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Sailfish

Sailfish
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  • With GRAS Status In Hand, It's Close To 'Go Time' For Senomyx's Partners [View article]
    Great news today.
    Apr 9 08:26 AM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    I was shocked that Dan lost his proxy battle. I thought he layed out his case quite well also he has a great track record once he gets on board. Stupid BID shareholders.
    Apr 7 10:51 AM | Likes Like |Link to Comment
  • Let's Talk About SAEX, Baby: Bull Vs. Bear Debate On SAExploration [View article]
    What does that translate into EPS in your estimation. The reason I ask because most stock screens use EPS. Thanks
    Apr 4 10:02 AM | Likes Like |Link to Comment
  • Let's Talk About SAEX, Baby: Bull Vs. Bear Debate On SAExploration [View article]
    Sorry Mike I could not wait for your answer :). I bought 5,400 more shares in the pre-market @ $9.55. I am now averaged in just below $8.00 a whole bunch of shares.
    Apr 4 08:37 AM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    So far Dan is beating out Dave in 2014 based on the investment performance results released the other day. Still long both GLRE and TPRE and rooting for both these guys.
    Apr 4 07:48 AM | Likes Like |Link to Comment
  • Let's Talk About SAEX, Baby: Bull Vs. Bear Debate On SAExploration [View article]
    Mike by the way I think SAEX will earn around to $2.00 per share in 2014 so my upside target is much higher than $13.
    Apr 4 07:31 AM | Likes Like |Link to Comment
  • Let's Talk About SAEX, Baby: Bull Vs. Bear Debate On SAExploration [View article]
    Mike, can we extrapolate the fourth quarter 2013 fourth quarter fully diluted EPS of $.34 a share for 2014. In other words is SAEX going to make north of $1.36 a share EPS in 2014 in your estimation ? if this is the case, the estimates need to be upped since 2014 consensus is $1.10 a share on $310 million of revenue. The company is guiding $400-450 of revenue for 2014. Obviously this stock does not screen well with these non updated analyst estimates. I am thinking at a minimum SAEX should be currently trading at $13 or 40% higher.
    Apr 4 07:08 AM | Likes Like |Link to Comment
  • With GRAS Status In Hand, It's Close To 'Go Time' For Senomyx's Partners [View article]
    It was good to see SNMX Director Herman buy $300,000 of stock in the open market at these higher prices the other day.
    Mar 20 08:29 AM | Likes Like |Link to Comment
  • With GRAS Status In Hand, It's Close To 'Go Time' For Senomyx's Partners [View article]
    The GRAS FDA approval is not needed for the Pepsi go ahead the GRAS FEMA approval gives them the all clear.
    Mar 13 10:55 AM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    The other D did not do as well but he just announced a big Greek Bank investment which the market seemed to like. I have been buying XL Capital the past couple of weeks at 80-85% of book. Looks like a turnaround situation.
    Mar 9 05:35 PM | Likes Like |Link to Comment
  • XL Group: Standing Out Among Its Peers [View article]
    I just started a position last week and have been adding on any dips. The financial metrics compared to it's peers appear to make this a bargain. I read the shareholder's letters and the CEO seems to be straight shooter. He spent a fair amount of time discussing the companies weaknesses and is addressing the situation. I like that the company is buying back it's stock below book. I would now like to see some insider buying. Nice report and I came to the same conclusions. P.S. I just did a quick visit to your website. I need to revisit it when I have some more time. It looks very interesting.
    Mar 6 07:14 PM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    Empty: I am looking at my investments in GLRE and TPRE from a different perspective than you. Correct me if I am wrong but I believe you view this as a trading vehicle: Buy at book and sell at some multiple above 1.2X book, repeat process. I am making the assumption that these guys can beat the market and get the insurance end to be profitable. Don't get me wrong I love to pick stocks but in this lofty market I am finding it harder to find good investments. I am not a trader and tend to own my stock picks for years since I hate paying taxes. Therefore I feel this is a good place to park some money and let these guys and their teams come up investment ideas. For 2013 GPRE increased it's book value by 27% and TPRE by 21%. Here is a example if I was trader I would have missed out on huge gains. I bought a bunch of UIHC shares just below $6 which was trading about 1.2 book at the time. I bought it because the insiders were buying it up like crazy. Today it is trading at 2.1x book at $14 a share. More insiders bought a few months ago at 1.9x book. I did lighten up last week but still have more than half my original position. I like the management team at UIHC. So I understand what you are doing but I have just have a different style of investing. Best of luck .
    Feb 27 02:37 PM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    Glre just reported a combined ratio of 97%.
    Feb 18 04:50 PM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    I have been ARCC forever.
    Feb 18 02:22 PM | Likes Like |Link to Comment
  • Third Point Lockup And Market Downturn Provides Shorting Opportunity [View article]
    Balance Sheet: No I did invest millions but in total I have a just under a million and got into GLRE first below book and TPRE after the small dip back down to the IPO price. I have added to TPRE on it's recent trip down to $15.25. I am pretty much a income investor. I am retired from Wall Street after 36 years. I worked at a major Brokerage house in the late 70's and then a major Hedge/LBO fund that had net annual compounded rate of return in excess of 21% until the founders retired. In our fund you needed to invest $10 million with a 3 year lockup. I have seen it all and have been humbled many times over the years. I love researching investments and picking stocks .I am not a day trader and most of my gains are long term. Since Fidelity keeps track of performance I am proud to say I have averaged just over 18% annually for the past 10 years. Investing is a combination of skill, luck and timing. In the 2008 downturn I had a good bulk of my net worth invested in U.S. government agency bonds that got called. So I had large amount of cash to invest in dirt cheap high grade corporate bonds, preferred stocks and blue chip dividend stocks. That is luck and timing because I was able to get in at the bottom. I currently feel that the market is quite frothy and I am having a difficult time finding decent investments. I kind of like theme investing in sectors that have gotten killed. My most recent theme investment is in closed end preferred stock funds. Back in September when interest rates spiked these funds got killed and traded at large 10%-15%discounts to NAV and yielded 9%. I bought a bunch of these and they have bounced back and are up about 10% plus I get paid the 9% dividend. Boring stuff. Now back to TPRE and GLRE, I think both these guys are smart and astute investors but I have also seen very smart guys self destruct as their ego's clouded their investment decisions. One thing I learned over the years is how to take a loss. I think Loeb knows how to take a loss better than Einhorn however I think Einhorn is the better researcher and the smarter of the two. If Ackman had a insurance company I would not be a investor since his ego is to much for me to stomach. I invested in Yahoo and was about to pull the plug with a small loss when Dan came in to save the day. Needless to say I became a big Dan fan. The key to a good investor is how they perform in down markets. Both of them pass this test in my opinion. I am comfortable with the two D's and feel they are honest and have the ability to adjust and tweak their investment styles to all the pitfalls and roadblocks that the market will throw in front of them. I am now done with my Manifesto. LOL
    Feb 17 12:34 PM | 1 Like Like |Link to Comment
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