prescient11's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/153064/comments http://seekingalpha.com/article/129417-wall-street-already-back-to-its-criminal-ways?source=feed#comment-452629 452629
You sound as if you believe that garbage. Read the reasons behind the sell rec again and then tell me what changes, let alone the dilution of 80-90 MILLION shares. Are you kidding me? And they pay back the revolver with that????

Guess what slugger, GGP did the exact same thing and paid back their revolver. Stock will eventually be worthless. Awesome. But KIM can pop 30% on BS, nothing news. Wonderful.

Full disclosure: I'm underwater on SRS by about 8 points. At least I have the decency to give you my bias. These bastards should be prosecuted for this absolute nonsense. This country is run and dominated by thieves and liars. SPG above $40 is laughable, IYR should be trading around $15 and it will eventually. IYR will be the next XLF.]]> Sun, 05 Apr 2009 16:46:55 -0400
You sound as if you believe that garbage. Read the reasons behind the sell rec again and then tell me what changes, let alone the dilution of 80-90 MILLION shares. Are you kidding me? And they pay back the revolver with that????

Guess what slugger, GGP did the exact same thing and paid back their revolver. Stock will eventually be worthless. Awesome. But KIM can pop 30% on BS, nothing news. Wonderful.

Full disclosure: I'm underwater on SRS by about 8 points. At least I have the decency to give you my bias. These bastards should be prosecuted for this absolute nonsense. This country is run and dominated by thieves and liars. SPG above $40 is laughable, IYR should be trading around $15 and it will eventually. IYR will be the next XLF.]]> http://seekingalpha.com/article/108271-as-bank-industry-analysts-lose-jobs-serious-blogs-take-the-forefront?source=feed#comment-322268 322268 Fri, 05 Dec 2008 23:52:03 -0500 http://seekingalpha.com/article/108271-as-bank-industry-analysts-lose-jobs-serious-blogs-take-the-forefront?source=feed#comment-316264 316264
For those who don't know Reggie he's the best around, GGP is his crown jewel. He also called HIG and the other insurers and the downfall of the IBs. His analysis is the best. I shouldn't have closed my short on GGP in the $20s, and you shouldn't have closed it in the teens,wow!

Congrats on all the success man, you've earned it. ]]> Thu, 27 Nov 2008 11:47:09 -0500
For those who don't know Reggie he's the best around, GGP is his crown jewel. He also called HIG and the other insurers and the downfall of the IBs. His analysis is the best. I shouldn't have closed my short on GGP in the $20s, and you shouldn't have closed it in the teens,wow!

Congrats on all the success man, you've earned it. ]]> http://seekingalpha.com/article/106134-are-consumers-satisfied-with-online-banking?source=feed#comment-307522 307522 Sun, 16 Nov 2008 20:45:34 -0500 http://seekingalpha.com/article/105840-citi-s-desperate-straits?source=feed#comment-305015 305015
Of course, I hope the sarcasm comes through clear enough as there is no analysis in this piece. Why do you write such tripe?]]> Thu, 13 Nov 2008 09:43:34 -0500
Of course, I hope the sarcasm comes through clear enough as there is no analysis in this piece. Why do you write such tripe?]]> http://seekingalpha.com/article/103423-the-trouble-with-rescues-and-stimulus?source=feed#comment-296736 296736 Sun, 02 Nov 2008 21:11:12 -0500 http://seekingalpha.com/article/101059-bigger-is-not-better-in-banking?source=feed#comment-290361 290361 Sat, 25 Oct 2008 15:42:11 -0400 http://seekingalpha.com/article/100249-bear-market-hunting-for-value?source=feed#comment-284199 284199 Thu, 16 Oct 2008 23:14:08 -0400 http://seekingalpha.com/article/99614-an-ameritrade-e-trade-merger-not-as-crazy-as-it-sounds?source=feed#comment-282594 282594
I mean, would you rather pay taxes or use that money to acquire a competitor and offset losses.

How can any fool think that $4-5 would be reasonable. Aside from all the conspiracy theorists that post here and elsewhere, ANSWER THAT QUESTION OR JUST SHUT UP.

If I can hear one reasonable answer to that point, then they would have a point. If not, they are just liars.

The TARP program gives a potential acquirer a loss-free (due to tax credits), debt-free (Etrade has free cash to pay down all debts just about) brokerage.

So, what is a debt-free, loss-free, perfectly healthy Etrade worth? $4-5/share. I think not.]]> Tue, 14 Oct 2008 23:30:36 -0400
I mean, would you rather pay taxes or use that money to acquire a competitor and offset losses.

How can any fool think that $4-5 would be reasonable. Aside from all the conspiracy theorists that post here and elsewhere, ANSWER THAT QUESTION OR JUST SHUT UP.

If I can hear one reasonable answer to that point, then they would have a point. If not, they are just liars.

