Seeking Alpha
  • Ocean Man
    Bought $HRG at $7.53. Was trading over $10.50, book value over $10, then a secondary on Thursday took it down 25%+ to $7.50.
    12/17/12
    Reply (7)
    • Ocean Man: Phil Falcone's holding company. Secondary was not dilutive, just a large shareholder taking profits after a double since May.
      12/17/12
    • Ocean Man: Could just be some tax-selling before year-end. Worth a speculative flyer. A return to $10 would be a gain of more than 20%.
      12/17/12
    • neobliviscar: Feb $7.50 calls stepped down to 0.70 for 25 lot. Cheap if anyone believes this goes back to $10. I'm still trying to read through it & make
      12/17/12
    • neobliviscar: sense of it. Thanks for pointing this one out. Falcone story is a brutal one.
      12/17/12
    • Jackie55: Can you name one listed company Falcones owned which hasn't proved toxic? Worldwide? HRG is a ponzi.
      12/18/12
    • neobliviscar: Jackie55- read your profile & blog. Donald? Gen don't like Tin Foil & Muddy Waters funds as they often throw mud on those wearing white at
      12/18/12
    • neobliviscar: the funerals of frauds. Must say complicated struct, ?value & nature of L.T. Invstmnts (hate that part'o GAAP), etc make me cautious on HRG.
      12/18/12