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Sailfish

Sailfish
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  • Saratoga Investment Seems A Decent Investment Here [View article]
    Robin, can you envision any transaction with MCGC and SAR that might make sense? MCGC is sitting with a pile of cash and looking to do something, they hired Morgan Stanley?
    Mar 29, 2015. 07:40 AM | Likes Like |Link to Comment
  • Saratoga Investment Seems A Decent Investment Here [View article]
    Hi Robin next time I will be sure to use the word prudent instead of conservative when I know you are waiting in the wings . LOL . By the way I do not own any SAR debt but do own the ARCC and other financial preferred stocks that I bought in the 2008 crash for dirt cheap. Probably my best trade ever . I have reluctantly been triming my holdings very slowly in anticipation of the interest rate rise that has been coming for the past three years . I am starting to think that we might be cycling into another recession and they won't be able to raise . Sitting on pile of cash with zero long ideas kinda sucks. Always enjoy your well thought out input and insight. Thanks for your reply.
    Mar 25, 2015. 02:35 PM | Likes Like |Link to Comment
  • Saratoga Investment Seems A Decent Investment Here [View article]
    Robin I think you described management's conservative style best in the first paragraph of your 6/27/14 posting on Paulo's previous write up. Have you changed your view ?
    Mar 25, 2015. 12:46 PM | Likes Like |Link to Comment
  • Saratoga Investment Seems A Decent Investment Here [View article]
    Hi Robin, even if SAR pays out the dividend increase in stock you can always sell those shares for cash.
    With the stock trading at $15.50 which is $7.24 below NAV and a conservative management team I think think this the best value in BDC land. I also think SAR might be a great candidate for a takeover by another BDC. Obviously it would need to be a friendly deal due to heavy insider ownership.
    Mar 25, 2015. 07:14 AM | Likes Like |Link to Comment
  • Saratoga Investment Seems A Decent Investment Here [View article]
    My very conservative base case is that they increase the dividend to a run rate of $2 a share or and the stock re rates to a price of at least $18 a share. This would result in a 30% ROI inclusive of dividends if shares were bought today at $15.50 . At $18 a share the stock would still trade at a substantial discount to its NAV of $22.74. I think we will get a announcement on the future dividend increases next month.
    Mar 23, 2015. 11:29 AM | Likes Like |Link to Comment
  • Saratoga Investment Seems A Decent Investment Here [View article]
    In the last conference call the energy question was asked and the answer was that they have no loans to the energy sector. As far as the risk of a flood of shares coming out from the CEO's ex wife there are restrictions to prevent this. The CEO has first right to buy any shares she wants to sell. She also can only sell 1% of the outstanding in any three month period. This info is in the 13d 's they recently filed.
    Mar 23, 2015. 10:42 AM | Likes Like |Link to Comment
  • AV Homes: Undervalued Homebuilder With Near-Term Catalysts [View article]
    Based on today's earnings release you and the analysts will need to up the 2015 revenue estimates. I calculate 2015 revenue to be $435 million based on projections of units sold 1,600 at average $272,000.
    Feb 26, 2015. 06:01 PM | Likes Like |Link to Comment
  • Intelsat swings to profit for 2014 [View news story]
    They will be presenting this Monday at Raymond James conference. Hopefully they can address some of the concerns.
    Feb 24, 2015. 06:35 PM | Likes Like |Link to Comment
  • Intelsat: Reward Outweigh The Risks [View article]
    What is your current thoughts on I . Is this still a good bet .
    Feb 23, 2015. 07:50 AM | Likes Like |Link to Comment
  • AV Homes: Undervalued Homebuilder With Near-Term Catalysts [View article]
    AVHI has not yet reported their fourth quarter so the gross margin in the article were on TTM . In the last report 9/30/14 they reported 17.7% gross margins. If you read the CC transcript you they talk a lot about how they expect gross margins will improve . The accounting markup on the Royal Oak purchase had some impact last quarter .
    Feb 20, 2015. 06:25 AM | Likes Like |Link to Comment
  • AV Homes: Undervalued Homebuilder With Near-Term Catalysts [View article]
    Excellent write up. Thanks for sharing
    Feb 19, 2015. 06:57 PM | Likes Like |Link to Comment
  • Intelsat swings to profit for 2014 [View news story]
    These guys have over $10 billion in backlog. This is a long term investment. I will be adding here.
    Feb 18, 2015. 10:47 AM | Likes Like |Link to Comment
  • Don't Discount Bill Ackman [View article]
    Hi Chris. Went and looked up PSH and do not see it. I know it trades on London but does it trade in the states? Thanks
    Feb 11, 2015. 12:46 PM | Likes Like |Link to Comment
  • Cosan Ltd.: My Best Idea For 2015 [View article]
    Thanks
    Jan 29, 2015. 03:29 PM | Likes Like |Link to Comment
  • Cosan Ltd.: My Best Idea For 2015 [View article]
    Cash man what is your take on today's news . Thanks
    Jan 29, 2015. 01:48 PM | Likes Like |Link to Comment
COMMENTS STATS
210 Comments
469 Likes