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dhdhoora

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  • Lonestar Resources Is Hilariously Undervalued Right Now [View article]
    The overwhelming problem is with the ASX listing -- no serious investor except foolish retail geeks like ourselves are going to touch this. I am hoping that new voices, like John Pinkerton, are going to press to get this situation resolved if they intend to use the equity markets for capital. Right they are fighting with one hand behind their back.

    Also, my Scottrade accounts don't even have post split shares yet so I'm frozen out of the market. Hmmm -- is this a private or public company? Some kind of hassle with transfer agent. But, I bet there probably aren't more than a few dozen $LNREF shareholders in Scottrade holding shares in street name... Ugh...

    ATVB,
    Don
    May 22, 2015. 12:29 PM | 2 Likes Like |Link to Comment
  • Why Agenus Can Continue To Rise After Doubling [View article]
    Hmmm... this could mean my 'piggy' thesis... cheap shares to friends and family...

    ATVB,
    Don
    May 21, 2015. 10:49 AM | 1 Like Like |Link to Comment
  • Why Agenus Can Continue To Rise After Doubling [View article]
    Yes, I was shocked with the secondary announcement and amazed that the amount of the secondary was not discussed -- just that the bookrunner could ask for an additional 15% -- huh? Why discuss that???

    In my thinking after a night's sleep, I believe that the company must be in discussions with another biotech for either a drug grab or a company merger. That might explain why no mention of the amount of shares -- still in negotiation. So, probably interesting news...

    The only other explanation would be the 'piggy' explanation in that, given the rise in $AGEN over the past several months, shares have gone as high as they are going to go -- so get dough while the getting is good. But of course, the SP of the offering will probably be well below today's price -- $5? -- so current shareholders get a haircut and an anemia....hope that's not the strategy...

    Pretty crazy stuff,
    ATVB,
    Don
    May 21, 2015. 10:03 AM | 1 Like Like |Link to Comment
  • Prospect Capital: Why A 22% NAV Discount Won't Trigger A Buyback [View article]
    Scott- agree with frystinger -- best article on PSEC yet. As you repeatedly pointed out, this stock is a challenge for retail investors like myself and it is easy to get upset with the apparent conflict with senior exec comp and shareholders. But, IMHO, the rights offering will be lame -- basically asking already-whupped shareholders to buy more shares in a new outfit. I assume some of PSEC is going to be the principals in the new company -- so we spend more dough on the same players? Hmmm...

    ATVB,
    Don
    May 18, 2015. 11:46 AM | 1 Like Like |Link to Comment
  • Why Agenus Can Continue To Rise After Doubling [View article]
    William -- thanks for a thorough, realistic assessment of Agenus. I follow Bret -- but alas did not get into $AGEN until $5.90ish as I've been top heavy in small cap biotechs. The one element not discussed in your article is the very real chance that one of the large cap partners will scoop up the company -- particularly if they like the CPM development platform.

    Again, thanks for the good work and
    ATVB,
    Don
    May 15, 2015. 10:21 AM | 2 Likes Like |Link to Comment
  • Apple: We May See 3 New iPhones In September [View article]
    Check out cloud-based phones like 8x8 ($EGHT) -- they have everything you want including using you iPhone as a virtual extension etc. No, I don't work for the company -- but have used their phones in my business...

    ATVB,
    Don
    May 4, 2015. 10:29 AM | 5 Likes Like |Link to Comment
  • Lonestar Resources Is A Great Value Long Term For Your Portfolio [View article]
    Wonder, Dan...

    I think we're going to be OK this quarter. The company has a very solid credit backstop and are not near any lending covenant issues. John Pinkerton did not join the board to watch this thing twist in the wind. So,with a decent PPS and cash flow positive report; oil appearing to stabilize; and completion of the 'consolidation' -- maybe this crazy stock will come in from the wilderness and finally be recognized by the investment community...

    ATVB,
    Don
    Apr 30, 2015. 12:10 PM | 1 Like Like |Link to Comment
  • Tesla's Battery: No Thanks [View article]
    There is little objective discussion in the piece. The author is simply pumping his short position. It appears to me that the author is factoring in way too much energy usage during the night -- might only be the case if the A/C runs all night... And, storage for entirely off the grid use. I don't believe that's where most solar/battery combos will work. Houses will still be on the grid and not planning on full emergency backup.

    ATVB,
    Don
    Apr 30, 2015. 08:54 AM | 9 Likes Like |Link to Comment
  • Feed Your Family With These 4 Monthly Paying REITs [View article]
    Another Great Job Brad!

    I'm a long term holder of O, HCN, and HTA. After today's article and some DD, I'm about to get STAG! STAG -- 'we are hunters'. Hmmm..

