Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
google...'capital gains 2011' for more info..
http://www.heritage.org/research/Taxes/wm1891.cfm
Those who are CEMJQ millionaires or would be millionaires..
Tax Tips:
Note: I am no tax expert but I did some dd, so do your own..
1) Make sure you sell after 12months+1 day which becomes long-term investment. Use http://www.gainskeeper.com/ for better tracking of your portfolio..
2) Move to the state where no state income tax (8-10% gain) example, TX and WA.
3) Keep under $61,000 salary filing jointly. (15% bracket)
4) Sell your LT portfolio before 31-DEC-10 cause there is a law changing beginning 2011 unless congress passes extension of it. Capital Gains taxes will be backed to the rates of 2001
Venu
Dear Nervous Nellies,
At times I am nervous too, but I always go back to the basics and verify the logic 'The Numbers'
I put all five years balance sheet on the wall and I look at them to find out any holes in it. It calms me down when I see the numbers. Today morning I thought, if the market is smart then the stock should go up 'Parabolic' and funny my wife actually predicted 70 cents. It is very simple; market should look in the future not past.
Today Chemtura proved a point to all of us, i.e., the market is 'Smart' and it sees the value in the company. Remember today CEMJQ market cap is at around 180 million, if there is any doubt in the ‘market’ mind, that ' Cancellation of Shares', Chemtura market cap would be around 30-40million not at 180 million.
And remember we the Ihbbers are not the market definers, we are just followers. May be ‘CEMJQMILLIONARE’ and myself could bring down the price 10% any given day but other than that, everything is in BIG hands.
Beauty of the balance sheet: if you look at the balance sheet closely, they are cleaning it wisely, and compare it to ‘GRA’ balance sheet and see yourself, recently Cramer recommended ‘GRA’ which is in BK and negative book value.
The assets are soooo undervalued and the entire analyst community sees this and this is not Software Company, these assets are 3-4 times more valuable than shown on the books.
‘Asset sale’ or ‘Refinance the debt’ (since few month 20 billion went into bonds of the distressed companies: why do you think Chemtura’s bonds going up?). It does not matter, the market will brings the true value to the shares of Chemtura given time.
IMO, justifiable market cap is at least 1 billion for Chemtura..
All I care is ‘Share holder committee’ formation and which will happen some day, which will protect our rights..
GLTA
Venu
Me too buddy , I kept all the news, messages and end of the day stock alerts etc..
Long and strong..
Old news - reminder
http://www.freshplaza.com/news_detail.asp?id=37768
Goldman's history of Chemtura..
http://www.mffais.com/mffais-history-125469-cem
Traders Profit With Computers Set at High Speed
Interesting Article..
http://www.cnbc.com/id/32122827
Very good...
thanks..
Hey MC,
Did you sent your response? Just say yes or no. Mine went in today. I don't have pm.
Venu
Why do they want seal the docs? Interesting..
http://www.kccllc.net/documents/0911233/0911233090623000000000002.pdf
Especially I like....
That's one issue equity holders may raise at TXCO Resources, which listed assets of $432 million and debts of $323 million in its bankruptcy filing. Analyst Chris Pikul at investment bank Morgan Keegan says shareholders could emerge with a valuable stake in the reorganized company. The shares have been trading for less than 25 cents since the filing; he thinks they could be worth $1.50 to $5.
If above is true according to my accounting calculations CEMJQ would be around 6 dollars
Must read: Betting on the Equity in Bankrupt Companies
http://www.businessweek.com/magazine/content/09_25/b4136063169698.htm?campaign_id=rss_topStories
Here is wamu story
http://74.125.155.132/search?q=cache:j0i6Bal9DxgJ:www.wamuequity.org/equity-committee.html+equity+committee&cd=10&hl=en&ct=clnk&gl=us&client=firefox-a
and
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-01-2009/0005035922&EDATE=
and
http://bankruptcy.morrisjames.com/2007/05/articles/news/equity-committee-appointed-in-hancock-fabrics-case/
That is god damn big.. Just in two days my friend..Going to be very interesting and exiting cause either way we will know the clues to the puzzle from Chemtura..
