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December 6, 2011 at 12:09 PM in reply to: OT: red light camera ticket for right turn and 0.1 secs #734133
ucodegen
Participant[quote threadkiller]P.S.- I think lojack makes a product for laptops, might want to consider it for the new one,assuming there will be a new one.[/quote]
There is. It ‘phones home’.
[quote briansd1]That idiot thief should have reformatted the harddrive and reinstalled the OS.[/quote] They still won’t be safe. This LoJack sits in the BIOS. Because it is in the BIOS, it can also control who/what can reflash the BIOS.If you have sensitive info that you don’t want them to see, you might want to look at PGP and/or TrueCrypt.
Participant[quote=Rich Toscano][quote=markmax33] Even Rich agreed with the fact the fed and Fannie Mae and Freddie Mac were the enablers of the housing bubble. [/quote]
Can you please stop A) dragging me into your debates and B) misquoting me?[/quote]The price of fame.. <snark>quoting you can give the author a sense of authority, even if mis-quoted.</snark>
BTW: Thanks for the Austrian links.. some of my reading I need to do this weekend.
Participant[quote Rich Toscano]I also pointed you to a couple things I’d written that were in support of the idea that people ought to pay more attention to the Austrian economic framework (that being the topic you emailed me about) in diagnosing the economic cause and effect.[/quote]
I assume that the items you wrote were referenced in an Email as opposed to anywhere else.. is there a possibility of sharing those ‘more publicly’?? Sounds in like an interesting topic.Participant[quote=urbanrealtor]I get that its a flip.
I don’t mean to be dumb but, in all seriousness, how is this fraudulent?What misrepresentation appears to have taken place?
That is a serious question.[/quote]
The possible fraud was in mis-representing the value and sale in the short sale. If the short sale went for $1mil, but the actual sale price it would have commanded if the sale was ‘open market’ was $2mil, it is a fraudulent short sale.It would almost be like your broker representing your house on a sale conspiring with another ‘investor/broker’ and stating “I know this guy(you in this case) really doesn’t know what this house is worth so I will tell him it is worth half what we know we can get for it and I’ll get him to sell it to you. We then hold on to the house for a short period of time and then sell it for the real price and split up the difference between us. Your broker (the sellers broker) is supposed to be representing you, the seller, in this transaction.
The fact that it listed exactly 1 day past the ‘watch period’ makes the short sale possibly questionable.
Here is the ‘flip’:
http://www.redfin.com/CA/Malibu/18434-Coastline-Dr-90265/home/6850638Hard to tell how much was just cleaning up and staging. The initial sale didn’t seem that serious. Only 4 photogs on the listing and no attempt at ‘cleanup’. The flip has 29 photogs. Looks like mostly ‘cleanup’ and ‘declutter’, but it is hard to tell because of the lack of photogs on the first listing. The difference might be worth a few 100K, but not 1.5mil.
Participant[quote SK in CV]Simple answer, no, it would not necessarily be true that when BofA issues $400 million in shares it would substantially dilute the value of existing shares. I don’t know what their current status is with regards to shares issued and outstanding, but let’s assume for a moment that they need to raise $400 million.[/quote]
It looks like the sale is of newly issued shares. There seems to be some part on the issuance being tied to the repurchase of preferred shares, and “junior subordinated debt”. The amount is 400 million shares for approximate proceeds of $2.6 Billion.
It is worth looking into. If the repurchase is happening when the junior subordinated debt is heavily discounted (beyond what might be justified) then it could be a good move for BofA. Something that needs some digging into.
As for dilutive effect, it occurs dilutive against earnings per share, revenue per share, and voting but not value since the equal $ value is received on the sale (note: this may not exactly be true due to how such stock sales are handled. Someone like GS might purchase or ‘broker’ all of the entire 400mil shares to be issued, but at a discount. GS then may or may not slowly sell onto the open market, capturing the difference.). As SK in CV mentioned, the new share issuance itself can move the market.. as well as the sale onto the market of these shares. Both are most likely in the downward direction.
ParticipantEffectively all of a company’s value is represented in stock (common & preferred). The actual value of the stock is negligible (see the par value). To increase the number of shares that can be issued, a vote has to go before the common shareholders. Whether this vote is binding – Need to check with the legalese with respect to the state that a company is incorporated in.
What you might want to look at is the number of shares issued vs shares outstanding. Check book value per share vs actual share price. Does the potential or historical growth justify the difference between book value and share price? Also look if there is a pattern of issuing more shares for operations (as opposed to using issued shares for acquisitions). Also look at the free cash flow as well as EBITDA Will the company need to do something like issuing more stock to finance ongoing operations.
