tag:blogger.com,1999:blog-1574061626436807984.post6357588478817259976..comments2017-05-03T13:29:44.586-07:00Comments on ShadowStock ... Deep Value, Contrarian Investing: Value anomalies reporting news for the week ending 08/13/10 Part 1ShadowStockhttp://www.blogger.com/profile/07479687972479864521noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1574061626436807984.post-13602966826313931032010-08-19T14:38:10.527-07:002010-08-19T14:38:10.527-07:00awesome John, I think once the results from their ...awesome John, I think once the results from their strategic review process comes out they will find offers for their assets that will leave multiples of the current implied value for the equity holders. If you want to talk more about it feel free to contact me via email from my q&a and we can talk in more depth. <br /><br />Even if the bank seizes the assets I think there is at least $1 in value left for equity per share. I doubt anyone will 'steal' the assets though, both Canaccord and Global Hunter are quite good and are their advisers. <br /><br />-ShaunAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-21514928674929316332010-08-16T19:06:01.028-07:002010-08-16T19:06:01.028-07:00Shaun
Its looks like you covered all the possibl...Shaun <br /><br />Its looks like you covered all the possible scenarios with CFW. Thanks for the work! Debt always scares me especially given their in violation of several bank covenants. <br /><br />BUT, the value of their energy assets are not going anywhere and investors should have faith that some reasonable price will be met in the future. Hopefully there are no loopholes for someone to steal assets at a huge discount due to some technical contract law. <br /><br />I have nothing new to add. <br /><br />Good luck<br />JohnShadowStockhttps://www.blogger.com/profile/07479687972479864521noreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-90695680447146665712010-08-16T16:13:14.053-07:002010-08-16T16:13:14.053-07:00Floris, thanks!
My approach with DVLN.OB is diffe...Floris, thanks!<br /><br />My approach with DVLN.OB is different from other holdings. The stock is very illiquid but hopefully this adds a nice alpha premium to the stock price. I was able to buy a few shares at ~.10 a few months ago but have no delusions that management is looking to increase shareholder value. But with the real estate holdings potentially below market value and a ~ .56 per share book value along with positive cash flow and net income I see the stock as a worthwhile small holding.For now, I will just forget about the stock. Hopefully over time it will provide a nice market beating return.ShadowStockhttps://www.blogger.com/profile/07479687972479864521noreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-25619122013856975352010-08-16T13:27:24.618-07:002010-08-16T13:27:24.618-07:00Hey John,
Sorry to hear about that! I would just ...Hey John,<br /><br />Sorry to hear about that! I would just like to add that as a reader I also really appreciate your work! <br /><br />I agree wholeheartedly with your analysis of ADGF (also long). Its a rare net net with a strong brand and long term earnings potential. They just make great clubs (As an avid golfer). <br /><br />Whats the idea behind DVL? I skimmend through their 10K a while back but were you able to analyze their business? Is it at all transparant how they make their money? (I havent had a close look at it).Florisnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-56596486022773604312010-08-16T09:02:42.618-07:002010-08-16T09:02:42.618-07:00Shaun
I sincerely appreciate the complements from...Shaun<br /><br />I sincerely appreciate the complements from a professional. <br /><br />It’s a struggle to work + full time and post useful information. Sorry to whine but the crushing fatigue and related problems with Multiple Sclerosis makes it that much more difficult. But having said that, it’s great to realize that experienced investors can run with the quick posts and complete the analysis to determine if it’s useful to their goals. <br /><br />I will take a look at CFW as the book value, reserves do help with the ominous bank related issues. <br /><br />JohnShadowStockhttps://www.blogger.com/profile/07479687972479864521noreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-52876621050002414422010-08-16T08:34:01.804-07:002010-08-16T08:34:01.804-07:00thanks, love the blog and have been a long time re...thanks, love the blog and have been a long time reader. There seems to be be so much more value in the micro and small cap space. Much more fun digging for mispricing here than trying to analyze GE or IBM.<br /><br />as an attempt to give back thought I'd send you this short writeup I did on an investment I find very compelling. Essentially the company is being forced to liquidate by their bank. Even if the bank seizes the assets and conducts a firesale liquidation I see 40%+ upside and 200%+ upside in an orderly sale. Would be interesting to get your thoughts. <br /><br />http://seekingalpha.com/article/219691-just-one-stock-buying-oil-reserves-in-the-ground-on-the-cheap<br /><br /><br />-Shaun Noll, CFAAnonymousnoreply@blogger.com