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Nat Stewart  

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  • Consolidated-Tomoka - Major Catalysts Plus REIT Conversion Plan Will Unlock Value [View article]
    A big part of my hypothesis is that the CEO is a good manager who is going to do things that make sense. Given this, if he wants to raise $75M to work with under terms that are more flexible, that is a good thing. If the market it too illogical in terms of pricing this security, IMO it will become a target for a larger REIT acquirer or similar. Just added to my position and will again over coming days if the decline continues.
    Mar 5, 2015. 01:14 PM | Likes Like |Link to Comment
  • Consolidated-Tomoka - Major Catalysts Plus REIT Conversion Plan Will Unlock Value [View article]
    Unless I am missing something, I think it is a good thing.

    The CEO owns a bunch of stock and has significant stock-based compensation relative to his income. I don't see any incentive for him to do something that would be dilute to shareholders. The entire management team has incentives very aligned with shareholders. A dip in price might give them a nice opportunity to bring some stock in.
    Mar 5, 2015. 01:09 PM | Likes Like |Link to Comment
  • The Special Situation At National Beverage: Delayed Is Not Denied [View article]
    I don't have much to add at this point on the main themes. I do wonder if LaCroix could benefit from a clearly distinguished "Boosted" variant that offered caffeine and a touch (just a touch!) of organic sweeter. Organic is a big deal now, and caffeine is always popular.
    Mar 4, 2015. 04:08 PM | Likes Like |Link to Comment
  • U.S. Lime & Minerals: Long Reserve Life, High Barriers To Entry And Substantial Free Cash Flow [View article]
    Looks like a nice dip to a reasonable buy level. 10K should be out soon. IMO if the company does not have any leads on new acquisitions, they should return excess cash and re-leverage with a moderate dividend recap while locking in low rates.
    Mar 2, 2015. 01:10 PM | Likes Like |Link to Comment
  • Winmark reports Q4 results [View news story]
    Great quarter! Looking forward to reading the annual report.
    Feb 25, 2015. 02:14 PM | Likes Like |Link to Comment
  • The SEC Literally Defines Herbalife As A Pyramid Scheme [View article]
    Are any distributors on here willing to sell me a shake canister? I have been noticing that my abs are not as ripped as they were 10 years ago. Also, why don't they come out with organic shakes? It seems like an obvious idea.
    Feb 23, 2015. 08:50 PM | 4 Likes Like |Link to Comment
  • Forex Trading Is Far More Hazardous To Your Wealth Than Commonly Believed [View article]
    Having defended people's right to do with their money what they want, I will say a few things that should be looked into - and definitely by potential forex traders.

    First, the fact that so many of the brokers are bucket shops and take the other side of their customers trades. The problem is if a trader is actually good, they start messing with the spread and the fills - in other words attempting to keep the customer from winning as if the customer wins, they lose. They mess with the spread (widening it) so they can trigger pockets of customer stop orders, generating more profits and trades for themselves (and losses for the customer). If they don't really let the good traders win do to skill, it is a scam if they don't reveal what they are doing (the way a casino does) up front.

    The second thing to look out for are the trading simulators that they let people "get their feet wet" with. The problem is that these things are often designed to be easy to beat, giving people false confidence. The way they can do this is by providing highly unrealistic fills (which most would-be customers can't recognize). I used one of these simulators years ago, and it literally had a "glitch" where if u understood what the glitch was, you could make unlimited "paper money" simulated profits. A less informed customer would not see the source of their gain as resulting from this "glitch" and would open a real account based on a false sense of their own potential profits.

    The reality is the average customer loses their account in a few months. What they don't see is that their loss is not really to other traders or the market, it is actually almost equal to the broker's revenue - in other words the spread they pay over and over eventually eats all their account equity - traders underestimate the impact of transaction costs on leveraged instruments.

    There are some unsavory aspects to the industry, however my thought is that regulation should be focused on ensuring they are financially sound operations and also that marketing is not highly misleading in the ways (such as) i provided above.
    Feb 23, 2015. 08:32 AM | 2 Likes Like |Link to Comment
  • National Beverage Corporation: A Growth Opportunity? [View article]
    Solid article!

    When other energy drinks talk about extreme, they are referring to things like a 25 year old guy doing wheelies on a BMX bike.

    With Rip It, on the other hand, "extreme" equals years of battlefield testing by our active-duty armed service members.

    I will take validation from the later any day - thank you! IMO the Rip IT brand is highly undervalued and has massive potential.
    Feb 20, 2015. 03:13 PM | Likes Like |Link to Comment
  • Forex Trading Is Far More Hazardous To Your Wealth Than Commonly Believed [View article]
    The data I read is that the average forex customer loses $2500 and then quits. Will see if i can find that source.
    Feb 20, 2015. 02:54 PM | Likes Like |Link to Comment
  • Forex Trading Is Far More Hazardous To Your Wealth Than Commonly Believed [View article]
    Oh please. Most people are putting up just a few hundred to a few thousand dollars in hopes of making a "punt" or quick score.

    In other words it is high risk speculation with a bit of side cash, not "investing". Count me as among those who don't believe that we need more busybodies telling us what we can and cannot do with our own money.

    Regulators should focus on making sure that the firms meet capital requirements and segregate client funds, not playing mommy for adults.
    Feb 20, 2015. 10:59 AM | 2 Likes Like |Link to Comment
  • Fonar reports FQ2 profit [View news story]
    I see now they bought the 10% interest for around 5m, which is about a 20% premium to what the non-controlling interest paid in 2013.
    Feb 12, 2015. 10:57 PM | Likes Like |Link to Comment
  • Fonar reports FQ2 profit [View news story]
    Just noticed that today as well. Hopefully they bought the interest at book value, I might try to call their IR tomorrow for clarification.
    Feb 12, 2015. 09:37 PM | Likes Like |Link to Comment
  • Fonar reports FQ2 profit [View news story]
    If the company fixed its corporate governance issues it would easily trade in the mid-20's.

    The long history of insider dealing that is very hard to get a handle on (I recently went through the entire history of SEC reporting), 2% common ownership of the CEO yet total voting control, among other things has cast a dark shadow over the stock - which unfortunately has a long history of burning shareholders who have had faith in the story.
    Feb 11, 2015. 10:46 AM | 1 Like Like |Link to Comment
  • Fonar reports FQ2 profit [View news story]
    Where do you get the $1.5M per scanner figure?
    Feb 11, 2015. 10:40 AM | Likes Like |Link to Comment
  • Why Consolidated Tomoka Is Taking Off And Headed Much Higher [View article]
    Awesome news! After a great 2014 CTO has set earnings guidance almost 200% higher for 2015. They have also mentioned a target date for a REIT conversion of jan 2017! IMO we now have a 100+ Value stock trading at less than 60 per share. Albright and his team are dead serious about creating value - I think we are in very strong position here for future gains.
    Feb 11, 2015. 12:00 AM | Likes Like |Link to Comment