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LowIQinvestor

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Posts posted by LowIQinvestor

  1. Well, I'm convinced I'm at least going to save money on switching to tiered, so I got something out of all of this!  Do you get credit for providing liquidity on trades with this pricing too?  I've never really understood how that works other than hearing it exists (my trading sophistication is clearly showing--which is why I don't trade that often and just stick to analysis...)

     

    I also do find it believable that algos could improve execution enough to take care of the commission, it is just hard to verify.  It's a bit of a non-issue anyway, as I really do not have any other choice than IB for the fund, and it seems fine.

     

    Race,

    Just curious, why don't you have any other choice than IB?

  2. SXCL being acquired for 55% premium, $17.80/share

     

    Steel Partners currently owns approximately 64% of Steel Excel’s outstanding shares. Under the agreement, Steel Partners, through a wholly owned subsidiary, will commence an exchange offer to acquire all of the outstanding shares of Steel Excel’s common stock (not owned by Steel Partners or any of its affiliated entities) for $17.80 per share

     

    Steel Partners Signs Definitive Agreement To Acquire Remaining Shares of Steel Excel

     

    http://finance.yahoo.com/news/steel-partners-signs-definitive-agreement-211500223.html

  3. I understand the historical precedent set by Warren in regards to this joke (setup).

     

    But I find it curious that he said" GM " .

     

    Berkshire already owns about $1B of GM and just like when he mentioned MSFT years ago, I bet he thinks GM is extremely undervalued now. He chooses his words carefully...why would he want to mislead a bunch of University students into buying GM if he didn't think it was a worthy investment....

     

    I guess we will find out once 13-Fs come out....

  4. https://blogs.rhsmith.umd.edu/davidkass/uncategorized/warren-buffetts-meeting-with-university-of-maryland-mbams-students-november-18-2016/

     

    "He said that recently he stood across the room from Charlie Munger (age 92) (CM) and said “Let’s buy General Motors at 33, do you agree?”  Since there was no response, he moved closer and repeated the same statement.  Again, no response.  Then he went very close to CM and repeated his statement.  CM replied “for the third time, yes!”

     

     

  5. Not sure if anyone can help but here it goes:

     

    I am putting together a hedge fund pitch book and am looking for assistance from a marketing/graphic design professional.

     

    Anyone know of a company that has experience in creating high quality PowerPoint presentations for the financial services industry? I am launching a small fund so I need something reasonable in terms of cost.

     

    Thanks in advance.

     

  6. You've talked with Lloyd?  Impressions?  Any names he mentioned?  Did you guys discuss VULC?

     

    Oddball,

    Curious why you mentioned VULC?

     

    I own some shares and have tried to get in touch with mgmt  to get full financials etc. Left voicemails, wrote emails and all I got was radio silence.

     

     

  7. SXCL shareholder letter is out:

     

    http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-secText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEwODMzNTkzJkRTRVE9MiZTRVE9JlNRREVTQz1TRUNUSU9OX0VYSElCSVQmZXhwPSZzdWJzaWQ9NTc%3d

     

    "At December 31, 2015, the Company had cash and marketable securities totaling $127.9 million, and an NOL of $139.1 million."

     

    Does anyone know if Fairfax still owns some of SXCL? Or was it Steel Partners?

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