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Steve Jobs Talks About His Legacy In This Never-Before-Seen 1994 Video http://bit.ly/16gLA0q about 9 hours ago
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Kyle Bass being rational, lucid, thoughtful Kyle Bass: http://bit.ly/18ZWWLk about 14 hours ago
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If you read only one article on SA today, I would recommend Failed Titanic Sale Won't Sink $PRXI: http://seekingalpha.com/a/wadc about 14 hours ago
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Wilson Wang on InterOil (IOC) Produces Awesome Chris! Getting that nice premium!
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Chris DeMuth Jr. on InterOil (IOC) Produces I have been writing calls weekly in the $90-110...
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Wilson Wang on InterOil (IOC) Produces I think so too! Let's see how this plays out.
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UNEMON1 on InterOil (IOC) Produces IMO, plenty of room to fall. Covered the first ...
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Wilson Wang on InterOil (IOC) Produces I just covered, did you cover yet? LOL thanks f...
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InterOil (IOC) Produces
"Look at IOC. IOC's momentum is major and it will surprise to the upside."
* Technically an actor, who was playing a "hot-shot Wall Street trader" in the movie Money Never Sleeps
"InterOil is a company we have done very well with to our investors…"
* Mr. Belesis is innocent until proved guilty in a court of law and remains free on his own recognizance.
InterOil (IOC) trades on the New York Stock Exchange in New York. But its operations are nine thousand miles away in Papua New Guinea. In New York, InterOil produces shares outstanding…
(click to enlarge)
Meanwhile in Papua New Guinea, what, exactly is going on with InterOil?
(click to enlarge)
"InterOil (IOC) Staff participate in various sports"
"InterOil (IOC) National Softball Club Championships"
"InterOil (IOC): The biggest morning tea on the balcony"
(click to enlarge)
(click to enlarge)
Disclosure: I am short IOC.
Wine Arbitrage
We have a bit of an investment in Constellation Brands (STZ), which appears likely to secure antitrust approval for their deal with Anheuser-Busch InBev NV (BUD) by this time next week. We hope to make a few bucks, but here is a related idea that I like even more. While we're on the topic of wine, the following idea is simple: free money + good wine.
My idea is to sign up for this wine service in which you get insider access to fine wines that are made available in small quantities at reasonable prices. With your free membership, you get a $10 credit into your account for you to use within 48 hours.
How to use it? They have a seasonal wine club that offers $112 of wine for $49 and is currently offering an additional $10 of credit. So, net of total credits, you are getting over 74% off for good wines. At your discretion, cancel subsequent shipments.
Your purchase will be at a substantial discount to the sum of the parts valuation. The Balius Chardonnay 2009 is not my favorite (no offense Balius - this is wholly due to my generally lack of enthusiasm for Chardonnay), but at a $11.95 value (perfectly good for dinner party gifting purposes) this is over a third of your expense. The 2009 Borgo Pretale Le Crete Chianti Classico is worth another $22.99. So, you pay under 83% for these two bottles, and you get the other four (quite good) wines free and clear.
Disclosure: I am long STZ.
Glenview Capital's 7th Annual Casino Night