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Sorted by: Date | Top Results
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Date |
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| 1. |
Re: Bondholders??? Are bond payments safe? 
You should have been paid par for the August bonds.
They will not come after these payments, because the
contract for them was well in advance of the 90..
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Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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2-Nov-09 10:10 am |
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| 2. |
Re: Do not let shorts cover there illegal naked short positions!!!!
dud e why is the stock off so much then? You have no
idea what the hell you are talking about.
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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2-Nov-09 08:09 am |
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| 3. |
Re: VERY CONFUSING THE 2,5%
The 2.5% for the common was only in the exchange option.
However, bondholders decided that they would rather
prepack the company. The common and the Pfds get zero.
They will be wiped...
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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2-Nov-09 06:12 am |
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| 4. |
Re: Nov. 1st Notes
If they were going to pay (which they will not), they
tachnically have until Monday. DTC (the payment system)
is not open until then. Maturing on A sunday just
gives them another day...
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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1-Nov-09 09:48 am |
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| 5. |
Re: cit to restructure no bk
They are about to file a pre-pack bk. In doing so they
will render the curent shares WORTHLESS.....ZERO
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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31-Oct-09 01:10 pm |
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| 6. |
Re: Two Key Questions
actually it might be easier. Afterall at this point
which suitor would want it pre-BK? After a short BK
process, the company emerges with 5.7bn less debt.
Why would someone buy now?
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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30-Oct-09 04:50 pm |
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| 7. |
Re: DOW breaking 9,800: what happened to 10,000+? Oh, CIT BK!
He already owns this. Mr Bush put in 2.33bn into this
POS. Obama just inherited it.
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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30-Oct-09 12:08 pm |
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| 8. |
Re: Windfall?
70 cents of new bonds, plus a slug of the equity on
exit.
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT GROUP INC EQ UTS (CIT-PZ)
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wagner2626 |
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30-Oct-09 09:36 am |
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| 9. |
Re: Common not wiped out! Quit spreading lies
You have to be kidding. This thing is toast. The common
is worthless.
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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30-Oct-09 09:21 am |
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| 10. |
Re: Valuation of bonds--what is definiton of "overvalued??"
I wonder if the collapse of CIT which will likely occur
over the weekend will have a negative effect on PHK.
I agree that this is one of the most overvalued CEF's.
This thing is loaded with leverage. I...
Business & Finance > Investments > Stocks (A to Z) > Stocks P >
PIMCO High Income Fund (PHK)
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wagner2626 |
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30-Oct-09 08:38 am |
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| 11. |
Re: WANT TO KNOW TODAY, IF CIT WILL DEFAULT ON MY 11/1/09 BONDS.
1) you are not getting par they will default 2) technically,
they have until the next business day to pay you.
So theoretically they could get you the cash on monday.
My opinon, selling here at 65 for...
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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30-Oct-09 07:50 am |
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| 12. |
Re: When will CIT file for ch 11?
They have to file by 2pm Monday or pay the Nov 1 notes.
2pm is the DTC wire deadline. Bye-Bye common
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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30-Oct-09 07:46 am |
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| 13. |
Re: So what happens?
sell the Nov 1 bonds now. Very likely that prepack
happens and you lose the premium to the other notes.
I think that the bonds are fair value here at 63.
Possible that they are...
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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29-Oct-09 03:34 pm |
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| 14. |
Re: Talked to Bloomberg Reporter
Yes only the '09 bonds get 90 cents in new deb
t.
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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29-Oct-09 09:41 am |
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| 15. |
BK Inevitable
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CIT%3AUS&sid=amKwmYefQHZc
equity worthless
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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29-Oct-09 09:38 am |
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| 16. |
Re: CIT shareholder proxy letter sent this morning
They felt fine as SHAREHOLDERS or as employees? More
and more this looks like a prepackaged BK next week.
They have until Monday at 2pm (DTC Payment deadline)
to pay the two...
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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29-Oct-09 08:07 am |
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| 17. |
Re: The real skinny
Where do you see that they pushed out the vote dates?
Are you talking about the Delaware funding (eg Canada
sub) bonds?
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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28-Oct-09 03:14 pm |
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| 18. |
Re: Once plan gets rejected CIT goes to $1.50
that's it, that's what you are investing on?
Hope? CIT will declare BK no later than 2pm Monday.
Lets see what happens.
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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27-Oct-09 03:52 pm |
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| 19. |
Re: For Those Claiming BK Coming Soon...
1) Unlikely that the 5 bondholders (Centerbridge, Silverpoint,
Oaktree, Silverpoint and Paulson) have the ability
to buy 60% as you suggest. Do the math, 40bn in debt
x 60% (your number) x average price of 55% = 13.2
billion...
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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27-Oct-09 10:42 am |
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| 20. |
Re: For Those Claiming BK Coming Soon...
I doubt this.......Icahn has been buying up the internores
and may have enough to block the exchange. Where would
more $$ come from? They are not going to pay the early
Nov...
Business & Finance > Investments > Stocks (A to Z) > Stocks C >
CIT Group, Inc.
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wagner2626 |
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27-Oct-09 10:19 am |
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