chessburger’s Activity

Tue Feb 9

NL

Boards Post

chessburger replied to the Deranged Monkey Criticism board. 2:14 PM

Re: Energy Transfer MLP Meltdown

ET,

What would a pipeline expert have done?


chessburger

Fri Jan 29

NL

Boards Post

chessburger replied to the Value Hounds board. 8:00 AM

Re: Top large-cap value stocks

naren,

so the difference is about how to calculate the discount/cap rate. that's fine.

as for beta -- I look at it and adjust it by smoothing it towards 1 by only using 2/3s of the reported beta.

also the erp is a variable [more]

Thu Jan 28

NL

Boards Post

chessburger replied to the Value Hounds board. 11:32 AM

Re: Top large-cap value stocks

naren,

good luck with your approach -- seems like a fair amount of number crunching. the work with xbrl looks appealing -- are you doing that in python?

saying that -- while it might not be comparable to a traditional DCF -- by [more]

Thu Jan 7

NL

Boards Post

chessburger replied to the Value Hounds board. 12:25 PM

Re: Chipotle - Thoughts

fost9508,

Well -- I run a spreadsheet before making that secondary call for more diligence. What I see is that CMG's stock valuation likely got ahead of itself (positive momentum) last year. The valuation gains were likely driven by the [more]

Fri Dec 18

NL

Boards Post

chessburger replied to the Hohum's RollerCoaster Ride board. 2:25 PM

Re: Dec 2015 musings

still not naming names! we'll see over the next quarter or two. i think that TK's plan to offload I believe 3 FPSO boats to TOO is the near-term problem along with any potential concern they can't roll over some Norwegian bonds. they did say that the [more]

NL

Boards Post

chessburger replied to the Value Hounds board. 9:22 AM

Re: MLP Valuations

sorry -- had a reply but forgot to send then lost it.

to frustrated to name names as for me this is about identifying the risks. in this case it is less to do (in my opinion) about operating risk but other risks. and other risks such as [more]

Thu Dec 17

NL

Boards Post

chessburger posted to the Value Hounds board. 3:11 PM

MLP Valuations

Well -- it has been interesting lately in the MLP space.

An MLP selling off today now is trading at < 2X its TTM DCF. And DCF is expected to grow if management is anywhere near being able to forecast its business over the next 2 [more]

Wed Dec 9

NL

Boards Post

chessburger replied to the Value Hounds board. 10:55 AM

Re: KMI 2016 Outlook

Sad to see this happen

I think we are operating in the here and now -- no time to be sentimental. I think from a timing perspective -- it was good to exit when you did. I don't think this has much to do with sub $40 oil -- that's just [more]

Tue Dec 8

NL

Boards Post

chessburger replied to the Value Hounds board. 1:22 PM

Re: Separation

sw,

Yes only one day, but glad to know you are ahead!

Still, EPD is up with several of the bigger MLPs such as WMB and ETE (but not all.)

KMI is likely down today by the cancellation/non-attendance of the Wells Fargo [more]

NL

Boards Post

chessburger replied to the Value Hounds board. 10:26 AM

Re: Poll: Is KMI A Value Prospect

Denny,

Here's the linked article from the linked article :)

[more]

Mon Dec 7

NL

Boards Post

chessburger replied to the Value Hounds board. 1:31 PM

Re: Poll: Is KMI A Value Prospect

Ok -- I voted yes. It is a value prospect. It's hard to imagine a company falling over 50% in equity value in not being one. I have seen valuations based on DCFs and DDMs. I think the argument against DDM is that it provides too high of a value. The [more]

NL

Boards Post

chessburger replied to the Value Hounds board. 11:22 AM

Re: Poll: Is KMI A Value Prospect

HoHum,

I think the challenge in value is separating the two sides of the balance sheet. Right now FUD is on the Liability and Equity side. I'm seeing a disconnect between the A and the L & E which is why I'm curious here.

You [more]

NL

Boards Post

chessburger replied to the Value Hounds board. 11:13 AM

Re: Poll: Is KMI A Value Prospect

Denny,

Right -- not really interested in semantic debate on value. So I would think "no" would be your answer based on taxes, the complexity of the underlying financial structure of the company, and the industry it operates [more]

NL

Boards Post

chessburger replied to the Value Hounds board. 11:08 AM

Re: Poll: Is KMI A Value Prospect

Murph,

I'm curious as to 3 as this has been a contentious part of KMIs valuation and worth. Would you separate the difference between growth and maintenance capex when noting "significant"?

For instance 2014 -- KMI's [more]

NL

Boards Post

chessburger replied to the Value Hounds board. 10:43 AM

Re: Poll: Is KMI A Value Prospect

Denny,

How to you value the "cheapness"?

What does "better" mean?

Thanks,


chessburger

NL

Boards Post

chessburger polled the Value Hounds board. 9:08 AM

Poll: Is KMI A Value Prospect

Is Kinder Morgan Inc worthy of investing at current prices? I'm curious what the board thinks.


chessburger

______________________________________________

Wed Nov 18

NL

Boards Post

chessburger replied to the Real Estate Inv. Trusts: REITs board. 10:15 AM

Re: AVB, VTR, HCN, BXP etc.

Simple,

Looking at Soros' portfolio from gurufocus -- there are 222 listed stocks.

The largest position is 3.6% and is AGN.

Interesting that BXP, FRT, HCN, SPG, VTR were all bought as new positions with a similar position [more]

Fri Nov 13

NL

Boards Post

chessburger replied to the Real Estate Inv. Trusts: REITs board. 9:06 AM

Re: Is Ventas Undervalued

JimLuckett,

Thanks for the thoughts.

VTR is in the business of buying and selling properties so I don't think I'm personally concerned regarding the skilled nursing assets spin off (CCP). In 2015 -- VTR also acquired significant [more]

Thu Nov 12

NL

Boards Post

chessburger posted to the Real Estate Inv. Trusts: REITs board. 2:27 PM

Is Ventas Undervalued

Long, long ago I got the bug to value everything at the firm level and using the concepts of return on invested capital. REITs though do not make this effort simple so I've avoided it until this year. I thought I would share my work for anyone [more]

NL

Boards Post

chessburger replied to the Boring Stocks board. 11:00 AM

Re: PGN

And there we have it from PGN's Q3'15 10-Q:

In light of a potential covenant breach under our Revolving Credit Facility and continuing adverse market developments, there is substantial doubt regarding our ability to continue as a going [more]

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Boards Stats & Trivia

Two stars, 250 posts Old School Fool
Board Posts 424
Recs Received 1380
People who have rec'd these posts 247
Recs to Posts Ratio (last 30 days) N/A
Threads Started 77
Threads Started Percentage 18.16 %
Most Frequent Board Value Hounds
Very First Post A IV Value Central post. (2/2/2007)
Percentage of Posts Rec'd 89.86 %
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