Dulcinea

19 Comments

    • Don't Count on a Fast Turnaround for Thornburg Mortgage [view article]
      YEAH!!!!!!!

      Thornburg Mortgage Shareholders Approve Proposals to Increase Authorized Stock and Amend Terms of Existing Preferred Stock upon Successful Completion of Tender Offer, Three Class II Directors Also Elected       Jun 12 04:51 PM
    • Don't Count on a Fast Turnaround for Thornburg Mortgage [view article]
      I think Thornburg hung on as long as they could. They tried to hold out for a better deal, but it just didn't happen. I don't think it is going to get any better than what they have now. They are up against too much. They need somebody with the muscle and deep pockets of MatlinPatterson to throw them a lifeline. With all the big investment banks and brokerage firms writing of billions of dollars of bad debt, how can Thornburg possibly get a better deal. I honestly think they are blessed that MatlinPatterson thought they were worth anything at all. Wish it could have turned out better... might as well go with the flow. Just my two cents worth :) May 28 05:12 PM
    • General Discussion on TMA
      I think Thornburg hung on as long as they could. They tried to hold out for a better deal, but it just didn't happen. I don't think it is going to get any better than what they have now. They are up against too much. They need somebody with the muscle and deep pockets of MatlinPatterson to throw them a lifeline. With all the big investment banks and brokerage firms writing of billions of dollars of bad debt, how can Thornburg possibly get a better deal. I honestly think they are blessed that MatlinPatterson thought they were worth anything at all. Wish it could have turned out better... might as well go with the flow. Just my two cents worth :) May 28 05:10 PM
    • Don't Count on a Fast Turnaround for Thornburg Mortgage [view article]
      Dulcinea Replies:
      Oh PLEASE, if you vote NO, it means a sure and sudden death for the company!!! IF you would do your research on MatlinPatterson, you would learn that they intend to bail Thornburg Mortgage out, and TURN THE COMPANY AROUND! Seriously, why else would they put SO MUCH ON THE LINE HERE??? Come on people, use your common sense. Voting YES is the only salvation for the company. If you really care, don't become vindictive. Instead, attend the shareholder meeting on June 12th. I intend to go, and I intend to VOTE YES simply because it is the only chance shareholders have of surviving this. I encourage you to think about it. TMA is a great company, and they deserve a chance to make a comeback. Don't deprive them of this opportunity. Give them the benefit of your YES VOTE!!!       May 14 07:37 PM
    • Don't Count on a Fast Turnaround for Thornburg Mortgage [view article]



      On May 12 05:23 PM JohnW. wrote:

      > I voted NO on the proxy vote where the management wanted to dilute
      > the ownership of current share holders by giving away shares valued
      > at 1 penny per share to lenders agreeing to beef up the balance sheet.
      > Just too dilutative as far as I am concerned. This process dilutes
      > our ownership to where we only own 10% of what we owner previously.
      > We will never get our money back. I encourage everyone to VOTE NO

      Dulcinea Replies:
      Oh PLEASE, if you vote NO, it means a sure and sudden death for the company!!! IF you would do your research on MatlinPatterson, you would learn that they intend to bail Thornburg Mortgage out, and TURN THE COMPANY AROUND! Seriously, why else would they put SO MUCH ON THE LINE HERE??? Come on people, use your common sense. Voting YES is the only salvation for the company. If you really care, don't get mad. Instead, attend the shareholder meeting on June 12th. I intend to go, and I intend to VOTE YES simply because it is the only chance shareholders have of surviving this. I encourage you to think about it. TMA is a great company, and they deserve a chance to make a comeback. Don't deprive them of this opportunity. Give them the benefit of your YES VOTE!!!       May 14 07:35 PM
    • Don't Count on a Fast Turnaround for Thornburg Mortgage [view article]



      On Apr 24 07:43 AM jjason wrote:

