In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Nor was Chesapeake alone in growing revenues. EOG Resources (NYSE: EOG) reported a TTM revenue of $13.75 billion in September 2013 that grew to $17.14 billion in September 2014, another increase of nearly $4 billion. Devon Energy (NYSE: DVN) reported an even bigger increase. Its TTM revenue grew from $10.35 billion in September 2013 to $16.2 billion in September 2014, an increase of nearly $6 billion.
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The Superchargers seem to violate one of the basic rules of business and investment as outlined by Benjamin Graham: Don’t lose money! Graham, as value investors know, once famously said that “don’t lose money” was Rule #1 for investors; Rule #2 was see Rule #1. The Superchargers don’t make money—they cost money—and the disturbing thing is that they could make money.
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Mr. Musk has some real explaining to do about the Superchargers. How is constructing infrastructure that does not seem to generate any revenue and costs money to operate supposed to help his company? Investors deserve some answers here, Elon.
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Energy is not the only industry that would be disrupted by falling oil and gas prices. The effect of cheaper gasoline on big retail could be just as profound and wide ranging.
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The truth is that neither Dollar Tree nor Dollar General needs Family Dollar. Both chains are doing well and making money without Family Dollar and its problems. A far better strategy for these two companies would be to let Family Dollar collapse and pick over its carcass.
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