iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

Fly Buy: BEAV

I bought 100,000 shares of BE Aerospace, Inc. [[BEAV]] @ $12.05.

Disclaimer: If you buy BEAV because of this post, the Boeing strike will last forever. And, you may lose money.

As an aside UPDATE: I sold the rest of my The Mosaic Company [[MOS]] , north of $36.25. And, I sold another 1/4th (making that half of my position) of my [[UYG]] , north of $9.10.

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58 comments

  1. Employee8

    How’s SPR stack up ?

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  2. sniper6

    I never had to pay for BEAV before and I ain’t starting now!

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  3. DannyBoy

    Fly:

    When are you going offer the PPT as a subscription service?
    Also what does the PPT have to say about CSCO?

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  4. The Fly

    mid nov, maybe.

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  5. TraderCaddy

    Since when did Leave It To Beaver list itself on the NYSE?
    I will go long Eddie Haskell and short Lumpy.

    Sniper6- Good one.

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  6. sniper6

    TC- even tho’ I didn’t pay for it, it ended up costing me plenty!

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  7. The Fly

    CSCO looks like shit. It has a 3.06 overall rating, but the technical rating is a 2.00.

    It makes sense to buy stocks that are both strong fundamentally and technically.

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  8. mdawsz

    The bearded wonder.

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  9. The Fly

    Rating for BEAV is 3.56. It’s not a buy technically, at 2.56. However, I am willing to be early, in order to take advantage of egregious gains, should this fucker break out.

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  10. DannyBoy

    Thanks for that on CSCO. I’m much more of a fundemential guy as opposed to technicals so I’m looking forward to the PPT!

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  11. Henry Fool

    What does the PPT rate SYNA FLY? It’s going to 35 but I’d be interested in what the great the mighty PPT says.

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  12. The Fly

    The Mighty PPT says SELL: 2.75.

    Fundies: 3.60-buy
    Tech: 2.05- sell

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  13. Employee8

    and SPR?

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  14. Wally

    BEAV you’re a creap!

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  15. Henry Fool

    Thaks FLY!

    IT’s funny cause my technicals say buy I was really wondering what the fundies were. Since fudies are 3.6
    I feel warm and fuzzy that the trade will pay.
    I imagine the technicals are broken on so many stocks here
    that the weighting should be toward the fundies anyway.

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  16. The Fly

    BE Aerospace beats by $0.06, reports revs in-line; guides FY08 EPS above consensus; guides FY09 revs in-line (9.76 ) : Reports Q3 (Sep) earnings of $0.59 per share, excluding acquisition, integration and transition costs of approximately $0.06 per share, and debt prepayment costs of approx $0.03 per diluted share, $0.06 better than the First Call consensus of $0.53; revenues rose 37.3% year/year to $587.8 mln vs the $588.2 mln consensus. Co issues upside guidance for FY08, sees EPS of approx $2.19, excluding non-recurring items, vs. $2.13 consensus. Co issues in-line guidance for FY09, sees FY09 revs of $2.5 bln vs. $2.58 bln consensus. Depending on market conditions, the co expects to invest approx $125 mln in its distribution segment inventories to complete the transition of the HCS business to its inventory stocking business model. At that level of investment and based on earnings guidance for 2009 of $2.00 per diluted share (exclusive of acquisition, integration and transition costs of approx $0.10 per share) the co expects free cash flow in 2009 of approx $65 mln.

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  17. j

    not good.

    Aussie and Euro yen getting trashed. gotta hold here.

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  18. Alfredo Garcia

    Who the FUCK took my head!?!

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  19. Hattery

    Interesting that you would grab this name, I just recently sold my 09 puts in this one, that I owned since it was at 30, and for awhile was actually thinking about reversing my trade completely and going long, but I decided to raise cash to deploy later elsewhere. I think this one could hold here… suprisingly enough aerospace looks like it’s set to rally. Good support, it’s already fallen quite a bit, and it has good fundimentals. Although it’s interesting with a likely Obama presidency that this one seems to now be finding support, but it’s oversold quite a bit. How do you think obama winning would effect this one?

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  20. Henry Fool

    anyone like CHK under 20 ahead of earnings

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  21. mdawsz

    Gold is homo, another swift blow for the gold bulls.

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  22. The Fly

    If the BA strike end, BEAV will book higher.

    http://ap.google.com/article/ALeqM5jRDk_jig_rWglPcX78lw5vKlRjSAD943MLAG0

    Strike is set to end Saturday.

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  23. Skates

    Start shorting for the short term, I think we will retest the lows here in 1-2 days…

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  24. charlie

    My FSLR buy yesterday I performing well, and will continue to do so, hitting a temporary peak once Obama wins, when I will scalp chests of coin.

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  25. The Fly

    Skates:

    Too gay. Not happening. Trust the man with the plutonium powered time machine.

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  26. Employee8

    HIG reacted as expected to the bad earnings report …. currently selling at 3 x’s expected earnings … for those not affraid of falling knives and looking for a spec reversal or potential takeout candidate.

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  27. TraderCaddy

    Market averages just following the dollar tick for tick. Watch FXE and FXY.
    Meanwhile INTC and thus SMH kicing ass. Could lead NAZ higher.

