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Brice Mckalip

 
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  • Short TrueCar: First Mover, First Loser [View article]
    Costco is mentioned as a competitor on page 21 of the prospectus (http://bit.ly/1xFyUOj)
    Oct 12, 2014. 04:12 AM | Likes Like |Link to Comment
  • SFX Entertainment: Playing House Music In A House Of Cards [View article]
    Probability of default and LGD are different figures in credit methodologies. This is most clear in CDOs where a senior tranche can be rated AA or even AAA but have an LGD of near 100% if it's a thin slice of the portfolio's value.
    Oct 9, 2014. 02:29 PM | Likes Like |Link to Comment
  • John B. Sanfilippo: Transformed CPG Company With Large Upside [View article]
    Thanks for your anecdote Cashewking, aligns with what I figured the market was like. While there may not be an organized exchange, there's still a market price and I think JBSS' inventory risk is significant.
    Aug 22, 2014. 12:46 PM | 1 Like Like |Link to Comment
  • John B. Sanfilippo: Transformed CPG Company With Large Upside [View article]
    Do competitors have the same timing for their cost/price cycle? If not, I'd expect that competitive pressures would quickly cut into the wholesale price of JBSS' product, whether there's a secondary market or not.
    Aug 21, 2014. 12:11 PM | Likes Like |Link to Comment
  • John B. Sanfilippo: Transformed CPG Company With Large Upside [View article]
    What happens to the value of their inventory when nut prices fall? Think they'll be able to keep prices up while they run through inventory or will the market price fall below cost?
    Aug 20, 2014. 01:56 PM | Likes Like |Link to Comment
  • Whiting USA Trust Is Comically Overvalued And Should Get Cut In Half [View article]
    I think the options market is priced correctly as expiration is "currently estimated to occur during the quarterly payment period ending March 31, 2015" and I think the last payout will then be in the middle of May so the shares should have ~$0.56 of value when the March 20, 2015 options expire.
    Aug 19, 2014. 07:09 PM | Likes Like |Link to Comment
  • In Their Final Days The ADRs Of Allied Irish Banks Are Still Overpriced, Will Be Redeemed Friday For $1.22 [View article]
    My payment cleared at $1.2201 as well, can't speak to what Interactive Brokers is up to but it would be the first merger payout that's higher for short sales than received by common I've heard of. Not saying it has never happened, just that I haven't seen it.
    Aug 19, 2014. 03:45 PM | Likes Like |Link to Comment
  • iShares launches a target date muni-bond ETF as another matures [View news story]
    Price return of <1% but it had yield all along the way which is typically the point in owning fixed income securities with a coupon.
    Aug 15, 2014. 01:42 PM | Likes Like |Link to Comment
  • Starbucks testing mobile ordering system [View news story]
    Reduces cost by eliminating some credit card transactions and the fees that come with. Personally, I reload in $100 increments while buying $2.70 frappuccinos and so have 97% fewer swipes.

    Clearly it's mainly an engagement play but making transactions just a little cheaper and faster matters a lot when you've be <$5 transactions.
    Jul 18, 2014. 05:24 PM | Likes Like |Link to Comment
  • Aruba, Ruckus, Aerohive pop as FCC approves $2B Wi-Fi plan [View news story]
    Agree @Philip, wandering through Wikipedia has eaten up a fair number of evenings but much better use of the time than TV and more informative than most books.
    Jul 11, 2014. 02:55 PM | 2 Likes Like |Link to Comment
  • Puerto Rico officials try to reassure amid another downgrade [View news story]
    "Should be unquestioned" and yet it is being questioned because it is indeed questionable.
    Jul 10, 2014. 03:37 PM | Likes Like |Link to Comment
  • TripAdvisor: Eyeballs Growth, Can't Justify The Valuation [View article]
    So basically all the comments agree with the author that TRIP is overvalued but disagree it's a short because either it might continue going up (obviously true for any stock) or because there are even more overvalued stocks (true for all but one stock I suppose). Seems like people are looking for perfect pitches.
    Jul 6, 2014. 04:08 PM | Likes Like |Link to Comment
  • Are the big banks value traps? [View news story]
    And to each of the four I'd respond:
    1) but banks' have very positive net duration so this is a negative to equity value
    2) but the yields on those loans are very low
    3) returning capital is what you do when you have nothing good to invest in, not what you do when your industry is expecting good times
    4) junk yield spreads show this is already priced in
    4.5) indeed, trading remains sluggish
    Jun 16, 2014. 03:43 PM | Likes Like |Link to Comment
  • Cherry Hill: Strong Value With Low Credit & Interest Rate Risk [View article]
    I agree with the thesis. MSRs' negative duration pairs well with their RMBS and I think the market will recognize this once interest rates move and CHMI's results don't. Investors love consistency.
    Jun 14, 2014. 06:20 PM | Likes Like |Link to Comment
  • Exchanges bust erroneous pre-close AOL trades [View news story]
    And don't deserve to get their trades busted either.
    How can HFTs say they provide liquidity if the very times I want liquidity (quote far from fair value) are the very times they get to cancel?
    May 14, 2014. 12:19 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
122 Comments
54 Likes