Search results

There are no losses because the exchange rate is fixed to the downside. There are potential losses. But if they believe the franc is overvalued they believe they will make a profit in the long-run. I agree with the price action, but franc printing is something that they want to do right now as...

This stock looks like a nice opportunity. I have been reading on Delaware corporate law and it seems that there quite a bit of protection for minority shareholders against low ball offers(Appraisal rights). This would be used if Icahn tried to cashout minority parties at less than $30...

The Lehman moment that would follow would only increase the necessity for the SNB to keep the peg given that letting the franc go would be the same as tightening monetary policy during a deflationary spiral. If anything the franc peg might be weakened(1.20+)

lol

Seems that this only applies at the conclusion of the tender but not on an ongoing basis after the conclusion. Do you have more info on this?

I just bought a position there. Seems likely that either Icahn will buy the stock himself right now or he will make another tender offer soon

Can you provide the source of this info?

I've been looking at CVI and I don't understand what is going on. Risk arbitrage is not my forte but do you know what usually happens after the tender period ends and some shares have not been tendered?

We are getting closer to a point where the EU authorities will have to create some kind of coordinated effort to prop the markets. I'm having a hard time figuring out what is the correct benchmark for measuring when they will act(Could be European VIX, a massive EUR decline or newspaper...

Where I can get delayed data for the European VIX?

EUR in free fall, surprise surprise, Grexit is bad for the EUR

Reuters might do the Greek poll job for me http://www.zerohedge.com/news/live-greek-election-poll-tracker Looks incomplete though

The bazookas to keep the bailouts going are getting extreme. Maybe I need to consider that the bazookas will win(Syriza will drop in polls due scaremongering)

My read is that he is trying to get people to vote for pro-bailout parties. He might create a bank run in the process

Papademos who was in power like 2 weeks ago says preparations for Grexit are in place

FB shares are available to be shorted at IB

Islamic finance is taking over the world, 0% interest everywhere :p

ECB orthodoxy might force Greece out, thats the risk case in my view. If they default the ECB will lose so much money that they will be able to claim they can't provide liquidity anymore because they are not in the business of taking credit risks...

The risk to this view are things like this http://www.youtube.com/watch?v=LjZ9HzscC5c&feature=youtu.be changing peoples perception

Its said the Lehman was allowed to fail because the Fed didn't had the legal powers to lend against LEH junk assets and they refused to lie and do the loan anyway. Its possible that the same happens with the ECB and Greece. The ECB seems to take their own rules very seriously, its possible that...