Nevada Gold's Sweet Deal With AG Trucano [View article]
I will be writing about this soon... For a host of reasons, I don't view it as a bad transaction at all. You may want to subscribe to my blog (http://bit.ly/tEihXy) as some of the articles slip through the cracks and miss seeking alpha.
Syms Bankruptcy: Investors Should Get More [View article]
For some reason my disclosure/disclaimer didn't show up in the article...
Disclosure: Long Syms. This is not advice of any kind. Always do a ton of your own research in regard to anything that I say, do, write, or so much as think about. I may buy or sell shares of this security at any time.
Nevada Gold's Sweet Deal With AG Trucano [View article]
They have been in an appraisal process for sometime, to make sure that there were not any mineral rights that they were missing. This write down is not a shock to me, and frankly, I am glad that they are doing it, as taking the write down now shields them from income taxes in the near term, rather than a few years out. The carrying cost is low, so, it isn't that big of a deal, and shouldn't change anybody's view of the intrinsic value of the company, provided that they had done their research.
These guys are really good operators, but, when it comes to valuing land in Colorado, things get a little more tricky. Regardless, this is such a small chunk of the overall pie; they are likely going to generate significantly over $80 million in revenue in the coming year...
Besides, present management didn't buy this land, they inherited it from previous executives, who almost bankrupted the company. Of the assets that the company had when Sturges came in, this is one of the 3.
Syms' Exploration of Strategic Alternatives [View article]
The tax assessment value of the North Randall Store is about $4 million... Are you sure that the comps are for less than $1 million? While government assessments can be off, I highly doubt that it would be off by THAT much.
Syms' Exploration of Strategic Alternatives [View article]
The stockholders meeting will likely be in early/mid July, at 1 Syms Way, Secaucus, NJ (which you can take public transit to from any airport servicing NYC). However, we won't know when exactly until the final proxy is released.
Undervalued Real Estate Holdings Hide Huge Upside in Syms: Part II [View article]
Let me be clear... what I am saying, is that Syms did NOT burn $40 million in cash, and that the refman is wrong. I am curious as to why he thinks that they did.
As I responded to your other comment on the 2nd part of this post:
"Before I address anything, I am really curious as to how they burned $40mm in cash in the pat 4 quarters. Looking at the cash flow statements (even if you add back in the debt they took on in the past 2 quarters), they have done nothing of the sort."
Nevada Gold's Sweet Deal With AG Trucano [View article]
Syms Bankruptcy: Investors Should Get More [View article]
Disclosure: Long Syms. This is not advice of any kind. Always do a ton of your own research in regard to anything that I say, do, write, or so much as think about. I may buy or sell shares of this security at any time.
Nevada Gold's Sweet Deal With AG Trucano [View article]
These guys are really good operators, but, when it comes to valuing land in Colorado, things get a little more tricky. Regardless, this is such a small chunk of the overall pie; they are likely going to generate significantly over $80 million in revenue in the coming year...
Besides, present management didn't buy this land, they inherited it from previous executives, who almost bankrupted the company. Of the assets that the company had when Sturges came in, this is one of the 3.
Syms' Exploration of Strategic Alternatives [View article]
ragnarisapirate.blogsp...
Syms' Exploration of Strategic Alternatives [View article]
Syms' Exploration of Strategic Alternatives [View article]
Syms' Exploration of Strategic Alternatives [View article]
ragnarisapirate.blogsp...
SuperValu: What's Not to Love? [View article]
SuperValu: What's Not to Love? [View article]
Syms' Exploration of Strategic Alternatives [View article]
Taking LEAPS With Supervalu [View article]
Syms' Exploration of Strategic Alternatives [View article]
Syms: Undervalued Real-Estate Holdings Hide Huge Upside [View article]
www.gurufocus.com/news...
www.gurufocus.com/news...
Undervalued Real Estate Holdings Hide Huge Upside in Syms: Part II [View article]
Syms: Undervalued Real-Estate Holdings Hide Huge Upside [View article]
"Before I address anything, I am really curious as to how they burned $40mm in cash in the pat 4 quarters. Looking at the cash flow statements (even if you add back in the debt they took on in the past 2 quarters), they have done nothing of the sort."