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Blackbeard

Blackbeard
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  • Buffett wins again on BNSF purchase [View news story]
    Excellent point. I neglected the cash taken out of the business when looking at the return. Buffett did well.
    Nov 10, 2014. 10:51 PM | 1 Like Like |Link to Comment
  • Buffett wins again on BNSF purchase [View news story]
    This investment doubled five years after a recession. Sounds like a normal return. The S&P 500's total return in that same period is roughly the same.
    Nov 10, 2014. 10:24 AM | 3 Likes Like |Link to Comment
  • North Korea's Kim Jong Un's absence continues [View news story]
    "...an annual event Kim has attended without fail since he took power." So he attended this event just twice in the past?
    Oct 10, 2014. 09:39 AM | Likes Like |Link to Comment
  • Lego to end Shell collaboration after Greenpeace pressure [View news story]
    Legos, being made of plastic, are made from oil.
    Oct 9, 2014. 01:03 PM | 6 Likes Like |Link to Comment
  • Speculation on investor stake lifts McDonald's [View news story]
    If someone is actually building a big stake, I would bet it's someone who wants to push for creation of a REIT for the real estate assets.
    Sep 29, 2014. 03:24 PM | 3 Likes Like |Link to Comment
  • Visa Inc. Announces New Conversion Rate for Class B Common Stock [View article]
    It's like a buyback. Visa has three classes of shares. One class is the Visa we all know and love and can trade on the NYSE. One class of shares is owned by the banks that did not sell their entire stake in Visa's IPO. The final class is similar to the shares that trade on the exchanges, but was set aside to cover legal payments. When Visa went public, it had massive amounts of litigation going on. The special share class can be converted into Class A shares, but the number of shares that are received in a conversion drops every time a legal payment is made. As payments are made, the potential for dilution drops a little bit more.
    Sep 24, 2014. 08:48 PM | Likes Like |Link to Comment
  • Amazingly, Yahoo Will Still Do Badly [View article]
    He's using the proper formatting for posting on Yahoo Finance message boards.
    Sep 17, 2014. 01:47 PM | 4 Likes Like |Link to Comment
  • Amazingly, Yahoo Will Still Do Badly [View article]
    It's in the prospectus. 121M shares from Yahoo are part of the shares being sold, with another 19M shares reserved for an overallotment option. The overallotment will be exercised if BABA is trading above the IPO price.
    Sep 17, 2014. 01:39 PM | 1 Like Like |Link to Comment
  • Amazingly, Yahoo Will Still Do Badly [View article]
    A tangent comes to mind from reading this article: If selling pressure appears in YHOO due to people unwinding their YHOO/BABA trade, would buying pressure appear in Yahoo Japan? I would think many investors who tried to create a BABA proxy from YHOO would have gone short some amount of Yahoo Japan alongside their long YHOO position in order to isolate the underlying BABA value.
    Sep 17, 2014. 12:28 PM | Likes Like |Link to Comment
  • Amazingly, Yahoo Will Still Do Badly [View article]
    According to the prospectus, 121M shares of the Alibaba IPO are directly from Yahoo. There is also an overallotment option that will be exercised if BABA is trading above the IPO price that takes Yahoo's sale to 140M shares (all at whatever the IPO price ends up being). YHOO is also required to sell 68M additional shares by a later date (no price determined at this time).
    Sep 17, 2014. 12:25 PM | Likes Like |Link to Comment
  • Rhetoric turning hysterical ahead of Scottish vote [View news story]
    Reminds me of the independence voting for Quebec that comes and goes every so often. Look for pricing anomolies as the vote approaches and take advantage of them.
    Sep 12, 2014. 03:51 PM | 3 Likes Like |Link to Comment
  • Wells Fargo next? Kovacevich blasts BofA settlement [View news story]
    "...They just bought companies that did wrong"

    When you acquire a company, you acquire its assets AND liabilities (financial and legal).
    Aug 21, 2014. 09:32 AM | 4 Likes Like |Link to Comment
  • Investors lose interest in currency-hedged Japan fund [View news story]
    The withdrawal last week coincided with an earthquake in Japan.
    Jul 16, 2014. 03:47 PM | Likes Like |Link to Comment
  • Morgan Stanley advisers green-lighted for Twitter [View news story]
    Still beats Wells Fargo (telegraph and stagecoach).
    Jul 1, 2014. 01:25 PM | Likes Like |Link to Comment
  • Wal-Mart roundup: Annual meeting, high-level resignations, Sell rating [View news story]
    The $500M figure attached to this investigation continues to astound me. To put it in perspective, consider that the company has $45.3B in inventory on hand and 6,107 locations across the globe. Based on an average of $7.4M in inventory per location, this investigation has effectively represented the loss of 67 stores worth of inventory. Imagine how much more upset shareholders would be if 67 Wal-Mart locations had been looted with no repayment. Keep in mind that the $500M is only for the investigation, and not the effects and costs of alleged bribes themselves.
    Jun 5, 2014. 08:51 AM | Likes Like |Link to Comment
COMMENTS STATS
107 Comments
154 Likes