Hudson Bay's Inflection Point Trading System [View article]
Thanks for the comment. From the note terms, Hudson Bay (alongside Iroquois and GRQ) was clearly involved with the company prior to its large rally this year, in part due to its landmark lawsuit against ATVI. I'll look into it more, though- it might not have been a vested stake, as you suggest. Thanks for bringing this to my attention.
People Love Same-Day Fantasy Sports, So I Love MGT [View article]
DraftDay.com is certainly another great competitor. Thanks for the comment. In terms of first-mover advantage, I believe that every major daily fantasy sports website has this advantage right now, because the industry is so incredibly young. If the largest daily website (FanDuel.com) is valued at only $60M, and the traditional industry has 35M players spending an average of $95/year in fees... it is just a matter of months before the daily websites gain millions of additional users.
Most players are not even aware that there is a daily option. They have always thought of fantasy sports as a season-long event. This mindset will change in the next few months as awareness spreads about fun, fast-paced, same-day betting, and I hope MGT leads the advertising initiative- they have the cash to do so.
I think you need to re-read the article. I like MGT more now than ever before. I'm working on a follow-up article on its daily fantasy sports business, anyway.
I put ACTG in my article because it was so cheap there for a while, indeed. I know a few traders who made very nice returns after that 50% drop and rebound. Very few people know how to value ACTG. They are one of the most diversified IP companies out there.
I Wish I Traded IP Stocks Like Hudson Bay [View article]
Thanks for your comment, but the answer is self-evident:
Why do people follow Berkshire Hathaway so closely?
We are not trying to replicate exact performance. We are trying to find high-quality ideas. If a fund has great performance in a particular sector - like Hudson Bay in IP - then we look at the fund's SEC filings to see if there are any ideas (just ideas) that warrant our further investigation. I have no interest in replicating the performance of Hudson Bay over all of its investments, even if I had the capital to do so. I make my own decisions. Anyway, I think MARA is an interesting idea, but I have not completed my research fully on that company. I'm digging deeper, and it's because of an idea I got from Hudson Bay's SEC filings- the prompt/idea itself.
VRNG has won- something. Definitely a few tens of millions. Beyond that? Well, everyone loves guessing at that point...
In the meantime, ecstatic investors still pile in to the tune of $260 million in market capitalization. Which could be far more than VRNG ever receives.
MGT, on the other hand, was just an $11 million company when I submitted this article, half of which it has in cash.
Great comment, but my response might disappoint you. After I looked at the company, my conclusion was that Spherix as a business was inconsequential. It didn't excite me, and I definitely wouldn't have invested in the company for what was going on- as there is not very much. To me, Spherix is a shell that Hudson Bay and Iroquois are going to use to take this lawsuit to the heights, just like they did with Vringo.
The share price depreciation is unsurprising. Fundamentals are probably atrocious. There's nothing happening that interests me except for this unnamed IP. I'll be watching very, very closely to see what it is.
How WMS Shareholders Should Hedge Against A Failed Buyout [View article]
Apparently you do not understand my article. That's fine. My entire argument is that if you do want to hold WMS for any reason whatsoever, MGT is attractive. If you think selling WMS is a good idea, my article is not written for you.
How WMS Shareholders Should Hedge Against A Failed Buyout [View article]
Thank you for your comment, but I feel the need to address its over-confidence and false dichotomy, as well as re-aligning the focus of this thread to the indisputable relative attractiveness of MGT as one hedge against one of the risks for WMS.
You assume that "no one" would want to buy WMS at this point aside from arbitrage players. As if any of us could know the temperament and goals of tens of thousands of shareholders. Yes, some shareholders are arbitrage players. And there are thousands of other types of people who own the stock. I have no idea, nor do you or anyone else. Maybe it is a daytrader who is on vacation this week and forgot to sell, or an astrological trader who bought because the stars aligned. None of us know. All we do know is that WMS has a risk of losing to MGT in court, among many other risks. To reduce this particular risk, if you plan on holding WMS, buying MGT is one hedge to consider.
Your either/or suggestion (i.e. that I am recommending selling WMS or pumping MGT) is disrespectful and untrue, as I am doing neither. I am recommending that any WMS shareholder who wishes to hold their stock--for whatever reason--should consider MGT as *one* hedge against one disastrous outcome.
MGT does not hedge against *all* risks of WMS. But it does hedge against one massive risk: a lawsuit. Seeking Alpha is a place to respectfully share ideas for making money and saving the money that we have. MGT is a legitimate, and dare I say very cheap at just $3M in enterprise value, way to protect WMS shareholders' investments. Of course, WMS shareholders should consider other options for hedging their risk, in addition to buying MGT.
