Myth465
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Posts posted by Myth465
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I like FFH at the current price but like most would love for it to go lower. The leaps also seem like a good deal.
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Im very happy
Got 50% cash and been waiting for 1.5 months for a pullback.
What are you guys buying. I am looking at a few things and may add to FFH.
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What is everyone doing with ORH.A
Any sellers at $20
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I sold LINE and EVEP to buy BBEP which looked smart until last Friday.
Now sitting on an unrealized loss of 10% vs, a gain of 40%. I am holding and may add to LINE or EVEP if they go lower. The stock is an even better buy based on intrinsic value but, the thesis of 30% in dividends each year on 15 - 20 years of assets has changed. They will likely not pay a dividend for 2-3 quarters. Or could pay a small dividend after 1-2 quarters and slowly bring it up.
My guess is it will be at least 10 - 15% but not the 30% expected. The stock will come out better when the next upturn hits though due to much lower debt levels if divs are skipped for a while.
I am holding and may add in the $4 range.
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Does anyone know how to get tickets if you dont own stock?
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no.
Goodwill is used to account for the difference between the value of the assets and the purchase price of the company. It cant be written back on once its fully off.
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Thats my strategy. To play the range bound market theory. I am tired of seeing my holdings at my basis and then down 30% then at my basis again within weeks. I have sold at my basis and will be buying on the next jobs report or whatever seems to kill the market. I will then hold a core position and will trade trading positions until things actually look decent going forward.
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I tend to agree with Krugman and Roubini
The people in the administration were deeply involved with the creation and early solutions to the crisis and have avoided leveling with the American people throughout the ordeal. It seems like nationalization would be the simplest way to deal with this but that's dirty socialism.
The arguments against nationalization and for propping up zombie banks and insurance companies dont make a lot of sense and this public private partnership also seems retarded.
I go with logic regardless of what side it comes from.
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I am looking into this space because everyone is saying Commercial Real Estate is the next big shoe to drop.
I like FUR Common, LXP Preferreds and will look into HRP-D.
Thanks guys and lets keep the discussion going. FUR is well known and has a competent owner manager with plenty of skin in the game.
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Dreman was interesting. I enjoyed his book but, it seems as though his only strategy was to double down and push all in. He pretty much was looking for reversion and unfortunately it never game.
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Does the debt and the purchase of grey wolf not bother you? Seems like Management didnt do a good job of capital allocation.
Also what do you think of HP. That was my main go to stock for land drillers due to the quality of there rigs. Offshore its definitely ESV due to the nice rigs, high ROIC and Margins, and no debt.
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Good deal, this has been my worst investment of yet and this is definitely good news.
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Thanks for the Update - BBEP reported today and all seems well. They have cut CAP EX and will try to maintain the div throughout the year.
There are just too many choices right now. Its mind boggling. I will add MCF to the list of interesting prospects.
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Researching BBEP now. Wish I had looked into it a few weeks ago when EVEP and LINE were up 35 percent. Also why MCF. I love the management but think there are companies which are cheaper from an asset perspective.
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ORH.A - See fairfax board.
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BBEP to me has litigation issues that I dont feel like researching. I think LINE was sold because they are all fairly similar but EVEP and BBEP have a higher yield. LINE has better hedges but, I think we only have 2-3 years of low prices.
How do you buy CMZ Bonds.
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Now is a good time to get back into these. EVEP and LINE are down and I am considering selling LINE to buy EVEP.
Also CMZ looks extremely interesting at this point. Someone said it was there top oil and gas rec, how do you feel about the debt service ability?
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My vibe is ORH is buying back as much as they can on the open market and when they redeem it they will only have to pay $25 to a small group of holders and it will simplify there reporting structure. Also they hold government bonds paying negative interest so buying these back is well worth it.
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This article is quite interesting - http://www.globeinvestor.com/servlet/story/RTGAM.20090210.wrabitibi10/GIStory/
Anyone have any thoughts or insights on whats in it for Fairfax and Steelhead?
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Holding but wouldnt buy until some certainty shakes out. Management is determined to keep expanding even with current economic conditions. I want to see what happens with UPS and DHL and with the new board member.
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thanks for the updates i got in at 17.25
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Thanks for the link, I will print this and definitely read it later.
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Thanks for the update. I wrote the preferreds off due to the big December rally but will be buying tomorrow.
finally...been waiting for this for the last 2 weeks
in Fairfax Financial
Posted
It seems like a decent way to play Wells and UBS is to buy FFH. They have doubled and it hasnt moved much at all.