Hello, Fool! | Login | Signup | My Fool
Nov 21, 2008 10:20 AM ET | Feedback | Site Changes | Help
Provides construction services, including pipeline construction, platform installation and removal, construction support, and diving services, to the offshore oil and gas industry in the United States Gulf of Mexico and in selected international areas.
View All Commentary (GLBL)
Recs
livoniarules (< 20) Submitted: 9/23/08 2:35 PM : Start Price: $7.99 GLBL Score: -25.08
Bought with real dollars and looking for a multi year hold... part of my strategy to buy 20 single digit stocks as the market capitulates over the next 6 monthsWhy GLBL1. I want an energy play that isn't highly levered to the price of oil... I'm not interested in gambling about the future of oil prices... I just want to collect dollars based on a need regardless of oil pricing.2. construction and repair of offshore... what is the big debate today? offshore drilling.... what happens when you have a nasty hurricane in the gulf? repair of offshore drilling equipment...3. share repurchase program of 100m or 12% of float approx4. significant short position of 13.6%.... i love high short positions if I feel you are at a technical bottom and not in jeapordy of bankruptcy5. big earning miss last quarter was a concern... however, without the earnings miss you wouldn't be getting it at this price.... plenty of explanations as to why there was idle time, and it does not appear to be due to lack of work...6. trading at 2x cash.... I have many companies trading at cash or under in this financial meltdown, but its impossible to find an oil company trading at cash value... 2x is pretty darn good7. in 2006 and 2007 they generated 600 million of positive cashflow... so far in 2008 they have 220 million of negative cash flow towards capital expenditures... obviously this is a result of their expanding into international markets... well maybe its not obvious, but just read the 10QsI have no clue where oil will trade and neither do you.... it is prudent for any investor to have a small portion of their portfolio in oil... I wouldn't load up in just oil, but I would buy other energy stocks such as solar, coal, etc.... diversification is the key
Report this Post Replies: 12 | Reply | Permalink
Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
fewl10 (72.82) Submitted: 10/01/08 4:28 PM
Recs: 0 | Rec This
Did you really buy all these with real $$? Gosh, how did you break even this year?
Report this Post Reply
livoniarules (< 20) Submitted: 10/01/08 11:29 PM
yep I bought them... when the market made its big plunge in early sept... i was able to cash out of all my ultrashorts and at that point I finally got to about a 25% gain for the year.... each pick with $'s since then represents 5% of my portfolio... I don't plan on selling anything until 2-4 years from now and will re-evaluate after a year the losers... In any event, last week most were up double digit percentages and now they are down... they are small cap stocks after all in the most volatile market we have seen in decades...The only stock that really is in jeopardy (potential) of going bankrupt is PPC, but that one will be the first double if/when it can get its bank covenants changed...I don't plan on investing the other 1/2 of my money unless the dow plunges below 10,000 or if we continue sideways, when I think the market has bottomed..... I just felt that Sept was a good buy in time and I am sure you are aware Buffett is buying big time now too.... everyone is scared $hitless... so I'm buying in...
Bays (37.65) Submitted: 10/03/08 1:52 AM
I have been tracking this stock for awhile now. I am also looking for an energy play that isnt highly levered to oil.... I purchased RIG today with real money... But im looking to purchase a stock under 10 dollars.... I took a look at your top picks.... at this point right now ... what do you have the most confidence in? Im kind of hoping you say GLBL, but if not, im all ears....thanks,fellow fool
livoniarules (< 20) Submitted: 10/03/08 7:30 PM
actually at the current price points as of today if I had to buy one of the stocks I currently own then I would buy GLBL... from a risk reward standpoint I like it best today.................. I've put half my cash to work, I didn't think this would be the worst week in 7 years.. oh well.... and I don't plan on putting the rest of money to work unless the dow goes under 10,000.... If you are already 50% invested in the market with your account, I would hold off on buying anything else until we have a big rally day.... nothing is working right now.... usually some industry is working, but not right now
Bays (37.65) Submitted: 10/06/08 2:30 PM
well Im glad I took your advice and waited as the DOW is currently down 700 points today... And you are right,,, not one industry is in the green i think.... this is crazyThese prices are becoming a lot more attractive though
livoniarules (< 20) Submitted: 10/06/08 9:28 PM
what is interesting jbase is a fool friend of mine said I am crazy for investing in pennies... yet GLBL is down 31% since 9/16 which is about the same as AAPL... in other words, there is no place to hide today................ right now the market is in absolute panic... again, wait on the sidelines... you'll have months and months to buy into names.. the key is to wait until the market settles down... even if GLBL is up over 10% it is still down huge in the past month... just wait, eventually you will see some industries start to work... earnings will stop the bleeding.. because I think a lot of companies will beat their beaten down earnings estimates and although their outlook will be gloomy, it won't be apopolytic
Bays (37.65) Submitted: 10/09/08 3:21 PM
Thanks for the advice,,, ive been waiting and i think all of the stocks ive been watching have fallen since your last reply... Id like to think we are near a bottom.... but who knows
livoniarules (< 20) Submitted: 10/09/08 9:21 PM
start putting 5% of your money to work each day for the next week regardless of the market action... by the end of next week you will be 25% invested... then after that put 5% to work every 3 weeks based on what industries are working... the market is going to trade in a large range for the next couple of years... but that range is going to be sideways... my prediction somewhere (recently) was 8k to 11k... even during the last bear market there were plenty of stocks that did well.... one of the screeners I am using now is to find stocks whose volume is up over 100% over average volume and whose stock price is up over 5%.... in a bear market that signals one of two things... a totally crap company in its death roll (NCC, LEH, WAMU, GM) etc... or a company that beat earnings, is showing strong guidance etc.... it is easily to differentiate the two... the reason why you see this type of price action in a bear market is because there are so few companies doing well htat when one does well there is a huge volume and price spike to get in that name... considering that a lot of these names are discounted 75%... well lets say, a 3 year hold will be very profitable... i've done enough backtesting of stock database's to know this is fact... use the MF star system to help your screening process... or just watch my picks because that is what I am using as a screening process starting on 10/2... in sept my screening process was most oversold on a % basis with a high star rating...
Bays (37.65) Submitted: 10/10/08 12:28 AM
Yea i have been following your picks and will continue to do so... Also, I was reading up on MEA and Im liking them a lot more . They have taken a beating this week. There are so many options, but i only have 7500 dollars to invest.. what to do...
livoniarules (< 20) Submitted: 10/10/08 11:37 PM
avoid MEA... I am not hearing good things right now in the scrap market unless you have a long time horizon... at this point if you buy something, you buy after earnings even if it pops 10%... because many stocks are well below a 50% drop from their highs to a 90% drop... so missing a little action is nothing long term...... the pop has to be high volume based on earnings guidance.... I think we will have a bear rally and I plan on unloading 1/2 or more of my picks depending on how they bounce... I need to rethink my long term strategy, because the last 3 weeks changed the game... it might seem like flip flopping, but all year long I have went long and short and I have tried to go long for a long term hold, but each time things happened in the market that told me to raise cash in the next rally and rethink...wall street has no clue how to value any company right now... the goal is now not to catch a huge discount bottom but to figure out which industry groups are going to lead over the next year... that will start to show itself as earnings roll out
Bays (37.65) Submitted: 10/13/08 2:45 PM
Will do... And looks like youre right about the bear rally..
Terms & Conditions
RSS Headlines
Fool UK