warbucks's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/245556/comments http://seekingalpha.com/article/94603-got-zinc-the-long-case-for-horsehead-holding?source=feed#comment-286813 286813
What are your thoughts on the above? Are you still holding your shares? Are you buying more at 50% of what you paid?]]> Mon, 20 Oct 2008 22:13:16 -0400
What are your thoughts on the above? Are you still holding your shares? Are you buying more at 50% of what you paid?]]> http://seekingalpha.com/article/91308-why-downey-financial-is-not-indymac?source=feed#comment-234008 234008
That DSL's market value is 6% of their alleged book value, does not mean they could take a 94% write down of assets and still be ok (as the author implies). DSL's book value is less than 10% of assets, so a 10% write off wipes out all value in DSL equity. Most observers believe DSL will have to write down way more than 10% of their toxic loan portfolio when all is said and done, and that is why it is trading at almost zero. DSL already has over 18% non-performing assets and growing.]]> Tue, 19 Aug 2008 11:59:17 -0400
That DSL's market value is 6% of their alleged book value, does not mean they could take a 94% write down of assets and still be ok (as the author implies). DSL's book value is less than 10% of assets, so a 10% write off wipes out all value in DSL equity. Most observers believe DSL will have to write down way more than 10% of their toxic loan portfolio when all is said and done, and that is why it is trading at almost zero. DSL already has over 18% non-performing assets and growing.]]>