tag:blogger.com,1999:blog-1574061626436807984.post7928639537069258915..comments2017-05-03T13:29:44.586-07:00Comments on ShadowStock ... Deep Value, Contrarian Investing: Four Net Cash BargainsShadowStockhttp://www.blogger.com/profile/07479687972479864521noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-1574061626436807984.post-40460836227347501042009-05-11T08:06:00.000-07:002009-05-11T08:06:00.000-07:00I've been looking at a company called Ambase - ABC...I've been looking at a company called Ambase - ABCP. Other than the rent on a building they own and the interest earned on cash, they don't run any other businesses. They have cash and real estate that's 4 times the stock market value. Management seem to be crooked, paying themselves nice salaries when the company really needs to be liquidated.<br /><br />Management only own a few percent of the company, so there's no reason why shareholders can't vote them out and liquidate! If you could round up 200 people and have them invest $10,000 each, you could take control of the company and double or triple your money.<br /><br />If I could find 199 other like-minded people, I would chip in :)Carrigalinehttps://www.blogger.com/profile/04715124324738510772noreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-62035361906467030972009-03-25T17:51:00.000-07:002009-03-25T17:51:00.000-07:00Great,thanks for taking the time to respond. with ...Great,thanks for taking the time to respond. <BR/><BR/>with a full time job +, it can be rough putting together something useful.<BR/><BR/>JohnShadowStockhttps://www.blogger.com/profile/07479687972479864521noreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-55540484375519717892009-03-25T11:02:00.000-07:002009-03-25T11:02:00.000-07:00thanks man! your site is fun and always thought pr...thanks man! your site is fun and always thought provoking! look forward to more of your work! these micro caps with zero debt and big cash flow are super interesting.<BR/><BR/>cheers man!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-496779787546916242009-03-18T18:59:00.000-07:002009-03-18T18:59:00.000-07:00Thanks, its tough as it seems the rules have chang...Thanks, its tough as it seems the rules have changed.<BR/><BR/>I'm just trying to pass along unique off beat ideas coupled with research.<BR/><BR/>JohnShadowStockhttps://www.blogger.com/profile/07479687972479864521noreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-50074424772914164332009-03-18T09:25:00.000-07:002009-03-18T09:25:00.000-07:00nice call on FNET man, check them out.nice call on FNET man, check them out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-52157066771890926392009-03-09T20:02:00.000-07:002009-03-09T20:02:00.000-07:00Thanks for the comment. I create my own programs t...Thanks for the comment. <BR/><BR/>I create my own programs to use edgar filings. <BR/><BR/>Sorry, but Yahoo ketstat section does give you the cash per share. <BR/><BR/>JohnShadowStockhttps://www.blogger.com/profile/07479687972479864521noreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-75549251355592611362009-03-07T13:36:00.000-08:002009-03-07T13:36:00.000-08:00That is one hell of a good article. I always enjoy...That is one hell of a good article. I always enjoy learning about value investing strategies.<BR/><BR/>One question - where do you screen for net cash stocks? Yahoo Finance?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-82873801646413649712009-02-20T14:07:00.002-08:002009-02-20T14:07:00.002-08:00nevermind, i see it now on page 7 and 8 of FNET 10...nevermind, i see it now on page 7 and 8 of FNET 10q, however the numbers still don't see to match up quite exactly, not sure where the small differences are being accounted for. they do indeed though have 12.9M$ in auction rate securities on their books at the moment. you can see short term investments turn to long term investments in the balance sheet and that is where the ARS lost liquidity and then you can see the cash balance increase as they have liquidated them. dumb ass CFO put so much of their cash in ARS. no wonder he left the firm in january...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-54218028649998540122009-02-20T14:07:00.001-08:002009-02-20T14:07:00.001-08:00nevermind, i see it now on page 7 and 8 of FNET 10...nevermind, i see it now on page 7 and 8 of FNET 10q, however the numbers still don't see to match up quite exactly, not sure where the small differences are being accounted for. they do indeed though have 12.9M$ in auction rate securities on their books at the moment. you can see short term investments turn to long term investments in the balance sheet and that is where the ARS lost liquidity and then you can see the cash balance increase as they have liquidated them. dumb ass CFO put so much of their cash in ARS. no wonder he left the firm in january...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-46453132192646618282009-02-20T14:07:00.000-08:002009-02-20T14:07:00.000-08:00nevermind, i see it now on page 7 and 8 of FNET 10...nevermind, i see it now on page 7 and 8 of FNET 10q, however the numbers still don't see to match up quite exactly, not sure where the small differences are being accounted for. they do indeed though have 12.9M$ in auction rate securities on their books at the moment. you can see short term investments turn to long term investments in the balance sheet and that is where the ARS lost liquidity and then you can see the cash balance increase as they have liquidated them. dumb ass CFO put so much of their cash in ARS. no wonder he left the firm in january...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-41676932974925371522009-02-20T12:42:00.000-08:002009-02-20T12:42:00.000-08:00where are you seeing that about the auction rate s...where are you seeing that about the auction rate securities with FNET?? i'm not finding it...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-84144528674173479862009-02-20T12:18:00.000-08:002009-02-20T12:18:00.000-08:00any idea who/what happened on 12/30/08? looks lik...any idea who/what happened on 12/30/08? looks like a HUGE block of shares traded. i can't tell anymore than that with the resources i have either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1574061626436807984.post-26875712719917885262009-02-18T23:37:00.000-08:002009-02-18T23:37:00.000-08:00Actually, take a closer look at FortuNet. It has ...Actually, take a closer look at FortuNet. It has an even higher cash balance then reported here. They had some auction rate securities that are not listed as cash equivalents at this point and instead long term assets. The auction rate securities are as good as cash now and that brings the cash total to about $32 million dollars or almost $3 per share. And this is a profitable company trading at just $1.50 per share!!! Won't stay this way for long once people figure this out. Stock is worth at least $5/share.Anonymousnoreply@blogger.com