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Fingers crossed the BK scenario described in this link can be somewhat applied to Intelsat shareholder's current predicament. I understand that the debts are indeed higher than the company's asset value. BUT, we all know Tepper's push for Chap11 was more strategic than anything else. https://assets.empirefinancialresearch.com/static/this-embattled-stock-is-a-potential-nine-bagger-in-waiting-3264.html
Gonna share this link with the folks over on the Intelsat board. Not sure if the BK scenario will apply to that company's current situation. But if it does... those shares may be ripe for some big gains. They just went into chap11 and delisted to the otc... but it was a strategic move on the part of the largest shareholders. Currently trading at .18.
As for FNF, fingers crossed on this one as well. Been trading here since 2013 and currently holding long to see if we make any headway this year. ;)
You called it hermanito! FnF shot right out of their pants today! lol
Was gonna start following this board, but too much negativity for a stock that's up almost 500% since its Covid low. Btw, holding long on .25 and .38 buys. Hoping for 2.00 before the end of 2020.
Had issues getting my buys to go through on the reg TD app, had to jump over to thinkorswim, but got my orders filled at .201 and .205.
Fingers crossed for some good old fashioned otc MM pump n dumps! :D
I marked it earlier. Great job! :D
Definitely bring yourself up to speed if you have any $$ on the line with this stock. Appoloossa, Tepper's "house," owns enough shares to make a difference in which way this company goes. Right now, I feel he's pushing for chapter 11 in order to restructure debt as well as force the FCC's hand. But, I'm not sure where that leaves us. Intelsat could indeed be delisted and drop into trading OTC. But there are other massive companies worth more than Intelsat trading there (think Fannie and Freddie) so that doesn't bother me as much as possibly having our shares cancelled as part of the chapter 11 strategy. If they try that mess, I'm afraid I'll be spending even more money in legal fees in an effort to protect my investment. Gonna need to be very watchful on the developments from this point forward because Tepper can make things happen while protecting his interests... and flushing ours.
Are you friggin high, or a multiple personality. My very first comment was that Tepper was behind the bankruptcy and you came back with some bull about my thinking he wanted to zero out his shares... which is a far cry from Tepper wanting Intelsat to go Chapter 11 for multiple reasons. Now you're agreeing with me that Tepper was behind the bankruptcy? I'm done with this thread. You're absolutely ridiculous. Doesn't matter that we're both shareholders and on the same side, you seem to wanna disagree to just disgree... then agree without agreeing. Like I said, friggin ridiculous.
Man, whatever makes you feel good and helps you sleep at night. I'm hoping the BK helps reduce I's debt while not costing me my shares. But I am, unlike you, are under no delusion that Tepper didn't push for this. A simple googling of the key words "dave tepper recommends intelsat bankruptcy" should be enough to cover my position on this matter... mister.
All that said, my hopes are that they will have made their point and drop the BK once they've achieved their goal.
As for all the bagholders reading this thread, good luck. I hope we see some roi sooner than later.
Appoloossa sees it as a strategy. How Tepper protects their stake will definitely be different than the way we'll need to protect ours.
Did you open the link and read? Are you saying SpaceNews has it wrong?
LOD .33, .50 last I checked. How's your "investment" going?
Where's KeeKee? Would like to hear their spin right now. Btw, I am indeed a bag holder and will gladly join any lawsuit if/when they eliminate my shares. Feel free to update me if anyone else intends to do the same.
2 things I'm fairly certain of: I'm prepared to load a bunch more fnf if they fall below 1.50.
AND, Freddie is currently taking steps to position their overhead to be more attractive to investors in anticipation of being released in 2020.
I'm not saying release is a sure thing this year, but Freddie management believes it's coming and have recently done another round of layoffs and buyout packages for pricey employees... word at the Jones Branch campus is that release is the motivator for this recent shake up in personnel.
Thanks for posting. Especially nice to see it stated in 2020 literature.
So, what's up with fcel wanting to vote on adding an additional 112,000,000 shares in April?
And yet, it's down another 10% on average volume. Will be under 3 tomorrow... if not afterhours. smdh
Yeah, neither can Tesla, Facebook or most of the rest of market today. lmao
Diana Oleck, while talking about mortgage interest rates on Squawk, even through in a little blurb on FnF "...which seems to moving closer to an exit from conservatorship. "
Gotta love the optimistic reporting! Picked up a few more shares this morning.
