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He had funding in the form of a huge fund willing to invest. Where is the manipulation? He did say he was `considering` and shareholders had to vote for it (including the mutual funds, whether for or against it) This is the kind of thing lawyers and judges will have fun, whether a verbal...

With this Turkey situation, it appears the the correct paralels are Argentina in 2002 and Thailand in 1997. In Thailand, foreign investors lost almost all of their capital between the collapse in the stock market and the Baht Looking at the drop from 1400 to 200, thats a -85% decline With...

Lets say that's right and the SEC sues, they probably settle for a few dozen million and move on. Why the world is so obsessed with something so irrelevant? There is nothing criminal here, how can you have intent to defraud when a fund worth $200B told you they want to take your company private...

I'm not really buying it now but I'm raising the question, is it time to buy? What are the pro and cons? At 8 times earnings and with blood on the streets, that's a position that makes sense. At the very least, one would be covering shorts

As a trade sure, but what about as an investment? Most rich value guys have gotten rich that way

Do you have the details of that note? IME during times of panic, its very easy to overestimate these sorts of risks. I certaintly did back in 2009 in the US crisis and many have done in the EU crisis in 2011-2012 as well as in the Brazil turmoil in 2015. Its human nature

You are probably right, so this becomes a Soros reflexivity type situation where pessimism leads to default and optimism leads to good times

http://factcheckingturkey.com/economy/claim-turkey-s-corporate-debt-70-cent-its-gdp-459 Corporate and goverment debt levels as a % of GDP are lowish, so it seems that they dont need to print all that much money. TUR is trading at 7-8 times earnings, over 50 stocks are in it, so its diversified...

I believe Dennis Dick still does, I recall him talking about it 1 year ago or so. He talks trading everyday in the Benzinga premarket prep show but usually I dont have time to watch

TSLA update, confirms Saudis are the `funding`. Estimates 2/3 of stockholders would roll over. Says $71B is not needed https://www.tesla.com/blog/update-taking-tesla-private?redirect=no Pretty much what I said

A good TSLA piece by Levine on bloomberg. Its fairer then usual and presents both sides of the story https://www.bloomberg.com/view/articles/2018-08-08/elon-musk-has-some-fun-with-tesla I happen to think the take private transaction is legit and funding is avaliable for the reason he outlines...

1 - If they intend on buying more shares, they have a vested interest in playing down their participation 2 - What is your source for this information? 4 - The SEC has no criminal powers. They cant arrest or indict anyone even if they wanted to

A while back I heard about this great theory that explains the 'fake news' phenomena. The rise of Google and Facebook (and other social media) and the giant amount of ad revenue they generate has really hurt businessnes like magazines, TV, newspapers. As a result, they had to start to distort...

Here is where I believe you are wrong (and perhaps a experienced securities lawyer can chime in). Musk said he is CONSIDERING taking the company private. Given that he is considering (so, no decision has been made) he does not have an obligation to file an SEC filling. Its very similar to what...

This TSLA battle goes back to my NY vs SF mindsets idea. NY people are freaking out about the whole thing whereas SF people scratch their heads and think the whole take private thing is normal. Having studied angel investing, venture capital and done some angel investing myself I find that it...

I suspect Musk decided to take TSLA private because he just couldn't take Wall Street's obessions with deadlines, numbers and targets. He had to work from the Tesla factory in order to reach the production targets that markets demanded. Can you imagine the same thing in SpaceX? the "you better...

You bring up a good point. Saudi Arabia is massively long oil through their reserves, buying a big stake on TSLA is like shorting the future of oil. Therefore its a great hedge for them. If TSLA suceeds, at least they get paid for the dwinling value of their reserves. If TSLA fails, well, then...

" The S&P 500 trades at 18.8 times earnings over the past 12 months, a basement valuation that is lower than the market’s February trough, when the index’s valuation was around 19 times earnings, according to FactSet. At the S&P 500’s peak in January, the index traded at nearly 22 times...

"Musk previously talked with Saudi Arabia's sovereign wealth fund about a take-private deal, said one of the people." https://www.cnbc.com/2018/08/09/tesla-board-tells-elon-musk-to-recuse-himself-prepares-to-review-take.html There is the funding and why he promised the short burn of the century

I heard the same thing during the BABA IPO, that was like 50% lower from here or something