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Ho-Ho-Holding Mexican Bimbo Can't Get Paid
Sad but true. Current owner of the Twinkies and Ho-Ho brands, Mexico's Grupo Bimbo, had planned to take advantage of an exuberant public stock market by bringing a secondary stock offering to reduce its leverage. Everything was good-to-go on Friday, but with the market now down a stunning 1.5% from pre-BABA IPO levels, they have pulled the offering:
- *MEXICO’S BIMBO SAID TO POSTPONE FOLLOW-ON SHARE OFFER: REUTERS
No comment as yet on the reason, though we assume "market conditions" will be cited as the fickleness of capital markets' animal spirits is once again exposed for all to see. Perhaps Grupo Bimbo should rename themselves Grupo Bimbaba?
As Bloomberg reports, Friday things were all go-go-go...
Sale of 201.3m shares to be managed by BofA, BBVA, Citi, HSBC, JPMorgan and Santander, Bimbo says in e-mailed statement.
Offering in Mexico, U.S. and other countries will represent a capital increase of as much as 4.3%: Bimbo
And now...
- *REUTERS CITES STOCK EXCHANGE SOURCE ON BIMBO OFFERING POSTPONED
What a difference two days make!
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HO HO BIMBO?
Is that a snide reference to our dear POTUS?
Our Negro-in-Chief is indeed a "Ho" for Wall Street & MIC, and a closet gay Bimbo, so I guess the POSer-Of-The-United States is Both.
That's what happens when you play with your Twinkie too much.
(talkin' about the new issue, not any person)
And all this time I thought Grupo Bimbo refered to the Kardashians. Guess you're never to old to learn something.
twinks and bimbos? Am I on the right site?
I wish I could get my hands on some of that Bimbo. Heavily processed sugar ladden GMo wheat snacks are the lynchpin to keeping the public malnourished and agitated to the point that they can't focus. Like Hannibal infecting African elephants with skin infections and getting them drunk before charging into battle. Forward!
So the Zero Hedge official line is that when a big IPO is sucesssful (Alibaba) it proves the market is in a bubble.
And when a big offering fails (Bimbo) it proves that the market is in a bubble.
Is there ANYTHING that the pemabears at Zero Hedge don't take as a sign of a market top?
I don't know, are you ?
Yes, that 1.5% is StUnNiNg!!!!!!!!!!!!!!!!!!!!! : 0
Making money on my short S&P position; I told you to short it; so don't blame me. Also; please note Silver working it's way higher this week, as I told you it would.
Don't tell CNBC about this!
CNBC increasingly hostile to bearish analysts:
http://tinyurl.com/o9nhpj5
Don't even have a TV Set; never watched a CNBC in my life. And I'm not an "analyst"; I'm just a lucky guesser; ha-ha-ha. LOL>
If I ran a company, it would be my own hedge fund. Instead of buybacks, my company would issue stock then sit on cash. Stock market crashes, use that cash to buy back all of the shares and then some.
If you really want to make bank, you need to be a bank. Or a non-profit. Been trying to figure out how to make our adivory firm a non-profit for years.
Just give it away for free....
"The best way to rob a bank is to own one"---famous quote.
Keep your eyes open for a spin-off of recently acquired Canada Bread from Maple Leaf Foods. They will either release an IPO, or sell it privately to McCain Foods.
Roger that; will do. thnx. for the heads up.
Here's a Video Interview on border security from an insider
https://www.youtube.com/watch?v=DqHEYR8WVO0
Weren't we reading just Friday about how the biggest 'smart money buy in' of all time, fully leveraged of course, had just taken place and we all dumb money's lost out? WTF?
So not to get to distracted by the Coalition of Futility, how Ironic that this is not receiving any press time.
Obama Administration Moves To Crack Down On Tax Inversions - Forbes
Too bad he's not going to crack down on Presidential Negroid Inverts.
What are all the "BTFATH"'ers waiting for, Wednesday?
I heard they all BTFATH'S last Friday, fully leveraged of course.
I'm really sorry to have to ask; but what does BTFATH, stand for ?
"Buy The Fucking All Time High!"
Bitchez!
http://www.youtube.com/watch?v=o97uNzbBfis (0:12)
Bimbo is not BABA; they actually produce something good, like Twinkies and delicious Ho-Ho's.
1986. San Pedro Sula, Honduras. The advertising slogan "Si no es Bimbo, no es pan!" was on every radio, every TV and painted on every vertical surface in the country.
The popular game was to cross out the first three words leaving "Bimbo no es pan!"
I chuckle about that to this day.,
2014 San Pedro Sula...you're very likely to be murdered...maybe they should have eaten less Bimbo.
Does this mean the second chance offering of their sister company "Grope-a Slut" is off now too?
Having moved all my savings to Vietnam, I was going to put all my Dong in Bimbo! What a disappointment this is!
"It's finger lickin' good!"
Knukles, I'm making money shorting the S&P !! I know, you don't care, but I just have to shout it out to someone, so I picked you; hope you don't mind.
Very nice. Now, many here might get green with envy outright agitated or even downright want to know where you live saying that, because so many of our brethren here have lost their shirts, ties and fleece lined peter heaters shorting this monster over the last 5 years, it ain't even funny anymore.
So good on ya'
But... Don't get Yellen about it too loud or they'll hear you all the way to the Mariner Eckles Building and buy the damned thing just to silence the last bear standing
That or audit your ass.
Another round of popcorn for everybody! I'm buyin'!
I try to help by posting when I put on positions here; but no one ever pays any attention. The Taxes are cool; Futures trading just pays straight income tax; very simple; I pay every year. no problem.
"Grope a Slut":---the oldest business in the world is still doing fine.
Maybe it was more a matter of someone in marketing finally waking up to realize they might want to change their name from Grupo Bimbo before trying to attract new investors.
That and the fact that WE LIKE MEXICAN FOOD BETTER THAN TWINKIES IN AMERICA NOW YOU STUPID MEXICANS!
Bimbo doesn't own Twinkies and Ho-Hos. Lame work by Tyler.
Why was Alibaba capitalized in the US???
I read it had to do with ownership regulations in China but that seems suspect.
Uh..... Maybe because the US market might be the most expensive one out there?
But WTF do I know?
Alibaba floated in HK right at the top in '08 and ended up buying shares back from public at a loss
"Alibaba"---the "just trust me" Chinese company. When that flies in the US Market, you know the top is in. Maximum fool has been reached.
According to MarketWatch; "Gold is over now; permanently tarnished". HA-HA-HA.
Thousands and thousands of such stockholding companies have on-paper vastly overvalued "assets" that they KEEP TRYING to sell to some greater fool and turn into real money...
Isn't working!
Pan bimbo, refrescos, fried pork, etc.. Just wait until all of the chronic diseases caused by poor diet make health care even more expensiive,
I was at my wallmart yesterday and I saw a fat Mexican mom, with 3 girls that were all under 12 and fatter than her.
I see this everyday.