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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

    Comparing to industry peers

    by money_money_more_money Feb 5, 2014 10:17 PM
    davenport_mba davenport_mba Feb 6, 2014 12:21 AM Flag

    Money:

    I'll repeat my prior post here on the topic of CECO and peers relative to COCO.

    There is a huge difference in these stocks. For example, CECO has $600M in cash. COCO has $37M by last count. CECO can weather 15 times more litigation/settlements than COCO.

    Unfortunately, the company with the least cash, COCO, faces the most litigation. COCO has no ability to negotiate settlements with any of the close to 50 states AG and all the other entities which have filed suit. So its only option is to litigate over and over and over for years hoping that its small cash balance will be enough to pay the legal bills.

    If that were not enough, COCO is the sole FPE company that has been borderline having to post a $100M+ financial bond. As its cash and stock price deteriorates, this is likely to trigger the bond posting which will collapse the company.

    COCO has more hurt and less resources than any other public FPE company. That's why we can single out COCO as the ultimate loser Less

  • Reply to

    CC Details

    by liamsnooky Feb 5, 2014 4:33 PM
    davenport_mba davenport_mba Feb 5, 2014 6:59 PM Flag

    Short squeeze? Brilliant? You lost 8% today, 20%+ in one month! What's brilliant about that?

  • Reply to

    AM I MISSING SOMETHING?

    by davenport_mba Feb 5, 2014 3:24 PM
    davenport_mba davenport_mba Feb 5, 2014 6:57 PM Flag

    Enterpriser. Yes. You got it. Per Massimo, "enrollments are flat except for a temporary problem with our new system." Does he not read the front page of the newspapers? Ever watch 60 minutes or Frontline? Enrollments are down for far more obvious reasons!

    If Apple saw the Iphone decline 15% in sales, do you think Tim Cook would be so dumb to say that demand is flat except for our new accounts receivable system?

  • Reply to

    Heald worth 250 to 300 mill

    by clean_06905 Jan 29, 2014 2:55 PM
    davenport_mba davenport_mba Feb 5, 2014 6:52 PM Flag

    Massimo sold you the nasty Kool Aid. Now you're so addicted, you're creating your own. Private Equity? Are you kidding? Private equity is not in the litigation business. They are not going to risk their billion dollar portfolios over a penny stock business caught in decades of litigation and turmoil.

  • Reply to

    DAVENPORT OUT OF GAS

    by fernmann7 Feb 5, 2014 4:24 PM
    davenport_mba davenport_mba Feb 5, 2014 6:48 PM Flag

    Idiot? Who lost 8% today? Who lost over 20% this year?

    It gives a whole new meaning to the term idiot doesn't it?

  • davenport_mba davenport_mba Feb 5, 2014 6:17 PM Flag

    BofA bought Countywide. How did that work out? This is worse.

  • Reply to

    CC Details

    by liamsnooky Feb 5, 2014 4:33 PM
    davenport_mba davenport_mba Feb 5, 2014 6:15 PM Flag

    Bits and pieces? I heard the entire conference call.

    Massimo spins every negative as if a little band aid will cover yet another massive blow to the head. What a dreamer. He thinks we are all that dumb.

    As for results, declining revenue, declining enrollment, mounting lawsuits, ugly pending regulatory changes, horrible press continuing and increasing....what more do you think counts? The fact that COCO trimmed expenses faster than the decline? That's going to save a company in free fall? That's the same as a ski diver whose parachute won't open, but he just reported tossing his wallet and sunglasses to lighten up and he decreased his speed of impact, so the turnaround is going well.

    Stop making ridiculous comments. Even the spin master, Massimo, does not say such stupid things. Stop making your own Kool Aid and trying to sell it to others.

  • Reply to

    CC Details

    by liamsnooky Feb 5, 2014 4:33 PM
    davenport_mba davenport_mba Feb 5, 2014 5:34 PM Flag

    COCO has $32M in cash! That's it! $32M away from BK? What else do you need to know?

    With huge liabilities pending, see the laundry list of lawsuits too many to mention here, the game is over here.

    Anyone thinking they are making a few pennies or the stock chart looks good or anything other than how in the hell they are going to survive on $32M is just insane. One successful lawsuit or one bad quarter and it is over!

  • davenport_mba by davenport_mba Feb 5, 2014 4:36 PM Flag

    OK I get it. This quarter saw massive developments all signaling the worst is over. To wit:

    1. Warning and investigation from the Consumer Financial Protection Bureau.
    2. 8 States AG announced lawsuits against COCO.
    3. A former Devry student with $90K in student loan debt sat in Obama's box at the State of the Union addreess.
    4. COCO had a massive decline in enrollment and revenues.

