I think the Nuns accounts had too many box hedges, pair trades, core sleeves, tradings sleeves and other gimmicks that most of us would call churning.
Weren't you banned for life from offering investment advice Paul?
Everyone can google Paul Chironis and see what kind of person we are dealing with.
MPEL is below it's Jan 15, 2007 price.
Eight years of posting "good news" and the stock is right where it was in 2007.
Gee, with all this good news , MPEL should be hitting new highs.
Yep according to squeezetracker it has been nothing but good news for the last year now. Good news at $40, $35, $30, $25.
How about all the employees you hired that were educated with my tax dollars? Did you build that?
Usually a lender would waive some covenant in exchange for some extra interest. That avoids default, but the stock would likely still tank.
I thought the in demand stations were the high UHF numbers. I Remeber seeing an article that said GTN has nothing there.
If a financial advisor gives me a stock that proceeds to lose 45% over the next year and all he can say is "God bless the believers"....I fire him on the spot!!!!
There is a giant paragraph there and you only read the first 2 sentences. The rest of the paragraph explains things like... making an acquisition in cash would negatively affect results unless it generates some earnings and cash flow.
That is why they exclude that kind of thing from AFFO, because it isn't a consistent expense. It doesn't say they exclude ALL expenses.
My initial thoughts are a defensive move. But I've been trying to think through the logic of it being some kind of tax shield.
I would think if there were an inquiry of interest towards buying the company we would see some sort of 8-K any day now. We may not get an answer until the next conference call.
I agree (out of character)... NATH has always been very conservative with their balance sheet. Been trying to think this though.
Steel Partners doesn't own those Nathans shares anymore. They were transferred over to NOL shell COSN in exchange for COSN stock.