dalmady.blogspot.com
Alex Dalmady's Blog: *Sigh* No Forest
http://dalmady.blogspot.com/2012/03/sigh-no-forest.html
Saturday, March 31, 2012. In a move that should surprise no one, Canadian/Chinese forestry company Sino-Forest filed for bankruptcy in Canada yesterday. The timing of the filing shouldn't be a surprise either, since the company was due to deliver its 2011 audited financial statements and also unsurprisingly couldn't find an auditing firm willing to sign off on them. We've also seen a criminal probe by the Canadian authorities, which is likely to end in the conviction of no-one. Be sure to set up in impen...
dalmady.blogspot.com
Alex Dalmady's Blog: June 2010
http://dalmady.blogspot.com/2010_06_01_archive.html
Monday, June 28, 2010. Financial bubbles, not unlike supernovas, leave reminders of their explosions throughout the market Universe. A bubble in alternative energy, and particularly Solar stocks grew quietly in 2006-2008 and burst pretty much in tandem with other bubbles such as the one in housing. But solar companies did take advantage of the demand for their stocks during the boom to raise capital and finance their activities, Solar panels may be shiny, but they don’t manufacture themselves. Nonetheles...
dalmady.blogspot.com
Alex Dalmady's Blog: February 2012
http://dalmady.blogspot.com/2012_02_01_archive.html
Wednesday, February 15, 2012. Crowdfunding gets its game on. My daughter Astrid brought this to my attention. I found it interesting and asked her to write a Post about it. Enjoy! On Wednesday, February 8th. Right here is where Kickstarter. But the internet has a mind of its own and once word got out, things got off the ground in a very big way. Within 8 hours, the Double Fine Adventure. Project had reached its intended goal of $400,000. In 24, they’d climbed all the way up to $1,000,000. T...At the time...
dalmady.blogspot.com
Alex Dalmady's Blog: April 2010
http://dalmady.blogspot.com/2010_04_01_archive.html
Thursday, April 22, 2010. Getting up to speed. I haven’t blogged for a while, so I thought we’d catch up on some things written about over the past year or so. First, bonds in general. LINK. There is no doubt that corporate debt has been the asset star of the last year or so. While stocks have made their way back and are closing on their high-water marks, most bond portfolios and funds are hitting new highs. As for more specific issues, our friend Borat must be happy. LINK. In Ukraine, things have calmed...
dalmady.blogspot.com
Alex Dalmady's Blog: March 2012
http://dalmady.blogspot.com/2012_03_01_archive.html
Saturday, March 31, 2012. In a move that should surprise no one, Canadian/Chinese forestry company Sino-Forest filed for bankruptcy in Canada yesterday. The timing of the filing shouldn't be a surprise either, since the company was due to deliver its 2011 audited financial statements and also unsurprisingly couldn't find an auditing firm willing to sign off on them. We've also seen a criminal probe by the Canadian authorities, which is likely to end in the conviction of no-one. Be sure to set up in impen...
dalmady.blogspot.com
Alex Dalmady's Blog: June 2011
http://dalmady.blogspot.com/2011_06_01_archive.html
Wednesday, June 15, 2011. Battle Lines Drawn in the Forest. It’s been almost two weeks since Carson Block's Muddy Waters report on Sino-Forest accusing the company of fraud. I’ve been following the case even though I no longer have stakes in the game. There has been an interesting back and forth going on in the comment section of this blog and on other message boards. So here’s another post so that discussion can continue. A few comments on where I think things stand. 1 The MW report. But the main elemen...
dalmady.blogspot.com
Alex Dalmady's Blog: August 2011
http://dalmady.blogspot.com/2011_08_01_archive.html
Monday, August 29, 2011. Since I already did two posts on Sino, might as well make it three and out. Last Friday, the Ontario Securities Commission suspended trading in Sino Forest stock, alleging that the company may have defrauded investors by exaggerating its profits and assets. Carson Block is looking like a champ. For his part, John Paulson took his lumps like a man. It was big loss for his fund, but he showed he could recognize when he was wrong. As for the bond angle, there is a bright spot. O...
dalmady.blogspot.com
Alex Dalmady's Blog: October 2010
http://dalmady.blogspot.com/2010_10_01_archive.html
Wednesday, October 27, 2010. At times, investing in the gaming industry can be a gamble (/corny opening line). Not that it really has to be that way. Like any addiction, gaming produces quite stable cash flows once the business is up and running and a customer base and a location has been established. That said, gaming is a place where high yield thrives, since, not unlike gamblers, casino operators love to “double down” with plenty of leverage. Here's a BST oldie to get you in the gamblin' mood. Are bon...
dalmady.blogspot.com
Alex Dalmady's Blog: February 2010
http://dalmady.blogspot.com/2010_02_01_archive.html
Sunday, February 21, 2010. The beginning of 2010 hasn’t been quite as smooth as most of 2009 was for the junk bond market. Some fear here and there, a pulled deal or two and risk spreads have widened a bit. Naturally, after a year that saw this index rise 44%, expectations might be a bit exaggerated not only from those riding the wave, but also from those anticipating a fall from those perceived “heights”. 1 The alternative is nothing. Not saying that there is no alternative, but if you’re. 2 Money conti...
