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Berkshire Hathaway Inc. Message Board

davenport_mba 47 posts  |  Last Activity: Apr 16, 2014 11:53 PM Member since: Jun 18, 2010
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  • Reply to

    Why the new low?

    by quickkeeping1 Apr 16, 2014 5:06 PM
    davenport_mba davenport_mba Apr 16, 2014 11:53 PM Flag

    Yes. Your management manipulated you to buy this junk. You drank the kook Aid. Now they sold you out and took your money to Singapore. It would be their fault, except for one small thing... You drank the Kool Aid and denigrated all of those who tried to warn you in the process.

    Upshot: That's you manipulating yourself to your own demise!

  • Reply to

    Why the new low?

    by quickkeeping1 Apr 16, 2014 5:06 PM
    davenport_mba davenport_mba Apr 16, 2014 11:50 PM Flag

    No news? There has been nothing but BAD news! Are you kidding me?

  • davenport_mba davenport_mba Mar 27, 2014 10:41 AM Flag

    Fast forward 1 quarter later since you "loaded up." How much money have you lost? In retrospect, why did you think a bounce to $2.50 was a high probability? Why were you so wrong?

    You are number 10,000 to have done this kind of stupidity, so you are not alone. In fact, you have done it many times with this same stock. Why are you and so many others repeating the same mistakes over and over and over? I don't get it.

  • Reply to


    by strappedtoo Mar 21, 2014 12:38 PM
    davenport_mba davenport_mba Mar 24, 2014 6:22 PM Flag

    It is simple math. A dollar dividend is a dollar less the income taxes payable vs. a buyback at 70% book value is $1/.70 = $1.43. There difference to me as an investor buyback vs. dividend is almost 2 to 1 in favor of buyback. I'd love it while the stock is low priced if AIG used every excess capital dollar to buy back shares. That would cause a significant rise in the stock price, after which the discount to BV will disappear. At that point, a dividend increase will be just fine.

  • davenport_mba davenport_mba Mar 21, 2014 10:10 PM Flag

    So you found me out! How did you know it was black box software? I want to supress the price because I heard you hd bought shares. It is all a conspiracy against you. Ruthless? Yes. But effective. I also might stab your vodoo doll if you try to defeat me.

    One idiotic message deserves another.

  • Reply to

    BP Motion Denied Today

    by vikkitrader Feb 26, 2014 2:34 PM
    davenport_mba davenport_mba Feb 26, 2014 7:50 PM Flag


    Any comment on BP's stock price moving from the low 40's to the low 50's over the past year, and making investors look smart for equaling the S&P returns and getting a fat dividend on top?

  • Reply to

    I Need $4.92/Share

    by quickkeeping1 Feb 11, 2014 6:04 PM
    davenport_mba davenport_mba Feb 13, 2014 10:03 AM Flag

    Funny I heard the same Enrom/JCP buy out rumor. I heard they were upping the offer to $7 per share.

    You can verify for yourself and read the details at

  • Reply to

    I Need $4.92/Share

    by quickkeeping1 Feb 11, 2014 6:04 PM
    davenport_mba davenport_mba Feb 13, 2014 1:26 AM Flag

    ....and JCP might hit $200. ...and BBRY might see $100. ....and ENRON might be reborn and hit $1,000.

    Never say never. Dreams are for dreamers....

  • davenport_mba davenport_mba Feb 11, 2014 9:40 AM Flag

    Good idea about Gov't involvement.

    If the Government funds 90%, does placement, and oversight, the government should just take over COCO since it does not need the poor quality education nor the bad jailhouse management provided for $3M CEO salary and bribe illicit payoffs, lawsuits, consumer agency actions, etc.

    The Government can clean up this mess and kick the pigs to the curb or better yet find good jail cells for them where they can sell cigarettes and other contraband at inflated prices to other inmates. They are good at this anyway.

    Everyone wins. Sorry you won't. That's not our problem.

  • davenport_mba davenport_mba Feb 7, 2014 6:12 PM Flag

    ...and just in case you want to see for yourself, look up BlackRock Investment Advisor Holdings, and see where COCO places on the list of holdings. That's right, if you don't see it, you're in the right place. It is too small to even make the list. Just like when you file your taxes, you don't count pennies.

    BlackRock does not count pennies. It has $4T in assets. Their accountants probably tell them to get rid of these microscopic holdings every tax period saying it costs more in accounting and reporting than the assets are worth.

  • davenport_mba davenport_mba Feb 7, 2014 6:06 PM Flag

    Blackstone? The name is BlackRock.

    To put this in perspective, The BlackRock advisor fund is just one of many many funds BlackRock owns. Within that fund, they own $458M of Priceline, making Priceline 0.15% of the portfolio. They own under $10M of COCO.

    To put that in perspective, the COCO amount is about equivalent to a penny in the piggybank to a millionaire. Most of the trades they make in general and virtually 100% of the trades they make this small are computer generated algorythim trades. That means no intelligence behind the buy/sells except trivial portfolio balancing. Remember that COCO is less than 1/50 of Priceline holding which is only 0.15%. It's a penny in the piggybank of a millionaire. They don't even know they have it. They don't look at the pennies. They have a hard time tracking the $1,000 bills in their wallets. Make sense?

