Fr. Emmanuel Lemelson

Fr. Emmanuel Lemelson

Greek Orthodox Priest – Assigned to the Holy Metropolis of Switzerland - Ecumenical Patriarchate

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Notes - November 17th - 2013

Monday, 02 December 2013 14:01 Published in Notes


Notes - November 17rd - 2013
9th Sunday of Luke (Gal. 2:16-20, Luke 12:16-21)
Saint Gregory the Wonderworker, Bishop of Neocaesarea
Tone of the week – Tone 4
Tenth Eothinon

Update: Western Digital Discusses Q4 2012 Results

Thursday, 26 July 2012 15:03 Published in Finding Alpha

On July 25th, 2012 Western Digital Corp. (WDC) announced their FY2012 results - and beat consensus EPS estimates of $2.47.  In after hours trading on July 24th as well as today, the shares moved up slightly, so it seemed like a good time to take a look back at some of the Amvona analysis of the company.



Image: Boston Real Estate Observer On June 22nd, 2012 the Massachusetts supreme court ruled on a very simple principle, that is to say a foreclosure by sale requires the foreclosing mortgagee, at the time of the sale, to hold both the mortgage and the underlying mortgage note.  the Case is Henrietta Eaton vs. Federal National Mortgage Association.


This may seem simple enough to the casual reader, except virtually no entities foreclosing on securitized mortgages in Massachusetts or elsewhere in the last five years (when the question has been especially relevant) possessed both of these items.

Spencer Platt/Getty ImagesOn May 17th around 2 p.m. a call came in from a friend, he said he had just received a call from his broker, who asked him “what he wanted to do about Facebook’s IPO”.    The response was intricate and subtle;


“wouldn't touch it with a hundred foot pole”


The advice was to consider buying Western Digital (WDC) instead if he had to buy something.    Sensing that the answer may have been a bit curt, the following email was sent shortly after the phone call:

The Last Judgment

Sunday, 19 February 2012 18:58 Published in Notes
Notes - February 19th - 2012

The Last Judgment (Cor. 8:8-13; 9:1-2, Matthew 25:31-46)

Meatfare Sunday

The Prime Ministers "One Dollar" bets

Wednesday, 01 February 2012 17:53 Published in Finding Alpha

one_dollarThe following is a copy of email correspondence we recently had with a friend and in the same spirit as our post "Correspondence with a friend on Investing".


Help was offered after learning of tremendous losses he had suffered in a bad investment.  We decided to publish the correspondence because it reflects the usual questions and fears often heard from investors as well as the answers provided - and because we think it's more efficient to provide representative correspondence once than continue to provide the same answers on an ongoing basis.


Persons names, the origin of the prime minister and various  and sundry details referenced have been either changed or omitted in order to protect their privacy - despite this, we still could not publish all of the related correspondence without revealing identities.

Houston, we've got a problem - Bevilacqua

Wednesday, 19 October 2011 20:14 Published in Economic Analysis
KranzConsoleOn Oct. 18th, 2011 the Massachusetts Supreme Judicial Court handed down their decision in the FRANCIS J. BEVILACQUA, THIRD vs. PABLO RODRIGUEZ – and in a moment, essentially made foreclosure sales in the commonwealth over the last five years wholly void. However, some of the more polite headlines, undoubtedly in the interest of not causing wide spread panic simply put it "SJC puts foreclosure sales in doubt" or "Buyer Can't Sue After Bad Foreclosure Sale"


In essence, the ruling upheld that those who had purchased foreclosure properties that had been illegally foreclosed upon (which is virtually all foreclosure sales in the last five years), did not in fact have title to those properties.


Given the fact that more than two-thirds of all real estate transactions in the last five years have also been foreclosed properties, this creates a small problem.

Background: A post Ibanez world


In January the Massachusetts supreme judicial court held in US Bank National Association vs. Antonio Ibanez that a note holder may not foreclose on a property in order to redeem a debt, if they are not also the holder of a valid mortgage (that is to say also with a valid assignment). We outlined the details of this case and its implications in our article "Ibanez – Denying the Antecedent, Suppressing the Evidence and one big fat Red Herring" on January 11th, 2011.

Love of Enemies

Monday, 03 October 2011 14:03 Published in Notes
Notes - October 2nd - 2011

2nd Sunday of Luke (2 Cor. 6:1-10, Luke 6:31-36)

Love of Enemies (Parallel Matt. 5:38-48)


Four Fisherman Called

Sunday, 25 September 2011 05:00 Published in Notes
Notes - Sept. 25-2011

1st Sunday of Luke (2 Cor. 4:6-15, Luke 5:1-11)

Four Fisherman Called (Matt. 4:18-22; Mark 1:16-20)

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