AIG pauses on stock repurchase?

Posted on June 29, 2017 by Timeless Investor

It seems like AIG is going to slow down its pace on stock repurchase.  AIG Chief Executive Brian Duperreault said Wednesday after the company’s annual meeting he will be receptive to other uses of cash generated by its businesses and is open to slowing down share buybacks. Hopefully, Brian will bring AIG back to the growth, even though it might be a long shoot. My position in AIG stalled (down by 20%) this year so far, should I find a chance to get out? Continue reading →

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BAC passed stress test, hiked dividend and stock repurchase

Posted on June 28, 2017 by Timeless Investor

BAC and 32 other banks passed through Fed stress test, and announced hike on dividend and stock repurchase, great news for my position. Continue reading →

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Antitrust coming for AMZN?

Posted on June 28, 2017 by Timeless Investor

Is Antitrust coming for AMZN? seems like Trump is targeting AMZN now. Maybe good opportunity for me to wait out for buying chance of AMZN. Continue reading →

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$2.7 bil fine dragged down price of GOOG

Posted on June 28, 2017 by Timeless Investor

Recent $2.7 bil fine by EU significantly dragged down price of GOOG. This might happen again for other tech companies like AMZN, FB. It might be a good opportunity for me to buy GOOG once it dips to below $900. Continue reading →

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SDRL restructuring deadline July 31

Posted on June 27, 2017 by Timeless Investor

SDRL’s restructuring deadline is approaching (July 31). I need to watch out for SDRL and NADL for the short opportunities. Continue reading →

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John Fredriksen double down on the battered oil tanker business

Posted on June 27, 2017 by Timeless Investor

JF is doubling down on oil tanker business, even as his offshore drilling business sinks in debt. Seadrill is facing July 31 deadline to restructure some $10 billion of debt. “It’s hard to answer if it will come out of restructuring, but as long as I back it, we’ll be OK,” said Mr. Fredriksen, declining to elaborate. “In the past, we’ve dealt with messier situations than Seadrill, but we came through.” – I need to watch out for SDRL and NADL. Short opportunities are imminent. Continue reading →

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To split Fannie-Freddie, no wind down as they said before?

Posted on June 27, 2017 by Timeless Investor

It sounds like senators Corker and Warner are now considering splitting Fannie-Freddie, not winding them down any more. Is it a good sign? Continue reading →

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Paulson is double down on Valeant

Posted on June 19, 2017 by Timeless Investor

This is great news for Valeant. Since Ackman sold his 8% stake in VRX, ValueAct sigificantly increased their stakes, now Paulson became the board member. Good sign for VRX. Continue reading →

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BAC is down on lower second-quarter expectations

Posted on June 1, 2017 by Timeless Investor

BAC is down on lower second-quarter expectations due to a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets (Reuters). However, expected rate hikes, the idea of deregulation, and proposed easing of the Comprehensive Capital Analysis and Review might bolster the bank share price (Bloomberg). – I bought ~$9000 BAC LEAPS on 2019 on the dip of stock, with the price of about $4.15 ~4.25, which is the lowest LEAP price that I bought so far. Continue reading →

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Treasury Secretary Steven Mnuchin on C-SPAN

Posted on May 23, 2017 by Timeless Investor

Domestic and International Fiscal Policy Update Treasury Secretary Steven Mnuchin provided members of the Senate Banking, Housing and Urban Affairs Committee with an update on Trump administration. domestic and international fiscal policies. Continue reading →

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