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SA Editor Stephen Alpher  

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  • 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, 2013. 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, 2013. 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, 2013. 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, 2013. 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, 2013. 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, 2013. 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, 2013. 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, 2013. 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, 2013. 12:32 PM | Likes Like |Link to Comment
  • SandRidge CEO Discusses Q4 2012 Results - Earnings Call Transcript [View article]
    DId you see Cooperman's comments/questions. Sounds like he's leaning to vote w/TPG?
    Mar 1, 2013. 03:23 PM | 2 Likes Like |Link to Comment
  • Billed as a private equity ETF, the newly listed PEX owns no Blackstone, KKR, or Fortress. The top U.S. holdings - ARCC, ACAS, PSEC, AINV, FSC - will be well-known to fans of BDCs though. [View news story]
    That's Blackrock Kelso (BKCC), not Blackrock (BX).
    Feb 28, 2013. 12:36 PM | Likes Like |Link to Comment
  • One more on Chicago PMI: With increases in January and now February, it marks the first consecutive gains for the index in 2 years. At 60.2, New Orders - maybe the most leading component of the PMI - rises to an 11-month high of 60.2. "Orders were down for January ... by the end of (the month) we became inundated with new orders ... We will also be hiring new welders to assist with capacity," says one respondent. (full report[View news story]
    It's a diffusion index. I don't think Y/Y comparisons are relevant.
    Feb 28, 2013. 10:14 AM | 1 Like Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    http://seekingalpha.co...
    Feb 26, 2013. 10:44 AM | Likes Like |Link to Comment
  • Lots Of Real Estate Value At Assisted Living Concepts [View article]
    Sold for $12/share. Nice work Thomas!

    http://seekingalpha.co...
    Feb 26, 2013. 08:21 AM | Likes Like |Link to Comment
  • More on AIG Q4 earnings: Book value/share (excluding AOCI) of $57.87, +15.5% Y/Y. P&C division loss of $945M thanks to $2B Sandy hit - the company posted an operating profit of $290M even with that. Premiums written of $7.8B, flat Y/Y. Life and Retirement income of $1.1B vs. $912M a year ago. Conference call at 8 ET tomorrow. Shares +3.7% AH. (PR) [View news story]
    Wasn't it expected to spike after Sandy?
    Feb 22, 2013. 02:04 PM | Likes Like |Link to Comment
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