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As I have lost my arus in the last week on ssccp
I bought in Monday prior to all this mess.. Talk about poor timing.
I have taken time to see if I could understand the dynamics of the WSjournal Speculation. And to see what if anything could be salvaged from all the hype and try only to deal with facts as I see them.. I am sure others can add more information
and I hope others will add there two cents but only facts as they see them...
So off we go.. First we all know about the
"The Chicago-based company, which owns timberlands as well as wood-products production facilities, recently engaged a law firm and financial advisers with expertise in bankruptcy filings, The Wall Street Journal said, citing anonymous sources.
Specifically, Smurfit-Stone is seeking about $750 million in debtor-in-possession financing, the newspaper said. Also, the company advised lenders last week of its efforts to obtain debtor-in-possession financing."
http://finance.yahoo.com/news/SmurfitSto...
For the full article.
Now as far as I can see to Smufit $750 Mill is chump change this is why.
On In October 2008,after a restructure
they created $8 million and $41 million, respectively,
then look at the 6. Accounts Receivable Securitization Programs
"At September 30, 2008 and December 31, 2007, $645 million and $656 million, respectively, of receivables had been sold under two accounts receivable securitization programs, of which the Company retained a subordinated interest. The off-balance sheet debt related to the two accounts receivable programs totaled $391 million and $422 million, respectively, as of those dates."
http://www.sec.gov/Archives/edgar/data/9...
Now if Smurfit is the Sponsor of the above securtitazation program this has opened up this
amount and this is why.
"The sponsor realizes several benefits from its transfer of receivables to the SPV. The most important benefit is that the sponsor will not need to wait until its accounts receivable are collected to have cash available for use. Another benefit is that the sponsor can improve its debt-to-equity ratio, thus improving its credit rating for future financial transactions."
http://findarticles.com/p/articles/mi_m3...
for full article.
So with even this information I would say that
Smufit may have let the WSJ article run to even
lower it's expense by being able to purchase its
ssccp and sscc stocks back at a giant savings..
(pure speculation on my part)...
But there is a lot more to this company than meets the eye...
And beyond all this eventhough we have seen no statement from Smufit the Big Statement was the on time payment that we all saw happen last week..
So what do you guy and ladys think... Is this a logical train of thought?
thanks
brwtrpilot
ps
SSCC
Ranking: Fortune 500
Revenues: $7.4 Billion
Employees: 22,700
=====================================
Now lets look at other firms
=======================================
Sonoco Hartsville, SC
Ranking: Fortune 1000
Revenues: $4 Billion
Employees: 18,600
======================================
Cascades Inc.
404 Marie Victorin Street P.O. Box 30
Kingsey Falls, Quebec J0A 1B0
Canada
Ranking: Russell 3000
Revenues: $4.2 Billion
Employees: 14,000
=========================================
Rock-Tenn Company
NYSE: RKT
504 Thrasher Street
Norcross, Georgia 30071
United States
Ranking: Fortune 1000
Revenues: $2.3 Billion
Employees: 10,250
===========================================
Kruger Inc.
5845 Place Turcot
Montréal, Quebec H4C 1V9
Canada
Revenues: $2.4 Billion
Employees: 11,500
====================================
The Newark Group
20 Jackson Drive
Cranford, New Jersey 07016
United States
Revenues: $923 Million
Employees: 3,169
====================================
The Point is
Look at who is at the top of the list with income..
Look at who has the most employee base.
The Numbers just don't add up for the D.I.P.
My guess is that someone has passed on information for the express reason to drive the price of this stock down.
Technip/Deepdown
Does any one know if there is any type of relationship between technip and DD. If so what information do you have...
