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petergrt

petergrt
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  • Why The Sanofi Deal Is The Best Possible Deal For MannKind Investors [View article]
    If you think that the deal so lopsided to the benefit of SNY, than you should invest there, but that stock is flat to minus . . . . it seems that those investors don't think that it is such a great deal . . . .

    I happen to think that it is a great deal for both and while I already hold a stash of MNKD, I might pick up some SNY as well.
    Aug 11 03:02 PM | 1 Like Like |Link to Comment
  • Why The Sanofi Deal Is The Best Possible Deal For MannKind Investors [View article]
    Great article, as usual.

    Any information on the manufacturing agreement . . . .?
    Aug 11 01:28 PM | Likes Like |Link to Comment
  • Great News For MannKind The Company; Underwhelming News For MannKind Stock [View article]
    There are actually two agreements:

    1. Wholesale, as it were, whereby MNKD will manufacture and deliver the product to the venture for sale - the terms of that agreement have not been made public, but I doubt that MNKD will make the stuff at no profit;

    2. Commercialization, merchandising & marketing agreement that is the subject of this article.

    There is almost $1 billion of essentially upfront, and I expect outside of the 65/35 split, which should facilitate the development of the pipeline which collectively maybe even bigger than Afrezza . . . .

    Anyway, I wish that they waited a few days with the announcement as I was hoping to pick up some more MNKD after the inevitable dump, following the quarterly report.

    I am long and will add when the gap closes . . .
    Aug 11 12:39 PM | 2 Likes Like |Link to Comment
  • MannKind: Are These Top Big Pharma Companies Potential Partners? [View article]
    Great call!
    Aug 11 01:56 AM | Likes Like |Link to Comment
  • Annaly on sale after big gain in book value [View news story]
    What sort of a headline is that? Foretelling the future . . . ?

    NLY's problem is illustrated by the foregoing comments: Everybody expected and expects the interest rates to rise, which is why NLY and others have been hedging, at a great expanse and thus limiting the profits.

    The sad fact is that most people forgot that interest rates, particularly those of longer duration are a function of supply and demand and are not directly effected by the Fed, except in the case of QE's, where the Fed was injecting itself on the demand side, and thus manipulated to some extent the market.

    Interestingly though, the rates have actually dropped since the beginning of the reduction of Fed's buying - they ran-up in anticipation of the start of the end, but have retreated over 50 bp's since the actual start of the reduction of purchases.

    Furthermore, when one considers that Italian and Spanish 10-year paper yields only about 2 to 5 bp's over the US Treasuries, that is indicative that there is an enormous amount of cash looking to be invested.

    In other words, I don't believe that long term interest rates are headed much higher anytime soon. In fact, they are decling as I am writing.

    That said, it all depends on the actions of NLY management how will they exploit the interest game. They have shown to be very adept in past, albeit they seem to be way too conservative this time, and I think that they should be able to maintain if not to raise the dividend over the next few quarters.

    The fact that NLY is diversifying its portfolio as well as its business model should provide additional sources of income and stability.

    ______________________...
    I am long NLY and have just increased the position by 20%
    Aug 7 02:24 AM | 1 Like Like |Link to Comment
  • Fortress's Income Can Mitigate Its Risks [View article]
    FIG had a blow-out quarter with very positive guidance and most importantly, increased its quarterly dividend from $.08 to $.26.

    The last time Fig was paying $.225 - in March of 2008, the stock was at $15, down from $30 . . . . and yet, the stock tanked today . . . .

    I understand that 317 points down on DJI was no small matter, but many stocks bucked the 'trend', and this was a major beat and huge increase of the dividend, not to mention the positive guidance. I expected at least a 10% bump . . . .

    Any ideas about the sell side . . .?

    Is there something I missed?

    ______________________...
    I am long FIG and have just increased the holding by 25%.
    Aug 1 12:31 AM | 1 Like Like |Link to Comment
  • Keep Calm And Exit BlackBerry [View article]
    In my speculative portfolio I seek out heavily shorted stocks, and I have had some pretty good successes (FTR, STAR, MTG, MNKD, and etc).

    I like the fact that BBRY is heavily shorted, and I hope that the shorts will continue the blood fest for a couple of more weeks, knocking the stock down to about $8.50 - closing the breakout gap, so that I can load up.

