Ok, I know I promised yesterday that I would try to stop making this the “all CAGAQ” blog. But a reader sent me an updated waterfall including the most recent balance sheet / income statement (through the end of march), and I thought it might be nice to show how someone else was valuing the company. The reader has also proven to be much better at navigating the complexities of bankruptcy than me, so his probably more accurate too! Continue reading »
I really enjoy the blind stock valuation challange run by Gannon, and I always regretted not participating in the first. Unfortunately for all of you, I’m giving you the best solution right here. Don’t bother trying; this is the winning answer.
The solution? Continue reading »
May 162012
First, sorry for the lack of ideas lately. Work continues to get in the way of my goal of posting one intriguing idea a day, but the good news is I have several good posts “in the hopper;” I’m just waiting for Mr. Market to cooperate and fill my order! Continue reading »
Following my early post on CAGAQ arbitrage opportunity, I got several emails / comments asking how I got to $4 per share as recovery value. I went through the math in more detail and came up w/ a minimum of $3.80 in value: here’s my updated math (if anyone comes up with some thing else or has other thoughts, please let me know). Continue reading »
I mentioned Cagle’s (CAGAQ) a few weeks ago as a potentially interesting bankruptcy situation. Last Thursday, the company announced the winning bid, which came in substantially above the “stalking horse” bid. Continue reading »
Basically none of today’s post is going to come from me. Instead, I’m going to post the contents of two emails from my friend Theodore (who runs the excellent, if infrequently updated, http://theodortonca.com/). The first are some (excellent) thought’s on yesterday’s post “what would Buffett buy today,” and the second is a very interesting British stock trading well below liquidation value. Continue reading »
This is by no means new, but the question is constantly asked “What would Warren Buffett buy today?” Would he focus on franchises? Big stocks? Small stocks? Continue reading »
I’ve mentioned AEY several times, and they remain one of my largest positions. Continue reading »
I personally think the best site for discovering net-nets and undiscovered pink-sheet / micro-cap stocks (aside from this one, of course!) is oddball stocks. The site has been the source for many of my ideas, including some of my recent string of Japanese stocks. He recently posted a new list of Japanese net-nets, and while I haven’t had time to look through them in detail (or consider investing in them!!!), the list looks very interesting and I encourage you to check it out.
Look at that: I mention Michael Burry’s former investment in GTSI, and some crazy company comes along and decides to buy the whole thing! Continue reading »
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