I'm going to start taking a look into PG. It's interesting that Ackman bought a huge stake while Buffet is decreasing his stake.

Anyone got any opinion on OPK as a pure insider buying play? Frost the CEO owns I think 38% of the company himself. 1 of the top 200 richest people in America, has a made a killing on building biotech companies. Stock has been basically flat for the last 8 months or so....Frost does keep accumulating though and doesn't seem like the type to lose, a lot of short action on this 1 though. Seems like its him vs the shorts and the winner is going to win big either way.

Read about their pipeline and ask yourself how if they will be able to monetize it. If you feel this is out of your circle of competence, then do not invest. If you think that the pipeline is good, post here saying why.

Do you believe alpha means anything? If so, why?

Bought more DWA today.

Wow. Why? It doesn't look particularly cheap.

You can see some of my thoughts on it in post 168 in this thread. Since then though Madagascar 3 has done better than expected, they've announced their plans for a theme park in New Jersey, and they have another two TV shows coming out (in addition to Penguins of Madagascar, Kung Fu Panda Legends of Awesomeness, and the How to Train Your Dragon show that starts airing in fall).

I think they got a good deal on the Classic Media purchase.

I just scanned through this thread. The vast majority of picks underperformed the S&P 500. ACOM is up almost 50% since you made this post -- trading at 31.85 at the moment.

Congrats! The market answered your question.

What specifically made ou decide to sell ASFI?

Here is a chart I made today of the average foreign box office of DWA's movies. And the Madagascar 3 numbers don't include Portugal, Taiwan, Spain, Japan, Sweden, Denmark, Hong Kong, Finland, Norway, Poland, Slovenia, Italy, Greece, Australia, New Zealand, Germany, Ireland, and UK where it's not out yet. Not that the addition of those would really bump the average by more than I dunno 2 or 3.



I'm gonna do some more of these with other numbers, like domestic, combined, and library.

I agree that it doesn't look cheap. Didn't you say you wanted to wait for a 1.25billion market cap before adding?

Yea a while ago I said I would love to add more if it fell to there. Between the time I made that post and now though, I have raised a pretty significant amount of cash selling off some/all of a few of my positions (although I largely offset this with a terrible WSOP ) and DWA's made moves that I like.

I read the proxy and management's bonus isn't tied to any quantitative measure. It is a subjective process. Also, not really thrilled the CEO and Chairman are the same person. Also, didn't care for these related party transactions:

In connection with the Venture, A.L. Piccolo & Co., Inc., (“A.L. Piccolo”) which is owned by Louis Piccolo, a director of the Company, will receive a fee from Pegasus which is calculated at $350,000 per $10,000,000 loaned to Pegasus by Fund Pegasus, LLC, a newly-formed subsidiary of the Company, up to a maximum of $700,000, which fee is payable over eight years with payments being made in part from Pegasus’s operating expenses during the Term and thereafter by PLF and its affiliates. One of our subsidiaries is advancing to Pegasus funds to cover Pegasus’s operating expenses, which include payments to A.L. Piccolo. We expect these advances to be repaid by Pegasus after generating revenue from its litigation funding operations.

On December 12, 2011, the Company and A. L. Piccolo entered into a Consulting Agreement (the “Consulting Agreement”) pursuant to which Mr. Piccolo, through A.L. Piccolo, will provide consulting services to us over a two year period in connection with acquisitions, due diligence and other duties related thereto. In consideration for these services, we will compensate A. L. Piccolo as follows: (i) an annual fee of $150,000 per year; (ii) a bonus of $25,000 per consummated transaction (excluding currently pending transactions); (iii) an annual option to purchase 30,000 shares of the Company’s Common Stock, which vests in equal annual installments over a three-year period; and (iv) a bonus as determined by our chief executive officer in his sole discretion.


Also, I have no idea how their joint ventures will perform, could be good or bad. I'd rather invest in a better business that is cheap or invest in a situation with a specific catalyst.

Regarding longer term investing, is it ever a good idea to try to wait for a stock to drop below a target PEG ratio before buying?

For example if DWA had a PEG of 2.5 and you wanted to buy it below 2...

Sure.

If the flexibility and liquidity of the cash is more valuable to your portfolio than, for example, DWA which you have your eye on, until DWA's PEG falls below 2, then of course you're going to want to wait. It very well may be that for a whole position that that's true but perhaps at the current price your portfolio would be better off with 1/3rd of the theoretical DWA cash converted into DWA, even without the PEG hitting your goal.

If your positions are going to be large enough I think a good idea is to buy positions in pieces. Instead of just waiting for it to fall to an essentially arbitrarily lower price before buying a whole position you could buy 25% of one now and then increase it if/as the stock price gets cheaper.

Definitely nothing wrong though with just looking at something longingly but having the discipline to wait for it to get cheaper. Gotta have that discipline.

SVU, RSH, CECO, NOK, and DEXO are risky but worth it imho. Aluminum over gold.

City National Bank in Los Angeles?

"Although stung by losses on construction loans and commercial mortgages during the recent recession, City National avoided the subprime home loan and trading debacles that flattened larger rivals. In a burst of acquisitions, branch openings and new lending since 2008, assets have increased 50%, with profit growing from $51 million in 2009 to $172 million in 2011 and trending higher this year.

The stock is still down 27% from five years ago. But that beats a 33% decline in a national index of regional bank stocks, and investors so far seem content to let the family-controlled bank (the Goldsmiths' stake is nearly 15%) determine its own course."

MAKO is great at its current level in my opinion. With the rescent beat, and increase in procedures means, an increase in sales of disposable parts for the RIO, and the recent acquisition of one of ISRG's top sales guys makes me really like where they are headed.

Sales is all about who ya know, and this guy knows the right people.

The title of this thread is with regard to investing, not speculating on what the future price of a metal will be.

Makes me sad to sell something that has done me so well and isn't at all a broken business but if ITIC climbs over $60 again I think I'm gonna have to sell off a bit more of my position. Earnings are pretty good but I bought it for the great balance sheet and discount to tangible book.

Just subscribing for now, good thread.

SILC -- an isreali company -- their bread and butter is NICs, but they have a bunch of new products that are ramping up right now. Growth has slowed some what but it's still good and the stock is absurdly cheap 10x pe, but less than 5x PE ex cash -- super thinly traded. Not sure what they'll do with the cash haven't done any acquisitions in the last few years so unlikely to waste it.
I'm long at 14.00.

GRVY - I bought it around $1.65. I wanted to like it. basically they have $42 million coming to it when RO2 goes international (not in 1 shot though) . But they'll have to take some losses if it doesn't go international. From all my research this game RO2 is a DUD. I sold it around $1.62-$1.64 took my 3 days to get out. (the reviews on the game haven't been good and the # of people playing the game is way down.).

I'm starting to feel the same about GRVY, though I will wait until the annual report. Since they're trading at essentially cash, there's no harm in waiting.

AGO will soon exceed GRVY as my largest position. 50% discouted to book, an absurd 75% discount to adjusted book, pays dividend, highly profitable as they're essentially the only game in town. Their management is also the best that I've ever seen for any company.

My long positions of AGO, ANAT, GRVY, GILD and MRVL make up 95% of my portfolio.

Happy that the Berkshire Hathaway bought some NOV (just disclosed purchase happened in the 2Q), which I went long with earlier in the year.

http://www.bloomberg.com/news/2012-0...ell-stake.html

Trying to do some due diligence on ISCA, ALGT, IFF, and MKC.