The balance sheet is shocking, this looked like a great value, but I assume this massive debt has something to do with the low pps.
If I'm not mistaken, they don't own any of the real estate, and generated millions in proceeds from their IPO, is this just from lavish Italian decor?
I also said to aggressively short BDCL the BDC counterpart to MORL, Now that you have disgraced your dave name, come back with a new alias and lets do this all over again!
If you told me Macau VIP would collapse this bad and China's economy was falling at alarming rates - I would would say sounds about right. If you then told me IKGH was up 43% - I'd say you are crazy!
It's up huge on the heels of this absolutely horrid month, I can't make sense of it, I'm not going to try. I can only speculate all the sellers are gone at this point, the die hard believers that held all the way down just don't want to sell.
Yes the roll was horrid, worse then you could have imagined, but take a deeper look at the hold, and realize they lost $$$ millions more this month.
The cash will all be gone soon.
I guess I am more shocked then baffled at the magnitude of the slow down. This happened with Taco Bell not too long ago and while I wasn't dinning there, just in passing, I would see decent volume in the drive through line, during the scare.
This is something unprecedented, this decline leads me to believe that comps being off by 50% is almost a given.
I think that Chipotle will survive this and in a year no one will be talking about this. I don't however think the share price accurately reflects the how bad the situation is. 30X's earnings with unknowns and law suits seems rich, but perhaps everyone has a long term view similar to mine.
An admitted regular, I'm still shocked at how slow business is to return. Thursday 5:30 pm, no wait 4 people dinning ALL were employees! As I was ordering a family came in, but in and out in under 2 minutes. This location was not slammed like others at peak times though 6 months ago.
Sunday @ 12:30 PM - Two people in front of me, 3 tables of customers, before I left 3 more groups of people had entered the line.
This location still baffles me, I have been to it many times and 20 minute waits used to be the norm during peak times. Located directly across from a major hospital.
Food was good both times and staff was more friendly then usual, probably due to revised training.
I will be traveling 1000 miles over the next week, I will visit many southern locations.
I was telling everyone to sell or short at $14-$15, and that was just a few months ago!
What on earth are you talking about?
'Years ago I was learned that any mREIT that has a 1% spread on its net interest margin is a walk away safe investment"
Do you realize how much of an amateur you come of as with each post you make?
Say that statement out loud and then get back with me on how ridiculous it sounds. If this is the crux of your investment thesis, no wonder you have lost 50% on this pos and keep coming back for more.
Umm, news flash buddy, somebody lied to you!
The "slap in the face" is that had it not shut down it would be up huge today. KMI is up 20% alone!
Alf- They have to liquidate in accordance with the prospectus, if they did not and you were the shareholder and then suffered more losses as a result, UBS would be liable for damages and negligence.
wow, you are out of your league buddy...
The moronic post is yours! I posted this 5 days ago when MORL was over 30% higher when I said to get the hell out. It sounds like you should be listening to people on message boards, because you are lost.
Good Luck Ed, your a good guy, hope your timing is good. You survived this long so I have no doubt you will be just fine. I think today will generate a lot of margin calls, investors can disregard those for a few days and hope the market goes back up and bails them out, otherwise, they are going to sell at whatever price someone is willing to give them, so I'm going to sell puts on the equities I want to accumulate in the next few days.
All of these posters hypothesizing a reverse split are simply misinformed. That is not how this works.
UBS Announces Mandatory Redemption of ETRACS 2xMonthly Leveraged Long ETN Linked to the Alerian MLP Infrastructure Index Due July 9, 2040
January 20, 2016 12:03 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced that all outstanding notes of the 2xMonthly Leveraged Long Exchange-traded Access Securities (ETRACS) linked to the Alerian MLP Infrastructure Index due July 9, 2040 (Ticker: MLPL) (the “Securities“) will be mandatorily redeemed in accordance with the terms of the Securities as a result of the occurrence of an Acceleration Event, triggered as a result of the intraday index value decreasing by more than 30% from the most recent Monthly Initial Closing Level (as defined in the prospectus supplement relating to the Securities) to below 349.81 on January 20, 2016 (the “Acceleration Date”).
“Acceleration Amount“ calculated in accordance with the terms of the Securities. Payment of the Acceleration Amount will be made on the Acceleration Settlement Date, which will be February 1, 2016.”
As disclosed in more detail in the prospectus supplement relating to the Securities, all outstanding notes will be automatically accelerated and redeemed and holders will be entitled to receive the “Acceleration Amount“ calculated in accordance with the terms of the Securities. Payment of the Acceleration Amount will be made on the Acceleration Settlement Date, which will be February 1, 2016.
For more information regarding the mandatory redemption, including how the Acceleration Amount will be determined, see the prospectus supplement relating to the Securities. The prospectus supplement for the Securities can be accessed on EDGAR, the SEC website, at
Ed, I'd preserve capital, people forget what a bear market looks like since it's been so long. We may spike 2% tomorrow, but we still have at least 10% more market downside coming - which will pull MPEL down to $10.00. Cash is King, I buy in these situations only when it's a bloodbath, which so far this has been very orderly. Put premiums aren't even high enough to warrant selling on the issues you may want to accumulate.
So it's a 2x leveraged fund that just got shut down, I honestly think this was for the best interest of the investors, this probably saved them from additional losses as I don't see that sector recovering any time soon.
This scenario could play out for MORL very soon if there is a panic sale, or another 20% drop from todays low.
Good case study for MORL holders, MLPL now down over %60 in one month breaching note covenants.