arbitragr Posted October 21, 2009 Author Share Posted October 21, 2009 Good pick on TA. I've been following that one, and it's gone up quite a bit. haha ... riding the bear ... tilson and LUK own some. I like this .... razor thin margins but ... i still hold slg mind you ... and have shifted into some commodities as of late. ;) TA has had a nice run up this week. Glad I took a position back in Sept. Thanks CONeal. ;) Link to comment Share on other sites More sharing options...
Josh4580 Posted October 21, 2009 Share Posted October 21, 2009 Valuegeek, very nice allocation. Can give a brief description as to why you own Clarus? Is it a special sit? Thanks Link to comment Share on other sites More sharing options...
netnet Posted October 21, 2009 Share Posted October 21, 2009 What is the Loew's stub trade? Are you short Diamond? and long L? Link to comment Share on other sites More sharing options...
Crip1 Posted October 22, 2009 Share Posted October 22, 2009 BRK 7.4% BTU 2.0% FFH 26.5% JNJ 4.7% LUK 4.3% MHP 1.3% MKL 20.0% ORH 1.6% ORH-A 11.6% SU 2.1% WFC 6.3% XTO 2.6% Cash 9.5% Link to comment Share on other sites More sharing options...
netnet Posted October 23, 2009 Share Posted October 23, 2009 Re: the Clarus trade. It's been dead money for a long time at least 3 years, if memory serves. Is there anything new that is a catalyst? Did Kanders start a SPAC? I know there was a filing way back, but I don't know what happened. Netnet Link to comment Share on other sites More sharing options...
Guest misterstockwell Posted October 23, 2009 Share Posted October 23, 2009 Valuegeek: Why L stub? Why short the major holdings? I get the idea, but wonder where the catalyst might be to realize the stub value? Interesting idea--just curious how to get out! Link to comment Share on other sites More sharing options...
ourkid8 Posted October 24, 2009 Share Posted October 24, 2009 Please see my asset allocation as of September 19, 2009. Yes, I do hold mutual funds but that is because I really respect and trust Francis Chou's judgement. I am still in debating if I should keep Mackenzie Cundill Recovery 'C'. Can anyone give me any insight? What is your opinion on my asset allocation? FFH.to 17.82% PM 12.61% JNJ 9.85% CNR.to 9.76% Mackenzie Cundill Recovery 'c' 9.40% Chou Associates 8.25% Chou Asia 7.36% TD.to 7.17% KFT 6.94% COP 6.00% USB 4.50% Cash 0.33% (This amount has grown as of September 19, 2009) Thanks, S Link to comment Share on other sites More sharing options...
Guest kawikaho Posted October 28, 2009 Share Posted October 28, 2009 10% HURN @ 19 20% STJ @ 33 STJ is my new company, and I like what I see here. Although, the health care reform could cause a hefty tax on medical device manufacturers. Link to comment Share on other sites More sharing options...
Guest kawikaho Posted November 2, 2009 Share Posted November 2, 2009 After a short foray into CIT puts, I'm now 100% cash. Looking to go 100% long soon. Economy will recover by end of year. Nice. ;) You do know that Baupost and Oaktree as well as Bill Gross are on the other end providing the funding for CIT? They obviously see some value there. For the common, there was NO value there. We'll see how those guys make out on the assets. There is a lesson to be learned here: loan sharking is a tell tale sign that a company is in dire straits. I should have re-shorted CIT after seeing the ridiculous and desperate loan terms CIT took on. CIT is a bunch of freaking morons, and the lenders are vultures. Leaves a bad taste in my mouth. Link to comment Share on other sites More sharing options...
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