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aussiebear

World Stock Markets Trading Discussion - Feckless feinting

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PARTY LIKE ITS 2009!!!!!!  or MONEY FOR  NOTHING AND YOUR WARRANTS FOR FREE

 

So Warren B gets 8% on his ten billion  in prefs

AND

80 million in free warrants

This is the sort of deal Warren was getting in 2009.

 

But let us look a little bit more closely at Anadarko and Oxy.

Thier share prices have almost halved on the past few years.

Thats because it has slowly dawned on Mr Market that both companies really dont generate any free cash flow.

Combining them wont change this.

The only way to stop the rot with these 2 is:

1/ Higher oil prices - pay down debt - restore equity value. or

2/ major cost reduction.

 

I wouldnt want to be a common shareholder in the merged entity.

Chevon should let the deal go ahead and buy them out a couple of years latter at the inevitably low stock price.

Because the merger will creat another publicy listed LBO.

Dependent on low interest rates to survive.

(shouldnt these companies be called "public private equity"?????).

With all that debt any rise in interest rates will destroy the common dividend and lead to a lower stock price.

 

Warren has appeared to have learnt his lesson from Kraft Heinz and  avoided the common shares of a highly leveraged company. Just too much possible downside.

The prefs meet the margin of safety rule. Let some one else own the downside.

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5 minutes ago, Jimbo said:

should these companies be called "public private equity"?????).

 

 

With the trillions in buybacks the entire market and system has become public/private equity.

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3 day cycle projection  2969. 

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Little known fact. Boeing   MCAS system was reversed to keep the nose up of the stock market up and is working perfectly.

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2 day cycle projection 2957. Also trend resistance on  10 minute bars. 

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2 hours ago, Jorma said:

Little known fact. Boeing   MCAS system was reversed to keep the nose up of the stock market up and is working perfectly.

MCAS

Market

Crater

Avoidance

System

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the Fed also said it would slow the monthly reduction of its holdings of Treasury bonds from up to $30 billion to up to $15 billion beginning in May.

 

Powell says asset prices not "extremely elevated"

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Tremendous volatility within a 0.3%  range. 

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On the wire

Clorox expects slower sales growth.

Are they accounting for the cleanups that will be required after Barr and Powell?

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