    ATVB,
    Don
    Apr 23, 2015. 07:40 PM | 1 Like Like |Link to Comment
  • More on Capital One's mixed results [View news story]
    Net interest margin of 6.57% with a Tier1 capital ratio > 12! An amazing bank -- one that has way better cost structure than bricks and mortar banks... Bank is supporting mainstream America with CC, auto, mortgage and commercial loans -- not financial engineering to make Wall Street more prosperous...

    ATVB,
    Don
    Apr 23, 2015. 05:24 PM | 4 Likes Like |Link to Comment
  • U.S. Shale Oil: A Grand Parade Of Cost Improvements [View article]
    Richard -- as always, thanks for great work!

    I've held a portfolio of small/mid cap shale E&P names for the past several years - typically around 6 names. But, I currently hold only Sanchez ($SN) and Lonestar ($LNREF) in the Eagle Ford. What is stunning about these names is how the market continues to miss-pricing these names. In part, as you pointed out, miss pricing is caused by the market not understand just how far cost reductions have helped offset wellhead prices. Sanchez -- after its fabulous report yesterday continues to sell off. Earlier, Mr. Market whipped Sanchez down from $38.95 to $6.63 in the shale E&P panic selloff. Yes, shares have recovered somewhat, but still nowhere they should be based upon the fundamentals. Likewise Lonestar took a similar beating going from $.60 down to $.12/sh. (Thank goodness a 50:1 RS split is in the works and they will be able to find themselves off the the pinks...)

    But, the key point I wanted to make is that great, experienced teams are able to manage and ride out these cycles. (On the other hand, some companies run by financial 'wizards', levered plays thinking the $100 oil music would never stop. Then they were left without a chair when the music stopped. ) IMHO, both Sanchez and Lonestar have deep, superior management. They now have operations and leverage well under control and are at least cash flow neutral or positive for ops and capex at today's BOE prices. I'm especially encouraged that Lonestar has retained the services of John Pinkerton (former founder/CEO of Range Resources) to help mange these times. Maybe oil has bottomed and both of these companies deserve to come out of the dog house...

    ATVB,
    Don
    Apr 23, 2015. 03:18 PM | 4 Likes Like |Link to Comment
  • Schwarzman Is Cautious, But Blackstone Is Raising $350 Million [View article]
    "The problem has been that the stock has been moving steadily higher for several months without much of a pullback."

    The train has left the station and you're hoping for a breakdown -- I don't believe this is going to happen... Mr. Schwarzman fully recognizes that BX has been undervalued by a market that confuses Blackstone with Black Rock. He is out to fix this -- listen to the last few CCs.

    BX forward dividend yield is now 8% and a higher dividend yield is part of the company's strategy to boost market acceptance of the company.

    Finally basing an article on BX investing $350M is like you just found change under the couch cushions. Seriously?

    BX is a fantastic core holding and unfortunately, it appears that you have not figured this out yet. Nevertheless,

    All the very best,
    Don
    Apr 23, 2015. 09:49 AM | 17 Likes Like |Link to Comment
  • Lonestar Resources Is A Great Value Long Term For Your Portfolio [View article]
    TxGoofer...
    Well, I believe we're right down the fairway with a 320 yard drive. Clean 6 iron into a center pin for a 'green light' special..

    The only problem with Lonestar remains their Australia primary listing and the fact that NO ONE is following this puppy.

    If oil has bottomed, and I believe it has, $LNRF has also. Anything in this range is a steal as we'll have easy schmeezie $17.50 to $20 by EOY (R/S adjusted...)! Calling a bottom here is cake...

    ATVB,
    Don
    Apr 17, 2015. 08:11 PM | Likes Like |Link to Comment
  • Lonestar Resources Is A Great Value Long Term For Your Portfolio [View article]
    Thanks Dan...

    I'm a bit surprised at the $DD&A number -- but my big concern is cash -- not non-cash expenses. My thinking is that they discuss 2,500 BBD being hedged so we're at or above the $60/Boe hurdle in 2015 with WTI currently in the low $50 range. So, after the R/S hysteria passes, I speculate that the company is good to go with their growth plans and yes, new equity. Mr. Pinkerton did not join the BOD to play Texas Holdum -- but rather Texas Buyem...

    ATVB,
    Don
    Apr 11, 2015. 09:52 AM | 1 Like Like |Link to Comment
  • Lonestar Resources Is Hilariously Undervalued Right Now [View article]
    @Eckman1...

    I'm delighted that you're in the Lonestar camp -- but I would caution you to noy try and pick the bottom with the "below 13 cents" idea. While I don't expect any short term move until after the R/S, you might want to take advantage of the 13 cent range. We could be at 15, 16, 20 cents in a heartbeat and you'll be sorry about missing the 13 cent buy. In the long run, if the company performs as we expect and the Street finally catches up to the name, the penny will not really make any difference...

    ATVB,
    Don
    Apr 9, 2015. 10:12 PM | 4 Likes Like |Link to Comment
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