Word: stratas
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...poor economy, where should investors be putting their money? What is likely to flourish? I am still very leery of the financials or anything remotely connected to U.S. consumer discretionary activity. I think that we are in a new paradigm of frugality that is widespread geographically and across income strata. It's not a cyclical theme but a secular theme. I want to be situated in areas of the market that don't have a lot of cyclicality in terms of consumer spending - or capital spending, for that matter. I favor staples stocks (food, beverage companies, etc.) over consumer discretionary...
...Instead, the animals seemed to escape unharmed. Other paleontologists, however, believe that the very proximity of El Peñón to the impact site makes the results even less reliable. Earthquakes and tsunamis that resulted from the collision could have wrought havoc on the sedimentary record, causing discrete strata to swirl together and completely scrambling time lines. Keller disagrees, pointing out that the slow accretion of sediment that she and Addate recorded is completely inconsistent with a sudden event like a tsunami. (See pictures of animals in space...
...thing about Eliza is, it's not like she can turn off the Eliza. She always is her. She has great versatility, and there's lots of different rhythms, and characters, and eras, and social strata she can play, and the way she moves, the way she reacts, she's doing a lot of lovely, subtle work. But at the same time there is that Eliza thing. And that's kind of the premise of the show: no matter how often they tell her who she is, Echo is always in there somewhere, struggling to get out, and to self...
...That's basically the scenario for Strata. Its investors don't owe a dime on the first $130 million (or 13%) in losses on the $1 billion bond portfolio. That may seem like it gives Strata investors a lot of protection. But if just 15% of BofA's $1 billion imaginary bond portfolio, which are real bonds just not necessarily owned by BofA, goes bad, then 100% of the investment in Strata is toast. Because of that, Moody's rated the bond the equivalent of BBB-, which is the lowest investment grade rating the firm...
...what is Strata worth today? Certainly not the original $20 million it's investors paid for it. According to research firm Markit, the average CDO tied to mortgage bonds lost half its value last year. CDOs based on corporate bonds have performed better. However, Strata sold insurance against high-yield corporate bonds, and those will be the first corporate debts to go bad if the economy gets worse. Indeed, one of the companies in Strata's bond pool, Hawaii Telcom Communications, recently filed for bankruptcy. In mid-January, Moody's put Strata on its list of bonds it was thinking...