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mikeg999

mikeg999
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  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Yes
    Jan 27, 2014. 02:32 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    TD-wishful thinking. Unfortunately for existing shareholders, this will not be the result. At the current price of the common, it might buy you dinner at Red Lobster.
    Jan 27, 2014. 02:31 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Yes-General Growth was crushed by the collapse of the financing markets and lost the ability to takeout maturing debt. TID is in a different situation.
    Jan 27, 2014. 11:30 AM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    See my comment about the better risk/reward being the bank loans or bonds (assuming they trade at a substantial discount. VD seems to lack experience in the distressed world or else he would understand that the only beneficiaries of a pre-pack or pre-negotiated filing are:

    1. The lawyers and accountants
    2. Secured Creditors
    3. Management
    4. Asset buyers
    5. Taxes owed.

    All gain at the expense of the trade, junior creditors and SHAREHOLDERS.
    Jan 27, 2014. 07:27 AM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    My experience ALWAYS says to avoid the equity of a firm where a CRO has been appointed. On the other hand, the distressed bonds and bank loans tend to present better risk/reward.
    Jan 27, 2014. 07:20 AM | 1 Like Like |Link to Comment
  • Apple cut to Sell at Standpoint over moral reasons [View news story]
    This is one way for an analyst to differentiate himself and generate some publicity. It is hard to get worked up by his argument when one examines the self-serving insights offered by other "insightful" analysts. Do successful investors pay attention to analysts? I doubt it.
    Jan 6, 2014. 07:55 AM | 9 Likes Like |Link to Comment
  • The Next 5: More Investments For My Income Portfolio [View article]
    SP-picked up equal amounts of MMD, NIO, VGM and VKI. Attractive tax equivalent yields pumped up by year end selling.
    Dec 14, 2013. 11:11 AM | 1 Like Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    My 2 cents-hard to imagine that the company will be able to maximize its value for all its stakeholders with the appointment of a CRO (Chief Restructuring Officer). The implication of this appointment is clear; the company will make those decisions to enhance immediate liquidity and reduce leverage. The beneficiaries will be the firm's creditors and possibly management at the expense of its shareholders.
    Dec 13, 2013. 09:54 AM | Likes Like |Link to Comment
  • My Intelligent REIT Picks For 2014 [View article]
    I understand Brad's enthusiasm fro the net lease business but find more cautious as Brad frequent positive articles. I do not see many comments about key risks and issues. In this low cap environment where credit risk tends to be under priced, I wonder if current stock prices and yields properly reflect those risks.
    
    Just saying I would respect a more balanced analysis with less cheer leading.
    Dec 11, 2013. 05:37 PM | 9 Likes Like |Link to Comment
  • 2 High Yield Bond CEFs With Recent Intensive Insider Buying [View article]
    $GHY- Continue to like the shorter duration (2.4 years), discount (9.5%) and yield (8.75 %). Agree with your comment about intensity.
    Dec 6, 2013. 08:31 AM | Likes Like |Link to Comment
  • Detroit eligible for bankruptcy protection, says Judge [View news story]
    Let's not forget the other growth industries-prisons and casinos.
    Dec 4, 2013. 08:53 AM | 1 Like Like |Link to Comment
  • Detroit eligible for bankruptcy protection, says Judge [View news story]
    Even if possible, why bother. Our debts are dollar denominated and we can simply print more $ to pay our obligations.
    Dec 3, 2013. 01:19 PM | Likes Like |Link to Comment
  • Detroit eligible for bankruptcy protection, says Judge [View news story]
    Article 1 of the US Constitution prohibits states from impairing contracts and the Supreme Court has ruled (1977) that states cannot refuse to honor its debts simply because it would rather spend its resources in another manner.
    Dec 3, 2013. 01:18 PM | Likes Like |Link to Comment
  • Detroit eligible for bankruptcy protection, says Judge [View news story]
    States are can not seek bankruptcy protection. It will have to address its debts the old fashioned way through negotiation and higher taxes.
    Dec 3, 2013. 12:18 PM | Likes Like |Link to Comment
  • Investor behavior: Same as it ever was [View news story]
    I too would like a program that provides a low risk (close to Treasury) return 1.5-2.0 above the inflation rate.
    Nov 23, 2013. 11:26 AM | 1 Like Like |Link to Comment
COMMENTS STATS
75 Comments
84 Likes