    But, I have to admit that I did sell about 30% of my BBRY holding right after the Apple & IBM hook-up announcement. Not because I think that the venture presents a real threat to BBRY, but because the perception was such, and that is what moves the markets, at least in the short term.
    Jul 31 02:46 AM | 2 Likes Like |Link to Comment
  • Impax smacked after FDA inspection [View news story]
    I never thought that I will ever be able to buy this stock for under $28 . . . . . so I bought a few k for > $24 today.

    I think that it is the next Actavis . . . . they too had a pile of plant problems as they acquired ADRX . . . .

    IPXL has a ton of cash ($6/share) - they should be able to buy a decent producer.

    Alternatively, they maybe acquired.
    Jul 29 04:33 PM | Likes Like |Link to Comment
  • Cisco Should Consider BlackBerry Purchase Or Tie Up [View article]
    "All kidding aside their new phone looks like a toy phone I bought my daughter when she was 5.......15 years ago."

    I surmise that your 20-year daughter is an iBaby . . . . .
    Your assessment of the company and its phones however, is pure pooooooop.
    Jul 29 04:23 PM | 1 Like Like |Link to Comment
  • Cisco Should Consider BlackBerry Purchase Or Tie Up [View article]
    Ellison has been wanting to get into the mobile space for ever - witness his feeble lawsuit against Google . . .

    He wanted to buy BBRY, but he deemed it too expensive at the time - about $70/share . . . . .

    The current management of BBRY is more closely connected to SAP, which is Oracles most major competitor . . . . .

    Otherwise I agree with you - this would be one hell of a team, and it would make me buy Oracle.
    ______________________...
    My long position in BBRY is hedged with some calls . . . will be expanding long position before the quarterly report.
    Jul 29 04:17 PM | 3 Likes Like |Link to Comment
  • Bad Times Continue To Hit Merck's Animal Health Segment [View article]
    Is this a story of a tail that wagged the dog, or what?
    Jul 22 10:02 AM | Likes Like |Link to Comment
  • Vale's Turnaround Is A Pipe Dream [View article]
    Absolutely nothing new . . . . regurgitation of Citibank's ainalysis of a few weeks ago.

    China just loaned VALE some serious $$$.

    ______________________...
    Long VALE, just added a bunch of Sept. $13 calls.
    Jul 21 10:18 AM | 3 Likes Like |Link to Comment
  • High-Yielding General Motors May Present A Better Price Soon [View article]
    I agree with much of your conclusions with one caveat:

    Next week GM is expected to report quarterly earnings, which will include some additional recall-related charges, most of which the market is aware of, however, the stock may rocket up or plummet - I can't predict which, because traders often act in mysterious ways.

    Maybe a time for some options strategy . . . .
    Jul 18 12:47 AM | Likes Like |Link to Comment
  • BlackBerry falls towards $10 as Street weighs in on Apple/IBM [View news story]
    " . . . MDM vendors will have to overcome the extremely high hurdle of displacing IBM's mobile device software preloaded on iPhones and iPads,"

    Is this a joke?

    Does IBM have such a thing? Or is it the objective of this partnership to develop one?

    So now large corporations are suppose to put on hold everything related to mobile computing, until the new 'dream-team' will come up with something . . . .

    Isn't this the definition of vaporware?
    ______________________...
    Anyway, BBRY was overbought at $11+, so I sold some calls and trimmed my long position. I expect the stock to close the gap at about $8.5 and I will then reload.
    Jul 16 06:03 PM | 2 Likes Like |Link to Comment
  • BlackBerry's Smartphone Sales Are Set To Soar [View article]
    This is a sad, desperate attempt of two erstwhile great companies to rejuvenate their businesses.

    Apple is attempting to move from marketing iSomethings for consumer fan-boys to business environment, while IBM is attempting to stem loosing its presence in business.

    This is going to produce a lot of vapor-ware that will fire up ainalysts to predict the losses if not outright demises of some purported target companies.

    I too have initially reacted with some distress about the effect on BBRY - until I had the chance to read up a bit more about the deal and had some time to think about it.
    ______________________...
    I am long BBRY with August $11 and $12 calls written against the position. I will recycle the profits from the calls into new shares - probably in the $9 range, as it probably will close the gap.

    Jul 16 01:29 AM | 3 Likes Like |Link to Comment
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