I’m not very familiar with valuing energy trusts but from the looks of things, it looks like an opportunity.

As for financial stocks, it’s not that I hate them, I just don’t know how to value them properly and with so many stock ideas I have already, just could never find the time to learn.
If you could write something up, that would be bloody fantastic!

Thanks for your view.

Cheers,

My DISK position is only $98 at the moment so I haven’t bothered following it at all. But if I think about the economics of the company, it’s going to be real tough. After all, the assets dont’ cost anything to maintain but most of it is still intangible.

DISK will probably stay in my portfolio until it either recovers or goes bankrupt.

Thank you for sharing with your results. Have you given up DISK yet? What is your thoughts on JH Partner’s 90% possible dilution if it goes through? Can JH partner turn around DISK? What would be the attractive price for the cigarette butt situation?

Thanks,

Josh

Im real glad that you took advantage of the good stuff.
I think I’m in some sort of a rut the past few weeks when it comes to finding ideas. I just don’t seem to be able to see something I like.

@ Tyler,
Check out the post I wrote for the investment tracking spreadsheet.

Happy New Year and all the best to you and your family… yes, I realize it’s a bit late

Anyway, great job with your portfolio. That’s an amazing return. Congratulations.
.-= Sivaram Velauthapillai´s last blog ..2009 Asset Performance =-.

@ Mechanonuke,
I usually keep it set to 50% but you are right. In a fire sale, assets could go for 25% but in the likelihood that the company isn’t liquidating but just in a difficult period, 50% is more than fine with me.

In the NNWC spreadsheet the Inventory BV multiplier is set at 50%. Do you ever use less? Reason I ask is because I tend to use a lower multiplier based on the type of business, dependent on if I guesstimate that the inventories are illiquid or only sellable at firesale prices.

PRCP seems interesting. Shr price is made up of ~78% cash/equivalents. Very close to 0 NNWC with very little debt. And an on going business in an out of favor sector. Worth a more detailed look.

I want to know what you think about of potential KFT and Cadbury merger? Do you think that merger with *new* sweedened deal will destroy shareholders value as Buffet thinks?

@ Ankit & Edward
I actually wrote about SALM here and there in the comments and forums but not a specific post.

To sum it up briefly, if you look at SALM on its own, it is a debt ridden company. But if you look at the economics of the industry and business, it becomes very attractive.

High penetration rates, high ad effectiveness, lots of FCF.

So if you have a proven business that produces much more FCF than the interest payments and the company has been paying off debt and within the debt covenant, what’s there not to like?

The idea and reasoning is really simple actually.