CM001's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/214246/comments http://seekingalpha.com/article/178543-obama-draws-a-blank-on-how-banks-really-work?source=feed#comment-814990 814990
Seriously! Knowing banking so well that his fund lost tons in what names? Between his fund investors and the citizens, citizen's got better deal.]]> Sun, 20 Dec 2009 17:42:40 -0500
Seriously! Knowing banking so well that his fund lost tons in what names? Between his fund investors and the citizens, citizen's got better deal.]]> http://seekingalpha.com/article/154273-market-leader-for-real-estate-profits?source=feed#comment-619119 619119 Fri, 07 Aug 2009 00:25:42 -0400 http://seekingalpha.com/article/150508-housing-ingredients-for-recovery?source=feed#comment-600268 600268 Thu, 23 Jul 2009 20:06:24 -0400 http://seekingalpha.com/article/145675-kb-homes-frozen-on-the-bridge?source=feed#comment-564961 564961
The way I see is, the backlog numbers improved from 1Q to 2Q. That's all they are saying and I believe your inference here is wrong.

"Imagine what Macy’s would look like if 20% of all sales were returned."

I see the cancellation rate is improving. If you could present how the cancellation rate was in the past and compared it makes sense. If you look other builders the rate is in similar numbers. In fact even the luxury builder like Toll has 20% cancellation rate. ]]> Sat, 27 Jun 2009 13:19:59 -0400
The way I see is, the backlog numbers improved from 1Q to 2Q. That's all they are saying and I believe your inference here is wrong.

"Imagine what Macy’s would look like if 20% of all sales were returned."

I see the cancellation rate is improving. If you could present how the cancellation rate was in the past and compared it makes sense. If you look other builders the rate is in similar numbers. In fact even the luxury builder like Toll has 20% cancellation rate. ]]> http://seekingalpha.com/article/97445-hey-congress-guess-what-wamu-s-toast?source=feed#comment-265580 265580
+VE NIM means they are earning money! You have to mark an asset only when it is impaired. When homeowners are paying a mortgage and when it is not in default why mark it. Look, I am not angry about the loss. But, I am angry about the way it was taken down. It is clearly co-ordinated event. Even in banana republics, there is some integrity but there is no such thing in US financial systems]]> Fri, 26 Sep 2008 03:34:42 -0400
+VE NIM means they are earning money! You have to mark an asset only when it is impaired. When homeowners are paying a mortgage and when it is not in default why mark it. Look, I am not angry about the loss. But, I am angry about the way it was taken down. It is clearly co-ordinated event. Even in banana republics, there is some integrity but there is no such thing in US financial systems]]> http://seekingalpha.com/article/97445-hey-congress-guess-what-wamu-s-toast?source=feed#comment-265516 265516 Fri, 26 Sep 2008 00:58:34 -0400 http://seekingalpha.com/article/97445-hey-congress-guess-what-wamu-s-toast?source=feed#comment-265502 265502 - WeeklyTA

No not half of their loans in sub-prime. ARM's not necessarily risky because the interest rate didn't go up. Those mortgage owners can still refinance. My point is even if a loan is risky, doesn't mean it is goign to be a complete charge-off. The house price may have fallen 10 or even 20 %, that doesn't mean WaMu is going to take a 20% hit. Lastly, they were still making +VE NIM. I am not saying everything is great. But the run on deposit was fueled by press. People were urging why there is no run on deposit.

Who is Bill Gross? I don't care. I don't care what Warren thinks. The reality is those guys really wanted these sacrifial lamps. Just for a second think that government didn't want to nationalize FNM or rather let some of their sr debt vaporize... do you think anyone would care who is Bill G....

Look if a mortgage is in default, then WaMu needs to take reserves/ charges. Simple. But after there current reserves, and charges still had $26 B equity. Then they were making money on the assets and still +VE NIM. ]]> Fri, 26 Sep 2008 00:28:23 -0400 - WeeklyTA

No not half of their loans in sub-prime. ARM's not necessarily risky because the interest rate didn't go up. Those mortgage owners can still refinance. My point is even if a loan is risky, doesn't mean it is goign to be a complete charge-off. The house price may have fallen 10 or even 20 %, that doesn't mean WaMu is going to take a 20% hit. Lastly, they were still making +VE NIM. I am not saying everything is great. But the run on deposit was fueled by press. People were urging why there is no run on deposit.

Who is Bill Gross? I don't care. I don't care what Warren thinks. The reality is those guys really wanted these sacrifial lamps. Just for a second think that government didn't want to nationalize FNM or rather let some of their sr debt vaporize... do you think anyone would care who is Bill G....

Look if a mortgage is in default, then WaMu needs to take reserves/ charges. Simple. But after there current reserves, and charges still had $26 B equity. Then they were making money on the assets and still +VE NIM. ]]> http://seekingalpha.com/article/97445-hey-congress-guess-what-wamu-s-toast?source=feed#comment-265462 265462
In my 15+ years of investing, I never felt angry in losing money. I have lost lots of money in the market, but never felt the market is rigged or angry. Today, when WaMu is taken out, I truly feel the system is rigged. Yes I have lost tons of money. Yes I was stupid to be invested in this so long. But, $26 billion equity and $310 billion assets are taken out for nothing!

Is the management stupid not to agree for a deal?
Is rating agencies stupid to double down-grade on back to back days? BTW, why no one is investigating them?
Is FDIC don't see the bailout debate? Can't they give few more days for WaMu?

The ordinary investors are massacred. Today, I truly believe, the worst capital market for small and individual investors is US. There is no one to protect individual investors. Everyone is trying to kill the individual investors, and you can do that with impunity.
]]> Thu, 25 Sep 2008 23:43:01 -0400
In my 15+ years of investing, I never felt angry in losing money. I have lost lots of money in the market, but never felt the market is rigged or angry. Today, when WaMu is taken out, I truly feel the system is rigged. Yes I have lost tons of money. Yes I was stupid to be invested in this so long. But, $26 billion equity and $310 billion assets are taken out for nothing!

Is the management stupid not to agree for a deal?
Is rating agencies stupid to double down-grade on back to back days? BTW, why no one is investigating them?
Is FDIC don't see the bailout debate? Can't they give few more days for WaMu?

The ordinary investors are massacred. Today, I truly believe, the worst capital market for small and individual investors is US. There is no one to protect individual investors. Everyone is trying to kill the individual investors, and you can do that with impunity.
]]> http://seekingalpha.com/article/82078-coinstar-investors-counting-pennies-that-dont-exist?source=feed#comment-190516 190516 Sun, 22 Jun 2008 20:33:00 -0400