valuemanager03's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/141686/comments http://seekingalpha.com/article/136782-curious-accounting-tactics-at-wells-fargo?source=feed#comment-497753 497753 Sun, 10 May 2009 12:26:03 -0400 http://seekingalpha.com/article/82455-rating-agencies-target-guarantors-to-deflect-subprime-blame?source=feed#comment-191651 191651 Tue, 24 Jun 2008 09:07:18 -0400 http://seekingalpha.com/article/78450-first-marblehead-should-jump-on-fbr-reversal?source=feed#comment-171921 171921 Thu, 22 May 2008 13:02:45 -0400 http://seekingalpha.com/article/70408-deteriorating-market-for-pcs?source=feed#comment-133815 133815 Sun, 30 Mar 2008 19:49:42 -0400 http://seekingalpha.com/article/68635-consolidated-mercantile-cheap-in-terms-of-cash?source=feed#comment-131315 131315 Tue, 25 Mar 2008 14:34:22 -0400 http://seekingalpha.com/article/65475-consolidated-mercantile-cash-rich-canadian-microcap?source=feed#comment-117695 117695
I too thought the company would have had a great deal buying Prides Capital's shares (incredibly book value accretive, including to Litwin's stake). But they didn't. I guess they want to save the cash to maximize value of the next deal? I wonder, too, if age is catching up with the managers (not to say they are diminished by age, but do they still want make 5 to 10 year investments in their 70's???).

As a shareholder, I'd be happy with a liquidation of that $3 plus cash. More likely, they'll make some deal. Even if they destroy shareholder value in another deal... it would have to be 50% loss to break-even. Anything with a decent ROI would mean shareholders turn out marvelously. It's like a SPAC, but so much better since we are paying 1/2 of the cash value, and there are no warrants to dilute the upside. ]]> Thu, 21 Feb 2008 15:13:25 -0500
I too thought the company would have had a great deal buying Prides Capital's shares (incredibly book value accretive, including to Litwin's stake). But they didn't. I guess they want to save the cash to maximize value of the next deal? I wonder, too, if age is catching up with the managers (not to say they are diminished by age, but do they still want make 5 to 10 year investments in their 70's???).

As a shareholder, I'd be happy with a liquidation of that $3 plus cash. More likely, they'll make some deal. Even if they destroy shareholder value in another deal... it would have to be 50% loss to break-even. Anything with a decent ROI would mean shareholders turn out marvelously. It's like a SPAC, but so much better since we are paying 1/2 of the cash value, and there are no warrants to dilute the upside. ]]> http://seekingalpha.com/article/60466-the-economics-of-second-liens?source=feed#comment-111346 111346
Losing the home may be the only option for stretched borrowers - but unfathomable to recommend anyone to do that and guarantee that they drown in debt. It's thinking like that which is reducing the countries financial smarts and wrecking families.]]> Fri, 18 Jan 2008 10:22:58 -0500
Losing the home may be the only option for stretched borrowers - but unfathomable to recommend anyone to do that and guarantee that they drown in debt. It's thinking like that which is reducing the countries financial smarts and wrecking families.]]>