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  • Short Kandi: A Misplaced Bet? [View article]
    Berkshire Hathaway was a mill manufacturing rayon, making parachutes during world war II, and had about 70% of the suit liners market during the time that WB began to accumulate shares in a tender arbitrage strategy he was employing. Seabury Stanton was running the place and tried to chisel WB on a tender of what was about 2% less than what they had agreed to, so WB stuck it to him to prove a point and took over the company. It was not founded by WB, nor was it a reverse merger. WB has many times speculated that he would be worth 2x as much if he just accepted the deal from Stanton.
    Jun 23 01:28 PM | 2 Likes Like |Link to Comment
  • Xinyuan Real Estate: 5 Things You Should Know Before You Buy [View article]
    Properties around the Kent Ave property in Brooklyn are selling for about 1-1.5 million apiece. This looks like a 217 unit property so roughly $217-325 Million? The current market cap in the 300 million range. Plus the land in Nevada and Irvine, CA The price paid for the Kent site was 31 million. So just using the value of US holdings may be enough to liquidate bond debt and price is an option on China holding. This looks like a good deal from TPG perspective. So current price is a free option on all China property in the most populous country, China. I keep looking for reasons to stay out of this name but these numbers are compelling.
    May 20 09:09 PM | Likes Like |Link to Comment
  • What Seeking Alpha Is Doing To Prevent Paid Stock Promotion [View article]
    The 'crowd' read commenters, writers, readers, fomenters, dissenters, pumpers and dumpers, wannabe's and usetabe's, seems to resemble that manic depressive that has a farm next door -everyday yelling a price across the fence he will buy or sell to you. All of this is very helpful to the enterprising investor. The market/crowd will always be vacillating and duplicitous. This is the greatest gift of the market.
    Mar 29 08:24 PM | 1 Like Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    I just bought a $1 bill for a nickel. I was filled at $.032 today…this represents a purchase price of 1/20 of the book value per share ($0.64 BV/share) (or a 95% discount if I understand the book value correctly as reported on Scottrade). It seems to me from my limited knowledge of BK that there will be assets left over to pay at least 20% of book value out to shareholders. That would still give a 4x return at these levels. I could be wrong and may have a total loss but I think there is value in these assets.
    Jan 27 03:31 PM | 1 Like Like |Link to Comment
  • American Lorain, An Undervalued Opportunity [View article]
    Dutch Trader, I have enjoyed your articles, I am glad you are back to following. I took a position in this and CMFO a couple months back. Do you have any insights on CMFO also another chinese food/fish processor. They recently built a warehouse that cost more than the current market cap. But also have had some upper management turnover. The risk reward seems similar to ALN imo. China Green Ag is also in your portfolio, are you still adding to that position?
    Jan 27 03:06 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Add me to that list. Are you continuing to add to your position at these levels?
    Nov 20 12:56 PM | Likes Like |Link to Comment
  • Sardar Biglari Devilishly Sidesteps His Hotly Debated Compensation Scheme [View article]
    So if he gets 10 mil compensation, 3 mil (30%) goes to stock purchase, 3.8 mil (38%) goes to uncle Sam. So he is left with 10- (3) - (3.8) = 3.2 mil after tax compensation. Assuming this all comes as ordinary income to him. It does seem that he differs in his regard for shareholders vs. the Buffet Munger combo, even so I am long BH at $365.
    Sep 12 03:15 PM | Likes Like |Link to Comment
  • Xinyuan Real Estate Property Visit Highlights Promising Outlook [View article]
    Nice, work, excellent first article, congratulations on the post. I like the boots on the ground investigation. Would like to see more of this with Chinese listed companies.
    Sep 11 02:05 PM | 10 Likes Like |Link to Comment
  • Sardar Biglari Devilishly Sidesteps His Hotly Debated Compensation Scheme [View article]
    Sardar is required to use not less than 50% of his compensation to purchase BH stock on the open market.
    Sep 10 06:08 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    My open order was recently filled at .13
    Aug 10 08:04 PM | 1 Like Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    This is tanking, would you still recommend being a buyer at this time in the .13-.15 range?
    Jul 22 05:47 PM | 1 Like Like |Link to Comment
  • Why We're Boosting Payments To High-Value Contributors [View article]
    Motley fool already seems to have a setup for tracking that is 80% noise from what I can tell, not really helpful to me. In reality it will take 5-10 years to know who had the "weighting machine" VS "voting machine" I like the idea of those who pay allocating 50%, the editors allocate the remainder based on their own metrics. Paying users are then partners. I have read articles that make me think different and may not make money from the article idea but if it gives me a "mental model" that allows me to recognize a "one legged man in a ass kicking contest" that provides real long term intangible value.
    Jun 8 03:39 AM | 2 Likes Like |Link to Comment
  • Xinyuan Real Estate Corporation Could Be The Next 5 To 10 Bagger [View article]
    Raining, I question why XIN is issuing debt at 13% if they are so flush with cash? It is hard to make money on those numbers. Also the retirement of the CFO startled me out of the stock recently at $4.55 I have been long since 1.80. It does appear to be the cheapest equity on the NYSE.
    Jun 6 09:41 AM | 1 Like Like |Link to Comment
  • Buffett's Brilliant Move With Goldman Sachs [View article]
    985438 you are right about the 1031, my mistake. I though warrants may fall outside the definition, but stock in exchange for warrants surely fits as a security. It looks to me like Uncle Sam is going to have to wait for his pound of flesh on this one.
    Mar 29 05:52 PM | Likes Like |Link to Comment
  • Buffett's Brilliant Move With Goldman Sachs [View article]
    I think this will be considered a 1031 exchange for Berkshire, which promises not to exercise its right to purchase 9% of the GS company in exchange for 2% of the company That seems to me the purpose of the like kind 1031 exchange in the tax rules. This is less dilutive than the alternative to current GS shareholders. GS likes it because they are buying back warrants for stock, and Berkshire likes it because they get something for nothing. When Buffet sells this position it will be a long term capital gain from a basis of 0$ I think, can anyone clarify the basis in the 2% positon?
    Mar 27 07:40 PM | Likes Like |Link to Comment
COMMENTS STATS
57 Comments
55 Likes