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Mercury General Corporation Message Board

razzledazzle5050 33 posts  |  Last Activity: Jul 2, 2015 1:17 PM Member since: Dec 6, 2002
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  • Reply to

    8.13

    by blummie1000 Jun 23, 2015 1:54 PM
    razzledazzle5050 razzledazzle5050 Jul 2, 2015 1:17 PM Flag

    Looks like all the stock options given out to the the insiders are being sold and putting pressure on the stock. Thanks for their vote of confidence! NOT!

  • razzledazzle5050 by razzledazzle5050 Jun 29, 2015 12:02 PM Flag

    The judge who oversaw the Detroit BK was hired by PR. For Detroit's BK timeline read this.
    http://www.detroitnews.com/story/news/local/wayne-county/2014/11/07/timeline-detroits-road-bankruptcy/18654077/

  • razzledazzle5050 by razzledazzle5050 Jun 29, 2015 8:17 AM Flag

    Puerto Rico not gonna pay anymore!
    http://www.nytimes.com/2015/06/29/business/dealbook/puerto-ricos-governor-says-islands-debts-are-not-payable.html?smid=tw-share&_r=0

  • Reply to

    Ex dividend date

    by larryrutherford50 Jun 25, 2015 8:08 AM
    razzledazzle5050 razzledazzle5050 Jun 25, 2015 1:57 PM Flag

    Ex-div is the day it trades without the divy. If you buy it on July 7 you get the divy. July 8...you don't.

  • razzledazzle5050 by razzledazzle5050 Jun 25, 2015 1:49 PM Flag

    KPLUY is the OTC stock symbol for ADR's. An Argentina company owned by the Germans with a potash mine in Canada.

  • Reply to

    Big boys jumping in......Don't be short

    by joe096xp Jun 25, 2015 12:29 PM
    razzledazzle5050 razzledazzle5050 Jun 25, 2015 12:46 PM Flag

    Found this on Twitter: Dan Rosenblum ‏@sharkbiotech
    $POT reportedly could seek to acquire K&S is the rumor

  • Reply to

    #$%$??????????????

    by chevymalibu1966 Jun 18, 2015 10:39 AM
    razzledazzle5050 razzledazzle5050 Jun 18, 2015 10:48 AM Flag

    Argus research smacked them today. Same group that upgraded then with a $62 target right b/4 the FALL!

  • razzledazzle5050 by razzledazzle5050 Jun 18, 2015 10:42 AM Flag

    http://seekingalpha.com/article/3264685-new-flyer-industries-should-be-on-your-radar?auth_param=f6h8:1ao5hnl:bc0cc81045fe92793fd8df8aa413d713


    Summary

    Through market exits and acquisitions, NFI is the market leader in the bus space, controlling 48% of the North American marketplace and 33% of the aftermarket space.
    The company should see strong margin expansion over the next two years from growth in their aftermarket business both from new products and services and expanded reach.
    The 19.9% ownership stake by Marcopolo is likely to become a full acquisition at some point, as the Brazilian company is likely looking to enter the North American market.

  • razzledazzle5050 by razzledazzle5050 Jun 3, 2015 9:43 AM Flag

    It must be going well. First up day in what feels like years. You can find the slides for it on their website under Investor Relations".

  • Reply to

    upgrades moves POT to 6 year low

    by a2e2b May 29, 2015 9:45 AM
    razzledazzle5050 razzledazzle5050 May 29, 2015 10:33 AM Flag

    What upgrade?...looking at new D/G from TD Securities

  • razzledazzle5050 razzledazzle5050 May 27, 2015 10:38 AM Flag

    Sorry to disagree but the only volume day of note is the 20 million sold on May 19...nothing else compares.

  • Article in Bloomberg too long to cut & paste. Google the Hedge fund title above.. It's a good read.

  • razzledazzle5050 by razzledazzle5050 May 19, 2015 9:13 AM Flag

    MBIA (NYSE: MBI) announced the sale of an aggregate of 27,250,000 shares of the Company’s common stock by investment funds affiliated with Warburg Pincus LLC (“Warburg Pincus”) in a registered public offering. Warburg Pincus will receive all of the net proceeds from this offering. No shares are being sold by the Company or by any members of the management team.

    BTIG, LLC is acting as sole underwriter for the offering. BTIG, LLC proposes to offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by it and subject to its right to reject any order in whole or in part.

    Subject to the completion of this offering, the Company's subsidiary, National Public Finance Guarantee Corporation, will repurchase from BTIG 8,000,000 shares of its common stock that are the subject of this offering at a price per share equal to the price at which the underwriter will purchase such shares from Warburg Pincus in this offering.

