» ANGELO V.'s RepliesBonner & Partners

Tuesday, 23 January 2018

Contact Us: 1-855-849-2885

ANGELO V.

Forum Replies Created

Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • in reply to: Is PBR a good choice for the portfoilio? #27388

    ANGELO V.
    Participant

    Does not surprise me a bit. I have argued long time ago that I think PBR was a poor choice for a variety of reasons I outlined before.
    It’s like Verbundkraftwerke in Austria. A hydroelectric power producer monopoly- should be cashcow. But mostly government owned is managed to serve the majorityowners interest.

    in reply to: Is PBR a good choice for the portfoilio? #27357

    ANGELO V.
    Participant

    They will have to become share holder friendly.
    If they divest some of the holdings to decrease the government share the divestments should be at a fair price and not another insider deal where politically connected cronies get businesses at a below market fair prices-
    It will require a lot of homework
    The easier part is to just stay away

    in reply to: Is PBR a good choice for the portfoilio? #27352

    ANGELO V.
    Participant

    Even though Statoil is as you say 67% government owned – Norway as a country is not broke as many other countries are. Unemployment is also low so there is no need to fill the company with “voters”. I would say Statoil as a resource company appears to be not a bad choice. No idea what their reserves are and what partnerships they have to continue staying in business though.

    in reply to: Is PBR a good choice for the portfoilio? #27347

    ANGELO V.
    Participant

    Jay, good to see somebody agrees with me even though it looks like Rob is still convinced it was a good long term investment. I did unfortunately follow his early advise assuming he knew something I did not. Large government controlled business have an inherent problem – they are filled with people who’s forte are the political connection and not their competence. If you add to this a majority government ownership and a culture where bribes are the norm and where property rights are poor its another reason to stay away. This is the case with Russian giants like Gazprom, another of Robs choices. Yes, money is being made there – however it does not benefit the shareholders. Just look at what’s going on in the Ukraine right now. Here you have a basically rich country which is broke. Thanks to Oligarchs and corrupt lawmakers starting at the highest level.

    in reply to: POCKET MONEY GOLD #27302

    ANGELO V.
    Participant

    I would say small denomination gold coins like 1/4 OZ or 1/10 OZ.
    In 1945, when there was not much to eat in post war Austria, my mother traded a small barrel of pigs fat for a few Swiss franc gold coins from a farmer. This made quite a difference for us. Don’t think a gold bar would have been as useful.

    in reply to: Trend towards physical Gold and is GLD risky? #27276

    ANGELO V.
    Participant

    I trust SGOL more. No factual reason though other than hearsay.
    angelo

    in reply to: Is PBR a good choice for the portfoilio? #27179

    ANGELO V.
    Participant

    Thanks, I did not expect a direct response – since this should be of interest to all members- a generic, why PBR is good even though a goverment owned business, would be really all I was hoping for.
    avk

Viewing 7 posts - 1 through 7 (of 7 total)