Send Message
View as an RSS Feed
  • GM: Disaster?  [View article]
    Why do I think investors are confusing GM pre 2008 with GM today?Is it FOX news and bailout that confuses people?The balance sheet and reorganization destroys much of the cyclical argument that existed when they had debt and old factories with high fixed costs. Company is totally different. At 26% cash flow yield they can arguably buy their whole company back on coming years....
    Feb 10, 2016. 09:04 AM | Likes Like |Link to Comment
  • GM: Disaster?  [View article]
    Redemptions, algos, stop loss discipline, fear. Dont see many better values in the entire market. I guess you have to buy your straw hats in the winter.
    Feb 10, 2016. 08:57 AM | Likes Like |Link to Comment
  • GM: Disaster?  [View article]
    Some of these comments tell you that they do not understand valuation or fundamentals. It is clear this stock is a tremendous value. Huge sustainable dividend, free cash flow and great balance sheet. Stock drops on negative momentum. Buffet and smart money are accumulating. I will admit I would never have believed stock would be this low given excellent fundamentals. Of course that is why it is such a great opportunity.
    Feb 3, 2016. 01:28 PM | 7 Likes Like |Link to Comment
  • Zika Virus: Ebola 2.0 For Airlines?  [View article]
    I guess there must be 300 million pregnant women flying south? Most pregnant women don't even fly.. Airlines are so ridiculously inexpensive they will be using their cash flow to buy back all their stock. Activists may revisit space at these prices....
    Jan 29, 2016. 12:08 PM | 1 Like Like |Link to Comment
  • Nasty post-earnings price action in BofA  [View news story]
    I am assuming when they are allowed they will use their billions (BILLIONS) in earnings to buy back stock below book. That is a return on capital that is better than any loan they can make. Management should make that clear. It will be lucrative for remaining shareholders. The 2+% in energy loans, mostly to excellent credits are almost immaterial relative to the billions they have paid out each year since crisis. These payments are all but over. Market is giving the bank and shareholders a gift. They make multi-billions with a flat curve. Add in some more cost cutting and it grows. If rates go up because of the economy that is just a huge call option.
    Jan 21, 2016. 05:28 PM | 1 Like Like |Link to Comment
  • If Everything Is So Good, Why Do We Feel So Bad?  [View article]
    CNBC is full of cheerleaders and momentum/technical investors. The rare negative reps are outside corporate america and Wall Street/Money management business and are usually only allowed after market closes, like Jim Grant.
    Dec 22, 2015. 08:31 AM | Likes Like |Link to Comment
  • Yahoo: Is This The End Game?  [View article]
    Dont for get the sizeable cash per share YHOO has.
    Dec 9, 2015. 08:35 AM | Likes Like |Link to Comment
  • Pendrell Corp.: The 'Paul Tudor Jones Playbook': Asymmetry, Trading Near Cash, Imminent Catalyst  [View article]
    With all the tax motivated trades going on I would like to see author highlight what the billions in tax losses are worth in present value. If McCaw can use his cash or some combination of PE to combine with a profitable firm it will be better than an inversion.
    Nov 23, 2015. 09:57 AM | Likes Like |Link to Comment
  • Pendrell Corp.: The 'Paul Tudor Jones Playbook': Asymmetry, Trading Near Cash, Imminent Catalyst  [View article]
    Many other patents, cash at .60 cents per share and more than a billion in tax benefits available in a combination of some kind. Disappointing they did not win against apple but that was a 5-1 long shot. Many more call options here. Craig Mccaw and Time Warner will find away to monetize this for us. Just have to have patience. Might get be opportunity to add for long term today if some dump after verdict. Problem with investments like this is that you dont know how long before good things happen. Seems like we are going to be waiting again. If you call company they will let you know there is value to all the patents and tax loss carry forwards. Its pretty clear it will be a winner from these levels. Just getting tired of waiting.
    Nov 23, 2015. 08:32 AM | 1 Like Like |Link to Comment
  • Pendrell Corp.: The 'Paul Tudor Jones Playbook': Asymmetry, Trading Near Cash, Imminent Catalyst  [View article]
    McCaw increasing stake may cause change of control that might negate value of tax loss carry forwards?Just a guess because otherwise the risk reward is compelling.
    Nov 18, 2015. 09:24 AM | Likes Like |Link to Comment
  • Pendrell Corp.: The 'Paul Tudor Jones Playbook': Asymmetry, Trading Near Cash, Imminent Catalyst  [View article]
    I don't know if odds of win are that high. However I do know that the real money is licensing agreements with all the big boys upon establishment of damages that may add recurring revenue. PCO/ Contentguard paid a price for a massive amount of NOKIA patents at an undermarket price because NOKIA told me that enforcing them at the time would have alienated their biggest customers. So they sold them to PCO. Remember one win in certain areas will enable them to cut deals with many others using technology whom will recognize that fighting precedent is costly and potentially fruitless. Question, what is the present value of billions in tax loss carryforwards in this inversion filled world of tax avoidance? A merger in which a holding company of PCO purchases a company with taxable earnings could be a home run for both. A third party PE financier at these low rates could be a facilitator. Mccaw is not without contacts...
    Nov 18, 2015. 09:22 AM | 3 Likes Like |Link to Comment
  • Pendrell Corp.: The 'Paul Tudor Jones Playbook': Asymmetry, Trading Near Cash, Imminent Catalyst  [View article]
    Nice article. I have been long for some of the same reasons. Multiple catalysts make this an attractive call option with explosive potential and limited downside. Tax loss carry forwards and patents make this a reverse merger candidate. Hoping I wake up one monday with a deal. Surprised it has taken so long to attract someone. I think the natural buyers might be reluctant to get in bed with someone asserting patent rights against so many huge players like AAPL GOOG Samsung etc..
    Nov 17, 2015. 08:04 AM | Likes Like |Link to Comment
  • The Bear Case Against American Airlines  [View article]
    The return for buying back stock is unbelievable good at these levels EV/EBITDA. New planes retain most of their value for many years. Industry is now closer to an Oligopoly. Much different than in the past.
    Oct 1, 2015. 12:01 PM | 1 Like Like |Link to Comment
  • General Motors Will Be Snagged In The Volkswagen Scandal  [View article]
    Volkswagon cheating may be why Opel has had difficulty making money. Consumers may now flock to Opel as alternative and it may finally start making money. Definitely a positive for GM just a question of marginal positive or huge positive.
    Sep 24, 2015. 09:36 AM | 9 Likes Like |Link to Comment
  • GM Settles For Only $900 Million: After Years Of Waiting, We Own It Now  [View article]
    This company provides and excellent yield, free cash flow, stock buyback, great balance sheet. An activist, now that settlement is behind them ,can now make a serious run at this company and finance most of purchase with the company's own cash and balance sheet. Look at the margin of safety. Look at cash per share.
    Sep 17, 2015. 08:57 AM | 3 Likes Like |Link to Comment