Robohogs

Unemployment as a Lagging Indicator: Not This Time

Nuts,

You are comparing apples and oranges here. Your explanation misses the main point between the unemployment rate and job losses (gains). The job loss figures come from a survey of employers while the unemployment rate comes from an employee survey. Last month, the job losses in the employee survey were much larger for one reason or another. I would point out the job losses in the employer survey look manipulated lower.

Jon

Fed Auction Futility

I have gotten to where I can tell when you have written a new article simply by the title. Get a life!

Is the Macdonald Dettwiler/Alliant Space Deal Dead?

Is this business part of the old Orbital by chance which is and has been a US corporation?

By the way, the first largescale US sellout to the UK was Tracor to BAE even before Sanders. Tracor had the Tomahawk targeting software algorithms plus some heads up displays, countermeasures, etc.

What Is Diversification Worth?

you can use the wisdom tree etfs to get the same impact as individual stocks with less company specific risk.

Jon

How to Recognize (and Hence Avoid) Financings of Last Resort

Any idea why TMA is trading near an all-time high market cap? It would seem stock should be under a buck by now.

Thornburg's a Huge Bargain After Monday's Crash

PJ,

Given the uncertainty about who the gains in the repo book will go to until the vote occurs and the pref tenders, my guess is they will continue to mark to market for the time being. Also the financing is only locked for one year and not for the term of the assets.

Jon

Haven't We Heard this Market Song Before?

The 8-K today lists pro forma book at 8 cents per share (and it had the wrong new share count - off by a million shares - too low). Figure is closer to 6 cents. These shares are massively over-priced.

Jon

Haven't We Heard this Market Song Before?

Where did you come from? The notes are not prepayable and if the shareholders vote no, they give up the rights to the collateral backing the Over-ride Agreement (somewhere near $7 billion of value less $5.8 billion of debt plus any upside from remarking the assets back up). That would take book value to close to zero and the 18% interest would skin the company alive. You do not know how to read debt deals, do you?

Jon