quote:Originally posted by Free Muney: lol. good streak invester i am still watching cc.
what is your favorite right now?
I still like LVS. They are on track for the opening of the Singapore casino. They did a secondary offering but they stock has fallen from $140-$4m now being $15. Should double very shortly. CHK will double as well.
Posts: 4381 | From: houston | Registered: Mar 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
NCC $ 2.49 RT -0.21 (-7.78%) This would have been a "no brainer" short. lol still above buy out price.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
CC doesn't stand much of a chance against BB and WMT imo. Strings are just too dam tight.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Yeah, I'll be watching it over the next couple weeks. Could see them ruffle some more feathers, what few they have left. lol
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by Peaser: A cheap costing new Plasma TV would be nice.
Yep. Overwrote my post. Hate that so many will be losing jobs but keeping some cash available for some decent purchases will have its payoff. I think there will be more closings than were on the list. Just a matter of time imo.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by invester: I think CC is a good play as well. They own a ton of real estate.
"This isn't a surprise," JPMorgan analyst Christopher Horvers said of the bankruptcy filing, adding that the reorganization could help the company get out of leases for certain bad store locations.
Circuit City had also said last week that it would further cut back on new store openings and planned to work with landlords to renegotiate leases, lower rent or terminate agreements while it dealt with tightening credit from its vendors.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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posted
You still holding the half that you didn't mention selling? You commented that you took out your principle (and doing the math, it looks like you locked in a bit of profit as well), but did you get out of the rest, or did you get stuck holding the rest through the BK announcement?
quote:Originally posted by invester:
quote:Originally posted by invester: Bought 5000 CC at .19 and .20. Sold half at .41 and .42. No principal now.
As you can see, it was a good play, for me.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Nice. I just found this thread. Look at where all the stocks are now. LVS called at $5, now $20 LoL.
Posts: 4381 | From: houston | Registered: Mar 2006
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quote:Originally posted by oldseven: Yeh Investor - where you been? This is one pick I did not get into - of course.
Formed a corporation with my business partner to take advantage of the housing downturn in several cities. I've got allot of core positions that I'm holding, but don't have anywhere near the time to trade like I have been. The whole portfolio is up over 450% this year though. I'll have picks off and on though. Posts: 4381 | From: houston | Registered: Mar 2006
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posted
We'll be taking ours public via reverse merger "clean shell needed" within a year or so.
Posts: 4381 | From: houston | Registered: Mar 2006
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quote:Originally posted by oldseven: Yeh Investor - where you been? This is one pick I did not get into - of course.
Formed a corporation with my business partner to take advantage of the housing downturn in several cities. I've got allot of core positions that I'm holding, but don't have anywhere near the time to trade like I have been. The whole portfolio is up over 450% this year though. I'll have picks off and on though.
MOST Excellent! Glad things are going great for you. We will be waiting for your future picks. Good Luck with your new business!
-------------------- Only ONE good stock away from retirement! Posts: 493 | Registered: May 2009
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quote:Originally posted by oldseven: Yeh Investor - where you been? This is one pick I did not get into - of course.
Formed a corporation with my business partner to take advantage of the housing downturn in several cities. I've got allot of core positions that I'm holding, but don't have anywhere near the time to trade like I have been. The whole portfolio is up over 450% this year though. I'll have picks off and on though.
MOST Excellent! Glad things are going great for you. We will be waiting for your future picks. Good Luck with your new business!
posted
Ten Big Companies That Are Veering Toward Bankruptcy Posted Sep 18, 2009 12:21pm EDT by Vincent Fernando and Joe Weisenthal in Investing, Media, Products and Trends, Recession Related: AMD, LVS, S, M, GT, MYL, HTZ From The Business Insider, Sept. 18, 2009:
Despite a few green shoots in the economy and a rocketing stock market, many large companies are still struggling to avoid bankruptcy.
A new report by Audit Integrity identifies some high-profile names "that have the highest probability of declaring bankruptcy among publicly traded firms."