Thanks
UP we go told you so
01/16/09 14:38:32 0.098 0.098 0.098 1827090
01/16/09 14:38:41 0.10 0.10 0.10 1852090
01/16/09 14:38:54 0.10 0.10 0.10 1858090
01/16/09 14:39:02 0.10 0.10 0.10 1884090
01/16/09 14:39:27 0.10 0.10 0.10 1909090
01/16/09 14:40:01 0.10 0.10 0.10 1919090
01/16/09 14:40:12 0.10 0.10 0.10 2032590
01/16/09 14:40:18 0.10 0.10 0.10 2042590
01/16/09 14:40:23 0.10 0.10 0.10 2052590
01/16/09 14:40:26 0.10 0.10 0.10 2057590
01/16/09 14:40:29 0.10 0.10 0.10 2062590
01/16/09 14:40:49 0.10 0.10 0.10 2083590
01/16/09 14:41:52 0.10 0.10 0.10 2085090
01/16/09 14:41:59 0.10 0.10 0.10 2135090
01/16/09 14:43:37 0.10 0.10 0.10 2153090
01/16/09 14:43:43 0.10 0.10 0.10 2168090
01/16/09 14:45:47 0.10 0.10 0.10 2218090
I don't think they are going to spin off anything.
They cut some serious cost in the last month or so.
and then the mgt started buying stock... I think they are getting ready for the long climb back up...
The following may help us understand why the mgt is not buying as much as we think they should ....
===============================================================
THIS IS FROM KATHY MUNSON IN THE IR DEPT...
The Board and management have not been permitted, per Company rules, to purchase
stock since June. We have conservative trading windows that are designed to ensure that we don't run afoul of insider trading regulations.
I believe the window will be open very briefly this month, post the series of transactions we completed in December and related announcements, but before we get too close to
the end of our fiscal quarter.
That said, I certainly don't disagree with you. My purchases aren't made public because I'm not an officer of the Company, but I do purchase stock when I can.
Thanks for expressing your opinion,
Kathy
===========================================================
I had asked her to express to the board to put their money where their mouth was. I feel that the above is a honest answer
and gives me a feeling of professionalism from them...
This spooling is what I keep talking about over on carpenter bayou. The company who makes this is hammering out several giant spools. I saw 3 big ones and one you could park an couple of RV's under starting to get made today....
good sign I hope...
Thanks for the info I'm really sick that it crashed today though.
but maybe they can pull it out.. I did not get to deep in as I am testing and learning on preferred. but at least I think
if indeed they go belly up which I just don't see. with the preferred I can at least get something back..
I hope
Rollover and Die,
Just got spanked with the ssccp as you know I just got in and low and behold there stock price tanked and I got spanked just whining.
rumors killed this one... we'll see...
brwtrpilot
According to http://www.quantumonline.com
(I had used them in the past and Think I will send them some cash in the near future. Just forgot.)
Any way this is from their site and would like to break it down and hopefully get input from others....
SSCCP assuming I got 100 shares....
SECURITY DESCRIPTION: Smurfit-Stone, 7% Series A Cumulative Exchangeable Redeemable Convertible
((OK first does this mean #1 Cumulative does this give it a high rank in the pecking order verses common stock holder??))(I figure Yes)
((Exchangeable means it can be traded for common shares for 34.28 bucks??(If so I just made a killing as I will make them pay me lots of cash ASAP) (I have no idea what that means)
Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option(This makes me wary because the company could say sorry your out of luck)( is that true??if so why bother issuing prefered stock)
on or after 2/15/2002 at $25 per share plus accrued and unpaid dividends, maturing 2/15/2012, and with distributions of 7% per annum paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the date set by the board no more than 60 days or less than 10 days prior to the payment date. The preferred shares are convertible any time at the holder's option into common shares of Smurfit- Stone Container Corp. (NYSE: SSCC) at an initial conversion price of $34.28 per common share.(see above ) In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.
maybe someone who knows what their are talking about can break it down as a learning tool... Thanks Brwtrpilot
Inflation hedge... I am not the most educated person. But does history show us that in times of inflation . and I feel 09 we are going to see a lot of it most folks run to gold and energy.
So with that in mind it seems to go that DD is an energy sector stock that will benefit from that in the next year...
Also BTWay was up in carpenter bayou the other day and the giant coils of underwater cable are out on the dock and there where several folks milling around... I don't know if that has anything to do with DD.. But I will be getting off the boat soon and plan on stoping by DD and chat with them a bit...
see if I can pick there brains a little...
good luck folks....
brwtrpilot
Sure did, not anything that stood out...on ivestopedia.
