PRO articles cover stocks that fly under most investors' radar screens.
Selling Reitmans After The Pop
- Reitmans has cut costs in a big way to maintain profits amid slumping sales.
- Cyclical weakness in Canadian retail thanks to a strong USD and weaker consumer will continue to challenge the company.
- I have sold my shares as my estimate of the firm's intrinsic value has fallen.
Aberdeen Is Cheap, With A Catalyst
- Aberdeen International is cheap for a good reason, as management has destroyed capital over a number of years.
- Activist investors intent on improving shareholder value have now gotten involved.
- The stock could rise 50% if new directors are voted in at the special meeting.
Dover Downs Is An Asymmetric Wager
- The company has a mid-single digit P/FCF.
- Management has been using the FCF to pay down debt, keeping interest coverage very safe.
- Potential upside exists in the form of tax relief, as the legislature recognizes the industry's economics are currently poor.
- I previously wrote about Tesco as a potential value opportunity.
- Since then, the company's business conditions have worsened.
- I sold my position, and hope to have learned something from the experience.
Best Buy Continues To Show Progress
- Wild price swings suggest market participants strongly disagree on the company's most recent results.
- I continue to believe the company is undervalued, as new management continues to grow profitability.
- The company trades at a single-digit price to free cash flow despite a strong competitive position.
Dacha Strategic Metals: An Exit For Some, An Arbitrage Opportunity For Others
- After years of capital destruction, Dacha embarked on the right path under new management.
- Shareholders have seen a strong return since the company was discussed just over 3 months ago.
- Now an arbitrage opportunity presents itself, as Dacha is acquiring shares in another public company at a discount to the current market price.
IBI Group: Now That's More Like It
- Retail investors appear to have agreed with me that the company's first offer was inadequate.
- As a result, the company has returned with a much better offer.
- Because the offer is much improved, those who vote against it risk losing out on the large consent fee.
IBI Group Management Tries To Put One Over On Debt Holders
- I believe it is in the best interests of IBI Group debenture holders to say no to the company's proposal.
- Debenture holders are being asked to take on much more of the company's risk, but without an increase in interest.
- The most likely scenario following a no vote is the company coming back with a better offer.
Torstar Even Cheaper After Sale Of Harlequin
- The sale of Torstar's Harlequin unit is a win for shareholders.
- Torstar's remaining assets now trade at a low free cash flow multiple.
- Investors receive a safe 7% dividend yield.
Tesco's Price Drop Offers Excellent Value
- Tesco is a company that appears to have a moat, and yet trades at a single-digit P/E.
- The company is one of the largest retailers in the world, and enjoys economies of scale in most of its markets.
- But don't take my word for it; one of the company's largest shareholders is Berkshire Hathaway.
Global Sources: Special Situation And Value
- The company is offering to buy back shares at $10 per share.
- Shares of GSOL trade for just $8.
- For shares that aren't tendered, the shares still represent great value.
- Support.com's Price Is Far Too Low
- Dacha: New And Improved Management
- LICT Corp. Is Far Too Cheap
- hhgregg's Sell-Off Is Overdone
- Best Buy's Dip Is A Great Opportunity
- Tellza: Undiscovered Growth At A Very Cheap Price
- IBI Group Plummets Some More
- Nortech Offers Investors A Selling Opportunity
- IBI Group: Cheap Debt That's Covered By Current Assets
- Reitmans Is Very Cheap
- Rocky Mountain: Way Too Cheap
- Data Group Debentures Trade At Massive Discount
- Universal Security Instruments Is Very Cheap
- Torstar Shines Bright
- Pinetree Offers Debt Holders A Bone
- Nortech Systems' Properties And Profits Offered For Free
- Strayer Shines In The For-Profit Black Hole
- Great Canadian Gaming: Wide Moat, Cheap Price
- Pinetree Capital's Debt In Free Fall, Now Cheap