The TARP program gives a potential acquirer a loss-free (due to tax credits), debt-free (Etrade has free cash to pay down all debts just about) brokerage.

So, what is a debt-free, loss-free, perfectly healthy Etrade worth? $4-5/share. I think not.]]> http://seekingalpha.com/article/99742-the-weakness-of-the-treasury-s-new-bailout-plan?source=feed#comment-281819 281819
Listen, despite your constant cabal-like effort to communicate "concerns" about everything, this is the government giving you a big middle finger, saying, listen skippy, we, the Euros, everyone is backing our banks and that's it. So move along Felix, just move along man. You've been out of your league for some time.

The financial system will not fall, it appears, based on these broad guarantees, and I think the governments of the first-world nations should be applauded for their efforts in this regard. Let's just hope the lesson has been learned and once the bleeding is stopped they fix the disease.]]> Tue, 14 Oct 2008 00:03:48 -0400
Listen, despite your constant cabal-like effort to communicate "concerns" about everything, this is the government giving you a big middle finger, saying, listen skippy, we, the Euros, everyone is backing our banks and that's it. So move along Felix, just move along man. You've been out of your league for some time.

The financial system will not fall, it appears, based on these broad guarantees, and I think the governments of the first-world nations should be applauded for their efforts in this regard. Let's just hope the lesson has been learned and once the bleeding is stopped they fix the disease.]]> http://seekingalpha.com/article/99614-an-ameritrade-e-trade-merger-not-as-crazy-as-it-sounds?source=feed#comment-281238 281238
So they can acquire Etrade without worrying about mortgage losses. Further, Etrade has enough cash on hand at the bank $1.8B and at the parent $700M to pay off almost ALL OF THEIR DEBT.

So do the analysis, what is a debt free, no loss Etrade worth? It's got to be near $15 at a minimum. If AMTD could pull it off near $10 it would be a tremendous steal.

Then they might have a platform that runs without crashing all the damn time.]]> Mon, 13 Oct 2008 10:25:20 -0400
So they can acquire Etrade without worrying about mortgage losses. Further, Etrade has enough cash on hand at the bank $1.8B and at the parent $700M to pay off almost ALL OF THEIR DEBT.

So do the analysis, what is a debt free, no loss Etrade worth? It's got to be near $15 at a minimum. If AMTD could pull it off near $10 it would be a tremendous steal.

Then they might have a platform that runs without crashing all the damn time.]]> http://seekingalpha.com/article/99614-an-ameritrade-e-trade-merger-not-as-crazy-as-it-sounds?source=feed#comment-281225 281225
No, about $8-10 might do it, but $4-5 would not get it done. You are aware that Etrade's CEO, Donald Layton, spent $1M of his own money to buy Etrade shares at $4.07.

The merger makes sense, but at $4-5 it makes no sense.]]> Mon, 13 Oct 2008 10:08:39 -0400
No, about $8-10 might do it, but $4-5 would not get it done. You are aware that Etrade's CEO, Donald Layton, spent $1M of his own money to buy Etrade shares at $4.07.

The merger makes sense, but at $4-5 it makes no sense.]]> http://seekingalpha.com/article/99146-the-last-days-of-morgan-stanley?source=feed#comment-278400 278400 Thu, 09 Oct 2008 22:18:36 -0400 http://seekingalpha.com/article/98622-ggp-suspends-dividend-in-attempt-to-address-liquidity-concerns?source=feed#comment-274802 274802 Mon, 06 Oct 2008 12:27:06 -0400 http://seekingalpha.com/article/98093-hank-paulson-smartest-man-in-the-room?source=feed#comment-271156 271156
Yes, all you are geniuses and Paulson knows nothing. The author may be a little too much in favor of Hank, but it's clear that Paulson has some plan. A lot better than what I've heard from the uber-bears. Most of which I see post again and again on these articles with nothing ever to say.]]> Wed, 01 Oct 2008 23:50:53 -0400
Yes, all you are geniuses and Paulson knows nothing. The author may be a little too much in favor of Hank, but it's clear that Paulson has some plan. A lot better than what I've heard from the uber-bears. Most of which I see post again and again on these articles with nothing ever to say.]]> http://seekingalpha.com/article/97717-did-the-fdic-sabotage-wamu-s-management-and-erode-investor-confidence?source=feed#comment-267756 267756 Sun, 28 Sep 2008 16:17:17 -0400 http://seekingalpha.com/article/97583-worrying-about-large-deposit-bank-runs?source=feed#comment-266441 266441 Fri, 26 Sep 2008 18:05:07 -0400 http://seekingalpha.com/article/95755-credit-default-swaps-the-show-isn-t-over?source=feed#comment-256173 256173
An index is not the be all end all, and at many times can reflect trader's irrationalities as well. Something to monitor and be aware of, but not the true measure by any means.]]> Tue, 16 Sep 2008 15:18:45 -0400
An index is not the be all end all, and at many times can reflect trader's irrationalities as well. Something to monitor and be aware of, but not the true measure by any means.]]> http://seekingalpha.com/article/95770-liquidity-or-solvency-sometimes-it-s-hard-to-tell?source=feed#comment-256162 256162 Tue, 16 Sep 2008 15:08:51 -0400 http://seekingalpha.com/article/95299-lehman-is-toxic-at-any-price?source=feed#comment-253784 253784 Sun, 14 Sep 2008 04:34:30 -0400 http://seekingalpha.com/article/95256-aig-the-mark-to-lehman-market?source=feed#comment-253595 253595
Do not be one.]]> Sat, 13 Sep 2008 16:47:12 -0400
Do not be one.]]> http://seekingalpha.com/article/95261-down-with-rating-agencies-plus-lehman-for-laymen?source=feed#comment-253490 253490 Sat, 13 Sep 2008 13:45:19 -0400 http://seekingalpha.com/article/95256-aig-the-mark-to-lehman-market?source=feed#comment-253477 253477
Now, we can argue about the merits of whether they should have raised capital when their share price was higher, but that really puts the cart before the horse, doesn't it. In other words, I find it ridiculous that if LEH has adequate capital levels, that it should be forced to dilute shareholders at $20/share to raise ADDITIONAL capital so that the "market" will feel comfortable with its business. You do see the vicious cycle that is happening here, don't you.

