The portion of my brain that’s dedicated to our weekly missives to the Irregulars is on standby, waiting to see if there’s anything of interest to share with you on Monday and Tuesday of next week during the Value Investing Congress in Las Vegas (if you’ve shelled out your $4,500 to be at the Congress […]
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Not really banks, but “sort of” banks, that’s what I’m going to write to you about today — and I’ve got a couple interesting ones that I own to profile for you today as they share the “Idea of the Month” spotlight. Banks in general are in everyone’s good graces again — the stocks are […]
These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Richard Lashley at PL Capital has been involved in proxy contests and shareholder activism with small banks around the country for about 18 years. Chris Mayer talked about him […]
It’s been an interesting year so far — this week has helped to heal some wounds but my personal portfolio has lagged the market for much of the year, thanks largely to some substantial positions in stocks that were sensitive either to interest rate rises (like Retail Opportunity Investments Corp, ROIC, a favorite REIT) or […]
I don’t have a compelling story to dig into today, so I’ll just share a couple updates and some of my thinking. Everything still seems to revolve around the Fed — will they raise rates? Will long-term rates get ahead of the Fed if they don’t? Will they have to try to find some new […]
I’ve got a couple quick personal portfolio updates to share with you today, including an add-on warrant buy, but first I thought you might enjoy a quick look at a teaser ad for one of Thomas Garrity’s picks from Cabot Small-Cap Confidential — they’re promoting this pretty actively right now as a “$20 biotech stock […]
And our Annual Review proceeds apace… on a day when the market is showing signs of actually having a meaningful correction, thanks to Friday jitters and inflation worries and rising interest rates… so cross your fingers for better prices in the week to come (I did buy a couple positions this week, but as I […]
Joe Altman and Chris Kyriopoiulos at COMPOUND started out their talk with a quick mention of the TARP Warrants that they think are excellent buys — we wrote about those warrants last month and did not feature their two favorites, but you can see my thoughts on the warrants in general here. The ones they […]
This is getting a little tiresome, no? Two new stop loss trades in my personal portfolio to tell you about — I sold half of my Lancashire Holdings position at $8.35 when that stop loss hit, my inclination would have been to buy more near these prices but, as I’ve been doing for six months […]
Just a quick note to update you on my personal portfolio — today I increased my holdings in the Boston Private Financial 2018 TARP warrants (BPFHW) by about 50% and my holdings in the PNC 2018 Tarp Warrants (PNC-WT) by about 30%. The pricing of the stock and the warrant in both cases are similar […]
Last time I wrote about my warrant holdings in both PNC Financial and Boston Private Financial, back in August, I said that the prices are eminently justifiable and there’s still a large potential upside … but that after a solid runup in the prices I would be more likely to sell some of my holdings […]
So… the Fed failed to do anything, which I guess means that the wild predictions about the end of western civilization hitting us on September 18th are going to get pushed off again. Maybe we’ll soon start to see ads about how the next Greater Depression will start on October 28, or December 16…. or, […]
In how many areas of life can you be guaranteed to get average results even if your abilities are inferior? That was one of my favorites quotes from the presentation by Ed Wachenheim at the Grant’s Conference: “People with inferior abilities can get average results with an index fund, which is remarkable.” But, of course, […]
I haven’t written about Benjamin Shepherd’s Global Investment Strategist in quite a long time, so when folks started asking about his pitch for “Black Rock Fuel” I thought I’d take a look for you — and it so happens that today is Friday, so we’ll be doing it Friday File-style, Irregulars only. Before I dig […]
I know, I know, I’m cynical — but yes, we can probably start out by responding to that headline question with a “probably not.” But that doesn’t mean we don’t care what they’re talking about in this latest ad — this time, the pitch comes from Jimmy Mengel for his The Crow’s Nest letter — […]
OK, so that headline is a bit misleading — I don’t much like bank investments right now, with the possible exception of the TARP Warrants that continue to tempt me on some of the big US banks just because of the huge potential time value. But one of the stocks I’ve held for quite a […]
Time for some “Idea of the Month” thoughts for you, dear Irregulars. When you think the investing climate is a little more nerve-wracking than usual, why not go with a master investor who’s also nervous and is preparing for an awful economy? I’ve spoken quite a few times about my fondness for insurance company stocks. […]
I’m feeling a little bit old today because my fourth baby, Stock Gumshoe, just celebrated its eighth birthday. Eight years of solving teasers, sharing thoughts, and defusing marketing hype… and it’s still such a cute little fella! I certainly never expected this to grow and get the attention of so many people when I sat […]
Travis, thanks for your insight into Rickards doom and gloom scenarios it puts that other guysforecast into the same category. I also appreciate the insight into your portfolio, What are TARP warrants?