As for any one place that has all of these factors without having to enter data.. That is a different question. Some brokerages may have the data available to filter on.
Something on Groupon..
http://seekingalpha.com/article/305724-expecting-groupon-s-subscriber-growth-rate-to-plummet-soon?source=yahooParticipant[quote=Allan from Fallbrook]
These are all products of military R&D that has migrated into the commercial sector. Silicon Valley was built on Department of Defense and DARPA money; shit, huge sums still run through there (though not nearly as much as during the Cold War days).[/quote]And Sun Microsystems, Silicon Graphics, Cisco(ArpaNet->present day internet), Oracle(DOD is, maybe now was, one of the largest users of databases. It may still be the one with the largest DB), Cray..
And then there are other companies outside of Silicon Valley like DEC, National Semi, Fairchild, Motorola and Intel.
ParticipantI’ve tried some BevMo sold wines and beers and was disappointed by some of the quality. It seemed that even some of the brands I liked didn’t taste as I remembered. I found out that BevMo doesn’t always follow temperature and storage procedures for the wines and beers. Most of it is open storage in the range of 68 to 76 degrees.
One of the places I have found for good quality wines at a decent price is 3rd Corner in Encinitas. It is a combined Wine Shop and Bistro. There are also 3rd Corners in Ocean Beach and Palm Desert. The prices are fairly good, though they also carry some more expensive wines as well. Most of them are NOT the common labels. I have found that many of the common labels actually buy the wines from other winerys and relabel.
October 24, 2011 at 11:22 PM in reply to: End Collective Bargaining with Public Unions in CA #731266ParticipantWith respect to foreign paralegals, etc.
India’s second language is English, 3rd language for Filipinos (after Tagalog and Spanish).
It is already happening:
http://www.businessweek.com/magazine/content/06_38/b4001061.htm
Whether this is for better or worse.. dunno.ParticipantOne thing to watch out for on dividend yielding preferred stocks. Their movement is similar to bonds on interest rate fluctuations. All yields tend to be priced relative to the zero-risk rate of return (generally considered the treasury yield). If interest/treasury rates go up, the face price (preferred stock price) will go down. What the dividends give, the stock price movement may take away.
ParticipantOld topic that woke up?
I would be careful on any purchase of these. It looks like the uphill/inward houses are being sold before the downhill/canyon facing houses get built. Looking at the architecture style, it is likely the houses that would be built across the street would have cut into the views of these houses.
Outside is a bit bizzare, the grey one looks more interesting architecturally. The view from the inside is nice though. They look like they have an almost ‘vertical’ floorplan, where each ‘floor’ is a different part of your house. Imagine your present house sectioned so that you have to go up or downstairs for the next room – not just across the hall. Worth over $3Mil, I think not.
NOTE: Looks like the south facing windows are not double-paned either. With all that glass – going to get toasty.
ParticipantThe article states when the president’s workday ends.. but at what time does it start? If he is starting at 5am.. that is a long workday, on the other hand, if he is starting at 11am.. that is kind of short. It is a rather glaring thing to omit in the article.
ParticipantOk.. some quick ones. It almost sounds like a broken pipe, possibly under the foundation. Yes there is a way to locate it, but you probably do not have the tools.
With the water on.. running for about 1 day if checking for moisture near the foundation.
- Are you on slab or raised floor (most newer houses are on slab)
- How fast (cu feet/min or gal/min) is the leak?
- About when was the construction of the house.
- Is there any water appearing around the foundation, or is ground near an area of the foundation wetter than normal?
- Hopefully none of the carpet nor walls(check near the bottom of the walls – where they meet the carpet) are getting wet.
- Is the output side of the hot water heater always hot, even if someone has not taken a bath, done dishes, washed clothes for quite a while (hot water heater may be cycling more often than normal)
If it is under the slab, a person will have to locate the leak through sound. There is a tool for doing this. They will then have to pull up any carpet over the particular area followed by cutting/jack-hammering through the slab to get to the leak. They then cut out the bad segment followed by replacing the sand, moisture membrane, concrete and then finally sewing together any carpet that they need to.
Participant[quote threadkiller]By the way I’m thinking if the market gets low enough I might become a day trader. There is another term for day trader but I can’t recall it right now.[/quote]Another word for day trader? how about “broke”. The success rate is less than 1 out of 10.
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