View Full Version : SNDA and MRH
kagame
09-17-2005, 06:14 PM
both are ridiculously good value buys right now
baidus downgrade hurt shanda and theres nothing wrong with it
hurricane scares lowered MRH but theyre doing fine, just issued the dividend
MRH looks like the market hasn't reacted enough. They're expecting a $450M-675M hit (link (http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh6712 5_2005-09-12_20-45-58_n12498881_newsml)), on a company that has $200M in cash and $200M/yr in revenues. They're going to have to do some heavy-duty borrowing or issue new stock.
Am I missing something?
kagame
09-18-2005, 03:34 AM
already had a huge issuing of stock for one
Want to elaborate more on what you said in the other thread? Why would they overstate liability? What do you estimate their cash position is, before and after the Katrina hit?
kagame
09-19-2005, 12:57 AM
to cover their collected ass-ehhm-ets they overstate damages their liable for so they can later downgrade it and it seems positive
also, as far as i am aware the stock offering covered almost the entire amount theyre liable for
youd want to check yourself as i dont have the links saved, check the yahoo finance forums, when i read it i was on the motley fool boards but i ran out my free trial
there is so much contrary opinion floating around about this stock its confusing, but a high strength bottom seems to have been established at 24
csuf_gambler
09-19-2005, 01:06 PM
mrh down 64 cents today, time to scoop up some shares?
blendedsuit
09-20-2005, 04:24 PM
I bought MRH today. It was just too cheap to pass up given the current surroundings.
csuf_gambler
09-20-2005, 09:53 PM
damn, it dropped another 56 cents today. time to buy?
csuf_gambler
09-23-2005, 03:19 AM
wow it dropped another whole bunch today. it has dropped drastically everyday this week. time to buy yet? or will it keep sliding?
most likely bounce especially if the hurricane hits weaker as expected(which should) and not cause too much damage, long term i would not hold it as they will dilute.
KaneKungFu123
09-24-2005, 06:28 AM
nh
kagame
09-26-2005, 03:26 AM
wish id taken my own advice
rita scared me too bad and i sold my MRH, will have to get back in hopefully around 24
weather channel = the devil
kagame
09-26-2005, 03:26 AM
SNDA is still just sitting there waiting to make me money
csuf_gambler
09-26-2005, 07:48 PM
fuk i shoulda bought this b1tch last week when it was falling like a rock.
kagame
09-28-2005, 03:21 AM
yep
Rita freaked me out too btw
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