speedy ja teised FMD pullid, vaatab ka seda linki:
Harvard teeb otsa lahti
ning veel üks link:
The Smoking Debt Gun
mida arvate BW kohta.? kas tasuks osta langust.pikas perspektiivis hea sisenemis koht?
kuna sub-prime probleemid on kõik hellaks teinud, on ka ABS'dega hetkel rasked ajad, ka valdkondades kus välja antud laenude kvaliteet on oluliselt kõrgem, ega saa võrrelda tarbimislaenudega. Moody's ei ole veel otseselt nende tagatiste reitingut langetanud.
suur aha otsib alati turvalisi kanaleid paigutamiseks ka tulevikus, küsimus on läbipaistvuses - nagu sa mainisid, minu arust pigem tehniline küsimus (FMD-d tegevusala silmas pidades)
kogu asja bottomline on see, kas FMD business model on ohus? ning tal ei ole võimalik tuleikus üldse tagatisi hankida? või ameeriklased lakkavad oma õpinguid finantseerimast?
tänane samm FMD poolt näitab, et tagatisi on võimalik ka teistmoodi hankida
MOTT nendele, kes arvasid, et see on muutunud võimatuks ning on kogu FMD viimase kuu selloffi taga
ja NFI'ga minuarust täiesti mõttetu paralleele tõmmata - sektor, sihtgrupp, laenude ja tagatiste kvaliteet on hoopis teisest klassist
suur aha otsib alati turvalisi kanaleid paigutamiseks ka tulevikus, küsimus on läbipaistvuses - nagu sa mainisid, minu arust pigem tehniline küsimus (FMD-d tegevusala silmas pidades)
kogu asja bottomline on see, kas FMD business model on ohus? ning tal ei ole võimalik tuleikus üldse tagatisi hankida? või ameeriklased lakkavad oma õpinguid finantseerimast?
tänane samm FMD poolt näitab, et tagatisi on võimalik ka teistmoodi hankida
MOTT nendele, kes arvasid, et see on muutunud võimatuks ning on kogu FMD viimase kuu selloffi taga
ja NFI'ga minuarust täiesti mõttetu paralleele tõmmata - sektor, sihtgrupp, laenude ja tagatiste kvaliteet on hoopis teisest klassist
maidre,
Et ma siin ise väga pikalt rääkima ei hakkaks, panen siia tänase kokkuvõtte Briefingust BW languse põhjuste üle. Vaatasime mõned päevad tagasi ettevõtet ja ka konkurente uuesti üle ning võimalik, et tsüklid on pikemad, kui ettevõtted neid ise tahaksid. Ning nagu juba varem olen öelnud, tundub mulle, et turg on faasis, kus lubadused maksavad vähe ja konkreetsed numbrid mitu korda rohkem. Seega ettevaatust ja kannatust.
BW Brush Engineered Materials expects Q4 EPS to be within the previously announced range of $0.50 to $0.60, but softer demand may affect earnings by up to $0.15 (39.43 )
Co announces several significant events, some of which will have an impact on the fourth quarter 2007 financial results. During the fourth quarter, the co's Advanced Materials Technologies and Services segment has experienced softer than expected demand in its magnetic media business. This softness is primarily due to tightening material specifications by a key customer which resulted in manufacturing process changes and requalifications. This process is expected to be completed with shipments resuming in early 2008. In addition, lower ruthenium market prices may result in a non-cash lower of cost or market charge in the fourth quarter. In addition to the softness in the magnetic media market, the Specialty Engineered Alloys segment has been experiencing a weaker than anticipated product mix and lower demand in the electronic connector market. Strong demand from applications in the oil and gas, heavy equipment and aerospace markets has continued during the quarter and has partially offset the impact of the weaker product mix. The co has also signed a definitive agreement with Techni-Met, to purchase substantially all of its assets. Techni-Met, is a manufacturer of precious metal coated thin films targeted at the medical and electronics markets. The acquisition provides additional critical mass to the co's thin films coating business that was acquired in 2005. The purchase price is approx $90 mln. The acquisition will be financed with internally generated cash and proceeds of approx $60 mln from the co's new $240 mln revolving line of credit. It is anticipated that the acquisition will be accretive in 2008. The co has reached an agreement to settle its lawsuit against certain of its London Market Insurers. The settlement includes a pretax cash payment to the co of approx $17.5 mln and provision by the London Market Insurers of a new insurance policy. The impact of the softer than expected demand and lower ruthenium prices is currently expected to be more than offset by the litigation settlement. The softer demand may affect earnings by up to $0.15 per share in the fourth quarter while the lower ruthenium prices may result in a non-cash charge of up to $0.05 per share. The litigation settlement favorably affects earnings by approx $0.25 per share. As a result, fourth quarter earnings are currently expected to be within the previously announced range of $0.50 to $0.60 (consensus is $0.54)
Et ma siin ise väga pikalt rääkima ei hakkaks, panen siia tänase kokkuvõtte Briefingust BW languse põhjuste üle. Vaatasime mõned päevad tagasi ettevõtet ja ka konkurente uuesti üle ning võimalik, et tsüklid on pikemad, kui ettevõtted neid ise tahaksid. Ning nagu juba varem olen öelnud, tundub mulle, et turg on faasis, kus lubadused maksavad vähe ja konkreetsed numbrid mitu korda rohkem. Seega ettevaatust ja kannatust.
