Follow-up

Bill Nygren still likes DLPH, 11x ’14 earnings, as well as DTV. DTV is 10x next year’s expected earnings and the share count continues to decline. A merger with DISH would generate big savings.

Review

JPM might get hit for $6.8b in legal losses above reserves for manipulating energy markets.

Re-Energizing Peabody – Seerat Sodhi of QCI thinks BTU can roughly double in price.

Interview with David Kotak – Kotak said he is about at a 60/40 split between stocks and bonds now and mentioned that the NJ Turnpike tax-free munis were recently yielding 4.73% and the taxable NJ Turnpike bonds were at 5.15% (can be used in an IRA).

Vito Racanelli wrote about Teleflex (TFX). The price is down 12% for its April high and trades at 15x next year’s estimate, which is the average PE for the last 10 years and about 1/3 below its highs.