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Actavis plc Message Board

jeddiemack 36 posts  |  Last Activity: Jul 19, 2014 7:32 PM Member since: Nov 14, 2008
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  • Absolutely agree.

    Fannie and Freddie should be reformed into private companies, adequately capitalized and reasonably managed.

    Without the intrusion of confiscatory federal government looking for a hand out. Greedy a holes they are.

  • jeddiemack jeddiemack Apr 30, 2014 8:48 AM Flag

    The problem is the other "truth" which is a lie .... has been repeated so many times people believe it.... its where lies become truths because fannie and freddie have no microphone. Their balls were snipped by FHFA and hera.

  • Reply to

    When is this rock going to hit bottom?

    by strum_this May 1, 2014 2:19 PM
    jeddiemack jeddiemack May 1, 2014 11:48 PM Flag

    We can debate the mindset of "miss management" all day and night and still not come up or down with their logic for doing what they did the past little while. Its like they have had onset of Alzheimer or an Aneurism. Needless to say, they've stubbed their toe, hit the knee on the trailer hitch, and been run over by a shopping cart all in a matter of moments. Fly is so badly damaged goods, that I am truly surprised someone doesn't come around and put them out of their misery. Only trouble is no doubt "miss management" would screw that up too and play us shareholders as suckers one more time. Just so sad.

  • Reply to

    Buyback and lots of cash

    by airlease2000 May 8, 2014 7:15 AM
    jeddiemack jeddiemack May 9, 2014 12:29 AM Flag

    Air... you have got to be joking...

    Seriously they would even contemplate a "buy back" after just selling us down the river at $14 a share down from $17 when in reality after costs they netted what $13 on sale of shares now to only repurchasing them? Are these guys - nuts?

    Miss Management should let the door hit them on the rear on the way out.

    Why not just sell the company.

    Give me $24 a share and call it a day!

  • jeddiemack jeddiemack May 17, 2014 6:56 PM Flag

    The transaction that followed this one was certainly not an arm's length transaction - as evidenced by the failure to price the taking appropriately. The party (notice singular "party") failed because it did not engage any third parties to determine "fair value" had they done they they'd be in a better position today.

    The event that began as "Anthony asks" - was not a transaction it was an invasion and began the occupation. It was done under duress - also something very problematic to this government theft.

  • jeddiemack jeddiemack May 18, 2014 2:02 PM Flag

    Based upon the chicanery of the Treasury, FHFA, and White House... that effectively gave themselves "control" and an effectively an unconsolidated super majority interest in the entities... How can you possibly say these two entites are Under captitalized when they sit back stopped by the US Government? That only has 17 trillion dollars of debt?

    Wasn't this the purpose of raping these two companies... to give them unlimited access to the taxpayers tap?

    Silly double edge argument... so if fannie and freddie are undercapitalized then so is Washington.

  • Reply to

    Government getting to fat off FnF

    by elliselectric May 20, 2014 10:44 PM
    jeddiemack jeddiemack May 21, 2014 8:30 AM Flag

    Does the government now owe FandF 10% dividends on the over repayment until the conservatorship ends and the mess can be figured out?

  • Reply to

    Dear Lord

    by gliness19 May 22, 2014 10:08 PM
    jeddiemack jeddiemack May 22, 2014 11:54 PM Flag

    I would welcome $48 by end of the year and ... $125 by end of 2015.

  • Reply to

    Other Side Of The Coin

    by tthemainman38 May 17, 2014 2:58 PM
    jeddiemack jeddiemack May 23, 2014 7:43 PM Flag

    I've held because ... at these levels... while it could go lower... the dividend at least accumulates and fair value in my opinion even after the rather questionable S/O is much higher. My feeling is that eventually, someone will come put Fly out of its misery at close to fair value. I only hope it comes sooner than later.

  • jeddiemack by jeddiemack May 23, 2014 7:47 PM Flag

    Received the proxy in the mail and will be voting my shares. Proposals 1 to 4 for the RE (lol) Election of Directors will be all NO WAY Jose'. May even vote against the auditor for "continuation". Shame old Colin wasn't on the ballot; I'd boot him too.

  • jeddiemack jeddiemack May 31, 2014 2:07 AM Flag

    Seems like you can't "plead the fifth" when you are in the middle of testimony... and the stress test BS is certainly part of it.

  • Reply to

    My Take -- protective order

    by qishenhuang May 30, 2014 10:10 PM
    jeddiemack jeddiemack May 31, 2014 2:46 AM Flag

    How can the congress write a law that says no court can challenge it? Huh? Really?

