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Started By
Message
re: EXXI - hitting new lows everyday
Posted on 10/3/14 at 2:08 pm to LSURussian
Posted on 10/3/14 at 2:08 pm to LSURussian
Over $5 below tangible book value.
When? Suggestion and why?
When? Suggestion and why?
1
Posted on 10/3/14 at 3:17 pm to Iowa Golfer
Posted on 10/3/14 at 3:44 pm to Iowa Golfer
Bass is a fairly big name in Dallas and in the hedge fund world.
Posted on 10/8/14 at 8:58 am to sneakytiger
9.46 this morning.
Down another 4.5%.
Where is the bottom for this stock?
Down another 4.5%.
Where is the bottom for this stock?
Posted on 10/8/14 at 10:10 am to poule deau
quote:
9.46 this morning.
8.75 now. I mean damn, there most be something none of us know.
ETA: Bankruptcy?
ETA (Again): 8.46 now.
This post was edited on 10/8/14 at 10:19 am
Posted on 10/8/14 at 10:28 am to OnTheBrink
I'm still waiting to buy. I didn't think their quick ratio was horrible, but I'm with you, it looks as if everyone knows something except the public.
Posted on 10/8/14 at 10:34 am to Iowa Golfer
One of their latest investor presentations refers to plans to delever through selling "non-core" GOM assets and refinancing some 9 1/4 notes. Maybe those plans aren't going so well with crude prices and junk debt doing what they've been doing.
Posted on 10/8/14 at 11:28 am to sneakytiger
We watched a video on the housing bubble in my finance class at LSU, and it had a small bit in Bass. It talked about how he purchased insurance on mortgage backed securities after he figured out the crash was coming. Forgot exactly how much he made on that, but I remember hearing something like 600% ROI. So what's his play on this now? This stock is nose diving today.
Eta: Here's that video I was talking about. It's a bigger documentary, but here is the section on Bass. LINK
Eta: Here's that video I was talking about. It's a bigger documentary, but here is the section on Bass. LINK
This post was edited on 10/8/14 at 11:48 am
Posted on 10/8/14 at 1:11 pm to mkibod1
EXXI is trading below its reserve value...the market is punishing small-mid cap exploration companies right now. Probably because of their debt loads coupled with commodity price declines.
Posted on 10/8/14 at 1:18 pm to cwill
Gotcha. But I take it Bass and Co are loading up on this?
Posted on 10/8/14 at 1:20 pm to mkibod1
On EXXI? I don't think Bass plays the equity markets on a single stock basis.
Posted on 10/8/14 at 1:22 pm to cwill
Golfer and Sneaky were talking about him above. In the link Sneaky provided, it looks like Bass and his management company are making a move on EXXI.
Posted on 10/8/14 at 1:28 pm to mkibod1
bought again today at 8.56
Posted on 10/8/14 at 1:31 pm to yellowfin
quote:
bought again today at 8.56
I wish I would have when I posted earlier. I have been watching because of this thread, just scared to pull the trigger.
Posted on 10/8/14 at 1:33 pm to mkibod1
shite, looks like he is making a raid...will be interesting to see how active he gets with management.
Posted on 10/8/14 at 1:37 pm to OnTheBrink
I still down pretty bad from the 3 purchases I've made but I can wait
Posted on 10/8/14 at 1:43 pm to yellowfin
I bought some more today. It is what it is, and I'm in.
Posted on 10/8/14 at 1:43 pm to yellowfin
I'll have a little change Friday. If it's somehow still single digits, I'm gonna try to pick some up.
Posted on 10/8/14 at 2:13 pm to mkibod1
It seems to be an educated risk to buy. Who knows though?
Posted on 10/8/14 at 2:19 pm to Iowa Golfer
That original ownership filing you linked above represented that Bass/Hayman acquired some 93,866,877 shares, or in other words, 100% of the outstanding common shares according to EXXI's latest proxy 
Probably just a frick up, but maybe a sign of things to come? It was amended yesterday. LINK
Probably just a frick up, but maybe a sign of things to come? It was amended yesterday. LINK
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