Post by
YourFriendo on Feb 10, 2023 9:24am
This Board
I get a kick out of it. For 6 years every quarter has been the same. It's like the movie Groundhog Day.
- "This will the be the quarter"
- Then when it's not the quarter, "next quarter will be the quarter"
- You have the newbies that think they've found a gem, but eventually go away after a year or so.
- You have the old work horse Rkholsa that is always scratching his head and why every quarter is so bad.
- You have the spammer, previously BBD something or other and now the new one (forgot his name as I blocked him long ago)
- you have the false profit Contrarion, who preaches his "value investing" gospel. At least he's stopped his "nickel torque" prophecy. Understandably, given nickel went from 4$ to 12$ and the stock went down..
Very entertaining.
Comment by
Oaxacan on Feb 10, 2023 10:19am
And you have YourFriendo, who is never wrong. Obviously you like "Groundog Day" as you have evidently been watching this version of it for 6 years. I am waiting for your pronouncement of "another win for YourFriendo". Have you managed to sell off your "3% and counting" position?
Comment by
YourFriendo on Feb 10, 2023 10:23am
Sorry one more: The various snowflakes on this board.
Comment by
VerificateASAP on Feb 10, 2023 10:32am
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Comment by
rkhosla on Feb 10, 2023 11:06am
yup it is always 'just around the next corner' with this one. how many 'transition years' can one company have? How many 'just over the horizons'? but this time this is the one ; )
Comment by
Ernieandbert on Feb 10, 2023 12:39pm
FCF however does deduct Capex. All that matters is FCF, especially if one performs a DCF.
Comment by
TheCount11 on Feb 10, 2023 1:50pm
Capex is lumpy. Depreciation smooths it out. "All that matters is FCF, especially if one performs a DCF." Actually shares outstanding matter just as much if not more in your DCF as does the discount rate.
Comment by
Oaxacan on Feb 10, 2023 1:07pm
In my opinion, yes, though I do have a position in the common stock, as a hedge, with substantially more capital at risk in the PIKs.
Comment by
JoJoRabbit11 on Feb 10, 2023 12:34pm
Actually regarding "torque to nickel" as opposed to "nickel torque" Contrarion is quite right. Sherritt has the highest cash flow delta to changes in nickel prices (up and down) of any of the public producers many of whom also mine other metals. I remember seeing this in a research report a few years ago. I don't think anything has changed in that regard.
Comment by
Ernieandbert on Feb 10, 2023 12:41pm
Correct and the co provides sensitivity tables on the metals and the input commodities. Ni far outstrips all.
Comment by
YourFriendo on Feb 10, 2023 2:06pm
As they say...proof is in the pudding. Nickel went from 4$ to 12$ and the stock price went from above $1 to 50 cents. Feel bad for those who correctly bet on nickel but incorrectly thought Sherritt stock was correlated.
Comment by
VerificateASAP on Feb 10, 2023 2:21pm
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Comment by
YourFriendo on Jul 27, 2023 11:37am
Wow...what a hilarious post...every quarter.
Comment by
VerificateASAP on Jul 27, 2023 11:46am
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Comment by
CommonCents123 on Jul 27, 2023 2:41pm
Having an opinion that runs contrary to yours does not male someone A liar A basher, or Nonsensical We are expressing our freedom of opinion. The last I heard, the west is still not a communist state run by a dictatorship.
Comment by
VerificateASAP on Jul 27, 2023 2:57pm
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