Banking is about trust. Assume LEH has adequate capital at $20/share, thus no need to dilute shareholders at this price or raise additional capital. Then, "rumors" about LEH's assets and losses start to percolate on the street. Hedgies with enormous assets and the ability to leverage ridiculous pressure, drive the share price down, scaring all of the investors and LEH's customers/counterparti... that perhaps LEH isn't stable. Thus, funds are removed from LEH even though they had sufficient capital, and now LEH's share price is at such a ridiculously low level and unstable that no one wants to invest. Thus, their capital continues to bleed as a result of this, and problems occur. How about that Felix, why don't any of you uber-bears ever address that frigging point.

It's so frigging obvious it's ridiculous. Look at the action in the bonds and the CDSs, to the extent one can. After BSC no fool is going to be as transparent as buying crazy out of the money put options. But I bet the real play is in the bond and CDS market. If one restored the uptick rule and banned naked shorting out right FOR ALL COMPANIES then this would cease. Cramer is absolutely right here.

And where is the damn SEC, the damn OTS, the damn Fed, the damn Treasury, our FRIGGING OFFICIALS PAID TO STOP THIS. They fiddle while Rome burns and these companies' debts are forced upon the taxpayer. My own conspiracy theory is that they want this forced consolidation of financial companies. For what purpose, who knows. But I find the fact that nothing is done about these obvious manipulations to be absurd. Naked shorting is already illegal, why has it not been stopped?

Of course, LEH must bear a bit of the blame. In this environment, diluting shareholders at $20 is much better than a forced sale at $2, given that what happens above is obvious and will continue to happen until "the Street manipulators" are satisfied. Until then, the carnage will continue. But the wealth destruction we are witnessing, and subsequent taxpayer burdens, without any intervention by regulators, is ridiculous.

As goes the famous saying, "when they came for me, there was no one left to stand to object..." True words indeed.]]> Sat, 13 Sep 2008 13:19:00 -0400
Now, we can argue about the merits of whether they should have raised capital when their share price was higher, but that really puts the cart before the horse, doesn't it. In other words, I find it ridiculous that if LEH has adequate capital levels, that it should be forced to dilute shareholders at $20/share to raise ADDITIONAL capital so that the "market" will feel comfortable with its business. You do see the vicious cycle that is happening here, don't you.

Banking is about trust. Assume LEH has adequate capital at $20/share, thus no need to dilute shareholders at this price or raise additional capital. Then, "rumors" about LEH's assets and losses start to percolate on the street. Hedgies with enormous assets and the ability to leverage ridiculous pressure, drive the share price down, scaring all of the investors and LEH's customers/counterparti... that perhaps LEH isn't stable. Thus, funds are removed from LEH even though they had sufficient capital, and now LEH's share price is at such a ridiculously low level and unstable that no one wants to invest. Thus, their capital continues to bleed as a result of this, and problems occur. How about that Felix, why don't any of you uber-bears ever address that frigging point.

It's so frigging obvious it's ridiculous. Look at the action in the bonds and the CDSs, to the extent one can. After BSC no fool is going to be as transparent as buying crazy out of the money put options. But I bet the real play is in the bond and CDS market. If one restored the uptick rule and banned naked shorting out right FOR ALL COMPANIES then this would cease. Cramer is absolutely right here.

