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iStar Financial Inc. Message Board

  • tscottrade tscottrade Apr 10, 2009 1:18 PM Flag

    News for 'SFI' - (*DJ S&P Puts iStar Fincl BB Sr Unsecured Rtg On Watch Neg >SFI)

    News for 'SFI' - (*DJ S&P Puts iStar Fincl BB Sr Unsecured Rtg On Watch Neg >SFI)


    ha HA He hoooooooo told you all but didnt listen to me

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    • "My last recollection of a reccomendation that you made was to buy treasuries."

      When? Where?

      For myself, I swapped from Treasuries to AGG, back on Dec 20 2008, or so.

      Are there any mREITs you are long or reccomend?

      Not at the moment. As a class they have issues with Asset quality, and inflexible balance sheets.

      The agency players, are profitable right now, but are being set up for disaster in a few years should interest rates rise.

      "Are there any operating REITs you are long or reccomend?"

      Yes.

      "Are there any other stocks at all that you are long or reccomend?"

      Yes.

    • "FU too Short scammer."

      Ahhh Jizzy, providing so much evidence of intelligent life.

      "Anyway, S&P just downgraded CLP to junk and their stock responded by jumping 30%, so S&P rating isn't always a good barometer of how the company is really doing."

      And the stock price is "a good barometer of how the company is really doing"?

      The stock price merely represents what the most optimistic (and perhaps unsoundly optimistic) people in the market are willing to pay.

      Nothing more than that should be read into price action.

      "Anybody posting on so many boards is delirious and psycho in my mind and shouldn't be taken seriously"

      Jizzy, my MO is to follow you around.

      So methinks people in glass houses shouldn't throw stones.

      Boo-Yah?

    • DA,

      My last recollection of a reccomendation that you made was to buy treasuries. (Now it may be that you have made other reccomendations on boards that I don't frequent.) However, treasury yields have creeped up since then, sending prices down.

      Are there any mREITs you are long or reccomend?
      Are there any operating REITs you are long or reccomend?
      Are there any other stocks at all that you are long or reccomend?

      Or is SJ correct in that you merely post negative thoughts without actually making any investments?

    • Don't worry about that idiot, not once has he had anything worthwhile to say. S&P is negative about all financials. Their report is based on thier ephiphany that up to 6B of iStar's assets could become troubled. WTF is that? Is troubled the new NPA lingo? Could be? Management says 20-25%. Another 10% on watch. S&P 'thinks' that it 'could be' 60%. Hmmm, who to believe, Sugarman and iStar, or S&P and Dividendaristocrap.

      In Q1, some NPA's were resolved with no loss and no intervention from SFI. There's been no other significant, unexpected news on additional NPL's that were not already expected. There have been numerous other 'upgrades' in overall ratings, with the exception of unsecured bonds, but that's not unexpected with the new tender offer. DUH. No need to rehash all the other positive events, but I agree with you, I think S&P being overly cautious on the sector in general, and way off base in their analysis of SFI, as it is not a technical analysis, but more of a what-if, could-be, might-happen kind of BS. In a couple weeks or so when we are at 5, 6 or 7 bucks, they'll probably announce a ratings neutral outlook. They're always late to the party.

      But I suppose someone needs to motivate the shorts, spammers, and other bottom feeders.

      -J

    • <Let's be clear, S&P reaffirmed thier negative outlook on SFI because nonperforming assets are increasing and because "recoveries on those assets will deteriorate considerably"

      Boo-YAH!!>

      FU too Short scammer. This stock has tripled since you were bashing in it Feb when Moody's downgraded them to Junk. Boooooyyyyyaaaahhh that Ahole. I submit that you disappear from here until and unless it gets back to the 80cents where it traded when you were bashing it. As I said, you have lost this round.

      You can post that Seeking Alpha profile all you want. Anybody who was long as of the date of that profile (mid 2008) is likely down as of today - including you with your disastrous calls on CBF, GNV, LSE, KCAP & ABR to name a few.

      S&P's rating proves nothing other than they are a "prospective" rater and are unwilling to change their view until and unless they get new information. And neither you nor them will have any new information until the company reports again. Most important, their information is "static" and does not take into account the multitude of Gov't & fed programs (TARP, PPIP, TALF, etc) that may provide some relief to SFI's obligors by later this year. S&P is working on the old paradigm. Anyway, S&P just downgraded CLP to junk and their stock responded by jumping 30%, so S&P rating isn't always a good barometer of how the company is really doing.

