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.
Serafino1, I am in the same boat, grandchildren wise, as my 3 kids all decided at 40 years old to give us 3 grandchildren, 2 boys and a girl. That's where a good amount, of anything from this, will be going.
VOD I'm sure that truth be told the majority of people on here are the same as you and I, 1 Coop and lots of escrow. By the end of March I think its all over.
IMHO there is no way this stock jumps from a $50.00 stock to a $70.00 stock on just that Q4 earnings report. Someone knows something and it isn't us.
ck, sounds like a good plot for ncis wamu. lol
Samurai, good point. All flavors of escrow are gone from my TDA acct. also. I find it impossible that this is how they end it. I think if we are getting stiffed again the hedgies will have papers filed by end of the day.
Stokjock I agree with you 100% there. I however would not have invested anything in the markets. I wish I had never been sucked into these BK stocks. My biggest mistake was when I hit big on Visteon right out of the gate and thought hey I'm a genius and then chased Kodak, jcpenny and a few others. I have no doubt that if I had taken the 1 hour a day I spend on here and applied that time to my business, I'd be way further ahead. Greed makes you do stupid things, but I've also gotten a very expensive lesson in how this corrupt market works. From now on if I want to throw a grand away I'll go to Oaklawn and watch the pretty horses.
Mad you are absolutely right. Good for everyone from the hedgies to the BOD and also the DC opportunists, that made money off this with all this inside information. Looks like everybody's making money on this except me. LOL
T I'm not an accountant or even close but couldn't this zero out for escrow be true today and if or when it has value you just amend your taxes on it.
I am of the opinion that all the large share buy days are just the MM's etc. bouncing shares between them, to make a market. yeah right that's what they are supposed to do right. And along the way if they steal our shares, oh well they are making a market.
Bbanbob I tend to agree with you on our ole friend Az, although I have nothing to back that belief up with. I know that I represent myself as who I am, as do the majority of posters on this board. I wish him all the best if he is who he says he is and has made all the right moves in this thing to his financial benefit.
Bbanbob I think you are 100% correct on the bailing if there is a dilution. Heck half of us, including me, have bailed over the years for various reasons as it is. Some have worked to build their Coop shares back, like our millionaire friend from the southwest, but I just have not been able to get past the stench of this whole operation. I'll be the first to admit that if anything comes back to escrow I'm gonna cash out and run for the hills. So hedgies, BOD or who ever reads this if you want my shares GET IT DONE.
Ckaufman, regarding a nefarious outcome I tend to agree with you. These people, including the politicians are the highest degree of thieves. I used to be at 50/50 on a positive outcome for us on escrow, but I'm down to about 10% now. This is my opinion only and not a commentary on all the great research done by other posters.
Willie I've had the same feeling for many years. It goes along with Dimon's wimpy strategy of investing. I'll gladly pay you tomorrow for a hamburger, or in this case a bank, today. Just push everything off until the black swan event that makes it, and us all disappear. Alright that's enough of the bunker mentality. I'm generally not this pessimistic but I think I spent to much time on the phone with my brother this weekend. He keeps telling me he has room in the compound for me and mine, just not ready to give up on this country yet.
To all here I apologize to any Sussman family and friends for the insensitive remarks I made about his passing. It was a very bad attempt at humor. As a rule I make it a point to not talk ill of the dearly departed, and I should have thought that one thru before I posted. I realize in ole Az's absence the board might need someone to jump on and I can take what ever is posted, so have at it. I'm sure Az is enjoying his time away and will return when he something pertinent to add here, as I do like reading all his comments whether they are grounded in reality, fiction or somewhere in between.
DB4, now I remember. He fell off his bicycle. Guess that beats falling off a skyscraper like a dozen or so JPM employees did. Maybe the skyscraper routine was getting to old and they had to update the process.
DB4 thanks for your response yesterday. That is info I was not aware of and greatly appreciated. I'll just shut up and go back to lurking. Thanks again.
