I am bombarded with these types of emails everyday, but I notice the increasing sophistication in these “fishing” missives. I post it as is.
Good day to you and your family, i want to use this moment to communicate you privately, I apologize if the contents of this letter are contrary to your moral ethics, I am really happy sending you this letter to know some one like you in my life. Let start from here to know ourselves and see what the future will hold to each other. I am Eleev Belaid a Tunisian by nationality, 26 year old single female and never married before, a first year university student and studying medicine.
My Father, Mr M. C. Belaid worked with the Arabian Gulf Oil and Gas Company as top senior officer in Tripoli Libya and also was purchasing a large quantities of metric tons of raw organic Cotton. He was into exportation of cottons from Burkina Faso Agro-business product company before his sudden death as he was killed by the rebels (al-Qaeda terrorists) on 20th October 2011 during the civil war in Libya. They attacked our house one early morning killing my Mother and my Father. I was not a victim of death because i was not living with my parent but was at the school Dormitory when the incident took place, after i have confirmed the death of my parent, i traveled back to Tunisia (my country) where my Father had his Siblings and investments/properties, my wicked uncle who had been controlling my late Father’s investments/properties whom i met in person said that i have no right according to tradition and custom of the land to inherit my late Father’s investments because i am a female and my Mother didn’t have a male child for my Father since i am the only child for my parent. My attempt to go into argument with him he threaten to killed me which made me to ran away for my dear life.
Firstly, I don’t have another option than to let you know about this so that you can help me out, but before the war got out of hand in Libya, my late Father moved all his funds into one of the European Banks. The amount that was moved to European bank was a total of $5,800,000 Million USD. I had applied to bank for the release of the funds to me, so that I could start a new business, but the bank Directors told me that my late Father left a “Note”(WILL) in the form of conditions, that the bank Must Not release the funds to me until I have an experienced of investing the funds into a very good business venture, and the “Will” also stated that I should present an experienced business partner/manager before the bank, who would assist me in investing wisely.
This then brought me to the issue of searching for a reputable and trustworthy person who would be my investment manager over the transaction with the European Bank and who has vast experiences in profitable businesses, where to invest the funds into. I want you to tell me more about good investments in your country, so that I will move this fund into your account in your country so that I can relocate my investment plan to your country. Tell me more about your country. How good it will be to invest in your country. I will appreciate whatever result you may brief me. Do let me know your idea and knowledge regarding these or any other profitable investment you may suggest. After the whole deal and the fund is released, You will be rewarded with 30% of the total amount for your participation and also any future investment profit you are entitle of 10% as your benefit.
Please, am seeking your humble assistance to uptake and accept the below responsibilities:
1. To stand as my Foreign Partner over the transaction.
2. You are to provide any account for the transaction (either empty account or existing account.)
3. After the transaction process, you recommend a nice university where to complete my studies.
Honestly, my days are not good since i came over here in Ouagadougou, Burkina Faso in this prison called refugee camp. We are only allowed to go out on Mondays and Fridays of the weeks. It s just like one staying in the prison and i hope by God’s grace and with your future assistance i will come out here soon.
Reply soonest to proceed.
Miss Eleev Belaid
What bonds are saying about Valeant http://seekingalpha.com/article/3994126-bond-market-saying-valeant
Valeant’s bonds are trading at non-distressed levels, and have done so throughout the past year while the stock has sold off ~90%.
The bonds are currently trading at the same level that they were before the March earnings report, while the stock has sold off by almost 70% since then.
The bond market does not believe the negative message that the stock market has been sending about Valeant.
The B3/B- rating of Valeant’s bonds implies a 27% chance of bankruptcy over 10 years. I show that the share price ~$23 is pricing in a 67% chance of bankruptcy.
This is done using a comparison with peers based on EV/revenue, which shows that Valeant’s shares should be trading at ~$70 in normal circumstances.
One way to determine the cost of capital would be the rate of interest needed for a banker to loan all the firm’s capital. See Chapter 8: Cost-of-Equity-Capital Credit Model in Security Valuation and Risk Analysis by Hackel
4 responses to “Seeking an Investment Manager! Lesson on Cost of Capital (VRX)”