      Just how many boards do you work a day these days anyway. In recent days, I've seen you on RAS, RSO, GKK, MPG, DDR, SFI, AINV, NCT, MAC, KIM to name a few posting the same short bile. Anybody posting on so many boards is delirious and psycho in my mind and shouldn't be taken seriously. They must have cut your pay from a dime a post to a nickel a post<LMAO>. Anyway your abysmal record in recent weeks regarding shorting SFI, MAC, GKK, RSO, DDR & AINV speaks for itself.

    • "Here is a sampling of my recent record"

      http://seekingalpha.com/author/brian-king

      "DA: SFI has almost tripled since Feb when you were trashing it big time. You've lost this round. Go back to the SRS board you sychophant."

      Brian, did your fancy education prepare you to use big words properly?

      I don't think so.

      (Brian, If you had any idea how **obvious** it is when you try to act more intelligent than you really are you wouldn't do it so much)

      "maybe, just maybe"

      How long must we sing this song?

      Let's be clear, S&P reaffirmed thier negative outlook on SFI because nonperforming assets are increasing and because "recoveries on those assets will deteriorate considerably"

      Boo-YAH!!

    • <But feel free to add to your $1.20 short position with your $3.63 double down, if you like...
      lol...jw>

      JW, You can IG that idiot. He is a disgruntled short basher who has been pumping that ultra short scam SRS, and who has been VERY wrong lately as all his short calls have gone south. Significantly, SFI common has almost tripled since early Feb when the basher was trashing the company big time. If you go to the following boards in recent weeks (AINV, KIM, DDR, RSO, MAC & GKK), you will see the basher has been trashing those stocks as well. Like SFI, they have all either doubled or sometimes tripled since he has been bashing them in the past few months.

      What does that tell you: It tells me he is a lonely sychophant grasping at straws. A Roubini, Soros type who spouts gloom & doom and is incapable of seeing that months and months of Gov't action (TARP, PPIP, TALF, 0% Fed Funds rate, TLGF, $800B stimulus package) maybe, just maybe will turn the worm ever so slowly, and help to staunch the maturity default NPA issue at SFI.

      Here is a sampling of his recent record:

      http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_I/threadview?m=tm&bn=16373&tid=20389&mid=20389&tof=1&frt=2

      http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_R/threadview?m=tm&bn=15171&tid=63341&mid=82168&tof=17&frt=2

      DA: SFI has almost tripled since Feb when you were trashing it big time. You've lost this round. Go back to the SRS board you sychophant.

    • <ha HA He hoooooooo told you all but didnt listen to me>

      You have got to be FIN kidding. That is the best you got: A "warning" that one of the 3 ratings agencies may downgrade a company already regarded as junk, after the common has pretty much doubled in the month since the refi went through. I guess there is junk, junkie, junkier and junkiest<LMAO>. I guess you haven't noticed, but since S&P first downgraded SFI's debt to junk late last year, the common is up 300% and since Moody's junked them in Feb 2009, the common is up 200%.

      Don't kid yourself. This means didlesquat. As has been pointed out before on this forum, SFI has passed the terminal mindset on the street, and its common stock is trading at or higher than every CRE/CMBS out there, including a few whose debt hasn't been junked. At any rate, next week will depend more on what GS, JPM, MS and C report for 1Q2009, as opposed to what S&P may or may not due in response to what is clearly an ingenious strategy by SFI to play bond holders off each other to strengthen the Balance Sheet another notch. If these companies pull another WFC and all report robust profits and solid RE dynamics, you better have a strategy to exit your short before your account is decimated like holders of short ETFs like SKF, SRS, et al.

      GL to you. I think you are going to need it.

      • 1 Reply to smoothjazz0204
      • It's difficult not to be reminded of the rating agencies' role in the whole collapse of credit. For the most part they seem to have escaped reaponsibility in allowing the creation of all kinds of AAA credit instruments that never should have been... So, you have to wonder what their corporate mindsets might be now... Over reaction on the downside so they'll not be criticized again for being asleep at the switch? Would it not be easier for them to explain a future upgrade because they over-reacted on the down? The most likely corporate mandate today woud be to be overly conservative instead of risking additional exposure to criticism for inflated ratings.

    • really multialiass scamboy? Care to show the post?

      DrEd

    • Works for me. More incentive to trade the unsecured and more incentive for lower buyback.

      I checked this since there was no link, it is correct and from 4-10.

      DrEd

 
SFI
13.29+0.3900(+3.02%)Dec 18 3:59 PMEST