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Post# of 795527
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NobodyFromNowhere

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NobodyFromNowhere

Re: stockprofitter post# 324000

Friday, 12/18/2015 9:12:55 AM

Friday, December 18, 2015 9:12:55 AM

Post# of 795527
Fairholme = 3rd Avenue = Put up the Gates

Get out while you can before the gates officially go up.

fairholme will be closing most likely. Probably have to put up gates. There is no market for the pfd's anymore, so they can't even sell.

Very irresponsible to run an open ended mutual fund that holds illiquid securities.

Depends on how many redemptions they get. Most likely the reason they sold their AIG stake. They knew they were going to need cash to meet redemptions.

This is going to get very ugly.
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