Green King

Thank you Investmentacct i have a feeling this will be the gift that will be keep on giving. :)

I've been spending lots of time on it. Haven't bought any yet though. Need to determine the likely treatment of their unfavorable time-charter leases in bankruptcy (and also the amount that they will likely reject) - which I believe has a mixed treatment history. Note, I'm not talking about the stock, of course.... No position But All it says in their 10Qs is that they have a 100 million funding gap. They still have 1b in book. Unless there is significant deterioration in the industry and market. which would mean all the other companies are insolvent. they should either be able to sell or workout something with the bankers soon. or am i missing something ?

thank you both. :D On unrelated note anyone looking at OSG ? Also Sanjeev Is there any way to implement a key word system for better indexing ?

anyone ?

I remember there was a thread talking about the shipping industry but for some reason i can't find it. It had a video on the industry by the CEO of pressure shipping (or something of the sort) A MIT paper on the oil industry Please help TIA

If i can but i don't make the buying decision there. Also its more a comfort product. But depends on the discount when its on sale and the chances of inflation i might stock up when the time is right. To Hedge the uncertainty of the market. Hey do you want to be a mercy of the market and kindness of strangers when it comes to one of your most important needs. ;D

the key is toner since that is where they make their money. So find a printer with a cheap compatible toner. I have a Samsung Ml 1640 which i have from 4 years ago for around $70 (+ tax )and Compatible toners for around $30 and i get the no brand paper @around 25 for 5,000. So around $70 fix and $0.025 variable cost and you can do manual duplex to cut cost of paper in half. (10 sec Google u can get ) Printer (u get can cheaper on sale in electronics stores) $ 74.99 refurbished http://www.amazon.com/Samsung-Monochrome-Laser-Printer-ML-1665/dp/B003G2OVCC/ref=sr_1_1?ie=UTF8&qid=1349691751&sr=8-1&keywords=samsung+Ml+1640+printer Toner 19.20 http://www.amazon.com/Professionally-Remanufactured-Cartridge-Compatible-MLT-D104L/dp/B008B1758U/ref=sr_1_1?s=electronics&ie=UTF8&qid=1349692262&sr=1-1&keywords=samsung+ml+1665+compatible+toner Personally if you want to do this for the long hull variable cost is key.

thesis please :D

is there a moody's manual one can look at ? What are the hassle that you are talking about ?

personally it got me very mad. >:( But in reality i think they are wrong, its the cherry coke and no vegetable diet that he has been practicing over his life time. ;D

should be: If I Recall Correctly thanks

what is IIRC ?

what did you think about view on execution based on conclusion to purchase of 30 treasury bonds ? @ around 3% ? is the a men(or women) will never understand something if it job requires him not to. or is this another game or some different completely ?

+1

Can you some context and reasoning on why Common and not preferred ? And why this is not impaired ? This is a interesting move.

Thank you I see what u mean now. Since FRE and FNM make their money through spread and fees and the government dose not want them to increase so the housing market can recover faster. (lower the cost of mortgage origination) The boards are working for the interest of the conservator, therefore will only do what the treasury wants them to do and not run the company for profit but for economic recovery. But what about 10 years from now? when the debts are paid off and the economy has recovered wouldn't the preferred be worth something than ? Since they make money not from asset levels but from providing liquidity. Than the question is " is this a undervalued option ? " Or am i missing something ? And governmental is going to bring the unwind the assets and privatize the company. Do they have to political and legal power to do this given that they didn't wipe out the shareholders when the time was best ? And why will they do that ? Politically ? what is there to gain from this ? wouldn't the shareholders and preferred holders stop this from happening or is this a orphan that no one cares about ?

David Tepper said the same thing on PlanMaestro 's video i kept it in my mind for awhile. I think it was a one line at the end of the video "cash is the best hedge" I did not understand it completely. David Tepper at Carnegie Mellon http://variantperceptions.wordpress.com/2010/11/20/1627/ I guess it is a high level skill to understand the basic element of investing and melt it into my thinking Completely. There much more to be done. Can some more seasoned investors add some more context, experience and wisdom to help me understand this better visually ? OR is this a trial and error time thing ?

Thanks I think i have miss quoted. sorry I wish to find the Munger article on how the two companies work and learn more about it. Personally i am still not sure if this is a done deal. Mean that it i will be worthless. Since the particular condition the government have left the company in. The preferred and common was not wiped out in the bail out process. So if the company continue to make money and the housing market recover the government will not have a cause to wipe out the company. So the question is will the remaining assets be able to pay back the treasury ? Will there be any assets left after the pay back ? (based on current trends and conditions) [ Will look into it : if anyone has any reconmandation in finding out how please show me thinking about digging 10ks seems above my currently level of understanding.] Can the government wipe out the common and preferred right to the company if debt owed to the Conservatorship is paid off ? Also doesn't the government need them to exist to insure the mortgage market since the only reason mortgage market is working is because of them. The private market dead right correct me if i am wrong the government still needs them to keep the economy going. (providing liquidity in the mortgage market in creating a secondary market for home loans.) So the asset is not the main thing for profits but instead the government guarantee and its role to provide liquidity from the market which private interest cannot replace at the very least in many years. Untill they want fun things to happen again. Instinctively " What is think based on nothing but gut" What are trying to do is to further stimulate the economy completely not sure i will try to understand it better. Please correct me if i am wrong. On a side note dose anyone know Derek Pilecki handle on this forum i think i saw poster linking this website assuming it is him.

Can u link me the article that you are talking about ? Or give me some context so i can find it ? Thanks

thanks

How can I view the entire thread? I can only seem to see the last page from post 1908 - 1931. Never mind, I figured it out. Can i get a link pleas for some reason i am only getting a few threads. TIA

quiet nice thanks.

year mean this ? http://www.amazon.com/Security-Analysis-Foreword-Buffett-Editions/dp/0071592539/ref=sr_1_2?s=books&ie=UTF8&qid=1348198003&sr=1-2&keywords=security+analysis+second+edition+2008

TY :D

I never understand this dumping of government debt thing to make things happen. if u sell Us treasury you end up with Us dollars in a Bank and if you buy other foreign debt than they end up with it. What part of the mechanics will cause the change ? or have i miss understand the whole thing ?