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Nat Stewart  

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  • Nathan's Famous Shareholders Are About To Get Barbecued [View article]
    Very interesting. The 1.185M will be a non cash charge. Will look into what they did here more closely - seems unusual.
    Jun 18, 2015. 07:34 PM | 1 Like Like |Link to Comment
  • Nathan's Famous Shareholders Are About To Get Barbecued [View article]
    There should not be any compounding interest. They must have had some costs related to the issuance that are one time, the annualized pre-tax should be 13.5M.
    Jun 18, 2015. 06:39 PM | Likes Like |Link to Comment
  • Nathan's Famous Shareholders Are About To Get Barbecued [View article]
    $135m principal, interest 10%, what am I missing to get to your $14.8m figure
    Jun 18, 2015. 05:17 PM | Likes Like |Link to Comment
  • Why Fastenal's Lack Of Excess Is Troubling [View article]
    "Free cash flow can be measured as cash from operations minus the capital expenditures required to maintain those operations."

    Yes, this is a true statement.

    Yet you continue with the rest of the article and completely fail to distinguish between maintenance capex and growth capex.

    Why on earth would they want to buy back shares trading way over book value, when they have reinvestment opportunities within their business at 1X book value? Which choice will build more shareholder wealth over time? The answer is obvious. FAST is a much better business than you give it credit for.
    Jun 18, 2015. 12:15 PM | 4 Likes Like |Link to Comment
  • Liberty Tax Service beats by $0.13, misses on revenue [View news story]
    They announced a bit earlier than i expected, quite annoying.
    Jun 18, 2015. 10:19 AM | Likes Like |Link to Comment
  • Female Health Company Transitioning To New Strategy, But Receiving Legacy Business Valuation [View article]
    At this moment (and perhaps I will be proven wrong) I think we have a situation where a company badly needs dynamic, entrepreneurial leadership, but instead we have business as usual leadership. Add in the complete lack of quality investor communication, and it is unsettling. An activist is needed, IMO, and it can't come soon enough.
    Jun 17, 2015. 04:49 PM | 2 Likes Like |Link to Comment
  • Reis Inc.: Wide-Moat Business At An Attractive Valuation [View article]
    Good point. It reminds me of NRCIA/B in that sense.
    Jun 17, 2015. 09:53 AM | Likes Like |Link to Comment
  • Senomyx: Ready For Lift-Off [View article]
    "the growing squeamishness of consumers about genetic engineering and artificial flavors in food ingredients."

    I think that is a serious problem. This stock has quite a bit of negative stigma attached to its product(s), I don't think Pepsi and the others are eager to jump into a controversial area and get painted with that brush. My guess is that that have been afraid to introduce the product or don't know how to put the right PR spin on it.
    Jun 17, 2015. 07:42 AM | 3 Likes Like |Link to Comment
  • A Stock Trading For 20% Of NCAV [View instapost]
    Ive found that with low priced stocks, if one buys low in the trading range, more often than not u can get out with a profit even if the basic idea turns out to not have merit. At some point the story catches wind, which provides an exit.
    Jun 16, 2015. 10:30 PM | Likes Like |Link to Comment
  • Nathan's Famous: It's Officially Time To Get Out And Fast [View article]
    "Fund manager... found the yield on the single-B-minus-rated notes tasty."

    He was a fortunate buyer of the bonds, of course he feels that way. I would have loaded up on them in my tax deferred account if given the opportunity, but us "commoners" where not given the opportunity.
    Jun 16, 2015. 12:40 PM | 2 Likes Like |Link to Comment
  • Nathan's Famous: It's Officially Time To Get Out And Fast [View article]
    The debt payments are definitely going to bodyslam reported EPS. Just consider all of the investors who only look at simple quantitative screens such as "EPS growth" its going to destroy that story for some time.
    Jun 15, 2015. 10:23 AM | 1 Like Like |Link to Comment
  • Alliance Resource Partners: Answering Questions About Its Debt And Distribution [View article]
    Exactly. The purpose to my q was in part to consider under what conditions a combination would be advantageous to both ARLP and AHGP, while ensuring AHGP gets full value for its IDRs. And then of course consider which security might have the most optionality to that event.
    Jun 15, 2015. 09:40 AM | Likes Like |Link to Comment
  • Alliance Resource Partners: Answering Questions About Its Debt And Distribution [View article]
    Thanks for taking the time to reply. Lots of good info and food for thought. I have followed the stock for years and also think that Craft is one of the best out there.
    Jun 14, 2015. 10:44 PM | Likes Like |Link to Comment
  • Nathan's Famous: It's Officially Time To Get Out And Fast [View article]
    Do you have any references for the notion that the company might offer healthy or vegan products? Would be interested in reading.
    Jun 14, 2015. 01:31 PM | Likes Like |Link to Comment
  • Alliance Resource Partners: Answering Questions About Its Debt And Distribution [View article]
    Looking for insight from any of the very informed AHGP/ARLP followers.

    First Q. I had though that a potential combination of the two securities would see ARLP buying out AHGP to retire the IDR's. Is this correct or am I wrong? Would it actually be AHGP buy the ARLP units?

    Second Q. Lets say coal prices do stay flat or go down in a negative scenario. Wouldn't we see the positive leverage benefits of AHGP's IDR's going in reverse? I am not at all predicting this, just wondering other opinions on lesser probability negative case scenarios relative to IDR impact.
    Jun 14, 2015. 11:59 AM | Likes Like |Link to Comment
COMMENTS STATS
633 Comments
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