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  28. The game is Rigged
    The game is Rigged

    Pardon me, has anyone seen my Devildog?

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  29. Skates

    FLY: You do not think the market will close negative today? We are still in the confines of a convergence…

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  30. Henry Fool

    If any newbie technical traders want to see what a stock looks like just before it breaks through a major trigger.

    Watch SYNA right now coil under 30!
    Then watch as it proceeds to rip above 30!

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  31. j

    Rigged
    naa he only makes an appearance when the screen’s red and starts abusing everyone if they happen to be long or bullish while telling us he has an IQ of 157.23

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  32. Henry Fool

    On the topic of CHK. Can the numbers they report do anything but take it up? Could they honestly report such gastly numbers and or guidance as to cause lower prices than Senor McClenlon caused?

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  33. Controller

    Henry,
    I agree with you on CHK, I’m long and will hold through earnings.

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  34. Aris

    poor HIGgins i bet it was magnum’s fault again.

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  35. Greekpunk

    I like AUY here in the 4.60s…been buying in increments for the last hour.

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  36. charlie

    DEVILDOG’s account was badly maimed by yours truly. I made a strong effort to short his iETFs into the ground early this week. Here’s a clip of me explaining what happened to his money:

    http://www.youtube.com/watch?v=RKQ3LXHKB34&feature=related

    Drained dry… so sorry.

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  37. dexion10

    FLY:

    I like the BEAV… but given the incredible rally to end all rallies that is about to occur I will with hold my buy order in favor of better rocket ship type stocks.

    But after this rally is over … if the BEAV hasn’t moved much it is worth consideration.

    There will be many ups and downs for the BEAV…. also consider titanium makers RTI TIE… they will make big coin from the Boeing planes…

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  38. 4fl3x

    You should have went with BAE Systems instead.

    Btw, this is still killing me because of my fondness; Just what was the that whole deal you did with BEAS? Explain.

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  39. DSB

    dex, all bets are off. It feels like there are too many people taking profits to let this thing run, and by the time these people are all shaken out, we will be back on the fear cycle.

    Until we can sustain viagra-like ascention, I don’t see the rally. If more doom news unfolds, goodbye (potential) rally.

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  40. 4fl3x

    Exactly DSB. Small pikers are all taking profits and wiping the sweat off their brows. This means we can go up.

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  41. Employee8

    Aris … Senator Reid used a bazooka.

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  42. Skates

    Down we go…

    SPY and ES just hit a wall….

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  43. SSSEEEEELLLLLLL

    SSSEEEEELLLLLLLLLLLLLLLLL

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  44. Larry

    Skates:

    Leave.

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  45. Henry Fool

    Don’t you fucking retards understand?
    It’s not about crashing or missing the 1000 point rally
    both those events are over. Now you must learn to trade what sets up. Now go do your fucking homework and stop calling for egregious moves any particular direction!

    Go buy SYNA before it rips over 30.

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  46. Steph

    Just wondering…whatever happened to Consuelo Mack? She was hot, like Sue Herrera and Bertha Combs.

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  47. Eye No Stuff

    Eye No Aero. Aero is a friend of mine. But BEAV is no Aero. BEAV is a fucked up company run by an idiot CEO with a gay name – Amin. I mean, who the hell calls their child “Amin”? Would you trust a CEO named “Amin”? I’ll bet that underneath his britches, Amin has a BEAV.

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  48. Skates

    Larry: don’t get your panties in a bunch…

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  49. Henry Fool

    Another trade could be to grow some balls and get in front of CHK’s earnings. If you’re the gambler type.. which I am. How does FLY put up with all the turd traders here.

    You know who you’re not!

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  50. 4fl3x

    NOV is going to Jump $1 soon. Nice gap to close up.

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  51. dexion10

    DSB – Have some faith in mutual fund mark-ups… we will have fear buying today or tomorrow… and they’ll be better off if it is today… within the next 30 hours you’ll have a melt up… too many jobs depend on it.

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  52. Eye No Stuff

    dexion10 – just wondering, why would you buy TIE and RTI? Especially given that the new planes are going to be made of composites and not titanium. HUH ??? Forget the bullshit titanium players. They make buggy whips at the time the automobile is introduced. Buy the composite guys … HXL, CYT. Their stuff is going into the 787 at the expense of TIE and RTI.

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  53. DSB

    Dex,

    Everyone is expecting this. Last week people were ready to accept dow 7400, and it’s not too far of a stretch for sentiment to get ugly again.

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  54. Employee8

    Material breakout on 787

    * Composites – 50%
    * Aluminum – 20%
    * Titanium – 15%
    * Steel – 10%
    * Other – 5%

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  55. Yogi & Boo Boo

    Steph, She got ooooold. I saw her on tv sometime during the last year. It looked like the plastic surgery stopped working.

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  56. ZenProfit

    Steph:

    Consuela Mack went the Cramer route: http://www.wealthtrack.com/

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  57. mrs buttons

    any body else grab FXP this am on the dip? also got some MZZ – SDP anyone?

    check out ftk – earnings and wfr – ceo leaving..tankage

    Gartman loves natties…UNG?

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