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 : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Difco who wrote (43736)	8/5/2011 4:11:14 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78673

No, have not looked at the preferred. I don't like preferreds in general. Clownbuck has sometimes bought preferreds of stocks on the European exchanges; I never have done so to my recollection. I haven't looked at Porsche. ( Well, I did look at the Cayman and Carrera -- but that was a couple months ago when I had a MUCH larger portfolio than nowadays. -g-)

To: Difco who wrote (43736)	8/6/2011 10:36:10 PM
From: Spekulatius	Read Replies (3) \| Respond to of 78673

re Volkswagen - have you looked at MAN.DE. Volkswagen owns 55% and want's to take over the whole company. MAN trades at around 68 Euro and is on track to make 8 Euro this year. There is 2B$ in net debt on their balance sheet but this is mostly due to their financing business (They provide financing to their products). Take the away the financing related debt and the industrial business itself is largely debt free. MAN>DE stock price has retreated sharply during the latest swoon from almost 100 Euro to less than 68 Euro. I believe that Volkswagen will try to squeeze out technique on MAN.DE to gain even more control (do a required bid below market price to meet formal requirements which of course does not get any shares tendered and then buy them up on the market over time) which should reduce the float. I believe it's cheap and despite the squeeze technique, the shareprice should improve due to open market purchases from Volwswagen. finance.yahoo.com

To: Difco who wrote (43736)	8/17/2011 4:21:55 PM
From: Difco	Read Replies (2) \| Respond to of 78673

I've decided to hedge my euro exposure in VLKAY with ProShares Ultra-Short Euro (NYSE:EUO) ETF. I think with the euro sitting at $1.44 and both Germany and France unwilling to share credit with their southern brethren I don't understand why the premium over the USD, but as I said it's just a hedge. If the euro goes down to $1.20 and share prices in Europe don't change, we'll be able to pick up more shares at a 17% discount. EUO gives -200% on the exchange USD/EU based on daily spot prices - hence short-term gains/losses to be considered and also K-1 will be given at yearend. Let me know if you are doing something else.