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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%Nov 6 4:00 PM EST

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To: Cogito Ergo Sum who wrote (49266)4/27/2009 8:08:25 AM
From: TobagoJack   of 217553
 
swine must be embraced :0)

spoke over lunch to rep of hk tycoon controlling one of the larger and better public property development/investment companies over lunch, and

his boss aims to further reduce leverage, from 19% of asset to single digit

the company sold 7 bil of assets in the past few weeks at profit, and had raise usd 1 bil about 1.5 years ago when their stock was 50% higher than now, and still sitting on that cash, also

according to friend, all the monney managers that chant 'the low is in' in front of him (he is responsible for vetting fund raisers) never saw the storm coming, and the only one who saw the storm coming is saying it ain't over.

his own personal target for personally buying hk real estate is 30% below current level, or about 25% above sars level.
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