Little Iceland kicks UK in the face

Discussion in 'Wall St. News' started by zdreg, Jan 6, 2010.

  1. Price graph of Ossur stock trading in Copenhagen.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2692811 \img>

    http://www.ossur.com

    Ossur may be an appealing investment. I recall reading that the company makes medical devices, orthopedic type.
     
    #41     Jan 7, 2010
  2. Hook N. Sinker,
    Sure, it was one of the greatest short of the decade.
    Dear Martinghoul,
    Thank you I didn't know that they had agreed and signed this into national law. And now, with this element I clearly see that you are right. In fact, I find it too a convenient solution for Iceland... in the short term.
    Because as you said it, the price that they will have to pay, if they don't respect their own law will be terrible... no more loans... BOOM... And I will clearly prefer to be homeless in FL than in ICEland :)

    With your clear and kind explanation I will conclude that Icleand is trying to f%%k everyone in the Icesave deal... Negotiation have to be done before the deal is signed.
     
    #42     Jan 7, 2010
  3. http://investing.businessweek.com/research/stocks/financials/financials.asp?symbol=OSSR:IR

    Ossur stock symbol OSSR appears to be a growing company. I notice net income increasing about 144 % in four years. Income statement is attached.

    Balance sheet http://investing.businessweek.com/b...dataset=balanceSheet&period=A&currency=native

    I notice total equity is growing, increasing about 64 % in four years.

    I interpret quarterly balance sheet and income statements as also reporting growth.

    About 50 % of total assets are goodwill. I normally avoid companies that show greater than 10 % of total assets as goodwill.
     
    #43     Jan 7, 2010
  4. 9999

    9999

    #44     Jan 7, 2010
  5. Didn't Abu Dhabi say that about Dubai, too? Until the market made them think otherwise, that is. I suspect we'll see the same thing here.
     
    #45     Jan 7, 2010
  6. http://www.kaupthing.is/?PageID=3530

    "About the Icelandic Bond Market

    The largest investors in the Icelandic market are domestic pension funds with 34% of the total market, followed by parties abroad with 25% of the total market."

    ===

    Many Icelandic people may lose their pensions.
     
    #46     Jan 7, 2010
  7. moarla

    moarla

    since they have there own currency, cancel all debt, close the old currency, put a new one (without banks :) ) and life goes on....
     
    #47     Jan 7, 2010
  8. dhpar

    dhpar

    #48     Jan 7, 2010
  9. #49     Jan 7, 2010
  10. http://www.arionbanki.is/?PageID=3530

    http://www.arionbanki.is/?PageID=1112&OrderBookID=25567

    I can not understand the language used here but this may be a graph of Icelandic HFF bond price and yield.

    Using online translator (http://www.stars21.com/translator/icelandic_to_english.html) I learn these translations:

    gengl translates to rate

    krafa translates to demand

    lokadagur translates to end date

    "HFF Bonds
    These are bonds issued by the Housing Financing Fund and guaranteed by the government. They are indexed with the CPI with the following which mature in the following years: 2014, 2024, 2034 and 2044. The securities carry a 3.75% nominal interest rate. The bonds pay out in equal amounts twice a year. HFF bonds constitute 43.2% of the market."

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2692889 \img>
     
    #50     Jan 7, 2010