sampr01

Why MX now Thanks

Thanks. This is an individually managed account for past three years and managed by him through Integrated advisor solutions NOT through his fund. He terminated his relationship recently with Integrated advisor solution and received a letter stating that transfer account to another broker in 30 days. I will check my paper work and get back to you. Thanks

Thanks for suggestions. Compliant is mainly for too concentrated portfolio in two distressed companies wiped out close to 2/3 rd of $$, when it should have been low risk and conservative. I am not going to disclose who the advisor is. I discussed with this with advisor already and he is okay with it. Thanks

Hi CoBF members Did any one filed a recovery claim or compliant against a financial advisor?. If yes, please can you share resources or any template letter that you have used. Are they any attorneys on CoBF willing to help me with arbitration process, please let me know. Thank you

Hi Packer What are your thoughts on this company. Are you following this company before Thanks

Thanks ?. How did you do that. I googled but unable to come up with any hits Thanks

I have been following Steven Wood (GW investors) from early days of FAITY research (he is the one indicated $RACE spin off long before everyone). In his blog he recently invested in an European company with same potential as Fiat. Hints are: 100 million FCF, he has Board seat, and New management.. I am curious... any way find out with clues for fun... .... Our largest position in Europe, where we have a board seat and are working with a new management team to transform the company, is most likely going to become a holding company. Around 30% of the revenue of this company is generated in a “shitty” industry that has no chance of becoming a growth business. But it is a local monopoly with substantial barriers to entry. Furthermore, it provides the platform upon which we can build its other businesses and launch a significant number of new growth initiatives. Excluding two assets which generate none of the cash flow today, we have obtained a €100 million cashflow stream for free. Free is a good price to pay, particularly when there is no bankruptcy risk nor debt. This setup is eerily similar to our purchase of Fiat whereby we got Ferrari at a deep value price of €4.5 billion, and got the rest of the business for free. Eventually, shareholders of both companies have and will end up owning multiple pieces of paper. ......

Don't worry, already there. It looks like they cut their DIV for this quarter.

Debt holders with warrants are selling most of the shares. But FELP is not totally dependent on export. From last CC, they said they were being opportunistic, going after whatever market that provides the best margin. In fact, for overall 2018, higher API2 price did not bring much improvement on margin. Most of the increased price was eaten up by transportation cost. I am hoping they can move more volumes domestically in 2019 and achieve higher margin. One thing to consider is also the long term nature of the contracts and how lower or higher prices slowly roll into the P/L as older contracts end at different points in time and new ones are done under the respective current conditions. The recent stock price decline was rough. The volume is quite high and suggests a somewhat larger investor might be trying to get out. There was no Form 4 from any of the very large holders. At this point we should also be pretty much through most of the warrants overhang (or perhaps part of this sell off represents the remaining post warrant conversion liquidation?) I am trying to understand the current sell-off beyond the changing conditions in the export conditions as other ILB producers have only slightly sold off. It feels a bit like what normally happens after a dividend cut. Perhaps the expectations priced into the stock in terms of distribution increases have now been shattered due to reinvestments in Hillsboro and the deterioration in the export market. There was also some news of potential new capacity in the ILB basin. I guess all of that could add-up to "lower distributions for longer", but does it really warrant such a reaction on the stock price? The second lien notes are trading at a 19% yield versus a current dividend yield on the common of 14% (with $4.4 in MQD arrears which don't seem to get much value anymore). If distributions really don't change for the foreseeable future then it was probably unrealistic to expect the stock to trade at a mid single digit dividend yield and the recent sell-off makes more sense, at least from the viewpoint of a yield investor. On top of that, the equity is fairly small relative to the EV of the firm. Combine that with a commodity in secular decline and it should probably be no surprise to get a lot of volatility. The long term value described through out this threat hasn't changed much but the theses always rested on a sustainably favorable coal pricing environment which is necessary to de-lever and pay the MQD arrears. The recent decline in international coal prices might just be temporary due to a sharp fall in natgas prices in Europe (Germany) and coal import restrictions in China and longer contract negotiations can still be closed at reasonably attractive prices. But it certainly increases the risk that the domestic market will also be affected as potentially less domestic supply will be absorbed by the export market. I obviously haven't written anything new here but I wanted to see whether I could re-ignite the discussion in this threat somewhat.

Hi I would like to get some guidance on "how one can handle 1099-OID and issuer filed for BK after acquisition. Thanks in adavance Thanks

Wrister, Why do you think they will be taxed now?. Thanks Yeah. At this point I guess it's safe to assume all future distributions will be 'taxed'.

It looks like they changed to after market close.

https://www.cnbc.com/2018/05/18/eddie-lampert-says-sears-is-shrinking-shedding-assets-to-stay-alive.html?__source=sharebar|twitter&par=sharebar

Hi Picasso, Thanks for posting and agree with your sentiment. ESL buying whole or part of home services?. I am in sears debt for last couple of years and keep on rolling from 2017 to 2018 and 2019. I am too scared to invest in common based on prior experience with commons. Thanks

Self registration to sell up to approximately $1.2 billion of certain types of securities.. Cline want to exit now.. http://www.snl.com/Cache/c392145952.html