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Diana Containerships Inc. (DCIXV) Message Board

twhite113 9 posts  |  Last Activity: Apr 28, 2016 5:54 PM Member since: Mar 9, 2007
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  • Reply to

    Metric 31 clarification

    by twhite113 Apr 28, 2016 1:50 PM
    twhite113 twhite113 Apr 28, 2016 5:54 PM Flag

    Maybe, maybe. We'll see.

  • Reply to

    Metric 31 clarification

    by twhite113 Apr 28, 2016 1:50 PM
    twhite113 twhite113 Apr 28, 2016 5:23 PM Flag

    I just can't look at stocks emotionally like that...maybe I should. I do know they are no longer run by Erbey and I think he was the reason they have such a bad legacy and are dealing with all the added scrutiny. Mortgage servicing is a necessary, albeit less than altruistic, business. In the end I think it has good risk/reward with debt maturities no longer a near term issue.

  • Reply to

    Metric 31 clarification

    by twhite113 Apr 28, 2016 1:50 PM
    twhite113 twhite113 Apr 28, 2016 5:13 PM Flag

    Not my words. It was in quotes for a reason. Also, listen to the ASPS call for their opinion about this specific matter. As far as the press release from OCN of a positive progress report from a regulator, also known as spin, can you blame them?

  • "The Monitor’s report also discusses a matter related to the third calendar quarter of 2014 and Metric 31. Ocwen exceeded the error threshold under Metric 31 in the third calendar quarter of 2014. Ocwen takes borrower harm very seriously and worked with OMSO to place certain loans on a hold to ensure that no foreclosure sale would take place until OMSO reviewed and validated that all matters associated with Metric 31 were resolved. The Monitor’s report today further noted it has approved the corrective action plan for Metric 31, and that Ocwen reported completing all implementation of that plan as of March 8, 2016. These holds are not “frozen foreclosures” but rather an agreement not to foreclose until OMSO reviewed and approved Ocwen’s remediation. Many of these loans have never been referred to foreclosure and never will be. The Company has already resumed internal testing of Metric 31, and expects future OMSO reports will reflect that its concerns are resolved."

  • Reply to

    Pretty terrible results

    by fatoldmaninnj Apr 27, 2016 4:39 PM
    twhite113 twhite113 Apr 27, 2016 4:59 PM Flag

    The way I look at it, is with their recent debt changes, they have the time to wait out two catalysts: a positive resolution to the monitor and a rise in interest rates. Meantime, this is still meaningfully below it's tangible book value and has legitimate wall street institutional ownership including Putnam, GS and Baupost (Seth Klarman). We'll see if their call is better than last Q's.

  • I can't post a link i guess, but there are several article in trade journals from the last couple days - here is a quote from one blog,"Point B and Beyond":

    "Seagate has unveiled what it claims is the “fastest-ever” solid-state drive (SSD), capable of transferring data at rates up to 10 gigabytes per second (GB/s). This is more than 4 GB/s faster than the next-best drive available. This is a boon for organizations that demand blazing performance, the company says.

    Seagate didn’t announce the price of its new SSD, which is slated to ship this summer, but given the drive’s bleeding-edge specs, it won’t come cheap. The unit is targeted at large-scale cloud providers and other enterprises that process massive amounts of data in real time or for object storage. Potential uses include Web applications, weather modeling and statistical trend analysis, Seagate explained in a news release."

    It seems exciting to me, but I am not as familiar with the technology fundamentals as many posters here, so i was hoping for some comments.

  • twhite113 twhite113 Feb 25, 2016 5:30 PM Flag

    CEO Bryan Bedford: "Over the last several months, we've attempted to restructure the obligations on our out-of-favor aircraft made so by a nationwide pilot shortage and to increase our revenues. Its become clear that this process has reached an impasse and that any further delay would unnecessarily waste valuable resources of the enterprise. Our filing today is a result of our loss of revenue during the past several quarters associated with grounding aircraft due to a lack of pilot resources, combined with the reality that our negotiating effort with key stakeholders shows no apparent prospect of a near term resolution."

  • Reply to

    Funny how Cramer didn't mention

    by smellsfishy27 Feb 24, 2016 7:04 PM
    twhite113 twhite113 Feb 25, 2016 9:09 AM Flag

    Was just on saying he warned back at the beginning of Feb...not sure if that is accurate as he often says contradictory things day to a politician.

  • Reply to

    47 ask? Wow

    by altairman56 Feb 23, 2016 4:15 PM
    twhite113 twhite113 Feb 23, 2016 4:39 PM Flag

    You meant 67, right? lol

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