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United States Oil ETF Message Board

fp718591 612 posts  |  Last Activity: 1 hour 39 minutes ago Member since: Mar 10, 2012
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  • Reply to

    PR banks assets, deposits drop in 2Q

    by red_tsar 6 hours ago
    fp718591 fp718591 1 hour 39 minutes ago Flag

    That's mainly Broker deposits that dropped, and everyone knows Doral isn't allowed to take anymore broker deposits until this is settled, nice to cut copy and paste what you only want for other people to see, heres more to the story,,,,,, Deposits fell by $1.5 billion during the second quarter on a year-over-year basis, posting the deepest drop in two years, according to data from the Financial Institutions Commissioner’s Office.

    The drop was led by brokered deposits. In a report issued earlier this month, Moody’s Investors Service flagged a reliance on wholesale funding, such as brokered deposits, as a “structural weakness” of the Puerto Rican banking system.

  • Reply to

    Puerto Rico's economic activity hits 20-year low

    by red_tsar Sep 29, 2014 1:04 PM

    BPOP is worse then Doral in navigating through economic cycles. BPOP would have been bankrupt if they didn't get a bailout called TARP. Doral NEVER had to ask for a bailout from TARP. You should go back to the island and listen to more gossip, since that all you know how to do.

  • Sold the rest of my UGAZ for 16.24 yea I know I should of sold it at 16.60 but I never peg the top lol, I will be buying back UGAZ in a couple of weeks, we should see a fall back, good luck everyone

  • Reply to

    Puerto Rico's economic activity hits 20-year low

    by red_tsar Sep 29, 2014 1:04 PM
    fp718591 fp718591 Sep 29, 2014 10:07 PM Flag

    Hey Red I put this on the BPOP board for since you probably forgot, BPOP is the biggest leader and people there should know how bad the economic activity is.

  • Reply to

    boyt's opinion on BPOP's ceo

    by red_tsar Sep 28, 2014 5:55 PM
    fp718591 fp718591 Sep 28, 2014 7:07 PM Flag

    Veteran investor Warren Buffett has lost over $700 million on his investment in U.K. supermarket operator Tesco (London Stock Exchange: TSCO-GB), which has seen shares fall around 43 percent this year.
    Buffett, often referred to as the Oracle of Omaha, has consistently backed Tesco, holding a stake in the firm since 2007. But his investment firm Berkshire Hathaway (NYSE:BRK-A - News) is now dealing with a hefty loss after the retailer slumped over 20 percent in the last month.

  • Reply to

    boyt's opinion on BPOP's ceo

    by red_tsar Sep 28, 2014 5:55 PM
    fp718591 fp718591 Sep 28, 2014 7:04 PM Flag

    Tesco Grocery chain in the UK

  • Reply to

    boyt's opinion on BPOP's ceo

    by red_tsar Sep 28, 2014 5:55 PM
    fp718591 fp718591 Sep 28, 2014 7:01 PM Flag

    I wouldn't quiet agree with that. When it comes to banks Buffets history has been pretty clear. If you look at all the to big banks that cant fail, Buffet put 5 billion on BAC, BAC have Countrywide to deal with, lawsuits and losses. Buffet believes in the under dog who are determined to make it, I believe he would bet on Doral, because Doral has proven they are there to help the Puerto Rician people, and Buffet knows people will end up going to that bank.

  • Reply to

    Article out today

    by red_tsar Sep 27, 2014 8:34 PM
    fp718591 fp718591 Sep 28, 2014 6:50 PM Flag

    Hello George, they all try to settle on a lawsuit even right before the judge gives his verdict, both parties have to appear in court to hear the judges verdict and most settlements are done before the judge gives a verdict. If PR feels they didn't have a case they might be worrying about punitive damages that Doral can have rights to if they win.

  • Reply to

    boyt's opinion on BPOP's ceo

    by red_tsar Sep 28, 2014 5:55 PM
    fp718591 fp718591 Sep 28, 2014 6:44 PM Flag

    Warren Buffet invested 1.4 billion in Tesco a year ago, today his investment is worth 720 million, he probably will be dead before he gets his money back, everything is a gamble these days, it doesn't matter how good a stock may look, it can reverse to the downside fast. Any market correction and banks get hit hard every time and will take 2 or more years just to break even.

  • Reply to

    Net asset Value A.K.A Book value

    by traces64 Sep 26, 2014 2:53 PM
    fp718591 fp718591 Sep 27, 2014 10:04 PM Flag

    Hello bmygc, I just found were they are paying dividends thanks for correcting me. I see they pay monthy, also in 2009 most of the preferred shares were 5 dollars a share and 16 months later they hit 18 a share

  • Reply to

    Net asset Value A.K.A Book value

    by traces64 Sep 26, 2014 2:53 PM
    fp718591 fp718591 Sep 27, 2014 8:20 PM Flag

    as long as I make money out of the deal, he can to lol

  • Reply to

    Net asset Value A.K.A Book value

    by traces64 Sep 26, 2014 2:53 PM
    fp718591 fp718591 Sep 27, 2014 8:19 PM Flag

    Hello Front I bought DORLP also, those are 50 dollars preferred shares, I don't think your going to get investors to give up 50 dollar preferred shares with the gamble we took, maybe swap out the 25 dollar preferred shares at 1.5 common share. I think Don knows no one will sell for less then 50 cents on the dollar and that's a heck of a deal for a bank.

