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
  • 2013: A Bumpy Road So Far 24 comments
    Sep 5, 2013 2:12 PM | about stocks: AM-OLD, S, DELL, DOLE, ES, OUTD, TMUS, PXP, S, ALCS, BLC

    It has been a bumpy road so far this year. Bumps in deal prices have included

    1. AM
    2. CLWR
    3. DELL
    4. DOLE
    5. ES
    6. OUTD
    7. PCS
    8. PXP
    9. S

    What is next? ALCS? BLC? SFD? Any ideas of the next definitive deal to get an overbid or a bump in terms? The dynamics of such positions can be quite positive as they are essentially auctions with an embedded put in the form of the existing deal. Where is the next bump in the road? Shiny new bragging rights and/or dusty old bottle of Scotch for the winning answer.

    Disclosure: I am long DELL.

    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.

    Stocks: AM-OLD, S, DELL, DOLE, ES, OUTD, TMUS, PXP, S, ALCS, BLC
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 (24)
Track new comments
  • User666
    , contributor
    Comments (88) | Send Message
     
    ASTX
    5 Sep 2013, 02:18 PM Reply Like
  • Special Situations and Arbs
    , contributor
    Comments (584) | Send Message
     
    Reminds me of the question people would ask about former heavyweight champion Larry Holmes during his long run as champ...."Who is the next Larry Holmes"..Answer= Larry Holmes

     

    Holmes won his first 48 bouts and was champion for 8 years...All along people were looking for the next guy but he was the next guy.

     

    What I'm getting at is my pick for bump:DOLE. What is the next DOLE? DOLE!

     

    If I win I will take the bragging rights
    5 Sep 2013, 02:24 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4349) | Send Message
     
    Author’s reply » Good pick; thanks.
    5 Sep 2013, 03:36 PM Reply Like
  • Dr. Kris
    , contributor
    Comments (329) | Send Message
     
    I'll toss my hat into the ring and go with $KDN.

     

    If I win, can I take the Chateau Margaux instead?
    5 Sep 2013, 03:01 PM Reply Like
  • Yuanxi Zhang
    , contributor
    Comments (244) | Send Message
     
    How did the AUTO lawsuit go, if you don't mind me asking?
    5 Sep 2013, 04:26 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4349) | Send Message
     
    Author’s reply » We won't comment on any outstanding litigation.
    5 Sep 2013, 04:47 PM Reply Like
  • AContrarian
    , contributor
    Comments (144) | Send Message
     
    Gotta vote SFD.
    5 Sep 2013, 04:36 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4349) | Send Message
     
    Author’s reply » We own it and like it. We'll see what happens.
    5 Sep 2013, 04:47 PM Reply Like
  • Ocean Man
    , contributor
    Comments (549) | Send Message
     
    CXPO
    5 Sep 2013, 04:49 PM Reply Like
  • Perkins Cove
    , contributor
    Comments (632) | Send Message
     
    Lets see....Chris is from CT, but his heart is in Maine. So, by rights, his NFL team is The Patriots. Except......as a child, he once was run over by a Bronco, picked up by a big Raven, and deposited in Pittsburgh. Traded to the Packers in later years, he grew a love for chedder. So the answer is .....

     

    $MDLZ

     

    I think my reasoning is as good as any ones.

     

    2nd choice.....$GMCR buys out Cabot Cheese. The marriage begets a new Vermont dynasty....rivaling that of Ben & Jerry's. And we all know how that turned out......grin
    5 Sep 2013, 04:57 PM Reply Like
  • Tim Meador
    , contributor
    Comments (31) | Send Message
     
    I'll take $ALCO
    5 Sep 2013, 09:00 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4349) | Send Message
     
    Author’s reply » That sounds like a good bet to me.
    5 Sep 2013, 09:02 PM Reply Like
  • hebercreeper
    , contributor
    Comments (46) | Send Message
     
    I'll go with AAPL buying ADBE, thanks.
    6 Sep 2013, 02:14 AM Reply Like
  • Value Mine
    , contributor
    Comments (201) | Send Message
     
    "next definitive deal to get an overbid"

     

    Since there's no entry fee, I'm going with synm. Longshot because there is no 'definitive deal' yet... but it could be the 'next' one :) With multiple bidders and 4 months left in the year.... who knows?
    6 Sep 2013, 09:56 AM Reply Like
  • KJP712
    , contributor
    Comments (452) | Send Message
     
    Excellent appearance on Bloomberg today.Keep up the great work!
    6 Sep 2013, 02:17 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4349) | Send Message
     
    Author’s reply » Thanks for the kind words. Much appreciated. Have a nice weekend.
    6 Sep 2013, 04:42 PM Reply Like
  • Whopper Investments
    , contributor
    Comments (178) | Send Message
     
    ALCS just upped to $14.45. That bottle of Scotch might be coming my way.....

     

    http://1.usa.gov/15SSJS5
    10 Sep 2013, 09:09 AM Reply Like
  • Roubaixgirl
    , contributor
    Comments (30) | Send Message
     
    no bump for Dole

     

    http://on.mktw.net/17W...
    11 Sep 2013, 09:15 AM Reply Like
  • Special Situations and Arbs
    , contributor
    Comments (584) | Send Message
     
    Yes with Dole news I am out of the contest.

     

    As for ALCS the company says today they don't view the 14.45 offer as superior.
    11 Sep 2013, 10:12 AM Reply Like
  • Roubaixgirl
    , contributor
    Comments (30) | Send Message
     
    Dole at 13.63..?
    19 Sep 2013, 12:08 PM Reply Like
  • Eric Milner
    , contributor
    Comments (33) | Send Message
     
    Novus energy
    23 Sep 2013, 04:08 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4349) | Send Message
     
    Author’s reply » 2014: A Bumpy Road So Far Part II -- a new bid for NuPathe (PATH) http://1.usa.gov/1dfCkAl
    8 Jan, 08:46 AM Reply Like
  • sheldond
    , contributor
    Comments (1134) | Send Message
     
    Nice read thnks.... Appreciate the timing.

     

    D
    8 Jan, 09:02 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4349) | Send Message
     
    Author’s reply » 2014: A Bumpy Road So Far Part II -- a new bid for Celesio within the next 24 hours. More will be posted here: http://bit.ly/19dF803.
    8 Jan, 09:29 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
  1. GCVRZ Forum Archive (1,000 Comments)
  2. GCVRZ Forum (536 Comments)
  3. Event Driven Q&A Forum (236 Comments)
  4. GPT Forum (127 Comments)
  5. Shorts Forum (120 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.