Db4 while I respect what you, and LG, are saying we all know that there is no proof that coop must act by EOY. Regarding escrow didn't some one say a few years back that they had escrow, maybe in Enron, not sure, that expired worthless after many years. I'm not very inclined to delay things with another lawyer try but what do you think it would cost to place a full page ad in the WSJ asking Jay and company how they plan on using our 600 billion. I've always done things out of the box, not with lawyers. I remember another local business that owed me 16K a while back and had no intention of paying me. I sat in the bar next to his business every night asking everyone who would listen especially the bartenders, did anyone know if so and so next door was going out of business. After a week his wife was at my door with a check. There are ways to get results outside of the lines.
W3 wasn't there a guy named, I think, Garfield that did some research on this mess. I think he was also a lawyer. I'm on board if we all come together on a plan. At this point there's nothing to loose except a little more money, but if it helps blow this thing up, I'm in. Thanks.
Bbanbob regarding Tepper I know what you are saying ,but I'm sure that Tepper has 6 ways to Kevin Bacon to be holding a sizable position in this. just my observation. my simplistic view on escrow is why should my brother who bought shares in Coop last week benefit the same way as me, an original Wamu holder. Coop as the answer just doesn't seem to jive with me. my opinion only.
Serafino I couldn't agree with you more. I will admit that I have done zero in the way of DD on this investment, so its just a lottery play for me. no harm no foul either way, but I also will admit that I have foolishly made some personal business decisions based on my pending millionaire status lol. A few years back I had to come back to the reality that the political/financial systems in this country are stacked against most of us. Safe seas and watch out for those pirates.
Jhd I understand completely and am sure that I have invested with many crooks over the years. I think if or when any proceeds come from this I will keep my investments local. Both stocks,land and cash. While I don't particularly like the mgmt. of Dillards, it has done good for me. Thanks
jhd, I have the same strategy of investing as Serafino. I don't knowingly invest with crooks. Being a shrewd and even ruthless competitor in the world of capitalism does not mean you have to be a crook. I've done things over the years, to my competitors, that put several of them out of business. I never once did it in a dishonest or criminal way, the way Dimon does business. I even bought one of them out when everyone said I was a fool and should just take everything when he folds. That's how to maintain a good reputation over 40 some years in the same business. OK that's enough of my whine, gonna go get some cheese and crackers to go with it.
Pick I agree 100% on the NDA and Its my opinion only that had we all had the info available to us, regardless of our level of resources, we would have made different choices. As far as doing the DD work to know what to invest in I have to admit that's not my strategy. I know its the lazy way to invest but I invest with company's I personally know and understand thru my various businesses. Company's that appear to me to be ethical and straight forward with there customers and employees/shareholders. I am sure that naïve way of investing has cost me a fortune over the years, but it helps me sleep at night. I don't fault anyone for making money any which way they can, in the market, as that's what its there for right.
Lex I must have missed that one. Must have been on a day I was working my real job. Thanks
Pick I hadn't even thought about the NDA business. I think that if we all had been privy to that info it might have changed our investments strategy here. Not sure exactly what constitutes insider trading but it seems there should be some splaining to do with that one. Lodas also have to agree with a lot of what you say. Also on a final note, and to really stir up the pot. We have never been encouraged to buy Wmih/Coop all these years as that's not anyones business to do, but now we are encouraged to witness the million dollar achievement. I'm not smart enough to realize that Coop is the tell means put everything you have into Coop because I've seen behind the curtain. OK back to the showroom floor.
Dark you are absolutely correct. everyone on this board is an unknown and credibility on here should be afforded accordingly. In respect to Mr. Az, I have very much enjoyed reading his extensive DD over the years. Lately I have been a little disheartened by what I perceive as this shift to you all should have bought Coop all along and when escrow goes to sht you only have yourself to blame. That is my perception only and I hope I am wrong, but that's my problem. I;ve also come to realize that there are only so many ways you can say escrow is gonna make us rich and without these other directions there would be nothing keeping us in this holding pattern. Not trying to diminish anyone's efforts, as I know I have contributed nothing to these discussions. Please don't everyone jump on me at once,as I am no where near the seasoned investors, as some of you are, just a get your hands dirty furniture guy.
