Replies to post #277944 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Paki Assassination Attempts and Belgian Pipeline Explosion

Acting Pakistani Prime Minister Survives Assassination Attempt

Earlier today, Pakistan's Acting Prime Minister Shaukat Aziz survived an assassination attempt while campaigning in the central Punjab province. According to Geo television, two people were killed, including the candidate's driver. "According to a Reuters report, "As he (Aziz) came out of a public meeting, there was a blast. Many people have been wounded. Some also died. But with the grace of God he is safe and sound." Aziz, currently the Minister of Finance, was campaigning for an election to be held on August 18.

30 July 2004 - Homicide Bombers Strike in Uzbechistan; blasts near US, Israeli Embassy, and Uzbech General Prosecutor's office. All American and Israeli embassy employees are reported safe after homicide bombers set off explosions near the two embassies earlier today in the Uzbech capital. A third blast targeted the Uzbech General Prosecutor's office.

30 July 2004 - Jihadis React to Pipeline Explosion in Belgium
"Allah Akbar! A huge explosion shakes Belgium and a state of emergency is declared." That was the reaction posted on the Arabic language Reform forum, known to be frequented by Al Qaeda sympathizers, this morning. The cause of the explosion on the pipeline, which injured over 100 people and killed at least 15, is still under investigation, but is believed to have been caused by a pipe leaking. The explosion comes two days after a statement threatening Europe was issued by Abu Hafs Masry Brigade. (Last night Abu Hafs Masry disavowed the statement; it is unknown which statenents are authentic and which ones, if any, are fake.) Earlier this month, Western Holland and parts of Belgium were placed on higher alert. (See article here.) At the time, Dutch Interior Minister Johan Remkes confirmed that the threat level had been lifted on July 9.


Execution killing in a Sofia restaurant

The Slavia elite garden restaurant in Sofia was the venue of an execution killing at noon on Friday. According to initial eyewitness reports six people were killed and several injured but the exact numbers have not been officially confirmed. Eyewitnesses said that the attackers were two men clad in something that resembled police uniforms. They entered the restaurant, fired and left the scene in a black car of an unidentified make. Two injured persons are reported in critical condition in the emergency ward of the Military Medical Academy. According to unconfirmed reports, one of those killed is Milcho Bonev, a key figure in the once-influential shady insurance group SIC and the other five were his guards.

[Zeev Hed]

I wonder about that DCB as well. COO, yup, was a good time to buy... a class act, but that is a big acquisition, and expensive too, OCLR free cash flow is around $30 MM and sales around $300 MM payng a billion plus is rich, and I think that in a bad market that could cause problems (They will have to borrow most of the $600 MM in cash and add 10 MM shares), they will end up with a negative book value as well. That is enough to take COO from the core, not because it may not print a new high again, it might, but because that creates a fragile balance sheet which could become problematic and eventually force some major "special charges" in the future. I just removed the third position off for the bucker, and will use additional ramps to get out.