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re: Random Money/Business/Finance Thoughts Thread

Posted on 6/21/11 at 1:39 pm to
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/21/11 at 1:39 pm to
The one linked earlier looks like a joke. Your principals are some dude who tried to be a rodeo cowboy and some chick who graduated from LSU like 2 years ago. What "management training program" are they giving you that could possibly last "6 months up to two years."
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26705 posts
Posted on 6/21/11 at 1:46 pm to
I didn't even click on it, but damn they must get some all-stars working for em.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/21/11 at 1:52 pm to
Nice day on BP.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/21/11 at 1:55 pm to
RSBR I know you've been following this:

Paulson fund loses $500m on Sino stake LINK ][LINK]


I think you'd agree that its a bit bizarre that they would sell now, after all of the accusations and the back and forth. Three weeks ago they looked like they might be in the clear. You have to believe they found out some more stuff they did not like, it would not make any sense for them to drop it like its hot now.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/21/11 at 2:10 pm to
I actually haven't been following that one because my research was limited only to U.S.-listed securities and SINO is listed in Canada but only on the pinksheets here in the U.S.

Were they an RTO? If so, I'm surprised Paulson didn't exit sooner.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/21/11 at 2:16 pm to
Yeah, and Muddy Waters released a report a few weeks ago, you know, the same basic RTO fraud story. However, there were all these stories about MW marketing the report to hedge funds and such before making it public, so it made it look pretty shady. Then SINO came out and made some disclosures about their cash balance and such and it sounded like they had beaten back the MW report, but with Paulson selling now, I would have to think they found out something on their own which makes them not happy. I have not looked at their financials or anything, just read the news stories in passing interest.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/21/11 at 2:24 pm to
I've also found this recent asset manager run on IPOs to be...interesting:

TPG’s IPO Prospects Dim Even as Carlyle Heads to Public Exit LINK ][LINK]

I saw an article yesterday with Oaktree intending to go public soon, and Ackman saying he wanted to go public soon too.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/21/11 at 2:28 pm to
Interesting. Paulson may have just picked up on the fact that despite whether there's any truth to these allegations, there's a turd in the pool in the minds of most weak-stomached investors.

Muddy Waters and Citron have been doing pretty good soliciting fear with respect to Chinese RTOs. Literally all have targets on their backs. The founder of MW is no doubt a sketchy subject himself (a former disbarred attorney and only in his 20s), but he's got one of the funnest jobs on the planet right now, in my opinion. That's assuming he doesn't do anything to piss off the commies, I guess.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/21/11 at 2:35 pm to
Agreed on part 2, but I just don't understand why Paulson would sell now. The damage is done, the stock is already basically worthless. I just don't see why they would lock in losses unless they thought for sure that it was dead. 500M is a lot of money, even if your John Paulson. It makes me think that they're about to get the "ceo, cfo, auditor resign" parade and go boom for good.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/21/11 at 8:36 pm to
Samsung’s LCD Fridge With Apps Is A Fridge That Has An LCD And Apps LINK ][LINK]


quote:

there is an 8-inch Wi-Fi supported LCD screen that features a total of eight apps: Memos, Photos, Epicurious, Calendar, WeatherBug, AP, Pandora, and Twitter.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/21/11 at 10:20 pm to
I don't think I'd buy that even if I was in the NBA.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/24/11 at 11:11 am to
Cars 2: First Pixar Film to Score Below 70% on Rotten Tomatoes (So Far)

LINK
Posted by lynxcat
Member since Jan 2008
24970 posts
Posted on 6/24/11 at 11:21 am to
I thought Cars was pretty terrible...didn't have faith in this one either.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 6/24/11 at 11:29 am to
I loved the first one. There was a lot of under-the-surface humor that catered to older viewers.

It really is amazing how well every single Pixar film has done. It's a surprise, to me at least, that Cars 2 appears to be a bust.
This post was edited on 6/24/11 at 11:30 am
Posted by lynxcat
Member since Jan 2008
24970 posts
Posted on 6/24/11 at 11:30 am to
I expected a "meh" film...but I am surprised by the amount of hate on RT.
Posted by lynxcat
Member since Jan 2008
24970 posts
Posted on 6/25/11 at 1:11 am to
Covering some ground...getting close to finishing up the material. Then it will be MCQ over-and-over-and-over for the last week or so.

I plan on studying the last week before the test like I would for final exams....I'm going back to my spot from college and setting up camp.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/25/11 at 1:41 pm to
30 pages into "the big short" and I have laughed loudly twice. The people in the airport think I am insane.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 6/25/11 at 4:00 pm to
Flask, pick up "The Quants" next.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/25/11 at 4:59 pm to
Will do. I have a lot o reading time ahead of me.
Posted by Dapper Prince
Elysian Fields
Member since Aug 2010
135 posts
Posted on 6/25/11 at 5:01 pm to
quote:

Flask, pick up "The Quants" next.


is this a book about how to break into the field??
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