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Chimera Investment Corporation Message Board

priviet 67 posts  |  Last Activity: Oct 22, 2014 12:46 AM Member since: Aug 8, 2006
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  • Reply to

    Russian Gas

    by live4stk Oct 20, 2014 4:07 PM
    priviet priviet Oct 22, 2014 12:46 AM Flag

    agreed. been musing along similar lines. even if russia does not cut off eu via ukraine, i believe that fxen and poland are very well positioned. can't imagine that eu would want to stay hostage to russian gas in the long term. and, closer supplies probably good strategic move.

    jmho ....

    Sentiment: Hold

  • priviet priviet Oct 21, 2014 2:08 PM Flag

    actually, it is quite common.
    i used to be amazed, years ago, at the tenacity or sheer pettiness of shorts hanging into a stock, already beaten down - even under $3.00, just for a few more $0.05 cents. I've even seen them at the $1.00 store. perhaps some weird form of arousal at BK chance? i don't know.
    mostly just roll my eyes now. takes all kinds in markets..
    jmho ..

    Sentiment: Hold

  • Reply to

    A bold forecast

    by thewisejman Oct 19, 2014 5:11 PM
    priviet priviet Oct 21, 2014 12:00 AM Flag

    Excellent worldview taking in an abundance of factors, Wayne. Seldom do I run across this kind of clarity. The only thing I would add, and JMan mentioned this as well, is - education. The standards and emphasis here have shifted so far away from providing high-standards public education. Always claiming that cost is prohibitive.
    Pardon me for perhaps stepping on a few toes here, but, part of this is socially and culturally influenced. I am not talking about immigrants, rather, certain areas in this country that do not have much inclination toward providing real and extensive education and schools. and ... sadly, this is just fine with influential and wealthy old-world industrialists who want continued access to low-paid workers for labor intensive jobs. doesn't encourage real middle class prosperity.
    apologies for getting on a soapbox....
    jmho

    Sentiment: Hold

  • Reply to

    As we edge closer to November...

    by creedster_99 Oct 20, 2014 12:01 PM
    priviet priviet Oct 20, 2014 1:44 PM Flag

    agreed, cook. sometimes it looks as if posters on this board live in a vacuum.
    are they late on drilling status? yes. is this a small e&p outfit? yes. e = exploration. they have a good team mostly good results. communication ... probably not their strong suit. affects my investments as well as others. still .... i believe the story continues to grow.
    would not be surprised to hear a bunch of updates at the upcoming meeting.

    jmho ....

    Sentiment: Hold

  • Reply to

    Moron/panick

    by roquew Oct 19, 2014 4:10 PM
    priviet priviet Oct 20, 2014 2:15 AM Flag

    appreciate your posts and contributions, panick. hope you can ignore the critics and stay. even if/when you occasionally tout your biz, that really is minimal compared to your other insightful observations. we may not always agree, however, i do value your input. a lot of hacks on this board, unfortunately.
    jmho

    Sentiment: Hold

  • Reply to

    should BDCs buy stock in other BDCs?

    by marionpolk2000 Oct 17, 2014 12:20 PM
    priviet priviet Oct 18, 2014 6:25 PM Flag

    While I always appreciate, and usually agree with both yours and rodrick's comments, this time, I respectfully disagree.
    BDCs - like REITs can have much different business model and preferred sector focus. They do not all go after or compete for the same deals. So ... it would certainly be ok for one BDC to invest in another BDC that has deal-flow of an entirely different kind.
    JMHO ....

    Sentiment: Hold

  • Reply to

    should BDCs buy stock in other BDCs?

    by marionpolk2000 Oct 17, 2014 12:20 PM
    priviet priviet Oct 17, 2014 10:02 PM Flag

    interesting question. probably not unheard of. just consider if one bdc wanted to acquire another? that would be an initial position. so .. if a bdc simply wanted to capture gains from another they could buy for certain hold period to gain from exit.

    similar experience in reit-land just a couple of years ago. reits were beaten down but on recovery road. a large reit - agnc - announced in a quarterly conference call that one of their initiatives was buying stock in other reits to profit from recovery rather than only buying their usual mortgage debt. they did that in several reit buys and profitted handsomely. and ... the ceo was certainly not ashamed to tell shareholders about their profitable strategy.

    so ... why not bdc's?

