Seeking Alpha

Marwaan Karame

 
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  • Apple's Leveraged Management Buyout Potential
    Editors' Pick • Mon, Jun. 2 AAPL 48 Comments

    Summary

    • Untapped value can be "manufactured" by Apple at will by simply taking on more debt and with little risk of impacting the company's ability to innovate.
    • We estimate that under an "optimal capital structure" the expected value per share is $847.
    • With significant cash reserves and massive debt capacity, it's a wonder that Tim Cook has not pursued a leveraged management buyout already.
  • Long - Premier, Inc.: Newly Traded Company Offers Significant Upside
    Thu, Apr. 3 PINC 5 Comments

    Summary

    • A long position provides approximately a 99% chance of 20% return or higher.
    • PINC is the strongest performer in generating economic value, relative to peer set.
    • Investors have a rare opportunity to get in early before the market prices in the company’s strong economic position.
  • Bio-Reference Laboratories: High Probability Of Making A 20% Return Or Higher
    Wed, Mar. 19 BRLI Comment!

    Summary

    • 96.8% probability of making a 20% return or higher on a Long position.
    • Company generates excess returns for shareholders with robust Economic Value performance and solid competitive position.
    • Short Squeeze candidate with a short interest of 27% of shares outstanding and significant capacity to increase leverage, buyback shares and/or payout dividends.
  • Short - Healthways Inc.: 93.3% Probability Of Making A 20% Return Or Higher
    Tue, Mar. 18 HWAY 2 Comments

    Summary

    • 93.3% probability of a short making a 20% return or higher.
    • Cost of Services Sold as a percentage of Revenue has significantly driven down NOPAT Margin, which has negatively impacted the Return on Capital.
    • Declining interest coverage ratio has increased the risk of default, which in turn has increased the Weighted Average Cost of Capital.
    • Economic Value performance ranks lowest relative to peer set.
  • Short ExamWorks Group, Inc.: 90.4% Probability Of Making A 20% Return Or Higher
    Fri, Mar. 14 EXAM Comment!

    Summary

    • 90.4% probability of making a 20% return or higher on a short position.
    • Economic Value continues to take a turn for the worse.
    • Increased Days Sales Outstanding has negatively impacted the days to convert sales into cash and therefore cash on hand.
    • Exhaustive 131.4% run up in stock price in the last twelve months is not commensurate with company's ability to create value, making the stock a strong candidate for a correction.
  • Short Squeeze Draws Closer For Questcor
    Jul. 19, 2012 MNK 21 Comments
  • Go Long Zagg: 94% Probability Of A Short Squeeze
    May. 11, 2012 ZAGG 21 Comments
  • Why Apple Still Has 84% Probability Of 20% Return In The Next 12 Months
    Apr. 3, 2012 AAPL 32 Comments
  • AutoZone: Skewed Probability Towards The Upside
    Feb. 17, 2012 AZO 12 Comments