Amount of cash in your portfolio

[eclecticvalue]

I have around 30%, Wow I am thinking about getting into Mercer. It was down 8.5% seems like a good time to buy and make a 5% position of my portfolio. I can't buy fbk since I am not in Canada and dont have a broker that can handle Canadian stocks

[Myth465]

Try FBKZF on the pink sheets. Its how I own it.

 

I have been looking at Mercer but Fibrek just seems like a better deal. I like the take over talk as well. The only reason not to buy Fibrek inmo is fear of a take under of sorts.

[eclecticvalue]

Thank you myth, I might just buy both because both will do well if NBSK prices will go up.

[Rabbitisrich]

My only major recent purchases were HALL and SD. I still have about a quarter of my funds in cash due to a few major holdings reaching fair value at around the same time (the dark side of increasing correlations).

 

 

 

 

 

 

[Myth465]

anyone used up some cash in last couple days? the index holds up well - but some of stocks got killed.. 10% - 15%.

 

This week was better than last. Even a few majors are coming around on WDC, and the rebound in ATPG was a nice surprise. With that said I am still looking for a few ways to raise cash and plan to hold onto what little I have.

 

Rabbitisrich - How do you feel about the changes at HALL, relating to the big owner being able to sell shares. SD has run quite a bit, but I think we could see $11 or more if the stock sell and new play works out. I have been thinking more and more about it, and they can only drill 250,000 worth of land. There has to be something planned for the other 60% outside of the new stock sell.

[Rabbitisrich]

anyone used up some cash in last couple days? the index holds up well - but some of stocks got killed.. 10% - 15%.

 

This week was better than last. Even a few majors are coming around on WDC, and the rebound in ATPG was a nice surprise. With that said I am still looking for a few ways to raise cash and plan to hold onto what little I have.

 

Rabbitisrich - How do you feel about the changes at HALL, relating to the big owner being able to sell shares. SD has run quite a bit, but I think we could see $11 or more if the stock sell and new play works out. I have been thinking more and more about it, and they can only drill 250,000 worth of land. There has to be something planned for the other 60% outside of the new stock sell.

 

I don't see any justification for the transaction that fits in with Schwarz's fiduciary responsibility. My bet is that Schwarz will not seriously impair the company for personal benefit ala Mozilo or Stronach. But it's true that any bet on HALL implies a degree of trust in Schwarz. In addition to the information asymmetry inherent in any financial, the equity portfolio is below the amount required for mandatory reporting. He could easily use the portfolio to improve quarterly returns in the Newcastle partnerships while hiding the trading losses in Hall's income statement.

[Rabbitisrich]

A couple mitigating factors include Schwarz's large personal holdings and the fact that he increased HALL stakes through controlled companies. This particular transaction probably reflects liquidity concerns rather than a change of intrinsic value.

 

There are a lot of conflicts of interest involved in running a hedge fund while managing the portfolio of a controlled company, and they will eventually emerge for better or for worse.

[KinAlberta]

Thought this comment was interesting...

 

Should You Should You Be Mostly Cash Like Mohamed El-Erian?

http://seekingalpha.com/article/3052016-should-you-be-mostly-cash-like-mohamed-el-erian

 

 

Life after Pimco: Mohamed El-Erian on economics, politics and his hope for a 'Sputnik moment' - The Orange County Register

 

http://www.ocregister.com/articles/pimco-656718-erian-people.html