Seeking Alpha

Chris DeMuth Jr.'s  Instablog

Chris DeMuth Jr.
Send Message
"It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a misplaced bet - that they can occasionally find one." - Charlie Munger I look... More
My blog:
Rangeley Capital on Harvest
My book:
Rangeley Capital Best Investment Ideas
  • Ronald Reagan Forever 2 comments
    Jan 28, 2013 2:51 PM

    Stamp machines had not yet updated yesterday, so one could still purchase "Forever" stamps at $0.45 and return them today for $0.46. Not very scalable, but good for over a 2% riskless return in 24-hours. Machines had as much as $900 per post office for 2,000 stamps and a $20 return. Add to that another $9 or so for the credit card rewards.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.

Back To Chris DeMuth Jr.'s Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • bazooooka
    , contributor
    Comments (3390) | Send Message
    I have a collector friend who bought a bunch back in 2007 and he sells me some for less than current face yet make a tiny profit. 50 bucks worth lasts me a year or two so I can't imagine he makes more then a few dollars on the deal. Then again someday postage will be over $1 and my friend likely will still have thousands of them left as well as bragging rights.
    28 Jan 2013, 06:45 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (5140) | Send Message
    Author’s reply » Nice. This is not the most scalable strategy. However, I have been selling some items via online auctions, so need to regularly stop by the post office on my walk to work anyways. This was my way of paying for postage.
    28 Jan 2013, 06:51 PM Reply Like
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
  1. GCVRZ Forum Archive (1,000 Comments)
  2. GCVRZ Forum (821 Comments)
  3. Event Driven Q&A Forum (240 Comments)
  4. GPT Forum (132 Comments)
  5. Shorts Forum (125 Comments)
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.