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  • Talks between Best Buy (BBY) and a group made up of founder Richard Schulze and three private-equity firms over the consortium taking a large minority stake in the retailer have reportedly ended after it was unable to attract the necessary debt and equity financing. Schulze had originally wanted to take Best Buy private; he had until last night to organize a bid, but he'll now have to wait until next year if he wants to try again. [View news story]
    Fasten your seat belts ... the rollercoster starts in some hours ...
    Mar 1 04:59 AM | Likes Like |Link to Comment
  • Unemployment In Spain May Reach 33% In 2013 [View article]
    I am impressed with your formula. The reduction of the weak GDP by 10% is a huge figure, taking on consideration that two negative figures (even those that start from -0.X) in a row means recession ... thinking about -10% is out of the reality. The IMF predictions for 2013 is -1.3% ... so figuring out with a -10% doesn't sound very serious!
    Oct 14 04:01 PM | Likes Like |Link to Comment
  • Spain's Finance Minister: The New King Of Comedy [View article]
    Public healthcare and security are extremely good in Spain. In fact, many europeans come to Spain to do complex hospital treatments, cos they are better and free ... In some aspects (transplants) Spain is number one worldwide, and by far ...
    Oct 6 03:29 PM | Likes Like |Link to Comment
  • Spain Rally: Prepare For The Next Big Leg Down [View article]
    Nothing is worse than half truths, becouse if you are not totally informed, you get misslead by "halftruth info".
    Long document, but not accurate in many things.
    1) The "private conversations" of the Prime Minister were not related to the bank needs, but related to the debt of the country. Very different figure.
    2) It is true that the mechanism is not totally defined, but what it is more important is that Germany has approved the figures and the bailout principles. There will be some wording to be finished, but the facts are very clear: Europe has backed up Spain, and the bank capitalization is guaranteed by the EU. Spain is doing his homework changing the labor laws, and with agressive cuts in health care and others. To compare the crazy Greeks with the Spanish is just incredible (size, multinational exposure, GDP, etc).
    3) Total resources ready for different bailouts exceed 1.150 Billion Euros for the whole Europe, much more than the figure needed for Spain (including IMF/ESM and others)

    Of course there is still work to be done, but we have seen a huge change in Spain in the last week. To not see it, is a lack of vision.
    Jul 3 08:34 PM | 1 Like Like |Link to Comment
  • Energy Company YPF Shares Are 46% Higher In Argentina Than The U.S. ADR Value [View article]
    Tim, I do not know if you know Argentina way of thinking ... I've been there several times, and I do think I know them quite well.
    First point, Argentina do not want to pay any dividend, as a relevant part of it will go to the "evil spanish Repsol". They will rather prefer to subsidize gas imports or whatever, reducing the state bill, and getting a zero EBITDA and zero dividends, or big EBITDA and a no dividend policy.
    Second point, Argentina is turning very fast to a high controlled economy, without the chance to buy dollars or expatriate (legally) dividends. It is really a high risk country, and I do prefer to play rulette in the casino than russian rulette with Lady Kirchner ...
    Jul 3 06:31 PM | Likes Like |Link to Comment
  • Why Spain's Bank Rescue Is Only Its First Bailout [View article]
    badddue, I do totally agree. It is incredible to hear comments without the proper knowledge. Spain tried to fight for the Eurobonos, becouse it was a much better solution. Spain could get the capital needs without the "sound" of the bailout solution, through the European Debt, as the Eurobonos will position the debt costs, in similar ratios in the eurozone and, will open the gate of the european capital.
    The solution found is good, and the real capital needs are below 100 billion. By last, but not least, the changes realized in the labor market and in the deficit are heading the right way, and that it is why the UE have accepted to give the money without any additional commitments.
    Jun 11 09:50 AM | Likes Like |Link to Comment
  • Why Spain's Bank Rescue Is Only Its First Bailout [View article]
    robjr100, please, get informed before betting, or you will loose money ... the interest rate is below 3%, quite affordable I do think ;-)
    Jun 11 09:44 AM | 1 Like Like |Link to Comment
  • Spain Bailout, Other Indicators Say: Be Open To Stock Rally [View article]
    I do fully agree. If you are long in the IBEX, please tight up your belt strongly, as tomorrow we will have a huge gap upwards. The market was starting to react to the expected news. Now the fears of the "corralito" are over, so money will get back to the market. The Spanish banks and the market did overreact to the reality, with a -50% capitalization in 2012 in a lot of cases.
    Of course, everything can happen, but if I was short I will be looking for an exit asap...
    Jun 10 04:31 AM | Likes Like |Link to Comment
  • The Banks In Spain Swirl Mainly Down The Drain [View article]
    Come on! Of course Spain is suffering a lot, but no more than other countries, and the "cleanage" needed in the banks could be done with a no dividend-policy in 1-2 years. If that is the problem I do think it could be better off within months.
    My bet is that within weeks, the spanish stock market is going to have a huge gap upwards.
    May 13 02:32 PM | Likes Like |Link to Comment
  • 3 Cheap Stocks To Buy In Spain [View article]
    To compare Spain with Greece is crazy. Not only the size of the countries, but the GDP reality and capacity, and most important the level of seriousness. Of course that Spain faces very difficult and tough times, but other countries have addressed strong cutting programs and at the end, they have recovered.
    My view is that we are very very close to the bottom, and probably we will see a very strong recovery in the stock market within weeks. As everybody knows the stock market goes six-nine months in advance of the real economy, and that is the feeling.
    Apr 22 01:23 PM | 1 Like Like |Link to Comment
  • European shares close sharply lower, with some of the loss being catchup for yesterday's day off, but the rest from continued sovereign debt concerns - the yield on Spain's 10-year +22 bps to 5.98%, a 4-month high. Stoxx 50 -3%, Germany -2.4%, France -3.1%, Italy -5.1%, Spain -2.9%, U.K. -2.2%. The euro -0.2% to $1.3080.  [View news story]
    You are partially right, but calling "anarchy" as a common event in those countries, and putting in the same basket Spain and Italy with Greece it doesn`t make sense ...
    Apr 10 06:37 PM | Likes Like |Link to Comment