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Linn Energy, LLC (LINE) Message Board

navkram 26 posts  |  Last Activity: Jul 24, 2014 10:04 AM Member since: Sep 3, 1999
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  • navkram navkram Jul 24, 2014 10:04 AM Flag

    The dividend is solid and growing. It was just raised last quarter so it is more likely that it will be raised next quarter not this one.

  • Reply to

    Acquisitions and Dividends

    by huntoonthebaboon Jul 22, 2014 3:12 PM
    navkram navkram Jul 22, 2014 4:08 PM Flag

    There would be no point in buying the loans if they were not highly acreative. Medallion loans tend to have a very attractive spread and I think these competitors are bailing out because they want no part of the uber hupla. It's such a small part of their business you can't blame banks for exiting. I hope they give details in earnings.

  • Reply to

    TAXI exposure to medalion price -from SEC fileing

    by navkram Jun 30, 2014 1:19 PM
    navkram navkram Jun 30, 2014 2:34 PM Flag

    #$%$? What is in Pakistan? The medallion is just retrieved from the city government, sold and the any leftover value sent to the borrower. It is much easier than any home, consumer, or even business loan.

    Fry you short fool!

  • Reply to

    BDC Bargain: GAIN

    by johnsonjoel1 Jun 30, 2014 12:38 PM
    navkram navkram Jun 30, 2014 1:48 PM Flag

    GAIN is considering issuing more shares below NAV -a bad sign to say the least.
    I prefer the quality of TAXI earnings.

  • from prospectus filed with the SEC friday

    " We estimate that the average loan-to-value ratio of all of our medallion loans was approximately 37% as of March 31, 2014 and 36% as of December 31, 2013. In addition, we have recourse against a vast majority of the owners of the taxicab medallions and related assets through personal guarantees. For more information, see “Business—Medallion Loans.”

  • Reply to

    BV

    by dyk742000 Jun 25, 2014 12:19 PM
    navkram navkram Jun 25, 2014 3:18 PM Flag

    Insiders are not allowed to profit like that. The obvious thing to do is to repurchase the shares they just sold a couple months ago for over $16/share at the top. If Uber really did hurt medallion lending then this would be an obvious way to use the proceeds at a hefty profit! Of course the share price would jump on the news so not many shares would be bought.

  • navkram navkram Jun 25, 2014 3:03 PM Flag

    My take is that the shorts recognize this is played out so they are talking their book to try and get fools to let them out of the position.

  • No movement in price or volume. Does this indicate all the fools are already short? End of play? Load up the truck and bring on the squeeze?

  • Reply to

    Short Interest 1.5 Million Shares

    by johnsonjoel1 Jun 25, 2014 8:08 AM
    navkram navkram Jun 25, 2014 11:50 AM Flag

    TAXI is a bank that is clearly well isolated from any loss the taxi industry may see by super low loan to asset value ratios. The earnings will continue and you will have a huge short position in a very illiquid stock that yields 8% plus the short borrowing rate which will increase.

  • Reply to

    Could be very good news for Linn

    by miketelford72 Jun 24, 2014 6:56 PM
    navkram navkram Jun 25, 2014 9:52 AM Flag

    Does this mean the end of ethane rejection? Does anyone have a data source for NGL futures?

  • Reply to

    Great Investment Now -- Short Squeeze to come

    by jdsomers Jun 16, 2014 2:30 PM
    navkram navkram Jun 18, 2014 11:09 AM Flag

    It is sad that so many investors are so ill-informed. TAXI financing metrics are quite impressive -high interest rate spread with extremely low default rates. The other aspect that they don't get credit for is that efficiency of collection in the case of default. Because it is a business loan for what amounts to a licence, collection is as simple as going to court, getting the ruling and changing the ownership record of the medallion - one stop, no waiting period, no consumer protection. Much more efficient than homes or autos or any other business loans. The medalion is auctioned off and TAXI pays off the loan balance and any expenses and sends the remainder to the debtor. This brutal efficiency is likely the reason there are no delinquent accounts.

  • Reply to

    Russell Index Revisions

    by jharari1 Jun 17, 2014 10:25 PM
    navkram navkram Jun 18, 2014 10:52 AM Flag

    Thanks! I did not know that.

  • navkram by navkram Jun 16, 2014 12:49 PM Flag

    Dan Niles was just on CNBC. When asked about Uber he said the regulations are already in place and Uber is going to have to spend lots of money to change or evade them in the future. The last funding round valuation was crazy.

  • Reply to

    The price is down due to Uber threat!

    by infosecman1 Jun 14, 2014 9:46 PM
    navkram navkram Jun 16, 2014 11:27 AM Flag

    The question I see is why would cities tolerate violations of their regulation? These companies operate in clear violation. The idea that regulation is bad is not new -one of our political parties is based on it -but you can't just go out and violate the law. You have to change it first.

