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Live Aid 1985(I was their)
Aluminum rules!!!lol Bob :))
Hey Bull,I did too.This board made me think back.Retail board???
Thank god we trade most stocks or that would be the way to go.Notice I said most.Always politically correct.lol Bob :))
Thanks,Taking a look and passing it along.Funny you mention The Office.I have a meeting with NBC Thursday about their kiosk expansion.Looks like a fall opening.If you need anything,let me know.I will get you 30% off the expensive nbc store prices.Their shipping is ridiculous also.I am trying to get them to add other popular shows along with NBC sports items.Will let you know what went down.The person coming from NYC is meeting with lots of people Thursday.TV/leasing reps also.Bob :))
Coke Max Headroom~
80's cartoon collection~
A first for me on ihub in all these years.The eeso board had a negative -2 under favorites.Deletions are rampant.lol Bob :))
Now thats funny and BIG.I wonder if they predicted those phones would cause brain cancer like todays cells.lol Bob :))
Nice,Now thats a great one.Stop bye Saturday night.Lots of great tunes thrown out.
McKinley,Just for you:
Maybe,Mick is still rollin.Damn with a name like McKinley I should have had you visit Scranton for our annual St Patricks day parade day party.Third biggest in the country.Basically everyone gets loaded all weekend,bagpipes and all.Good for biz though.lol Bob :))
The car phone never really caught on.Their wasn't enough space.lol Bob :))
If only we could perform like he does when we are 54.The man's guitar playing is second to none.Watch my last post.I was lucky enough to see him twice.Bob :))
Angus Young Style(54 today)~
Angus Youngs birthday today turns 54 or maybe 53.
The Car Phone.Remember them?It was a actual home type phone in the car.
Money and Inflation 1980's
To provide an estimate of inflation we have given a guide to the value of $100 US Dollars for the first year in the decade to the equivalent in todays money
If you have $100 Converted from 1980 to 2005 it would be equivalent to $243.45 today
In 1980 a new house cost $68,714.00 and by 1989 was $120,00.00 Check Examples of Some of the Houses and Prices For Sale In The 80s in Our 80s Homes Section
In 1980 the average income per year was $19,170.00 and by 1989 was $27,210.00
In 1980 a gallon of gas was $1.19 and by 1989 was 97 cents
In 1980 the average cost of new car was $7,210.00 and by 1989 was $15,400.00
A few more prices from the 80's and how much things cost
Camero Coupe $7,571 From Car Prices in the 80's
Pontiac Grand AM $9,965
Nike Air Force Basketball Shoes $54.90
Tailored Style Silk Blouse $15.99 From Prices for clothes and fashions in the 80's
Amiga 500 with Color Monitor $849 From Our 80s Electrical and Electronic Prices in the 80's
Hands Free Operating Car Phone History of Mobile Phones $788
Leg O Lamb $2.19 per pound
Milk 85 cents 1/2 gallon From Our 80s Price of Food Section
Bunk Beds with Mattress $148
Chrome Sling Chair $76.00 From Our Furniture Prices Section in the 80's
Cheer Laundry Detergent $1.59
Miami Hurricanes(The U)Yes I am a fan and lived in South Florida at the time.http://en.wikipedia.org/wiki/Miami_Hurricanes_football
I hope so.I am hearing lots of small businesses complaining.I talked to a small business owner in my area today that sells lightbulbs to the malls/casino etc.He told me the same story I have been hearing.Credit lines reduced or closed.These companies he supplies have nets so he must put up the cash and wait.He delivers hundreds of bulbs at a time.Even my friend that owns a Jackson Hewitt is feeling it.A lot of businesses need the credit then pay it back.My lines were also dropped.To prepare for the summer it costs me 20k from feb to now.I am in fine shape but many I know are not.Kicker is Obama states low interest loans for biz is on the way.Since then the credit card companies/banks are freezing/cutting lines.It is not only business credit.Capital one is doing a across the board rate increase.Options are close the account and pay it off at the rate you had or suck it up and your rate will be 12 to 20 something %.I think the government better step into the credit card scammers(Bush gave them and the banks free rule).The middle class are the spenders who fuel the economy.Where is the middle class help???
