BAK: Message Board for Braskem | Forum profile

Recs: 0 Re: Anyone buying FRE here ? >WB think that they will loss 11B out of 122B of their option ARM book (roughly 8%).. Their book is more focus on Kalifornia, Florida etc< Weird. Meanwhile, Volpert is saying 80% of option arms are toast? How do we handicap this? Split the difference? (80%+8%/2= 44%?) thread start

Recs: 0 Re: Anyone buying FRE here ? I own BAC and would like to buy some more under 25. Lewis has stated that countrywide will add to earning this year. He has been pretty good so far. I know that could change at any time but this is a long term holding for me. I am interested to see how the tax losses plays out for BAC. They got an obscene amount with the buyout....

Recs: 1 Re: Anyone buying FRE here ? WFC's CEO John Stumpf was on Cramer's Mad Money a few days ago and made some interesting points. He had a great line " "We didn't miss every bad party but we missed most of them". His main point was that during the recent bubble, WFC allowed its balance sheet to grow very slowly (and below its asset capacity). He felt that WFC ...

Recs: 0 Re: Anyone buying FRE here ? >>Someone is going to be a winner in this sector. They should be taking market share and writing very profitable business. Is it WFC,JPM, or BAC........? BAC still has that huge liability from Countrywide. Don't you think that is still going to bite them? thread start

Recs: 0 Calculating EBITDAs may not be job number one in here..... ** This is a piece worth reading top to bottom. For history buffs and poli sci majors this is the stuff that will make hairs stand up on the back of your neck. If in fact Russia has offered a security pact to Germany and Germany pulls out of NATO as France is trying to not only stand up as a leader in ...

Recs: 0 Re: Anyone buying FRE here ? What is your take on the housing bill coming out in the next couple of months? The talking heads have been saying the banks will be able to dump loans on the gov. Someone is going to be a winner in this sector. They should be taking market share and writing very profitable business. Is it WFC,JPM, or BAC........?...

Recs: 0 Re: Anyone buying FRE here ? "300B of alt-a liar loans, 200B of interest only and 120B of subprime on their total book of 2.6TR That 620B of trouble, depending on the ultimate default rates and the timing of the losses. " WB think that they will loss 11B out of 122B of their option ARM book (roughly 8%).. Their book is more focus on Kalifornia,...

Recs: 0 Re: Anyone buying FRE here ? >They'll earn their way out of the hole as they have done in the past. < I think they've done themselves in. Just take Fannie...300B of alt-a liar loans, 200B of interest only and 120B of subprime on their total book of 2.6TR That 620B of trouble, depending on the ultimate default rates and the timing of the losses. No wonder ...

Recs: 0 Re: China will raise Coal export tax... "XO - you find any non-Chinese Asian coal suppliers that you like other than BTU (which still does the majority of their business in the US). " I started looking at ACI and others but never finish as the price of BTU kept going down, so I just kept buying BTU instead. thread start

Recs: 0 Re: Ken Volpert (Vanguard) and Bill Gross interview this morning.. << the originators are going to get put back alot of loans. and who do the fre/fnm/abk/mbi go after - it's bac, c, jpm, and the other standing banks. >> That's one reason I'm shorting Countrywide preferred. I believe BoA has said it will not stand behind Countrywide debt, and preferred is ...

Recs: 6 Re: Marty Whitman on "bear raids" I think the appropriate level of derision has already been placed on him, but I'd feel bad if I couldn't add my own. Who is the investor who has helped me make the most money over time? Easily Carl Icahn, whose "intended tender" then "contingent tender" of $22/share for WCI killed my at the time existing puts but allowed me ...

Recs: 2 Re: Marty Whitman on "bear raids" Marty Whitman: Founder of Third Avenue Value Fund, generated 17% annualized returns since 1990. 6 month performance: -43.38% 12 month performance: -34.61% Mohnish Pabrai: Warren Buffett was his mentor; generated nearly 30% annualized returns prior to 2007. 6 month performance: -41.20% 12 month ...

Recs: 0 Re: Marty Whitman on "bear raids" "Bear Stearns lost its creditworthiness when customers and counterparties reacted to rumors and stopped doing transactions with Bear. Lehman Brothers Holdings has been hurt by the same kind of rumor mongering." Whatta crock of self serving shite. Regarding LEH specifically: hasn't every piece of news that has come out on that...

Recs: 0 FNM/FRE FNM/FRE have had an implied backing by the Fed Gov for a long time with an occasional, implied but not guaranteed, reminder from the gov. When the crisis hit,the gov said yes we stand behind FNN/FRE.The gov will bail out FNM/FRE but will not bail out the shareholders with tax payers money.But we had rather not spend any money at all on FNM/FRE.They can ...

Recs: 0 Neuro1111 take on Tysabri growth... Some what bearish but seem realistic view of the situation... http://www.investorvillage.com/smbd.asp?mb=160&mn= 273087&pt=msg&mid=5407801 I've spoken to about 3/4 of my patients on Tysabri and I believe the final 'quit rate' will be about 12-15%. A nearby doctor with similar numbers on Tysabri believes...

Recs: 2 PV Payback- Flipper Government can do what individuals will not. I am in Vancouver and they have electric buses from the old days (those old trolley wires). They were going to get rid of them because of the unsightly wires (overhead feeds) but the people said no. Now they have those, plus NG buses, plus some fuel cell buses. They are probably all expensive in ...

Recs: 0 Re: Marty Whitman on "bear raids" <<>>> And pumping can harm competitors and distort the economy. <<< It's my turn to declare "steaming pile".>> Enron made life very tough on competitors before Chanos helped end their fraud. Look at what Worldcom did to a perfectly respectable company like MCI. No distortion there, LOL.. <<as soon as Whitman flips his 28 ...

Recs: 8 Dear Investor ACME Systematic Leveraged Macro Momentum Fund LP 321 Overprice Street Greenwich, CT 00573 Dear Investor, This letter is to inform you that the wheels have come off of the proverbial wagon at ACME Systematic Leveraged Macro Momentum Fund LP, and that the same awesome thematic portfolio that ...

Recs: 2 Re: Marty Whitman on "bear raids" "it was observed that short sellers and bear raiders have never been more powerful" I think Marty's whining just a bit here. Short sellers and bear raiders have "never been more powerful" because there is so much fear in the markets (rightfully so, due to the credit mess) that when an Ackman makes a statement, people are ...

Recs: 3 Re: Marty Whitman on "bear raids" What a steaming pile. So Third Ave never talks up their position? And why does his "uneven playing field" discussion omit bullish prognostication from outsiders who are not hindered by Sarbanes-Oxley? The actual playing field is more like short sellers vs: 1. Longs 2. Sell-side analysts 3. Management 4. Congress, SEC, Cuomo, ...