po'd in Plano

15 Comments

    • Morgan Stanley Appears a Little Too Desperate for Cash [view article]
      My comment was specific to the Repo transaction with the Reserve Fund. Based on what I know about repo markets, it appeared the Reserrve Fund invested cash into a collateralized REPO with Morgan Stanley. nothing more than that.

      I do agree MS has it's problems, and remains to be seen what will happen to them. I just happen to think they aren't the only one facing restricted credit and reduced short-term funding alternatives.       Oct 09 09:03 PM
    • Morgan Stanley Appears a Little Too Desperate for Cash [view article]
      more detail on the Repo arrangement...direct from the pro-sup on the Reserve funds website:

      Repurchase Agreements. Each of the Funds may invest in repurchase agreements but will limit them to those banks and securities dealers who are deemed creditworthy
      pursuant to guidelines adopted by the Trustees. The U.S. Treasury Fund will further limit its investment in repurchase agreements to 5% of its total net assets, except for temporary or emergency purposes, and to those whose underlying obligations are backed by the full faith and credit of the United States. Securities subject to repurchase agreements will be segregated and will be monitored to ensure that the
      market value of the securities plus any accrued interest will at least equal the repurchase price.

      Oct 08 08:43 PM
    • Morgan Stanley Appears a Little Too Desperate for Cash [view article]
      If you know anything about REPO, you would not be shocked. Seriously, please do a little more research. Maybe pull up a Bloomberg screen to see where overnight or weekly repo is being quoted, then chart it for the last 14 business days. Lending markets are TIGHT.

      MS leverage ratio is scheduled to come down, and their balance sheet is down to $900 billion from $ 987 billion at 8/31. MS leverage ratio, pro-forma after the Mitsu-UFJ deal, is expected to dip near 20.       Oct 08 08:20 PM
    • When Hedgies Attack: Morgan Stanley Drops 40% on Rumors [view article]
      I appreciate the comments here. Highly informative and detailed...and not the mindless drivel that has, on occasion, shown up as "news" Oct 08 08:16 PM
    • When Hedgies Attack: Morgan Stanley Drops 40% on Rumors [view article]
      Yes, let's see how wonderful life is without Morgan Stanley to kick around. There'll be nothing left but bulge firms and specialists without balance sheet...what are "conservative&quo... fixed income institutional funds going to do?

      I don't understand how a company like SLM, for example, or even CIT for another, aren't in the same boat. Seriously. They are all in the same friggin boat. They are dependent on short-term credit and funding sources not always of their first choosing.       Oct 07 09:15 PM
    • Wachovia Dumps Citigroup, Merges with Wells Fargo [view article]
      FDIC is talking out both sides of their mouth here. Citigroup was getting a deal out of the Jamie Dimon playbook. Obviously Wells wasn't stopped from continuing to look over Wachovia's books. FDIC has got some 'splaining to do

      Anyone really think Citigroup is in a position of strength? The company is a mess...Vikram P. needs time to get THEIR act together first. Unless, the FDIC just wants to hand "C" $400 billion in deposits at a low premium. It's smelly       Oct 05 11:41 AM
    • My Proposal for Improving Lending Between Banks [view article]
      stupid plan...you mention nothing about capital levels. Plus, the risk of default as priced into the CDS markets is wildly variant (BAC & JPM at mid-150...NCC who knows where). the FDIC is already on the hook for any "bad bank" outcomes anyway. Workable...or maybe too clever by half Sep 29 09:33 PM
    • Citi in Talks With Wachovia as $700B Bailout Plan Moves Forward [view article]
      Is it possible...after what's transpired what else is required for convincing evidence? WB trades down tomorrow, maybe higher with market on any bailout. WB needs to get bought,,,any buyer (C, WFC) is not paying north of $10 / common. I think a slim chance WB can continue on it's own, but it would highly difficult. Sep 28 11:50 PM
    • Lehman: The End Game [view article]
      This is a fluid situation...and I wish the talking heads would keep their cool a little more and not to rush expound on every frickin' headline that comes over. And, bring folks on that will provide solutions to these problems...we are moving ever deeper into uncharted waters. And now the FED/Treasury has nearly run out of those bullets.

      SEC should reinstitute the uptick rule...nothing to stop shorts from going after Citigroup or some other troubled company next       Sep 14 09:35 PM
    • Cowen Sees Upside for Sirius [view article]
      turn on your IBM-compatible PC running Intel chips w/ MS Office software...there's your monopoly.

      SIRI/XM will only become a monopoly for radio listening if people choose to refrain from all the following alternatives: Ipods/Itunes, terrestrial radio (which is free), web-based services like Pandora and Live365. That's just naming a few competitive options.

      A merged SIRI/XM will just be the big fish in a small pond       May 21 06:59 PM
    • Sirius, XM: FCC Determined to Establish Its Authority [view article]
      Well if Cramerica is right the rest of us must be wrong - or can we? I trust JimC as fer as I can toss the clean-slate head of his. Cramer also thought Bear Stearns should be alright...not so much.

      Our wonderful govvys at work. Protect us from the big bad satellite company! I don't want the service but they forced the money out ! good grief..I am surprised their is not a HUGE outpouring of grief to the FCC from the larger institutional holders here.       May 15 07:18 PM
    • Sirius, XM: Price Targets and Expectations [view article]
      It's odd, a simple comparison of market caps in the space shows some big-time players: CBS has a market cap north of $10 billion, Clear Channel also a market cap north of $10 billion (and they just went private in a heated LBO transaction).

      SIRI and XM combined have ~ $8 billion market cap. Rupert Mudoch can own ~ any dang thing he desires to have but Mel you just have to wait.       May 15 08:12 AM
    • Sirius, XM: Price Targets and Expectations [view article]
      Thanks for the article referral, I will definitely check it out. If/when/whether the FCC finally makes the merger a go, my educated guess on the resultant entity trading under a single ticker is within 60-90 days. Reg filings, etc. so probably looking at one final quarter of reporting for both companies May 14 09:48 PM
    • Sirius, XM: Price Targets and Expectations [view article]
      Can anyone please enlighten me as to why / how a 3rd party like the investment shop Georgetown PArtners is provided an audience with the FCC's finest for numerous visits YTD? I understand if this entity is voicing concerns regards the ultimate company, but who are they are demanding a 20% cut-out for minority-focused programs? Shouldn't Georgetown own a substantial share of Siruis or XM to make such a claim?

      This is beyond me...they don't show on the screens as institutional holder of SIRI. Last I checked both companies are for-profit entities, not some masqurade of an NPR outfit.       May 14 07:35 PM
    • Georgetown Partners Records 23 Meetings with FCC on Radio Meger [view article]
      The delay in his merger approval smacks of double-dealing and bass ackwards capitalism. Someone could probably tell me, but I doubt the following mergers received such a lengthy "debate" by the FCC: Time-Warner & AOL, Exxon & Mobil, Texaco & Chevron. Repeat after me FCC commissioners: 2 money-losing companies do not = 1 great monolith that can inflate prices as they deem fit. Both reported earnings today, guess what? SIRI lost money, but less than same period in 2007...woo-hoo!

      Karmazin has to be blindly furious...       May 12 08:58 PM
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»