XMFRoyal

Boards Post

XMFRoyal replied to the Jim Royal board. 9:02 PM

Re: Recession planning

Hey, srockaz, It's definitely still a priority. I'm trading out things that are not likely to go up much more, but only when they hit a price that's close to their recent highs. For example, I sold out of PSA a couple days ago as it hit [more]

Boards Post

XMFRoyal replied to the Jim Royal board. 8:52 PM

Re: DWDP - spin 1 (DOW) on 4/1

Yes, the trading is getting more interesting now that the time horizon is really short and people aren't afraid to hold a few weeks to get a piece of the new company that they really want.

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 11:10 PM

Re: This Is What Headline Risk Looks Like - CLNY

Yeah, hmmmm... Any possibility that this was part of the reason CLNY dropped to mid-$4s late last year? News escaped that this was in the works, and a few people traded on it?

It's all guesswork anyway...

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 6:23 PM

Re: zayo

Hey, guys,

Maybe you've seen this already?

http://yetanothervalueblog.com/2019/01/zayo-for-sale.html

It's going to do a quicker, better job [more]

Boards Post

TMFRoyal replied to the Jim Royal board. 6:32 PM

Re: GLIBA big stock price jump

Yeah, CHTR came out with solid earnings, though no idea why this was a big surprise to the market. They should have another good year in 2019, and hopefully we see the stock finally break out of the funk it's been in since mid-2017. Mr. Market [more]

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TMFRoyal replied to the Jim Royal board. 6:27 PM

Re: zayo

Ok, guys, lemme have a look.

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 6:56 PM

Re: CTRE

Yeah, we're over $22 (though closed below that today a bit). The July $20s showed a spread of 0.50-0.70, with a last trade of $0.53. However, I don't know how stale that trade is, though it may be alright. This stock was down at $13 about 9 [more]

Boards Post

TMFRoyal replied to the Jim Royal board. 9:42 PM

Re: CNNE Update

Thanks, Randy! CNNE has definitely become a different beast with the acquisition of DNB. Let's see what Foley et al can do with it.

Jim

Boards Post

TMFRoyal posted to the Jim Royal board. 4:25 PM

CTRE

Greg Stapley is getting pretty cheap equity funding up here above $21 a share. I wonder if he takes advantage of it. They've been good about issuing stock opportunistically. Now is a great time to do that.

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 10:45 PM

Re: CLNY To Take Over Abraaj Latin American

Ah, thanks, Frank. Yeah, CLNY has been working on some kind of deal with Abraaj for quite a while. IIRC, they wanted the whole company in mid-2018, but that fell through relatively quickly. But it looks like they've hived off a nice chunk. [more]

Boards Post

TMFRoyal replied to the Jim Royal board. 3:21 AM

Re: Good News For SRC

Yeah, SRC seemed to be a little too rah-rah about this development, protesting too much about what a wonderful thing it was. Yeah, this is not the worst thing, but really how good is it?

The good part is that it accelerates various payments, [more]

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TMFRoyal replied to the Jim Royal board. 10:46 PM

Re: CLNY is down 8%

Also recall they're out marketing their non-core portfolio, which they estimate at $1.9 bn in net proceeds (so actual equity value). The market cap is $2.9 bn. They'll have to use some of that cash to pay down preferreds (Series B, I [more]

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TMFRoyal replied to the Jim Royal board. 8:10 PM

Re: Teekay Offshore Partners

Awesome. Thanks for the perspective, Doug.

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 6:40 PM

Re: Teekay Offshore Partners

Hey, David,

So TOO was paying about $16.4 mn in common dividends a year, compared to about $32 mn run rate for its preferreds, which have around $384 mn outstanding. For more context they dumped $488 mn into capex over the last four [more]

Boards Post

TMFRoyal replied to the Jim Royal board. 3:11 PM

Re: CTRE upgraded to strong buy by Raymond James

Hmm... Did they upgrade the stock when it was $13? Now it's trading somewhere near its 52-week high, though still 10% lower.

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 5:46 PM

Re: Gabelli at 16.4% of Liberty Braves...

Wow -- quite a stake. What are the odds that Liberty Braves parcels out the various elements here a la MSG?

Jim

Boards Post

TMFRoyal posted to the Jim Royal board. 11:03 PM

Happy New Year!

May your 2019 be wonderful and prosperous!

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 1:10 PM

Re: MSGN v. YES

Hmmm.... that's interesting.

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 10:37 AM

Re: CNNE Update

One other caveat on using PZZA: aren't they primarily a franchisor? That's not the case for CNNE's brands, which are owner-operated. So that's a substantially different business model.

Jim

Boards Post

TMFRoyal replied to the Jim Royal board. 11:19 AM

Re: CLNY Headline Risk

Yeah, I seem to recall that, Rob.

Jim