But I did go and start buying some Preferred Stock because
I had some cash on hand to mess with.
this is my first two.. let me know what you think...
I know FOGLOL brwtrpilot what are you doing...
SSCCP AND EPEXP 3.04 AND 1.71 in.. I feel epexp is a play.
But SSCCP should be alright in the long run when the world gets it head back on and start doing business again..
Insider buying is happening So this shows they have faith in themselves... IMHO also some institution buying this is a good thing
What does the j e or m stand for on the div statement on the link you guys posted to the wall street journal site?
look down the div line on any of the pages to see what I mean..
thanks
brwtrpilot
Most Outstanding.!!! Great link to information Thank you
It is an uphill climb to figure Preferreds out hope someday to be able to add good stuff also.. until then I will just pat you on the back for the good stuff.. Maybe some links to some learning rooms or even just take a single stock as an example and break it down for the new person like me.. who knows... but great so far thanks...
brwtrpilot
Hi all:} Just found this board good idea..
I have never messed with Preferred at all and just for g and grins
I entered the six-pb on both first trade and zecco and neither one of them came back with a quote.. As I am green with preferred is there a certain way a person has to purchase a preferred?
What brokers do you use and what is there system...
Thanks in advance
brwtrpilot
Good link,
I feel we have a good little company if it can hold together for the next few years we will see most of our plastic taken care of this way.. Reason i say this is imho plastic in the waters as they break down to the chip or bead are hampering the process of evaporation I think the sub partical plastic is adhearing to the H2o making it to heavy to convert to rain.. this in turn is part of the problem with the lack of proper rainfall in this country and across the world.. If indeed a study can confirm this the whole recycle process of plastic will have to go with the Eco2 process. The logic is sound if only we can get the word out...
Not only this but the current mainstream process uses way to much water and water is becoming a asset that we can not waste when there is a better way.. I feel that the Angle investors who have the means should get this information out and in the larger media markets. These two little tidbits could make a heafty profit for them and those who are in the stock from any where from 50c to 75c. above that I would use caution until big players like coke have to use the science.. once that happens this is an easy 2 to 5 buck stock. imho..
but once again the word has to be put out.
I also look for a good run in the next few weeks... I can say with almost assured confidence that the big oil firms will not back down from expanding the basic fleets and exploration of its oil fields.. It is nice to hold a stock that I am not worried about.
I will continue to add as I see fit... happy trading to all this week
brwtrpilot
Smack,
Ok this is a link I came across on MF home sales
http://www.census.gov/const/mhs/shipment.pdf
A person can see that it not that bad. Now as for going pink.
No big deal.. I had a bank stock go pink. I flipped out sold at a loss and then kicked myself about 3 months later. BE CALM.
When you first bought this stock you had taken time to study and did your DD,, now all the sudden it is breaking down.. I am not a super investor but I do take time to look things over. And I feel most of you do also.. So the whole market is in the tank. What is the first thing your learn in buying stock.. Buy when there is blood... So FLE has some blood on the ticker.. Turned it Pink even.
hummm lets see Management is cutting cost.. Mgt is cutting Debt.
Mgt is getting updated Government Contracts... ummm what else... Mgt states in Black and white
"will not change the Company's filing of periodic and other reports with the Securities and Exchange Commission under applicable federal securities laws."
AND
"management restated its commitment to the next phase of an aggressive restructuring program, which is designed to return the Company to at least breakeven cash flow early in the next fiscal year. "
Now again I say CALM DOWN they are doing what needs to be done to make it happen,, If you are in and at a loss DDown imho...
If the money you have in the market is life and death why are you in the market in the first place..???? FLE if indeed they are successful in the restructuring will be back in black by end of year.imho.. Mgf Housing is the next logical step to the housing market rebound.. With homes running from 40-60k giving
a person a way to rebuild credit while not getting stuck with outlandish monthly payments... Follow the logic and invest with wisdom... Good luck
Brwtrpilot
LOL
Good for you, (brwtr Brown) Water stands for the pilots of towboats in the inland waterways... So I get to see a lot of plants that are doing there thing from Tx. to Ala and points in between..
