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Thread: MFFAIS recent activity

  1. #11
    otone is offline
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    Joined: Sep 2008 Posts: 243
    jmm232, thanks for doing that research. Thanks to Sirius, I'm slowly but surely building my investment research knowledge. Can you put those numbers into perspective so I can relate all of the GS sophisticated dealings with this stock?

    Thanks!

  2. #12
    jmm232 is offline
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    Joined: Apr 2008 Posts: 206
    I am still learning as well. Numbers look suspect to me . Let me attempt to put some pieces together.

    Increase in number of shares does not imply a company going under. It could be that they have increased the number of shares as a hedge against their large short position. The fact that they increased their number of puts significantly during the last 3 month period while they continually downgraded it implies manipulation to me.

    The 10/11 3.25% bonds have been trading between $62 and $81 during the period GS acquired them. I don't think GS is buying up bonds for a company they expect to BK.

    I expect to see a substantial change in their puts in the next filing. Problem is that filing won't be out till mid February.

  3. #13
    otone is offline
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    Thanks jmm. Definitely need to read up more on all this and do some more DD, but research like yours points me in new directions. thanks again.

  4. #14
    homer985 is offline
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    Joined: Mar 2008 Posts: 485
    Quote Originally Posted by SD-08 View Post
    Cos1000 has discovered that the reporting of MFFAIS comes from the quarterly reports given to the SEC from the mutual funds...
    SD -- The filings you refer to are the 13F filings. All 13F filers are required to report holdings of $100 million or more in certain security -- within 45 days of the end of each quarter. Sirius is a 13F Security.

    3rd quarter ended on September 30, 2008 -- and so all 13F filers were required to file their 13F reports to the SEC by this past Friday. Over the next few days, you'll have a fresh update on the NASDAQ site (and others) with updated holdings as of 9/30/08.

    http://www.sec.gov/divisions/investment/13ffaq.htm


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  5. #15
    SD-08 is offline
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    Joined: Nov 2008 Posts: 33
    Thanks Homer,

    So we should see an updated percentage of institutional ownership soon?

  6. #16
    jmm232 is offline
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    Joined: Apr 2008 Posts: 206
    Hey Homer,

    What do you think of the new bonds that GS picked up?? Not a lot right now, but curious considering what their analyst has said of the company.

    $530,000 in the 3.25% 10/11 bonds

    -- EgisCodr

  7. Ad Fairy Senior Member
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