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VMware, Inc. Message Board

cbboog 12 posts  |  Last Activity: Jun 7, 2016 5:54 PM Member since: Apr 11, 1998
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  • Reply to


    by alexalekhine Jun 4, 2016 9:25 PM
    cbboog cbboog Jun 7, 2016 5:54 PM Flag

    Good analysis. The selling seems to have been overdone. Seems like a good buy in this price range.

    Sentiment: Buy

  • Did any one go to the annual meeting? Any interesting comments? Any insight into 1st quarter results?

  • cbboog cbboog May 26, 2016 11:03 AM Flag

    Fried in the pan! So much for resistance!

  • The reported reality was pretty dismal. On the other hand, the happy talk sounded usual.

  • Reply to

    "Humbled" indeed!

    by cbboog Mar 15, 2016 10:35 AM
    cbboog cbboog Apr 13, 2016 1:15 PM Flag

    Good question...does any one have the answer? A guess?

  • Reply to

    "Humbled" indeed!

    by cbboog Mar 15, 2016 10:35 AM
    cbboog cbboog Apr 7, 2016 3:34 PM Flag

    Is there anyone that thinks that the 1st quarter, now ended, can be anything other than a huge loss?

  • Reply to

    "Humbled" indeed!

    by cbboog Mar 15, 2016 10:35 AM
    cbboog cbboog Mar 15, 2016 4:40 PM Flag

    For the 1st quarter LUK will get to start with JEF's losses as reported today and then what? FCXM closed today @ $10.09 which is down about 40% from where it closed at the end of the previous quarter ($16.73). At 12.31.15 LUK valued its investment in FCXM @ $625.7 million. A 40% write down of this investment would result in a loss of about $250 million. Add that to JEF's loss and you get a pretax loss of over $400 million. Could that type of loss affect the value of the Deferred Tax Asset? Maybe that is why they are renegotiating the FCXM deal. Only time will tell, but we do know that National Beef and/or Berkadia, HRG, HOFD or any other combination of other investments will not come close to offsetting this expected huge loss in the 1st quarter for LUK. At his time the sale of National Beef would not do much good for LUK. As for trading at 50% of book value, could a write down of the JEF related Goodwill also be in the cards? At this point the JEF related Goodwill has to be suspect in a real sense if not in an accounting sense. So, LOL!

  • "Revenue tumbled by almost half from year ago to $299 million
    Trading results down 82% on stock, fixed-income decline

    Jefferies Group reported a fiscal first-quarter loss as revenue from trading stocks and bonds tumbled 82 percent, leaving Chief Executive Officer Richard Handler vowing to do better.
    The net loss, the firm’s first for a December-to-February period since 2008, was $166.8 million, the New York-based company said Tuesday in a statement. Revenue plunged by almost half from a year earlier to $299 million.

    “We are humbled by Jefferies’ quarterly loss and will strive to deliver the better results that our shareholders deserve and Jefferies is more than capable of achieving,” Handler, 54, said in the statement."

  • cbboog by cbboog Mar 11, 2016 10:14 AM Flag

    More bad news for LUK's 1st quarter: FXCM down in early trading by 25%. How will this affect the accounting magic for LUK?

  • Reply to

    4th quarter results: terrible

    by cbboog Feb 21, 2016 10:45 AM
    cbboog cbboog Mar 10, 2016 5:55 PM Flag

    Besides sitting on their cash, as you put it, they are also sitting on their mark to market holdings of KCG. So how did KCG do in the most recent quarter that ended 2.29.16? Down almost 20% ($10.57 down from $12.91 ). That alone should translate into a loss for JEF for this quarter of about $37 million. Maybe the overpaid wizards will overcome this loss with great operating earnings or maybe you will have to keep "...waiting for things to improve"...LOL!

  • cbboog cbboog Feb 22, 2016 9:15 AM Flag

    And how about Jefferies, how's that doing? And the investments that get marked to market, how have they been doing since the end of last year? Apparently nobody is responsible for the destruction of value since Ian left. Just keep the high salaries and bonuses going and do not hold any of the bonus babies responsible for anything bad.

  • 1st quarter could be worse. From LUK's press release regarding JEF: "New issue capital markets are barely open and Investment Banking deal flow is sparse, as many transactions are being delayed due to market conditions. Similar to most market participants, we are experiencing some meaningful markdowns in equity positions held in inventory." And what about LUK's major investments? "We anticipate continued volatility in the fair value adjustments for our investments in KCG (held at Jefferies), FXCM and HRG, which are all currently down from year-end. " Down from year end with a capital DOWN: KCG down 14.3%, FXCM down 29.53%, HRG down 17.4% and let's not forget HOFD down "only" 6%. That translates to starting the 1st quarter with an approximately $350 million pre tax deficit. And that does not include JEF"s "...meaningful markdowns in equity positions held in inventory." It seems as though the press release is preparing us for worse than terrible, to say nothing about Vitesse, Juneau or National Beef which are admittedly working through challenging conditions for their respective businesses. LOL!!!

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