AzCactus Posted October 29, 2014 Share Posted October 29, 2014 Hi all, There is a company called Denali Investors that has produced some pretty solid returns over the last few years and spin offs seem to be their sweet spot. I was wondering if anyone had any references regarding spin offs or companies that were recently spun off that they think would be worth examining further. David Link to comment Share on other sites More sharing options...
jouni1 Posted October 29, 2014 Share Posted October 29, 2014 www.spinoffmonitor.com Link to comment Share on other sites More sharing options...
usdtor05 Posted October 29, 2014 Share Posted October 29, 2014 search spinoffs on here also...lots of stuff Link to comment Share on other sites More sharing options...
GregS Posted October 29, 2014 Share Posted October 29, 2014 Another website: http://www.stockspinoffs.com/ If you have not read Greenblatt's You Can Be A Stock Market Genius, do so. Link to comment Share on other sites More sharing options...
Homestead31 Posted October 30, 2014 Share Posted October 30, 2014 and read the class notes from Greenblatt's special situations class at Columbia University. You can find them online. If you're look for more info on Denali, they were featured in Graham and Doddsville a few issues back. Link to comment Share on other sites More sharing options...
RhubarbXIV Posted October 30, 2014 Share Posted October 30, 2014 Bill Mitchell of Spinoff & Reorg Profiles does excellent work. Publication schedule has been a bit stretched lately. Here's to hoping he doesn't become another OID. I subscribe. It isn't cheap, but it's a good place to learn from an excellent analyst in "special situations." http://www.spinoffprofiles.com/ EDIT: I should probably also add that I met Kevin Byun of Denali Investors a few months ago for breakfast. He strikes me as a very capable analyst. He takes great pride in his work with options and non-recourse leverage in general and as such tends to hold a lot of cash. Portfolio management is really a big part of the art of investing, and he takes it very seriously. He's probably the closest to the spirit of Stock Market Genius-style investing of anyone I've met lately. If I recall correctly he worked for JG at Gotham for a while, but I could be mistaken. Link to comment Share on other sites More sharing options...
bantrader Posted November 2, 2014 Share Posted November 2, 2014 Here the link to the interview on the CBS newsletter, It's worth spending five minutes reading: http://www8.gsb.columbia.edu/valueinvesting/sites/valueinvesting/files/Graham%20%26%20Doddsville%20-%20Issue%2021%20-%20Spring%202014.pdf By the way 2 questions for RhubarbXIV: Are you subscribed from long time ago to the Bill Mitchell's newsletter? Have you taken some interesting investment ideas from the newsletter? Thanks in advance, Link to comment Share on other sites More sharing options...
RhubarbXIV Posted November 2, 2014 Share Posted November 2, 2014 Here the link to the interview on the CBS newsletter, It's worth spending five minutes reading: http://www8.gsb.columbia.edu/valueinvesting/sites/valueinvesting/files/Graham%20%26%20Doddsville%20-%20Issue%2021%20-%20Spring%202014.pdf By the way 2 questions for RhubarbXIV: Are you subscribed from long time ago to the Bill Mitchell's newsletter? Have you taken some interesting investment ideas from the newsletter? Thanks in advance, I've subscribed to Bill Mitchell's newsletter for a few years. I've invested in some things that have been featured, but not necessarily because of it. Not to be snobby about idea sourcing, but to highlight that he and I tend to look at situations a similar way (so to me he seems really smart). In each issue there's always a list of upcoming and announced spins so you can do your own valuation to keep up to speed. He also does good work with spins internationally, which won't necessarily show up in SEC Form 10 searches. Link to comment Share on other sites More sharing options...
bantrader Posted November 3, 2014 Share Posted November 3, 2014 Here the link to the interview on the CBS newsletter, It's worth spending five minutes reading: http://www8.gsb.columbia.edu/valueinvesting/sites/valueinvesting/files/Graham%20%26%20Doddsville%20-%20Issue%2021%20-%20Spring%202014.pdf By the way 2 questions for RhubarbXIV: Are you subscribed from long time ago to the Bill Mitchell's newsletter? Have you taken some interesting investment ideas from the newsletter? Thanks in advance, I've subscribed to Bill Mitchell's newsletter for a few years. I've invested in some things that have been featured, but not necessarily because of it. Not to be snobby about idea sourcing, but to highlight that he and I tend to look at situations a similar way (so to me he seems really smart). In each issue there's always a list of upcoming and announced spins so you can do your own valuation to keep up to speed. He also does good work with spins internationally, which won't necessarily show up in SEC Form 10 searches. Thanks for the info RhubarbXIV, For now I seek spinoff updates through www.spinoffmonitor.com, Surely Bill's servicio is deeper with some analysis, Maybe I will join the Bill's newsletter for try it, Thanks again, Link to comment Share on other sites More sharing options...
rukawa Posted November 4, 2014 Share Posted November 4, 2014 If you are really interested in spinoffs I have two suggestions: 1) Study the Liberty Media spinoff carefully and pay careful attention to all of John Malones spinoffs. 2) Do exactly the same as 1) with William Erbey and Ocwen. Link to comment Share on other sites More sharing options...
AzCactus Posted November 4, 2014 Author Share Posted November 4, 2014 Rukawa---In terms of getting more knowledgeable regarding Ocwen and Bill Erby do you have a link or anything that has more information on it. Thank You Link to comment Share on other sites More sharing options...
rukawa Posted November 6, 2014 Share Posted November 6, 2014 You will also find more information on both in the investments section. Here are a few links. The first from our own Glenn Chan (ItsAValueTrap). http://glennchan.wordpress.com/2013/07/04/altisource-asps-updated-writeup/ Scour his blog and there is more on Malone and on Erbey. http://www.valuewalk.com/2014/05/john-malone-complex-study-financial-brilliance/ https://oraclefromomaha.wordpress.com/2014/04/29/altisource-portfolio-solutions/ I would also highly recommend listening to the class notes and videos of Greenblatt which can be found here: http://csinvesting.org/2013/10/25/value-vault-videos-and-book-folders/ Link to comment Share on other sites More sharing options...
Patmo Posted November 6, 2014 Share Posted November 6, 2014 If you are really interested in spinoffs I have two suggestions: 1) Study the Liberty Media spinoff carefully and pay careful attention to all of John Malones spinoffs. 2) Do exactly the same as 1) with William Erbey and Ocwen. What's special about William Erbey and Ocwen? Is he a Malone pupil? Or is it the way he carries his business that you think is impressive? Just curious, I don't know about this guy much. Link to comment Share on other sites More sharing options...
rukawa Posted November 27, 2014 Share Posted November 27, 2014 What's special about William Erbey and Ocwen? Is he a Malone pupil? Or is it the way he carries his business that you think is impressive? Just curious, I don't know about this guy much. He tends to remind me and others of Malone in his style of operation. Link to comment Share on other sites More sharing options...
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