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22thoroughbred

22thoroughbred
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  • Mischief Or Magic In The Ordered Sale Of Kirk's Stake In MGM Resorts International? [View article]
    I know that there are 2-3 hedge funds who already hold a posn. in MGM looking to buy up the block to avoid the shares taking a hit, also the ability to buy 6-8% below market is always a nice perk. Wynn would not be able to get approval as him buying would give WYNN way too much control of properties in LV and elsewhere (we all know how the government looks out for us when a possible monopoly can be created). Also keep in mind there has been talk of MGM becoming a REIT, if that's done the shares are worth right about $25 so with the shares at ~$19 and a hedge fund buying at a sleight discount, say approx. $17.50-$18 and converting to a REIT gives them an almost immediate 30% profit, that is what I believe you'll see. I am very long the MGM $22 calls at under .90 as well as some common
    Jun 22, 2015. 04:41 PM | 1 Like Like |Link to Comment
  • Tracinda to sell off position in MGM Resorts [View news story]
    I know that there are 2-3 hedge funds who already hold a posn. in MGM looking to buy up the block to avoid the shares taking a hit, also the ability to buy 6-8% below market is always a nice perk.
    Jun 19, 2015. 06:25 PM | Likes Like |Link to Comment
  • National Beverage Corporation: A 6 Point Inspection [View article]
    In that sector it's mandatory
    Jun 12, 2015. 11:04 AM | Likes Like |Link to Comment
  • National Beverage Corporation: A 6 Point Inspection [View article]
    I just tasted today the NEW NiCola and it's really good, no aftertaste and not at all sweet, hard to describe the taste it doesn't taste like Coke or Pepsi in that regard but I'll drink more when it's available for purchase in NV
    Jun 11, 2015. 10:56 PM | Likes Like |Link to Comment
  • Anti-soda push picks up in San Francisco [View news story]
    They force cigarettes to put labels on their own product saying "smoking will kill you" yet alcohol, which kills many more than smoking and kills folks who don't partake, has no real warning and isn't taxed as cigarettes do, apparently the alcohol lobby is so far better than the tobacco lobby, truly pathetic
    Jun 10, 2015. 09:10 AM | 4 Likes Like |Link to Comment
  • Noble And Transocean: A Tale Of Two Drillers [View article]
    I agree with your analysis and thus I still will not buy either's common stock however I do own and will hold the debt of RIG, a $20bb backlog with debt that matures in both 2018 & 2020 I'm OK with that
    Jun 3, 2015. 08:42 AM | 1 Like Like |Link to Comment
  • National Beverage Corporation: A 6 Point Inspection [View article]
    It won't get sold until Nick decides to retire or there's a really high offer made, I do NOT expect the latter. As for the amount of the special dividend, in the past it has been around 75-80% of earnings since the previous special dividend. (approx.) so last year earnings were .91, this year ~$1.05, would be $1.55 as of now, if put off another 12 months then would be around $2.25-$2.50. Either way I'm holding my shares so the div. is just a nice tax free gift. (In a Roth IRA)
    Jun 2, 2015. 01:20 PM | Likes Like |Link to Comment
  • National Beverage Corporation: A 6 Point Inspection [View article]
    I have owned this company for well over 10 years and have developed several firm beliefs about the company and the stock. The CEO works tirelessly for the shareholders, as you said, he owns 74% of the shares. As a way for him to monetize his shares without selling any the co. pays a "special Dividend" approx every 24-30 months, generally amounting to around $2.50-$3 / share, this is coming due. Owning 74% allows him to make any/all decisions which when the person in that posn. is as intelligent and shareholder friendly as Nick is makes me feel really good. When the time comes for Nick to retire I have no doubt he will find a buyer at a very fair price to take over the co. and again reward all longer term shareholders. All the minutia about changes in FCF or declining revenue matters, but not as much as with many other companies for the reasons I mentioned above. So buy and hold and then just be patient.
    Jun 1, 2015. 03:55 PM | 1 Like Like |Link to Comment
  • McDermott grabs large contract amendment for work in Hout field [View news story]
    Yes, options, however if you don't have experience with them I suggest you do some studying before you use real money, do some phantom trades and check out http://www.cboe.com
    May 5, 2015. 09:34 AM | Likes Like |Link to Comment
  • McDermott grabs large contract amendment for work in Hout field [View news story]
    Bought not too long ago, 12/29 @ $3.05 and more on 1/21 @ $2.21 sold some March $2.50 calls and collected $1.15 which I closed out at .65 (net .50) as well as some other April calls and closed them out with a gain of .26 all told I still have all my original shares with that c/b. Currently I am long my original posn. with the naked PUTS as well as some May $5.50 CALLS I sold last week and collected .35 which is NOT included in my net cost yet as the posn is still open. As for the price I expect, no clue, when I open a posn I look at current price, option premium, and whether I expect it to go up or down, if up I put the trade on, if down I walk away, but never do I put essentially a cap on my gain, as long as the stock and it's fundamentals are good I stay once that dynamic changes I'm gone. There are 2 exceptions, AVAV and MWA, both stocks I have owned and been accumulating for 5-8 years, I KNOW they both should be substantially higher and will be, just don't know when. Good luck
    May 5, 2015. 12:33 AM | Likes Like |Link to Comment
  • McDermott grabs large contract amendment for work in Hout field [View news story]
    My avg cost after selling calls is now $1.98 and I sold 100 May $5.50 PUTS and collected almost $1.25 so if closes above $5.50 free money, if not assigned with a net cost of $4.25, looks good as of today, may be regretting it on Friday, never know but still a nice trade, even the JUNE $5 are not bad, collect .40 and a gain above $4.60
    May 4, 2015. 07:45 PM | 2 Likes Like |Link to Comment
  • Mueller Water Products: Tech Can Help California [View article]
    Webvan was an internet stock that went from $30 to $185 to $.01 in 2003, point being people at that time bought anything that was .com if the story sounded good, i.e. webvan was a grocery delivery service that lost $$ from the 1st online order to the last.

