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VMware, Inc. Message Board

cbboog 7 posts  |  Last Activity: May 5, 2016 1:58 PM Member since: Apr 11, 1998
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  • 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 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!

  • 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 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?

  • "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."

  • 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?

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