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Deepv

Deepv
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  • Kindred Biosciences: Unique Veterinary Drug Company Trading At 1.2 Times Net Cash [View article]
    Bruce: My largest position Seaboard holds no conference call. I bought it for $999 share.
    Apr 11, 2015. 04:15 PM | Likes Like |Link to Comment
  • Kindred Biosciences: Unique Veterinary Drug Company Trading At 1.2 Times Net Cash [View article]
    I'd like them to focus on the drugs, not the analysts. However maybe they would like to be a private company at some point...
    Mar 31, 2015. 03:51 PM | Likes Like |Link to Comment
  • Morningstar on the St. Joe Company [View article]
    Notice CTO has been fabulous brothers...
    Mar 23, 2015. 02:32 PM | Likes Like |Link to Comment
  • Kindred Biosciences: Unique Veterinary Drug Company Trading At 1.2 Times Net Cash [View article]
    Years Himself
    Mar 23, 2015. 02:32 PM | Likes Like |Link to Comment
  • Is Barrick Gold A Candidate For Bankruptcy? [View article]
    You might want to post your credentials because you are not making any other points 60. For example, you comment strongly on GG b/sheet weakness but do not mention say net debt levels, interest cover, credit ratings or anything at all relevant to provide a basis. This makes me wonder if you know what you are talking about.
    Mar 17, 2015. 12:14 PM | 1 Like Like |Link to Comment
  • Is Barrick Gold A Candidate For Bankruptcy? [View article]
    ABX has b/sheet "issues" that is clear. However it is not going bankrupt. It's under new management and has several levers to pull. In general the fact is the senior minors have ACCESS TO THE CAPITAL MARKETS and are not going bust any time soon. Exhibit A is ABX 163.5m secondary offering on 11/14/13 for C$19.15. Better choices for me in terms of QUALITY gold miners are GG, AEM, and GOLD. If I wanted to take on more balance sheet risk I'd go with AU and then maybe ABX. The sad truth is that it's a difficult period for gold price and we don't know how long that lasts. As a result I am willing to take on income statement risk that comes with territory, but not BOTH I/s and excessive b/sheet risk. My game is to buy the quality and bet they will thrive in shakeout (RANDGOLD #1 easily in this regard).
    Mar 16, 2015. 03:43 PM | Likes Like |Link to Comment
  • Is Barrick Gold A Candidate For Bankruptcy? [View article]
    60337400,
    Yes, actually I do. Of course, I am a CFA Charterholder with 20 years in as a securities analyst. I have not owned GG stock for the past 10 years. For the record though if you look at the "stocks performance" over 20 years through 2/27/15 GG is up 1,884% including divys, which is 6x+ the return of say KO or nearly 3x P&G. Deep
    Mar 16, 2015. 03:40 PM | 1 Like Like |Link to Comment
  • Is Barrick Gold A Candidate For Bankruptcy? [View article]
    Goldcorp has one of the best b/sheets among gold mining majors. Death throe?
    Mar 16, 2015. 10:22 AM | 1 Like Like |Link to Comment
  • A Bear Market Is Unlikely In 2015 [View article]
    2011 was not a bear market to anyone but you it seems.
    Mar 16, 2015. 09:23 AM | 1 Like Like |Link to Comment
  • A Bear Market Is Unlikely In 2015 [View article]
    "There have only been 10 bear markets since 1960." There have only been about 55 years since 1960 too. So that's 1 out of 5.5 years. There you go. The tone at SA has changed radically. In 2009-2011 there were real bears. Now not so much. Most really smart fundamental guys like Grantham and Klarman have been warning for some time. They are usually quite early on such calls.
    Mar 13, 2015. 10:04 AM | 9 Likes Like |Link to Comment
  • Wintergreen Takes An Evergreen Approach To Stock Selection [View article]
    He's not worth it. He runs a diversified portfolio with high covariance to World Index. If he adds 200bps annaully above a global benchmark (available for say 20bps at Vanguard) that would be amazing. But you as investor would just get the index return. All that said I like his ideas and style. He does tend to ride stocks down and get out just as they rebound though (to take tax loss?). Also too many tobacco names. How many do you need ?
    Mar 9, 2015. 10:02 AM | Likes Like |Link to Comment
  • C&C Group - A Recent Addition To Third Avenue Funds [View article]
    I like C&C a lot and know it well (I've visited factory outside Dublin for exampe). Stock got broken on pub issue and current trading weak. Still they dominate Ireland and Cider is taking off globally. I saw Heinekn report that cider category globally is growing 2.5x faster than beer. So there are opportunities -- not sure why they fumbled so bad In USA and let SAM take the market.
    Anyway on your point about Third Avenue -- it really doesn't have a "great record", expecilly on the small cap side. At least not in last (6-7 year). They aren't run by Whitman anymore and have lots of new managers. It is just a brand.
    The TAV program/process seems excellent but execution has been poor. Worse during the crisis they told us that names like Forest City had "super strong balance sheets" when that wasn't even remotely the case and too many of their names proved distressed (zero would be the right number if you tout "safe"). A good source of ideas nonetheless. DeepV
    Mar 4, 2015. 03:57 PM | Likes Like |Link to Comment
  • The Bleeding In Alamos Gold Shares Is Over [View article]
    I like gold companies with cash. IT is a bit disengenious to like gold and then buy enterprisies that owe mega $$$.
    Feb 25, 2015. 11:50 AM | Likes Like |Link to Comment
  • Key Takeaways From Yamana Gold's 4Q Report [View article]
    Do we really think AU, NEM, ABX et all have better management than AUY? The only two companies I know with good management are GOLD and AEM.
    Feb 19, 2015. 09:24 AM | Likes Like |Link to Comment
  • Key Takeaways From Yamana Gold's 4Q Report [View article]
    Management isn't 50% worse than a year ago.
    Feb 18, 2015. 11:46 AM | 1 Like Like |Link to Comment
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