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Gordon Z

Gordon Z
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  • Easier mortgage standards on the way [View news story]
    Why would a bank trust the supposed "new policy" while Uncle Sam is milking the GSEs under conservatorship?

    Remove the GSEs from conservatorship and maybe the policy will be credible.
    Nov 29, 2014. 06:43 PM | 2 Likes Like |Link to Comment
  • Fannie Mae Privileged Info Could Threaten Financial Markets: Sweeney [View article]
    Sweeney's statement is nothing more or less than to exclude Tim Howard "with respect to his admission to the protective order".

    If this is really a constitutional matter, it will be appealed to a higher court.
    Oct 17, 2014. 12:50 PM | Likes Like |Link to Comment
  • Fannie Mae Legal Ruling Expedites Endgame [View article]
    lol, with that attitude the "Crown" would still govern "the colonies".
    Oct 6, 2014. 07:29 PM | Likes Like |Link to Comment
  • Kudos To Judge Lamberth: Bubkis Hedge Fund Claims Against Freddie/Fannie Get Heave-Ho [View article]
    A worthless corporation that has paid off the billions, with interest, that it was forced to borrow.
    Oct 4, 2014. 08:26 PM | 1 Like Like |Link to Comment
  • DryShips Looks Set To Improve After An Impressive Second Quarter [View article]
    It is just a matter of time before Economou dilutes DRYS equity via at-the-market sales. He just did so several times in the past, the latest just last fall, and will do so again. The key is selling your shares before he slaps shareholders in the face will more dilution.
    Aug 21, 2014. 07:38 PM | 2 Likes Like |Link to Comment
  • Note On Cheap iPhones [View article]
    makes sense
    Aug 6, 2014. 07:27 PM | 2 Likes Like |Link to Comment
  • Bank Of America's Cycle Of Addiction [View article]
    get real buddy

    The Treasury Department has illegally "swept" profits from Fannie Mae and Freddie Mac for the past two years. The courts will soon find Treasury did so in violation of the constitution.

    Both GSEs have paid back loans which may have been forced to take; now Treasury is making profit by the "sweeps" amendment. Be clear, the GSEs are in conservatorship, NOT receivership.

    Just be clear that the Treasury Department is not above the law either: this will play out in the court system shortly.

    This story is about trumped up charges. What is the "market cap" of the black-market drug trade worldwide? Hundreds of billions? Is there any financial institution in the world immune to it corruption?

    Just take a look at Afghanistan: troops have occupied that nation for over 10 years and the poppies yield record harvests and are exported for further processing. In and of itself, what is that market worth alone? Poppies growing right under the noses of the military for 10 years!

    Get real man.
    Jul 25, 2014. 07:31 PM | Likes Like |Link to Comment
  • Bank Of America's Cycle Of Addiction [View article]
    lol, it is like the Treasury Department is not filled with charlatans! It has been taking or "sweeping" profits/dividends from FNMA for over two years now! FNMA is in conservatorship, not receivership. Be clear about that. The courts are deciding whether those actions were constitutional!

    FNMA has paid back all that it was (forced?) to borrow and then some.

    And what is written here? A story of trumped up charges. What is the value of the entire illegal drug market anyway? Hundreds of billions world-wide. Who in their right mind does not think such a market "cap" has left any financial institution immune from corruption!

    Get real buddy. American troops have occupied Afghanistan for over 10 years and the poppies still reap record harvests and are exported as heroin.

    Jul 25, 2014. 07:19 PM | Likes Like |Link to Comment
  • Awilco Drilling Is Still The World's Most Undervalued Company [View article]
    It's capital appreciation and dividend yield has been remarkable. I'm waiting for a dip to buy more, but this month's capital appreciation is 6%!

    SMH, what is going on here?

