Here is the super quick summary of a number of companies I hold or am considering. Disagreements especially welcome!
Tower Group (NASDAQ:TWGP)
- Poor performance can no longer kill the deal
- Funding in place
- If the deal fails for any reason, the company is toast (butter down)
- The September debt payment needs the deal to complete, yet the deal has until November.
Trip Advisor (NASDAQ:TRIP)
- Reviews are exceptionally valuable when going someplace new - i.e. for travels
- The new flight and hotel search is excellent for users
- There is a clear move towards "build my trip", which could allow for creating highly customized guidebooks and itineraries.
- This is the market leader of the space
Bank of Internet (NASDAQ:BOFI)
- Internet only banking has great efficiencies
- They have done a great job at keeping NPA low.
- NIM is good.
- Consistent high execution
- Boots is a built in growth plan and beach head into Europe
Wells Fargo (NYSE:WFC)
- Traditional banking is boring, and boring is usually profitable.
- Regional boring banking. 100+ years of dividends
- Interesting wealth management kicker
- Rhode Island has not has as much 'recovery' as the rest of the country and might outperform in the next few years.
Ship Finance League (NYSE:SFL)
- The good bank of the empire.
- Economic recovery and diversification are good for ship rates
- Storage space needs are increasing
- Hybrid SSD / HDD is the obvious design choice - caching is used everywhere is computing - and they are best positioned to provide it.
- STX looks cheaper than WDC, but stock returns have been slightly lower.
- White label in cloud data centers is a risk
Premier Exhibitions (NASDAQ:PRXI)
- Finally fired the CEO.
- My favorite Japan economy commentator (Noah Smith) has pointed out that Abe is seriously committed to improving the Japanese economy.
- Japan is probably more committed to economic reform than any other developed nation right now.
- The price of solar compared to other options is dropping rapidly.
- Price of solar is comparable to peaker coal/gas plants.
- Environmental concerns will sooner or later raise the cost of coal closer to real cost
- When solar hits the inflection point (near parity prices) the market will explode as old 'dirty' plants are not renewed
- Over supply is an issue
Charm Communications (NASDAQ:CHRM) -
- yet another Chinese go-private.
- Large, with no audit "issues"
- Well funded deal; very likely to close