Interests:naruto style sprints; nice smiles; nice butts; ya-me-te!!; adventures; calbee chips; raaamen; fantasy baseball; role-playing; fine dine; kanye west; corporate perks; thug passion; buffalo wings; any wings; flicking; making girlfriends fat with my cooking and my cabinets of junk food; etc....and my faydootdoot of course. Occupation:Student Industry:Banking/Finance
We
cordially invite you to attend our 2007 Leveraged Finance Conference
held at the Wynn Las Vegas from Tuesday, May 8 – Thursday, May 10, 2007.
The
conference will provide an unequaled opportunity to bring together
investors and issuers to discuss and share current trends and
developments in the high yield and leveraged loan market.
Conference Features
Keynote Speaker
A Conversation with Dr. Alan Greenspan Dr. Alan Greenspan, Chairman of the Board of Governors of the Federal Reserve System (1987-2006), will participate in a keynote discussion with Dr. Maury Harris, Chief U.S. Economist at UBS Investment Bank, during lunch on
Wednesday, May 9, 2007.
Entertainment
Grammy award winning band, Maroon 5, will give a private performance for
UBS on the evening of Wednesday, May 9, 2007.
Got the Wynn till Saturday morning and while at it I'ma make a stop at Los Angeles. Whoevers in Cali make it out...guaranteeing good times.
I lost a lot in this investment that I made for my portfolio. I bought this company stock early with great promise of rising to new highs. And it did, reaching to great highs in a short period of time...but knowing that a company was young, it was bound to have great volatility. Knowing the beta would systematically hit over 1, I expected the stock price to jump around a bit --increase, decrease, increase, decrease...but ultimately, I held my ground not to sell early to reap the benefits for the future. I put a lot of time and research into it although I must admit, sometimes I just block out the market, just because you know...you just get tire...but for the most part I was up to date. I followed the credit from inception to adding additional leverage, to overcoming competitors' obstacles, to reducing industry risks along the way. I believe in the credit because it had a good idea, its products and services just needed some polishing from the sponsor. The sponsor straightened out the business mix, maximizing its strengths and minimizing exposure to risks. I had good faith, since the sponsor even invested on the subsidiaries of the parent company, sorta like building relationships amongst each other and keeping management happy. The stock was doing fine until the ladder part of the half, an unexpected shift that cost investors to lose the total wholesomeness of the credit. A part of management committed internal fraud, tripping through mandatory covenants imposed. Once the news were disclosed, stock price plummeted. Investors lost trust in the same management team that carried its mission statement well in the beginning. From slow secondary news, I caught it and I sold it but took a big loss. Looks like I have to be more analytical from here on out. I learned that even with high alphas; the right timing, a hot market, the right industry and most importantly, a strong management must all be right for the credit to work. They say you can't turn a bad credit good but once a good credit's gone bad...it's gone forever. Financial lessons at its best or at its worst?
