May 16th, 2008
Donald Trump told CNBC he sold his Palm Beach house for $100 million. What literary reference did he make?
“I’m a little bit of a tale of two cities. I just sold a house in Palm Beach for a number of approximately $100 million,” Trump said. “I bought it a little while ago and sold it for a lot of money.”
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May 16th, 2008
The CNBC Stock Blog featured “Israeli gems” — picks by Merrill Lynch’s Haim Israel. What was his telecom pick?
“I’ll start with Cellcom (CEL) which is the market leader in terms of cellular providers,” Haim Israel told CNBC.
Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.
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May 16th, 2008
Last month I said we have yet to see the spike down in capacity utilization that has accompanied every recent recession.
It remains early, but the latest data is starting to look more recession-like.
In the minds of many investors, I think the recession has come and gone. It will be interesting to see whether a “recession resurgence” will have any impact.
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May 16th, 2008
The geothermal industry is molten! But there are only 2 pure plays trading on U.S. exchanges. Name one.
Though there are just two pure-play choices trading on US exchanges - Ormat Technologies (ORA) and US Geothermal (HTM), there are a dozen combined in Canada, Australia, the UK and New Zealand.
Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.
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May 16th, 2008
Boone Pickens is building a huge wind farm with General Electric turbines. How much is the initial order with GE worth?
The initial order with GE (GE - Annual Report) will be worth about $2 billion.
Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.
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May 15th, 2008
In the slideshow, “Highest Paid CEOs,” which big boss has the No. 1 paycheck?
John Thain of Merrill Lynch (ML)
Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.
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May 15th, 2008
On May 6, Fast Money asked “Is The Housing Crisis Over?” Guy Adami said the best trade was:
I think the best trade is Home Depot (HD - Annual Report) adds Guy Adami.
Disclosure: At time of publication, William Trent holds no financial position in the companies mentioned in this article.
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May 15th, 2008
Web video hunt: Strategist James Altucher spoke on the May 14 Street Insider segment. What color was his tie?
Looks to me like he has no tie.
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May 15th, 2008
My latest column is up at RealMoney. It is part of an ongoing series on “wallflowers” - stocks that have little or no analyst coverage from Wall Street. In this case, it is Seacor Holdings (CKH).
Over the last 12 months, Seacor has generated about $325 million in free cash flow, which equates to a very juicy free cash flow yield of nearly 17%. This wasn’t just a fluke number, either. Over the last three years, free cash flow has averaged $295 million per year.
At 1.2 times book value, Seacor is trading well below the industry average (according to Zacks Research Wizard) of 2.7 times. On the basis of its return on equity, I estimate a sustainable growth rate in the high single digits. Adding in a potential valuation expansion to the industry average, total return could range from 20% to 30% per year, with the main variable being the estimated time for Seacor’s price/book to converge to the industry average.
Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.
Zacks Investment Research has provided Stock Market Beat with a complimentary trial subscription to Research Wizard.
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May 15th, 2008
What did Jim Cramer call “the Tony Soprano stock”?
But Tony Soprano’s official title was “waste-management consultant.” Therefore, waste management is a recession-proof business.OK, admittedly there are some gaping holes in that formula. But that doesn’t mean Waste Management (WMI) the company, isn’t “fairly recession-resistant,” CEO David Steiner told Cramer Tuesday.
Personally, I have expressed a preference for Allied Waste (AW).
Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.
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