thesession

16 Comments

    • On Liquid Courage: David Brooks and Jim Grant [view article]
      Nice comments. Thanks Jul 22 03:24 PM
    • Tax Rebates Helping Americans Pay Down Credit Card Debt [view article]
      The amount receivables also went up. I know some of this can be explained, but should be noted.

      "Aggregate outstanding principal receivables... increased $11.6 billion to $442.4 billion in May, which is the highest level recorded by the index, from $430.8 billion in April."

      "Principal receivables had been trending up since the first quarter of 2006 reporting a year-over-year increase of approximately 11.5% for May"       Jul 14 04:19 PM
    • Green Bio-Refining Up, Solar Stocks Down [view article]
      skip the plants, go to the source... the sun. Jun 06 09:29 AM
    • Commodities Prices: Speculation Exposed [view article]
      Thanks for the article and posts... and thanks for the links to Masters article too. All good stuff. May 22 09:11 AM
    • Is Oil Bubbling Over? [view article]
      I'm fairly certain here that a decrease in price does not increase demand... basic economics...

      it increases the quantity demanded... but not demand.       May 08 05:42 PM
    • What's Behind Consumer Spending? [view article]
      Glad you posted this... cause headlines this morning were quite misleading ! May 01 11:33 AM
    • 35 Stocks That Ben Graham Would Like Here [view article]
      It would interesting to know the differences since the last time you ran, or month over month changes (I guess that's mostly due to chagnes in the P). Did it pick similar companies or vastly different? Or ones that were screened and chosen as Ben Graham stokcs in the past and how well they did since. Or do you think short term vol skews this too much? Apr 09 04:06 PM
    • Indexing Our Global Market Portfolio [view article]
      Which fund are you using to reference the Citigroup High Yield Index? Is there a ticker? Apr 09 11:57 AM
    • Options Trader: Wednesday Outlook [view article]
      Oh Snap on the 10:30 inventory news! Any adjustments coming? Apr 09 11:48 AM
    • Are REIT's Fairly Valued? [view article]
      I agree that it helps support some value. One thing to note is that cash flows can also be helped by FED, esp. if that REIT has a high % of floating rate debt to fixed rate debt. The recet decline in Libor can affect 2008 FFO projections upward, but for most REITs, that is likely to be relatively small impact to FFO (assuming they hedge well). Mar 28 09:21 AM
    • Double Whammy: Bank Card Companies May Be Next [view article]
      Can one assume that if FICO was meaningless in predicting non-prime mortgage defaults, that same credit history is likely to be meaningless in predicting CC defaults as well? Thus subprime CC lenders may not have done a good job in portfolio underwriting. They do have better risk pricing but are unsecured and have revolving credit.

      Financing of these portfolios is all time highs. I think you really have to watch the performance trends in the CC portfolios to call this one, most important being "excess spread".

      They provide that data on their websites, so follow the trends.       Mar 26 09:41 AM
    • Thornburg's a Huge Bargain After Monday's Crash [view article]
      More trouble. Thornburg Mortgage Receives Default Notice From JPMorgan Chase today on a $320mm loan. Mar 05 05:40 PM
    • Mortgage REITs: Ignore GAAP, It's All About the Cash [view article]
      Hearing tons of margin calls going out to Mortgage REITs today... could be trouble. Feb 29 08:43 AM
    • Newcastle's Need for Liquidity Puts the Dividend at Risk [view article]
      Yes, it seems liquidity would be an issue for any mortgage type REIT. Makes sense they sold assets to raise cash and hopefully they can set aside enough for any type of margin calls or short term funding issues.

      More interesting to know... were they "forced sellers" or "opportunistic sellers"?

      And then, hopefully they can reinvest some of that into higher yeilding assets. Buying opportunities will be good once markets stabalize a little more.       Feb 28 09:09 AM
    • Financials Offer Patient Bulls Many Opportunities [view article]
      Don't forget the E in the P/E. These companies have almost no viable/ profitable businesses right now. I think prices need to go down further to reflect the future prospects of not generating nearly as much revenue and profit. I think almost all their businesses are shut down and will likely not come back anytime soon. Feb 22 01:26 PM
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