You are correct.I live in the NE.Two companies closed down last two weeks eliminating 300 jobs.The Scranton times reduced their workforce 15% and I know of many other layoffs in my area.I thought we were leveling off.Jobs are still being lost and the credit card companies/banks are playing big games now.I personally know of 3 biz owners along with myself that have great credit.Certain companies are now cutting open lines or closing them all together.This happened last few weeks.Obama better address this issue as most small biz owners have credit lines.I hear no mention of obamas small biz loan package helping anyone.Almost seems like our government is trying to push the little guy to the ashes.My banker also tells me the fees to refinace a mortgage are also much higher than in the past.The middle class fuels the economy.Not seeing the help so far.
It is sad.I had a conversation with one of my friends today about the government now bailing out GM on their terms.Whats next?The government should be bailing out companies that know how to run a biz but the banks still won't loosen credit.Their are some great retailers/developers out their now that are doing ok.They may have to file bk because the banks won't restructure debt as they have for years.Instead our money is going to the aig/gm's of the world.It is not getting better for small biz either as far as credit loosening up.Actually its being taken away.Sad
Hey Bull/anyone,Do you know of a good ihub retail store/developer reit board?TY
Buckey:New Retirement Plan, the 401 Keg Plan
New Retirement Plan
If you had purchased $1,000.00 of AIG stock one year ago, it would now be worth $56.91. With Washington Mutual, you would have $120.36 left of the original $1,000.00 With 'Fannie Mae', you would have $11.34 left.
If you had purchased $1,000.00 of Lehman Bros one year ago it would now be almost worthless; less than $.86. If you had purchased RH Donelley, you would have $45.69 left.
But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00. Based on the above, the best current investment advice is to drink heavily and recycle. This is called the 401-Keg Plan.
New Retirement Plan, the 401 Keg Plan
New Retirement Plan
If you had purchased $1,000.00 of AIG stock one year ago, it would now be worth $56.91. With Washington Mutual, you would have $120.36 left of the original $1,000.00 With 'Fannie Mae', you would have $11.34 left.
If you had purchased $1,000.00 of Lehman Bros one year ago it would now be almost worthless; less than $.86. If you had purchased RH Donelley, you would have $45.69 left.
But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00. Based on the above, the best current investment advice is to drink heavily and recycle. This is called the 401-Keg Plan.
Jim,As per the last conference call with Jared eeso already started buying back shares at higher prices with more shares to be bought back.If I recall correctly 16/20 million.Also stated a monthly buyback was not out of the question.
Thanks,Pei and bont getting some action also.A friend I talked to today has been playing rhdc RH Donnelley since the mid teens.Closed today .31+.04.When you get a chance could you please post a chart?You have fans off ihub also.lol Thanks Bob :))
GGP .69+.13 One more financing issue with rouse and then bang.
GGP .68+.13
Polygamist,Just joking for the archived records.lol Bob :))
Hey Glassy,Go give GM some of that neom $$$.Nice
PEI is another good trader(technical)in the Mall developer area.Good swings with the markets while waiting on refinancing.Same with ggp.http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36059970
Throw GGP on watch.General Growth Avoids Chapter 11
Unpaid Debts Mount at Mall Owner, but Bondholders Continue Talking in Hopes of Greater Recovery.http://online.wsj.com/article/SB123842063675069619.html?ru=yahoo&mod=yahoo_hs http://investorshub.advfn.com/boards/read_msg.aspx?message_id=36513922 General Growth Properties Inc., struggling under a mountain of debt, said Monday that it latest effort to win a reprieve from bondholders had fallen short.
But a bankruptcy filing isn't imminent for the mall giant, according to people familiar with the matter, and General Growth's ability to remain out of bankruptcy shows the unusual dynamic between lenders and distressed companies in the recession-ravaged commercial-real-estate market.
Sally Ryan for The Wall Street Journal
Bondholders have refrained from forcing mall owner General Growth Properties into bankruptcy court, despite lack of a deal on a debt extension.
Under normal circumstances a company with as much past-due debt as General Growth would have been forced into Chapter 11 bankruptcy protection by now. Creditors so far have been willing to let deadlines pass because they believe there is little to be gained and much to be lost through a bankruptcy. General Growth's mall operations are stable and many bondholders hope for a greater recovery outside of bankruptcy court.
"This is really rare," said Kevin Starke, an analyst at CRT Capital Group LLC, a research company that tracks distressed securities. "It is corporate-bond limbo like I've never seen before."
With the credit market for real-estate deals frozen, there is little hope of General Growth selling enough malls or development land to pay off debts expected to reach $3 billion by June, according to the people familiar with the matter. Creditors also recognize that bankruptcy is a long, expensive and unpredictable process that could produce less of a payout then they would get by working out the problems outside of Chapter 11.