  • Reply to

    Net asset Value A.K.A Book value

    by traces64 Sep 26, 2014 2:53 PM
    fp718591 fp718591 Sep 27, 2014 8:11 PM Flag

    Hello Don, DORLL is valued at 228 a share with options to convert shares into commons at 6.9 common shares, the convertible rate can be adjusted as time goes on, first one to get convertible options will probably be DORLL. Regarding the other preferred shares 50 cents on the dollar is the going rate, most Greek Banks offered 50 cents on the dollar with heavy diluted commons, current 25 preferred on a Greek bank is around 13.50 and no dividends. BPOPN, BPOPM and BPOPO are 25 dollars preferred and they don't pay dividends, 2 are worth 21.86 a share each and the other is at 21 a share, seems high for not getting a dividend. IF Doral can get the preferred for 50 cents on the dollar by paying cash, by buying 100 million for 50 million it increases the banks books an extra 50 million, that's why the Greek banks did it, but I think Doral will have to pay more, I would be happy with 50 cents on the dollar, I make a little over 100% profit and the bank makes a 100% profit.

  • Reply to

    How dumb is boyt?

    by red_tsar Sep 26, 2014 6:09 PM
    fp718591 fp718591 Sep 26, 2014 6:43 PM Flag

    so basically you are saying boyt shouldn't expect a dividend for many years and the waiting time is less for preferred share holders correct?

  • Reply to

    Net asset Value A.K.A Book value

    by traces64 Sep 26, 2014 2:53 PM
    fp718591 fp718591 Sep 26, 2014 6:39 PM Flag

    oops made a miscalculation, preferred shares need to go up 115% to be valued at 50 cents on the dollar with total vale at 175 million

  • Reply to

    How dumb is boyt?

    by red_tsar Sep 26, 2014 6:09 PM
    fp718591 fp718591 Sep 26, 2014 6:21 PM Flag

    Before DRL pays a dividend they have to pay all the Preferred share holders their dividend first, Preferred shares get paid before commons, that's why I keep saying pay close attention to the preferred shares they are cheap and the best buy for a long term holder with the cheapest dividend being 7.5% once they start paying.

  • Reply to

    Net asset Value A.K.A Book value

    by traces64 Sep 26, 2014 2:53 PM
    fp718591 fp718591 Sep 26, 2014 6:15 PM Flag

    Take the 350 million for the preferred then it leaves 300 million for the common which is 47 dollars a share times 6.4 million shares, with loses on nlp`s we can reduce it the value of commons by 50%, want to make a high loss that brings book value at 23.50 but heck I am not greedy, lest reduce that even more say another 50% which would make it 11.75 a share, and if the preferred shares go up 70% I make another killing on my DRL preferred shares which would make total value of Preferred shares 175 million with an increase of only 70% its fun doing math isn't it?

  • Reply to

    euro vs dollar

    by billiosi Sep 26, 2014 9:22 AM
    fp718591 fp718591 Sep 26, 2014 4:38 PM Flag

    the euro is suppose to fall to 1.10 vs the dollar, Europe to start QE to get them out of recession, billy is making a good bet in my opinion if he is shorting the euro

  • Reply to

    Sold RSH

    by fp718591 Sep 26, 2014 12:35 PM
    fp718591 fp718591 Sep 26, 2014 4:17 PM Flag

    Hello Brenda I hold my CLF in my IRA and flip it on my private account. CLF price will move with iron ore prices which are dropping every day, no one thought Australia would flood the market. When I buy a stock I usually buy 1/3 1/2 positions to start incase of drops like this, CLF could go even lower and that why I have not added to CLF yet. Brenda on Sept 15th I sold the CLF and you bought it the next day at 14.98 which I couldn't understand, just like buying BBD in the 18`s, I haven't said anything but I am curious why you buy in high? RSH I said was a high gamble but AT, DRYS and RAD are solid companies and all moved up, I don't include RSH move today, its was a big gamble and I bailed and I never recommended anyone to buy one of my triple FTF`s as they are dangerous plays, I think I am better off not mentioning any of my buys anymore, i don't want people to follow my investments.

  • Reply to

    I'm calling a bottom RIGHT HERE!

    by worldengine9 Sep 26, 2014 2:06 PM
    fp718591 fp718591 Sep 26, 2014 2:53 PM Flag

    The Founding Committee of the Western New York Investors Conference announced today the presenting companies for its 2014 conference, which is scheduled for Friday, September 26, 2014. The conference will be held at the Embassy Suites Buffalo, located at 200 Delaware Avenue, Buffalo, New York, with presentations beginning at 8:00 am ET and running through 2:35 pm ET

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