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@ Diablo Putting on my conspiracy hat, I'd say this kind of rhetoric has nothing to do with alleviating LP concerns and everything to do with coercing potential targets into doing deals at lower multiples.
Probably near an oil rig.
I'm skeptical as to the actual magnitude of any cash impact on the holders of the PIK notes. Certainly the toggle represents a negative signal as to the quality of the credit - but it's not like these were 5 year straight line ammort notes to begin with (most that had any required paydowns were on the order of 1% per year), so the actual impact of reduced cash flow seems overstated.
All this "back in my day" ranting is ridiculous. As it was pointed out way up this page, every generation has its groups of jackasses, its diligent workers, and everything in between. Sweeping generalizations based on an N of 1 (i.e., the fairy kid) just make you sound senile.
Wow - actually a lot more entertaining and well done than I expected.
"Stupid fucks" are people who protest things they don't understand (e.g., the protesters at Bear). These people are protesting based on their own beliefs and principals - so the only stupid fucks here would be folks like 5:12pm that are so quick to judge. Heard Sharpton got arrested, which brought a smile to my face.
It's like reading a dumbed down version of EP's stuff.
People have expected immense growth from Brazil for years, and it has continued to disappoint. Of the BRIC country group, Brazil along with Russia will grow from their own raw material supplies. The bulk of higher value, service-driven growth will come from India and China. Don't see any scenario where Brazil's GDP surpasses that of the U.S. during our lifetime, though I'd expect to see it from China in the next 30 years or so.
Trust me, the loan rates are pretty ridiculous. If you want the best of both "evil" worlds (PE and payday lending), take a look at Golden Gate.
My personal favorite was "40-lb chunk of metal hits driver in face". How pissed would that guy be if he ever came across someone wearing that shirt?
http://stuffwhitepeoplelike.wordpress.com/2008/01/18/1-coffee/ I believe the photo is of Anal_yst.
Someone should give this ball bearing and WWII enthusiast / strategist his own column. I really like his style.
A halt in adding to the reserve should make some difference, albeit a very minute and lagged one. Effectively the SPR would be diverting (or selling off) those 128k barrels of oil per day. It wouldn't be long of course before producers make minor tweaks to reign in supply.
Agree with EP. The synergy value will most likely come from discontinueing a large chunk of the stores for both chains. Should be plenty of excess OH on each side at the corporate level as well, and at least a few redundant assets (e.g., distribution centers). End of the day, you're still just tying together a couple of rocks in hope that the combination will float.
THE University of Minnesota? Think I've heard enough already.
Some sort of pregnant emoticon would have been nice.
EP uses a Mac? A part of me just died inside. Any other emo / hipster qualities you care to share with us? Do you drink fair trade coffee as well?
The beauty of government pork is that it's one thing both Dems and Reps in Congress can wholehearty agree on. Let's face it, pork doesn't exactly hurt one's chances at reelection.