  • davenport_mba davenport_mba Feb 7, 2014 5:06 PM Flag

    Thank you. Finally a light bulb in a very dark room. Brain on, brain works. How refreshing. And you actually have a good financial sense. And you don't make and sell Kool Aid. We can actually have a meaningful discussion based on something other than Kool Aid fantasies.

    Can you give the others a lesson in Finance 101? I mean, are these people actually investing money with no knowledge of finance?

  • davenport_mba davenport_mba Feb 7, 2014 5:02 PM Flag

    Can everyone please learn to read a balance sheet, income statement and cashflow statement before making absurd assertions and giving out gold stars for other people's kool aid.

  • davenport_mba davenport_mba Feb 7, 2014 4:46 PM Flag

    Learn to read a balance sheet, income statement and cashflow statement before making such nonsense comments. There is no great cash flow, except the exodus of cash. Paying down debt has come at COCO's expense in other areas (off-balance sheet financing, short-term liabilities increasing, etc.

    What nonsense! Making your own Kool Aid and drinking with gusto. Did you hear management raving about cash-flow? NO! If they had great cash flow, the pimps would be selling it. If they even had the appearance of god cash flow, the illusion of cash flow, they'd still be pimping.

  • Reply to


    by davenport_mba Feb 6, 2014 5:23 PM
    davenport_mba davenport_mba Feb 7, 2014 4:42 PM Flag

    Utter complete nonsense! BlackRock owns $4T in assets. Other than large strategic purchases like Apple or Exxon, most of the funds by/sell decisions are run mostly by computer algorithms designed to balance sectors, etc. There is no way that anyone other than a couple junior people doing trivial stuff at BlackRock have any knowledge of COCO. COCO is the size of a ant in a stadium to BlackRock. They don't care. Only you see that ant and try to create a story that that ant is going to appear on National television and become a celebrity, just for being in the stadium. How ridiculous!

  • davenport_mba davenport_mba Feb 7, 2014 3:32 PM Flag

    I find no such Ichan information. If you have information please post a quote and/or link and site the source.

  • Reply to


    by davenport_mba Feb 6, 2014 5:23 PM
    davenport_mba davenport_mba Feb 7, 2014 10:19 AM Flag

    BlackRock is a well regarded good actor in a high trust industry, Finance.

    In the past two days, as usual and normal, two scathing articles including one in the LA times came out, virtually calling COCO criminal, unethical, dishonest, and a scam artist. Replace COCO in each case with the word BlackRock. Do you think Blackrock, in order to make at most a fraction of 1/8% more on a single fund (BlackRock has 4T in assets!) among many many funds, is going to be OK with its name and brand being tarnished and subject to endless congressional, public, and Government agency prosecution and slander.

    As smart as BlackRock is, they are just not that dumb. The idea that Blackrock would buy out COCO is just the dumbest most insane thing I've ever heard! Ever!

  • davenport_mba by davenport_mba Feb 6, 2014 5:23 PM Flag

    FACTS: Black Rock portfolio value: $296B. COCO value $113M. Black Rock owns less than $10M of COCO shares. 4/1000 of 1% of Black Rock's portfolio is invested in COCO. If Black Rock bought all of COCO with all its infinite liabilities, and COCO went up 3 times in value, it would not even add 1/8% to Black Rock's annual returns.

    Who cares? Black Rock does not care. When a dust particle lands on a horse, does a horse feel it? Only in dreamland do these fantasies come true. Play the lottery. Better odds.

  • Reply to

    Comparing to industry peers

    by money_money_more_money Feb 5, 2014 10:17 PM
    davenport_mba davenport_mba Feb 6, 2014 12:39 AM Flag

    Wrong. Already, COCO's new programs are not being approved by the DOE. Already, many States are disallowing marketing practices and enforcing tough disclosure standards. There are legislative proposals to make FPE companies to guarantee loans to students. COCO is talking about self funding $4-8M in loans that its 3rd party arm will no longer fund. All in all, $46M dropped to $32M in 6 months, and it won't take but a few of these minor issues (I'm not even talking about the majors like accreditation or funding) to push COCO into bankruptcy.

    Just the negative PR of a few more years of litigation will kill COCO. You can only make the front pages of the major newspapers for so long before nobody is going to go $50K in debt to be next on that page.

    Make sense?

  • Reply to


    by greenmarshcreek Feb 5, 2014 11:03 PM
    davenport_mba davenport_mba Feb 6, 2014 12:30 AM Flag


    You said it well "tiny turd." "...won't survive."

    The death spiral is obvious. 1. COCO was the worst actor in a bad industry. 2. COCO bought Heald at the peak of the market, draining all potential reserves and financial flexibility in the process. 3) When the mild form of regulatory oversight started several years ago, COCO was dismissive and abusive to the regulators, preferring to put band aid solutions on serious problems at every step.

    Eventually, the regulators had their day, and the serious States AG and consumer protection agencies all jumped in the frey to squash COCO's business practices which ended the enrollment party, and the rest is the $20 to $1 death spiral which ensued and which still has a dollar left before the end, Like Enron, the liabilities owed will be so much greater than the $32M in cash and other assets, the company is already technically bankrupt. It is only a question of time before the litigants get awards the company can't pay. Game over. No chance of a rebound. A lot like JCP and Blackberry, they exist today, but the future gravesite is already dug.

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