Feeds:
Posts
Comments

Archive for October, 2009

FORD fires its bank, hires another one better able to spend your cash

Posted in Forward Industries Inc (NASDAQ:FORD), Net Cash Stocks, Stocks, tagged , , on October 30, 2009 | Leave a Comment »

Forward Industries Inc (NASDAQ:FORD) has fired its investment and engaged another. It looks like FORD is intent on spending the cash on its balance sheet, which is a shame. Rather than make an acquisition, they should focus on the work on their desk and pay a big dividend. There’s a half chance that the bank [...]

Read Full Post »

Tom “Net Quick” Evans

Posted in About, Activist Investors, Greenbackd, Liquidation Value, Stocks, tagged , , on October 29, 2009 | 4 Comments »

Following my Simoleon Sense interview with Miguel Barbosa, I’ve had a few requests for a post on Tom Evans. Here it is, hacked together like Frankenstein’s monster from all the public information I could track down: Thomas Mellon Evans was a one of the first modern corporate raiders, taking Graham’s net current asset analysis and [...]

Read Full Post »

A way a lone a last a loved a long the riverrun

Posted in About, Activist Investors, Greenbackd, Liquidation Value, Stocks, tagged , , on October 28, 2009 | 6 Comments »

We’ve just completed an interview with Miguel Barbosa of the wonderful Simoleon Sense. Go there now, and get trapped in an endless loop as you are recirculated back here and so on.

Read Full Post »

Watchlist: Leadis Technology Inc (NASDAQ:LDIS)

Posted in Leadis Technology Inc (NASDAQ:LDIS), Liquidation Value, Stocks, tagged , on October 28, 2009 | 4 Comments »

Yesterday was the record date for the first dividend in the liquidation of Leadis Technology Inc (NASDAQ:LDIS). The dividend is likely to be approximately $0.93 per share. The board estimates that “if we are able to dispose of substantially all of our non-cash assets, the aggregate amount of all liquidating distributions that will be paid [...]

Read Full Post »

Digirad Corporation (NASDAQ:DRAD) Q3 2009 update

Posted in Digirad Corporation (NASDAQ:DRAD), Net Net Stocks, Stocks, tagged , , , on October 27, 2009 | 7 Comments »

Digirad Corporation (NASDAQ:DRAD) has filed its 10Q for the quarter ended September 30, 2009. We started following DRAD (see our post archive here) because it was an undervalued asset play with a plan to sell assets and buy back its stock. The stock is up more than 167% since we started following it to close [...]

Read Full Post »

Stockmarket overvalued by 40%

Posted in About, Value Investment, tagged , on October 26, 2009 | 3 Comments »

The FT Alphaville blog has a post, The US stock market is overvalued by 40%, based on a recent research report, The US Stock Market: Value and Nonsense About It, from Andrew Smithers of London-based research house Smithers & Co. According to the FT Alphaville blog, Smithers says there are only two ‘valid’ ways to [...]

Read Full Post »

Iconic Value vs Glamour research receives an update

Posted in About, Greenbackd, Stocks, Value Investment, tagged , , , on October 23, 2009 | 11 Comments »

In a new paper Value vs Glamour: A Global Phenomenon (via SSRN)  The Brandes Institute updates the landmark 1994 study by Josef Lakonishok, Andrei Shleifer, and Robert Vishny investigating the performance of value stocks relative to that of glamour securities in the United States over a 26-year period. Lakonishok, Shleifer, and Vishny found that value stocks [...]

Read Full Post »

VXGN board sued by shareholders over OXGN deal

Posted in Activist Investors, Net Cash Stocks, Net Net Stocks, Stocks, VaxGen Inc (OTC:VXGN), tagged , , , on October 22, 2009 | 24 Comments »

Disgruntled VaxGen Inc (OTC:VXGN) shareholders have initiated a class action against the board of VXGN over possible breaches of fiduciary duty in the sale to OXGN. The board certainly deserves the suit because of the appalling deal struck with OXGN. Priced at a discount to VXGN’s net cash and liquidation values, and payment in the [...]

Read Full Post »

Fickle is Einhorn

Posted in About, Austrian Economics, Greenbackd, Stocks, tagged , , on October 21, 2009 | 3 Comments »

Rolfe Winkler of Reuters blog Contingent Capital has a great summary of David Einhorn’s talk to the Value Investing Congress. Despite what we say in the title, Einhorn is hardly fickle (we just couldn’t resist). If anything, he’s stubborn to a fault, so it is interesting that he’s changed his mind so dramatically about the [...]

Read Full Post »

Brains or a bull market?

Posted in About, Greenbackd, Value Investment, tagged on October 20, 2009 | 1 Comment »

The old Wall Street saw, variously attributed to Warren Buffett or Humphrey B. Neill, author of the Art of Contrary Thinking, goes, “Never confuse genius with a bull market.” With that in mind, we present to you the performance of the Wilshire 5000 Equal Weight Index, which is one of the broadest measures of the [...]

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 974 other followers