Parsad

Breaking news...pressure from CofB&F cracks Pabrai...will continue to open Chicago meeting to groupies and non-investors...says culture of Chicago meeting must be maintained! ;D. Cheers!

Today! This is it. Cheers!

Well, my love affair with this beautiful and fantastic city may be coming to an end. Was with Mohnish last night, and the subject came up that the Chicago meeting going forward will be investors only, and everyone else will be invited to the LA meeting. I guess I will be going to LA every September now only, and will have to find time to make a trip to Chicago outside of the Pabrai Funds AGM...the rest of you can keep New York...I love Chicago! So those non-investors attending this year...enjoy it, since it will be your last one in the Windy City. My only solace is if MPIC or any company we acquire ever has a U.S. AGM...it will be here in Chicago. We'll meet again my friend! ;D Cheers!

I don't own BBRY, but after reading the report yesterday, I'm not sure how anyone can write off BBRY after one quarter's worth of data. They are in tough to be sure, and the outcome is unlikely to be good relative to the competition's size and dominance, but I think you need to look at least a year's worth of data, sales, and development to come to any accurate conclusion about whether this attempt at a turnaround will be successful or not. Those that are always "certain" tend to be oblivious to life's uncertainties! Cheers! 1, This is not unexpected information, we have been watching this stock for years. 2, It is not just this quarters numbers, they have forecast an operating loss for next quarter. 3, They will no longer be releasing subscriber numbers which means those numbers will continue to decline. 4, It is on enough just to look at numbers for a year, it is important to understand what those numbers mean. 5, You can always tell who is "certain" by the amount of predictions they make. 1, Investors have been watching Apple for years, but the last year and a half have not been one of glory...that doesn't mean Apple is finished. 2, They've pretty much scrapped much of the business plan for the past decade, and gone in a completely different direction...it's reasonable to assume that they will go through quarters of losses? 3, Probably because they are trying to focus on the longer term, not quarter by quarter. 4, I doubt if Apple's business plan in the first year Jobs took over the 2nd time around was anything but painful...look what happened there. 5, You are most correct here, and there have been more than enough predictions by pretty much everyone...the Apple thread is pretty much indicative of that! As I mentioned earlier, I don't own BBRY and do own APPL. But any supposition from a quarter's worth of numbers smack of hubris. Cheers! Hubris, indeed: http://www.bloomberg.com/news/2013-09-20/blackberry-to-fire-4-500-write-down-up-to-960-million.html People who work in an industry have a deep understanding of it. They know how to read between the lines. Thinking otherwise is hubris. People in the industry know how the buying process works. knew that as soon RIM announced bad earnings, operators and companies would stop investing in RIM's gear. If you are a CIO and you deployed RIM companywide, then RIM shutdown the product, that would be the end of your career. Industry insiders know that. Simply looking at financials and plotting trend lines is not enough. I don't own BBRY, but do own AAPL. Funny how I got that right, since I'm not in the industry and don't know how the buying process works. You are correct, hubris indeed! Cheers!

Joey's parents should be awfully proud in raising such a fine human being! Cheers!

Can't wait to see what they come up with! Cheers! http://finance.yahoo.com/news/tesla-enters-race-build-self-010950299.html

Cheers! http://finance.yahoo.com/news/u-seize-manhattan-skyscraper-secretly-194800489.html

Early part of this year they thought their investment in Post Media would start paying off. Its been a hole for them with close to 0 ebitda to show for. The investment in that asset continues and these dollars could have been spent growing their 'essential information' business. So a huge opportunity cost as well. This acquisition has been a disaster so far. For all the leverage the company took, it has very little to show for it. But I guess that's the reason why the opportunity exists ... so in a perverse way its good all this is happening. You have to believe in the mgmt at the end of the day. Not that this is the investment I'm talking about, but remember that capex has been higher the last few quarters as they pour money into the Postmedia businesses which were under capitalized in the past. They could easily turn the spigot off and pay their dividend or debt, rather than pour more money into capex. Cheers!

Not a surprise, but I wish there was a bit more detail. Cheers! http://finance.yahoo.com/news/where-americans-rich-poor-spent-193609849.html

22 have settled. I can't believe all they got out of this was $14M in fines. What a joke! Cheers! http://finance.yahoo.com/news/us-sec-charges-23-firms-153100217.html

You guys constantly amaze me! That's why this is the best value investing forum around...because of the brainiacs and relentless analysis by the board members. One or more of you has gotten the answer right. I won't say who, what, where or when, but I gave no clues and you guys figured it out. Nice...well done! Cheers!

So much for Bill's retirement! I guess he'll be back on our stage next year with the panel. ;D Cheers!

LOL! True. I think they will start popping out of the woodwork over time as well. Cheers!

What a dominating fight! I can't believe one of the judges had it as a draw. Boxing, the one place more corrupt than Wall Street! Cheers! Same guy who gave Bradley a win over Pacquiao. What a joke. Yup, same one. Lady judge sanctioned by the Nevada Boxing Commission as their representative judge for the fight. Cheers!

What a dominating fight! I can't believe one of the judges had it as a draw. Boxing, the one place more corrupt than Wall Street! Cheers!

You want us to figure it out. Why else would you have posted this?! Yes, I do want you to figure it out...but I can't make it a "gimme". The only clue is that some of you are on the right track and some of you aren't. Cheers!

parsad, is it an idea where you are long or short? Short, it could be tesla. Long I have no idea, some hints? Market cap? Sector? Long. You guys are too smart. I start giving details and somebody on here will figure it out...guaranteed! Cheers!

I'm planning some consulting gigs, presentations and then I will write a book about the idea..."You're Welcome Planet Mars"...how one man's investment idea will save the entire solar system! But the numbers I'll present regarding the investment will run from the lowest price I bought at to some arbitrary point in time where the stock has done very well, and then I'll use some formula to extrapolate how my returns dwarf Warren Buffett's returns. Cheers!

Actually, I'm not buying anything and it was just a way to get you guys to throw out ideas! Look at all those guesses! ::) No, just kidding. I am buying a lot of something. A real disconnect between economics and valuation...not speculative...not a 9-foot hurdle. Always amazing how these opportunities present themselves when you apply some patience...and in an era of overblown, overvalued assets out there. Cheers!

This guy takes it pretty hard to BH's CEO. Cheers! http://seekingalpha.com/article/1684632-sardar-biglari-devilishly-sidesteps-his-hotly-debated-compensation-scheme?source=yahoo

Nice job Darren! How did you pick the name Cheviot? Cheers!

It's not so much the government shutting them down, but saying that these entities as they are, are broken. We will move the assets and liabilities into a new entity, recap it with some taxpayer money, and it will take over...unfortunately, we will make the debt-holders whole, but not the common or preferred. What are the odds of that happening...you have to weigh that in your analysis and scenario for returns? And then how long do the lawsuits take before you are given restitution...if you win...2 years, 5 years, 10 years? Time value of money comes into play. I think this one is in the too hard pile, along with all my 9-foot hurdles...sometimes there are easier ways to make money over time. Cheers!

Can't comment. It will come out in due time...hopefully I'm right! ;D Cheers!

LOL! That's what nkp007 was referring to. Cheers!

That would be awesome! North-American and listed. Maybe! ;D Already almost 10%, but if it gets cheaper we may max out near the 25% self-imposed limit. Cheers!