How WMS Shareholders Should Hedge Against A Failed Buyout [View article]
Alan, again, there are $1.35B worth of shares being held right now- over 60% more $ than before the takeover. There are definitely a lot of people who want to hold. For these people, ultra-cheap MGT is a great idea to consider. re: Goldman Sachs, my article is accurate and states that the PT was later revised to $26, curiously.
Why MGT Capital Fell From The $5 Range To The $4 Range [View article]
Simply ostentatious. The trolling comes with the territory, I suppose. For current valuations, refer to the chart. Anyway, I have spent hundreds of hours detailing this company's SEC filings in plain language, empowering myself and readers to capture alpha from an incredible rally to date. Pat seems to be the only reader not appreciating this, and I welcome his negative opinion. The higher price climbs, the riskier any investment becomes.
Stop Gambling On Patent Lawsuits [View article]
The Hysteria Of Vringo [View article]
Hudson Bay's Inflection Point Trading System [View article]
Early 2013 planning document (dates empty), planning process evident:
http://1.usa.gov/16v7Pmh
Consummated on March 14
http://1.usa.gov/12pLmmu
March 30 lawsuit announced:
http://onforb.es/12qzKS0
People Love Same-Day Fantasy Sports, So I Love MGT [View article]
Most players are not even aware that there is a daily option. They have always thought of fantasy sports as a season-long event. This mindset will change in the next few months as awareness spreads about fun, fast-paced, same-day betting, and I hope MGT leads the advertising initiative- they have the cash to do so.
Stop Gambling On Patent Lawsuits [View article]
Stop Gambling On Patent Lawsuits [View article]
I Wish I Traded IP Stocks Like Hudson Bay [View article]
Why do people follow Berkshire Hathaway so closely?
We are not trying to replicate exact performance. We are trying to find high-quality ideas. If a fund has great performance in a particular sector - like Hudson Bay in IP - then we look at the fund's SEC filings to see if there are any ideas (just ideas) that warrant our further investigation. I have no interest in replicating the performance of Hudson Bay over all of its investments, even if I had the capital to do so. I make my own decisions. Anyway, I think MARA is an interesting idea, but I have not completed my research fully on that company. I'm digging deeper, and it's because of an idea I got from Hudson Bay's SEC filings- the prompt/idea itself.
The Hysteria Of Vringo [View article]
In the meantime, ecstatic investors still pile in to the tune of $260 million in market capitalization. Which could be far more than VRNG ever receives.
MGT, on the other hand, was just an $11 million company when I submitted this article, half of which it has in cash.
How They Found The Next Vringo [View article]
The share price depreciation is unsurprising. Fundamentals are probably atrocious. There's nothing happening that interests me except for this unnamed IP. I'll be watching very, very closely to see what it is.
Checking Up On Dr. Frost's Latest 13G Fund Filings [View article]
How WMS Shareholders Should Hedge Against A Failed Buyout [View article]
How WMS Shareholders Should Hedge Against A Failed Buyout [View article]
You assume that "no one" would want to buy WMS at this point aside from arbitrage players. As if any of us could know the temperament and goals of tens of thousands of shareholders. Yes, some shareholders are arbitrage players. And there are thousands of other types of people who own the stock. I have no idea, nor do you or anyone else. Maybe it is a daytrader who is on vacation this week and forgot to sell, or an astrological trader who bought because the stars aligned. None of us know. All we do know is that WMS has a risk of losing to MGT in court, among many other risks. To reduce this particular risk, if you plan on holding WMS, buying MGT is one hedge to consider.
Your either/or suggestion (i.e. that I am recommending selling WMS or pumping MGT) is disrespectful and untrue, as I am doing neither. I am recommending that any WMS shareholder who wishes to hold their stock--for whatever reason--should consider MGT as *one* hedge against one disastrous outcome.
MGT does not hedge against *all* risks of WMS. But it does hedge against one massive risk: a lawsuit. Seeking Alpha is a place to respectfully share ideas for making money and saving the money that we have. MGT is a legitimate, and dare I say very cheap at just $3M in enterprise value, way to protect WMS shareholders' investments. Of course, WMS shareholders should consider other options for hedging their risk, in addition to buying MGT.
How WMS Shareholders Should Hedge Against A Failed Buyout [View article]
Why MGT Capital Fell From The $5 Range To The $4 Range [View article]
Why MGT Capital Fell From The $5 Range To The $4 Range [View article]