Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (10108)	6/24/1999 6:58:00 PM
From: Doo	Read Replies (1) \| Respond to of 18998

My Lord P^(k..... Hundreds of posts, by goons hawking a POS, no doubt. I must have dosed off and missed His blessing of a suitable turd or three upon the next Mr. Softy, or some such noise. Pray, Sweet Prince, do sing again.... Your Grace.....

To: Mr. Pink who wrote (10108)	6/24/1999 7:20:00 PM
From: patlew	Read Replies (1) \| Respond to of 18998

Call on me Mr P!nk. I have many links to Carlos Gomez. I hear that he is also known as El gallo del cielo. He is a fighter: cyberboxingzone.com He is a movie star: videoflicks.com He sells sea shells by the sea shore!

To: Mr. Pink who wrote (10108)	6/24/1999 7:41:00 PM
From: StockDung	Read Replies (4) \| Respond to of 18998

Mr.Pink, I have been looking all day and the only Gomez I could found was in a IDTC 10Q. Do I win a prize? edgar-online.com n May 1998, the Company entered into a joint venture with Mr. Carlos Gomez, a distributor of prepaid calling cards. Pursuant to the terms of the transaction, the Company agreed to issue up to 200,000 shares of its Common Stock, of which 100,000 of such shares were issued in May 1998. Subject to the satisfaction of certain performance criteria, up to an additional 100,000 of such shares will be issued in 1999

To: Mr. Pink who wrote (10108)	6/24/1999 8:04:00 PM
From: RockyBalboa	Read Replies (3) \| Respond to of 18998

Mr P1nk, Any candidates in the commercial lending sector to short? --------> Thursday June 24, 7:39 pm Eastern Time Shakeout seen for U.S. real estate lenders By Tim Ryan NEW YORK, June 24 (Reuters) - Small lenders in commercial real estate are slipping back to overly aggressive underwriting standards and facing an industry shakeout that will have many leaving the business by next year, said panelists at a forum on real estate securitization here this week. The economic upheavel and liquidity crisis of last fall has not yet purged the commercial lending sector of its ills, participants in the commercial mortgage-backed securities market said. ''There are still too many parties chasing too many loans,'' said Daniel Sparks, vice president at Goldman, Sachs & Co, adding that ''there will be fewer originators of loans by the end of next year.'' The shakeout will begin after small commercial real estate lenders get a look at their results for the first quarter of 2000, said Chuck Rosenzweig, managing director at CDC Mortgage Capital Inc. ''We'll see a good shakeout after the first quarter of next year when they see they didn't make any money,'' he said. Robert Brennan, managing director at Donaldson, Lufkin & Jenrette, said he expects many of these players to fail to meet their goals for both profit and origination of loans. ''We'll see some shops close up,'' he said. Daniel Smith, senior director at GE Capital Access, said some players have already seen their profit margins shrink in half. But yearend results may hold some big shocks for some players, added John Taylor, managing director at PaineWebber Commercial Real Estate Securities. ''Some are not operating at a profit at all, but they don't know it yet,'' he said. The specialty finance sector -- particularly home equity lenders -- has already been hit by the events of last fall. A number of those lenders have left the business, put themselves up for sale or filed for bankruptcy. Market analyts said the home equity industry left itself vulnerable to the kind of turmoil experienced during last fall's credit crunch by relying too heavily on securitization as opposed to other forms of financing, and by being too aggressive in their prepayment assumptions and underwriting standards. Those lessons were apparently lost on some players in commercial real estate lending, said participants at the conference hosted by Frank J. Fabozzi/Information Management Network. ''We had about two hours of quality underwriting in January,'' quipped Richard Jarocki, director at Salomon Smith Barney. Among the disturbing trends seen in underwriting is a willingness to lend with lower reserves, and sometimes no reserves required to offset potential losses, said Debra Huddleston, director at Credit Suisse First Boston. ''Underwriting standards on the fixed-rate side are as stretched as ever,'' said Rosenzweig. Brian Baker, vice president at J. P. Morgan, said many originators have become entangled in a ''feed-the-machine'' mindset that is driving them to loosen underwriting standards to keep stoking loan originations. Baker added he was hopeful for a shakeout, which he said should purge the industry of a glut of competition and improve underwriting. <-----------------------

To: Mr. Pink who wrote (10108)	6/24/1999 8:31:00 PM
From: Mad2	Read Replies (1) \| Respond to of 18998

Carlos Gomez is a common Latin name. Is this the one you refer to? Copyright 1999 N.Y.P. Holdings, Inc. All rights reserved. The New York Post March 27, 1999, Saturday SECTION: All Editions; Pg. 010 LENGTH: 110 words HEADLINE: WE HEAR ... BODY: THAT there is new "evidence" for Rev. Jerry Falwell's theory Tinky Winky - the purple, purse-carrying Teletubby - is gay. The Itsy Bitsy Entertainment Company, which produces the British kids show, is underwriting a benefit in L.A. in June - and it's for AIDS research ... THAT architect Alison Spear has weathered her husband Carlos Gomez' imprisonment for embezzling $18 million from Citibank and is designing the new Miami showroom of furniture dealer Holly Hunt ... THAT real estate broker Carrie Chiang of the Corcoran Group buys, sells and rents so many apartments for residents of Hong Kong she keeps all her clocks 13 hours ahead - on Hong Kong time. LANGUAGE: ENGLISH LOAD-DATE: March 27, 1999