r u serious dude ? creating topics harassing authors with vulgar and slanderous accusations.
against the Yahoo rules of service. have you not learned this yet ?
now i understand why u can't learn the market either.
if u making money like u claim, u B out spending it, not posting 24/7 on MB's like a fool.
u surely don't make 5 or 6 figure trades. the way u act not sure u even in 5 or 6 grade.
only unsure thing left. do i waste time reporting U ?
maybe somebody else will.
how many id's u lost ?
and ur Surprised ? anyone following the KLC paper knew this would happen. nearly all of the outstanding shares for KLC became available for trading Thursday. with 2 trading days at +700% avg volume the only real surprise it's holding quite well out of the Thursday open. at the moment this is an unrealized loss and it's doubtful Soph is going to sell at the bottom. he won't sign contracts at the bottom so why would he sell the KLC shares at the bottom ?
yes, looking for confrontation is all he does all day from the basement of his mother's house. i haven't posted on this board in over a week and something lights up his chute ? maybe he was drinking, smoking or sniffing last night and got all confused.
btw dingle nut... i bought in the mid 1's back in Dec '12 while you arguing the buy. can't remember that in ur drug induced stupor ? sold some MAY mid 5's then SEP high 6's to completely cover my capital + vig. now I hold a FREE share count and i WILL buy more again at the bottom.
just because u cannot make money in the market doesn't mean EVERYONE else can't. I wouldn't, nor should ANYONE else ever take a word of ur trading advice. u might know a bit or two about shipping but ur trading, financial and social skills are as bad as it gets.
high grade bonds (AA ) selling substantially above coupon, w/o call have little yield. i'll take a CD at that point.
each his own. if you wish to buy debt above par ur choice. i just don't do it nor do the institutions. buying above par almost guarantees u hold it to maturity.
regardless of the individual semantics of how one views value of debt, the bottom line is the sale of the RBS held EGLE debt below par is nothing unusual. done every single day.
if EGLE starts selling ships below market value that would be something to actually get concerned about.
"But it is decidedly NOT true that "all debt... is sold at a discount". The secondary market price depends on several factors including the credit quality and the current structure of interest rates."
first Bonds and CLO's are two different animals. your Navios debt is a bond.
yes. anyone familiar with debt markets understands that yield and price are inverse factors. normalize that from purchase/initiation and ALL secondary debt is sold at discount. has to be or the debt market wouldn't tick. buying debt over par and getting called is a rookie mistake. retail investors are the only one's buying debt over par. seasoned traders know better.
ok Wile E. (a.k.a.) super genius. since u don't know. nearly all debt, particularly syndicated debt, is sold at discount in the secondary market. this EGLE loan is no different.
why is RBS selling the loan ? research Basel III ? RBS doesn't have much choice. off loading one of their largest is the fastest way to compliance. staffing to sell a bunch of tiny loans makes no sense.
the real question is...why r so many in line to buy it. TCP, OCM, BAC, CP. RBS held onto this debt for long enough, collected nearly $20M in interest Q2 alone. since inception ? u add it up. that will give you all the answers. they aren't 'loosing' anything.
and as far as "collecting the full face value". just not how commercial loans work. it's not a ma & pa mortgage.
oh boy...more message board wisdom !. whomever (RBS or other) holds the debt does not own the ships. they can't just start taking vessels. EGLE is currently 100% compliant in their contracts and since inception has ZERO payment default. can the bank just take ur house or car any time they so decide just because they hold the debt ? how ridiculous !
uh ? if ur going to call everyone wrong ever, u should at least be right all the time umbdass. the asset on Egle balance sheet is KLC stock not bunker fuel. 25+M in bunker fuel ?? now that is... stupid nonsense.
hey hey hey.... u finally figured it out. so proud of u. unfortunately quite late to take advantage of the run.
what is missing is an unbiased view on ur part. if ur going to put credence in ratings then THREE companies have upgraded the stock in the last month, Global Hunter, Jefferies and Zacks. if u search only for blue stones you will never find red ones.
well here is some help. one has a 6yr old 2.5M DWT fleet. the other has a 16yr old 200k DWT fleet. you figure which. maybe the pps is the first clue.
yep i'm the idiot who bought this in Dec '12 at mid 1's while u the genius where arrogantly arguing against a long position. one fact for sure. absolutely glad I didn't listed to you then and surely won't EVER listen to u now or in the future. u are too close to the propeller to see the whole ship. 1's to 8's. that says it all. nothin else matters ! well that's if u are in the market to make money. i'm suspecting you really have no money to invest just here for commentary to listen to urself.
go ahead write congress. that will just get you put on the FBI list of unstable cooks. u whine and cry on this board daily whether the stock is UP or DOWN. seems that you are making emotional trades based on what u read on this message board and not on any fundamental facts.
the same ol' gurgitate and regurgitate the short crowd has been selling for months now. nothin but hysteria bout very little. please don't "save" us. were all makin plenty of cash without u !
Bankruptcy and $10 loss ?? you must be getting all ur research from this ridiculous message bd or the numerous rags out there in dire need of selling stories. eagle has never missed a financial payment. most companies that are teetering on bankruptcy miss payments, have escalating a/r and haven't paid taxes in years. yes they have restructured covenants and terms but that is mostly feel good equations, much more bark than any bite.
u actually think the rise in EGLE pps has anything to do with a Q3 report ? must be too close to the propeller to see the whole ship !