Robin Heiderscheit

Robin Heiderscheit
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  • Agree To Buy Wells Fargo At $25, Beat The 'Best' CD  [View article]
    Apples to oranges but still a good thought experiment.
    Feb 9, 2016. 09:22 PM | Likes Like |Link to Comment
  • CMFN Has Earnings Beat - But A 10.8% Quarterly Decline In NAV  [View instapost]
    Wow, well they went into the downturn with overweights in energy, oilfield services, gaming, and the like so not a huge surprise but still . . . public a year and a half and 20% of NAV gone.
    Feb 9, 2016. 03:43 PM | Likes Like |Link to Comment
  • ACSF Reports NII Of $0.3066/share Compared To A Quarterly Dividend Of $0.291  [View instapost]
    Unlike some of their BDC cousins I suspect the NAV decline may overstate, for the moment their portfolio problems, because of the senior secured/syndicated focus they over overweight loans that have a Level 1/2 valuation so they are marketing to market rather than marking to model (haha) like some others.
    Feb 9, 2016. 09:39 AM | Likes Like |Link to Comment
  • MCC Reports NII Of $0.2783 Compared To A Dividend Of $0.30  [View instapost]
    OMG no wonder the sector is in a free fall. These reports today are terrible, just terrible.

    Thanks for the heavy lifting factoids.
    Feb 9, 2016. 09:33 AM | Likes Like |Link to Comment
  • FSC Reports NII Of $0.1682/share Compared To A Dividend Of $0.18/quarter  [View instapost]
    Holy crap that was a bad report. I remember in 2014 when Todd took over and they slashed the dividend everybody said they didn't cut enough. Turns out they were right. I think a fair price here would be about $4.50, applying an 8x multiple to NII minus long run portfolio depreciation.
    Feb 9, 2016. 09:31 AM | Likes Like |Link to Comment
  • BDC Valuation Update For 2-05-16  [View article]
    Management skill is why you want to avoid Gladstone vehicles . . . he has been a capital incinerator since the 1990s, although very charming and quite good at fund raising!
    Feb 9, 2016. 09:29 AM | Likes Like |Link to Comment
  • Sparton Corp. Q1 Results Come In Ahead Of Expectations  [View article]
    Thank you Andrew no I haven't followed SPA for a long time (I believe I owned it from $6 to $11).

    You should do a quick article, I think people would really appreciate it!
    Feb 8, 2016. 08:52 PM | Likes Like |Link to Comment
  • Buy Vringo's Businesses For -24 Cents A Share  [View article]
    Any idea what the cash burn rate is at this point?
    Feb 8, 2016. 03:27 PM | Likes Like |Link to Comment
  • BDC Valuation Update For 2-05-16  [View article]
    Tack, PFLT's revolver uses cost rather than fair value to determine covenant compliance.
    Feb 8, 2016. 11:16 AM | 1 Like Like |Link to Comment
  • Sparton Corp. Q1 Results Come In Ahead Of Expectations  [View article]
    Does the author or Mr. Shapiro who has been a long time investor here have anything to add about the sudden departure of Mr. Wood? I haven't followed this recently but I thought he was doing well?
    Feb 8, 2016. 10:26 AM | Likes Like |Link to Comment
  • Love Them Or Hate Them, Mortgage REITs Don't 'Really' Deliver  [View article]
    haha very good post willtrd, most hedging programs are set up so the mREIT goes broke slowly rather than all at once, thereby maximizing long term management earnings, classic principal-agent conflict problem
    Feb 8, 2016. 09:09 AM | 3 Likes Like |Link to Comment
  • Tableau: BI Tailoring For Deloitte Is Just One More Reason To Be Bullish  [View article]
    Dallas do you think anything has changed fundamentally after the latest earnings? The $40 Apr put at about $6 has an IV of 171 and gives you an entry point of $35.
    Feb 5, 2016. 05:04 PM | Likes Like |Link to Comment
  • 'I Went To Cash Today'  [View article]
    I'm stealing that line!
    Feb 5, 2016. 04:10 PM | Likes Like |Link to Comment
  • 'I Went To Cash Today'  [View article]
    haha well you got me there . . . I have actually been long, strong, and today anyway wrong since January 20, which I saw as double bottom with August . . . after today I think I am going to have to back and revisit some of my assumptions
    Feb 5, 2016. 04:09 PM | Likes Like |Link to Comment
  • LinkedIn: An Attractive Long Speculation  [View article]
    Sold a couple of Feb. 19 $90 puts for $2 . . . never sold an option before with IV of 271. This could easily go back to $75 IPO price next week so it may be expensive entertainment!
    Feb 5, 2016. 04:05 PM | Likes Like |Link to Comment
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