I’ve been putting out my updated thoughts on each of our Irregulars spreadsheet companies (mostly past “Idea of the Month” stocks) over the last couple weeks, and now that I’m done looking at all of the “Speculations” on that list I thought I should combine them into one document to make it a bit easier […]
I haven’t looked at the Capital Wave Forecast stuff from Shah Gilani in quite a while, so the latest teaser pitch from him and the Money Map folks caught my eye — particularly because he’s touting big moves in specific large-cap “blue chip” type stocks, which is pretty rare in newsletterdom (it’s a lot easier […]
I like Frank Curzio’s podcast (now called Wall Street Unplugged), and I generally find his way of thinking interesting, so after he was laid off by Porter Stansberry I was half hoping he’d go off on his own and build his own newsletter business from scratch (he edited Phase 1 Investor and Small Cap Specialist […]
All of you, dear Irregulars, know that Stock Gumshoe is not a “tip sheet,” and I don’t operate a portfolio for other people to emulate or copy, or even attempt to track the stocks we cover as if they were a portfolio of buys and sells with consistent trading advice… but I do keep a […]
A friend of mine shares his True Wealth Systems newsletter (Stansberry). Without divulging the entire content (the subject of a previous post from Travis with which I agree), they basically recommend PNC and BAC TARP warrants. I know Travis previously recommended PNC’s. I notice that the newsletter bases its recommendation on a P/B value ranging […]
During the last few days when I was traveling to and reporting from the Value Investing Congress for the Irregulars (some great presentations, by the way, my notes from day one and day two are up now and I’m hoping to get some more thinking time in regarding these ideas soon), the most-requested teaser for […]
For our Friday File fun today I’ve got a couple udpated thoughts and check-ins on some companies that I follow and have written to you about before, but I also always like to toss in a teaser solution as we go along — so first we’ll have a look at the latest pitch from Keith […]
Chris Mayer is an interesting newsletter guy, a former bank analyst who now writes a newsletter that is typically half looking for undervalued, boring stocks like banks and insurance companies and half looking for far riskier “hidden values” overseas in frontier markets. Or at least, that’s how it appears from the teaser pitches we see […]
A hodgepodge of thoughts and comments to catch up with thoughts on a few companies that have reported quarterly results or had other meaningful news as I was on vacation — and a quick note on a small buy. First, I need to let you know that I bought a few JP Morgan warrants (JPM-WT) […]
I haven’t written about Benjamin Shepherd’s Global Investment Strategist in quite a long time, so when folks started asking about his pitch for “Black Rock Fuel” I thought I’d take a look for you — and it so happens that today is Friday, so we’ll be doing it Friday File-style, Irregulars only. Before I dig […]
These are my notes and instant reactions from a presentation at the Value Investing Congress, the notes below might contain errors, paraphrases, incorrect quotes, or misinterpretations. Richard Lashley at PL Capital has been involved in proxy contests and shareholder activism with small banks around the country for about 18 years. Chris Mayer talked about him […]
I’ve been putting out my updated thoughts on each of our Irregulars spreadsheet companies (mostly past “Idea of the Month” stocks) over the last couple weeks, and now that I’m done looking at all of the “Speculations” on that list I thought I should combine them into one document to make it a bit easier […]
I covered Altius earlier this week, one of the larger positions I own and one of the more interesting over the past month, but they’re moving up to the “Core” list as Sandstorm Gold (SAND) moves down to “speculative” (that’s a measure of how confident I feel about the company’s future, this isn’t a portfolio […]
TRAVIS YOU WHERE TALKING ABOUT BANK WARRANT A WHINE BACK. I am curious have you came up with more on that and I asked because I started looking into that and I was checking because it looks like the lonng tern financials there might be some more good plays and a good place for 4 […]
