry players are rolling off and could bring forward term contracting activity based on lower expected supply and perceptions on the part of utilities about mid-term security of supply.
■ Valuation: Acceleration in long-term uranium contracting remains the key catalyst to a sustainable re-rating in CCO shares. We estimate CCO is trading at an equity-implied uranium price of US$49/lb vs. the current term uranium price of US$44/lb, and consensus/our LT price of US$55/60 per lb. Our TP of C$20 is based on 1x our CRA-adjusted NAVPS (C$19.10). Revised estimates reflect lower FY16/17 production estimates. Our uranium price forecast is unchanged.
IMPORTANT DISCLOSURE INFORMATION AND ANALYST CERTIFICATION ARE IN THE PDF VERSION OF THIS REPORT AND AT www.credit-suisse.com/researchdisclosures
2000, 2008 and 2016?
Posted by jdaswani on 18th of Apr 2016 at 04:42 pm
Monthly chart comparing the market's just before the crashes.
http://mrkt.news/deja-vu-2000-2008-now-2016/
INAP - Cheap Microcap trying to break out.
Posted by jdaswani on 18th of Apr 2016 at 09:54 am
Here is a full write up on INAP, http://mrkt.news/datarevolution/
SPY
Posted by jdaswani on 7th of Apr 2016 at 01:08 pm
I am not a technician by any imagination. But wouldn't today's candle imply 3 black crows. which would be pretty bearish. please correct me if i am wrong. I am more of a swing player so I am riding out these wiggles as I position short.
cjurrently 16% chance to win
SPEAKING OF GAMBLING
Posted by jdaswani on 7th of Apr 2016 at 10:00 am
cjurrently 16% chance to win Election, Hillary at 55%, Cruz 14%
FIT bullish chart
Posted by jdaswani on 4th of Apr 2016 at 04:00 pm
Really good write up here on the bullcase. http://mrkt.news/fitbit-blaze-glory/
YRCW chart looks great
Posted by jdaswani on 4th of Apr 2016 at 11:01 am
Fundamentally I think its worth $20
YRCW - Chart breaking out
Posted by jdaswani on 17th of Mar 2016 at 10:06 am
I own this for fundamental reasons but the chart is breaking out. great write up on this site for fundamentals http://mrkt.news/small-cap-observer-newsletter-yrcw/
SPY - Short?
Posted by jdaswani on 16th of Mar 2016 at 04:08 pm
Hi Guys, markets look extended to me. Any thots? I pulled this chart off another site. curious what you think.
YRCW
Posted by jdaswani on 6th of Aug 2015 at 11:30 am
Whats your target on YRCW short?