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.
DDIC guy? If yes then thanks for being here. Pumpers here are crazy.
So, that's after 4 years. We are close on our own destination to make it easy for everyone to access our value!
didn't understand what you meant to say even though u're name is so popular out there. But yes, that's true.
Please disregard my other post. I did not read more of your messages! Thanks for sharing.
Do you know how much the bonds are trading? The ones right above equity? If they're not in the same range as pennies are..then something's cooking. But even in that case, they may still want to take everything and not want equity to get anything. Did you follow WMIH bankrupty? There were so much hopes during 2010 and 2011. Lot of hopes. Those hopes may turn out to be true as equity got something and anniversary is coming. But what I'm saying is be cautious. Its not as you see from outside. Think from different perspective. Think from the view of the ones above you. What would want them to give you something as a current shareholder? Can't they not twist and tweak and prolong and drain the confidence that general shareholders have. Main question is, is it time yet to be in, if there is some chance? If you are not in yet, I'd suggest wait for that period. If you're in now, you'll probably make a lot more in the future or lose with the confidence that you have on your facts. I don't know. This side of investing is crazy and scary but certainly rewarding, if it comes out to be as expected. May be read some chapter 11 articles, just to refresh yourself. Lots of articles, just have to search the right way. I'm also learning and its the learning that I have achieved that I can question this much.
I understand the difference. Type error.
So you the hype or eyphoria when you say it was okay to buy WMIH in early 08?
Do you know what is the debt structure? Forget about when it will move. Right now you are in the reverse motion. I.e. bankruptcy. Unless and until everyone above you are paid, there is no chance of equity getting anything. Equity may get something, but do you know how much the company would be worth if it is sold today? If Kodak is Honda Accord car and you are the owner of the car, but you owe banks and credit cards money to repay the money you took from them. When you took money from them, you put your car as a collateral. Lets assume your car is in perfectly running condition. You sell the car quickly because the car you have give 40 miles per gallon and gas price is too high at lets say, 5 bucks a gallon.
Now, you sell the car and you get lets say 15k. Now you pay lets say, 10K- your loan amount. You are still getting 5k.
But senario 2 is - lets say your car is only worth 9k. This is because you were in a small accident and the prospective buyer checked vehicle report and found that out. Now how much you're left with?
So, the conclusion is, even though you may be heavily invested or lightly invested, did you find out what kodak has is sellabe? Are you sure whatever they have is not broke or anything? Again, forget about the price per share of Kodak. First find out how much money is going away to seniors and how Kodak can provide those money to the seniors. Also, during DIP, I think someone gave a lot of money -around 500 million or more. Do you know the terms and conditions of that loan structure? Its similar to lets say, your car has been taken by the bank because you did not pay the monthly premium, however, for work purpose, you're renting another car. To rent the car, you're taking another loan from someone. That is another burden. In this car vs owner of the car concept- when compared to you as a shareholder of Kodak..you = many many people who hold Kodak shares.
Experts around here..please clarify my understanding of the case.
This is absolutely true. Now I wonder, instead of wasting so much money and time in this market as a fucking trader, why didn't I buy those BOOKS and read before even starting my first trade. But luckily, I am slowly understanding. Thanks to ppl like yourself for educating the fools.
could you please explain a little further?
"ex: when Mirant went bancrupt in 2006, shares were converted to some intermediary listed bancrupcy shares for a year so there was a"chain of custody to follow" to tie capital gains to capital losses on the same original basis."
Any recommended book for distressed debt investing? Thank you in advance!
preying the fools..keep up pumper
Thanks for the infos. This board is filled mostly with hyper optimism, sort of scary or even questionable. There are many like me who know very little. Even though when I bought before the halt, I thought I made a good effort to value this company. I honestly agree that I screwed up by not discounting the management. Luckily, I did not have a lot of money put on this.
QUITE A LOT OF NEW POSTERZ.
shortie
Are you gselevator in twitter and also have the blog?
If so then what's below is so true.
The fact that most people are too stupid to know how dumb they really are is the fabric holding our society together.
And they want to do it quick within 90 days..
Once the Chapter 11 process is complete, which we anticipate will be in approximately 90 days, School Specialty may be a privately-owned company and may no longer be publicly traded.
So, by April, more or less we'll know what happens to the current holders! Lots of upside vs downside...I'll throw in beer money
Their answer opting towards sale of the company, rather than reorg..
2. What value will School Specialty’s common stock have in the future?
School Specialty cannot predict what the ultimate value of its securities may be and whether holders of the common stock will receive any distribution in the sale and Chapter 11 process[color=red][/color].
