Direct Selling, Cheap Stock, Stock thoughts: CAL, LC, GLO, MPI

Direct Selling

I met a lot of people who are into direct selling. If you are one of them, Anton English has a lot of tips to offer:

http://antonenglish.com/three-things-that-will-have-me-running-for-the-hills/

 

Cheap Stock

What does a cheap stock really mean?

http://www.adventuresincapitalism.com/post/2010/03/15/What-Does-Cheap-Really-Mean.aspx

In my opinion, the above article describes Warren Buffett’s investment style. Warren Buffett looks at the future of business and values it while Ben Graham looks at the history of the business and values it. That is the stark difference between the master and the student.

 

CAL

CAL declared cash dividend of P.25:

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-3115_CAL.pdf

The reason they declared the cash dividend is “significant revenue growth”. I agree, but at CAL’s earnings per share of P.32, a cash dividend of P.25 means giving away 78% of the earnings.

They should have conserved more cash for the business.

My opinion only.

 

LC

LC is trying to convert their MPSA (mineral production sharing agreement) to FTAA (Financial or Technical Assistance Agreement) within this year.

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-3126_LC.pdf

This means that their foreign partner may be able to proceed to the development of LC’s mineral claims.

More about LC’s FTAA:

https://fundamentalenthusiast.wordpress.com/2012/10/20/investing-in-lepanto-consolidated-mining-inc/

I wonder how they will circumvent EO79 with regards to FTAA….. We’ll see. 🙂

 

GLO

GLO eyes complete takeover of Bayantel:

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-3135_GLO.pdf

Of course, why else would they buy Bayantel’s debt? lol

Looking forward for more disclosure. 🙂

 

MPI

As some of you may have noticed, Deutsche is selling a lot of MPI shares. Considering that MPI failed to get the express way project, Deutsche’s valuation model could probably be impaired. Thus, it should be expected that they will sell more of their position in the coming days.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s