I have extensive experience in analyzing companies and constructing recommendations and portfolios for convertible, high yield and equity products. Since started trading new discretionary accounts, performance has been excellent (up 31% in 2012 and 43.8% YTD 10/’13 v. SPX 16% and 25.3%, respectively). Employ opportunistic, balanced style.
Specialties: Excellent credit and equity analysis skills. Very strong communication skills and client contacts developed on both the buy-side and sell-side.
I am an event-based investor focusing on opportunities with hard or predictable catalysts - particularly companies undergoing demergers or mergers, or otherwise able to manufacture high-probability growth due to some quirk of corporate structure, capital structure, accretive share issuance, growth via acquisition pipeline, competitive advantage/reinvestment, or other high-probability mechanism.
I am always on the look-out - especially in context of the opportunities mentioned above - for supply and demand imbalances: forced or uneconomic sellers, predicable (exploitable) behavioral trends, or unusual securities that can't be held by many industry players. Any ideas or thoughts would be appreciated.
Private Trader or "PT" (a pseudonym) is a contributor to Seeking Alpha who, at this time, values privacy as much as money therefore only Seeking Alpha editors have contact information for PT.
PT's first investment in the market was airline company "People's Express". Although the stock initially went up, ultimately the company was taken over by Frank Lorenzo (ie - Texas Air Corporation and Continental) and it's value plummeted. However, PT's interest in stocks grew. Even math seemed interesting when money was on the table. PT enjoys reading stock newsletters and Seeking Alpha in search of potential bargains.
PT enjoys trading, family, and friends (not always necessarily in that order!).
PT recommends readers review all author's past posts (including PT's) for their win / loss record. Also, especially when PT discusses stocks trading around $1, readers can check http://www.pumpsanddumps.com/ to see whether the stock is subject to any pump or dump scams. PT is not employed, paid, or in any way compensated by any of the stocks PT might discuss on SA except as an investor (and possibly as an SA contributor).
PT reminds everyone that these are not recommendations to buy, hold, or sell, and that your own due diligence is required.
Obsessive learner and reader of books and blogs about pretty much anything interest.
Favorite thinkers are Charlie Munger, Richard Dawkins, Jared Diamond, Steven Pinker, and John Gribbin. Actively seeking more.
Investment-wise I focus primarily on event-based special situations: spinoffs, odd occurrences or securities in M&A, large buyback transactions, behaviorally-based opportunities, deep value securities, forced/uninformed/sloppy sellers, stupidly-designed instruments, and - when available - great companies at reasonable prices. Trying to obtain a competency in bankruptcy/distressed investing, but not there yet.