Just a quick note to confirm that yes, I did sell my remaining shares of Sprott Resource Lending once my trading restriction ended — and early today I bought some of the PNC Warrants that I had mentioned in our last “Idea of the Month” piece. PNC Shares are at post-crisis highs now, fairly close […]
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Selling a Banker, Buying a Warrant
Friendly Takeover = Sell For Me
Sprott Resource Lending (SILU) is being taken over by what was effectively their manager, Sprott Inc (SII.TO, SPOXF), in a friendly transaction that I’d guess should go through fairly easily and close quickly. The deal will provide SILU shareholders with one half of a share of Sprott Inc. plus 15 cents (Canadian), so with Sprott […]
Leave a comment Read MoreFriday File: “The Ultimate Dividend Stock for 2013 (and FOREVER)”
Looking at (and buying) Jim Nelson's "Gun to my head, this is the ONE stock I'd recommend..." pick, and selling some of a core holding.
25 Comments Read MoreBy Request: Checkup on our Commodity Banker
Several folks have asked me if I had any reaction to Sprott Resource Lending (SILU)’s last quarterly report — which was pretty tepid. So in response: Yes, it looks to me like they’re still “steady as she goes.” I initially bought in to SILU and profiled it for the Irregulars with far too much short-term […]
1 Comment Read MoreAdd-on Buy of My Favorite Bank
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 […]
1 Comment Read MoreFinanciers and Patent Trolls — Catching up on some past favorites
Mako and other earnings
Hi Travis, Have you revisited Mako now that it’s disappointed earnings twice in a row? The once darlings of Motely Fools having dropped tremendously since it’s 45$ high. Also any thoughts on CVV and SILU recent earnings? I noticed that CVV’s backlog had dropped 37%, and your analysis focuses quite a bit on the backlog […]
3 Comments Read MoreSome thoughts on my Top Ten Personal Holdings
Friday File checkup on my largest holdings, including barnburner Africa Oil and some quieter "near book value" plays.
5 Comments Read MoreAdd-on Purchase of an Old Favorite
Annual Review — Commodities Stocks and Related Picks
Incremental Position Increase for an old “Idea of the Month”
I personally picked up some additional shares of Sprott Resource Lending this week, I had put in a bid at $1.38 a little while ago in hopes that the stock would dip a bit for me, and that bid triggered today. My opinion on SILU hasn’t changed over the last nearly a year since I […]
2 Comments Read MoreFighting Pessimism with some Buy Ideas
Crazy days, no? The overriding fear among investors seems to be that we’re headed back to something like the Fall of 2008, a “Lehman moment” if Europe doesn’t get its act together and Greece or one of the other weaker pups of the EU actually defaults on their debt … or defaults in some extra-bad […]
6 Comments Read MoreAdding to Corning and Sprott Resource Lending
Just a quick note: I added to my positions in Corning (GLW) and Sprott Resource Lending (SILU) today, in both cases because the prices have come down a little bit. Corning continues to seem to me like the big “old industrial tech” company that doesn’t get enough respect, with folks frightened about what a slowdown […]
Leave a comment Read MoreBuying Sprott Resource Lending
Well, it won’t surprise you at all to hear that I like Sprott Resource Lending (SILU), since I wrote glowingly about them in my “idea of the month” article just a couple weeks ago — but now that my trading restriction has expired, I’ve used some of the money that I freed up by selling […]
Leave a comment Read MoreFebruary Idea of the Month: Sprott’s New Bank
I mentioned this stock a few months ago, when the folks at Sprott were just beginning their takeover and transformation of Quest Capital, and now that I’ve seen a bit of progress in their business plan and we have a projected dividend and dividend start date, I think it’s worth buying the shares. So the […]
25 Comments Read More“Three million ounces of gold buried beneath an Australian peninsula”
I’ve got a couple things to share with you for your Friday File cavalcade of fun today, including the answer to the latest Sovereign Society teaser that I think just started running yesterday — and of course, with gold getting everyone’s attention at these lofty prices, it’s a gold teaser. So on the topic of […]
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