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  • Retail Firms at Risk for Bankruptcy [View article]
    Oshkosh Corp (OSK) has not retail operations. It is a truck, military vehicle, and construction equipment manufacturer.
    Sep 29 10:53 am |Rating: +3 -1 |Link to Comment
  • Are We Bailing Out GMAC Bondholders? [View article]
    Sure Felix, let's make sure that no one ever wants to lend to GMAC again and have the Treasury expand and make all auto loans in this country.
    May 20 11:33 am |Rating: +4 -1 |Link to Comment
  • Is Buying Bonds Really a Good Idea? [View article]
    On Dec 31 10:36 AM Alex Filonov wrote:

    > Bond don't make sense when you can have 7-8% dividend investing in
    > great companies. Altria, ultimate recession proof company, pays 8.5%
    > dividend!

    That is about what the YTM would be on 10 yr Altria debt and the interest/principal payment is not discretionary like a dividend. A lot of good companies have had great dividend yields until they were cut.
    Dec 31 11:09 am |Rating: +2 0 |Link to Comment
  • Testing the TARP: PNC and NCC [View article]
    Each NCC share will be exchanged for 0.0392 PNC shares. This deal is subject to shareholder approval.
    Oct 24 15:28 pm |Rating: 0 0 |Link to Comment
  • CIT Group: Owens is Out; Is Peek Next? [View article]
    Owens seems like a growth guy and right now that is not what CIT is doing. They are shrinking the balance sheet.
    Oct 09 10:11 am |Rating: 0 0 |Link to Comment
  • The Broken State of Corporate Bonds [View article]
    The IG 10 is a Credit Default Swap index of investment grade names.
    Sep 23 20:03 pm |Rating: 0 0 |Link to Comment
  • Trying To Find a Buyer for WaMu [View article]
    Read the report from S&P on the downgrade. It is mostly positive and then they basically say "We don't want to yell fire in the theater, but FIRE FIRE FIRE FIRE FIRE!!!" That is insightful analysis. It was basically all based on stock price move. Every financial was down today so is every one going to be downgraded to junk tomorrow?
    Sep 17 21:59 pm |Rating: 0 0 |Link to Comment
  • Regional Bank Debt Buyers On Strike  [View article]
    Pimco is too big to make any return on company selection and since some banks may fail they underweight the sector. Pimco's strategy is instead to just to put on a large sector position and then have Bill Gross and El-Erian talk about how great it is. Keep buying Fannie and Freddie debt everyone.
    Aug 20 08:02 am |Rating: 0 0 |Link to Comment
  • Trusting the WSJ [View article]
    Murdoch purchased an existing enterprise with good journalists. WSJ still holds credibility until those journalists are replaced. How much credibility does someone have whose comments are 95% anti-Republican? Probably less than the WSJ with most people.

    Not reported in the WSJ, Lehman had some large bids out for their own bonds yesterday too. It doesn't mean they repurchased any debt cheaply but they may have. If only I knew some "people familiar with the situation."
    Jun 04 17:42 pm |Rating: 0 0 |Link to Comment
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