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Advanced Micro Devices, Inc. Message Board

hamptonus 3 posts  |  Last Activity: May 23, 2014 1:34 PM Member since: Oct 19, 2011
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  • Reply to

    HXM delisted by NYSE..DHOXQ new symbol Monday

    by jeremygrey40 May 3, 2014 6:48 PM
    hamptonus hamptonus May 23, 2014 1:34 PM Flag

    I think a better comp for Homex is its Mexican neighbor, Cemex (CX) from 2011 onward.

    Sentiment: Buy

  • Reply to

    HXM delisted by NYSE..DHOXQ new symbol Monday

    by jeremygrey40 May 3, 2014 6:48 PM
    hamptonus hamptonus May 23, 2014 1:32 PM Flag

    do you have a twitter account? if so I'd like to follow you. also, let's be a little careful about the comparisons to GGP here. there are some crucial differences.
    1) GGP always had sufficient FFO to finance their debt load, they simply could not roll over their debt because of the 2009 credit market lock up. as the CEO stated many times "we have a liquidity crisis not a solvency crisis". the core business itself stayed healthy through the cycle.
    2) the mechanics of the trial were totally different. basically, GGP could dictate the terms of its chap11 if judge Groper (I think that was his name) ruled that GGP's incorporation plan, whereby all the individual malls were LLC'd separately, was legally sound. it was a 50/50 chance and Groper ruled in favor of GGP, enabling them to cram-down their creditors

    Homex is a different beast. They've taken massive losses on their core business, and the trial will not hinge on their incorporation strategy, it will hinge on the judge's best judgment about whether the proposed plan will be in the best interest of all creditors. Frankly, I think the odds of a favorable verdict are 25%. However, I think the odds of a return to profitability are more like 80%, simply because of the Mexican economy. With those odds and the potential for 10X or 20X return, I am certainly bullish. Just not quite as bullish as I was on GGP :)

    Sentiment: Buy

  • Reply to

    HXM delisted by NYSE..DHOXQ new symbol Monday

    by jeremygrey40 May 3, 2014 6:48 PM
    hamptonus hamptonus May 23, 2014 1:23 PM Flag

    yup. I was there for that. I remember the Google message boards at the time, there was an investor named... oh hell I forget, but he helped shepherd us all through the process. I was very young. good times. I plan to make my first purchase in DHOXQ next Friday.

    Sentiment: Buy

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