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Charlie480

Charlie480
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  • Why Dex Media Is Attractive In Less Than 1,000 Words [View article]
    I was puzzled too. Plus he bought Facebook. Maybe his genius has turned to mental illness :)

    Here's the link to his 13f

    http://1.usa.gov/1oxMvpN
    Aug 14 02:44 PM | Likes Like |Link to Comment
  • Why Dex Media Is Attractive In Less Than 1,000 Words [View article]
    Looks like Bass is out. Watsa still holding.
    Aug 14 01:23 PM | Likes Like |Link to Comment
  • Pharma-Bio Serv's Stock Price Is In The Dumps [View article]
    Do you see that net current assets are roughly 30% lower than where the stock is trading? Plus earnings power of $2mm to $6mm per year? It sounds as if you don't understand the volatility that is inherent in their project-based business model.

    If you are going to become impulsively bullish or bearish based on a quarter or two of information you are in for a painful investment career unless you stick to the Coca-Colas of the world (earning 6% a year isn't all that bad).

    Of course they deserve some discount due to lack of recurring revenues and their vulnerable nanocap status but they would fetch about $.80 per share if liquidated today. So for $.35 you get a business that has seven year average EBIT of $.17 (that's EV/EBIT of 3.5), returns on invested capital of nearly 50%, seven year shareholder's equity CAGR of 36%, a flexible cost structure, solid insider ownership, a share repurchase program targeting almost 40% of the float, and a reasonably attractive brand name in Puerto Rico.

    And you think holding cash is better than that?
    Aug 12 02:05 PM | Likes Like |Link to Comment
  • Why Dex Media Is Attractive In Less Than 1,000 Words [View article]
    There are many thousands of other companies to short out there that aren't trading for 0.5x FCF and where Kyle Bass isn't long. It is difficult to handicap the odds of success here but it does look like the risks are more than priced in and the short trade looks awfully crowded.
    Aug 11 10:49 AM | Likes Like |Link to Comment
  • Insider buying at Penn National Gaming [View news story]
    Because they are smart
    Aug 6 03:54 PM | Likes Like |Link to Comment
  • Rayonier Advanced Materials: An Undervalued Industry Leader [View article]
    It is a fairly high return on capital business with barriers to entry and slow change. Given the oligopoly, RYAM is likely to grow in line with the industry, 2-3% per year with a little bit of near-term pressure. I think it is a good business at a slightly below fair price. I am long.
    Aug 6 02:58 PM | Likes Like |Link to Comment
  • 5 Reasons We Are Long CECO Into Q2 Results [View article]
    Why wouldn't you use net cash?
    Jul 26 02:22 AM | Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    They should just go to Vegas. More fun, less paperwork.
    Jul 10 12:14 PM | Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    I'm ashamed to be a human. $5.8B. God is probably planning another flood.
    Jul 10 11:57 AM | 1 Like Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    Make it a small position if you need to. This is the most obvious short I've seen in many years, maybe ever.
    Jul 9 12:47 PM | 2 Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    What a great short! I have never seen anything this crazy.
    Jul 1 01:31 PM | Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    I got the short off today. Thanks for the idea.
    Jul 1 10:15 AM | 1 Like Like |Link to Comment
  • Barnes & Noble - A Bargain Hiding In Plain Sight? [View article]
    Great job on this one.
    Jun 26 12:29 PM | Likes Like |Link to Comment
  • CYNK Technology: Promoters Push Market Cap To $655 Million Despite $39 In Assets And No Revenue; 100% Downside [View article]
    Can't get a borrow. Great find though
    Jun 20 02:31 PM | Likes Like |Link to Comment
  • What Should Investors Do With Fonar? [View article]
    Thanks for the follow up George. Not many authors show that kind of consideration. Great work
    May 20 08:35 PM | Likes Like |Link to Comment
COMMENTS STATS
18 Comments
5 Likes