Bankruptcy By Huge American Corp By Midnight Friday: Next Stage of Financial Crisis?

rc5781 · Dec 11, 2008

"Our potential inability to address our 2008 or 2009 debt maturities in a satisfactory fashion raises substantial doubts as to our ability to continue as a going concern."

the quote gave it away...i googled it...

http://www.pbn.com/stories/36260.html

ByLoSellHi · Dec 11, 2008

Quote from rc5781:

"Our potential inability to address our 2008 or 2009 debt maturities in a satisfactory fashion raises substantial doubts as to our ability to continue as a going concern."

the quote gave it away...i googled it...

http://www.pbn.com/stories/36260.html

Good work.

Who will be the next to go down?

MrDODGE · Dec 11, 2008

Quote from ByLoSellHi:

Good work.

Who will be the next to go down?

After GGP?

Probably Nortel (NT) or Borders Group (BGP).

Billybob543 · Dec 11, 2008

How come every time I try and google stansberry research...all I come up with is......SCAM.

http://www.scam.com/showthread.php?t=21120

and

http://www.sec.gov/litigation/complaints/comp18090.htm

Edit: especially read the sec complaint

TGregg · Dec 11, 2008

Quote from rc5781:

"Our potential inability to address our 2008 or 2009 debt maturities in a satisfactory fashion raises substantial doubts as to our ability to continue as a going concern."

the quote gave it away...i googled it...

http://www.pbn.com/stories/36260.html

Yeah, that's what I did. Pretty easy to find quotes these days.

rc5781 · Dec 11, 2008

ok...so who has faith in this guy's report and who's shorting ggp right now?

drukes1234 · Dec 11, 2008

Not endorsing the play at all but I'm pretty sure the newsletter is talking about GGP and is recommending buying MAS puts.

HLB · Dec 11, 2008

They talking about GGP and proposing to gain 500% by taking advantage of domino-effect in the REITs industry.
Build short positions on major REITs and buy calls on REIT index ETFs for hedge.
Now, anyone can continue the work and give me symbols, %-allocations for shorts and which calls/strikes/expirations to buy? ;-)

HLB

gaj · Dec 11, 2008

i don't think it's MAS b/c they're not headquartered in any of the states mentioned.

billybob, thanks for the leads on him..

sandygray66 · Dec 11, 2008

Quote from Billybob543:

How come every time I try and google stansberry research...all I come up with is......SCAM.

http://www.scam.com/showthread.php?t=21120

and

http://www.sec.gov/litigation/complaints/comp18090.htm

Edit: especially read the sec complaint

Because the quote that ByLoSellHi included was from their ad trying to sell their put trading service for $2500.

So obviously ByLoSellHi is a shill for them trying to get you to subscribe to their scam put trading service.