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David Sims

 
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  • Fannie Mae job listing sends stock higher [View news story]
    "Former NYSE chief Richard Grasso said with the job listing, Fannie could be trying to stoke a bidding war for its listing between the NYSE and archrival the Nasdaq Stock Market, operated by Nasdaq OMX Group (NASDAQ:NDAQ).

    “Fannie Mae had been one of the great listed companies on the exchange” prior to the financial crisis, Grasso said. “With its return to profitability, maybe the people there want to create a little competition between the [NYSE] and the Nasdaq.”"

    http://fxn.ws/1tDFoN5)
    Aug 27 02:44 PM | 3 Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    Have you considered buying back in?
    Aug 2 05:26 PM | Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    Have you considered buying back in?
    Aug 2 05:26 PM | Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    Your assumption is that the original Conservatorship agreement was a "taking." The warrants have not even been executed yet. The original 10% dividend coupon has not been surpassed either, if you consider the dividends as a return of principal. We are not there yet.
    Aug 1 03:24 PM | Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    Your assumption is that the original Conservatorship agreement was a "taking." The warrants have not even been executed yet. The original 10% dividend coupon has not been surpassed either, if you consider the dividends as a return of principal. We are not there yet.
    Aug 1 03:24 PM | Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    Thanks for the comment Philly. This appears to be a recurring topic in the comments section.

    In 2009, I bought common stock shares from other shareholders in the open market. Those shareholders may have been holding stock pre-Conservatorship. When I gave them my money, they transferred their ownership rights to me. They were compensated at a rate that they thought reflected the value of the shares. Otherwise, they would have held them.

    This is how the stock market works. If you take away this basic mechanism, then the market falls apart.
    Jul 31 08:25 PM | 3 Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    It could be dependent on this lawsuit.
    http://cnn.it/1qMSXLk

    The problem with investing is that there is often a time component that is unpredictable.
    Jul 31 07:10 AM | 1 Like Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    I didn't buy my shares in 2009 because I thought they would be delisted. The court system should understand that point of view. Either we get paid fair value, which would be the higher end of the range, or they relist. Relisting costs the government nothing.
    Jul 31 06:56 AM | 1 Like Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    Yes. Whoops.
    Jul 31 06:53 AM | Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    Tom, I agree with your assertions on liquidation value and multiples of earnings. My liquidation value target is actually $14, but that value would take time to be achieved. $20 seems like a conservative short-term target based on possible privatization.
    Jul 31 06:52 AM | 1 Like Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    The water has gotten very muddy on the actual cost. A lot of the borrowing was on loan losses that never materialized. One then has to question whether they should have written off the DTA and needed a bailout in the first place. You can only rely on the stated reported amounts paid until a case is made that clearly shows the losses were overblown.
    Jul 30 05:29 PM | Likes Like |Link to Comment
  • Blackstone Plan Proves Value Was Taken By Treasury [View article]
    I think once you get passed the assumption that the Treasury can just change the rules willy-nilly, you come to a conclusion that the rules have already been set by the original Conservatorship agreement. Common shareholders hold 20.1% of the company until a judge rules. Under the set amount of dilution and set amount of earnings, one can compute an EPS and then create a multiple off of that.
    Jul 30 05:27 PM | Likes Like |Link to Comment
  • Expect Gilead Sciences To Outperform [View article]
    "If you litter the path with mistakes, it suggests you are sloppy and more likely to be wrong where it matters."
    Please point out an actual mistake.
    Jul 30 08:09 AM | Likes Like |Link to Comment
  • Expect Gilead Sciences To Outperform [View article]
    "In a clinical study of 327 patients with Hep C genotypes 1, 4, 5, and 6 without prior Hep C treatment taking SOVALDI + ribavirin + peginterferon alfa for a treatment duration of 12 weeks, the cure rate was 90% (295 out of 327 patients studied)."

    http://bit.ly/UIDKMa
    Jul 29 12:03 PM | Likes Like |Link to Comment
  • Expect Gilead Sciences To Outperform [View article]
    "In a clinical study of 327 patients with Hep C genotypes 1, 4, 5, and 6 without prior Hep C treatment taking SOVALDI + ribavirin + peginterferon alfa for a treatment duration of 12 weeks, the cure rate was 90% (295 out of 327 patients studied)."

    http://bit.ly/UIDKMa
    Jul 29 12:03 PM | Likes Like |Link to Comment
COMMENTS STATS
304 Comments
300 Likes