And where is the damn SEC, the damn OTS, the damn Fed, the damn Treasury, our FRIGGING OFFICIALS PAID TO STOP THIS. They fiddle while Rome burns and these companies' debts are forced upon the taxpayer. My own conspiracy theory is that they want this forced consolidation of financial companies. For what purpose, who knows. But I find the fact that nothing is done about these obvious manipulations to be absurd. Naked shorting is already illegal, why has it not been stopped?

Of course, LEH must bear a bit of the blame. In this environment, diluting shareholders at $20 is much better than a forced sale at $2, given that what happens above is obvious and will continue to happen until "the Street manipulators" are satisfied. Until then, the carnage will continue. But the wealth destruction we are witnessing, and subsequent taxpayer burdens, without any intervention by regulators, is ridiculous.

As goes the famous saying, "when they came for me, there was no one left to stand to object..." True words indeed.]]> http://seekingalpha.com/article/95211-debating-the-lehman-collapse?source=feed#comment-252819 252819
However, LEH should know better and have become much more transparent about its situation, and they should have done so 2Q. Which is why MER might be a good bet to pick up on these drives down - I haven't studied it but at least they appear to try and deal with these issues.

At the heart of this though, DEAR JOHN THAIN is exactly right. And further, this whole mark to market fiasco needs to stop. If your neighbor's house goes into foreclosure and sells for $10,000, does that mean your previously $300,000 house is worth $10,000.

But we have leaderless government that does nothing proactive other than goofy "bailouts" rather than getting to the heart of the matter. Ever wonder why? They want consolidation, they want more control over the matters, and if bankers weren't so damn stupid, now they're going to have Uncle Sam in their business for years to come.

Short selling abuses - illegal naked shorting - was supposed to be stopped in July. It is now September and it is occurring by every sheeple hedge fund with an "idea" to throw around. ]]> Fri, 12 Sep 2008 12:37:27 -0400
However, LEH should know better and have become much more transparent about its situation, and they should have done so 2Q. Which is why MER might be a good bet to pick up on these drives down - I haven't studied it but at least they appear to try and deal with these issues.

At the heart of this though, DEAR JOHN THAIN is exactly right. And further, this whole mark to market fiasco needs to stop. If your neighbor's house goes into foreclosure and sells for $10,000, does that mean your previously $300,000 house is worth $10,000.

But we have leaderless government that does nothing proactive other than goofy "bailouts" rather than getting to the heart of the matter. Ever wonder why? They want consolidation, they want more control over the matters, and if bankers weren't so damn stupid, now they're going to have Uncle Sam in their business for years to come.

Short selling abuses - illegal naked shorting - was supposed to be stopped in July. It is now September and it is occurring by every sheeple hedge fund with an "idea" to throw around. ]]> http://seekingalpha.com/article/95187-lehman-won-t-be-the-last-major-bank-failure?source=feed#comment-252428 252428 Fri, 12 Sep 2008 08:01:04 -0400 http://seekingalpha.com/article/95083-could-lehman-s-failure-cause-a-systemic-meltdown?source=feed#comment-252088 252088
Think about that for a second, the exposures are so great that it would bring down GS.

If you think the government is going to allow that to happen, think again. However, equity holders will likely be wiped out since the Fed./Treasury is rumored to be involved. Sad case.]]> Thu, 11 Sep 2008 18:03:44 -0400
Think about that for a second, the exposures are so great that it would bring down GS.

If you think the government is going to allow that to happen, think again. However, equity holders will likely be wiped out since the Fed./Treasury is rumored to be involved. Sad case.]]> http://seekingalpha.com/article/94874-time-to-bail-out-wamu?source=feed#comment-250688 250688 Wed, 10 Sep 2008 13:40:10 -0400 http://seekingalpha.com/article/94318-paulson-rolls-the-dice-at-taxpayer-expense?source=feed#comment-247919 247919
great comment.]]> Sun, 07 Sep 2008 23:02:03 -0400
great comment.]]> http://seekingalpha.com/article/94318-paulson-rolls-the-dice-at-taxpayer-expense?source=feed#comment-247730 247730
You know this is a good deal for the markets when this clown is upset about it. ]]> Sun, 07 Sep 2008 17:08:29 -0400
You know this is a good deal for the markets when this clown is upset about it. ]]> http://seekingalpha.com/article/94317-gses-into-conservatorship-can-housing-stabilize-now?source=feed#comment-247723 247723
What a stupid comment. Government backed is risk-free. You'll see mortgage rates drop now. Watch it happen. Paulson may be a lot of things but he's no dummy and this is all planned.]]> Sun, 07 Sep 2008 16:59:52 -0400
What a stupid comment. Government backed is risk-free. You'll see mortgage rates drop now. Watch it happen. Paulson may be a lot of things but he's no dummy and this is all planned.]]>