Paulo

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    • Wed Sep 17th 16:53 PM | Rating: 0 0
      Commented on:
      Is AIG a Buy Following the Government Bailout?
      If that is what you think, buy now for a couple of bucks before everyone agrees with you.
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    • Mon Sep 15th 19:08 PM | Rating: 0 0
      Commented on:
      Four Questions About How We Got Here
      Wow! Did that market ever take a big dive after that uptick!
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    • Mon Sep 15th 15:41 PM | Rating: 0 0
      Commented on:
      Four Questions About How We Got Here
      User 262591 -- S&P 500 after hitting 1200.74 is now in the inevitable uptick in the last part of trading which will result in optimistic news reports this evening.
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    • Mon Sep 15th 15:11 PM | Rating: 0 0
      Commented on:
      Four Questions About How We Got Here
      User 262591 -- about resistance levels -- do not panic. The S&P 500 is, as I write, at 1205.47.
      The 52 week low is precisely 1200.44.
      In all probability it will be reported this evening that the S&P decline encountered "resistance" at the 1200 level.
      Less than an hour to go, let's see.
      View article »
    • Sat Sep 13th 14:49 PM | Rating: 0 0
      Commented on:
      Some Housing Schadenfreude
      A big difference between Canada and the U.S. is that the interest you pay on what you owe on your principal residence is not in any way tax deductible but when you sell, there is no tax on whatever 'profit' you make. There is less incentive in Canada generally to bet on a McMansion with no money down and with a 40 year mortgage. As for the hot market in Calgary, it has happened before in that same place that a lot of people have walked away from homes they paid too much for.
      Things will get interesting when those who did buy particle board McMansions with no money down and 40 year mortgages are obliged to deal with all the major repairs that kind of 'investment' involves only halfway through the mortgage pay-off period.
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    • Fri Sep 12th 13:44 PM | Rating: 0 0
      Commented on:
      No Conspiracy Behind Tumbling Commodities
      Good overview of some important emerging trends in global macro-economics (whether you are a trader or investor).
      Do not much care whether Coxe is jumping the shark or gets eaten by one. May the best one win!
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    • Fri Aug 8th 22:18 PM | Rating: 0 0
      Commented on:
      Don't Just Do Something, Stand There
      Regarding the specifics concerning Royal Bank of Scotland (RBS) which is mentioned as having floated the largest rights issue in European history this summer after telling everyone earlier earlier in the year that there was no need to raise new capital, 95% of RBS is owned by institutional investors and the rights issue was 95% subscribed (much better outcome than a number of other banks).

      If you owned RBS as a retail investor in the form of ADRs, you may have received this agenda after the annual meeting had been held to vote on it and discovered that the ADR holders had no rights and what rights they had would be sold at market by the underwriter.

      But you did not have to do nothing and stand there, Mr. Price. You could have sold your diluted common stock and bought RBS preferreds which recently declined from an issue price of $25 to just over $10 (and have almost doubled since as of today).

      I do not know whether RBS is going bust, but it is sure an interesting ride!!
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    • Thu Aug 7th 11:50 AM | Rating: 0 0
      Commented on:
      Desire for Safety Has Made the Financial World Risky
      Interesting take on things!
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    • Mon Jul 28th 11:25 AM | Rating: 0 0
      Commented on:
      Northern Oil May Be Headed South - Barron's
      Even if, as Soros and others have argued, the sector is showing signs of a bubble, and even if a slowing global economy leads to a reduction in demand, the U.S. dollar has declined significantly, inflation is up considerably almost everywhere, to which can be added the increasing cost of extracting oil from new sources such as Bakken (technology is improving but costs will not go down even if inflation abates).
      Long-term investors should be careful about taking profits in whatever solid investments they have made in the sector (may not make sense to sell your pipelines).
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    • Sun Jul 20th 20:09 PM | Rating: 0 0
      Commented on:
      Historic Financial Collapse Underway?
      Much of reality, unfortunately, is socially constructed.
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    • Fri Jul 18th 11:59 AM | Rating: 0 0
      Commented on:
      Canadian Banks To Reap From Credit Crisis
      U.S. investors might be better off in iShares XFN (TSX). Have a look at the charts, and place your bets on the Canadian currency dropping or rising 10% against the U.S. dollar.
      View article »
    • Wed Jul 16th 11:55 AM | Rating: 0 0
      Commented on:
      Preferred Stocks Get Crushed
      Yesterday, RBSPRS (NYSE) hit an intraday low of some $10 and is now back up over $14.
      No visible reason why it should have traded at $10 on an issue price of $25 and redeemable only in 2012 (though it is non-cumulative).
      Just to continue the conversation based on the first comment that at least some financial preferreds are trading at bankruptcy levels.

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    • Mon Jul 14th 21:20 PM | Rating: 0 0
      Commented on:
      Preferred Stocks Get Crushed
      By the time we all know when the fire will be put out and by whom, the price of the property will have changed considerably.
      As for the entire financial sector being a total write-off in all parts of the world, that is just rubbish (act on that misperception at your own financial peril).
      The topic at hand is whether there are some preferred shares in the financial sector (in the U.S. and more globally) which really are undervalued at this time, and might be the result of irrational dysphoria.
      Let's not close down the conversation -- does anyone see some specific opportunities worth following up?
      View article »
    • Mon Jul 14th 18:45 PM | Rating: 0 0
      Commented on:
      Preferred Stocks Get Crushed
      There was a Morningstar alert today on RBS.PR.S, a Royal Bank of Scotland preferred, selling at double the normal volume today and down from a 52 week high of 26 to a low of 14 with a dividend rate of 6.6% on the issue price of 25.
      The bank has been in business for almost 300 years and nothing thus far to indicate that capital is below regulatory requirements or distributable profits will not cover obligations.
      Leaving the issue of common equity aside, there may be some solid acquisitions to be made in preferred shares of financials.
      Not saying that RBS is one of them, but I did trade my common stocks for their preferreds today (both heavily down).
      View article »
    • Wed Jul 2nd 12:55 PM | Rating: 0 0
      Commented on:
      Citigroup Analyst: More Volatility Ahead for U.S. Equities
      Selling banks or sector indexes thereof after they have declined 50% or 60% may not turn out to be a good idea looking back five years from now. Dividends may not decline to zero though stock dilution will be a problem.
      May not even be a good idea for those who bought at recent lows to bail out if they knew what they were doing.
      At best, there will be a long slide sideways in the medium term but that might not be a factor for alarm with a well diversified portfolio.















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