Last time I wrote about my warrant holdings in both PNC Financial and Boston Private Financial, back in August, I said that the prices are eminently justifiable and there’s still a large potential upside … but that after a solid runup in the prices I would be more likely to sell some of my holdings […]
We brought you Myron Martin’s latest column for the Irregulars this morning, which included some new ideas in the junior resource stock space — that’s not where I prefer to invest most of the time, but I know a lot of you like those kinds of stocks so hopefully you find his musings to be […]
It’s been an interesting year so far — this week has helped to heal some wounds but my personal portfolio has lagged the market for much of the year, thanks largely to some substantial positions in stocks that were sensitive either to interest rate rises (like Retail Opportunity Investments Corp, ROIC, a favorite REIT) or […]
I’ve got a couple quick personal portfolio updates to share with you today, including an add-on warrant buy, but first I thought you might enjoy a quick look at a teaser ad for one of Thomas Garrity’s picks from Cabot Small-Cap Confidential — they’re promoting this pretty actively right now as a “$20 biotech stock […]
I always have a few ideas floating around in my head and rising to fight for prominence when I’m working up to our monthly “Idea of the Month” piece for you, and this month is no different. When it comes to taking risks and making long-term speculative investments my temptation has been to look to […]
Just a quick note to update you on my personal portfolio — today I increased my holdings in the Boston Private Financial 2018 TARP warrants (BPFHW) by about 50% and my holdings in the PNC 2018 Tarp Warrants (PNC-WT) by about 30%. The pricing of the stock and the warrant in both cases are similar […]
The Congress has concluded, with a couple dozen sessions over two days exposing your friendly neighborhood Gumshoe to probably 50+ interesting investment ideas. I’ve shared notes on almost all of those sessions over the past two days, and I’ve now got lots of ideas bouncing around my head that I’m setting aside for deeper analysis […]
Recent Comments
TARP Warrants are the 10-year warrants that the government received from the financial institutions it bailed out. In addition to backstopping those institutions, they got 10-year warrants, and the government…...
Warrants are typically quite difficult to find, mostly because there aren't very many of them that trade on the public markets (and the vast majority are for junior mining stocks).…...
There is not any one place to look for warrants -- the canadian ones are pretty well covered by canadianwarrants.com and by listings at the Financial Post (http://www.financialpost.com/markets/data/group-warrants.html), but US…...
The "Executive Dividends" teased by Chris Mayer were warrants -- like the TARP Warrants that have been so profitable in recent years. I covered Mayer's ad here last year: http://www.stockgumshoe.com/reviews/capital-and-crisis/whats-the-executive-dividend-program/…...
Not sure I understand the question, but I'm still holding all my TARP warrants...
These are warrants, which are similar to call options in some ways (but not standardized, so definitely need to be carefully researched individually). Warrants have a strike price, an expiration…...
Do you think its to late to buy the tarp warrants?...
Hi Cathy, I've suggested a few of the TARP warrants and own a couple of them -- there are about a dozen of them trading right now, mostly large banks…...
In this case I happen to hold both stock and warrants -- and there's actually more value in my warrant holdings now than in the equity. I like warrants for…...
A little internet searching shows that Dr. S's message about TARP warrants is not actually original. This free essay on Morningstar provides similar information: http://opp.morningstar.com/BlogArticle.aspx?postid=349829 One interesting risk that Dr.…...
I think the TARP warrants are a fabulous opportunity for investors to participate in the recovery of major banks in the U.S. I bought a basket of them, and added…...