What's your take with the gradual unloading of stocks and the progress in the case. Is the unloading of stocks automatic you think, some number every day? If yes, why bother about 1.5 cents a share when they bought the shares much higher. I mean, at this point, they're already writing off majority of their investments..hope my question made sense. What do you think will happen with the unloading of stocks if there is progress made by stalking horse bidders? I read it somewhere (it was in Value investors club) that according to some survey, the auction where there are competitive groups, stalking horse bid goes up 40% of original price and more time the Debtors have is better. So, that is something to feel good about.
yes, understood..with that statement I was referring to some scenes from the TV show called "storage war". But I also feel the same as you mentioned. Just funny to say that way..
I read somewhere that the winner of the bidding war is always a loser!
hope is not a good word in investing though!
Your thoughts on where Arna will be by end of 2013? TIA
"What's intriguing to me is that GDXJ chased this pretty hard all during '12 - that speaks to Van Eck seeing these assets as being extremely undervalued at much much higher prices. Sucks to be them and have to sell them now."
so true. Not sure what made them to invest in the company otherwise. It is so hard to predict the sentiment. I think there are few facts here that we should not ignore- my facts are not accurate but just a summary type
1. GBG has crashed very hard. In 2012, it lost its value a lot before going on halt.
2. The halt was frustrating to many. They could not sell, could not buy. It was an upside down. Even the ones that were shorting have been confused as they were stuck. I don't think a single person enjoyed the halt session. So, coming out of halt, lots of selling.
So, my question is - if we forget the halt part, what has changed in the company when it was at 8 cents ( 45MM market cap ) vs now when it is at 1.48 cents (8 MM market cap).
Any thoughts?
yes. Lets wait now
Link -
http://www.theenergyreport.com/pub/na/14374
So if investors are looking for safe assets because they want to go to bed rich and wake up rich, is the safer bet to go into a producing company versus an explorer?
BM: You need a mix. The shares that will go up the most are the ones that are apparently the riskiest. There are producing miners that you can do well in, but if you want a real perfect example, look at Kinross Gold Corp. (K:TSX; KGC:NYSE) or Great Basin Gold Ltd. (GBG:TSX; GBG:NYSE.A). Great Basin Gold runs the Hollister mine in Nevada. It's the highest-grade gold mine in the world, but it's losing money. If people are determined, they can always screw it up. The same tenets apply to oil and gas investment.
And in this link, this guy talks about the situation we are in - we're in a business that was run by fools. Even though Buffett says, buy business even a fool can run.
If it gets revised to a better number, we should be greener than green and that's what I also thought the numbers would come up! Hope it does! Glad that its gold and not chickens or tires.
if you don't care to answer, what's your take on GBG going forward, lets say by the end of 2013?
true. Will see how it goes! But I have to admit my mistake. Gold is not my in my knowledge area. Peace!
This is probably my last penny stock involvement. Going forward, I'm gonna look for solid companies like Ross, Lowe's, CostCo etc. Too much for simple minds.
If you don't mind would you please share your thoughts on the longer term prospect of this? When I bought this right before the shares halted few months ago..i had gone through their recent Q transcript and it sounded like the company was highly undervalued..i just did not pay attention to the huge fact - the screwed up management! I think Management screwed this up royally! they probably didn't know what they were doing. but past is gone. what is next? i still feel that gold being similar to cash..is a great asset to have in anyone's balance sheet. any thoughts?
what is your experience in your location? Can you all go and check Lowe's, CostCo, Walmart and see how these products are selling, if they're selling? This is the easiest way to do group research and be thankful to ourselves for not making unnecessary mistakes!
I like this company as a brand. I live in Northern Cali. Here you can find there product in CostCo and not sure where else but I think I have seen it some other places too like Wal Mart, Lowe's and Office Depot. And If I remember, they were the only water related products sold in there. I bought one at 100 bucks, 5 gallon. However, the water started to leak after I changed my first 5 gallon water and installed a new one. My carpets wet at the shop and it continued to happen for 2 days. then i checked, and found water leakage from the white pipe. So, this is my experience. I need to go back to CostCo and have it changed. I don't know how many people have suffered this? If I am the only one or few people who are having this kind of bad experience, this company will thrive..else they'll bust! Anyone knows how their returns are?
Ok. Keep doing that for the next couple of weeks! Do you have that kind of a patience?
The best thing you can do, keep yourself away from the computer or the screen of your stock account. Come back in couple of weeks and you'll see where it flies! Hope to see some insider trades soon!
While the company is worth millions of dollars. The whole transaction until now this morning is no more than $30K. So, these are just the scared one, going after the next big thing!
Thanks, give me more! I'll take all that you have. You can go and be relieved!!
Let the dust settle..i.e. the fearful ones, the irritated ones and the angry ones, move on. Plenty of upside. They have real gold. Hold on tight for the ride of some time.
not my words..found this here - http://www.safalniveshak.com/