turbo471

10 Comments

    • Lehman Follows Good Bank/Bad Bank to Redemption [view article]
      Roger,
      I like your good bank/bad bank thesis. It isolates the problem, which is the fear based valuation of over the counter illiquid assets. Following the Enron debacle, the FASB implemented mark-to-market imperatives which in concept made sense, but in reality had only unintended negative consequences. When fear and uncertainty become the dominant characteristics in an illiquid over the counter market, the next bid is "no bid."
      Further, as a response to Richard, the "heart of the company" referring to Lehman Brothers is its people (employees, traders, sales personnel) who generate substantial profits. Separating the assets, deemed to be unpriceable at any realistic valuation allows a return of focus to the real "heart of the company."
      I would expect a separation of assets under the good bank/bad bank concept espoused by Roger to be worthy of an increase in the share price of Lehman stock. In such an event, I would look for a return to the $20+ range for their shares.
      IMO.
      Turbo       Aug 31 09:23 AM
    • Is Trading for a Living Wise? [view article]
      Bravo Jason!
      A well thought out piece with good advice. Having been a player for 40 years it's lovely to see what goes around come around.
      The Cramer mess is a travesty. Have you sent your Cramer-clips to CNBC?
      Thanks again,
      Turbo       Jun 24 07:55 AM
    • Book Review: 'Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley' [view article]
      I respectfully disagree with your rave review. As a former Managing Director of MS I thought that the book was as if had been written by the Group of Eight. I only made it through seventy pages. Apr 05 10:45 AM
    • Crocs: Value Building or Value Trap? [view article]
      I'm long and wrong, but with six grandchildren and Spring approaching I am hopeful!
      Thanks for your thoughtful piece.
      Turbo       Mar 19 10:04 PM
    • Crocs: Value Building or Value Trap? [view article]
      I'm long and wrong, but with six grandchildren and Spring approaching I am hopeful!
      Thanks for your thoughtful piece.
      Turbo       Mar 19 10:04 PM
    • S&P 500 Falls Well Below Analyst Targets [view article]
      My dog Bailey has slept on his right side for the last five years. The day after Christmas he started sleeping on his left side. We are going to try to get him to predict the S & P....stay tuned.
       Jan 15 06:54 PM
    • MBIA In the News: I Won't Say I Told You So [view article]
      When MBI trades back over $20 next week , will you start to cover your short? Jan 13 12:07 PM
    • My Ten Predictions for 2008 [view article]
      Subjective gloom and doom. Very boring. Dec 27 02:50 PM
    • Synalloy Corporation: A Sneaky Metals and Chemicals Growth Case [view article]
      Dear Mich Trader,
      SYNL which I am long, and I doubt you still are needs an update report. Since your April report the compamy has posted another dynamite quarter. Also, the short interest has gone from under 200,000 shares to 1.3 million shares. The stock with no apparent resistance has dropped from 47 to 22. What are your thoughts?
      Thanks,
      Turbo       Jul 26 08:34 PM
    • Smith Micro Software: The iPhone Alternative? [view article]
      How good is Smith Micro's product? Being a year old is not a problem, what is the quality of the product? Thanks in advance for your response.
      John S.       Jun 18 09:22 AM
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