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  • PTGI: Liquidation Arbitrage Opportunity With Little Downside And +50% Potential Upside [View article]
    Hi All,
    I’m curious to hear everyone’s take on the Harbinger announcement this week. I have to admit I’m not sure what to make of it. I believe this is either an incredible opportunity or some sort of trap. We can assume Phil Falcone sees significant upside from $4/share and so to now have the opportunity to buy shares at $3.25 suggests a tremendous opportunity. On the other hand, I’m not sure about his true motives and wonder, now that he has effective control, whether there is a way he could screw over other shareholders. I guess it’s the unconventional way he acquired his position that is setting off my “Spidey senses”.

    In any case, I’d also like to thank the original poster for a great call. At this point, I have a mid-sized position and I’m debating whether to back up the truck or just cash out completely based on the Falcone news. It would be great to hear others’ perspectives.
    Jan 12, 2014. 11:26 PM | Likes Like |Link to Comment
  • IPO Preview: ZAIS Financial [View article]
    Understood. Thanks for the response.
    Feb 13, 2013. 02:41 AM | Likes Like |Link to Comment
  • IPO Preview: ZAIS Financial [View article]
    Hello IPOdesktop,
    Thanks for the writeup. I have a question on the current book value. You mentioned ZFC priced at $21.25 or 0.9x book value, which would imply book value to be $23.61 by my math (21.25 / 0.9 = 23.61). Yet when I read the S-11, book value as of 12/31/12 is listed at $21.61 (p30). Am I missing something? Could you let me know how you're deriving your book value?
    Feb 10, 2013. 04:20 AM | Likes Like |Link to Comment