Vince Martin
Long/short equity, value, gambling

TheStreet Looks Cheap, But It Also Looks Out Of Options

I managed to bail out of my long position in TheStreet (NASDAQ:TST) in November near $1.70, and not a moment too soon:

(click to enlarge)

source: finviz.com

I took a small position ahead of Q3 earnings based on an admittedly flimsy bull case, arguing what was then a yield well past 5% would provide support and allow for a low-risk flyer on the newly acquired The Deal and BoardEx businesses.

Including a dividend payment, my losses were minimal, but clearly, recent action proved how flimsy the support provided by the yield would turn out to be; indeed, at Tuesday's close of $1.22, the dividend yield now exceeds 8 percent, and TST trades at its lowest price in over

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details