Seeking Alpha
  • Chris DeMuth Jr.
    Rangeley Capital Ups Stake in Ocean Shore Holding ($OSHC); Suggests Sale of the Company: http://bit.ly/1diFjZu
    11/20/13
    Reply (22)
    • markrpat: Interesting, what's the hedge?
      11/20/13
    • Chris DeMuth Jr.: None.
      11/20/13
    • markrpat: Hedges already in place then. $TLT took a dump today.
      11/20/13
    • Chris DeMuth Jr.: $TLT is a fine short. Direxion Daily 20+ Yr Trsy Bull 3X Shrs ($TMF) is my largest/favorite short this year.
      11/20/13
    • markrpat: Roger. Thanks.
      11/20/13
    • bazooooka: Getting good at those activist letters =)
      11/20/13
    • gsterling: Thanks. I think these guys need a push. Any opinion on their buyback?
      11/20/13
    • Chris DeMuth Jr.: Accretive to value in a takeover.
      11/20/13
    • gsterling: Did you send them the letter before or after they announced the buyback announcement. I'm just curious if the buyback was reactionary.
      11/21/13
    • Clayton Rulli: CD: can you explain why this company would do a buyback instead of loaning out or investing money instead? Its not like they have big div.
      11/21/13
    • Clayton Rulli: I guess it is a better boost to EPS?
      11/21/13
    • Chris DeMuth Jr.: The buyback was a few hours after they received the letter.
      11/21/13
    • gsterling: It sounds like a 'let's do something to get him off our case' buyback.
      11/21/13
    • Ocean Man: The headline on Yahoo calls it a 21K share repurchase ($290,000) program. Looks like some other info is saying it's actually 210K.
      11/21/13
    • MOSMan: Some of the insiders have been avid sellers recently. I know insiders sell for all types of reasons.
      11/21/13
    • MOSMan: I never understand the rational behind selling an undervalued security.
      11/21/13
    • MOSMan: Then the fact is compounded after a buyback is announced because the said company believes its stock is cheap.
      11/21/13
    • gsterling: OM - Yes the (flyonthewall) headline says 21K but if you go into that article they correctly say 210k. Press Release says 210k
      11/21/13
    • gsterling: MOSMan - I would call selling about 5k shares over the past year being avid sellers.
      11/21/13
    • MOSMan: gsterling, you're right perhaps that is a bit of an exaggeration on my part. But, there is a small float here.
      11/21/13
    • MOSMan: You would think they would be buyers and not sellers. But again there could be numerous reasons. Hopefully nothing fundamental.
      11/21/13
    • MOSMan: Reuters and Business Wire are both reporting 210K which is approximately 3% of the outstanding shares.
      11/21/13