It’s Friday. No calories since Sunday. A few Diet Cokes and the rest LaCroix sparking water. Ate two bags of Korean BBQ flavored beef jerky this evening. Scale says I’m down 12 pounds since Monday. New fast starts now.
Bernard
I’ve got a handlful of WEMO switches switches controlling my outdoor lighting and a few indoor lamps. Also two Honeywell Lyric T5 thermostats. Quite pleased with the whole setup. Simple and affordable
Bernard
Their credit rating is junk, but that doesn't mean they can't borrow money. It's just more expensive. They have a lots of assets that can serve as collateral for secured loans at rates far below junk bond pricing. Asset sales, as you mentioned, are also an option to raise cash. They aren't broke by a long shot, yet. The X Factor is eventual liability cost for the fires, but that won't be settled for years.
Not sure how you define "zombie" company. They are in trouble for sure. Future BK and re-capitalization that wipes out the shareholder wouldn't surprise me.
The underlying business isn't going anywhere though. Certain posters above think the whole operation is going to shut down.
Bernard
PGC can fail without customers being affected. PGC goes BK. Shareholders get wiped out. Debtors end up owning the company. The underlying business with generated nearly $2 Billion a year in net income isn’t going anywhere. The power plants aren’t going to shit down.
PCG has a market cap $45 Billion back in September. Current market cap is $9 Billion. The company earns nearly $2 Billion per year in net income. They certainly have the balance sheet to deal with the liquidity crisis. Potential liabilities for the fires however, are massive. They have insurance, but perhaps not enough.
Bernard
Today was my first weigh-in since September...
January 2018 - 324 lbs
August 2018 - 232 lbs
Today - 279 lbs
Fuck.
Glass Half Empty - scale is up 47 pounds.
Glass Half Full - I'm starting 2019 45 pounds lighter than 2018.
New fast start today.
Bernard
Let me get this straight:
1. Great aunt died with a will that named your mom as executor;
2. You mom, as executor, distributed all the cash/securities/etc., but ignored (or otherwise failed to distribute) the great aunt's land;
3. Now your mom is dead, but you're not sure how your mom's estate (which included the land) was distributed.
Right?
Who is/was the executor of your mom's will? That might be a good place to start.
Next I'd go find a copy of your great aunt's will and find out exactly who she left the land to.
Find a local title insurance company or abstract company to tell you who they think owns the land.
Figure our who owns the land. Call them and see if they want to sell. I don't see the need for a lawyer.
Bernard
Here for my walk of shame...
Lost 92 pounds from 1/1/2018 until the football season started. Thought I had a decent plan to maintain. Lots of football, food and beer put that plan straight in the ditch. I'm back for 2019 though. Haven't been on the scale in a couple months. I'm still way down from where I was 12 months ago, but kicking myself for not falling off the wagon so hard.
Sugar Bowl and tomorrow's Texans playoff game kicked my (broken record) New Year's resolution back a few days. Shit gets real again on Monday. Same plan as 2108: Fasting. I'm still a believer. I'll have some actual numbers soon. I moved (to Houston) a couple weeks ago and my scale is still back at the old house (in Sugar Land).
Bernard
Filing bogus tax returns is common fraud, but I’ve never heard of a case where the fraudster used a stolen SSN to get gainfull employment and then filed bogus returns.
Nevertheless, my post was tongue in cheek, not actual advice.
Bernard
This hits close to home. I drank cold delicious Bernard beer at Bohemian Beer Garden about a half mile from there not too long ago.
Bernard
Edit: tried to quote the NYPD tweet.
Yes. Shut the fuck up let them pay into your SS. If you’re not already maxed out every year, this Good Samaritan is helping you earn a larger payday upon retirement.
Bernard
My 15 year old Whirlpool washer/dryer are still operating and looking like new. Other stuff is 6-7 year old Bosch, just because I liked how it looked. No issues either. Unless you want some fancy pants designer shit, buy Whirlpool.
Bernard
Not sure what Bellmont’s balance sheet looks like right now, but not too long ago there was $365 million of debt on the books to pay for stadium improvements. Bellmont won’t be borrowing for this arena, but the other (non-UT) partners are certainly going to be issuing a few hundred million dollars worth of bonds to get this thing built. Then everyone just crosses their fingers that the other-than-UT-basketball revenue can pay off the bonds over the next 35 years. If not, the bond holders are going to end up owning the arena.
Bernard
Lots of great reasons to hold on to it. The primary drawback is that you’ll lose your chance at a tax free gain three years after you move out. If you’re sitting on a large gain, it may make sense to sell now.
Bernard
HA. This is me exactly, except I learned it at the 1997 Fiesta Bowl. I was sitting upper deck in the corner with other Longhorns. Next sections worse than us were clearly a bunch a freebie giveaways to military, charities, etc.
And +infinty on upper deck in the Super Dome costing $150. Fuck that noise. I went to every single road game this year for free. I might not get into the Sugar Bwol for free, but fuck if I'm spending $150 for the upper deck.
Bernard
Don’t expect them to start making sense now. These are same people who say Jeffery Dahmer can go to Heaven as long as he says he’s sorry and asks his invisible Sky Daddy for forgiveness, but all 5+ Billion non-Christian human being currently living on this planet are going straight to Hell for eternity.
Bernard
Don’t expect them to start making sense now. These are same people who say Jeffery Dahmer can go to Heaven as long as he says he’s sorry and asks his invisible Sky Daddy for forgiveness, but all 5+ Billion non-Christian human being currently living on this planet are going straight to Hell for eternity.
Bernard