Seeking Alpha

PlanMaestro

 
View as an RSS Feed
View PlanMaestro's Comments BY TICKER:
Latest  |  Highest rated
  • Be Greedy When Others Are Fearful: Francis Chou Edition [View article]
    It was not Bank of America who said it -I wonder what is the incentive of the insurers insurers-, $20 billion is the upper limit, and it is much less than one year of earnings.

    "the Association of Financial Guaranty Insurers said in a Sept. 2 letter to Bank of America Chief Executive Officer Brian T. Moynihan. Ambac Financial Group Inc. and Assured Guaranty Ltd. are members, and the group said repurchases may total $10 billion to $20 billion. "
    Sep 14, 2010. 07:22 PM | Likes Like |Link to Comment
  • Bruce Berkowitz on Financials [View article]
    The video link is obsolete, for the interview you can find it at

    variantperceptions.wor.../
    Sep 14, 2010. 07:17 PM | Likes Like |Link to Comment
  • Bruce Berkowitz on Financials [View article]
    Citibank IS earning more than $1 per share. Check the pre-tax pre-provision earnings.

    I agree with all what what you say about Wells, but it has nothing to do about the depth of the current credit issues and the numbers show that the credit issues are improving.
    Sep 14, 2010. 07:13 PM | 1 Like Like |Link to Comment
  • The Market Is Warming to Shipping Sector on Better Fundamentals [View article]
    Good article Jeffrey, hard to understand GSL's price given the recent CMA CGM performance
    Sep 10, 2010. 06:32 PM | 1 Like Like |Link to Comment
  • Be Greedy When Others Are Fearful: Francis Chou Edition [View article]
    Not sure I understand what you are trying to say, the unemployment numbers are economic numbers and very much followed. If there are other issues with the economy not being quantfied, what are those?
    Sep 2, 2010. 12:34 PM | Likes Like |Link to Comment
  • Be Greedy When Others Are Fearful: Francis Chou Edition [View article]
    So a double dip for you is another collapse of the financial system like Lehman's? What could trigger that?
    Sep 1, 2010. 06:00 PM | Likes Like |Link to Comment
  • Be Greedy When Others Are Fearful: Francis Chou Edition [View article]
    Jacob, not sure there is a consensus on what is a double dip. I think housing has another 10-20% to go and we can be in a period with -1 to 1% inflation. But GDP is stabilized and banks are well capitalized.
    If a double dip is another collapse of unemployment to 15%, it does not look like it is going to happen.

    And remember, banks have a self healing process with the PTPP earnings and the current loans are great (and the bad ones processed or in process)... another leg down is not like 2007
    Aug 30, 2010. 11:05 AM | Likes Like |Link to Comment
  • Bruce Berkowitz on Financials [View article]
    Thanks Asif, will check your recommendations. You might want to check my articles on some other interesting banks with insider buying
    Aug 30, 2010. 01:23 AM | 1 Like Like |Link to Comment
  • Be Greedy When Others Are Fearful: Francis Chou Edition [View article]
    They also changed some key words, "ignores some of these potential negative events" it should read instead "Francis Chou conveniently lists some of these potential negative events"

    The whole editing makes it looks like it that I was taking attribution and criticizing his point of view. Bizarre.

    Here is the original variantperceptions.wor.../
    Aug 29, 2010. 11:28 PM | Likes Like |Link to Comment
  • Be Greedy When Others Are Fearful: Francis Chou Edition [View article]
    They have been working the junk. Check the cash flow and PTPP earnings
    Aug 29, 2010. 09:17 PM | Likes Like |Link to Comment
  • Be Greedy When Others Are Fearful: Francis Chou Edition [View article]
    Messed in translation by SA
    Aug 29, 2010. 09:15 PM | Likes Like |Link to Comment
  • Be Greedy When Others Are Fearful, Wells Fargo Edition [View article]
    Be greedy when others are fearful. Good pricing and good collateral, what is not to like?
    Aug 25, 2010. 03:14 PM | Likes Like |Link to Comment
  • Be Greedy When Others Are Fearful, Wells Fargo Edition [View article]
    I did not say amazed, I said surprised :) Check Wells Fargo's cost of funds and pre-tax pre-provision earnings, intangibles sometimes are very tangible.

    And M2M accounting of loans for banks? One of the stupidest ideas around. Let's give Mr Market control of our financing sytem precisely at the time when he is being a maniac.
    Aug 25, 2010. 03:10 PM | 1 Like Like |Link to Comment
  • Charting Banking XIII: History of Bank Failures [View article]
    Actually that is impossible because we have fewer banks today I think in the order of 4,000. Most estimates I have seen put the number below 1000 (and those were in March 2009) that is still a big number but nowhere near to the S&L crisis.
    Aug 18, 2010. 12:17 PM | Likes Like |Link to Comment
  • Sun Bancorp: Wilbur Ross as Phoenix Investor [View article]
    Good article Tom, I am also following the situation and bought an initial position
    Aug 17, 2010. 03:04 PM | Likes Like |Link to Comment
COMMENTS STATS
111 Comments
29 Likes