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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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  • Loral Updates Transaction Disclosure 6 comments
    Mar 4, 2014 8:10 AM | about stocks: LORL

    (click to enlarge)

    Disclosure: I am long LORL.

    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: LORL
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  • Chris DeMuth Jr.
    , contributor
    Comments (4246) | Send Message
     
    Author’s reply » Loral shortlists Apax, pension funds for sale: http://reut.rs/OyK0Ug (LORL)
    19 Mar, 10:26 PM Reply Like
  • George Yannopoulos
    , contributor
    Comments (25) | Send Message
     
    Too bad $SATS didn't take a run at $LORL - I thought they might. Nonetheless I think there may still be some upside.
    20 Mar, 02:59 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4246) | Send Message
     
    Author’s reply » We'll know more by this time next week.
    20 Mar, 03:00 PM Reply Like
  • George Yannopoulos
    , contributor
    Comments (25) | Send Message
     
    Do you have any opinion on implications of failure to settle ViaSat suit? Maybe $VSAT is being difficult and $LORL wants to see which way the wind is blowing in court, but it seems like a strange thing to do in the middle of a sale process.
    25 Mar, 11:38 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4246) | Send Message
     
    Author’s reply » It would have been better to settle and I know that LORL tried. I agree 100% that it is strange. It is not as big a deal as the market price change is making it out to be, but it is certainly suboptimal.
    26 Mar, 05:37 AM Reply Like
  • George Yannopoulos
    , contributor
    Comments (25) | Send Message
     
    I wouldn't be surprised to see an impact on transaction timing. I know that, in the event of a change of control, there's a dollar cap on indemnification in the purchase agreement with MDA, but I bet it's a big number.
    26 Mar, 09:03 AM Reply Like
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