Portfolio
I run a concentrated value investing fund. I typically only invest in equities and rarely will buy options or debt. Options can give you over-sized returns in a short period, although I think with investing it is difficult to time the return on equities. I typically hold 10-15 shares and I’m not afraid to have most of my funds concentrated in a select few.
My current holdings (in no particular order):
- Palladon Ventures (PLL)
- Yukon-Nevada Gold (YNG)
- The Dolan Company (DM)
- Bank of America, Class A Warrants (BAC.WS.A)
- Taro Pharma (TAROF)
Do you have a report on PhotoChannel.
Is this the small company out of Canada?
Yes, PhotoChannel is out of Canada. The company provides services for retailers worldwide. There are some detailed write-ups in VIC, you should be able to view them with a Guest membership:
http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/3258
http://www.valueinvestorsclub.com/value2/Idea/ViewIdea/2613
Thanks!
any comments on ATPG? are u guys adding position at $9?
more clarity have been issued in the PR this week.
As expected, the MC941 #3 is going as planned. ATP is a good buying opportunity at current prices. I would recommend building a position slowly, leave some powder incase it gets even cheaper.
Sun Pharmaceutical announced on December 4, 2010 that they will launch a tender offer for remaining Caraco shares at $4.75 per share.
I read your article in Seeking Alpha published 8/4/09 in which you commented that Sun would pay double digits to acquire the shares not already owned. Currently, the premium is a measley 5% over Friday’s close. Do you think Sun will be forced to raise the offer based on the current financial position of Caraco?
I think the Sun Pharma offer is extremely low. When was the last time you heard that an acquirer was giving a generous 5% premium over the closing price. This is basically an attempt to steal the company. I will be contacting the independent board members of CPD to discuss this offer. I think CPD should demand a higher price or decline the going private idea.
It will be interesting to see how the Sun installed directors on Caraco’s board react. 4 of the 7 directors are Sun executives. Media exposure on this is imperative. I doubt Sun wishes anymore negative press in the U.S. market.
I’m not too optimistic about the independent directors.
What do you think about the new insider buying at HEK? Would you buy the stock at this price? What is your price target?
Thanks for your help. I enjoy all of your work.
Bill Craig
I am extremely bullish in HEK’s future prospects. I think the company could be worth multi-billions in 3-5 yrs. I was a buyer early in the year, I regret not buying more. I would like to buy more but would wait for any pullback.