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papayamon

papayamon
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  • Bank of America beats by $0.08, beats on revenue [View news story]
    Now, this just isn't any fun for the detractors of this ethically challenged bank! However, as someone who actually owns stock and options, I think it's great :).

    I have it from an inside source that BAC has been stealing tooth fairy money from under kid's pillows....
    Oct 15 07:10 AM | 6 Likes Like |Link to Comment
  • LINN Energy: Recent Correction Closes Valuation Gap [View article]
    Of course. there are political motives working in the background. Obama couldn't possibly care anything less about destroying investors. We have no idea what deals are made by our government.
    Oct 15 06:46 AM | 3 Likes Like |Link to Comment
  • LINN Energy: Recent Correction Closes Valuation Gap [View article]
    I bought LNCO today. If they don't cut the distribution in the next year, I'll have 18.50 in this after a 2.90 dividend (or return of capital, whatever you want to call it). I think surely the winds will blow in a different direction at some point and there will be a nice pop here. In the meantime, I count on LNCO's hedging to preserve value.
    Oct 14 08:58 PM | 5 Likes Like |Link to Comment
  • EXCO Resources: Compass Divestiture Simplifies Corporate Structure, Improves Credit Profile [View article]
    All i can say is if the new ceo is Tom Ward and they are buying some of his property in the Mississippi Lime, i'm selling the instant I find out about it. Surely Ross and company aren't that dumb.
    Oct 14 06:11 PM | Likes Like |Link to Comment
  • Sorry Dorothy, Micron Will Not See $50 [View article]
    No use over analyzing what's happening with sector sell offs during this correction. The good sells off as well as the bad. Currently I'm investing in energy companies that have been crushed. Waiting for more crushing here to get in deeper.
    Oct 11 03:41 PM | 3 Likes Like |Link to Comment
  • EXCO Resources: Compass Divestiture Simplifies Corporate Structure, Improves Credit Profile [View article]
    I would seriously doubt that they would try to reduce leverage by merging with another debt ridden company like HK.
    Oct 11 12:30 PM | Likes Like |Link to Comment
  • EXCO Resources: Compass Divestiture Simplifies Corporate Structure, Improves Credit Profile [View article]
    i have just bought 40k shares at 2.27-2.30. For once, I like to be on the same side as you, Doug. I am hoping that there is $4 in this within a year. I would also think that if Ross and company are EVER going to buy this out, NOW is the time.

    Despite XCO's ridiculous announcement that they may buy the assets associated with a new CEO (what company of this size needs more than a year to find a CEO? and how can the board of directors be seriously putting forth the idea that they are really looking?), there is quite possibly a deal in the works. If there is a deal to take XCO private, we'll all find out about it too late to move on it. Now is the time to buy these shares, even if you have to hold your nose.

    Surely they'll cancel the dividend. Otherwise, I have to wonder about the intentions of the BOD. Would they try to drive the price much lower, in order to buy it out for even less? They should be preserving liquidity any way they can. One would think they may have fiduciary duty to small shareholders, but in this world examples are rife of management and bod screwing shareholders all they can, with impunity.

    The wheels are certainly turning behind closed doors. The value here seems so compelling that I am tossing my hat in the ring, come hell or high water. Then again, I could be dressing in barrels by this time next year.
    Oct 11 12:04 PM | Likes Like |Link to Comment
  • EXCO Resources says it may buy properties from its next CEO [View news story]
    That is about the stupidest press release in the history of press releases. I have to wonder if Ross and Boone have forgotten to take their dementia meds. Really, beyond pathetic for a company to release something so unfathomably idiotic. I might buy a house next year. I might use the bathroom at work. Those items are as worthy of press releases as these this STUPID press release.
    Oct 10 11:53 AM | 1 Like Like |Link to Comment
  • EXCO Resources: What Just Happened? [View article]
    I'd say there is some possibility of a low end buyout. I think something's going to happen and we are where this thing is priced like an option at this point.
    Oct 10 09:54 AM | Likes Like |Link to Comment
  • Opportunity In Freddie Mac And Fannie Mae [View article]
    Think of it as another tax that Obama can use to feed benefits to his supporters. Take from those who work and save, and give to those who take and take and take.
    Oct 9 08:35 PM | 1 Like Like |Link to Comment
  • Sorry Dorothy, Micron Will Not See $50 [View article]
    Judy was really a special talent. It's too bad the movie producers victimized her and turned her into a drug addict. From the time child movie stars woke until they went to sleep, they were given drugs to regulate their bodies. Amphetamines in the morning, barbiturates at night. It was nothing short of horrific child abuse.... so the all important studio production schedules could be met.
    Oct 9 05:03 PM | 2 Likes Like |Link to Comment
  • Sorry Dorothy, Micron Will Not See $50 [View article]
    Phred, for what it's worth, I chastised this author for that in his article yesterday. He didn't reply to my post but at least it shows he can indeed read. Unless this is just coincidence and I am flattering myself. I could be wrong.
    Oct 9 04:31 PM | 12 Likes Like |Link to Comment
  • Opportunity In Freddie Mac And Fannie Mae [View article]
    The government stole from the big banks at the expense of people who worked and scrimped and saved. But they aren't going to be able to pull this one over, because it is indeed outright theft of private property.

    Had the government wanted to declare Fannie and Freddie insolvent and liquidate them, they should have done it rather than allowing "worthless" securities to be traded. Of course, they weren't thinking of anything except screwing the shareholders out of their hard earned savings.

    Hold the course.
    Oct 9 11:34 AM | 3 Likes Like |Link to Comment
  • Lower Oil Prices Could Lead To The Shale Debt Bubble Bursting [View article]
    Yes, but at what cost to that society? Riots in the streets won't help a thing, and that's what ultra cheap oil will do. This is a game to put pressure on Russia, imo. I don't think we really know what goes on behind the scenes.

    But nothing cures low oil prices like low oil prices. After oil drops to $85 or so, there will be many shelved projects - which will ultimately raise the price again.
    Oct 9 04:09 AM | 2 Likes Like |Link to Comment
  • Morgan Stanley cautious on Ford [View news story]
    Wouldn't the better mileage of the truck command a higher price from almost any buyer? That is a huge competitive advantage.
    Oct 9 02:20 AM | 1 Like Like |Link to Comment
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