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valuevulture999 (74.59)

August 2010

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Harrisburg, PA defaults on GO Bond!

August 31, 2010 – Comments (4)

"...when the tide washes out you get to see who's been standing naked." Warren buffet  [more]

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It's always interesting when you double dip!

August 18, 2010 – Comments (0) | RELATED TICKERS: BAC , JPM , WFC

In the pages of  today’s WSJ, there was an interesting article about Fannie Mae and Freddie Mac forcing repurchase of  underperforming MBS securities to their original issuing banks ( Bank of America, Citigroup, Wells Fargo, Chase and other banks)  ” So what!” you may ask.  [more]

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In Crisis lies opportunity

August 10, 2010 – Comments (0) | RELATED TICKERS: CEG.DL2

It looks like management is getting pretty serious about increasing shareholder value. They just announced an agreement to acquire generating assets from Boston Generating LLC for $1.1 billion. The current owner is on the verge of bankruptcy and is in need of diposing assets. Since CEG is flush with cash from their sale of 50% of CENG to EDF last year and recent asset sales of noncore generating facilities, they have decided to make an opportunistic purchase to add to their merchant energy group. I indicated this as one of the things I would like to see management do to strengthen their franchise. This will add 2.95 megwatts to their total capacity of 13.3 terawatts.   [more]

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Come glow with us!!

August 05, 2010 – Comments (2) | RELATED TICKERS: CEG.DL2

"Mirror mirror on the wall who is the fairest of them all? Oh vulturevestor, for Constellation Energy is the fairest of them all..." CEG?  Why do I want to own a utility company for? Especially one that nearly imploded 2 years ago. Well my dear readers, come with me and I will show you the deal of the week!  [more]

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