Be that as it may check out the
http://www.marketwatch.com/news/story/stocks-brazil-rally-other-latin/story.aspx?guid=%7BEB67BFFC-DF4D-4ABB-849D-4A297E6B1E35%7D&dist=msr_1
This is a good thing for us all as we will see the Brazil Stock climb and one of DD clients go up this only add a stronger platform for the people DD works for... This is good stuff imho...
have a great weekend
brwtrpilot
Decatur Ala.
Does someone Live in Decatur rumor has it that there was a big shipment of wood and material hitting the plant today..
Did they buy to cut on there tax fees for 08 or
Are they DDown on their basic material?
I something in the wind?
If someone lives there and can drive by and check the yard let us know.. Thanks
brwtrpilot
This is important to understand...
As I do drive boats for a living. Not the blue water but inshore
I know that there is a shortage of vessels across all sectors.
And while offshore rig boats are getting built the inner costal
boats are fighting for space in the yards... While I could go into the need for our inner coastal system to upgrade to modern times I will forgo that.. but what this means is indeed there is a need that is being taken care of as we write on this board..
As more ship come on line there is more research going to happen.
take that as you may
You know I see a lot of grumbling about the Management of DPDW.
So I just wanted to look at it in a different way..
Could it just be that the guys that run this company really don't give a rip about the investment side of this. They just are in it for the love of going deep.. Maybe the huge success of the company blind sided them.. and now they are having to play catch up.
All the while doing what they love to do and that is pushing the
underwater construction to the limits of known technology?
Could it very well be that if they continue have such great success. (look at the contracts) that they will just have to hire someone to look after the cash side of it.. I know that if I had a good thing going I would be reluctant to let someone mess with my money.. And even more with what happened with the talk of the board for the last several months.. So where do we go from here..
well I see the large coils of deep water cable being made just down the road from them on carpenter bayou.. No slow down there.
Oil contrary to many is a limited resource so the exploration
and cultavation of new sites has to be in the forefront of each
oil company.. So how does DD sit in on all this. I think they will continue to grow and develop as a company of choice in the underwater construction field.. I feel that as they get older the management will get ahold of their new found wealth.. And the investor for the long run will have been glad to have the vision to invest in this little gold mine early on....
have a happy new year.. Dig deep down and see who financed the Brazil Deep sea Oil development.. ie search world bank headlines for the last year ... ( no I won't tell you do your own DD)
Brwtrpilot
Yepper saw that ;;; He got lost... LOL
Just kidding happy New year
Yeppers that the one...
I also love the surf pic.. looks like rockey right on hono..
I feel that if indeed we as investors can get the word out about the method they use to recycle. With no harmful effects to the environment with waste water. Also the conservation of water.
That is a big one in Cal i'm sure.. We as a group can help this company grow.. If it means taking time to drop a not to environmental groups or your local paper.. Or if you live in spartanburg s.c. you could approach coke and let them know you feel it would be a great thing to add this tech to their recycle plant there...I'm sure traders would not bother but folks who invest and have a goal of helping the earth. This would be a great start.. good luck
brwtrpilot
Just wanted to say I feel this stock is going to rock this year
there are some good things in the making with the FDA approval
of the plastic for food storage...
hope this board will pick up soon and we can get some real investment info...
Thank you for the info...
So after reading most of the night I figure a good place to pull the trigger would be around the .08 to.09
We'll see
Nice Board Guy/Gals: I got in DD@.91 But OMG .145 WHHHHAAAATTTT Happened to this ol boy... would you mind posting a link to the
information about the pp you guys are talking about on 12/19
12/20 I checked the sec and news and I am not seeing it..
Not that I am anywhere near a savvy investor. Just an ol riverboat pilot with some left over beer money for the markets...
Oh btw who ever did all the photos above did a GREAT JOB!!!
thanks well better get back to reading past post 150 down and looks like a lot more to go.. Man you guys talk a lot...:}
Have a great Christmas.
brwtrpilot