Seeking Alpha

John Vincent

 
View as an RSS Feed
View John Vincent's Comments BY TICKER:
Latest  |  Highest rated
  • Why Verizon Could Have 30% Upside In 12-18 Months [View article]
    Hi Thomas,

    Great article - Thank you.

    About REIT, it looks like their stance has changed. In the Goldman Sachs conference last week, the CEO said the following in reply to a question about Winstream's REIT structure: "So financially, it doesn't look like it would have the same impact for us and strategically it's probably not the right thing for us to do here."

    Regards,
    John.
    Sep 17, 2014. 04:28 AM | Likes Like |Link to Comment
  • Merger Arbitrage Mondays - September 15, 2014 [View article]
    Hi Asif,

    Nice to see you back in SA.

    All the best,
    John.
    Sep 15, 2014. 09:48 AM | 1 Like Like |Link to Comment
  • Indirect Routes To Alibaba: Yahoo Vs. Softbank [View article]
    Hi CubRob,

    Thank you for your comment.

    BABA IPO pricing & the prospectus update were probably the key items that sparked the sudden interest.

    All the best,
    John.
    Sep 10, 2014. 08:24 PM | Likes Like |Link to Comment
  • Indirect Routes To Alibaba: Yahoo Vs. Softbank [View article]
    Hi Ant024,

    Thank you for your comment.

    Although as a percentage of Alibaba the position is minute at 0.31%, the stake is very high compared to the market capitalization of CDGXF. Mid-point IPO pricing indicates Alibaba market capitalization of $157B implying a value of around $490M for the 0.31% stake. CDGXF market capitalization is $1.24B and so the stake is very significant at 40%.

    All the best,
    John.
    Sep 9, 2014. 10:15 AM | Likes Like |Link to Comment
  • Indirect Routes To Alibaba: Yahoo Vs. Softbank [View article]
    Hi aretailguy,

    Thank you for pointing this out. CDGXF is another option. WSJ recently had an article on this: http://on.wsj.com/1li0Nul . The numbers do not take into account the tax-impact but there is a sizable gap between sum-of-parts value and market value.

    All the best,
    John.
    Sep 8, 2014. 09:28 PM | 1 Like Like |Link to Comment
  • Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q2 2014 Update [View article]
    Hi Tony Naples,

    Thank you for your comment.

    To perform well when market makes a correction, you need asset classes that are negatively correlated to the market. Based on historical pricing patterns, FRFHF is closer to non-correlation than negative-correlation.

    All the best,
    John.
    Sep 4, 2014. 07:34 AM | Likes Like |Link to Comment
  • Tracking David Tepper's Appaloosa Management Portfolio - Q2 2014 Update [View article]
    Hi BAHAMAS1,

    Thank you for your comment.

    The spreadsheet is a bit confusing in the case of AAPL as the June 9, 2014 stock-split is not clearly represented. The 3/31/2014 share-count is before the 7-for-1 stock-split and the 6/30/2014 share-count is after the split. The after-split share-count of the 250K shares held on 3/31/2014 will be 1.75M shares and so the 6/30/2014 stake is lower at 1.686M shares.

    All the best,
    John.
    Sep 1, 2014. 11:36 PM | Likes Like |Link to Comment
  • Tracking Dan Loeb's Third Point Portfolio - Q2 2014 Update [View article]
    Hi colbyclements,

    Thank you for your kind words and the comment.

    Loeb's cost-basis on ALLY is not publicly available. But, given he invested well before the IPO, it is fair to assume it will be very low compared to the IPO/current market price. Information on pre-IPO investments is not publicly available because there is no regulatory requirement to disclose them. So, only details that the fund manager chooses to make publicly available are known. In ALLY's case, Loeb talked about the investment in Third Point's Q4 2013 Letter to Investors. Their letters are good reading. The recent ones are at http://bit.ly/YWnEkF .

    All the best,
    John.
    Aug 26, 2014. 12:10 PM | 2 Likes Like |Link to Comment
  • Tracking David Tepper's Appaloosa Management Portfolio - Q2 2014 Update [View article]
    Hi Zvi,

    Thank you for the heads up - I agree - given their very different styles, it is rare to see Buffett, Tepper, and Greenblatt have a common pick in the same time-frame.

    All the best,
    John.
    Aug 26, 2014. 06:01 AM | Likes Like |Link to Comment
  • Tracking David Tepper's Appaloosa Management Portfolio - Q2 2014 Update [View article]
    Hi Zvi,

    Thank you for pointing this out - I missed that and will get it corrected ASAP.

    All the best,
    John.
    Aug 25, 2014. 10:19 PM | Likes Like |Link to Comment
  • Tracking Carl Icahn's Portfolio - Q2 2014 Update [View article]
    Hi boxerboy,

    That explains it - Thank you.

    All the best,
    John.
    Aug 25, 2014. 10:16 PM | Likes Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q2 2014 Update [View article]
    Hi bk_h,

    Thank you for your comment.

    The latest traded price range & timing can be very useful. Let me see what can be done for the next round of these updates.

    All the best,
    John.
    Aug 25, 2014. 10:08 PM | Likes Like |Link to Comment
  • Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2014 Update [View article]
    Hi AltaClip,

    Thank you for your comment.

    If you are looking at Baker Brothers to unveil ideas in the bio/healthcare space for further research, you might consider following a few of the best ones instead of just one: Orbimed Advisors, Palo Alto Investors, Perceptive Advisors, RA Capital Management, and Sarissa Capital Management are some options to look at.

    All the best,
    John.
    Aug 24, 2014. 02:23 AM | 1 Like Like |Link to Comment
  • Tracking Carl Icahn's Portfolio - Q2 2014 Update [View article]
    Hi colbyclements,

    Thank you for your comment.

    As you said, the calls strikes are deep in the money. But, it is the logical option to establish synthetic long positions, I don't see the put strikes in the report to confirm that what was sold was way out-the-money. There is no regulatory requirement to report sales details and that is probably why it is not there.

    The committed cash for the buys is $229M and that seems to tally: Given, the straight long position is 2.7M shares, the amount committed for that is around $80M. So, the remaining ~$150M is cash out-lay on the calls - around $12.20 average outlay per call which seems consistent with the figures quoted for "price per share" (last column) in the report.

    All the best,
    John.
    Aug 24, 2014. 02:01 AM | Likes Like |Link to Comment
  • Tracking Carl Icahn's Portfolio - Q2 2014 Update [View article]
    Hi hinovie,

    Thank you for your comment.

    I do updates every quarter and every article has links to the previous article & the first article in the series (see the first para). If you add IEP to the portfolio section of SA main page, you should see the article on the right-side of the pane.

    All the best,
    John.
    Aug 24, 2014. 01:37 AM | Likes Like |Link to Comment
COMMENTS STATS
313 Comments
105 Likes