LowIQinvestor
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Posts posted by LowIQinvestor
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ODP- OFFICE DEPOT (45% Merger Arb Spread)
FTC ruling by tomorrow----ODP price implies no chance of merger with Staples. Staples willing to divest assets to make deal happen.
Downside of 10-15% if deal blocked...upside of 45%.
Essendant Inc and Office Depot a likely merger pairing if Staples fails.
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Thanks for the comments- I'm calling BS on the market and buying FRFHF today.
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Anyone have a valid reason why shares fell 4.5% yesterday! ?
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So much for Fairfax serving as an equity market hedge... and a bet on low inflation :'(
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How much do you pay on a monthly basis? (for 1 person)
Do you find your service reliable?
If you have a family plan please state total monthly cost and number of people.
Thanks for your participation!
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Just picturing Warren laughing in the bathtub at Mr. Market while writing this....
“IBM continues to be profitable and generate significant cash flows,” Omaha, Nebraska-based Berkshire said in a regulatory filing Friday. “We currently have no intention of disposing of our investment in IBM common stock. We expect that the fair value of our investment in IBM common stock will recover and ultimately exceed our cost.”
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I must have been in the minority that was not at all impressed by the video. Half of it ruined the substance of the argument by including things like carried interest and Donald Trump. What the heck do those things have to do with the market?
I'm with you! Seems like some sort of media stunt to feed his ego.
When this massive downturn in the stock market happens, will Herbalife sell more shakes?
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Can't wait for this movie!
Full disclosure: Long Paramount (VIAB- Viacom)
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I found this entertaining:
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IBM calls
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Anyone have recommendations?
Also looking for companies with consistent long term dividend raises in Asia (non financial).?
Any ideas of where to look would be appreciated!
Thank you!
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Post got cut off:
SXCL is extremely undervalued.
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On June 24, 2015, the Board of Directors of Steel Excel Inc., a Delaware corporation (the "Company"), approved the repurchase of up to an aggregate of 500,000 shares of the Company's common stock (the "2015 Repurchase Program"). The 2015 Repurchase Program supersedes and cancels, to the extent any amounts remain available, all previously approved repurchase programs. Any repurchases under the 2015 Repurchase Program will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, in compliance with applicable laws and regulations. In connection with the 2015 Repurchase Program, the Company may enter into a Stock Purchase Plan in conformity with the provisions of Rule 10b5-1 and Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. The 2015 Repurchase Program is expected to continue indefinitely, unless shortened by the Board of Directors.
The Company's previously announced application for listing on the Nasdaq Capital Market tier continues to be reviewed by Nasdaq.
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Thanks, seems obvious now...
Had no idea the canadian dollar had fallen so much.
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Pretty much as expected for me: Book value unchanged...
I am trying to understand the disconnect between recent stock performance of FFH.TO and FRFHF ( US OTC Market)? Trying to figure out if the under-performance of FRFHF is warranted ( currency? liquidity? etc.)
Anyone already look into this?
Thanks!
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Full Year Earnings Released : SXCL
http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=2026118
"The Company generated Adjusted EBITDA of $9.6 million in the fourth quarter of 2014, as compared to Adjusted EBITDA of $5.8 million in the 2013 quarter, an increase of $3.8 million or 66.4%. For the year ended December 31, 2014, the Company generated Adjusted EBITDA of $40.2 million, as compared to Adjusted EBITDA of $23.8 million in 2013, an increase of $16.4 million, or 69.1%."
"At December 31, 2014, the Company had cash and marketable securities totaling $190.4 million."
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FYI: http://www.valuewalk.com/2015/03/charlie-munger-2015-djco-meeting/
"Munger Says Prepare for Harder World as Buying Power Slides"---- Would love for Buffet and Munger to discuss this more over a Blizzard at DQ. Can't imagine Buffett would agree?
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Cimpress = Vistaprint
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My outstanding buy order on IBM was just filled!
$155 is a good price in my mind.
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SXCL under book value (20% discount) due to oil price decline and general liquidity.
latest financials:
http://investor.steelexcel.com/phoenix.zhtml?c=97782&p=irol-newsArticle&ID=1987127
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OPEC chief defends policy, says group to try to ride out price fall:
http://www.reuters.com/article/2014/12/15/us-opec-oil-badri-idUSKBN0JS06F20141215
"Some say selling may continue as few participants are yet willing to call a bottom for markets.
But Badri suggested the crude price fall had been overdone. "The fundamentals should not lead to this dramatic reduction (in price)," he said in Arabic through an English interpreter. He said only a small increase in supply had lead to a sharp drop in prices, adding: "I believe that speculation has entered strongly in deciding these prices.""
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IBM is probably a tax loss candidate ( and widely held), now trades at 9 times earnings, and has a fairly smart fellow who owns $11B worth of it. But maybe he is selling to pick up some losses for the year? ;)
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Verizon (VZ).
I'm loading up today.
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Interesting to see where WTI traded during the meltdown in 2008.
Understand that you can't look at this data in a vacuum but still might be helpful in thinking about potential downside. This feels like capitulation to me.
History of Crude Oil Prices (WTI)
October 3, 2008 $93.88
October 10, 2008 $77.70
October 17, 2008 $71.85
October 24, 2008 $64.15
October 31, 2008 $67.81
November 7, 2008 $61.04
November 14, 2008 $57.04
November 21, 2008 $49.93
November 28, 2008 $54.43
December 5, 2008 $40.81
December 12, 2008 $46.28
December 19, 2008 $42.36
December 26, 2008 $37.71
December 31, 2008 $44.60
January 2, 2009 $46.34
January 9, 2009 $40.83
January 16, 2009 $36.51
January 23, 2009 $46.47
January 30, 2009 $41.68
February 6, 2009 $40.17
February 13, 2009 $37.51
February 20, 2009 $40.03
February 27, 2009 $44.76
March 6, 2009 $45.52
March 13, 2009 $46.25
March 20, 2009 $52.07
March 27, 2009 $52.38
April 3, 2009 $52.51
April 10, 2009 $52.24
April 17, 2009 $50.33
April 24, 2009 $51.55
May 1, 2009 $53.20
May 8, 2009 $58.63
May 15, 2009 $56.34
May 22, 2009 $61.67
May 29, 2009 $66.31
June 5, 2009 $68.44
June 12, 2009 $72.04
What are you buying today?
in General Discussion
Posted
BEN & FRFHF
BEN is buying back a ton of shares, large inside ownership (family), potential special dividend on the way, trading at 8 PE