Seahawk Drilling, Inc. (NASDAQ:HAWK), which I’ve posted about before, has taken a pounding over the last few days, down over 11% just yesterday to close at $9.61. It seems crazy to me. HAWK is cheap as a going concern, but with its market capitalization at $113M, it’s now at a hefty discount to its liquidation value. Here’s [...]
Archive for June, 2010
HAWK liquidation values
Posted in About, Liquidation Value, Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged Liquidation Value, Seahawk Drilling (NASDAQ: HAWK) on June 30, 2010 | 7 Comments »
Broyhill Asset Management on The St. Joe Company (NYSE:JOE)
Posted in Stocks, tagged Broyhill Asset Management, The St. Joe Company (NYSE:JOE) on June 29, 2010 | 3 Comments »
Further to my post yesterday on The St. Joe Company (NYSE:JOE) Chris Pavese of Broyhill Asset Management has submitted to Zero Hedge a comprehensive take on JOE: Baron Rothschild, an 18th century British nobleman, is credited with saying, “The time to buy is when there’s blood in the streets.” Fast forward to today, and one [...]
The long and short of The St. Joe Company (NYSE:JOE)
Posted in Stocks, tagged The St. Joe Company (NYSE:JOE) on June 28, 2010 | 11 Comments »
The St. Joe Company (NYSE:JOE) owns approximately 577,000 acres of land concentrated primarily in northwest Florida, as well as approximately 405,000 acres in the coast of the Gulf of Mexico. The stock has been pummelled by the downturn in Florida real estate and the ongoing oil spill in the Gulf of Mexico. The stock is a perennial favorite of [...]
Primus Telecommunications (OTC:PMUG)
Posted in About, Stocks, tagged Primus Telecommunications (OTC:PMUG) on June 25, 2010 | 2 Comments »
Primus Telecommunications (OTC:PMUG) is an interesting post-reorganization equity. Both Farukh Farooqi at Oozing Alpha and Wally the Tiger at Zero Hedge have written about it recently. Here’s Farukh Farooqi’s take (via Oozing Alpha): Last week, Primus Telecom announced Q110 results which handsomely exceeded my expectations and Plan Projections. In my opinion, Primus is one of the most attractively [...]
Value Investing Congress October 12-13, 2010
Posted in Stocks on June 24, 2010 | Leave a Comment »
Join us for the 6th Annual New York Value Investing Congress, taking place October 12 & 13, 2010 in New York City, to learn and profit from some of the world’s most extraordinary money managers. You’ll (L)EARN with: David Einhorn, Greenlight Capital Management Lee Ainslie, Maverick Capital John Burbank, Passport Capital J Kyle Bass, Hayman [...]
Andrew Shapiro updates Reading International Inc (NASDAQ:RDI): Index Fund Selling Presents Unique Liquidity Opportunity
Posted in Activist Investors, Lawndale Capital Management, Reading International Inc (NASDAQ:RDI), tagged Andrew Shapiro, Lawndale Capital Management, Reading International Inc (NASDAQ:RDI) on June 24, 2010 | 4 Comments »
Andrew Shapiro, President of Lawndale Capital Management, has provided an update on Reading International Inc (NASDAQ:RDI) (see the RDI post archive here. Andrew has also responded to commenters in the first post.): Reading International: Index Fund Selling Presents Unique Liquidity Opportunity As previously reported in mid-May, movie exhibitor and real estate developer Reading International (NASDAQ: RDI) announced [...]
Niederhoffering the system
Posted in About, Contrarian investment, Stocks, tagged Victor Niederhoffer on June 23, 2010 | Leave a Comment »
Slate has a superb interview with Victor Niederhoffer, who I think is one of the most interesting people in finance (or elsewhere, for that matter). A friend gave me his book The Education of a Speculator when I was about 19. It’s a wonderful window into an eclectic, humble intellect, and a great read. Slate introduces [...]
The Forbes’ Buffett Cannon
Posted in About, Value Investment, Warren Buffett, tagged Warren Buffett on June 22, 2010 | 3 Comments »
Forbes has released Forbes on Buffett, a compendium of articles on Warren Buffett, beginning with a November 1969 article on his early investment partnership: …Buffett is what is usually called a Wall Streeter, a Money Man. For the last 12 years he has been running one of the most spectacular investment portfolios in the country. [...]
Whitney Tilson and Glenn Tongue on BP Plc (ADR) (NYSE:BP)
Posted in About, Stocks, Value Investment, tagged BP Plc (ADR) (NYSE:BP) on June 21, 2010 | 3 Comments »
Whitney Tilson has received some criticism for his apparent lack of “analysis” on his position in BP Plc (ADR) (NYSE:BP). I think the criticism is a little unwarranted. Here Tilson and his partner Glenn Tongue discuss T2′s take on BP (Jacob Wolinsky’s Scribd via Zero Hedge): We recently established (and disclosed publicly on CBNC; see [...]
DDI interviews Greenstone Value
Posted in About, Stocks, Value Investment, tagged Greenstone Value Opportunity Fund on June 18, 2010 | Leave a Comment »
Distressed Debt Investing has a first-class interview with the Greenstone Value Opportunity Fund. The story of the launch of Greenstone is worth the price of admission alone: Talk a little bit about your background. How did the two of you come together to launch Greenstone? Tim has worked his entire career in the financial services industry. [...]
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