    Any idiot can see from all these recent positive developments that the worst is over and it is going to be all rosy from here.

  • Reply to

    Buying blocks today.

    by longtimefollower Feb 5, 2014 4:08 PM
    davenport_mba davenport_mba Feb 5, 2014 4:19 PM Flag

    Why no buyout? Review Countrywide (CW). BofA bought CW for $4B, and after taking billions in losses, just settled for $8.5B more. This company has more liabilities than assets!

  • davenport_mba davenport_mba Feb 5, 2014 4:11 PM Flag

    Yea I missed the bottom of Enron too. Bummer!

  • davenport_mba davenport_mba Feb 5, 2014 3:57 PM Flag

    CECO? I did not know that COCO had a European division it was selling. Wow you are way ahead of the market, and COCO management. Are you going to create the Euro division yourself?

  • Reply to

    AM I MISSING SOMETHING?

    by davenport_mba Feb 5, 2014 3:24 PM
    davenport_mba davenport_mba Feb 5, 2014 3:50 PM Flag

    I missed so many bottoms and got caught in so many surges, I can't count. Maybe you can go back in the board posting history and count how many bottoms I missed then tell me that many times. Make sense?

  • davenport_mba by davenport_mba Feb 5, 2014 3:24 PM Flag

    I don't care who owns this stock. Who cares? I don't care about short squeezes; investing for a short squeeze is stupid times 10. I don't care about what management says on their sick conference calls. Why?

    Pull up a simple chart, one month of COCO vs. SPY, - 20% vs.- 7% for SPY, one year, -40% vs. + 20%, two year -60% vs. +30%, five year -90% vs. +100%. What else do I need to know? A review of this board shows that at each new interval low or high, the same bullish comments and arguments were presented.

    AM I MISSING SOMETHING? Wrong is wrong! The cycle repeats, and repeats, and repeated again today, only to have a new cycle of stupidity start yet again. WHAT AM I MISSING?

  • Reply to

    COCO Stopped The Bleeding....

    by jugheadzbt Feb 5, 2014 12:49 PM
    davenport_mba davenport_mba Feb 5, 2014 3:18 PM Flag

    Keep drinking your Kool Aid. At least you feel good about your losses.

  • davenport_mba davenport_mba Feb 5, 2014 10:46 AM Flag

    Look at JCP. Same good numbers and stock falls. Investors don't like good numbers in a losing company. Period!

  • Reply to

    a buck 29

    by facts_are_facts_are Feb 5, 2014 10:42 AM
    davenport_mba davenport_mba Feb 5, 2014 10:44 AM Flag

    I thought you decided COCO was a falling knife.

    Now you are back brewing your own Kool Aid. Another batch? Some people learn by failing. Some keep failing. Learning never happens. Which one are you?

  • Reply to

    COCO is STILL worth more than CECO.

    by waytoogoodforwords Nov 5, 2013 9:38 AM
    davenport_mba davenport_mba Feb 5, 2014 10:32 AM Flag

    Waytoo:

    I'll repeat my prior post on this topic. Reading helps.

    There is a huge difference in these stocks. For example, CECO has $600M in cash. COCO has $37M by last count. CECO can weather 15 times more litigation/settlements than COCO.

    Unfortunately, the company with the least cash, COCO, faces the most litigation. COCO has no ability to negotiate settlements with any of the close to 50 states AG and all the other entities which have filed suit. So its only option is to litigate over and over and over for years hoping that its small cash balance will be enough to pay the legal bills.

    If that were not enough, COCO is the sole FPE company that has been borderline having to post a $100M+ financial bond. As its cash and stock price deteriorates, this is likely to trigger the bond posting which will collapse the company.

    COCO has more hurt and less resources than any other public FPE company. That's why we can single out COCO as the ultimate loser

  • Reply to

    Earnings Report Next Wednesday

    by quickkeeping1 Jan 30, 2014 5:46 PM
    davenport_mba davenport_mba Jan 31, 2014 11:20 AM Flag

    If COCO has to post a financial bond, the stock could easily fall 33% in a day or more. Last we knew, COCO barely escaped posting a bond twice. When you live on the edge, it is easy to fall off the cliff.

  • davenport_mba davenport_mba Jan 30, 2014 12:49 PM Flag

    Enterpriser: Oh, you noticed that little detail too.

    I'd give us credit, but come on, how do you NOT notice these details!

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