    As to your point about getting due value, I will continue holding and doing my own DD until I feel completely satisfied and then i'll sell, never try to get the last .10, too often you end up with way less. Take care and thanks for the information
    Apr 27, 2015. 07:09 PM | 2 Likes Like |Link to Comment
  • Mueller Water Products: Tech Can Help California [View article]
    THANK YOU, I also have owned this stock since 2009-10 range and agree with your thesis 100%. I have told dozens of friends about it but since it's not sexy they aren't interested, however if I remember correctly wasn't Webvan sexy?

    I feel pretty confident that MWA will become a small part of a large company at some point in the not too distant future. That's what the larger cos. do, let MWA take all the risk of growing the business then come buy them when the risks have dissipated. That may work against us as the major growth will benefit "them" not "us"
    Apr 27, 2015. 02:31 PM | 2 Likes Like |Link to Comment
  • TheStreet: An Interesting Play Below $2 [View article]
    You mean a , didn't work in it's place? Sorry, I get a thought in my head and just write. However your comment really wasn't much good to anyone
    Apr 27, 2015. 12:28 AM | Likes Like |Link to Comment
  • TheStreet: An Interesting Play Below $2 [View article]
    If you're not going to back up your assertion with some rationale and if your statement WERE true than your comment is just below the junk you suggest the article is.

    Good or bad Cramer has people who watch and listen, like watching a train wreck, I listened to Cramer way back in the day and he hasn't gotten stupid, in fact he knows more about the inner-workings of the market than 99% of everyone, unfortunately he stopped using that knowledge as listeners like most investors don't want to do the work and just want to hear a stock symbol, I know because I remember when he or Dan Dorfman would speak our phones would light up with lemmings buying and not even knowing what the co. did!!! So to attempt to stay relevant Cramer gave what they wanted, and lost credibility, I haven't watched once in the last 3-4 years or more but I doubt that's changed, unfortunately, he is a brilliant investor and knowledge source.

    I was a broker from 1994-02, investing since I was ~13
    Apr 24, 2015. 12:29 PM | 2 Likes Like |Link to Comment
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