The Washington Redskins have given into social pressure to change their name, because of all the hatred, hypocrisy, violence and hostility associated with that word. From now on they will simple be known as The Redskins.
That's exactly what I'm doing Paul. You can't call a bottom, so when a quality company like this goes on sale, buy in and then average down if it pulls back more. Keep averaging down, sit back with a cold beer and collect your dividends, and in a year or so, you'll be glad you did. This is too good of a company to fall and stay down for long.
Sentiment: Strong Buy
They lost money - AGAIN. They keep piling up all these "one time" expenses and charges - EVERY QUARTER! I'm glad to see we would have made all those profits if only we hadn't lost so much money.
Fannie and Freddie together have borrowed $187.5 billion in bailout funds from the Treasury, and to date have paid Treasury $132 billion in dividends.
The problem is that Treasury has not allowed the $132 billion to be used as repayment. Imagine closing on a mortgage at a 10% interest rate, only to be told a week before the first payment is due that the bank was changing the terms, and that your entire mortgage payments, including principal, would only be credited as interest, and you could never pay down your principle!!
The best news is who Perry's lawyer is - Ted Olson, former US Solicitor General, has argued many cases before the US Supremem Court, including Bush vs Gore. This guy is a real legal heavyweight, this is tremendous news!
The law firm being named in the Perry Capital lawsuit against the Treasury Dept is Gibson, Dunn & Crutcher, and the lawyer named in the article is Ted Olson, former US solicitor general. He has argued dozens of cases before the Supreme Court, including Bush VS Gore. This guy is a serious legal heavyweight.
From the article:
"This lawsuit seeks to uphold the rule of law," Theodore Olson, a partner at the law firm Gibson, Dunn & Crutcher and a former U.S. solicitor general, said in a statement.
He said the 2008 Housing and Economic Recovery Act, known as HERA, established specific rules about the government's limits and obligations under conservatorship.
"Investors had every right to expect these rules to be followed," he added.
This is the news that longs have been waiting to hear. This is VERY good news!
And every time I come to this board, I find posts like this from some dumbazz racetard like you.
Nope, guess again. Step right up ladies and gentlemen, try to guess which way the market goes this afternoon. Will it stay up, or will the Wall Street freakshow drive it back down?? Step right up and place your bets folks, only cost you about $13 a share!!!
Quit gambling on short term direction and get long this stock.
CNBC just said that WAG was paying employees with these reloadable debit cards, along with MCD and WMT. Is this true? If so, I'm out. I'll put up with a lot, but I will not invest in a company that forces their employees to accept a third party payment scam like this. Thoughts?