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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (26925)	5/25/2007 9:58:58 AM
From: Madharry	Respond to of 78618

I share your sentiments. I sold the balance of my meca today for a 15% gain. I had a decent profit in a short time and there are safer investments out there.

To: Spekulatius who wrote (26925)	6/1/2007 3:21:44 PM
From: Casaubon	Read Replies (1) \| Respond to of 78618

anybody have an opinion about the direction of interest rates, going forward from here? Let's say the ten year bond as a reference point.

To: Spekulatius who wrote (26925)	6/14/2007 12:10:44 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78618

I think found a cheaper way to buy into MPEL via Hongkong: finance.yahoo.com melco.hk.cn Market cap of MELCO (HK)=1.228Bshares x 11.5=14.1B HK$ subtract net cash of about 1B HK$ and EV value is 13.1B HK$ or 1.675B$ US$ Besides net cash Melco (HK) owns roughly 41% of MPEL. MPEL market cap is 4.95B$, so 41% are worth 2.03B$. In addition we have an assortment of other businesses that do 170M$ in HK$ of EBITDA/year. So it looks to me that by acquiring Melco (HK), I get a participation in MPEL at a 17.5% discount plus as a wildcard some other businesses for free. Since Hongkong does not have a capital gains tax there is no tax liability if Melco (HK) decided to sell MPEL. I hope my math is correct. I bought a position in 0200.HK tonight and tomorrow morning i will sell my starter position in MPEL. Net of my impending sell of MPEL i will double my bet in Melco.