I've Never Owned A Rolex, But Maybe It's Time To Invest In Taubman [View article]
You perform some excellent analysis. Would be great to see this same quality applied to undiscovered small-cap equities outside of the REIT space. Thanks! Alex
Looks like a good one Paulo, any interest in doing a volatility trade and structuring it for a slight long bias? Don't know if the reward-risk is better...just feel that you can be more confident in the size of the move than in the direction it will go.
Holding My Nose And Buying 'Government Motors' [View article]
Totally agree Brett,
PEG at 0.47 and cash at almost 70% of market cap vs. Ford with PEG at 0.89 and cash at just over 45% of market cap. Both autos are good buys but GM has much bigger upside. Buyside agrees and this is a top 10 hedge fund holding. Einhorn spells out the value thesis better than anyone and he is arguably the king right now.
Bruce Berkowitz Expects To Make 4 Times His Money On His Core Holdings [View article]
Not sure if you were referencing my comment when you said "all the talk about doing due diligence" but yes I have taken the time to understand the industry (albeit, a cursory understanding), I knew the risks, and I also know if I had been paralyzed with fear - as you seem to be - I wouldn't be sitting on the gains I have now.
I agree there seems to be a 'bandwagon' factor now, but that has only developed to a significant degree over the past month. For those of us that were long for much of 2012 (or even earlier), this was a textbook value investment.
The Not So Hidden Catalyst For General Motors [View article]
^not the average market participant - responsible to taxpayers not shareholders, so there's an inherent difference of incentives. To "be out" is perhaps more valuable than waiting in hope of profit.
Bruce Berkowitz Expects To Make 4 Times His Money On His Core Holdings [View article]
Great article.
In addition Bruce did an incredible amount of due-diligence on AIG. It was a financial time bomb and he only bought it once he knew it wouldn't detonate. As well, I like the security of knowing every relevant regulatory agency as well as the Treasury was looking at the books every which way from the day of the bailout till now. I disagree with Bruce that it is worth 1x book value in todays market but I modelled out $47 as an extremely conservative valuation late last year (based primarily on lower returns on equity than he is expecting as well as a higher cost of equity, important to note that NOLs drive a lot of the value as well).
Somehow There Must Be A REIT That Screams Wow [View article]
Brad this was incredibly well researched and frankly quite enlightening to someone who knows very little about the REIT space. Thanks for both the lesson and the pick!
I've Never Owned A Rolex, But Maybe It's Time To Invest In Taubman [View article]
General Motors: The Stars Are Aligned For A Double [View article]
An Interesting Trade In Tesla [View article]
Holding My Nose And Buying 'Government Motors' [View article]
http://bit.ly/10ccOQK
Holding My Nose And Buying 'Government Motors' [View article]
PEG at 0.47 and cash at almost 70% of market cap vs. Ford with PEG at 0.89 and cash at just over 45% of market cap. Both autos are good buys but GM has much bigger upside. Buyside agrees and this is a top 10 hedge fund holding. Einhorn spells out the value thesis better than anyone and he is arguably the king right now.
Full disclosure I'm long.
Apple Could Learn A Thing Or Two From Qualcomm [View article]
Bruce Berkowitz Expects To Make 4 Times His Money On His Core Holdings [View article]
I agree there seems to be a 'bandwagon' factor now, but that has only developed to a significant degree over the past month. For those of us that were long for much of 2012 (or even earlier), this was a textbook value investment.
Respectfully, Alex
The Not So Hidden Catalyst For General Motors [View article]
The Not So Hidden Catalyst For General Motors [View article]
Diversifying Your Portfolio: The $100,000 Growth Strategy [View article]
General Mills Is A Top Choice For Risk-Averse Investors [View article]
Peeling Apple: A Long-Term ROE Analysis [View article]
Bruce Berkowitz Expects To Make 4 Times His Money On His Core Holdings [View article]
In addition Bruce did an incredible amount of due-diligence on AIG. It was a financial time bomb and he only bought it once he knew it wouldn't detonate. As well, I like the security of knowing every relevant regulatory agency as well as the Treasury was looking at the books every which way from the day of the bailout till now. I disagree with Bruce that it is worth 1x book value in todays market but I modelled out $47 as an extremely conservative valuation late last year (based primarily on lower returns on equity than he is expecting as well as a higher cost of equity, important to note that NOLs drive a lot of the value as well).
Disclosure: AIG is my top holding
Back Of The Envelope: Astral Media And Corus Entertainment [View article]
Somehow There Must Be A REIT That Screams Wow [View article]