    After completion of the offering, Warburg Pincus will hold 18,372,877 shares of the Company’s common stock and will continue to have two nominees on the Company’s board of directors.

  • Reply to

    Markets do not like uncertainty

    by fredmundi May 12, 2015 8:45 AM
    razzledazzle5050 razzledazzle5050 May 12, 2015 8:56 AM Flag

    No argument Fred. Mkts. hate uncertainty and the stock is paying the price for that. The $64,000 question is which way from here? I think up but I've been wrong many times.

  • razzledazzle5050 by razzledazzle5050 May 12, 2015 8:47 AM Flag

    MBIA buy rating reiterated at BTIG; PT lifted
    May 12 2015, 08:02 ET | About: MBIA Inc. (MBI) | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip
    While concerns about exposure to Puerto Rico's debt continue to weight on the stock price of MBIA (NYSE:MBI), writes Mark Palmer, the company is taking advantage by repurchasing shares - 8.6M in Q1, helping lift adjusted BVPS by $0.91 to $25.78.Still with $567M of cash at the holding company level as of March 31, the company repurchased another 1.9M shares after quarter-end. There remains about $95M of buyback capacity under the current program.Palmer and team reiterate their Buy rating, and boost the price target to $13 from $12.

  • razzledazzle5050 by razzledazzle5050 May 12, 2015 8:45 AM Flag

    My take is that things remain status quo. Not much change will happen until PREPA resolves.

  • Reply to

    Interesting Option activity today

    by razzledazzle5050 May 11, 2015 1:04 PM
    razzledazzle5050 razzledazzle5050 May 11, 2015 1:46 PM Flag

    The other thing that 37000 put transaction could be a roll from Aug. to Jan. at the cost of only .05. Good insurance for large holder or fund.

  • Reply to

    Interesting Option activity today

    by razzledazzle5050 May 11, 2015 1:04 PM
    razzledazzle5050 razzledazzle5050 May 11, 2015 1:38 PM Flag

    the 37000 put trade was a spread. Long Jan 7 put, short Aug 8 puts. Looks more like a time decay position. Non-directional. I'm not sophisticated enough of an option trader to know for sure

  • razzledazzle5050 razzledazzle5050 May 11, 2015 1:32 PM Flag

    The firm concluded that Assured Guaranty and MBIA are strong enough to withstand defaults from Puerto Rico public agencies that were subject to a restructuring law passed last year. The law has been struck down by a federal court, but is on appeal.

    Rob Haines, senior insurance analyst at CreditSights, said it would be “very helpful” if insurers offered more information on both their principal and interest exposure.

    “I don’t see why the companies can’t disclose this themselves,” Mr. Haines said. “It won’t violate any kind of conflict of interest they have or any kind of confidentiality that they have.”

    Of particular concern to some investors are so-called zero-coupon or capital-appreciation bonds, which pay no interest until they mature and can cost municipalities more in interest than regular bonds. Puerto Rico has sold billions of dollars of these bonds, including $2.6 billion tied to sales tax revenue in 2007.

    Ambac Financial Group Inc., another large insurer, backs $808 million of that. When interest is factored in, Ambac is actually responsible for roughly $7.3 billion. The numbers were disclosed in a special report regarding Ambac’s Puerto Rico exposure. In a separate spreadsheet, Ambac lists the principal amount for every bond issue it insures, but it doesn’t provide the interest.con'd

  • razzledazzle5050 razzledazzle5050 May 11, 2015 1:31 PM Flag

    Assured’s stock is up 4.2% on the year and MBIA is down 8.4%, compared with a 2.8% advance on the S&P 500. Both companies’ shares, however, are trading higher than they were during the depths of the downturn. From 2007 to 2009, MBIA’s stock fell 94% to $4.50, while Assured Guaranty’s fell by 58% to $11.29.

    Some insurers are planning to improve their disclosures, making it easier for investors to assess their claims-paying abilities. National Public Finance Guarantee Corp., a unit of MBIA, said it plans on Monday to update its website to include both principal and interest exposure for individual bond issues. Currently, only the principal amount is listed.

    The distinction is important because bond insurers are on the hook for both principal and interest payments if an issuer defaults.

    Assured Guaranty doesn’t provide a full list of individual bonds it insures across its various subsidiaries. But a spokesman said it provides principal and interest exposure on specific issuers “where we feel that may be useful to the market.” A breakdown of its principal and interest exposure to Puerto Rico entities is available on its website.

    For a report in January, research firm CreditSights had to estimate certain figures regarding the insurers’ principal and interest exposure to Puerto Rico.con'd

MCY
56.07+0.28(+0.50%)Jul 6 4:02 PMEDT