Serafino you are a very astute man.
Tdeank1, join the club. I think a lot of us did that very same thing , over the years for various reason. Our choice, our decision. I think a lot of posters are just afraid to admit it and be classified as fools for not becoming millionaires. In hindsight, we would all be ahead financially if we would have keep and/or added to our holding in this gem. For me that would of required a case of tums to stomach being involved with these crooks more so than the escrow I am forced to look at every day.
Serafino you are a smart man. If it wasn't for my daughter being born I'd probably be out there with you. Only got thru 2 years at merchant marine academy in NY, then life happened. safe travels.
Still I've had that opinion for quite a while. If you didn't throw more money at these thieves then don't blame anyone for your lack of F & R. Seems to mean that we are being conditioned to believe that its our own fault, when escrows come back at pennies and we all don't become millionaires. I have held my tongue on this for several months, not wanting to deal with the back lash that I know will follow. This is an opinion only and not a condemnation of anyones beliefs. Please take it easy on me, Im just a simple furniture guy and I know I don't have the smarts that many of you have in the investment arena. Ill come back in an hour and give everyone a chance to pile on.LOL
Wowalter just to be clear this guy was no friend or relative of mine. Just a neighbor in an industrial complex I had property in. I was able to get thru to the old lady thru her children up in Oregon and that's what put a stop to him. Unfortunately it was to late.
Up, just to clarify. I am calling myself the a hole, not anyone on this board.lol
Bbanbob, thanks for the response. I took a similar path as you with the exception that I took the money, bought and sold a commercial property and split the profits 3 ways between my children to be used as deposits to purchase their first homes. A decision I have no regrets over. I do agree that Coop will be a monster company. Just have not, as of yet, gotten past the bad taste I have for these companies to the point that I can invest in them.
Bbanbob, a personal question and I will understand completely if you choose not to answer. Have you been adding Coop shares to your portfolio in the last couple of years. I have posted my status several times that I have not, and I'm sure I will regret it at some point in the future.TIA
Az thanks
Bbanbob very good point and thanks for that reminder. It gives me something else to consider.
Az I agree with you that Coop has the potential to be a behemoth in the mortgage industry and I understand why you have your back up with all the negative comments here this am started by b3. I am definitely not pointing fingers, as I do appreciate the dd you have provided to us here. From a financial stand point I'm sure I could invest 100k here and double my money in the next several years. Unfortunately that would require that I get over my disgust for all the parties involved here.(meaning Coop, KKr, etc not MB posters). I will continue to wait and watch board and if any actions, by escrow holders are formulated in the future, I am on board.
Bbanbob thanks for that simplistic answer as to greed and I don't mean that as being condescending. I'm afraid that these seasoned firms like KKR etc. are smarter than that and realize what greed can do to them. My opinion only. I am generally optimistic by nature, but am starting to have real doubts we will ever see a resolution here. Going to go wait on a customer and get back to reality.
Az, Im sure most of us agree with you that there are substantial assets tucked away here. Todays pessimistic post are out of these years of frustrations. I myself am not a seasoned investor as some of you are. I got into stocks, at the beginning, as I sat bored in my furniture showroom waiting on customers. If this turns out to be a complete wash out my financial future is still intact, all though I must admit that I incorrectly have made some long term business decisions based on my million dollar lottery pick here. I don't know anything about Alice or if her legal attempts were genuine or not, or just a warning shot to keep us at bay. I do agree with Olti that if we don't see anything soon we try to develop a strategy to blow this thing wide open.
Bbanbob I understand your point completely. I just need to ask one question. why do they need to get rid of us. We are just a flea on the backs of their holdings. With so many billions of dollars ready to explode any day, do they really need the extra 173 million??(just a number with no DD please). I'm beginning to worry that its not about the money. I think they know that they cant ever let the cat out of the bag, as someone will re-create the theft scenario they followed. Can they just keep us in stalemate for ever.