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Chris DeMuth Jr.
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"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
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  • Seeking Truth From Facts – Saturday, September 07, 2013 3 comments
    Sep 7, 2013 10:11 AM | about stocks: CELG

    (Seek Truth From Facts)

    Starting this coming week, I am going to start a regular feature in which I reveal some of my primary source data. This will consist of SEC filings, regulatory decisions, legal cases, or other primary sources that relate directly to what I am working on. These sources are actionable in terms of capital market investments. I read dozens of such documents a day; these will be my favorites with which you can make of what you will.

    For today, the FDA approves Abraxane for late-stage pancreatic cancer.

    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 securities without further notification.

    Themes: CELGZ Stocks: CELG
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Comments (3)
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  • Wilson Wang
    , contributor
    Comments (884) | Send Message
    Sweet! Does that mean you will be posting one everyday?
    7 Sep 2013, 12:25 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (5367) | Send Message
    Author’s reply » That is my plan. I think that the heart of security analysis is analyzing facts, not analyzing analysis. So, to that end, I want to put forward a taste of what I am looking at -- almost all of which is primary source material. That way, reader who feel like it can take one of my premises and make their own conclusions as to the merits of relevant potential investments without my own conclusions getting in the way. Where I spend my time is in synthesizing these types of data points and then getting in touch directly with the principals of the organizations that are impacted by these documents.
    8 Sep 2013, 09:03 AM Reply Like
  • cefaci
    , contributor
    Comments (3) | Send Message
    After today's payment what is left on this stub?
    9 Oct 2013, 04:53 PM Reply Like
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