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  • The U.K.'s Parliamentary Commission on Banking Standards will reportedly debate a 600-page report that it has put  together tomorrow and on Tuesday, with probable topics of discussion including splitting RBS (RBS) up into "good" and "bad" banks, a lack of competition, excessive pay and inadequate regulation. One of the problems, says an official, is that the banks are too big and complex for effective governance. [View news story]
    What is the connection of SAN and RBS...sorry I am naive about this?
    Jun 9, 2013. 12:51 PM | Likes Like |Link to Comment
  • Even as Vale (VALE) shares slide near a 52-week low, Citi's Alexander Hacking says it's not yet time to buy, even as it is his preferred LatAm metals and mining stock. Annualized operating cash flow is sub-$10B vs. Vale’s proposed $27B of capex and dividends in 2012; Citi sees the biggest challenge as Vale’s spending, not the drop in iron ore prices. [View news story]
    Aug 24, 2012. 09:31 PM | Likes Like |Link to Comment
  • Brazil has sacrificed ~$20B and lost a significant share of the global seaborne iron ore market in the past decade, mainly due to licensing difficulties which have caused mine project delays, a Vale (VALE) exec says. The world's largest iron ore producer must obtain no fewer than 174 environmental permits to complete projects for which $34B in investments already have been approved.  [View news story]
    Some governments have as few as 6-10 permits to get projects and jobs going and others have as many as 80 and more.Which one of the countries will be the winners? We will see.
    Aug 1, 2012. 03:21 PM | 1 Like Like |Link to Comment
  • Feeling it's put the negativity associated with getting bailed out behind it, AIG will resume using its brand name - AIG - with the public again. "The increasingly positive sentiment toward AIG is a powerful asset," says CEO Bob Benmosche in a memo to staff.  [View news story]
    AIG means a lot and not necessarily in this orde: Screw up, reverse split, fantastic growth, real estate galore,international, greed, come back, friends in high places,potential, moneymaker,lucky,crawling back, ate crow, promising,redemption on its way. And perhaps a lot more meanings on their way. I am long on AIG and optimisticly cautious.
    Jun 28, 2012. 11:00 PM | Likes Like |Link to Comment
  • Depressed shares of Chesapeake Energy (CHK -4.2%) are worth more than $50 apiece and will eventually top $100, the head of top CHK shareholder Southeastern Asset Management says, adding that the company is on track to sell assets and create a "pristine" balance sheet.  [View news story]
    Carl will do very well. His entry point was in the 15 dollars up or down so if you have FAITH in him, you will do very well with a little of patience.
    Jun 24, 2012. 10:24 AM | Likes Like |Link to Comment
  • Depressed shares of Chesapeake Energy (CHK -4.2%) are worth more than $50 apiece and will eventually top $100, the head of top CHK shareholder Southeastern Asset Management says, adding that the company is on track to sell assets and create a "pristine" balance sheet.  [View news story]
    If we can buy it at the price that Carl bought it , I am in.
    Jun 21, 2012. 11:49 PM | Likes Like |Link to Comment
  • Spain's Banco Santander loses its U.S. stock symbol today, changing from STD to SAN.  [View news story]
    I see it as a good omen...San as in Santa by December we may see our share with a nice Christmas gift!
    Jun 14, 2012. 11:39 AM | Likes Like |Link to Comment
  • There's no let-up on Aubrey McClendon from Reuters, which finds that Chesapeake (CHK +1.3%) staff spent 15,000 hours working on the CEO's personal projects in 2010 at a cost of $3M, a figure that hit $3.2M in 2011. Then there's $1M of personal flights using the corporate jet in 2010-11. (See also Chesapeake's real-estate kingdom).  [View news story]
    Sharehlder stress! Who needs it???
    Jun 7, 2012. 10:23 AM | Likes Like |Link to Comment
  • "Worse than 2008," is the conclusion of Credit Suisse analysts of Asia's metal and mining industry after having spent a couple of weeks on the ground. "Our discussions suggest a significant loss in growth momentum ... especially for steel makers." An expected China stimulus program "would bring temporary relief at best."  [View news story]
    I am no analyst but Brazil just cut the interest rate and more cuts to come and there seems to be a resolution to the potash development in Argentina and I am waiting for Europe to put its best foot forward..I just bought some Vale. Is it bottom..I do not know...but then again who knows??
    Jun 6, 2012. 03:50 PM | Likes Like |Link to Comment
  • Vale Is Inexpensive At $18 [View article]
    I do not know when things will turn around but visiting Brazil, it's like visiting a growning promising country, it's not perfect but it impresses you...I do not want to wait too long on being part of Vale's growth an its future.
    Jun 4, 2012. 02:48 PM | Likes Like |Link to Comment
  • Vale Is Inexpensive At $18 [View article]
    Vale's diversification, the 6 1/2 dividend and the recent prize @18 makes me a buyer of Vale. I am long!
    Jun 3, 2012. 04:29 PM | Likes Like |Link to Comment
  • AIG (AIG): Q1 EPS of $1.65 vs. consensus expectations of $1.12. Core insurance operating income of $2.4B and book value per share of $57.68 vs. year-ago $44.33. Shares -2.6% AH. (PR)  [View news story]
    for all the reasons you guys mentioned...I am LONG!
    May 3, 2012. 09:05 PM | Likes Like |Link to Comment
  • Brazil's Bovespa continues to drop, -0.8% today as VALE, already stung by diving earnings, has its $5.9B potash project in Argentina threatened by Kirchner's shenanigans. Brazil's banks are also booking losses as the country enters the "not fun" part of a consumer credit boom. On the plus side, the central bank is aggressively cutting rates. The divergence between Brazil and the S&P.  [View news story]
    The Kirchner "MACHINE" is showing that every social, economic, and political move they make is their "revenge" against the middle and upper class by controlling any means of production,media information,and banking and power in all levels of government.
    Apr 27, 2012. 07:56 PM | Likes Like |Link to Comment
  • Last week: "The suggestion of any conflicts of interest is unfounded." Today, Chesapeake (CHK) says it won't extend its Founder Well Participation Program, which indirectly facilitated up to $1.1B in loans taken out by CEO Aubrey McClendon. "The board did not review, approve or have knowledge of the specific transactions engaged in by Mr. McClendon or the terms of those transactions." CHK -1.8% premarket.  [View news story]
    The board is naive or incompetent.
    Apr 26, 2012. 10:56 AM | 3 Likes Like |Link to Comment
  • Europe hits session lows, led again by Spain, whose IBEX 35 is less than 2% above the epic 2009 lows. Stoxx 50 -1.4%, Germany -0.5%, Spain -2.2%. Banco Santander (STD -3%), also less than 2% above its 2009 low. The days when this sort of action caused the euro to be dumped seem over, the common currency flat vs. the greenback at $1.3131.  [View news story]
    We must not forget that Santander is a lot more than Spain , it is Latinamerica etc...I believe it is time to buy at these levels.
    Apr 19, 2012. 10:33 PM | Likes Like |Link to Comment