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Nat Stewart

 
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  • The Long Case For Consolidated-Tomoka: 45-55% Upside [View article]
    This stock definitely has a timeline, but I suggest to anyone who thinks this will be a slow moving, sleepy situation to study the moves the company has made over the past 2 years. Also, study Albright's writings and how he is investing. Look at the team he has built. If this was going to be a "sleepy property stock" situation, there is no way these guys would have joined the company, IMO. These very experienced real estate professionals could be wrong, but I doubt it.
    Nov 24, 2014. 10:53 AM | 1 Like Like |Link to Comment
  • The Long Case For Consolidated-Tomoka: 45-55% Upside [View article]
    Great article!

    So much going on here that is positive. The sam's club story will be interesting to follow, I had not seen that yet. The Minto news is huge. All the development (including city and state investments such as the highway improvements) will work to increase the value of the remaining land.

    I'm stunned by the progress they are making. Consider who they replaced the corporate secretary with:

    "Dan joins us from Goldman Sachs Realty Management, located in Irving, Texas. His background as a real estate transactional and corporate attorney, along with his previous experience representing a large publicly-traded REIT, Crescent Real Estate Equities, make him an excellent fit for us as we position the Company for further growth.”

    This kind of hire IMO makes it clear they have big plans and are moving rapidly forward. I have a great deal of confidence in this team.

    As an alternative ending, I think that this asset would be tremendously valuable to an overseas buyer, such as one funding in Japanese Yen, were they are dead set on depreciating the currency.
    Nov 22, 2014. 10:35 AM | 1 Like Like |Link to Comment
  • Dividend Contenders: 26 Increases Expected In The Next 11 Weeks [View article]
    the 5% stock dividend is economically equivalent to a 5% dividend increase every year so long as it maintains its dividends per share at the same amount.
    Nov 17, 2014. 02:14 PM | 1 Like Like |Link to Comment
  • Buffett's Brilliant Duracell Deal: A Reprise Of Past Deals, A Comment On The Present Market, A Whisper About The Future [View article]
    He wants more cash flow. Duracell, as a directly owned company will be able to return cash to him without double taxation. I am sure he will dividend cash up to Berkshire at a rate much higher than PG's easily after tax dividend.
    Nov 14, 2014. 10:04 PM | 3 Likes Like |Link to Comment
  • Why Consolidated Tomoka Is Taking Off And Headed Much Higher [View article]
    CTO has announced that they have a contract for 1600 acres of land with Minto Communities. It appears that they announced after Minto first announced their purchase with their own press release. I have attached links to both documents. CTO thinks the sale could close as soon as second-half 2015.

    CTO press release: http://bit.ly/1wTcXga

    Minto press release: http://bit.ly/1wTd0bC

    This level of development will hugely impact the value of CTO's surrounding land, in my opinion - it is great news!
    Nov 12, 2014. 10:19 AM | Likes Like |Link to Comment
  • Why Consolidated Tomoka Is Taking Off And Headed Much Higher [View article]
    Brief updates on my 2014 small cap articles, including CTO, can be found here. I'm also considering doing an updated CTO article for Seeking Alpha as well:

    http://bit.ly/1s4gjqd
    Nov 5, 2014. 09:09 AM | Likes Like |Link to Comment
  • Mesa Labs: Investor Capitulation Has Created A Buying Opportunity [View article]
    Brief updates on my 2014 small-cap articles, including MLAB, can be found here:

    http://bit.ly/1s4gjqd
    Nov 5, 2014. 09:08 AM | Likes Like |Link to Comment
  • SWK Holdings: A Micro Cap With A Solid Plan To Compound Shareholder Equity [View article]
    Updates on my 2014 small cap articles, including SWKH, can be found here:

    http://bit.ly/1s4gjqd
    Nov 5, 2014. 09:06 AM | Likes Like |Link to Comment
  • Why I Am Bullish On National Beverage [View article]
    updates on my 2014 small cap articles, including fizz, can be found here:

    http://bit.ly/1s4gjqd
    Nov 5, 2014. 09:06 AM | Likes Like |Link to Comment
  • Mesa Labs: Investor Capitulation Has Created A Buying Opportunity [View article]
    NOV 3 MLAB Earnings:


    ●Revenues for the second quarter increased 46 percent to $18,540,000 as compared to the same quarter last year

    ●Revenues for the six months ended September 30, 2014 increased 46 percent to $34,940,000 as compared to the same period last year

    ●Net income for the second quarter increased 58 percent to $3,060,000 as compared to the same quarter last year

    ●Non-GAAP adjusted net income for the second quarter increased 62 percent to $3,785,0001as compared to the same quarter last year

    Great results! Price up over 35% from the time this article was published just 1 month ago.
    Nov 3, 2014. 12:05 PM | Likes Like |Link to Comment
  • Why Consolidated Tomoka Is Taking Off And Headed Much Higher [View article]
    Two interesting developments:

    CTO has replaced its retiring corporate secretary with a Goldman Sacks alum with experience representing large REITs. from the press release:

    “We welcome the addition of Dan Smith to the corporate team. Dan joins us from Goldman Sachs Realty Management, located in Irving, Texas. His background as a real estate transactional and corporate attorney along with his previous experience representing a large publicly traded REIT, Crescent Real Estate Equities, make him an excellent fit for us as we position the Company for further
    growth.”

    That is the story folks. Albright is very serious about getting the job done. There is no other reason to hire a REIT expert with this type of experience.

    Value will be created and unlocked. The pullback was a gift.

    2. Noticed insider buy on oct 24th at $50 per share.




    Oct 28, 2014. 03:15 PM | Likes Like |Link to Comment
  • IBM: What A 'Sit On Your Hands' Investment Looks Like [View article]
    March 3, 2001: Kodak suspends 2B stock buyback plan...

    http://lat.ms/1oDUrqF

    Free cash flow is never "free" in a competitive marketplace
    Oct 24, 2014. 09:57 PM | 1 Like Like |Link to Comment
  • Trading VIX Futures And The VXX: Forward Curve, Momentum, And Inter-Market Effects [View article]
    The very good blog Volatilty Made Simple has tracked the simple momentum strategy that I describe in this article, as well as a bunch of other VIX related strategies. He calls it the "NAS VIX futures momentum". So far it has done well.

    http://goo.gl/4U5fGP

    Though the momentum system is a useful tool, in my personal trading I always use a stop when short volatility to avoid disaster risk. I also prefer to enter on short term strength within the context of the Contango and momentum effects. (taking advantage of short term mean reversion).
    Oct 24, 2014. 09:13 PM | Likes Like |Link to Comment
  • Sears Layoffs Top 6,000, Closing Over 110 Outlets [View article]
    Perhaps there is a real estate story, but when u look at the most recent investor presentation it is all about fixing retail with "sears your way" or whatever. The company has zero relevance to anyone under 55. No one under that age needs or wants Sears. Based on my personal experience the appliances and service have gone severely downhill as well.

    That said the stock was up 4% today. Shutting stores is good news, apparently.
    Oct 23, 2014. 05:01 PM | 1 Like Like |Link to Comment
  • Mesabi Royalty Trust - A Long-Life Asset With Massive Operating Leverage [View article]
    No. Thanks for reading.
    Oct 23, 2014. 03:21 PM | 1 Like Like |Link to Comment
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