Bronte Capital
The sometimes eccentric views of John Hempton
Wednesday, June 25, 2008
Sydney Airport: waiting for a (financial) crash landing
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Warning - this post has a major error - explained in this later post . Sorry. The Macquarie acquisition of Sydney Airport through its s...
Tuesday, June 24, 2008
The preposterously expensive WestAmerica Bancorp
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In my post of Fifth Third I described WestAmerica as perhaps the most astounding unbroken story in American banking. Here is its bala...
1 comment:
A piece of a company can go bankrupt - Mish on MBIA
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I really like Mish's blog - but today he makes an assertion that is plain wrong. MBIA has held $900 million in the parent company rath...
Monday, June 23, 2008
Things that stun me: Fifth Third Bancorp
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I know a very successful fund manager who is utterly stunned by the problems at AIG. He thought that the company had “more there than that...
1 comment:
Sunday, June 22, 2008
Steve and Barry's and what the #$%@#% is GE doing
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Only a few days ago I expressed complete puzzlemement over a $125 million dollar loan that GE had made to Kinney Drugs. Here is my post - ...
1 comment:
Friday, June 20, 2008
Getting oil on my shirt: Energy World Corporation
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Energy World Corporation is an oil and gas company based in Australia with approximately AUD2 billion in market cap. As soon as I men...
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Why don't people buy AAA strips at 80c in the dollar? Top five reasons by request
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Peter - whoever he may be - but I would like an email - made the following comment: John, Do a post of the top five reasons why people aren&...
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Thursday, June 19, 2008
In praise of fraudulent accounts
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I wound up having a chat about Barclays with the head banking analyst from a major European broking house. He hit me with the “how is it p...
1 comment:
Wednesday, June 18, 2008
Its time for a short version of yesterday's post
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Got lots of emails about gnarly little things in GE Capital. Those appear to be true of all financials. Nothing that really stresses me - ...
Tuesday, June 17, 2008
What’s a nice girl like you doing in a place like this? A comment on General Electric’s corporate lending business
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Avid readers will know that I rather like General Electric at these prices. Here I point out just how good the weak USD is to them. ...
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