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Logical Thought
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My name is Mark B. Spiegel and I'm the Managing Member of Stanphyl Capital Management LLC. I can be reached at: mark (at) stanphylcap (dot) com. My Twitter feed is @markbspiegel
My company:
Stanphyl Capital Management LLC
My blog:
I don't have a blog, but here's a link to a WSJ article regarding my thoughts on the "flash crash"
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  • ..And In A Desperate Effort To Stop Bernanke...

    www.gizmag.com/new-100-dollar-bill/29303/

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Oct 07 8:21 AM | Link | Comment!
  • This Is The Best Thing I've Read All Year...

    Please invest 15 minutes and read it: www.zerohedge.com/news/2013-10-05/david-...-america

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Oct 05 7:35 PM | Link | 2 Comments
  • Titan Logix (Ticker TLA In Canada, TPCFF In The U.S.)

    I recently accumulated a decent-sized position (at a basis of CAD 0.76/share for my fund and CAD 0.81/share for my PA) in a small Canadian technology company called Titan Logix. Titan Logix makes radar-based fluid level measurement devices (replacing old-fashioned mechanical systems) for tanker trucks, primarily in the energy and aircraft industry but soon to expand into other fluids, including edibles. The company has approximately $4 million in annualized run-rate EBITDA (net of capex) and around .12/share in annualized run-rate earnings with around $7 million of net cash. Thus with around 26 million fully diluted shares outstanding, at tonight's close of CAD 0.88/share it's selling for around $16 million net of the cash which is only around 4x EBITDA, 5x earnings and 1x revenue for a fast-growing company (albeit, one with some short-term oil & gas cyclicality) with gross margins in the range of 50%. A modest 12x multiple on those earnings plus the cash would make this a $1.70 stock while a "growth multiple" would put it well over $2.

    Disclosure: I am long OTC:TPCFF.

    Additional disclosure: The Canadian ticker for Titan Logix is TLA and I'm long both the Canadian and the U.S. listings

    Mar 15 9:44 PM | Link | 2 Comments
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