      > Bloggers,
      >
      > Please take your politics to some other website. Also, some of you
      > need to do a better job in expressing your thoughts in English.
      >

      Dulcinea Replies:

      JUST A SUGGESTION...
      PERHAPS IF SOMEONE WOULD SUBMIT A FACTUALLY DECENT AND INTELLECTUALLY STIMULATING ARTICLE IN REGARD TO INVESTORS' INTERESTS IN THORNBURG MORTGAGE AS WELL AS AN ARTICLE WORTHY OF RESPONSE BY INTELLIGENT, ARTICULATE BLOGGERS, THEN PERHAPS THE RESPONSE REALIZED MIGHT ACTUALLY BE A TRULY INTELLECTUAL AND EDIFYING DISCUSSION BOARD WHEREBY PARTIES INTERESTED IN SAID TOPIC WOULD BE DRAWN TO PARTICIPATE!       Apr 24 01:11 PM
    • Don't Count on a Fast Turnaround for Thornburg Mortgage [view article]
      Okay, imagine this scenario… whomever we elect for president must be on probation for one (1) year after which the voters determine whether he/she should stay in office. If the vote is yes, the candidate then becomes president for a term of six (6) years. On the contrary, if the vote is no, the candidate must step down, and the opposing candidate becomes president under the same probationary period, until the office of president is filled by someone who has successfully served presidential probationary period. Apr 22 08:16 PM
    • General Discussion on TMA
      Okay, imagine this scenario… whoever we elect for president must be on probation for one (1) year after which the voters determine whether he/she should stay in office. If the vote is yes, the candidate then becomes president for a term of six (6) years. On the contrary, if the vote is no, the candidate must step down, and their opposing candidate becomes president under the same probationary period, until a new president successfully serves probation. Apr 22 08:12 PM
    • Why I am Selling Thornburg Mortgage [view article]
      Yep, we may all get lucky yet... wouldn't that be a hoot? :)


      On Apr 16 03:33 PM Thrown to the Wolves wrote:

      > Dulcinea,
      >
      > Now that you mention it, I do recall that there was a pending class
      > action suit in process of which some of my shares fall into. I don't
      > recall the specifics of the issues or what federal laws were involved.
      >
      >
      > Thanks for reminding me. I had forgotten about it.       Apr 16 03:57 PM
    • Why I am Selling Thornburg Mortgage [view article]
      Wolves,

      You are aware that there are some five or so class action suits from last summer against TMA (I assume they are pending as I haven't heard otherwise). The class action is on behalf of all persons who purchased TMA common stock between October 6, 2005 and August 17, 2007 inclusive to recover damages caused by defendants' violation of the federal securities laws.

      On Apr 15 04:52 PM Thrown to the Wolves wrote:

      > Dulcinea,

      > It's sad story but that's the way I see it. Like I said, I'm going
      > to hang around with my 3000 sad shares and hope for some legal redress
      > (in the form of a class action suit) that will probably never come,
      > but you never know what is lurking out there.
      >
      Apr 16 12:33 PM
    • Is Thornburg Mortgage Common Really Worth $3.88B? [view article]
      Hi Wolves:

      I am in the same boat as you, seriously. I would really like to see TMA rebound, and I hate that folks have lost confidence in them. That is not good. I am like you... I am holding on just in case. Don't you think, they would still be in the game if not for the bloomin "credit crisis"? The whole world seems to be set back by the "credit crisis". In that regard, I can't let myself get to terribly down on TMA. Through the years, I have realized some nice gains from TMA... it was fun while it lasted, and I am simply not ready for it to be over. I would like to see them make a real come back, and become a force to be reckoned with. Wouldn't you?


