Deep Value, Energy, Gaming, Special Situations
Contributor Since 2012
Richard Evans spent 26 years in the military, Business and Management as well as marketing within the retail, transportation, education and health care fields. He now lives in Las Vegas.
He writes extensively, having several hundred articles published on financial and travel topics as well as one guide book, with the help of two part time researchers.
His personal investment philosophy is "complicated."
He combines a selection of value/growth/dividend companies, in his best Warren Buffet imitation, along with a significant element to take advantage of arbitrage and other short term opportunities in the market.
Richard Evans concentrates on Energy companies, dividend opportunities, special opportunities and arbitrage, and because he does live in Las Vegas he keeps a weather eye on the Gaming Industry.
Sycamore Networks (SCNR) has declared a $10 special dividend payable to shareholders on record 1 October. With a price just around $15 that is a 67% yield just for the special dividend. Even with the dividend it will be in great cash position, while reporting sharp increases in revenue.
This is a great first sign of what could be a record-setting special dividend season. As I stated in this article,a number of factors are liable to encourage corporate boards to reward investors by paying out some of the massive cash hoards they are sitting on.
I'm buying Sycamore as we speak and hope to land some more special situation the next few months.
Disclosure: I am long SCMR.
Additional disclosure: I have purchased SCMR in the last 24 hours