Vox Rationalis

My Portfolio Moves and Market Outlook

"# I traded out of the Chesapeake Energy common (CHK) and into the preferred D shares [CHK-PD]... You can find specific details on CHK’s various convertible securities here but these preferreds are mandatory convertible after Sep 2010 when CHK sustains a share price over $44 and are yielding over 7% currently."

Not exactly. The company has the option to convert these to common at a conversion price of $44.15 after 9/15/10 if the common's closing price exceeds 130% of the conversion price for 20 consecutive days.

And CHK-D now yields 10.3%, as it's down 25% since this acticle was written.

US Economy Still Has a Ways to Go

Nova also wrote: "Even American agriculture is in trouble."

Wait a second, your whole post was in jest, right? You're not actually serious about this assertion, are you?

US Economy Still Has a Ways to Go

Nova wrote: "Clinton and GW Bush killed US industrial base. Just look at auto, high-tech, appliances, electronics, etc.,"

Take a few minutes to actually look into this. You'll find that you're wildly off-base. In fact, manufacturing output grew twice as fast during the 1992-2005 period as it did during the 1979-1992 period. Since 1992, motor vehicles and parts production has increased by two-thirds (roughly twice that of GDP growth), and computers and electronics manufacturing have increased something more than 1500%. As for appliances, well, I don't know. But why should they be assembled here instead of in Mexico?

At least, that's a quick and dirty early in the morning take on it.

Yahoo: Disband Quietly - Fast Money Recap (6/12/08)

Regarding Lehman: if Callan did in fact have the company in the market diminishing its capital through stock repurchasing in the $33 range, she deserved to be dismissed. Is she was just "carrying water" for the honchos, then she wasn't really a CFO anyway, and needed to be dismissed.