phil_Buffett

http://www.bloomberg.com/news/2014-07-22/putin-under-pressure-has-hermes-bullish-on-stocks.html

russian stocks. after the get hammered this morning. gazprom, sistema, sberbank, rosneft, pharmstandard, lukoil

great. congrats!

bought today after new sanctions are in place, more gazprom, rosneft and sberbank. longer term sanctions are for me not interesting. nobody cares in 2-3 years about them. also have a already full Position in lukoil

bought more manitok and lightstream today. nice for Long term Holding period

http://www.valuewalk.com/2014/07/excellent-value-video-compilation-li-lu-seth-klarman-michael-price-michael-burry-others/ great

Happy Birthday Sanjeev :)

With both cases at a critical juncture the spring is wound tight. Informed speculation that either/both case(s) could be blow open any day can be found on this site: http://timhoward717.com/2014/06/25/order-fairholme-case/#comments I am sure both teams of attorneys follow this site as is is the best source of commentary about case developments. Preferreds are still trading at 35-40 cents on the dollar. thanks onyx1 for the site. :) hopefully we will win

as much as i know he has EGI Financial Holdings, RHJ International, Glacier Media, Blackberry, Voya Financial as one of his Holdings right now

thanks :)

thanks for the article. :) iam also Long Eurobank properties and Eurobank ergasius cheers

Phil - if you don't mind my asking - what broker do you use to buy the Korean stocks given the difficulty for retail investors to get them? And are there special restrictions in buying them? thanks cubsfan iam buying on german ING. i can only buy Samsung preffered and hyundai preffered. These are the only two i can buy. there are no restrictions because they are gdr Shares. they are Imitate a half of a preffered share. cheers :)

i sold my pharmstandard Holding today. Holding it for two months. 37% yield. now buying more hyundai preffered and Samsung preffered.

http://www.weisskoreaopportunityfund.com/documents/FG/weiss/docs/188742_Weiss_Korea_Annual_Report_Dec_2013_FINAL_unsigned.pdf for those who are interested. the weiss annual Report. he talks about the preffered Shares, biggest Holdings in the fund and so on. interesting. cheers

http://wealthtrack.com/special-series/great-investors-series/steven-romick-contrarian-cash/

lol ;D

http://mcelvaine.com/wp-content/uploads/2010/03/2013-Annual-Report.pdf cheers

thanks wellmont very much for your answer :)

Can you point to where in the Ackman slides it says preferred could swap for common? On slide 109 he talks about the Treasury converting their preferred, but I don't see anything about the publicly trade ones. Also, from looking at some of the prospectuses I can see they are non-convertible. So am just curious to see how the preferred can be converted, absent Fairholme's plan not being implemented. you're right he isn't specific. But he does say there are "several" ways in which Fannie and Freddie could become fully capitalized "more quickly". On the same slide he says treasury could allow f&f to "raise more capital". I don't believe that Fairholme is holding so much preferred in the hopes it trades at 95% of par and starts paying it's dividends. I believe his plan is to create a large stake in the common equity of the company. Ackman has different incentives. I believe the hedge fund holders of the preferred will play a significant role in how to restructure f&f. btw I participated in a plan (post crisis) that allowed a holder of Citigroup preferred/trups to exchange into common stock at a discount to then prevailing prices. the preferred do not have to be convertible to be exchanged for common stock. even if an exchange offer never materializes, the pref could be a great investment. If there is a favorable court ruling or a negotiated compromise in the next year or so, the preferred could double almost overnight. Depending on your holding period that's not a bad outcome. wellmont would be nice to hear from you. ackman has almost only common stock. what is his incentive? what will happen to common in your opinion?

http://www.valuewalk.com/2014/05/fannie-mae-freddie-mac-bill-ackman-ira-sohn-112-page-slides/

thanks hellsten :)

thanks liberty :)

http://www.valuewalk.com/2014/05/ackman-cnbc-alternative-fannie-freddie/

http://www.valuewalk.com/2014/05/ackman-talks-fannie-mae-freddie-mac/ ackman said conservative value 23$ http://blogs.wsj.com/moneybeat/2014/05/05/live-blogging-the-sohn-investment-conference/?mod=WSJ_LatestHeadlines

thank you :)