Daily Links: More Rubio. More Nash in China. More Dragic!!!

by Seth Pollack on Sep 3, 2009 4:10 PM MDT in Phoenix Suns: Daily Links

超酷意外惊喜！纳什突现北京东单与普通球友打篮球踢足球 - 视频 - 优酷视频 - 在线观看 - 史蒂夫纳什北京东单篮球足球优酷体育
超酷意外惊喜！纳什突现北京东单与普通球友打篮球踢足球 - 北京时间8月30日，北京东单篮球场潜入了一位神秘高手—史蒂夫·纳什。虽然经过一番"乔装打扮"，但刚刚踏上球场的纳什还是被眼尖的球迷认了出来，一下子被"包围"。工作人员...(via VotS)
Dream’s McCoughtry wins Rookie of the Month | ajc.com
Bonner was looking pretty secure in the ROY race but of late the #1 overall pick is making a strong charge
Slovenian Basketball, Teams, Scores, Stats, News, Standings - EUROBASKET
Most informative source for Slovenian basketball...(also could be the only source, but I am not sure). The latest is Beno Udrih out with a knee injury which will give even more time to Mr. Goran Dragic
An Interview With Rod Benson....And BOOM goes the dynamite! - Ridiculous Upside
How can you not read this?
Ricky Rubio might not make his NBA debut until 2012 - ESPN
Ah...now here is actually news / information / conversation about Rubio that doesn't involve either blaming him or blaming the T-wolves...nice
Alliance Bank marks $1B in assets - Phoenix Business Journal - Sarver's company had to raise $200 mill in a public stock issue? In June 2009 amidst a big recession? No question he lost his shirt on that sale.
"Reaching the $1 billion milestone in total assets, driven by our exceptionally strong deposit growth, continues to illustrate the value of having a strong capital position," ABA President and CEO Jim Lundy said in a press release. - in case you were curious how Sarver's bank is doing. And by "bank" I mean bank
Sticky Ricky - Canis Hoopus
In other words, his pre-duty/pre-agent fee take home pay for the first two years of his rookie contract is roughly $3.87 mil. That's $1.4 million in the hole if you add in the reported buyout. If he were able to secure a four year repayment plan, his post-tax take home pay would be roughly $8.69 million; $3.41 mil over the buyout over 4 years and $825k/year pre-agent/duty pay. The bottom line here is that it's pretty hard to look at the non-endorsement money on the table in the NBA and have it compare favorably to what Rubio will earn in Europe over the next two years. At the end of the day, the Wolves could only contribute $500k while Barcelona ponied up over $5 million. Rubio likely chose the far safer, and more economically sound, option.

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Sarver losing bank, literally.

Actually, despite the pomp and circumstance, the article also says the parent bank run personally by Sarver had to make a $200 million dollar public issue in July, in the middle of a recession. He, by selling a piece of his bank in the midst of a recession, basically lost his shirt as well as some bank.

Stop blamin' Sarver/Kerr/Shaq/Amare/Stern for a bit. It gets old =D

by ZonaFlash on Sep 3, 2009 4:30 PM MDT reply actions

Huh?

I he was able to sell stock on the public market he personally took in that money (assuming it was stock he owned). I don’t know what the issue price was and perhaps you could argue he could have made more later, but cash in hand is cash in hand

Blogging Suns Basketball

by Seth Pollack on Sep 3, 2009 4:38 PM MDT up reply actions

You don't sell in a down market, unless you are desperate.

When people are hoarding cash, getting them to give you 200 million of it will take a very profitable deal, for them. More for them, less for you.

Stop blamin' Sarver/Kerr/Shaq/Amare/Stern for a bit. It gets old =D

by ZonaFlash on Sep 3, 2009 4:50 PM MDT up reply actions

Your killing me

with your B-school thinking. That kind of “profit maximization” mentality is what got us into this mess.

He found a buyer for his paper. He sold the potential for future returns. Someone(s) spent money today on a promise.

Don’t look a gift investor in the mouth just b/c you might have been able to get more in the future. $200m is still a lot of $

Blogging Suns Basketball

by Seth Pollack on Sep 3, 2009 6:05 PM MDT up reply actions

I'm just telling you what it looks like from thousands of public issues in the last 30 years.

Seasoned Equity Offerings and the 1B Assets under Management aside, not sure how one could conclude that Sarver has made or is currently making “bank” here.

1B assets under management when the real interest rate is negative is not particularly indicative of profitability. The company lost $14.1 million in Q2.

As for the SEO, we are not talking about an internet IPO pipe dream, we are talking about a seasoned company and a good operation. If it recovers, then the price for the stock was cheap. If the company goes under, then that just shows how treacherous the situation is for Sarver.

And yes, Western Alliance Bancorp (NYSE: WAL) stock has fallen from $40/share in 2006 and is now at $6.80. It was at $9 before the SEO announcement, so it’s lost 20% since the public stock sale. It’s now in penny stock price territory.

Despite the losses, the upside is that they were able to retire half their TARP warrants.

Stop blamin' Sarver/Kerr/Shaq/Amare/Stern for a bit. It gets old =D

by ZonaFlash on Sep 3, 2009 9:09 PM MDT up reply actions

BTW we don't advocate any sports-related trading strategies here, and I am not a licensed stockbroker

Stop blamin' Sarver/Kerr/Shaq/Amare/Stern for a bit. It gets old =D

by ZonaFlash on Sep 3, 2009 9:11 PM MDT up reply actions

He didn't lose his shirt..

maybe a button or two.

"True glory consists of doing what deserves to be written, and writing what deserves to be read".

by Pliny the Elder on Sep 3, 2009 9:10 PM MDT up reply actions 1 recs

???

im kinda slow and didnt get the Sarvar article, so in simple terms did he make $200million or did he loose $200million

by phxuk: Ap on Sep 3, 2009 6:17 PM MDT reply actions

something like that

Blogging Suns Basketball

by Seth Pollack on Sep 3, 2009 6:18 PM MDT up reply actions

He took in $200 Mil in July, his subsidiary is now managing $1B in assets on the books.

Stop blamin' Sarver/Kerr/Shaq/Amare/Stern for a bit. It gets old =D

by ZonaFlash on Sep 3, 2009 8:48 PM MDT up reply actions

He took in 200 million? I don’t know if that means he profited, because he could have also lost more than that, but his having 1 billion in assets sure sounds like he’s making money.

by lonesomepoint on Sep 4, 2009 12:01 PM MDT up reply actions