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The Opportunist
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Trader Princeton University '97 Proprietary trader 15 years Launched hedge fund 2013
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  • PIR (Pier One) A Likely Activist Target

    So says BB&T today, having previously thought it would make for a good takeout. Management has accelerated their investment cycle which means short term pain for long term gain in building out e-commerce capacity which is exploding. At the end of the day management has been underwhelming but unlike other situations this is a healthy company which would make an lbo and/or and activist situation where management is changed wildly lucrative. I think the stock is washed out and should be trading closer to 14$/share. Given all of the activist money sloshing around and big future free cash flow here I would expect activists to be in here shortly.

    Disclosure: The author is long PIR.

    Additional disclosure: and plans to trade it actively based on price

    Sep 26 12:22 PM | Link | Comment!
  • New PLUG CFO Brings Acquisitions To The Table

    At POWR they bought companies while tripling in size. I've been calling for PLUG to buy HYGS and take advantage of the, in my view unwarranted, valuation differential. This new CFO, combined with the Burger King purchase of Canadian based Tim Horton's to take advantage of taxation makes a similar move from PLUG more likely.

    Disclosure: The author is long HYGS.

    Additional disclosure: and plans to trade it actively as price dictates

    Sep 04 7:20 AM | Link | 1 Comment
  • COMM Sale Of HYGS Block Removes Final Overhang

    Given that they have been selling and that this has probably concluded with this sale, I think when the dust settles it will be positive because the seller will be gone and the float will free up some and improve liquidity. All told the stock should return to trading on fundamentals which are exploding.

    Disclosure: The author is long HYGS.

    Additional disclosure: and plans to trade it actively as price dictates

    Aug 27 9:56 AM | Link | Comment!
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