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Harry Long
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Harry Long is the inventor of Structural Arbitrage and Hedged Convexity Capture and is the Managing Partner of ZOMMA, the world's most innovative strategy index creator. Mr. Long is a globally recognized expert on the research and development of quantitative investment strategies. The ZOMMA IP... More
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  • VTG Looks Like A Pre-Packaged LBO

    Vantage Drilling (NYSEMKT:VTG) is a fascinating situation. It's market cap is almost like a very cheap call option on billions in new drillships and drilling rigs.

    If someone did want to make a bullish bet on oil, it's almost like a leveraged way to make such a wager and express a bullish view.

    I want to see ORIG, ATW, or SDLP take them over. They have the needed staying power to make a go of it.

    Tags: VTG
    Feb 06 9:56 AM | Link | 2 Comments
  • 19%-20% Yield Anyone?

    AWLCF

    http://www.awilcodrilling.com/1677-Financial-Reports

    http://www.awilcodrilling.com/investor-relations

    http://otcadventures.com/?p=708

    Disclosure: I am long OTCPK:AWLCF.

    Oct 22 4:22 PM | Link | 2 Comments
  • The Best Banks in America

    Being a banker or a bank investor in America in the last half decade has been a hellish experience for many. However, the banks I have compiled below have not only remained profitable throughout the past few years, but in many cases, have also grown tremendously.

    Analyzing banks is notoriously frustrating. As an exercise, I try to keep an up to date list of the best performing banks in the United States, ranked by earnings stability and growth, but even the most meticulous methods are often frustrated by the fact that the earning results of banks are notoriously volatile, especially in the current competitive environment.

    Banks which I used to rank as top notch have sometimes had earnings decreases in subsequent quarters. Although many of the banks I list below will continue to prosper, undoubtedly, some will stumble, even though they may possess top-notch historical performance. Such is the life of the banking analyst! I have often found that, when investing in banks, more money is made and kept by reacting to results as they unfold (and often beating a hasty retreat when numbers are untoward), rather than in trying to anticipate earnings.

    With that being said, I think compiling a list of banks with stable results and healthy growth is an excellent exercise, so long as the real emphasis is in pruning the list going forward.

    The Best Banks in America

    TYBT.ob
    PRSP
    FFIN
    PFIS.ob
    HIFS
    CNBKA (trading below book)
    CAC
    THFF
    NWFL
    PKBK (trading below book)


    Honorable Mention (Usually stable earnings results with lower historical growth than the "Best Banks" group. However, I monitor these names for a pickup in earnings growth.)

    ALNC
    CFNB
    GABC
    FFBC
    BMRC
    NKSH



    Disclosure: I am long OTCPK:TYBT, PRSP, FFIN, THFF, NWFL.
    Jun 03 9:54 PM | Link | 2 Comments
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  • #HCI looks very expensive at a P/B ratio of 2.6. Is that a reasonable valuation when Berkshire Hathaway #BRK.A sells for a P/B ratio of 1.5?
    Mar 18, 2015
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  • $DXM very interesting move in Dex Media. Tempting valuation. At this moment, I am long $DXM
    Feb 9, 2015
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