| General Motors, Apple, Citigroup, Potash: Doug Kass' Views | |
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NEW YORK (Real Money Pro) -- Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings. My reason is, quite honestly, a gut feeling -- and is therefore speculative even though the share price is still depressed. (As Grandma Koufax would say, "Dougie, you can't get killed falling off of a curb.") While I expect tomorrow's auto-industry sales figures to be impressive (and likely beat forecasts) and GM's shares appear relatively oversold (unlike the Nasdaq), I've heard repeated rumors of a possible acceleration in the company's return-of-capital and capital-allocation strategy. I have no idea whether these rumors are true, but I've heard them so often and from so many different sources that I wouldn't be too surprised if this did happen sooner rather than later.
Going Short on Apple (Again) Originally posted at 10:01 a.m. EDT on Monday June 1, 2015 I re-established my small short position on Apple AAPL above $130 this morning as I suggested I would, for previously mentioned reasons. Hopefully, I can make another trip to the bank with Apple! Must Read: Warren Buffett's Top 10 Dividend Stocks
Originally posted at 9:15 a.m. EDT on Monday June 1, 2015 Citigroup has announced plans to shut down Banamex USA, which employs about 300 people and has approximately $1 billion in assets. Citi shares, which are on my Best Ideas list, are trading at +$0.80 in premarket action. Potash Corp. of Saskatchewan was mentioned positively in Barron's Up and Down Wall Street Column over the weekend after the stock had been down on Friday. In the article, Citi strategists compiled a list of global companies with equity capitalizations over $10 billion and ranked them relative to their payouts made via share repurchases and dividends. Potash was high on the list of companies with 20% operating-cash-flow margins ("cash cows") thanks to a 8.6% payout ratio -- making it a potential takeover target. POT is also on my Best Ideas list. Must Read: 10 Stocks Billionaire John Paulson Loves
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Potash Corporation of Saskatchewan Inc.
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CODE : POT.TO |
ISIN : CA73755L1076 |
CUSIP : 73755L1076 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Potash Corp. is a producing company based in Canada. Potash Corp. is listed in Canada. Its market capitalisation is CA$ 21.7 billions as of today (US$ 17.2 billions, € 14.4 billions). Its stock quote reached its lowest recent point on March 24, 1995 at CA$ 10.00, and its highest recent level on September 21, 2007 at CA$ 99.07. Potash Corp. has 840 009 984 shares outstanding. |