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SA Editor Stephen Alpher

 
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  • Wine Arbitrage [View instapost]
    No wine by mail in the "great state" of Pennsylvania :(
    Apr 3 02:51 PM | Likes Like |Link to Comment
  • GCVRZ: A Potential 16 Bagger Worth The Risk [View article]
    I noticed in the original piece, you described the timing of the FDA decision as "imminent" in one spot, "soon" in another. As we enter Q2 with no decision, is this a cause for concern? If delays are typical, do they tend to mean good news is coming? Bad?
    Apr 1 04:24 PM | 1 Like Like |Link to Comment
  • Texas Hold ‘Em Tournaments And Value Investing [View instapost]
    Dan Harrington's books are must-reads as well. The guy looks like someone off to cash in his coupon for $10 in free slot play, but he's an expected-value-calcula... machine. If he ever sits down at a table with me in any endeavor, I'm getting up.

    Jeff Yass (and his partners) started Susquehanna Investment Group with winnings from poker and horse betting. They're grown net worths in the billions (or at least hundreds of millions) by making massive amounts of slightly positive EV bets. SIG job interviews are nothing but being asked a bunch of probability questions. If you make it past the first couple of rounds, it's on to test your chops in poker.
    Apr 1 02:10 PM | 2 Likes Like |Link to Comment
  • The Borgata casino (MGM, BYD) in Atlantic City could see a lift after Revel files for bankruptcy. Though Revel expects to maintain normal business operations during the restructuring, a decline in traffic is expected. The bigger issue: The story in Atlantic City remains grim with hurricane-related problems still in play and casinos in neighboring Pennsylvania drawing customers away. [View news story]
    It's not a liquidation. If anything, I would expect the BK filing would be a negative for competitors as Revel has just eliminated a huge chunk of debt.
    Mar 27 12:15 PM | Likes Like |Link to Comment
  • Gramercy Capital Management Discusses Q4 2012 Results - Earnings Call Transcript [View article]
    ARCP offers $5.7B for Cole Credit Property Trust

    http://seekingalpha.co...
    Mar 20 08:03 AM | 1 Like Like |Link to Comment
  • The Coming Boom In MicroCap Agriculture Stocks [View article]
    Interesting article.

    Re J.G. Boswell ... The King of California - which details the rise of Boswell - is one of the finer books I've ever read

    Re Alico ... the company has been shopping itself for awhile and jumped about 10% over the past couple of sessions after hiring Deutsche to assist.
    Mar 17 09:54 PM | 2 Likes Like |Link to Comment
  • Our Best Investment Idea For 2013: Gramercy Capital, Part II [View article]
    I was curious about the price. $3.2M for 3.5K sq ft? The cap rate must have about 2!

    They just got 1.5% of their market cap for a dinky little building.
    Mar 14 12:58 PM | 1 Like Like |Link to Comment
  • Our Best Investment Idea For 2013: Gramercy Capital, Part II [View article]
    http://bit.ly/ZCCO7z

    ?
    Mar 14 12:39 PM | 1 Like Like |Link to Comment
  • GCVRZ: A Potential 16 Bagger Worth The Risk [View article]
    Sounds mostly good?

    No position, but thanks for the introduction to a securities area I previously paid little attention to.
    Mar 7 09:21 AM | 1 Like Like |Link to Comment
  • Cable shoots higher after the BOE decision. About 40% of those surveyed expected the bank to boost its QE program after last meeting's minutes and some leading talk from Governor King, but it's Mark Carney's bank now - even if he doesn't start his job until July. Sterling (FXB) +0.3% to $1.5057. [View news story]
    "Many forex traders and commentators also use the traditional term "Cable" to refer to the GBP/USD currency pair. This nickname arose historically from the Trans-Atlantic telegraph cable that was used to transmit the value of that pair's exchange rate from Britain to the United States."

    http://bit.ly/VKhKzk
    Mar 7 09:12 AM | Likes Like |Link to Comment
  • More on Dell (DELL): Opposed to the buyout, one of the options Southeastern Asset Management has considered is investing alongside Michael Dell as he takes the company private. Another option: Teaming up with another player to make a higher offer. Separately, among those who showed interest as the board looked for other buyers were H-P and Lenovo. (Earlier: Icahn gets involved) [View news story]
    Actually: "We feel the LBO unfairly values DELL ... and we want in on it."
    Mar 6 03:58 PM | 1 Like Like |Link to Comment
  • All 17 bank holding companies subject to Fed stress tests will pass the exam, says Credit Suisse's Moshe Orenbuch (results due Thursday). He thus sees payout ratios for the group rising to 64% of earnings this year from 36% in 2012, with BofA (BAC), Citigroup (C), and Regions Financial (RF) getting the biggest bump. Morgan Stanley (MS) and SunTrust (STI) should also see sizable increases. [View news story]
    Already have the post up in draft. :)
    Mar 6 11:29 AM | Likes Like |Link to Comment
  • TPG-Axon increases its stake in SandRidge Energy (SD) to 36.2M shares from 33M at 2012's end. The deadline for voting on TPG's bid to replace the board is March 15. Between TPG and Leon Cooperman - who sounded on last week's CC like he's had it with management - that's more than 70M shares vs. a float of nearly 500M. Shares +0.7% AH. [View news story]
    I don't want to speak for Chris (but will anyway) ... I believe his above question is directed at bdoeden, not me!

    :>)
    Mar 5 10:38 PM | 1 Like Like |Link to Comment
  • TPG-Axon increases its stake in SandRidge Energy (SD) to 36.2M shares from 33M at 2012's end. The deadline for voting on TPG's bid to replace the board is March 15. Between TPG and Leon Cooperman - who sounded on last week's CC like he's had it with management - that's more than 70M shares vs. a float of nearly 500M. Shares +0.7% AH. [View news story]
    http://bit.ly/10cpNYi
    Mar 5 10:15 PM | 1 Like Like |Link to Comment
  • SandRidge Mississippian Trust I (SDT -9.5%) is cut to Sell from Hold with a reduced $13 target price at Wunderlich, citing a weakening distribution outlook due to higher costs, lower production and a higher mix of natural gas being produced. Investors may be attracted to SDT's yield, but the firm says investors should focus on the trust's risk profile. SDR -4.9%, PER -2.5%[View news story]
    Tom Ward selling his trust shares to buy SD so he has more stock to vote for himself?
    Mar 5 12:32 PM | Likes Like |Link to Comment
COMMENTS STATS
540 Comments
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