General Growth declined to comment on the standoff, but a spokesman said, "We continue working with our syndicate of lenders on our current debt situation."
Many creditors say that General Growth's management is doing a good job running the company. Its 200 U.S. malls, a portfolio second in size only to Simon Property Group Inc., generate enough cash to cover interest on the debt. But its properties are overleveraged and it lacks the borrowing capacity to retire those debts as their principal comes due.
"There's no question that General Growth is a liquidity issue," said Jeff Spector, an analyst with UBS AG. "The properties, for the most part, aren't broken."
General Growth, based in Chicago, isn't the only real-estate borrower that is getting a reprieve from its lenders these days. Hundreds of property owners have had loans come due without a repayment made in recent months. But most lenders have agreed to extend loan terms, hoping that the credit market will improve.
Often to win extensions, property owners have had to give up equity or agree to higher interest rates. Australian shopping-center owner Centro Properties Group, which owns 650 U.S. open-air shopping centers, last year sought one short-term extension after another.
Finally, in December, after nine extensions, it averted a liquidation by agreeing to eventually grant its lenders 90% of its stock in exchange for two- and three-year payment extensions on $7 billion of debt.
To be sure, General Growth may still be forced to seek bankruptcy protection soon. Trying to dig out from under $27 billion in debt, the company until this month has had the relative luxury of negotiating primarily with dozens of banks on more than $4 billion of past-due debt and debt that could become due because of other defaults.
General Growth became even more vulnerable after a March 16 deadline passed for repaying $395 million in bonds. Now, rather than dealing only with several dozen banks holding past-due debt, General Growth must negotiate with hundreds of bondholders. Some holders bought the bonds at face value and are hoping for a recovery. Others bought the bonds at depressed prices and might want to force a liquidation to receive a quicker payout.
On Monday, General Growth said that it concluded efforts to get holders of $2.25 billion of bonds to grant it a nine-month reprieve from paying principal and interest on those bonds. It had three times extended the deadline on its so-called "consent solicitation" because not enough bond holders signed up.
In exchange, General Growth offered the bondholders quarterly payments of 62.5 cents for every $1,000 of bonds, with interest accruing. But that offer wasn't accepted because many bondholders were unwilling to forfeit their ability to demand immediate payment for nine months, these people said. General Growth said Monday it continues to negotiate with the holdout bondholders.
The result is an unusual situation in which borrowers have allowed the due date for corporate bonds to pass without the issuer either paying them or filing for bankruptcy protection. Often when a company defaults on corporate bonds, bondholders will force an involuntary bankruptcy petition.
A person familiar with the bondholder talks said that, while some creditors are angry, none appears ready to insist on an involuntary bankruptcy petition yet. It is possible that bondholders didn't go along with the consent solicitation primarily because they feared that making such a pledge would reduce the value of their bonds.
General Growth has told lenders that they'll have more influence over the outcome if it restructures outside of bankruptcy court, according to people familiar with the talks. A bankruptcy filing could force the company to liquidate its assets for less than the whole company would be worth if it remained a single entity for the long term, these people said.
Another deterrent to an involuntary petition is that bankruptcy wouldn't bring immediate payment of General Growth's debts. "It's such a large company that the bankruptcy would definitely last at least a couple of years," said Heidi Sorvino, a lawyer leading the bankruptcy practice of law firm Smith, Gambrell & Russell LLP.
The timeframe could be shorter if General Growth did a prepackaged bankruptcy in which the creditors agree to terms prior to the company entering bankruptcy, Ms. Sorvino added. But wrangling so many creditors without the threat of a judge making and enforcing decisions is "almost impossible," she said.
General Growth's shares on Monday fell 17%, or 11 cents, to 55 cents in 4 p.m. composite trading on the New York Stock Exchange.
Sorry to hear Craig is finished posting.We really have all the info on the table now though.New investors just have do a little dd.Have a great evening.Bob:)
Check Mate.100% correct.Night
Yep,One of those situations when you wish you could beat someones sorry azz.Bob :))
Hi Jim/Janice Some nice friendly coversation going on this morning(lol).I take Saturday nights/Sunday off.Go listen to Music at the Music go round.Fun is a good thing on the net.
Journey~Don't stop believing~
I do not find any one funny.Except Carlin God bless his dirty ass soul.He would appreciate that.Thanks
Carma I Guess.Manfred Mann~Blinded by the light~