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A little CRAI at $69.50. I think the odds are in my favor.

ENZN, have been for weeks...

As others have said, the IB platform is useful for <15 friends and family accounts. I do this for a few of my friends, but mostly my own kids. I limit the accounts to around 5k and concentrate on odd lot tenders and the like. The accounts do well percentage-wise, but on a small base. I'd have to agree with the prevailing sentiment, however... What I have found over the years: managing money for others changes the process - like the Heisenberg uncertainty principle - the mere act of observing an event, changes the event. The feelings and emotional process of managing OPM is totally different than trading your own portfolio. As such, I heartily recommend going through the process in a small way to try it out before jumping into or considering full time money management.

By mail? Through your broker? I own in several accounts and got nuttin. Edit: spoke too soon - TD sent a copy. Also thanks mjm for forwarding.

Thanks for posting. That was a good read. I've always thought of myself as lucky and tried to be receptive to good breaks. I think it has helped.

Toss WXMN and the Waxman family on the list. They tried an egregious take under going private stunt at $1.87 when book value was $15ish. Oh and coincidentally, something material was disclosed in the next financial report, though they claimed they didn't learn of it until after the take under letter was sent. The timing looks suspicious to me. They backed down after many perfected dissenters rights. I was looking forward to the court case.

Have you looked at EMGC? There's a (public) writeup on VIC.

10:05 AM Haywood crossed 24,000 of the Ds 10:06 AM Haywood crossed 50,000 of the Bs NCIB?

I'd start with Schwab - free commish, otc stocks are generally fine. Maybe IB if you trade many foreign stocks.

According to Almost Daily Grant's Commentary: As for Sorrento, the company filed a shelf registration on April 27 allowing it to sell $250 million worth of shares into the open market “from time to time.”

I couldn't resist, have a small position in SRL again...after feeling so good to be rid of Michael Smith last year too. The 20F out yesterday shows $28 book value.

Why do you guess common buyback over prefs? I'd imagine an SIB for the prefs before a common buyback, given that it decreases cash outlay going forward. I *hope* something is in the works with respect to their capital structure. I'm expecting that COVID is also forcing them to put more capital into some of their bigger operating businesses. The preferred shares are permanent capital with no covenants and a reasonable rate. I wouldn't SIB them, maybe pick them off a little by little. The common however - that I would SIB a boatload - say $75 million buyback at $1.50 per share? That could retire half the shares outstanding.

They upsized DPM offering to 24 million units for proceeds of $152 million. If the $8 warrants are exercised, they would have only 30k DPM left. Impressive. I thought they would hang around and collect DPM dividends for years. Cash could be over $175 million after this transaction - $1.75 per share. Earnings after close tomorrow. What will they do with the cash?

A couple bottles of Pliny went down nicely last night. The wife picked em up at Amazon (Whole Foods).

Quick calc seems like they held about 4B in airlines - so sold something else too.

Took out the offer in QUCT. Not the first time this month either. It seems wrong buying on the way up though. Besides thinly traded, quasi dark, insider controlled - anyone have a bear case on this one? Is that like saying, "Other than that Mrs Lincoln, how was the play?"

Speaking of NY real estate, still 1 share of MNPP offered at 1200...cheap, though opinion of management tends to be bad.

TORW 100 shares at 35, then 180 shares at 25. wtf - a price last seen in 2005

I saw this comment by MJS27 on VIC the other day and had a chuckle. "i just got a message from a NYC based LP saying, "do you know a Whitney Tilson? He is riding his bike all over the city personally testing people for coronavirus." so i suspect before long we'll have some completely non promotional data on NYC's infection rate"

This stuck with me: “This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to hold bonds,” Dalio said Wednesday on the Bloomberg Invest Talks webcast. “If you’re holding a bond that gives you no interest rate, or a negative interest rate, and they’re producing a lot of currency and you’re going to receive that, why would you hold that bond?” The bond market is much bigger than the stock market. Will the natural bondholders just continue to buy bonds? If not bonds, what then? Dalio suggests companies with stable incomes and strong balance sheets will prosper. In this context, what's the right PE for those kind of equities? 10-20 sounds fine, even if a lot of the E may be missing this year...

One of my favorite wineries Scherrer Winery sent out an email last Saturday saying many of their wholesale accounts couldn't meet their commitments (for obvious reasons). Solution - he offered the wine to his mailing list for half price and free shipping. He was swamped with orders and quickly sold out of several wines, though there is still some left. https://scherrerwinery.com/ What a creative and quick response by Fred. This is ready to drink wine of older vintages, the stuff that would go on restaurant wine lists now. I can't wait to crack a bottle of the 2013 Russian River Valley Pinot.

TYL at 85 PE and 11x sales! - never heard of the company, but you must think they have some kinda secret sauce.

I bought RDI today. It finished on its lows ($3ish) - looking really weak. See attached Gabelli research piece. I've managed to avoid this classic value trap for years until very recently, but I can't resist any longer! One thought I had - if it declares ch 11, it would be good for equity holders in that there would be a mandated sales process. The management is absolutely horrible and are clinging to power by way of the RDIB super voting shares, which are holding up around $16ish. There is also a civil court case that may dislodge management. I wonder how low it will go... RDI_20200326_Gabelli_research.pdf

SRT.UN? Is it safe? Seems cheap. 1.3B of US shopping malls backed by supermarket and grocery rent (38%). 12% rent from restaurants and 4% from fitness is bad though. About a USD $1 adjusted FFO on a CAD $6 stock. 800M of debt 285M on their revolver Trades at 50% of book. 5x adj 2019 FFO Maybe not exactly a fortress. No position.

Sold rest of mine too. I was sad. Anecdotally - I shopped there yesterday (Nor Cal) and it was eerily empty.