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  • Investment Ideas for a Republican Win in November [View article]
    If you think Republicans advocate holding stock in a big oil integrated with no ability to work with contractor recommendations without cutting out procedures to save money and put in jeopardy the lives of employees and ultimate success of the well, culminating in environmental damages not seen before in the US, you are CRAZY!

    Your partisan approach would more likely represent the far right and far left, then the majority of bi-partisan and successful investors hoping to participate in opportunities with policies that best reflect success for all.
    Sep 12 03:00 PM | 2 Likes Like |Link to Comment
  • BP: Sweet Opportunity or Sloppy Mess? [View article]
    Interesting read and posted comments, but here are a few thoughts:

    1. Populations surrounding the Gulf and the three other spills mentioned by Whitney are much different; the Gulf is more populated and therefore the liability exposure can be exponentially higher.

    2. The revenues on the wholesale business of BP are reducing by as much as 40% and owners of the retail business are filing a class action because of the negative public relations effect the spill.

    3. Together with a declining wholesale business, selling assets is a catastrophe to the shareholders because of the negative effect on the current ratio, so over time the investment will be less profitable even as they pay off more claims.

    4. Buying stock in this company does nothing to address the problematic safety record and that is foolish. Would you buy stock in a boxer who keeps getting knocked out? I guess Tilson would.

    5. Tilson is leading a group in the investing community that are removed from the communities most effected by the Gulf. Their investment is based on the greater good theory or the sum is greater than it's parts that they would gleefully sell to pay claims. If Grandma hits a deer, some would be thankful for all the inexpensive venison suddenly available, and may even be able to fix the car; but, Grandma may not be able to recover from the accident and may not be able to drive again.

    Good luck.
    Aug 12 12:13 AM | Likes Like |Link to Comment
  • 7 Actions BP Must Take Immediately [View article]
    Mr. Hackel, Sir, you lost me at the share offering since a bond offering is what was anticipated, but BP turned it down because they thought they had less expensive financing.

    This point is mute.

    Governments and acquisition partners aren't going to want BP or additional shares if it can't limit the liability of the leaking well. Bondholders would wait in line in a BK 7 or most likely survive an 11.

    Current shareholders own a company with liability very likely exceeding their market cap with liquidity problems becoming apparent. In my view, the pool of additional shareholders is decreasing rapidly.
    Jun 25 01:56 PM | 1 Like Like |Link to Comment
  • BP's Eventual Bankruptcy Is Certain [View article]
    A 2.5B gallon oil reserve leaking non-stop at 65,000bpd into the Gulf of Mexico with hurricanes imminent.

    A true disaster where the partnership liability alone if BP is found guilty in court could potentially be $60B+ since partners own 35% of the well.

    Nobody is happy with this disaster or wants to see it happen.

    But, it must be discouraged along with the 760+ citations in the BP US "safety" record.
    Jun 25 01:38 PM | 7 Likes Like |Link to Comment
  • Rentech Is Ready to Rally [View article]
    RTK has great technology that has been proven in pilot plants. REMC is a profitable fertilizer plant that is collateral for a credit facility through Credit Suisse and, with DOE funding, provide a large amount of funds for the plant developments in Rialto and Natchez. Their off-take agreements and MOU's evidence the fact their fuel is sold once produced at an in-line cost estimate.

    Two questions going forward are 1. Is the management that presently refuses to buy in to their company talented and experienced enough to develop large fuel production plants, and 2. Should the recent re-statements and subsequent class action suites be significant enough to remove management and provide the company the opportunity to pursue stronger personnel with experience in building and financing large fuel production facilities?
    Mar 5 12:40 AM | Likes Like |Link to Comment
  • Fun with the Financial Crisis Inquiry Commission [View article]
    <<Jamie, I actually think you deserve mucho credit for not having followed the herd a few years ago into CDOs and subprime debt.>>

    Whether or not Mr. Dimon did not participate in subprime and CDO's the last few years, he bought and operated with Sandy Weill Commercial Credit, a subprime lender out of Baltimore, they would develop into Citigroup.

    Dimon's strategy is to takeover other companies and steal from their shareholders (i.e. - WAMU). It seems to be what the Feds and the Banks are fighting over.
    Jan 21 12:03 PM | Likes Like |Link to Comment
  • Geithner Just Doesn't Understand [View article]
    TG - "Oh, absolutely. Again, the way--this is a tragic failure in the system, and we had no effective legal means to step in and prevent default without doing what you said, helping this firm meet all its legal obligations."

    He is talking "word salad"!

    Does he mean credit card holders whose credit cards are late and interest rates are high can't call to settle a debt at less than par with the permission of the creditor without declaring bankruptcy?

    Geithner is crazy!
    Jan 17 12:22 PM | Likes Like |Link to Comment