Seeking Alpha

writser

writser
Send Message
View as an RSS Feed
View writser's Comments BY TICKER:
Latest  |  Highest rated
  • The Price Is Wrong: Greystone Logistics At 5X Earnings [View article]
    Arthur, I stand corrected on the employee statement. My bad, should've put some more thought in it. Your insights are appreciated. I own some shares as well but just wanted to point out the bear side. I think some people here are be a bit too optimistic about GLGI.

    - If they issue a press release about a 'test phase' with AB wouldn't they issue a press release if a final contract had been signed? The inventory buildup seems a bit strange in that light.

    - Why don't they use the revolving note @ ~4% to pay off the insider note @ 7.5%?

    Things can work out very well if everything works out as expected but let's face the facts: they're just a small, heavily leveraged commodity seller. There's definitely no margin of safety here.
    Apr 15 02:22 PM | Likes Like |Link to Comment
  • The Price Is Wrong: Greystone Logistics At 5X Earnings [View article]
    Ever the optimist :) Could just as well be that they're stuck with them. Gross margin on pallet sales decreased from 84% to 76% and they fired 13 employees. No news on the AB deal and other big customer is buying less. They didn't use the new loan facility to repay all insider loans. Could be better.
    Apr 14 05:24 PM | 2 Likes Like |Link to Comment
  • The Price Is Wrong: Greystone Logistics At 5X Earnings [View article]
    Agreed, interesting find. What you didn't even mention was that mgmt was trying to take the company private. That is probably a good thing (they think it's undervalued) but as a minority holder you risk getting screwed over.
    Apr 1 12:08 PM | 2 Likes Like |Link to Comment
  • Tower's Merger Offers Opportunity For Double-Digit Annualized Returns [View article]
    The Bear case:

    http://bit.ly/1i0nkon
    Mar 27 07:08 PM | 1 Like Like |Link to Comment
  • Global Sources: Special Situation And Value [View article]
    Most likely the founder wants to cash in a portion of his shares.
    Mar 16 06:29 PM | 4 Likes Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    I'm proud of that. If only it was true too at the poker table.
    Feb 5 09:06 AM | Likes Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    Yeah, but it might be a better deal for some readers right? Wouldn't it be decent to point that out instead of encouraging everybody to "Just click on "motif Investing"?" Especially given that "the idea of this blog is frequently "everyday arbitrage" opportunities for free money."

    Isn't everybody better off (except for Chris) by knowing about this alternative?
    Feb 3 11:54 AM | 2 Likes Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    It looks like your version of ethics is: "have interests that overlap with what you DON'T say". Because, as has been pointed out, if you really want to help your readers there is a better $150 deal available at Motif. But your best advice is (literally quoted):

    "please click on the “motif” hyperlink above"

    "Just click on "motif Investing" above to open an account"

    Very mature behavior from an extremely rich hedge fund manager with lots of good ideas (really) and gazillions of his own money at stake.
    Feb 3 11:36 AM | 3 Likes Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    If you don't use Chris' link you actually get a free $150.

    http://bit.ly/1djzvc5

    Even better right?
    Feb 2 12:29 PM | 4 Likes Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    At least he is upfront about his own financial incentives: "WE will both get $50 out of the deal." as opposed to:

    "Additional disclosure: YOU will get $100 when you open a new Motif account and place a motif trade such as Stone Pier Value – Return Focus or Stone Pier Value – Stability Focus."
    Feb 2 09:35 AM | 1 Like Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    You miss the point. Exploiting opportunities is great, but you _intentionally_ do not disclose your own incentives in the article. I really don't understand why you, being a professional hedge fund manager, do that. You should (and you should want to) err on the side of caution whenever there is even the slightest chance of a conflict of interest arising. Now I'm obviously nitpicking a bit, but it's a slippery slope. Posts like this make me wonder what the main source of your income is: A) managing a hedge fund or B) profiting from affiliate deals and other promotions. If it is A, why don't you add a honest disclosure to your post?

    This article made a few people wonder about your intentions and you ended up arguing with a random internet troll. But your upside is limited to a 0.000000000001% (I hope I counted the zeroes correctly) increase in net worth. I really don't understand why that would be a good deal for you, unless point B is more important to you than you want us to know.

    Even if that is not true, that is the impression this post gives to a couple of people, and that is exactly the reason why you shouldn't post it. Warren E. Buffet would never publish such an article, or add affiliate links to his annual reports. "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.".
    Feb 2 07:08 AM | 3 Likes Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    I think it's a bit strange that you only 'disclose' that the reader gets $100 for opening an account. That's not a disclosure but a promotion. A disclosure would also contain the fact that you earn money when people open an account and/or follow your portfolios. Also,

    "If a product or service promoted online is intended to be (or can be) purchased from “brick and mortar” stores or from online retailers other than the advertiser itself, then any disclosure necessary to prevent deception or unfair injury should be presented in the ad itself — that is, before consumers head to a store or some other online retailer."

    From the FTC guidelines for online advertising (http://1.usa.gov/Mog7oi).

    Why did you not include it in the article anyway? It would be honest and will probably not scare away anybody. Sneaky affiliate links are something I associate with porn and gambling website and you are better than that. Anyway, I'll stop nitpicking about it. Maybe you just forgot it. Keep up the good work and have a nice weekend.
    Feb 1 06:36 PM | 1 Like Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    It could be a very good deal, but it would be nice if you mention in the disclosure that you earn $100 as well if people open an account using your link. Commission-based investment advice is not always the most objective.
    Feb 1 05:55 PM | 1 Like Like |Link to Comment
  • 10% Guaranteed Return* [View instapost]
    Using your respectable SeekingAlpha username to steer users to an expensive broker and earning money through your affiliate plan probably also makes a nice return.

    I usually really enjoy your posts but this is a bit too promotional for me.
    Feb 1 03:46 PM | 3 Likes Like |Link to Comment
  • Solitron Poised For Value Creation With Activist Investors Getting Involved [View article]
    nice idea.
    Nov 5 10:52 AM | Likes Like |Link to Comment
COMMENTS STATS
22 Comments
17 Likes