Which companies appear the worst off? We took the list and removed any company with a market cap under $3 billion. We then ranked the remaining names by a simple measure of the market's perceived bankruptcy risk - Market Cap (MC) divided by Enterprise Value (EV). The less MC vs. EV, the less residual shareholders' value (above what debt holders can claim) the market is pricing-in for the company. Thus a lower MC/EV means the market thinks the company is more likely to go bankrupt.
1. Hertz
When you have tons of debt financing your fleet of cars, falling rental demand really hurts.
While the company raised new capital in May for some breathing room, Fitch and Moody’s actually cut their ratings for the company in July.
Ignoring the downgrade, shares kept rallying and are now at over five times the March $2 low. Best of luck.
Market Cap (MC)/Enterprise Value (EV) = 32%
2. Textron
What a tough time to be selling business jets.
Textron wrote down $2.3 in its backlog this year after it cancelled a new jet design, and demand for its other aircraft-related offerings has plummeted.
Shareholders may be heartened by the company’s ability to push back some debt maturities lately, but deteriorating credit quality at the company’s leasing arm makes the outlook uncertain at best.
MC/EV=39%
3. Sprint Nextel
Sprint Nextel is bleeding customers, and could lose as many as 4.4 million net post-paid subscribers this year.
This is a huge problem when you have large amounts of maturing debt over the next few years.
A recent Deutsche Telekom acquisition rumor offered some hope, but that appears to have faded. Facing a difficult road ahead on its own, the company better keep its lawyers on speed-dial.
MC/EV=41%
4. Macy's
Does anyone even shop at department stores anymore?
Same store sales will likely keep falling at Macy’s right through 2009. With $2.4 billion of maturing debt over the next five years, the company is trying to cut costs, and has already reduced its dividend.
Hopefully the US consumer will bounce back soon, and actually want to shop at Macy's.
MC/EV=47%
5. Mylan
In a classic case of management empire building, Mylan overpaid big time when it bought Merck’s generic business back in 2007 and is now stuck with $5 billion of long-term debt as a result.
From 2007 – 2008, the company lost over $1.3 billion very much due to goodwill write-downs.
While the company could earn $300 million this year, they’ll have to earn far more than that in the future to make their debt manageable.
MC/EV=51%
6. Goodyear
Demand for Goodyear tires has sunk, and the company is saddled with massive debt and pension obligations.
It doesn’t help that The United Steelworkers union prevents the company from proper cost control by forcing factories to stay open.
Shareholders have to wonder how much value will be left of the company after bondholders and the union members have their way.
MC/EV=53%
7. CBS
Weak advertising and falling license fees have sent CBS's earnings off a cliff in 2009.
If they remain depressed for too long, the company could have trouble refinancing $3.2 billion of debt coming due over the next five years.
It will really come down to whether or not CBS’s earnings collapse is merely cyclical, or the result of structural trend whereby traditional TV is dying.
As a business ****, we can't help but feel partly guilty here.
MC/EV=55%
8. Advanced Micro Devices
When will AMD actually make money again? The question is becoming more important by the day since it carries over $5 billion in long-term debt.
After losing almost $3 billion from 2007 – 2008, analysts expect the company to lose more money in 2009 and 2010.
While the shares rallied from their February $2 low, they still appear stuck in a long-term down trend from $40 highs way back in 2006.
MC/EV=55%
9. Las Vegas Sands
Las Vegas Sands over-expanded and over-levered in the last few years and now has over $10 billion in debt to deal with.
Despite jumping 13 times from their March low, Las Vegas Sands shares still face an uphill battle.
Conditions in Las Vegas are horrible, Asian expansion isn’t enough, and if this lasts too long then LVS will end up in bankruptcy court looking like it bit off more than it can chew.
MC/EV=60%
10. Interpublic Group
As one of the largest advertising and marketing companies in the world, IPG was slammed by the global recession.
As the company’s CEO said during recent second quarter results, the downturn “is proving steeper and more lasting than expected”.
Revenues have fallen double digits and the company’s exposure to General Motors as its largest client hasn’t helped.
MC/EV=80%
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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JPMorgan analyst Christopher Horvers said of the bankruptcy filing, adding that the reorganization could help the company get out of leases for certain bad store locations.
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