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Owen Bernard  

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  • Iron Mountain REIT Conversion Returns Value [View article]
    @jmpj4847: Thanks for the complement My hope is always to produce valuable rewarding content. I will continue to do so going forward.

    Good investing!
    Mar 29, 2013. 11:33 PM | 1 Like Like |Link to Comment
  • Warren Buffett Violates His 'Ham Sandwich' Principle With Goldman Deal [View article]
    "I try and buy wonderful businesses that an idiot can run, because someday one probably will."
    He has also described this principle as wanting to own businesses that can be run by "a ham sandwich."
    With that in mind I have to say that the fact that Berkshire is going to hold Goldman Sachs for the long term is a clear violation of this principle.
    Because if there is one company (or type of company) in the world where you do not want an idiot in charge it is a leveraged black box like Goldman Sachs.

    ----------------------...
    Their leverage will come down in the future. Some of their funding is at almost no cost to them. This low cost leverage will continue to grow and represent a good portion of liabilities. The next few years will see substantial growth in earnings. With anticipation of term borrowings coming down. It allows that ham sandwich to run $GS with little risk.

    I would hitch a ride!
    Mar 29, 2013. 09:32 PM | 1 Like Like |Link to Comment
  • Rovi Corporation: A Case Study In The Value Of Intellectual Property [View article]
    great article!! $ROVI caught my interest with the purchase of Sonic Solution a few years ago. With Sonic Solutions, I liked their ownership of DivX Inc.
    Mar 12, 2013. 08:35 PM | Likes Like |Link to Comment
  • Growing Global Capital Chasing Returns Will Chase The Stock Markets Of The World Upward [View article]
    More deals announced over three day weekend

    http://yhoo.it/XmGR7t
    Feb 19, 2013. 11:13 AM | Likes Like |Link to Comment
  • Worth Repeating: Why Buy-And-Hold In Daily Leveraged ETFs Should Be Avoided [View article]
    @streakmarine you may execute portfolio strategies similar to A.W. Jones or Ed Thorp. Jones' motto: "Speculative means for conservative ends," states it best at how to approach these. Hedging these positions especially if your are uncertain of the direction is ideal.
    Feb 15, 2013. 08:13 PM | 1 Like Like |Link to Comment
  • Growing Global Capital Chasing Returns Will Chase The Stock Markets Of The World Upward [View article]
    Global markets beginning to slip a bit.

    http://reut.rs/WqX6Cj

    Buffett @ Berkshire & 3G Capital acquiring Heinz

    http://yhoo.it/WL8I4X
    Feb 14, 2013. 12:39 PM | Likes Like |Link to Comment
  • 5 Stocks That Could Give You A 10% Yield On Their Next Dip [View article]
    clarification on my last comment: 2nd largest expense was non-cash DD&A - $109m
    Feb 12, 2013. 06:31 PM | Likes Like |Link to Comment
  • 5 Stocks That Could Give You A 10% Yield On Their Next Dip [View article]
    largely attributable to losses on derivative for last quarter. sales in oil & gas have shown improvement. Add back the loss for last quarter, there will show an op. profit based on last quarter. I am quite confident in management over the next few years to manage operations fairly well.

    Now the loss shown on Inc. statement was largely from DD&A. Cash from ops. - $166m and capex - $77m
    Feb 12, 2013. 12:21 AM | Likes Like |Link to Comment
  • 4 Gaming Stocks Gaining Strong Upside Momentum [View article]
    @Nick, there is no clear identifiable catalyst in the near future. The company is attempting to dispose of marketable securities and a JV. No clear time table on when that will be executed.
    Feb 11, 2013. 10:24 PM | 1 Like Like |Link to Comment
  • Growing Global Capital Chasing Returns Will Chase The Stock Markets Of The World Upward [View article]
    Only to an extent. Deleveraging would mean reducing returns and some are competing to maintain returns and investor's capital. Since QE programs across the world have been implemented, there is an overall increase in capital that is ideal where there is little to no return being produced. There is room for some downside to world markets but M&A activities over next few years will surprise and outweigh the effects of any future down turn. For the equity market you have to be highly selective and right.
    Feb 11, 2013. 10:06 PM | 1 Like Like |Link to Comment
  • Growing Global Capital Chasing Returns Will Chase The Stock Markets Of The World Upward [View article]
    I believe as investors move up the risk spectrum there will be a trickle do effect to equities in the for of an M&A boom. Larger investors and institution will begin to tap high yield fixed income markets. Won't be a complete flow of capital into these markets but allocations will be a lot higher than average.
    Feb 11, 2013. 07:54 PM | Likes Like |Link to Comment
  • 5 Stocks That Could Give You A 10% Yield On Their Next Dip [View article]
    $BBEP is an excellent pick. Seth Klarman held a substantial amount at one point. Company managed themselves out of a bad situation in 2009. They continue to do well.
    Feb 11, 2013. 06:31 PM | 1 Like Like |Link to Comment
  • Caesars Entertainment's Future In Doubt: Parabolic Rise Provides An Excellent Opportunity To Exit [View article]
    I recently commented on a long position I hold $GIGM. I understand you are short calls here with $CZR. I found market is also valuing $GIGM biz as insolvent. Market is throwing away cash at current price level for $GIGM.
    Feb 11, 2013. 07:26 AM | Likes Like |Link to Comment
  • 4 Gaming Stocks Gaining Strong Upside Momentum [View article]
    Like the 4 recommendations. One to add that some have left to the wayside and believe you might find interesting is GigaMedia $GIGM. It has been on tear since last month December 2012.

    It is fundamental sound. Market is pricing $GIGM below net cash.

    So, "Is the company better dead or alive?" Certainly, an interestingly acquisition candidate for the above companies mentioned.

    What opinion do you hold?

    Full disclosure: I am long $GIGM
    Feb 11, 2013. 12:27 AM | Likes Like |Link to Comment
  • 3 Gifts Management Left For Ryman Hospitality Shareholders [View article]
    Would like to see what considerations went into the $RHP down grade. None the less, current market price showing great expected returns going forward.
    Jan 31, 2013. 03:42 PM | Likes Like |Link to Comment
COMMENTS STATS
46 Comments
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