    Sentiment: Hold

  • Reply to

    the bottom

    by valueseeker2011 Oct 15, 2014 8:44 PM
    priviet priviet Oct 16, 2014 12:28 AM Flag

    here's some truth veraldo:
    at about 1:30p today, downward mo abruptly ended. i say abruptly because from then on, there was no wishy-washy. very string buying on uptrend. over 2x daily volume.
    i can't tell you whether it was some hft algo that was tripped, some hungry fund that needed to feed, masses that recognized value at the same time or some astrological event.
    just the facts ... and data.

    will see what tomorrow brings ....

    jmho ...

    Sentiment: Hold

  • Reply to

    Seniority of Debt

    by thewideopenroad Oct 15, 2014 2:21 PM
    priviet priviet Oct 16, 2014 12:21 AM Flag

    ummmm, a little disagreement here .... often semantics cloaks reality. yes, they are called 'preferred equity'.

    however - if it swims like a duck and quacks like a duck .... preferreds have most debt-like characteristics: a stated fixed time-defined dividend, coupon rates, redemption features, a specified par value, and can also have credit-agency ratings. more to the point - the market generally treats preferreds as debt when you look at pricing. in other words, to a risk analyst, prefs are more a credit instrument than an equity piece. if a company were to stop paying dividends on preferred it is usually viewed as a default, and severely affects future credit capacity.

    jus' sayin' .....

    Sentiment: Hold

  • Reply to

    The ten year

    by ethison Oct 15, 2014 6:38 AM
    priviet priviet Oct 15, 2014 7:54 PM Flag

    I am specifically referring to businesses. with such inexpensive borrowing availability the cheap money can be used for biz investment, expansion, hiring, new products, etc....
    very worthwhile in long run..... yes, even when short term growth activity / sales is unknown or scary. businesses invest for the future...

    jmho...

    Sentiment: Hold

  • Reply to

    The ten year

    by ethison Oct 15, 2014 6:38 AM
    priviet priviet Oct 15, 2014 12:34 PM Flag

    Hit almost 2.00% today. still falling. or ... rather .... money scrambling to safe harbor in storm - ergo - 10yrT.
    I remember reading a noted investor/analyst about 8 months ago saying he thought the 10yrT would be around 1.85 - 1.95% at year end 2014. Most folks thought he was nuts as the FED planned ending QE.
    So .... rates still low, may be lower? Means money is cheap. perhaps good time to invest?

    Sentiment: Hold

  • Reply to

    Miller

    by whisperingpines1962 Oct 8, 2014 9:38 AM
    priviet priviet Oct 8, 2014 12:47 PM Flag

    while most small e&p plays are mostly spec, i still believe in the mill story longer term. lots of folks here can play armchair qb right now. as if the game is over. it ain't.
    yes, does need rebuilding. also notice that the whole energy sector is taking a significant hit. shippers also. bdc's also. dow as well #$%$&p all fall down. in other words, not all is due to mill alone. i too have wrapped puts and calls around core. have rolled most out, will probably need to roll more.

    question here for some with knowledge (excl. verado): what happens to sb's and his family's position in mill if it goes bk? and, what of the other exec's also? does sb have a 'back-door' to retain control and/or asset rights? lenders have demonstrated trust in mill. does sb also have capability to control any debt position if common equity falls?
    just curious....

    Sentiment: Hold

  • Reply to

    overloaded mb

    by muckahoy88 Oct 6, 2014 6:41 PM
    priviet priviet Oct 7, 2014 6:17 PM Flag

    only relative to gold. much of the rest of the world pegs its currency / value to the $Dollar. ergo .......

