XMFRoyal

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XMFRoyal replied to the Jim Royal board. 2:21 AM

Re: IAC dbl spinout leaves stub @ -$2B

Let the arb begin? That's a striking discount.

Jim

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XMFRoyal replied to the Jim Royal board. 2:22 PM

Re: SMTA

Yeah, on transactions where they pay out above some threshold of the total price -- 25%, I think -- the ex- date is actually after the record date.

See: [more]

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XMFRoyal replied to the Jim Royal board. 12:41 AM

Re: A question to Jim

Kingran, check what Rob says on the potential for having an IRA. I was not aware that any income gets you a $2,000 contribution potential, but the rules have shifted a lot. My understanding is that you can contribute only up to your earned income. [more]

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XMFRoyal replied to the Jim Royal board. 6:25 PM

Re: PNTG

An index move would have been announced. This is a relatively low market cap, so not a lot of volume out there for investors to buy. So I suppose it's just a lot of investors trying to fit through a small door.

Jim

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XMFRoyal posted to the Jim Royal board. 8:47 PM

PNTG

Well, ENSG's spinoff of PNTG has flown out of the gate, and I'm at a loss to understand why. At $16 or so, it looked like the stock was trading ~34x 2019 earnings. And while the company was growing relatively quickly, it's not clear to me [more]

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XMFRoyal replied to the Jim Royal board. 6:28 PM

Re: SMTA

Hey, David,

The way I read the press release was that there would be at least a few days between when they paid the dividend and when the stock stopped trading. It may end up being a moot point, since the stock moved up another 12 cents [more]

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XMFRoyal replied to the Jim Royal board. 12:25 AM

Re: SMTA

Hey, Bruiser,

So I qualified my claim with "once the distribution is paid." So even at today's price of $8.54 less the $8 dividend, we're left with $0.54 per share, which is well within the range of a double if the [more]

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XMFRoyal replied to the Jim Royal board. 12:17 AM

Re: Nuance spinoff Cerence

It's really plunged since the WI trading, hasn't it?

Jim

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XMFRoyal posted to the Jim Royal board. 6:24 PM

SMTA

http://investors.spiritmastertrust.com/file/Index?KeyFile=40...

Ok, so we get some details on the wrap-up here. We've got a few competing forces that may [more]

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XMFRoyal replied to the Jim Royal board. 8:47 PM

Re: Altaba Trading Halted As of Wednesday

Excellent, Frank!

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XMFRoyal replied to the Jim Royal board. 10:40 PM

Re: FTDR

And 4 weeks later GME is looking pretty good, and even has insiders buying at $5 per share.

Jim

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XMFRoyal replied to the Jim Royal board. 10:38 PM

Re: Altaba Trading Halted As of Wednesday

Awesome, Frank. I hope you made a killing on this!

Jim

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XMFRoyal replied to the Jim Royal board. 12:07 AM

Re: Nuance spinoff Cerence

Ok, at $22 per share, I get CRNC trading at ~$785 mn market cap. Debt is about $410 mn, though they do have $110 mn in cash and equivalents. So EV is about $1,085 mn. With EBITDA at about $100 mn, we're looking at EV/EBITDA of about 11x and [more]

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XMFRoyal replied to the Jim Royal board. 11:27 PM

Re: CLNY will be presenting at BAML next week

So I just listened to the CLNY presentation, and here are some thoughts.

First, it looks like they've got a real CEO in there who knows the business they're moving into well. He built a former company from the ground, and then sold [more]

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XMFRoyal posted to the Jim Royal board. 2:36 AM

UHAL

https://www.barrons.com/articles/stock-of-u-haul-parent-is-o...

Jim

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XMFRoyal replied to the Jim Royal board. 2:02 PM

Re: CLNY will be presenting at BAML next week

Thanks for the link. This should be interesting.

Jim

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XMFRoyal replied to the Jim Royal board. 11:30 PM

Re: CLNY will be presenting at BAML next week

I need to dig into this and read the transcript, if it's available. The stock has really perked up here recently after being slammed. Tower REITs have done pretty well, huh? Now CLNY wants a piece of that as well as other pies.

If [more]

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XMFRoyal replied to the Jim Royal board. 11:26 PM

Re: Nuance spinoff Cerence

Let me look into this one some more. Software and cars are a powerful combo, and this is exactly the kind of thing that will never look cheap but that could deliver great long-term returns. I need to read more about this, but on the surface it looks [more]

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XMFRoyal replied to the Jim Royal board. 1:20 AM

Re: GLIBA - anyone in it ?

Hey, Anurag,

I've bailed on my GLIBA and LBRDA/K positions in the last couple months, following the run-up over the last 12-14 months or so and given my concerns about peaking economic growth. CHTR is up around 50% from its lows, a [more]

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XMFRoyal replied to the Jim Royal board. 1:09 AM

Re: Altaba Arbitrage Opportunity

Thanks, Frank. My biggest worry here is that you'll have to endure the movement of the underlying stock and over a longer time period, too. That said, it could go up as well as down. I'm not the most sanguine on the market now, as I'm [more]