Well I did not receive it yet. So what is our next move? and what is the letter content say?
Yep IMO somebody gulping Chemtura bonds for a reason and I think the Bonds are going for that reason.
Doe's anybody know how to find out, 'Chemtura Bonds Buyers?
What about Trian, (Between Trian and Edward) they got 20 M shares under their belt?
http://finance.aol.com/company/chemtura-corp/cemjq/nao/institutional-ownership
Am I seeing this right?
Insider buy after the BK?
Martin M. Hale bought 275,319 shares @.07 which comes around $20,511.00, Chemtura went .07 after BK only.
http://people.forbes.com/profile/martin-m-hale/17997
What Trian has 10.33 M shares and their partner Garden (Edward P)
has 9.91 M ??? of course his cost was 7.34 interesting
Venu
Doe's anybody know how to find out, 'Who is buying Chemtura Bonds?
Especially big guys..
Interesting
http://www.cnbc.com/id/31484359
Then it is good for Chemtura and US
Competition is good, IMO actually it is their best interest for Trian and ICC to bring the Chemtura out BK intact.
Trian would want to do everything under the radar.
Any news of them buying shares would create price increase of shares and bonds. They may be buying teaming up with another entity to escape legal issues and we might know in few months.
GLTA
Venu
Coincidently I was doing some research on this aspect since few days.
IMO at this juncture buying Chemtura's debt (Bonds) would make sense for big guys, as it is available at a steep discount. If you look at the 'SIRI' satellite radio, the same thing happened, when it was at the brink of bankruptcy.
For Trian, it does make sense to buy Chemtura's debt and eventually buying one of the assets of the chemtura. They do have experience of managing Wendy/Arby. All in all they can save few hundred millions if they do it right, and which can compensate the money they lost on the share price of Chemtura and eventually they can recover the money when the company comes out BK.
Venu
It is in the mail..
Good job my friend..
Count me in.
Thanks
Venu
I just saw your post, good job.
Best of the best scenario I am being too optimistic but logic is logic
Scenario 007: If the Share holders committee brings back the buyers to the table or any body interested in buying Chemtura can offer the price and BOD don’t have choice except to present the offer to the court, even if the price is 30-40% less than the $9 ( even though you guys don’t agree to the price )
Given the judge past ruling,
"Good business reasons exist for conducting the sale," Judge Gerber said.
http://www.nytimes.com/2006/06/28/business/media/28adelphia.html?_r=1
Let’s talk to Andre Danesh
GLTA
Venu
You are correct, after the bk it should be more than $9, I am up for that
well said
Hello my friend, I am ready, let's get the damn seat and sell the company for $9, then we can start our own FUND, LOL.
By the way share holders commitee would be huge for us..
Are the commons survive?
$9 offer rejected by BOD, this is amazing, so it is true that Chinese offer and it is true CEO comments before the bk that they will do asset sale. It is more comforting to know, somebody are interested in Chemutra assets.
Name of the game FBV ( Fair Book Value)
Company needs cash when it exists out of BK
Scenario 1: If the asset sale happens then the company will have enough cash to support itself and pay off DIP, and some debt or renegotiate, everybody is happy including ourselves.
Scenario2: If t here is no asset sale, then they need to present the court the correct FBV, which is more or less the same they have shown on the balance sheet. Well, we will be still happy campers and we suppose to get $1.40 around through warrants.
Scenario 3: If they take 250 million good will out and show the court FBV, which means we get lot less, which is still around 50 cents.
In the last two scenarios, we can sue the company for misrepresenting the FBV.
I am confident, after seeing the $9 offer story, there is no way commons get cancelled.
There are cases regarding the FBV, do some research..
Venu
Well guys I am joining you all this is my first post here.
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_C/threadview?m=te&bn=94585&tid=3236&mid=3236&tof=1&frt=2#3236
Venu