Nothin's happened yet, and it's Monday.
Guess you don't have to worry about always having to trust the voice anymore since now it's been proven wrong (although I still hope ERX will soar today.)
I still lurk occasionally, mainly because I'm so rarely proven correct. Is anyone else still around from before the turn of the century?
Iforgottoshave, gnawk, kcinvestor, KSIC, otislong, haberdasher2000, poorman911, (dare I dream - y2kglory), and others - are any of you guys still around to share a virtual cocktail for old time's sake before the board gets shut down?
Cheers! We had some good times.
You should stop making predictions. No one minds an optimist, but you said "count on it"; as an act of contrition you should now admit that your predictions have no value.
Gotta say I agree with you on this one, sammy. Now that some of the better posters are starting to reply to the trolls, this board is no longer worth my time. For anyone who wants to flame me, you can look and see I posted that the fed would be under pressure not to increase interest rates 4 days before the newbies at the Wall Street Journal breathlessly published it.
I think you are right about being more about the market than about BX, although I will also note that there has been a revaluing of single family housing REITs.
On the plus side (for the market), I think the Fed is going to be under tremendous pressure not to move interest rates because of the devaluation of the yuan. Although I think the US economy is going well enough to justify a small, token increase, an increase at this time risks making the dollar too strong, so I don't think they'll do it (at least not in September.)
You are also right that times like these are what create the best opportunities for Blackstone.
It's mainly just one lonely little troll and a certain member who insists upon answering him. If you just ignore both of them it's much better (New aliases are invented constantly, but it doesn't take too long to figure out who is who.)
Your selection of $32/share implies that you have performed an analysis and used market metrics to value assets and future cash flows. It would go a long way towards stimulating intelligent discussion if you would share those. Obviously you don't need to share your entire analysis, but a summary of your valuation techniques would be helpful.
Hey chartists - how did your charts do yesterday? We had broken the 200 day moving average, which is supposed to be bearish.
Well, first off, you had to pay a 74 cent per share dividend on the first short. A good trade, but only a $4.45 gain. I appreciate your courage to post in real time, so I will assume for the moment that it was an honest oversight.
Second off, what is your exit strategy on the second short? Do you have a stop?
The Cosmopolitan of Las Vegas showed a profit of more than $15.3 million in the second quarter, reversing a net loss from a year ago.
The hotel-casino, acquired last year by an affiliate of the New York-based Blackstone Group, filed its financial results for the quarter that ended June 30 with the Securities and Exchange Commission Friday but did not issue a formal statement.
The Cosmopolitan's net revenue of $199.5 million in the quarter was a decline of less than 1 percent compared to a year ago. However, the net income from the results reversed a net loss of $13.6 million for the same quarter in 2014.
The resort increased casino revenue by more than $11 million, although the property experienced declines in restaurant and entertainment revenue.
I think a more precise way of saying what you mean is that, although movements in the price of ERX are correlated to movements in the price of oil, the R-squared is not 1.00.
If the price of oil goes down on an "up" day in the market, then energy related stocks may well go up with the rest of the market, and the opposite works as well.
I'm with you, Jim. We always knew that the year end dividend was higher than normal, and a lot of when to declare profit is driven by what accounting methods you use, but you can't fool with revenues.
LOL - well his theory of "sit on your hands for the rumor, buy the news" is original to him...for good reason! Bwahahahahahaha
Agree that he should be on ignore; he won't be around for long.
Why on earth are you wasting your time, fishy?
He's another troll, no different at the core from loogie. Catch all of the mistakes you like; he doesn't care because he just wants the attention.
I'm actually thinking of a trip there - as soon as they go back to the drachma everything will be on a huge sale for those of us using yankee dollars.