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Frank Rong1 » Comments » HSY

  • Five Great Businesses Currently on Sale [View article]
    BuyLow,

    Read it here on AmEX
    seekingalpha.com/artic...
    Aug 06 12:31 pm |Rating: 0 0 |Link to Comment
  • Five Great Businesses Currently on Sale [View article]
    On Legg Mason, Legg Mason has a subsidy name Western asset management, it had invested some of their clients money in SIVs. The Par value is $5.6 Billion dollars, and 2.5 Billion from Citigroup's SIV in Which Citi said it will back. Now we have 3.1 billion LM is liable for it. It has already marked down $600 Million from par, so net exposure is 2.70 B.

    Let's say, every mortgage defaulted, and LM can recover 50 cents on a dollar, I expect the max amount of money Legg can lose is 1 Billion, or one year worth of earning.
    Aug 06 12:29 pm |Rating: 0 0 |Link to Comment
  • Five Great Businesses Currently on Sale [View article]
    I will write an article on why China is a bubble ready to pop.
    Aug 06 09:07 am |Rating: 0 0 |Link to Comment
  • Five Great Businesses Currently on Sale [View article]
    Tilut,

    China and India are not free market, they are socialist-like woth some market based economy.

    China is absolutely a bubble, I have not met a single person who is not bearish on China.
    Aug 06 09:06 am |Rating: 0 0 |Link to Comment
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