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cm2

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  1. $KTBA (AT&T/ BellSouth, BBB) 7% '95 in USA: 9.3 %CY 9.25%YTM, 24% disc to par value, underlying *BBB* bond BellSouth 7s '95 079867AP2 trades 100. AT&T has previously tried to buy back entire issue, 3rd parties now trying to steal from retail https://tinyurl.com/3nt74ru4 https://tinyurl.com/ycxdac2x Trades in "Expert Market" Full service brokers only / no online, discount brokers
  2. Why worry about T dividends when you can buy $KTBA (AT&T/ BellSouth, BBB) 7% '95 in USA: 10% Current Yield, 10% Yield to Maturity, 30% discount to par value, sole underlying *BBB* bond BellSouth 7s '95 Cusip: 079867AP2 is 100ish bid. AT&T has previously tried to buy back entire issue, 3rd parties are trying to steal from retail https://tinyurl.com/3nt74ru4 https://tinyurl.com/ycxdac2x $KTBA pays .875 on 6/1, 12/1 Expert market, full service brokers only
  3. "PMIR" $825mm NOL shell (p18), 2.1mm shares, sb trading $20+/share based on comps (typically 5-10% nominal NOL) , but "Expert Market" / full service brokers only Lancer Capital / Avram Glazer ($MANU, Tampa Bucs etc) lead investor Happy to discuss - https://d1io3yog0oux5.cloudfront.net/_70d6eb29082d14d5c271e79d3d83f75e/pmigrp/db/224/391/pdf/staples_scan.pdf
  4. Fair amount of $KTBA trading this week - "Expert Market" only - no discount, electronic brokers Merrill Lynch, other full service brokers ok
  5. KTBA "Bonds" trade into the bid almost every day...you just need to make/advertise the best bid...topping the bid by 1/4 point has v little effect on yield. These traded almost as high as $30 during period of low/no rates. Inexperienced investors can always make an unlimited number of excuses for their own failure to seize opportunities when they present themselves. These are gold.
  6. Why bother with T dividends when you can buy $KTBA (AT&T/ BellSouth, BBB) 7% '95 in USA: 9.35% Current Yield, 9.35% Yield to Maturity, 25% discount to par value, sole underlying *BBB* bond BellSouth 7s '95 cusip 079867AP2 is 100 bid. AT&T has previously tried to buy back entire issue, 3rd parties are trying to steal from retail https://tinyurl.com/3nt74ru4 https://tinyurl.com/ycxdac2x $KTBA pays .875 on 6/1, 12/1 "Expert Market" only - no discount electronic brokers
  7. How does one invest in Wintaai please?
  8. I think Alpha Met will earn 100% of its market cap in 2022, 2023 at these met coal spot prices, could pay out $50+ special dividend each year The warrants are incredibly cheap, I think already worth $21+ using Black Scholes and 1.15 Exchange ratio https://www.nasdaq.com/articles/dalian-met-coal-coke-hit-record-high-on-supply-crunch-2021-09-09
  9. The guy that asked the question was John D'Urso from Kahuna Capital, he is a very smart, successful distressed and special situations investor. At one point I believe he was MD of Special Situations for Bob Robotti. I have personal knowledge of several situations that he has invested in where he has made 500%+ returns, including some secured real estate transactions. He's very gregarious as well, kind of like a Peter Cundill. If anyone has anything interesting to share with him I can put you in touch - just send me a PM.
  10. I will be in Omaha May 1 - 5, interested in meeting with professional investors, groups. Would really like to meet Charlie Munger, DJCO meeting was on Valentines Day (my wedding anniversary) this year. Serious PMs appreciated.
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