BargainValueHunter

http://news.yahoo.com/blogs/abc-blogs/canadian-town-sells-10-plots-land-120453364--abc-news-topstories.html

Sad news... http://investor.annaly.com/file.aspx?IID=113558&FID=14771086

Looks like a good buying opportunity will present itself on Monday: http://online.barrons.com/article/SB50001424053111904034104578058751530288678.html?mod=BOL_hpp_cover#articleTabs_article%3D0

Sorry...wrong thread!!

Looks like a good buying opportunity will present itself on Monday: http://online.barrons.com/article/SB50001424053111904034104578058751530288678.html?mod=BOL_hpp_cover#articleTabs_article%3D0

D'oh! No MBI or CIT discussion (or JEF for that matter). Would've loved to hear his thoughts on those and the new stocks he is looking at but hasn't pulled the trigger on but still a good interview. He clearly doesn't want to show his hand.

For those who'd like to see the interview this weekend... http://wealthtrack.com/station_finder.php

Old thread but title is apropos: http://www.examiner.com/article/fund-manager-of-the-decade-on-wliw-s-consuelo-mack-wealthtrack?cid=rss

http://soberlook.com/2012/09/spread-between-mortgage-rates-and-mbs.html

Dell's new products for the enterprise do look rather impressive. We will see if Windows 8 will drive sales next quarter. http://www.informationweek.com/hardware/desktop/dell-unveils-windows-8-enterprise-tablet/240007671?google_editors_picks=true

http://www.jeffgreenpartners.com/are-reits-right-for-department-stores/

A couple of months old but still an interesting post by The Aleph Blog: http://alephblog.com/2012/07/07/

http://www.cnbc.com/id/49018330 Ridiculous, but fun to hear someone say it on TeeVee. ;D

Whatever happened to conservative democrats?

...couple of months old but still a nice opinion piece (from a board member possibly?) http://caps.fool.com/Blogs/joe-metamorphosis-moth-or/741860

http://dealbreaker.com/2012/08/bill-ackman-has-a-lot-to-say-about-general-growth-properties/

O.K., I guess I shouldn't have used a fraudlent enterprise like Groupon as an example. But the greater question is then are social media Internet stocks (or any tech stock without a very wide moat) a permanent no man's land for "Prem Watsa" style value investors or could, one day, a company in this space be worth a look based on stock price vs. cash and current free cash flow?

Groupon doesn't have a moat but what did people think of Priceline's moat in 2001 or even Amazon's moat? At what price does Groupon become a "value" or can it never have any value if it doesn't have a moat? Wouldn't that eliminate all newer Internet stocks that may build a moat when value investors aren't looking?

I remember an old CNBC interview where one of the Freddie Mac directors stated that the BOD held fiduciary responsibility to the conservator. Bill Ackman sat next to him, and received confirmation that the director would subordinate equity and preferred interests. http://dealbook.nytimes.com/2011/02/09/freddie-director-no-fiduciary-duty-to-shareholders/

Amazon $8 in 2001...$239 today. Priceline $10 in 2001...$585 today. With a few of today's Web 2.0 "Social Media" stocks history may be rhyming... Groupon, for example, has ~$780 million in shareholder's equity and no debt but is being kicked hard to the curb. There will be some brand equity built up here and the winners in this space will still be around in ten years. Off the wall?

Kyle Bass sold near the "top" apparently: http://www.thestreet.com/story/11667835/1/bass-cuts-bait-on-dead-fannie-and-freddie.html?cm_ven=GOOGLEN

51% Cash, 12% BAC, 4% GM, 3.5% DELL... http://funds.us.reuters.com/US/funds/holdings.asp?YYY622_jy302ZK0gRIK5CT7HY7VhhuZTH3KwZb8EX/lL+8rQLe2XAYvTeJv80QkjbRhvQp3

I like how in BB's letter he compares the valuation of SHLD's assets with what would be the GAAP recorded value of Manhattan at the time it was sold to the Dutch. ;)

Sorry but yes I know this is a very old thread but I'd like to get the opinions of the original participants on these warrants now nearly two years later. Thanks. :)

LEAPS would be great if they were available. It seems that the common is likely down for the count but a lottery option would be an interesting leveraged play just in case of a miracle. :)