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fxfx

fxfx
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  • Accelerate Diagnostics' Big Lie Exposed By SEC - $1.00 Target Within 18 Months [View article]
    What have they "done before"?
    Jul 30, 2015. 05:14 AM | Likes Like |Link to Comment
  • Accelerate Diagnostics' Big Lie Exposed By SEC - $1.00 Target Within 18 Months [View article]
    yet they silently omit the CENTRAL piece of their "technology" from their filings now. I would say, after going through said exchange between the SEC and the company I see this as a classic confirmation bias case. You simply read into that exchange what you want to read, being obviously a staunch bull on axdx. No problem with that on my part - just enjoy the cool-aid.
    Jul 30, 2015. 04:57 AM | Likes Like |Link to Comment
  • Accelerate Diagnostics' Big Lie Exposed By SEC - $1.00 Target Within 18 Months [View article]
    Joetek, hm , so "you know indivudals who follow the company's product closely". And you claim it is "definitely legitimate" - yet the company displays a complete (as in 100/100) failure to provide any proff to that - for ten years and counting! So all we have is your word - based on hearsay. (or just wishful thinking?)
    Jul 30, 2015. 04:45 AM | Likes Like |Link to Comment
  • Sears Holdings Valuation: The Transformation [View article]
    lesson1, I agree that SHLD stockholders could easily buy (or even switch over to) seritage, if they seriously believe that all the valuable stuff is now there. I have to disagree, though that ownership restrictions for REITs pose a serious hurdle. Fairholme already inked a deal to own a special class of Seritage shares effectively circumventing those hurdles. And proving, btw. that berkowitz sees a lot of value in seritage and plans to hold on to it. For otherwise, this deal would make little sense.
    Jun 22, 2015. 11:30 AM | Likes Like |Link to Comment
  • Sears Holdings: The Assets That Remain After The Real Estate Sale [View article]
    Sedric, there is a reason why hardly any 'institution' (read: mainstream mutual fund manager) owns SHLD. Hint: it isn't because they were all so smart. It is because your average institutional money manager would lose his job ( or his clients, and then later on his job) if he was holding on to an underperforming stock like SHLD for more than a few quarters. So even IF lots of mainstream mutual fund managers would agree with berkowitz, they would be way too scared to take on this much of career risk: ' Gee, this stock could double or triple or quintuple the money for my clients - but it may take a couple of years to do so and before the stock takes off I may have lost my job already. So I better keep swimming with the heard - owning aaple, Amazon , and all those popular stuff..." that's how 95% of fund managers think and act. I have to deal with these guys on a daily basis, rest assured, I know what I am talking about here.
    Jun 22, 2015. 11:11 AM | 3 Likes Like |Link to Comment
  • Sears Holdings: The Assets That Remain After The Real Estate Sale [View article]
    matthew, his buying and selling involves way too many shares too 'pump' the stock price. Rather, he seems to be selling some from time to time to meet redemption in his fund and buys them back when fresh money flows in. At least as important: there are restrictions as to how big a stake (percentage wise) a mutual fund is allowed to own in a publicly traded company. He stated several times that he isn't really allowed to own much more of SHLD than he does (otherwise he would). the same was true with LUK a few years ago and with MBIA. Apropos MBIA: he quickly sold out once he got the proof that his investment thesis didn't play out to the amount he had thought and planned for. That should give all those people reason to pause who argue that berkowitz is a 'clueless moron' who just 'throws good many after bad'.
    Jun 22, 2015. 11:04 AM | 2 Likes Like |Link to Comment
  • Sears Holdings: The Assets That Remain After The Real Estate Sale [View article]
    Sedric, you have it all backwards, again. Shielding properties from a possible bk is one thing. Betting on said bk is something else. Lampert is still following his plan to turn SHLD's retail ops around. Think of property shielding as planning for a very adverse outcome. Which may for instance be caused by factors totally out of SHLD's control, e.g. a deep recession in the U.S. Eddie's plan to turn retail around may be too ambitious, it may be smart, it may be dumb, it may be a guaranteed failure right from the start ... - who knows for sure? But the majority of eddie's net worth is still in shld common and he has not written that off, for sure. Your argument doesn't hold water.
