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  • GSV Capital Remains Undervalued With Shares At 50% Of NAV And Upcoming Catalysts [View article]
    Yeah, I'm beginning to think these BDC/RIC companies are just a bad business model, at least for shareholders, since fees suck off the profits of good investments and subsidize the bad ones.

    Getting charged 2 and 20 doesn't make sense unless you're getting some serious outperformance, and the 3 Stooges running these kinds of companies, Keating (KIPO), Landis (NASDAQ:SVVC), and Moe (NASDAQ:GSVC) are certainly not providing it.
    Aug 13 11:29 AM | Likes Like |Link to Comment
  • GSV Capital Remains Undervalued With Shares At 50% Of NAV And Upcoming Catalysts [View article]
    That was my thought as well when I saw the headline, there's no way GSVC can be trading at half of NAV. I guess he meant it would go up 50% if it were to get back to NAV, but that's unlikely given how bad performance has been.

    Starting with the horrible convertible bond offering that caused me to bail out at $14 (although I stupidly got suckered back in at $10), to the refusal to do a buyback other than the token one probably just to fend off the possibility of an activist investor coming in and pointing out all their failings like Bulldog is doing with SVVC.

    Not to mention they panic-sold half their Facebook stake at breakeven like an amateur trader and the rest before the last big run up, so I think even the 30% discount to NAV is well warranted unless they turn around their performance or start being more shareholder friendly.
    Aug 13 11:18 AM | Likes Like |Link to Comment
  • Overstock.com: A High Conviction Idea With 150% Upside [View article]
    Actually, AMZN's TTM free cash flow is down to $1B and plunging, so it's trading at 150x FCF, and while you can usually make anything look cheap compared to AMZN, OSTK actually has negative FCF.
    Aug 11 08:32 PM | Likes Like |Link to Comment
  • The Tesla Bull Case Just Got Even More Optimistic [View article]
    What, no flying cars or SpaceX rocket ships taken into account in that "Potential Tesla Vehicle Deliveries" chart?
    Aug 11 08:24 PM | 3 Likes Like |Link to Comment
  • Overstock.com: A High Conviction Idea With 150% Upside [View article]
    Good analysis, but given the choice of OSTK at 34x this year's earnings or EBAY (which also has an underrated Enterprise business, not to mention PayPal) at 18x, I think I would lean towards the latter.
    Aug 11 08:13 PM | Likes Like |Link to Comment
  • Tesla Rockets, QTR Takes A Victory Lap For Longs [View article]
    You wouldn't be the first one, the analysts seem to have had a hard on for Tesla for quite some time. Put some ice on it and if the swelling doesn't go down in 24 hours, then it's not just a short squeeze and you should see a doctor.
    Aug 11 07:07 PM | 3 Likes Like |Link to Comment
  • Boeing Dreamliner engine fails over the Atlantic [View news story]
    Spelling is impotent.
    Aug 11 06:59 PM | 7 Likes Like |Link to Comment
  • Kandi Technologies' 10-Q Reveals Phantom Sales Growth And Other Serious Concerns [View article]
    Speaking of short, you're a few R's short of a coherent sentence, expect a margin call from the grammar police shortly.
    Aug 11 06:57 PM | 3 Likes Like |Link to Comment
  • Update: Thompson Creek Metals' Earnings [View article]
    Geez, we're being overrun by all the old characters from the Yahoo finance message board, looking forward to a spirited debate!
    Aug 11 06:49 PM | Likes Like |Link to Comment
  • Update: Roundy's Earnings Disappoint [View article]
    Maybe, but it's not like they have the cash to do so anytime soon, unless they start converting existing stores on a shoestring budget, which might cheapen the brand.


    If they ever scrape together enough cash to expand beyond Chicago, I'd rather see them try a more cosmopolitan city like Minneapolis (although with the Rainbow sale that ship has sailed), Indianapolis, or St. Louis. Nothing against Milwaukee, but their residents are not exactly known for their health concious eating habits.
    Aug 11 06:43 PM | 2 Likes Like |Link to Comment
  • Boeing Dreamliner engine fails over the Atlantic [View news story]
    Ha, I noticed that "fall" typo in the link on the SA home page as well, was picturing that scene from Donnie Darko where the jet engine just falls out of the sky.
    Aug 11 06:37 PM | 2 Likes Like |Link to Comment
  • Apple: A Reversal Of Fortune Seems Inevitable [View article]
    MB can remain irrational longer than the market can stay solvent.
    Aug 11 05:20 PM | 2 Likes Like |Link to Comment
  • Coupons.com - Crazy Growth Assumptions Necessary To Justify Valuation - At Least 55% Downside With Clear Catalyst [View article]
    Careful, COUP already down way more than SALE so might have missed the best opportunity. However, might be some return left in it solely due to momentum and the fact that relative valuation is still skewed much lower for SALE since apparently people can't tell the difference between GAAP and non-GAAP earnings.
    Aug 11 05:07 PM | Likes Like |Link to Comment
  • Tesla Rockets, QTR Takes A Victory Lap For Longs [View article]
    "The X model by itself alone is probably worth BILLIONS"

    Okay, pat1000, then where is the other $30B needed to justify Tesla's market cap going to come from?
    Aug 11 04:59 PM | Likes Like |Link to Comment
  • The Stock Market Is Starting To Price In The Next Housing Downturn [View article]
    Good for you, I bet you also buy a new car every time the dealer offers incentives too. Instead of waiting around for a possible price break on these new construction buildings that you somehow think will rent for less than existing ones, here's my gift to you:

    http://bit.ly/1mDwtFf

    Buy this duplex for $220,000 and rent one side out. Boom, you just covered your mortgage payment and expenses and are now living for free. Please explain to me how this is worse than apartment hopping, especially if you're expecting inflation in the future?
    Aug 11 04:22 PM | 1 Like Like |Link to Comment
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