So glad I added on the premarket dip. The gains brought my little portfolio back to green territory... considering the rest of my holdings are in temporary market sell off mode. :)
500 from 50,000 isn't gonna affect you much as fcel works its way up throughout 2020.
You can count on shortie to make your wish come true... but maybe not at the lower support levels that you've seen of late.
I'm not comparing fcel to Tesla in the sense of business success, but when Tesla sp blasted off there was no chasing that stock. It went from 36 to 68 in like a day, then back to the 50's briefly then into the hundreds.
I suspect 2020 will be the year fcel does something similar, albiet to a much lesser degree.
Try not to be in a position to chase fcel!
Wanting short-term gains of 5 or 6 is cool. I'm parking my shares and waiting till I see the high teens or better.
Litchfield makes enough sense for me to simply be patient.
https://seekingalpha.com/instablog/38824-paul-litchfield/5406284-right-value-for-intelsat?v=1581396999
Btw, just picked up another small block at 2.98 today
Interesting reading for Intelsat on Paul Litchfield's blog. Positive stuff, but also check out other helpful 'Author's Reply' info in the comment section. gltlongs
https://seekingalpha.com/instablog/38824-paul-litchfield/5406284-right-value-for-intelsat?v=1581396999
You sir, are very observant. I'm hoping my observations lead us back to 20 in 2020. Time will tell, but just getting back into the teens will be a win for those of us who bought in this current range. glt... us!
Look at nlok go. May strategy was to simply by after the divy and hold on to my 12buck ps. Now I'm starting to wish I bought some shares in my Roth pre exdiv. Oh well, at least I got it half right. glta
Truth be told, I would have made a whole lot more green if I would have simply held my 7.50 shares till now rather then bouncing in and out of pcg, try to time when to hold'em and when to fold'em. Considering I sold out at just under 14, I'm left hoping for a greedy short raid to let buy back my shared for what I sold them for. PCG will be in the high 20's later this year... if not sooner.
Btw, howbout Shakira and JLo in the halftime show? That was my favorite part of those 3 hours.
Meh. Don't waste ur $$ on a fortune teller. Either buy or don't buy... that's your 50/50.
My logic is that anyone who buys at this price will not lose if they simply wait. If they're looking to make a quick flip? Well, they may find themselves chasing artificial pops, like yesterday's, and beating themselves up because they didn't "time it right."
Picked some up at 3 on Tuesday, some more yesterday afterhours in the 3.60's. May even pick up some more on another short raid.
"Buffett" this stock and you won't lose.
Thanks for posting
Good post for the new speculators hoping on board. I took advantage of the short raid that dropped so down below 3 yesterday and am better off for it. Hoping I gets a fair outcome and we see high teens in the next few months... or by Q4 2020. glta
Love it!
I think shorts can take this stock to 1.70 as easily they brought it to 2.02 today. I'm not saying they will, but have some $$ set aside if they do. See it as an opportunity... there were people on this board yesterday wishing they had bought in the 2.30 range. Well, they got their wish, and then some!
Btw, at one point I lost $35K in profit today bit took the "opportunity" to load up while it was down. This bouncing betty took me back up to the 2.40's where I evened back out and unloaded. Just bought back in at 2.22, but not a lot. I'm counting on another shortie strike to hook me up with some sub 2 shares. We'll be up big later this year... but most folks here barely see a week forward much less 2 or 3 quarters down the road. Well, time to partake. Good luck!
Looks like they were successful in borrowing enough shares to cause a little mayhem in the premarket. Think we'll bounce back by week's end?
I'll take some of these cheap shares! Thanks profit takers!
Btw, to put things in perspective, fcel just surpassed Freddie Mac (fmcc) in premarket trading... which was at $1 last January and has tripled in sp with no real news. Fcel has a quite a bit of news coming our way this year and I have no doubt, despite any short-term profit taking, that we'll see the same type of jump in sp throughout 2020... only bigger.
GLTA
3.20 at 5:20am?! Man,I slept in compared to a Few of you guys! lol.
Good luck to all you longs today. And for all the new Fcelers, keep buying cause 2020 is just getting started!
That would be nice. It would also be nice if fcel could surpass plug by next week.