    Sentiment: Hold

  • Reply to

    market maker/short walk down

    by ted_milligan Oct 7, 2014 2:06 PM
    priviet priviet Oct 7, 2014 4:45 PM Flag

    pretty much agreeing with you. i too am looking for an entry point to increase position.
    i would also add that global energy prices dropping are also affecting mill as much as they are affecting all other e&p's.

    jmho..

    Sentiment: Hold

  • Reply to

    overloaded mb

    by muckahoy88 Oct 6, 2014 6:41 PM
    priviet priviet Oct 7, 2014 12:44 PM Flag

    The gold standard was pretty much dropped at Bretton Woods, after WW2. and, the U.S. currency was mostly adopted as exchange currency, nominally pegged to gold, eventually unpegged. By necessity. Europe and much of the world needed to be rebuilt. Increased liquidity and funds for investment made this easier and faster.
    yes, acceleration can work wonders. do you still want to go back to a pegged gold standard? or hard currency?
    and interesting musing over drinks, kind of like libertarianism. somewhat attractive, but mostly unworkable in a real-world context. at least today.....

    Sentiment: Hold

  • Reply to

    Ugly sell off....$3's almost here...

    by creedster_99 Oct 6, 2014 11:57 AM
    priviet priviet Oct 6, 2014 1:30 PM Flag

    agreed, Chess. look at all the other oil producers and the price of oil. all fall down. the pps slide in mill is mostly in concert with the energy market. not all mill's doing. i suspect that when energy reverses, and mill completes current activities, including ru9, tx sale and other measures, that pps will ascend. could be rapid?

    jmho, of course.

    Sentiment: Hold

  • Reply to

    HPQ divides into two circuses

    by langosta_fla Oct 5, 2014 3:39 PM
    priviet priviet Oct 5, 2014 4:34 PM Flag

    actually, i think it is a very good initial and interim step. provides some continuity while business models sort out and better visibility appears.
    very good move to split company, imo. was thinking this would happen 3 - 4 years ago. makes sense. i think that the enterprise firm will probably trend back toward hp traditional businesses. the pc/print biz? who knows?

    jmho ...

    Sentiment: Hold

  • priviet priviet Oct 3, 2014 1:14 PM Flag

    then why stay? Really?

    such a sham. pumping energy, making revenues, expanding footprint, significant financing from highly knowledgeable funders.
    are they golden? hardly.

    perhaps you might fare better in another stock that is golden?

    jmho .....

    Sentiment: Hold

  • Reply to

    PPS unmoved by falling oil prices

    by heypearlharbour Oct 2, 2014 3:07 PM
    priviet priviet Oct 3, 2014 2:45 AM Flag

    i don't know, but i imagine he was referring to the more recent oil drops? $8 to 4 began before oil started falling. big piece of that due to cms drama.

    heypearl's observations are on point. didn't warrant pissy replies.
    get over it.

    so much neg on this board. why is anyone here?

    jmho..

    Sentiment: Hold

  • Reply to

    Forbes Article

    by mag6277 Sep 28, 2014 6:27 PM
    priviet priviet Oct 3, 2014 2:37 AM Flag

    kind of hard to believe only $2B?!? Considering the settlements with other insurance firms over the subprime default mess, and considering the extended time .. it would be much more believable for a far more substantial settlement - even if it meant going to court. there is so so much on their side for leverage in this. even if the banks are shareholders, it is certainly unethical and may well be illegal to influence a judgement or resolution for the entire shareholder class.

    and .. even if the ceo is a caretaker .. she has been with the company a long time and knows the business and 'should' know what is required and needed, including executive talent, to go forward. both the board as well as the insurance commissioner have all seemed pleased with the ceo's performance through a pretty rough patch. am i missing something?

    jmho ...

    Sentiment: Hold

CIM
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