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drew111

drew111
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  • Ensco, Atwood post strong Q1 beats but challenges remain for offshore drillers [View news story]
    I consider myself a grammar nazi and I blew that one. :)
    May 1, 2015. 08:12 AM | Likes Like |Link to Comment
  • Ensco, Atwood post strong Q1 beats but challenges remain for offshore drillers [View news story]
    Unexperienced management always sees bright sun shiny days as far as the eye can see. Experienced management always sees clouds on horizon even when it is clear now, particularly those in commodity businesses.
    Apr 30, 2015. 12:11 PM | 1 Like Like |Link to Comment
  • Tonix Pharma +12% premarket on bullish call [View news story]
    Joe Springer has done some great research on this one as well. My PSA for the day.
    Apr 21, 2015. 06:36 PM | Likes Like |Link to Comment
  • Sears Hometown and Outlet Stores hits reset button [View news story]
    I'm of two minds when it comes to net-nets. On the one hand, I intuitively agree with Ben Graham's teachings on net-net investing ie. pick through the rubbish with quality in mind. However, after reading "Quantitative Value" by Gray/Carlisle and "Deep Value" by Carlisle, I am beginning to look at them differently. The studies done while writing both books suggest that a diversified basket of net-nets, regardless of quality, will out perform a similar basket of "quality" only net-nets. The Oppenheimer study on net-nets from the early eighties seems to suggest the same at least in some ways. I'm not going to give a complete synopsis nor am I trying to have a lengthy discussion here. lol If you haven't read the books I would recommend both. They are well written and are backed up by thorough research. You may not agree with them. Hell, I'm not sure I do. But I think they are worth a read, if for no other reason than being open to a somewhat different branch of the value school of thought.

    note - "Deep Value" is a more fun read while "Quantitative Value" is dryer with considerably more statistical work and research.
    Mar 28, 2015. 01:21 PM | Likes Like |Link to Comment
  • Sears Hometown and Outlet Stores hits reset button [View news story]
    DVL, interestingly, primarily because of your screen name, $SHOS is a net-net. A reversion to mean play? Either way not one I will play.
    Mar 27, 2015. 01:33 PM | Likes Like |Link to Comment
  • Chris DeMuth, Jr. Positions For 2015: Banking M&A, Milestone Payments, Litigation Results [View article]
    Uhmmm, well you can hold it, sell into the panic or continue to buy dollars for 65 cents instead of 45 cents. The company is a cash box at this point. I'm holding and will consider buying more if it sells off to extreme levels.
    Mar 20, 2015. 03:47 PM | 1 Like Like |Link to Comment
  • Merger Arbitrage Forum (Though Any Arb Can Be Discussed) [View instapost]
    Puerto Rican assets sold.

    http://bit.ly/1KYrJv4
    Mar 11, 2015. 05:43 PM | Likes Like |Link to Comment
  • Merger Arbitrage Forum (Though Any Arb Can Be Discussed) [View instapost]
    Keubiko, once again thank you for pointing this one out. Made over a 20% gain in about 2 months time. I hope to return the favor sometime.
    Mar 6, 2015. 03:27 PM | 2 Likes Like |Link to Comment
  • Hunting For Italian Real Estate Bargains [View instapost]
    tuliptown, I'm with you on Traverse City.

    For some additional information on the investment case for these, check out Wert Art Capital's and Alpha Vulture's blogs. That's where I first heard of this. Here's the links.

    http://bit.ly/1wJU41P

    http://bit.ly/1wJU41R
    Mar 5, 2015. 03:24 PM | 1 Like Like |Link to Comment
  • Merger Arbitrage Forum (Though Any Arb Can Be Discussed) [View instapost]

    EDMONTON, Feb. 26, 2015 /CNW/ - Carfinco Financial Group Inc. ("Carfinco") (TSX: CFN) announces today that it has completed the sale of its US holding
    company, Carfinco USA Inc., and all of Carfinco USA Inc.'s direct and indirect subsidiaries including Persian Acceptance Corp., the disposition of which is a
    condition of closing the previously announced plan of arrangement (the "Arrangement") with Banco Santander, S.A. Carfinco continues to work diligently towards completing the Plan of Arrangement and remains confident that the Arrangement can be completed on or before the extended deadline of March 12, 2015.
    Feb 26, 2015. 10:39 PM | 2 Likes Like |Link to Comment
  • Bargain Hunting In Thailand  [View instapost]
    I've been looking at this one as well. APWC is actually headquartered in Taipei, Taiwan and is itself a publicly traded subsidiary of unlisted Pacific Electric Wire and Cable(PEWC). PEWC is a chinese company with a sordid past, like people are doing prison time sordid past. Granted this occurred over 10 years ago. I agree that it is a real company(APWC). Just wanted to point this out.
    Feb 26, 2015. 09:30 PM | 2 Likes Like |Link to Comment
  • Merger Arbitrage Forum (Though Any Arb Can Be Discussed) [View instapost]
    Shareholder vote results $HRZL - http://1.usa.gov/1zJrfhM
    Feb 25, 2015. 09:49 PM | Likes Like |Link to Comment
  • MannKind: Another Year Of Disappointments? [View article]
    Ahhh, got my penny... I wish they would list the authors on the portfolio headline/article list!
    Feb 25, 2015. 12:37 PM | 2 Likes Like |Link to Comment
  • Bought Svenska Handelsbanken For Diversification, Dividend Income And A Currency Play On A Potential Recovery Of The Swedish Krona [View article]
    I've been researching this bank for several weeks in my down time. Just looked at that "proxy" last night. You are welcome!
    Feb 23, 2015. 04:40 PM | 1 Like Like |Link to Comment
  • Bought Svenska Handelsbanken For Diversification, Dividend Income And A Currency Play On A Potential Recovery Of The Swedish Krona [View article]
    Minor correction - each adr represents 1/2 of a share ie. 2 shares adr = 1 regular share listed in Sweden. Here's a link :

    http://bit.ly/1BfZwez
    Feb 23, 2015. 04:13 PM | Likes Like |Link to Comment
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