BW Brush Engineered Materials expects Q4 EPS to be within the previously announced range of $0.50 to $0.60, but softer demand may affect earnings by up to $0.15 (39.43 )
Co announces several significant events, some of which will have an impact on the fourth quarter 2007 financial results. During the fourth quarter, the co's Advanced Materials Technologies and Services segment has experienced softer than expected demand in its magnetic media business. This softness is primarily due to tightening material specifications by a key customer which resulted in manufacturing process changes and requalifications. This process is expected to be completed with shipments resuming in early 2008. In addition, lower ruthenium market prices may result in a non-cash lower of cost or market charge in the fourth quarter. In addition to the softness in the magnetic media market, the Specialty Engineered Alloys segment has been experiencing a weaker than anticipated product mix and lower demand in the electronic connector market. Strong demand from applications in the oil and gas, heavy equipment and aerospace markets has continued during the quarter and has partially offset the impact of the weaker product mix. The co has also signed a definitive agreement with Techni-Met, to purchase substantially all of its assets. Techni-Met, is a manufacturer of precious metal coated thin films targeted at the medical and electronics markets. The acquisition provides additional critical mass to the co's thin films coating business that was acquired in 2005. The purchase price is approx $90 mln. The acquisition will be financed with internally generated cash and proceeds of approx $60 mln from the co's new $240 mln revolving line of credit. It is anticipated that the acquisition will be accretive in 2008. The co has reached an agreement to settle its lawsuit against certain of its London Market Insurers. The settlement includes a pretax cash payment to the co of approx $17.5 mln and provision by the London Market Insurers of a new insurance policy. The impact of the softer than expected demand and lower ruthenium prices is currently expected to be more than offset by the litigation settlement. The softer demand may affect earnings by up to $0.15 per share in the fourth quarter while the lower ruthenium prices may result in a non-cash charge of up to $0.05 per share. The litigation settlement favorably affects earnings by approx $0.25 per share. As a result, fourth quarter earnings are currently expected to be within the previously announced range of $0.50 to $0.60 (consensus is $0.54)
speedy, mis suur raha?
Neid instrumente osteti 10, 50 ja 100-kordse võimendusega.
Neid instrumente osteti 10, 50 ja 100-kordse võimendusega.
Mida see magnetic media business endas täpselt sisaldab?
Mart, kas sa üleüldse natukenegi tead, millega FMD tegeleb?
BW kohta küsitud meediatooted kuuluvad segmendi ‘Advanced Material Technologies and Services (lühendame: AMTS)’ alla. See segment moodustab ca 50% ettevõtte kogu müügituludest ning on koos berülliumitoodete segmendiga näidanud kõige suuremat kasvu. Niinimetatud meediatooted moodustavad ülalnimetatud AMTS segmendist päris arvestatava osa ning tegu on tegelikult ristipidi andmete salvestamist (niimoodi on võimalik suurendada andmekandjale mahtuvaid koguseid 5-10 korda) võimaldavate seadmetega.
Kuna kokkuvõttes magnetic media business on varem moodustanud AMTS segmendi, mis moodustab kogu müügitulust ca 50%, kiirest kasvust põhimõtteliselt enamuse, on ka arusaadav, miks täna aktsia nii valuliselt selliste kommentaaride peale reageerib. Kel meelest ära läinud, millega BW tegeleb ja milline on erinevate segmentide osakaalud, soovitan uuesti pilgu Pro all olevale kunagisele tekstile peale heita.
Kuna kokkuvõttes magnetic media business on varem moodustanud AMTS segmendi, mis moodustab kogu müügitulust ca 50%, kiirest kasvust põhimõtteliselt enamuse, on ka arusaadav, miks täna aktsia nii valuliselt selliste kommentaaride peale reageerib. Kel meelest ära läinud, millega BW tegeleb ja milline on erinevate segmentide osakaalud, soovitan uuesti pilgu Pro all olevale kunagisele tekstile peale heita.
Ma ei tea, kui palju on natuke või palju. Suht pealiskaudsel lugemisel on jäänud meelde, et ettevõte pakendab tudengitele antud laenud võlakirjadeks ning üritab need võlakirjaturul maha ärida. On mingi defaultide mudel ja mingid reitingud, mis kuuldavasti arvestavad sellega, et tööpuudus ei jõua kunagi kahekohalise numbrini.
Aga probleemiks see, et usaldus mudelite vastu kadunud ning investorite mure tootluse pärast on muutunud kapitali säilimise mureks.
Aga probleemiks see, et usaldus mudelite vastu kadunud ning investorite mure tootluse pärast on muutunud kapitali säilimise mureks.