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Nat Stewart  

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  • Why U.S. Lime & Minerals Should Consider A $20 Per Share Special Dividend [View article]
    It is possible that if price cracks the multi-month low, which we are just above right now, we will get some stop-loss type selling - very common for inappropriate retail order choices to have undue influence on these less liquid names. If that does occur I will definitely see it as a buying opportunity.
    May 11, 2015. 10:04 AM | 1 Like Like |Link to Comment
  • Confusion Causes 12,000% Run Up In Riviera Tools Company [View article]
    This is a true story. In the mid 1990's a elderly relative of mine asked her broker to buy more Sysco.. a stock she had owned for ages and bought more of on occasion with other dividend and interest income and had done extremely well with. However it was the junior broker not her normal broker, and he assumed she meant Cisco. She bought Cisco and only realized she owned it when she realized she had made a killing on a stock she never intended to buy.
    May 9, 2015. 11:34 PM | 4 Likes Like |Link to Comment
  • Female Health Company Transitioning To New Strategy, But Receiving Legacy Business Valuation [View article]
    To expand on the social proof idea:

    Why don't they issue 2 million somewhat out of the money options to a huge star like Rihanna and have her be the official endorser, like what Michael Jordan did for Nike in the 80's.

    The real battle is in perceptions, if they don't address that in a major way i think the entire consumer idea is dead. Youtube videos featuring average people showing how to use the product (yep, I watched a few of them) is not good enough.

    May 6, 2015. 04:39 PM | 2 Likes Like |Link to Comment
  • Female Health Company Transitioning To New Strategy, But Receiving Legacy Business Valuation [View article]
    A number of people have said that the company is not large enough to get this product off the ground successfully in the consumer market. If this is true - what would it be worth to, say, Church and Dwight (CHD)? Combine the gross margin of the product less the bloated overhead, the massive distribution and marketing muscle of a Church and Dwight type company, maybe it would be worth something there.
    May 6, 2015. 04:33 PM | 1 Like Like |Link to Comment
  • DigitalGlobe, Balchem rise after Off Wall Street pulls sell ratings [View news story]
    We must thank "off wall street" for providing a great dip-buying opportunity in BCPC
    May 6, 2015. 12:40 PM | Likes Like |Link to Comment
  • A Massive Tender Offer Has Created A Solid Buying Opportunity In Winmark Corp. Shares [View article]
    My two cents:

    It depends on:

    1. How large your position is relative to daily trading volume
    2. If you want to sell all or part of your position.

    For example.

    -If you have a very large position relative to daily trading volume and would like to sell it in whole or part, the tender offer might make some sense. For example if you have 50K shares, it might knock the price down substantially if you try to sell that in a few days, given it is 10X the average daily trading volume.

    -If you are a small holder of shares like the typical individual investor and want to sell, it makes no sense to tender at this time, as the current share price is 6 dollars above the tender price. You could just sell at the market price and get a better deal.

    -If you are a holder who believes in the longer term potential of the company, there is no reason to sell at the market or as part of the tender offer.

    The above is my opinion and should not be construed as advice.
    May 6, 2015. 12:34 PM | Likes Like |Link to Comment
  • Can AZZ Charge Your Portfolio For The Long Term? [View article]
    Good article, Great company.
    May 5, 2015. 06:48 PM | 1 Like Like |Link to Comment
  • Why U.S. Lime & Minerals Should Consider A $20 Per Share Special Dividend [View article]
    Thanks Batman. I was wondering when we would be hearing from you. I believe that all of your points are valid. I think we are getting down to a nice buy zone now.
    May 5, 2015. 06:39 PM | Likes Like |Link to Comment
  • Balchem Is A Specialty Chemicals Company With A Great Growth Outlook [View article]
    Good article.

    Have they ever explained why Sensory is not hitting the annualized sales numbers that they stated at the time of the acquisition?
    May 5, 2015. 03:10 PM | Likes Like |Link to Comment
  • Female Health Company Transitioning To New Strategy, But Receiving Legacy Business Valuation [View article]
    I am wondering why this product is not seen as a potential solution to the hidden aids epidemic in this country - the one that is hitting the black population very hard, and it is not just aids but the other STDs as well. It seems crazy to be focusing on the other side of the world when we have very serious problems that need to be addressed here at home.

    http://bit.ly/1ciNOoO

    In terms of marketing, what they need is to create social proof. A celebrity endorser lead campaign could do wonders, IMO.
    May 5, 2015. 03:07 PM | 1 Like Like |Link to Comment
  • Why U.S. Lime & Minerals Should Consider A $20 Per Share Special Dividend [View article]
    A more difficult quarter than I expected. Some slowdown related to oil and gas, which was expected, but also some weather related issues with their construction customers. Depending on how the rest of the year goes (they are expecting a comeback from the weather, but as they mentioned last quarter, lower volume to oil/gas related customers) , it will impact my end of year 2015 cash estimate. The counter-intuitively good thing about any continued slowdown that emerges is that it might make a substantial acquisition at a better price more likely. In fact the company is perfectly positioned for such events.
    Apr 30, 2015. 07:49 AM | Likes Like |Link to Comment
  • Why U.S. Lime & Minerals Should Consider A $20 Per Share Special Dividend [View article]
    3 month average daily volume is about 5,900 shares, so today was definitely on the low side. However, you are correct about using limit orders. Like with many small cap stocks, I haven noticed that the spread starts off the day extremely wide, and then narrows as the day goes on. Like with most small caps the best time to acquire a position is when there is an active seller in the stock.
    Apr 29, 2015. 06:33 PM | Likes Like |Link to Comment
  • Cal-Maine spikes higher as shorts get run out [View news story]
    the runner up status in that "What will buffett aquire next" contest might have put the shorts in a vice.
    Apr 29, 2015. 03:48 PM | Likes Like |Link to Comment
  • Why U.S. Lime & Minerals Should Consider A $20 Per Share Special Dividend [View article]
    The EBITDA metric is the one used within the industry to value assets.

    From 2014 10K "Assuming the current level of production and recovery rate is maintained, the Company estimates that these reserves are sufficient to sustain operations for more than 75 years."

    With a reserve life that long, adding excess capacity at this point would be very wasteful unless they can do so extraordinarily cheaply - at little to no cost or (likely) in conjunction with other productive assets.
    Apr 29, 2015. 03:36 PM | Likes Like |Link to Comment
  • Mesabi Royalty Trust - A Long-Life Asset With Massive Operating Leverage [View article]
    In his conference calls, the new CLF CEO has convinced me that this is a very good long term asset. I don't see anything that suggests long term impairment. Honestly from the long term pov, I'd love to have had a serious work stoppage as that might get the price down enough to create massive optionality.

    Regardless, I see it this way. One plants some seeds such as msb where the economics are inherently extremely favorable. Most u can lose is 1X your investment, worst case. Some seeds get killed off do to a changing world, some grow to be giant oak trees. I don't worry about it.

    I did much enjoy buying under 12 and making near 25% in 2 days after the stops recently got blown out for a swing trade.
    Apr 26, 2015. 09:18 PM | 2 Likes Like |Link to Comment
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