I took a lost this time, Moody`s is rating them for default, I have to believe it because the Doral never announced the U.S mainland sale which should have been announced already, the U.S mainland sale was more important then the PR lawsuit, good luck everyone
Red stated this: The judge didn't rule to protect the Puerto Rican people, that's ridiculous and not the role of a judge, ,ME:,, Doral was found innocent and won, the judge did her job which protected a company and a thousand employees jobs who are Puerto Ricans. Now Red stated this: the judge herself in her ruling stated that she had to rule in favour of Doral, despite her recognition of the deteriorating situation of the island finances,, ME, the judge knew that PR wanted to Nullify the 230 million because of PR financial conditions and that the PR treasury had no grounds to nullify a legal agreement. The judge knows Doral had copies of checks paid to the PR IRS and the PR Treasury had no records and of course they are not going to say they have records of Doral paying to nullify a legal contract. The judge told Doral and the PR Treasury to fix the issue before going to court. It was published that the PR treasury would give 600 million in resellable tax vouchers with a 250 million tax credit, that was a dead give away the PR treasury lost and the judge knew it. This will not make it to the PR Supreme Court. Its a done deal and PR lost
I held on believing Doral sold the U.S mainland properties which Doral said they would announce 2 months ago, that leads me to believe the sell never went through or Doral would have announced it. For Doral to receive an LDF by a rating company is more then a 50/50 chance of default, but I wish everyone here the best of luck and hope they brings out good news for you soon.
and why did the treasury ask Doral for proof that they paid the taxes since the treasury doesn't keep records? Also Doral had copies of every check they sent to the IRS in PR that they cashed but the Treasury just didn't have any records of it. Seems like the slimy PR Treasury could use some help from Doral on bookkeeping since the PR treasury doesn't know how.
I know some of you were here in 2009 to 2011 when oil tanked and GS and others bought cheap oil and rented tankers to store oil in, we used to call the ocean the place of floating oil storage. With cheap oil prices they could be repeating the 2009 to 2011 again keeping oil out at sea so land inventory doesn't get to high helping drive up oil prices. Oil at sea is not included in inventory reports. Now regarding shipping stocks that I would never buy. I bought for my first time just recently. I cant tell you which shipping stock would be the best so I bought DRYS , its a cheap stock and they just diluted them by a offering but the CEO bought 80 Million dollars worth at a 1.40, that's a lot of money for a CEO to spend on a company he runs. I am betting he saw this coming and shipping rates will go up to help shipping companies. DRYS releases their earnings after closing today, if it goes up it has to be due to renting out ships to store oil in, what do you guys think? and this is not a recommendation to buy shipping stocks, it was something I did.
They did this last year, tank gold then the Chinese buy it up at low prices for Chinese New Years, they buy 2 months in advance, then comes India gold buyers for weddings, that part I never understood why gold is such a big deal for weddings in India, good luck everyone
its benny, hows that 150,000 shares of PBR treating you? only down a little over a million, that will be a great tax write
Investigation was done, Doral WON and PR LOST, a highly respected PR judge made that decision to protect the people of PR and not a corrupt government. You just make false claims like the bank will not exist from a gut feeling without proof.
heres some great news, Brazil downgrades coming,hehehehe,,, Rate hikes are used to control inflation. However, rate hikes also curb economic activity. Brazilian exchange and stock markets have been volatile since Dilma Rousseff’s re-election victory. Investor expectations are tied to more business-friendly policies coming from her under the threat of a credit downgrade.
To avoid a credit downgrade, Rousseff’s new economic team may also need to tighten the federal budget. A decrease in public spending would also help ease inflationary pressures. However, the electoral mandate of Rousseff’s Worker’s Party advocates public spending. Rousseff’s government may find themselves in a catch-22 situation if and when they face a credit downgrade.
That type of report was the least encouraging report their was, if they had any asset sales it would have been mentioned, even the PR lawsuit which is in Doral favor is not enough to get the bank out of trouble. The biggest cause of this was the Caribbean news stated a REIT was buying the real estate assets for a little over 700 million, that never happen. I am real happy I got out but the best of luck to you who gamble with Doral, o and even the Preferred Shares become worthless when the FDIC seizes this bank
Be careful listening to Julianandreev and holywallst has they clearly stated buying 15 million dollars worth of shares back over the next 12 months
With a market capitalization of about $274 million, the company said Monday it would buyback $15 million of its American Depositary shares and its Chief Executive Ganesh Kumar Bangah said he'll acquire up to $500,000 in shares over the next 12 months.
The CEO is Ganesh Bangah who is president of the company , the CFO is Allen Wong is the Financial Officer who resign for personal reasons, if the company was a scam who in there right mind would take the new position of CFO? The CEO didn't resign. But thanks for the cheap shares this was a bargain, have to love that nut Muddy Waters who never gets investigated. The only Asian company he called right was Sino Forest which got delisted, all the other Asian stocks that muddy waters called a scam made it to new highs. Remember Muddy Waters even called Ailibaba a scam, look it up, good luck everyone
Even though crude inventory build is 3.2 million barrels, Gasoline decline is 3.7 million barrels and Distillate declined 3 million barrels, that would be bullish on oil buying, but remember the EIA repor comes out tomorrow,,, Oct. 24, the American Petroleum Institute reported late Tuesday, according to reports. The trade group said gasoline supplies declined by 3.7 million barrels, and stockpiles of distillates fell by 3 million barrels. The API report comes a day ahead of the more closely watched report from the Energy Information Administration. Analysts polled by Platts expect the EIA an increase for crude supplies of 2.8 million barrels in the week.
Sold a third at 5.10 last week then just sold the rest this morning at 3.98, but I made far more on DRL then my lose, I should have listen to Red on that stock, good luck everyone
Sept 28 a Sunday Red thinks MTL is trash, the 29th in went up a couple of pennies Red still never says he bought MTL which is junk in his opinion, the 30th it went up 60% and RED was never in it,
red_tsar • Sep 28, 2014 2:18 PM Flag
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How long before r/s or delisting?
Why is this junk even on the NYSE, paying a lot of money to stay listed here, should be on the otc.
9 hours ago 0:47
Brazil's justice minister said on Saturday that the government will not interfere with a police investigation into suspected graft at state-run oil company Petroleo Brasileiro SA. Federal police on Friday arrested top executives of leading construction and engineering firms and a former director of Petrobras, as the oil company is commonly known. Brazilian President Dilma Rousseff, who is in Australia at a G20 summit, has not made any public comments about the Friday arrests. During her campaign for reelection, which she narrowly won last month, Rousseff pledged a thorough investigation of any wrongdoings at Petrobras. She served as chairwoman of the company's board between 2003 and 2010.