    How long will it take to realize that Uber and Lyft refuse to carry most passengers? Minorities? Bad neighborhoods? They violate employment laws by making drivers their own business and don't pay local taxes? They are nothing more than gypsy cabs for the rich -why wouldn't the city tax and regulate them the same as conforming cabs?

  • Reply to

    Market Manipulation

    by markitcorrect May 5, 2014 4:56 PM
    navkram navkram Jun 13, 2014 12:40 PM Flag

    I don't see taxi as a buyout target because it is closely held -family management that gives no indication they want out. If they were willing to sell the shares would jump.

    A more logical explanation is short interests. The shorts are selling and making "news" that taxis are going extinct in favor of Uber. If you look at the short interest it has been rising. If my theory is right this afternoon they will try to spike the share price down just before the close (gunning for stops). If you have a stop order in beware. If you just want to make money put in a GTC buy order in 3 to 5% below bid today.

  • Reply to

    Some perspective about how things work and worked

    by navkram Apr 1, 2014 5:59 PM
    navkram navkram Apr 2, 2014 2:37 PM Flag

    The switch clearly did not meet the spec from the very start and if it had gm would not have the huge legal mess it has today. The Eaton quality systems were pretty antiquated (possibly non-compliant) and there was a lot of resistance to moving to Delphi's quality systems even by the time I arrived in 2005. It still seems odd to me -missing a spec like that is a very big deal. Missing it all the way to PPAP is pathetic. In production? I just have a hard time believing that anyone in the DG office knew the link to accidents and fatalities before 2006 or so -there would have been major activity in a relatively small office. Why weren't corrected parts on test? In my entire time there I think I heard someone talk about it once and I didn't know it was our part they were discussing.

  • Reply to

    Some perspective about how things work and worked

    by navkram Apr 1, 2014 5:59 PM
    navkram navkram Apr 2, 2014 2:11 PM Flag

    If there is knowledge of liability documented it will come out. The one thing for sure is they are not criminal masterminds.

  • Reply to

    Some perspective about how things work and worked

    by navkram Apr 1, 2014 5:59 PM
    navkram navkram Apr 2, 2014 12:42 PM Flag

    There is no way the recall would have derailed the bailout. In fact, identifying the potential recall would have protected the company completely under bankruptcy law. The only reasons to not disclose it in bankruptcy would be 1 they didn't know or underestimated the liability, or 2 at some level managers understood the liability but suppressed it because of laws that would make them personally liable.

    As I said, I think it is #2.

  • Reply to

    Some perspective about how things work and worked

    by navkram Apr 1, 2014 5:59 PM
    navkram navkram Apr 2, 2014 12:35 PM Flag

    One last note that may be important to shareholders -GM from the late 90s to the bankruptcy was absolutely brutal with it's suppliers. If you look at the number of suppliers that went bankrupt or terminated business with GM in a pile of lawsuits to try to save themselves you will find some explanation for why GM was a mess. It started with Ignasio Lopez but it never ended. The release engineers were then faced with trying to force suppliers to make changes for low price when the supplier was better off walking away. Delphi got the worst of it. Not only were they the largest supplier to GM but GM gave them the expensive union contracts that said the workers get paid even if there is no work for them. In short Delphi could not walk away so GM just killed them.

    I could go on and on but the point is this -more than half of every car GM built was designed, validated and produced by people who were treated like crap, bankrupted, layed off, pensions and health care eliminated, and defaulted on while GM handed everything to the UAW. GM didn't get bailed out, all the money the Fed gave GM went directly to the UAW which under bankruptcy law was an unsecured claim -below bondholders, above shareholders. There is no shortage of technical experts for the lawyers to call detailing how cheap GM was.

    The other fact -if liability is established but GM bankruptcy protects the new GM why not go after the $50billion the UAW took in bankruptcy? It has absolutely no legal precedent or support.

  • Reply to

    Some perspective about how things work and worked

    by navkram Apr 1, 2014 5:59 PM
    navkram navkram Apr 2, 2014 11:56 AM Flag

    Ralph BOZO Nader is on now blaming executive personality flaws for loss of life. As you watch consider a more direct and logical answer
    how much does each job pay?
    engineer responsible for making things work -mid five figures
    manager responsible for eng -low six figures
    CEO resp for managers and shareholders-low seven figures
    Lawyers responsible for NOTHING but blame low eight to ten figures!

    If we want a better system, why don't we take some of the money we blow on lawyers and fund a real NHTSA that can step in and take the engineers from the car companies and directly assign them to fix each problem that comes up?

LINE
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