Investment
Jim Rogers
- axolotl
- davey52
- axolotl
- axolotl
- Bill_Duffy
- axolotl
- ashishdhir
- permabear
- Bill_Duffy
- PEIC
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» axolotl - He says to buy NW Airlines bonds
In response to He says to buy NW Airlines bonds posted by davey52:I need Cusip no.s in order to search bonds at Investinginbonds.com or Fidelity's website. Northwest had about 3 issues in 05 called notes that were due in 07 and 08. However, there must be new issues or soon to be new issues because of the new plane purchases. Any bonds in bankruptcy build up owed interest which can become quite high, but I don't think there is going to be any bargains. Maybe Jimmy is talking about new bonds with a good interest rate backed by ownership of the planes. Delphi is in bankruptcy with bonds too, but again, the market is not going to give much of a bargain IMO.
-- posted by axolotl
» davey52 - He says to buy NW Airlines bonds
In response to He says to buy NW Airlines bonds posted by axolotl:
FWIW Dept. Just talked to TDameritrades' bond desk and yes NW bonds are available. None in their inventory though. His take on the situation was, "Maybe ok for Mr. Bowtie but not something joe sixpack should consider". OK, So come on allen lets add a few more GNMA's today! I'm going to. Regards BTW Thanks axolotl
-- posted by davey52
» axolotl - He says to buy NW Airlines bonds
In response to He says to buy NW Airlines bonds posted by davey52:TD Ameritrade must have a poor bond desk like Fidelity. They really don't seem to interested in your business. One of the Northwest issues came due in June so whenever bankruptcy ends, I assume they will issue a new note and redeem that one - the trade probably is for the difference between the current price and par - my guess is that since it is an unsecured note, there will be no accrued interest - the note holders will be screwed out of the interest. Jimmy Rogers is known for esoteric investments.
-- posted by axolotl
» axolotl - JIMMY ROGERS AT FORBES.COM AND MICHAEL LYNCH
........Jimmy is still a bull on commodities and still has his NY home at $15 mill for sale. Michael Lynch says $45 oil in 07 - appears he and Boone Pickens have a bet. I intend to remember these predictions - it will be interesting to see who was right.
-- posted by axolotl
» Bill_Duffy - Volunteer Wanted for Jim Rogers Article
In response to Volunteer Wanted for Jim Rogers Article posted by Kirk:
.
No need to reinven the wheel:
http://en.wikipedia.org/wiki/Jim_Rogers
done.
-- posted by Bill_Duffy
» axolotl - Rogers Says Oil Will Rise to $100
In response to Rogers Says Oil Will Rise to $100 posted by Kirk:RICI, the Rogers International Commodity Index was up maybe 2% for 06. It is about 40% oil and gas based so no surprise there. Warren Buffett had a pretty good year - of course, BRKA is still primarily a few companies percentage wise - add Coca Cola and American Express and Wells Fargo and Colgate Palmolive and you have about 1/2 the assets. Pepsi has been beating Coke and the other 3 don't look to be bargains.
-- posted by axolotl
» ashishdhir - Volunteer Wanted for Jim Rogers Article
In response to Volunteer Wanted for Jim Rogers Article posted by Kirk:
I will like to volunteer for Jim Roggers article. I can be reached at ashishdhir@hotmail.com
-- posted by ashishdhir
» permabear - Rogers Sees U.S. property crash
In response to Rogers Sees U.S. property crash posted by Kirk:
"This is the end of the liquidity party," said Rogers.
If this is the end of the liquidity party, what does that mean for commodities? Liquidity has been one of the main drivers of the economy and commodities. If liquidity dries up, does that mean commodities crash, or that the dollar crashes and commodities rise? I maintain a heavy position in energy and precious metals, but I admit to being somewhat baffled as to the direction these assets go if things go south as I believe they are headed.
-- posted by permabear
» Bill_Duffy - Rogers Sees U.S. property crash
In response to Rogers Sees U.S. property crash posted by permabear:
I still think gold and silver will maintain value. As property values drop, the Fed will be forced to ease. Furthermore, panicked investors will buy Long Treasuries, so both short and long rates will drop. That will send the dollar down. So I think Gold and Silver will rise.
To profit from equities going down, you can buy Short ETFs: DXD,SDS,REW,QID,MZZ,DOG,SH, and PSQ.
And if none of this works; heck it's only money!
-- posted by Bill_Duffy
» PEIC - Jim Rogers cautiously bullish on China stocks
Jim Rogers cautiously bullish on China stocks
http://www.boston.com/news/world/asia/ar...
By Charlie Zhu | July 26, 2007
SHANGHAI (Reuters) - China's stock market is dangerously high but environmental protection, water, railways and renewable energy stocks are still worth holding, fund manager and investment author Jim Rogers said on Thursday.
Rogers, in a presentation at a conference, also reiterated his view to dump dollars and bonds and stay bullish on commodities, such as oil and aluminum. Gold was still going strong, but copper prices look stretched, he added.
A prominent China bull, Rogers said investors should be cautious after China's benchmark Shanghai composite index quadrupled over the past two years.
It closed at a record high on Thursday.
"The stock market is going through the roof over the past three years. That's always a dangerous sign," said Rogers, who co-founded the Quantum hedge fund with billionaire investor George Soros in the 1970s.
"And if you are new to the stock market, you probably think this is the way that things always work. This is not the way the market always works," he said.
"I'm not suggesting you sell your stocks. But I want you to know this is not usual," he said, adding that some Chinese shares were going to collapse as they were "crazily priced."
But Rogers sees opportunities in Chinese companies involved in sectors such as environmental protection, water, green energy, railways and education, where the government and public were expected to spend a lot of money.
"I'm not selling my Chinese shares. As I said, I bought more of them last week. If the market triples again in the next year I would probably have to sell my Chinese shares," said Rogers, who bought his first Chinese stocks in 1999.
Rogers, 64, urged investors to get exposure to the Chinese currency, the renminbi , and dump the U.S. dollar, which he calls "a terribly flawed currency" as the United States is deep in debt.
"Renminbi is going to be one of the strongest currencies for many years to come," he said.
Bonds around the world are headed down and that trend would also continue for many years to come, he said.
"If you invest in bonds anywhere in the world, sell it," he said. "If you invest in shares, think of Asia," he added.
Commodities such as oil and metals are expected to stay strong for many years, driven by supply and demand, Rogers said.
He said he favored aluminum over copper right now because copper prices had shot up, and said property in China is getting expensive.
"I will not buy in Shanghai or Beijing at the moment."
-- posted by PEIC
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