Good Morning Investors! Today is a big day. We have a new segment we call 'instant reaction' Now in the old days when the active investors controlled nearly half of the stock markets volume & action, this new segment would of involved me yelling out a far flung low cost name and watching it fly shortly thereafter! Oh for those crazy times again! Kind of. Older, wiser, calmer the market and myself are more regulated now. Trump wants to pull away some of these safety nets and regulation, my wife does not. Rather today as the ET SI portfolio gets ready to Take Off for the end of summer run, we will take a look at the portfolio, the names and spit out quickly the reason for owning the stock and why it should move. The only additions I can think of from here would be Sony, KTOS, PAYC, TDG, KITE I'm looking seriously at these five names. Back soon ~si
In as few words as possible... please remember I'm always very negative in these presentations. I like to keep expectations low and then blow them out of the water... <<<<Here It Is! The 2017 StonedInvestingPortfolio>>>>> 1-ALLE- Purchase Price $81.00- ) Price now $$81.00 I hate this stock. I've owned it before and I hated it then and I hate it now. It worked before somehow despite never moving when being watched. These guys make locks and we all need locks on our doors. Locks are becomiong smarter. This is a bet on the locks of the future. Steady business. Boring. 2-IONS- Purchase Price $53.00-) Price Now $56.48 eh??? Well here's the thing In my view what a great buy for someone. So many patents, so many drugs under development, such promise. 3-KERX- Purchase Price $7.99-) Price Now $7.11 just dead a holdover from last year's portfolio might get the boot if it doesn't wake up this month. 4-KRNT- Purchase Price $19.62-) Price Now $21.25 This is one of my favorite ideas. It's a printing stock from Israel I doubt your local financial rep has brought you this one! It's really really cool what you can do now to say... Wallpaper or rugs. The future is getting really interesting in high tech digital printing. 5-LITE- Purchase Price $60.45-) Price Now $ 60.95 Dead Flat! The reason rumors of iphone 8 delays. And the rumors are strong! I don't mind that because hidden withing those rumors are rumors that LITE scored big with the 3D sensors more so than FNSR. I believe both are in the phone but that LITE has 2X as much in that phone. Whenever the phone comes this stock should rocket to $80+ you have to be in this name. 6-ZEN- Purchase Price $27.83-) Price Now $29.00. I'm not happy with these guys and I have really pegged them as a hidden value play in this market-- sometimes those are the hardest to prove until actual numbers come out. Common man! 7-OA- Purchase Price $101.00-) Price Now $102.00 I see this as basing nice. Next move is Up. 8-GWPH- Purchase Price $100.00-) Price Now $114.00 This has already started it's move which should accelerate through Aug. 9- WBC - Purchase yesterday- Purchase Price $136.00 I'll be looking to add Sony at some point and have ten names. Alright we have the chips in place-- these are the names-- The market looks heavy and may have turned over a bit-- tough to tell how the market views corporate tax cut possibilities at this point. I'm losing hope on the personal side. May all of you have a radically upbeat second half of the summer. My updates will be less frequent but hopefully more profitable. Until then, I have some Bishops weed to pull. Your portfolio strategist. ~stoney
My method for finding interesting stocks boils down a process which includes speed reading through a lot of junk until a name or idea or theme catches my fancy and then I research like a Pitt Bull. These ideas can come from anywhere, it's somewhat alarming that an idea can matriculate quite quickly into an investment but that's the way it goes. Today I was reading about Geothermal Power and in particular a company I know ORA. There are a few advantages to being in the stock game since the 1980's one is an incredible amount of latent knowledge lying around my brain. I did at one point have an investment in ORA so I remember... it didn't go great more of no win no lose set up and a theory of electrical generation that seemed a bit far fetched for mass usage. Anyway I'm reading a summery of the company and the author stated: Ormat has seen steady share price increase over the past 5 years and after a pause in the second half of 2016, there has been a steady increase in 2017. Alright fair enough... that's impressive but the price now... $58... that doesn't seem much higher than when I owned the name perhaps nine years ago... -->it was $53.93 in 08'! Si if I'm a former employee in this company and all my retirement is in one name-- this name am I happy? The short (relative) term picture then is much better than the long and with oil prices low why should Geothermal projects be developed... there must be a reason... so a lot of the research leads to places like Indonesia and far flung locations, ORA is succeeding in being a SOLE LEADER in a small but steadily growing field of electricity production. Something everyone needs everywhere. That's the point- everyone needs it all over the world. So why hasn't solar worked out? Many reasons primary being competition.-- cheaper products from China, in Geothermal due to size and scale there is no " panel " that can become a commodity -- this is old school large plants and only a company like Westinghouse could compete. Westinghouse you may know went bankrupt. Anyway five cups of coffee in and I'm worked into a lather about Geothermal and in particular an investment in ORA by a company in Japan. Ormat signed a strategic partnership with ORIX Corporation (NYSE:IX). According to the deal, ORIX will take a 22% interest in Ormat and will have the right to nominate three people to an expanded board of directors. In exchange, Ormat will have exclusive rights to develop, own, operate, and provide equipment for any future ORIC geothermal energy projects outside of Japan. ORIX will also provide direct project financing for Ormat's future geothermal and energy storage projects Also, management maintained its 2017 guidance of $680 million to $700 million in total revenue and adjusted EBITDA of $340 million to $350 million for the full year. Alright 22% is no small amount! That's a pretty big step into Geothermal... Now what I find interesting is this transaction is set to close Q3 2017 (that sounds soon) This deal was struck when ORA was trading at $57. The stock is now $58. Value is in the eye of the beholder and time frames, slices of time can make a stock look very hot when in fact it's been languishing for ten years! Electric cars anyone! Electric consumption is only going up. I used to play Grid names, bets on our infrastructure... bets that due to Governmental stagnation just never paid off. In America a tragedy must happen twice for anything to get fixed. My favorite far flung theme was super cooled electrical lines and at one point I was invested in that-- these were the crazy years... I've been through the Yinglee energies and various solar names, some worked out quite well-- but all were pushed by hype and shucksters. Here we have a much more calculated bet on geothermal. As expansion goes so goes the earnings... if you can keep opening new plants you keep bringing up the earnings. This new deal with ORIX can ONLY HELP NEW CONTRACTS & NEW PLANT GENERATION it canbnot hurt and we are not paying a Yen more than when this deal was struck. Now I know next earnings report management MUST talk this up, I hope... it's a lumpy cycle business and I'm not really willing to buy ahead of the news but Give me a good report and some chatter about new opportunities and I'm in this name in a heartbeat. Maybe even before. we will see. That's stonedinvesting. ~si
You out there Stoney? Not a whole lot of hit songs here considering the great bull market as of late. Thoughts? ALLE- $78 IONS-$49 KERX-$6.74 KRNT-$16 LITE-$54 ZEN-$27 OA-$107 GWPH-$99 WBC-$138
Wabtec merger complete as strike threat hangs over GE plant The merger of GE Transportation and Westinghouse Air Brake Technologies Corp. is complete as of Feb. 25. The combined company is based in Pittsburgh. As this is written, however, the company is also facing the threat of a strike at its Erie, Pa., plant, the largest of the former GE Transportation sites included in the merger deal that made GE Transportation a wholly-owned subsidiary of Wabtec Corp. (Transport Topics)
Was $58 now $56.50 year and a half later. Geothermal is high maintenance, low energy output and the steam bores wane quickly.