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odin

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  1. Agree with the advice posted here on finding something misunderstood with a catalyst. You probably won't get in without identifying a catalyst or something very unique. Try to write something up that has not been posted before. It might be okay if the most recent writeup is years old. Avoid microcaps and international ideas. Short ideas might be the way to go with stock mkts at all time highs. The subsequent performance of the idea shouldn't matter. You can get accepted very quickly if the idea is good enough. Go read some of the highest rated ideas for guidance.
  2. Buy this https://www.amazon.com/Mining-Valuation-Handbook-Investors-Management/dp/0731409833/ref=pd_cp_14_2?_encoding=UTF8&pd_rd_i=0731409833&pd_rd_r=2F4GZE58FG0BWVVDRVJ2&pd_rd_w=SOhNh&pd_rd_wg=DDAPF&psc=1&refRID=2F4GZE58FG0BWVVDRVJ2
  3. A friend of mine brokers small businesses in the US. He has sold a good number of restaurants and has occasionally taken stakes in them. EBITDA multiples on single locations range from 1.5x - 2.5x, chain style 2-3x. Yes, you read that right.
  4. Matthew did not make landfall as a 5. It skirted the coast as a 2 and 3 before making landfall as a 1. The damage was minimal compared to what a direct hit from a Cat 5 on South Florida would cause. Total Matthew damage was around $10 billion, while 100-yr South FL estimates are up to $250 billion. Nearly all reinsurers would impacted significantly. Most of the public reinsurers disclose their estimated max losses for various cat events in investor presentations. http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Njc1ODA0fENoaWxkSUQ9MzgzOTI4fFR5cGU9MQ==&t=1
  5. I am a member and do believe it is worth the effort to become one.
  6. http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/your-returns-in-2016/
  7. Credit quality is a primary factor in determining the price of a floater. Liquidity can also be very impactful. I suspect your portfolio of commercial loans would trade with a fairly substantial liquidity premium.
  8. Changes in risk free rates have no impact on floaters...that's the whole point of the floating rate feature. Yes your discount rate would change along with the risk free rate, but the coupon also changes.
  9. The textbook answer is to value a floater as if it matures at the next coupon payment. See this link. http://breakingdownfinance.com/finance-topics/bond-valuation/floating-rate-bond-valuation/ Using the risk free+spread on the loan as the discount rate will result in a value of 100. Prices above or below par will be due to a change in credit quality. If the credit quality of the borrower has deteriorated since the loan was taken out, and therefore the spread on a replacement loan would be higher, the loan will be priced at some discount to par. Alternatively, if the credit quality has improved since issuance, the loan should be valued at a premium.
  10. Frackers is a good candidate for audiobook. Listen while commuting or exercising
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