ApexPred
Oct 9, 8:40 PM
$UWMC I think it is important to learn a few things on every failure for longs here. (I was long 4 years ago or so in the good old days)
1. When a CEO won't take any questions after earnings and literally runs out of the room---run
2. When a CEO provides credit lines to the company he runs and those lines are based on already leverage stock assets--run
3. When a CEO materially hurts the stock price by selling long periods while the stock price is under 5 bucks---run
4. When a takeover target reviews the books and walks away paying the breakup fee after seeing the books--run
5. When a major asset of the company is MSR's and throughout its history inconsistency in making this asset pay consistent or reliable earnings. Run
6. When the values of MSR are determined by a man who has shown total disregard for stock holders ---run (I personally believe the value is incorrect and that is all I will say)
7. When a CEO tells you publicly he will never hedge and does---run
10 more no room
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