SNDA and MRH

[kagame]

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), 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]

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]

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]

mrh down 64 cents today, time to scoop up some shares?

[blendedsuit]

I bought MRH today. It was just too cheap to pass up given the current surroundings.

[csuf_gambler]

damn, it dropped another 56 cents today. time to buy?

[csuf_gambler]

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.