XMFRoyal

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XMFRoyal replied to the Jim Royal board. 2:23 AM

Re: NRE

Right, a deal, not "the" deal. The big positive is that CLNY is getting rid of the management contract, meaning that there's not a lot of reason for the stock to trade much below NAV. (That said, this company is sitting on a pile of [more]

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XMFRoyal replied to the Jim Royal board. 11:07 PM

Re: NRE

I continue to own a few percent in NRE and am watching to see what happens here. Hopefully we see a resolution at a nice premium to today's price.

Jim

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XMFRoyal posted to the Jim Royal board. 10:47 AM

JAX

In case anyone is still following this:

http://yetanothervalueblog.com/2019/05/j-alexanders-could-be...

Jim

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XMFRoyal posted to the Jim Royal board. 11:20 AM

DuGan's newest venture

[more]

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XMFRoyal replied to the Jim Royal board. 8:15 PM

Re: ZAYO

The latest news on NRE that I've seen is that there are a couple European players who'd like to fold it into their assets. So I'm still thinking that we get around $19.50 per share on this one. However, they've got all this excess [more]

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XMFRoyal replied to the Jim Royal board. 8:13 PM

Re: ZAYO

Is there some reason not to do a bull call spread, going long the 32.5 and short the 35? That lowers your net effective debit. Maybe those have evaporated, though?

However, I'm surprised the stock still trades so low relative to the deal [more]

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XMFRoyal posted to the Jim Royal board. 8:38 AM

ZAYO

And ZAYO finally gets its buyout offer. Hopefully we see a compelling deal for NRE shortly, yoo.

Jim

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XMFRoyal posted to the Jim Royal board. 8:32 PM

ENSG spinoff

ENSG just announced a spinoff of its senior living, home health et al operations.

[more]

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XMFRoyal replied to the Jim Royal board. 9:03 PM

Re: FWIW

Also, IB pays something like 1.9% on cash balances, and they're likely to move that higher if interest rates move up. So maybe it's worth your time to move it or maybe not.

Jim

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XMFRoyal replied to the Jim Royal board. 9:01 PM

Re: FWIW

Yeah, I'm slowly moving out of various things as they hit my sell target and into a 2.5% bank account. Obviously, no price risk there. ;-)

Jim

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XMFRoyal replied to the Jim Royal board. 8:40 PM

Re: Where's the next super compelling situat

Thanks for the link to the Barrons piece, Rob. On their math, KAR really does look interesting, doesn't it?

Jim

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XMFRoyal replied to the Jim Royal board. 9:31 AM

Re: QCOM victory!

Sure, but the stock is a different beast than the options, which is what I speaking to. Unless there's a lot of time left on those options (and especially if there isn't), it's often a good decision to close them once you've got your [more]

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XMFRoyal posted to the Jim Royal board. 9:32 PM

Where's the next super compelling situation?

Man, I'd love to see another situation like we did at BOBE -- where we were demonstrably paying for only one of the businesses and getting the other for free or more than free. Plus we had an activist holding management's feet to the fire. [more]

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XMFRoyal replied to the Jim Royal board. 9:24 PM

Re: QCOM victory!

Well, you're gonna have to give others a lot more credit than me, Vince. I only opined positively after seeing that massive buyback authorization, which they wasted no time in using. That's the kind of bold move that I like. [more]

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XMFRoyal replied to the Jim Royal board. 8:23 PM

Re: DWDP --> DWDP1 --> ??

I would have LOVED that category!

Jim

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XMFRoyal replied to the Jim Royal board. 5:44 PM

Re: DWDP --> DWDP1 --> ??

Hey, Vince,

Yeah, they'll have to adjust these again when Corteva and DuPont officially split, projected to be on 6/1. Then the exchange will show how this is being treated exactly. But we're getting a reverse split before then, so [more]

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XMFRoyal replied to the Jim Royal board. 3:46 PM

Re: CTRE

Their debt/EBITDA was already at ridiculously low levels, 3.x or so, so they could have easily NOT taken on more debt and funded the deal with equity that they had already issued in the prior months in anticipation of THIS deal. They are absolutely [more]

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XMFRoyal replied to the Jim Royal board. 10:55 AM

Re: CTRE

I quote myself: "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."

And [more]

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XMFRoyal replied to the Jim Royal board. 7:20 PM

Re: ZAYO up 6% on more sale news

Yeah, your math seems to be correct. ZAYO has really moved up in the past few weeks, even after the rumored takeover weeks before.

Jim

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XMFRoyal replied to the Jim Royal board. 9:11 PM

Re: Any update on CNNE?

Well, CNNE is more than just CDAY now, so that's good. But CDAY is trading at nosebleed valuations, along with other well-run SaaS companies. And of course if CNNE monetizes their stake in CDAY, they'll be taxed on it, unless they come up [more]