  • Reply to

    Other Side Of The Coin

    by tthemainman38 May 17, 2014 2:58 PM
    jeddiemack jeddiemack May 31, 2014 6:53 PM Flag

    The problem here is the analysis of what I believe, based upon sales of planes is the unrealized value of the aircraft. Lets assume that on average the planes are under value by $2M a piece. So say there are 100 planes. So that would be $200 Million. On 28 Million shares that would be around $7.14 a share hidden value. Now take that same $200 Million and divide it by 41 Milliion shares... and its $4.87 - so... The underlying "VALUE" would have gone down the 70c you note and the $2.27I show for a total of $3.00 or so.

    Which upon a sale of the whole company would have accreted somewhat maybe 50% to me and other shareholders.

    I think your analysis is flawed because it uses book value and not fair value. And the damage to SH Value is far worse than contemplated since there are now 40% more mouths to feed on the same loaf of bread.


  • Reply to


    by frankmfosco2 May 30, 2014 8:59 PM
    jeddiemack jeddiemack May 31, 2014 6:57 PM Flag


    1st. THANK YOU ! For keeping the faith..

    2nd. I'd love $125... but can only dream about higher and higher.

    3rd. I think there is a Catch 22 about going on. With the government's protective order.

    Fingers crossed... plus need to pay for college!

  • jeddiemack by jeddiemack Jun 2, 2014 9:38 PM Flag


    They can't sue Fannie and Freddie.... they are the US government. REMEMBER?


    If they can sue them ... then they are not?

    Okay - whatever... just poking some fun. Its probably silly anywya

  • Reply to

    Other Side Of The Coin

    by tthemainman38 May 17, 2014 2:58 PM
    jeddiemack jeddiemack Jun 5, 2014 9:01 PM Flag

    Ole' MM... Yes. Mr. Market will determine the trading price. But old fashion horse trading - sales negotiations - had they sold the company - which they should have done to realize fair value to the shareholders in stead of the S/O would have resulted in the highest and best use of the proceeds. Instead we are anchored at or around $14.

  • Reply to

    Must read on Bill Maloni's GSE Blog!

    by dgplexus1 Jun 6, 2014 2:54 AM
    jeddiemack jeddiemack Jun 6, 2014 8:35 PM Flag

    Now your picking on them.... tsk tsk....

    Love it!

  • Reply to

    My Dream

    by optomist01 Jun 6, 2014 10:34 AM
    jeddiemack jeddiemack Jun 6, 2014 8:39 PM Flag

    Sweeney calls "BS" and writes an order for injunctive relief, grants summary judgment, rips the government a new one by ordering the shredding of the warrant, the release of fannie and freddie, the returen of $30-$50 Billion overpaid. And $100Billion in penalties for malicous "giving fannie and freddie the business". Stock price is halted and opens at $300.

  • jeddiemack jeddiemack Jun 8, 2014 3:17 PM Flag

    Fool - taxpayers take near NO risk.

    Do the math. There is no more business risk here than there is to the US of A in general. For example; if the world came to an end - then yeah there is risk - but then you got other problems instead. Like for me. I don't have flood insurance - why? Simple, if my home were to flood, the the water has to rise about 18 feet - in all directions. Meaning we'd all need an ARC Could it happen... Sure it could .... then again it "Could" snow in Florida in June. Metaphorically speaking. .... but is it gonna happen? Likely no. So, why would you leave the house in June in Florida with a coat and gloves and top hat just to go to the store? You wouldn't unless you was really going to knock over a 7-11. So,

    Is the taxpayer on the hook, seriously.

    No. Not really.

    Oh, and you'll probably want to point to all the money thrown at Fannie and Freddie from 08-11 or so. And facts is and they are irefuted truths, that they never needed the money they received.

    So, keep spinning untruths; educated folks won't believe you.

  • Reply to

    Putting Down My Crying Towel

    by tthemainman38 Jun 6, 2014 3:13 PM
    jeddiemack jeddiemack Jun 19, 2014 11:40 PM Flag

    MM and AL00 - I've been on this board/reading you two and a couple regular posters here for a while. We withstood the postings of the "turd" and here we are. The SO was meant to raise some cash, create some float that the company had reduced from share purchases; and increase / create some noise. The increased divy was not a smart move; and the increased market cap was deflated by the stock price dropping 30%. Overall, they've pushed / plowed water the past year with little but egg on their faces with the moves to shoot themselves in the foot. I too was a supporter of management pre - BBam deal, the selling of equity to the control group and the offering. What stupid move is next for this management team? Remember the SO was at an offer price substantially below then market price which was indicative of managements' disbelief in the company it managed.

    At this point... I am really hoping for a take out. But, with this management they'd probably screw that up to.

    Have little faith in them to do the right thing. I hope to be surprised.

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