Comments on R.J. Chopin's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/r-j-chopin/articles http://seekingalpha.com/article/87653-illegal-short-sellers-may-face-rico-indictments?source=feed#comment-636855 636855 A 13-D is not a "complaint form". It is a form filed when a party > owns over 5% of a company's stock. (In the Global Links case he > owned 100% of the stock. I also filed a 13-D reporting my 15% ownership > of the same stock, at the same time. > > The SEC contacted me, but did nothing (as far as I know) with the > information I provided.]]> Wed, 19 Aug 2009 13:54:45 -0400

On 2008 Jul 29 11:12 AM MarionPolk wrote:

> A 13-D is not a "complaint form". It is a form filed when a party
> owns over 5% of a company's stock. (In the Global Links case he
> owned 100% of the stock. I also filed a 13-D reporting my 15% ownership
> of the same stock, at the same time.
>
> The SEC contacted me, but did nothing (as far as I know) with the
> information I provided.]]> http://seekingalpha.com/article/118749-hovnanian-s-ceo-foresees-housing-recovery?source=feed#comment-379048 379048 Fri, 06 Feb 2009 23:56:52 -0500 http://seekingalpha.com/article/118749-hovnanian-s-ceo-foresees-housing-recovery?source=feed#comment-378067 378067 Fri, 06 Feb 2009 08:44:57 -0500
For an insight into the housing problem an excellent article that was on Bloomberg earlier this week....

Read and heed this information, PLEASE!

www.bloomberg.com/apps...]]> http://seekingalpha.com/article/118749-hovnanian-s-ceo-foresees-housing-recovery?source=feed#comment-377532 377532 Thu, 05 Feb 2009 17:18:01 -0500 Is there not a certain point at which horrible land speculation will lead toward a drain on that $800 million in cash?]]> http://seekingalpha.com/article/118749-hovnanian-s-ceo-foresees-housing-recovery?source=feed#comment-377134 377134 Thu, 05 Feb 2009 12:31:34 -0500 http://seekingalpha.com/article/118749-hovnanian-s-ceo-foresees-housing-recovery?source=feed#comment-376974 376974 Thu, 05 Feb 2009 11:12:15 -0500
A lot of those who speculated last year and thought they were buying at the bottom are now foreclosing and selling at a loss. I expect this to repeat a few times before a real bottom occurs, so this stock is either good for a short-term bounce or a long-term buy.]]> http://seekingalpha.com/article/118749-hovnanian-s-ceo-foresees-housing-recovery?source=feed#comment-376935 376935 Thu, 05 Feb 2009 10:55:37 -0500 http://seekingalpha.com/article/118749-hovnanian-s-ceo-foresees-housing-recovery?source=feed#comment-376901 376901 Thu, 05 Feb 2009 10:43:20 -0500 http://seekingalpha.com/article/87653-illegal-short-sellers-may-face-rico-indictments?source=feed#comment-343862 343862 Thu, 01 Jan 2009 23:34:37 -0500
End Naked Shorting now!]]> http://seekingalpha.com/article/90657-wamu-intensification-of-stealth-buying?source=feed#comment-285612 285612 Sun, 19 Oct 2008 11:00:15 -0400
]]> http://seekingalpha.com/article/87653-illegal-short-sellers-may-face-rico-indictments?source=feed#comment-259722 259722 Fri, 19 Sep 2008 22:08:39 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-255581 255581 Tue, 16 Sep 2008 02:20:08 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-255579 255579 Tue, 16 Sep 2008 02:09:56 -0400 http://seekingalpha.com/article/90657-wamu-intensification-of-stealth-buying?source=feed#comment-247829 247829 Sun, 07 Sep 2008 20:10:07 -0400 http://seekingalpha.com/article/87653-illegal-short-sellers-may-face-rico-indictments?source=feed#comment-237412 237412 Sat, 23 Aug 2008 21:17:24 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-236112 236112 Thu, 21 Aug 2008 23:24:38 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-234622 234622 Wed, 20 Aug 2008 08:49:32 -0400
Clark Jenkins
FishGoneBad.com]]> http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-234327 234327 Tue, 19 Aug 2008 19:38:18 -0400 there are banks out there with solids balance sheets, and with positive earnings. i will not mention names.
so since the sentiment is bringing ALL financials down, with some homework you can find and buy good banks on the cheap.
also some of these healthy banks pay good dividends (upwards of 6%)
The current situation does present opportunities.
Whether the sector overall has bottomed out is a psychic's guess.]]> http://seekingalpha.com/article/90657-wamu-intensification-of-stealth-buying?source=feed#comment-233929 233929 Tue, 19 Aug 2008 10:52:19 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-233592 233592 Mon, 18 Aug 2008 21:24:19 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-233581 233581 Mon, 18 Aug 2008 21:07:46 -0400
Pay attention to past mania phases, and you'll realize that financials will come back, in about 20 years.]]> http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-233437 233437 Mon, 18 Aug 2008 17:23:20 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-233203 233203 Mon, 18 Aug 2008 12:33:18 -0400
Your response reminds me of the old epitaph in the cemetery:

"But... I had the right-of-way...]]> http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-232988 232988 Mon, 18 Aug 2008 09:19:34 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-232973 232973 Mon, 18 Aug 2008 09:08:50 -0400 'Assets equal liabilities. Equity is one of the liabilities.'
You are making the big assumption here that banks lend entirely deposited money on which they pay 2%.
If this is true how did they end up in this situation where they are scrambling for gov't financing and more equiity while still earning 6-7% on their brilliant mortgage soups?
Heck, even 5.25% of Fed funds rate would have left them with profit. Well, maybe all their assets were collateralized in liabilities that pay close to 6%. Maybe this is where the originate-to-distribute term came from?
So if you're paying on those 'fee generating instruments' all you receive and the collateral goes bad, you risk losing your own fee stream and many of those banks even kept their own money (on the assets side) into these brilliant investments, which in turn creates a disbalance on the liabilities side when they lose value.
You may understand alot about old school banking, but it aint what's paying 100-200% bonuses at those institutions at year end.]]> http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-232941 232941 Mon, 18 Aug 2008 08:47:31 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-232897 232897 Mon, 18 Aug 2008 08:10:59 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-232829 232829 Mon, 18 Aug 2008 03:49:25 -0400
Airlines, autos and financials are bleeding red ink.

Commodities are rolling in cash (Witness BHP Billiton's latest earnings).

This is a classic bear market trader's rally that isn't even remotely grounded in fundamentals.

If you have a five-year horizon, you might want to buy financials. Anything less? I'd sideline your ambitions...a lot of these stocks are classic "value traps."

Also, Chopin's posted 3 articles in the last three days pumping financials. I'm wary of his motives.

No one knows what's on the financials' balance sheets. And with noise coming out about FRE and FNM teetering on the edge...well, that could get ugly...real fast.]]> http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-232800 232800 Mon, 18 Aug 2008 00:40:07 -0400 http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-232714 232714 Sun, 17 Aug 2008 20:52:23 -0400

Kina said: "The article you cited to defend your 40:1 leverage ratio for Citibank is based on 12/31/07 financials ........ you should be more careful about the numbers you throw around. "


Kina, Kina, Kina....I'll repost exactly what I said, but this time slowly so you'll catch it.

"Citi's Assets/Liabilities went from 20:1 in 2005 to 40:1 ... in ... December ... 2007!"

I hope you investing is better than your reading comprehension. And of course two years of financial degredation is relevant when posing the question (did you miss this too):

"Surely ... that's ... not ... still ... a ... problem ... is ... it? "

And of course its relevant. Why would leverage increase for Citi over this period? In light of Jasons pitch that "its all about the spread" and leverage is essentially benign, maybe you can ponder that question while your portfolio slumps.

Kina: "Citibank has increased its equity by almost 35% since then, $23 billion net of first half losses and mark-to-market adjustments. "

Were all their off balance sheet assets "market to market"?

From the WSJ:
"Losses may "extend beyond where we've seen historical levels go," said Chief Financial Officer Gary Crittenden. "We are in uncharted territory."

And despite stockpiling more than $30 billion in capital in recent months, and repeated assurances from executives that Citigroup has a plethora of capital, Mr. Crittenden said in an interview he couldn't rule out the possibilities that Citigroup will raise more money or that the board will further cut the firm's dividend."

Readers, save yourself some heartache - globaleconomicanalysis...

BTW, RJ aka Jason, reconstituted a brand new puff piece similarly devoid of any convincing logic. The fact the SeekingAplha allows such blatant cheerleading surely dilutes its relevance in the world of financial information.]]>