    The only down side I see is that 1) my brokerage firm charges an extra $50, over/plus its regular fee to trade AWILCO, and 2) the dividends are not automatically reinvestment, as what I would like to happen.
    Jul 23, 2014. 02:19 PM | Likes Like |Link to Comment
  • Ocean Rig UDW - My View On The Q1 Earnings And New Fleet Analysis Update [View article]
    It owns 60% of ORIG
    Jun 8, 2014. 08:00 AM | Likes Like |Link to Comment
  • Ocean Rig UDW - My View On The Q1 Earnings And New Fleet Analysis Update [View article]
    "I have still to read something negative he did with ORIG?"

    Okay, let's look at this thing.

    Recently ORIG paid a dividend to its shareholders; also, for the first time since 2008 DRYS paid a dividend to its shareholders. That dividend was taken from his DRYS 60% ownership of ORIG.

    It is one of the few shareholder friendly things Economu has done for DRYS shareholders since its collapse in 2008. Since then Economou has diluted its stock and added gargantuan debt to DRYS balance sheet. The dividend paid to DRYS shareholders, if adjusted quarterly, amounts to 24% annual yield ... something like AWILCOs.

    Also, without any doubt at all, Economou got permission to pay that dividend from DRYS bond/debt holders. Ha ha, maybe they demanded it!

    That dividend payment came from ORIG of course.

    One is very hard pressed to separate ORIG from DRYS. If he or she owns one, he or she is very much affected by the other. It is probably best for the investor to own both -- or neither.

    The question is which, DRYS or ORIG, has the best outlook for capital appreciation for the next few years? Again, it is probably best for the investor to own both -- or neither.
    Jun 7, 2014. 10:15 AM | Likes Like |Link to Comment
  • Ocean Rig UDW - My View On The Q1 Earnings And New Fleet Analysis Update [View article]
    I was shocked about the recent dividend paid out to DRYS shareholders from ORIG.

    It can be seen from two perspectives: George is robbing Peter to pay Paul.

    Or.

    For once Ecomonou did a shareholder friendly action for the holders of DRYS, rather than dilute their equity as he has for the past six years.

    So as one can see it is difficult to separate DRYS from ORIG.

    George could have given the total sum of ORIG's dividends to its shareholders, or reinvest the same amount in ORIG's Capex.

    But he did what he did: siphoned 60% of the dividends to DRYS with its gargantuan debt and stock dilution. Surely DRYS bond/debt holders also approved of that decision. DRYS has not paid a dividend since its collapse in 2008.

    So from all of that, which company has the better outlook and growth prospects for the next few years?

    George turned the tables on me. The dividend paid to DRYS shareholders from ORIG amounts to something like a 20-24%/year dividend. A dividend similar to AWILCO, which I also have a small stake in.

    Can't separate ORIG from DRYS. Seems like if somebody owns one, he or she may as well own the other -- or have nothing to do with either one of them.
    Jun 7, 2014. 09:57 AM | Likes Like |Link to Comment
  • Ocean Rig UDW - My View On The Q1 Earnings And New Fleet Analysis Update [View article]
    The debt comment was in reference to DRYS/Economou, the 59% shareholder of ORIG.
    May 26, 2014. 12:20 PM | Likes Like |Link to Comment
  • Ocean Rig UDW - My View On The Q1 Earnings And New Fleet Analysis Update [View article]
    My biggest concerning is not about ORIG, but DRYS/Economou's hand in it. DRYS has an over 59% stake in it, and that is a big cause of return to me.

    DRYS is not shareholder friendly at all; so Economu and his cronies are a cause of concern. The company's debt is way over the top. In reference to DRYS, Economu seems more interested in diluting shareholders with the issuance of more shares than cutting costs or seeking other options/mergers.
    May 25, 2014. 11:03 AM | 1 Like Like |Link to Comment
  • FDA moves to regulate e-cigarettes [View news story]
    in other news today the sun will rise in the east and set in the west
    Apr 24, 2014. 05:28 AM | 5 Likes Like |Link to Comment
COMMENTS STATS
106 Comments
78 Likes