      On Apr 14 01:55 AM Thrown tothe Wolves wrote:

      > to User 174636
      >
      > The Answer to your question: "Why on earth would any competent shareholder
      > invested in TMA choose not to support the company in which he/she
      > has invested, especially when the only OTHER apparent choice is merely
      > a chance of slim to none?" is because Goldstone & Company has sold
      > out the share holders with a 16 to 1 stock dilution. They have sold
      > their soul to the new investors and thrown the commons overboard.
      >
      > I had 5000 shares, sold 2000 and still hold 3000 shares. I am holding
      > my 3000 shares because I have very little more to lose percentagewise
      > and I want to stay in the game in the event that there is any legal
      > hurdles ahead.
      > Last time I checked, a 16 to 1 stock dilution made without getting
      > the share holders approval is called stealing on a grand larceny
      > scale.
      >       Apr 14 07:19 PM
    • Thornburg's a Huge Bargain After Monday's Crash [view article]
      I understand your point. I believe the management of TMA is aware that they have to rebuild confidence as they have stated. That makes me feel better knowing they feel that way. I just think it would be a shame not to support them during what appears to be their darkest hour. Besides, what good does it do to beat a dead horse?

      As for accounting figures, they are only as good as the paper they written on. Books can be cooked, and there are many ways to present a financial statement... lots of angles to consider. That was all I meant when I asked "How reliable are all these figures/calculations being tossed around?"

      Thanks for all your hard work. I have read and re-read many of the accounting posts, and they are all well thought out and I am certain well intended. Thanks again for sharing!
      On Apr 13 02:25 AM PJ568 wrote:

      > Many would consider the accounting data to be more reliable than
      > anything management says at this time. The loss computation of 1.554
      > B is simple math with information derived from SEC filings made by
      > TMA.
      >
      > Why are those calculations necessary? The answer is that TMA has
      > remained silent (or generally vague) on the issue. They've displayed
      > more of a CYA legal attitude rather than a real concern with stockholders.
      >
      >
      > They've lost trust, feel misled and are more likely to be vindictive
      > rather than supportive towards management that today still uses spin
      > like "significant upside, based on todays value (1.20)". While that
      > is certainly true, it is also condescending as well, to those with
      > a much higher basis.
      >       Apr 14 07:11 PM
    • Why I am Selling Thornburg Mortgage [view article]
      Trims:

      Read your comment and loved it. Evidently, your prayers were answered. Please keep praying as we are too.


      On Apr 14 04:49 PM Trims wrote:

      > I purchased my shares, as I often do, at the time of insider buying,
      > and at their prices; then watched carefully for them to sell, which
      > they never did.
      >
      > I emailed the company when they began to get all the unprecedented
      > margin calls and told them that my family was praying for them to
      > get funding to avoid bkcy. I am not sure why they were targeted to
      > take a fall, when there are others in worse shape, but someday it
      > may all come out.
      >
      > Until then, I am with them all the way, and adding. We are retired
      > and need our dividends and money too, but the insiders are way worse
      > off than we are. I'm nieve enough to believe there are still good
      > people in the world, and justice will prevail.
      >
      > No need to blame our president or anyone else, does no good anyhow.
      > I will add when the chart turns up, and the sellers are done. <br/>
      >
      > Allow my thoughts on FBR...they are a horse of a different color.
      > How can a company be allowed to give upgrades/downgrades to other
      > companies when they can't properly manage their own. They are the
      > ones that should be ashamed.
      > Trims       Apr 14 07:00 PM
    • Is Thornburg Mortgage Common Really Worth $3.88B? [view article]
      MPR:
      Just a thought, but based on my experience with hurricanes, being in the eye is not always the best place to be. D       Apr 11 04:16 PM
    • Is Thornburg Mortgage Common Really Worth $3.88B? [view article]
      MPR:

      Wow, you really put a spin (pardon the pun) on my hurricane analogy. I llke the way you interpreted that. Yes, you sound somewhat like a Contrarian.

      I think you have presented a good topic of discussion for the weekenders. Perhaps someone will be along shortly to shed some interesting light on the subject of DILUTION/DILUSION/DELU... D       Apr 11 04:02 PM
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