    Jun 22, 2015. 10:53 AM | 1 Like Like |Link to Comment
  • Lawsuit Alleges Latest Lampert Deal Would Make Sears Insolvent [View article]
    Daniel, it's not always the writer, who is confused. Sometimes (and more often than many would think), it's in fact the reader who is. Just sayin'.
    Jun 17, 2015. 09:04 AM | Likes Like |Link to Comment
  • Lawsuit Alleges Latest Lampert Deal Would Make Sears Insolvent [View article]
    Given Eddie's performance track record in auto nation one may be tempted to assume that the guy knows a thing or two about investing and about timing of purchases and sales, no?
    It's nice and good to have an opinion and all that. It's even better to have an informed one.
    Jun 17, 2015. 09:00 AM | Likes Like |Link to Comment
  • Lawsuit Alleges Latest Lampert Deal Would Make Sears Insolvent [View article]
    Mark, are you aware that FAIRX' largest positions are AIG and BAC? And have you noticed how these two stocks performed over the past weeks? If so, do you still think, FAIRX should have "tanked this week"?
    Jun 17, 2015. 08:57 AM | 1 Like Like |Link to Comment
  • Lawsuit Alleges Latest Lampert Deal Would Make Sears Insolvent [View article]
    "Don't assume Eddie knows what he's doing. "

    Now, that's a good one! Eddie certainly isn't a god, he isn't immune to failure and mistakes, for sure. But to seriously assume that he doesn't know what he is doing while billions of $$ are at stake is really a stretch. Do you actually know what you are writing about?
    Jun 17, 2015. 08:55 AM | 1 Like Like |Link to Comment
  • Lawsuit Alleges Latest Lampert Deal Would Make Sears Insolvent [View article]
    Of course, berkowitz still has that large long position. Otherwise you would long have seen a couple of form 4 sec filings with millions of shares sold. Given his huge stake in shld neither he nor lampert can buy or sell SHLD common without immediately notifying the public.
    Jun 17, 2015. 08:52 AM | 1 Like Like |Link to Comment
  • Sears Holdings: Common, Warrants, And Seritage Rights Are Substantially Mispriced [View article]
    John, thx for the article . Imho the strong performance of the rights has something to do with the huge short position that has build up in SHLD. The shorts have to deliver these rights (and/or by extension, the stock of seritage) and therefore, many of them have to buy those rights no matter what. I do not feel comfortable to make a prediction where the rights will trade until July 2, but I suspect that many a short still are short the rights (implicitly, of course). I confess I do not exactly know the detailed mechanics involved here, but I suppose that retail guys being short SHLD common were likely getting attached a corresponding short position in the rights as well once they started trading. I suppose they may have been hard or impossible to borrow what could have led to forced by-ins by many brokers on behalf of their clients and since these buy-ins do not care for 'fair prices' that might explain the strong run-up in seritage rights. If so, the rights may slowly come back down, now that probably most of these buy-ins have been done.
    Jun 16, 2015. 11:46 AM | 3 Likes Like |Link to Comment
  • Sears Holdings Valuation: The Transformation [View article]
    that trade obviously worked great for you. congrats, but imho you should take the money and run. not just a part. all of it. I have no crystal ball, for sure. but this stock is worth way more than the price it currently trades for. That situation may last for a while more or it may even get exacerbated - who knows? odds are that it will eventually resolve into a big melt-up of the stock. I have no clue about the timing but I know for sure I would not want to be short the stock. being long puts is another matter, of course, since the risk is precisely defined and limited to the capital invested. Still...
    Jun 15, 2015. 09:09 AM | 1 Like Like |Link to Comment
  • Sears Holdings Valuation: The Transformation [View article]
    One of the rather very ridiculous lawsuits that I have read. If Seritage was de facto "stealing" Sears' assets then every common shareholder could protect by simply buying Seritage - after all, that#s what rights issues are for. I could understand if bondholders had an issue. But common stockholders? WTF? Imho this is just an attempt to block the transaction in order to benefit from the ensuing stalemate. I doubt this one will ever really make it to a courtroom.
    In other news., berkowitz has kept buying SHLD stock hand over fist recently ( adding about 300k just in the last 3 days alone june 8-10). I wonder why he does that if the value of SHLD was supposedly given away to seritage?
    Jun 15, 2015. 08:43 AM | 1 Like Like |Link to Comment
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