Friday File: Venture Gold from Curzio, plus A Few Buys and a Sell in the Real Money Portfolio
by Travis Johnson, Stock Gumshoe | June 23, 2017 5:30 pm
Confirming a gold teaser solution, plus some Real Money Portfolio updates -- notes on Altius, Bellicum, Dataram, Delphi, Fosun, NI Holdings, PCSB, SAFE and China A Shares
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I bought call options on Bellicum about a week ago and I sold them for a 240% increase the next day – but didn’t have enough invested to make me wealthy! David MP
Have you ever heard of Data I/O Corporation (DAIO)? I saw them promoted on a message board and at first glance they seem like a really solid play. I’d love to hear your take.
Travis, Anytime you’re thinking of putting money into an insurance company (stock or mutual conversion) one should consider spending ~$95 on due diligence for an AM Best report on the firm. They cover all insurers, stock, mutuals, and demutualized firms pretty much everywhere on the planet, especially the uS, and Canada-but not limited to the NA Geo. If you’re worried about your NODK, you can see every single metric, measure, expected loss costs; reserves, etc. on a Best’s report. I’ve been in the industry for 45 years, and don’t invest in it…just work in it/consult now to it. Claim reserves are great area where a firm can stash “profit” and non-taxable (they’re loss reserves), and drop them in tight markets and the currency drops right to the bottom line. If you’re worried about NDOK’s crop exposures, you can get their data as of 6/30 and see what they don’t publish in detail and Best’s take on the firm and the actuarial projections of future loss costs. Worth the few rubles for knowing basically where every dollar in or out is going. Just food for thought.
While it’s always good to have some of a portfolio in land (not what’s on it), even with SAFE my point of view and concern is shopping malls and other retail outlets on “my” land. Sears is about to go belly up, Macy’s isn’t far behind, and those are just of few of the “anchor tenants” that make these consumer spending arena attract the consumer spending dollar. Rental units should do well on “your land” for some time to come as housing is not too affordable for we teeming masses. Having the land with an empty mall on it and city regs on top of that, I don’t want to incur costs to clear the “building” in case another tenant doesn’t come soon enough for the municipality to knock at the SAFE door for clean up. Maybe this is all covered in the tenets of the building developer, but I don’t think the commercial property party in many use cases is in for good weather over the next 12-18 months.
Just a thought and point of view; not trying to dissuade anyone from SAFE. Just get under the covers of the props they hold and see what’s on them.
Looks like DRAM officially changed their name to US Gold and changed their ticket to USAU…I’ve never been involved in this kind of merger. Will the shares I hold in DRAM automatically convert to USAU? I’ve noticed no trading activity today as of 1200 ET… the press release says they will still trade today the same day the ticker is changing. Any info anyone can offer is appreciated.
I bought call options on Bellicum about a week ago and I sold them for a 240% increase the next day – but didn’t have enough invested to make me wealthy!
David MP
Have you ever heard of Data I/O Corporation (DAIO)? I saw them promoted on a message board and at first glance they seem like a really solid play. I’d love to hear your take.
Travis,
Anytime you’re thinking of putting money into an insurance company (stock or mutual conversion) one should consider spending ~$95 on due diligence for an AM Best report on the firm. They cover all insurers, stock, mutuals, and demutualized firms pretty much everywhere on the planet, especially the uS, and Canada-but not limited to the NA Geo. If you’re worried about your NODK, you can see every single metric, measure, expected loss costs; reserves, etc. on a Best’s report.
I’ve been in the industry for 45 years, and don’t invest in it…just work in it/consult now to it. Claim reserves are great area where a firm can stash “profit” and non-taxable (they’re loss reserves), and drop them in tight markets and the currency drops right to the bottom line. If you’re worried about NDOK’s crop exposures, you can get their data as of 6/30 and see what they don’t publish in detail and Best’s take on the firm and the actuarial projections of future loss costs. Worth the few rubles for knowing basically where every dollar in or out is going.
Just food for thought.
While it’s always good to have some of a portfolio in land (not what’s on it), even with SAFE my point of view and concern is shopping malls and other retail outlets on “my” land. Sears is about to go belly up, Macy’s isn’t far behind, and those are just of few of the “anchor tenants” that make these consumer spending arena attract the consumer spending dollar.
Rental units should do well on “your land” for some time to come as housing is not too affordable for we teeming masses. Having the land with an empty mall on it and city regs on top of that, I don’t want to incur costs to clear the “building” in case another tenant doesn’t come soon enough for the municipality to knock at the SAFE door for clean up. Maybe this is all covered in the tenets of the building developer, but I don’t think the commercial property party in many use cases is in for good weather over the next 12-18 months.
Just a thought and point of view; not trying to dissuade anyone from SAFE. Just get under the covers of the props they hold and see what’s on them.
Good point. Their biggest portfolio concentration right now is in hotels.
Looks like DRAM officially changed their name to US Gold and changed their ticket to USAU…I’ve never been involved in this kind of merger. Will the shares I hold in DRAM automatically convert to USAU? I’ve noticed no trading activity today as of 1200 ET… the press release says they will still trade today the same day the ticker is changing. Any info anyone can offer is appreciated.
Dataram changes name, ticker to U.S. Gold Corp. and ‘USAU’