Disqus - Latest Comments for investmentlb

Re: Southeastern Asset Management's Mason Hawkins Levels High Frequency Trading

investmentlb — Fri, 23 Jul 2010 09:22:04 -0000

Perhaps they are undertaking this analysis due to their own shortcomings, but it doesn't change the outcome of the analysis.

Re: Pershing Square's Bill Ackman's Ira Sohn Presentation On The Ratings Agencies

investmentlb — Tue, 08 Jun 2010 08:50:44 -0000

Yes. It's now been posted.

Re: Ronald Reagan's Speech Supporting Barry Goldwater At 1964 GOP Convention

investmentlb — Wed, 02 Jun 2010 16:11:34 -0000

Thank you for the correction. I appreciate it.

Re: Keynesianism Is So Nuanced

investmentlb — Wed, 21 Apr 2010 17:45:40 -0000

Thanks. I aim to please.

Re: Duke 2010

investmentlb — Thu, 08 Apr 2010 13:43:27 -0000

Max,

Your argument that victories over West Virginia and Baylor, traditional basketball powerhouses that they are, has convinced me that the 2010 Duke squad is the decade's best.

Re-read my post: it's not an argument that 2010 Duke is bad or that they are an undeserving national champion given the competition, it's just that they happen to be the worst champion of the past 30 years. I can't think of a single national champion from that timeframe that I wouldn't take over this Duke team over a statistically significant set of games.

-TILB

Re: Ron Paul On The "Health Care" Frankenstein Passage

investmentlb — Wed, 24 Mar 2010 13:42:23 -0000

JMB,
You're wiser than your years. Here's a similar Tocqueville quote:
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
Alexis de Tocqueville

Re: First Citizens BancShares, Inc. (Ticker: FCNCA): Investment Write-up

investmentlb — Tue, 16 Mar 2010 20:33:27 -0000

Thanks Don. I'll say that if First Citizens is in trouble, then the problems we felt during 2007-2009 will feel like Little League baseball compared to staring down a Randy Johnson heater in the World Series. So, I think First Citizens is in great shape. God save us all if it's not, because IMO the end would be nigh.

Re: The Borg - I Mean Obama Administration - Intend To Pay Homeowners To Sell Their Houses

investmentlb — Tue, 16 Mar 2010 20:30:14 -0000

Excellent. That will be making a regular appearance on TILB.

Re: First Citizens BancShares, Inc. (Ticker: FCNCA): Investment Write-up

investmentlb — Tue, 09 Mar 2010 09:13:27 -0000

Another risk I should have noted is that IronStone has been an sbsolute money pit run by a family member that seems bent on destroying our capital. The nepotistic aspect makes it even more difficult to make a shareholder oriented decision, since internal family politics and emotions will have a major impact. That is a shame.

Re: Pennsylvania's Capital City, Harrisburg, Faces Bankruptcy

investmentlb — Tue, 02 Mar 2010 22:53:23 -0000

Indeed. It's truly a shame.

Re: The Revolution Marches Forward

investmentlb — Mon, 22 Feb 2010 16:09:36 -0000

Drink it down - it feels so good.

Re: Pennsylvania's Capital City, Harrisburg, Faces Bankruptcy

investmentlb — Mon, 22 Feb 2010 16:09:19 -0000

So true.

Re: Tilson's Response To Hovde's Response To Pershing Square's Response To Hovde's Response To Pershing Square's Views On Mall REITS And GGP Specifically

investmentlb — Thu, 31 Dec 2009 10:07:06 -0000

Certainly they can own it. Many would not, for business reasons, choose to own a bk equity, but there is nothing other than a self-imposed rule that would restrict institutions from owning a bankrupt equity.

Re: Hovde's Response To Pershing Square's Response To Hovde's Response To Pershing Square's Views On Mall REITS And GGP Specifically

investmentlb — Tue, 29 Dec 2009 11:36:54 -0000

What aspect of it do you find inaccurate or horseshit?

Re: Bill Ackman Of Pershing Square Presents His Bullish View On Mall REITS To The ICSC

investmentlb — Wed, 09 Dec 2009 09:19:33 -0000

He may be right, but I'm skeptical that we're through the woods. But you always have to listen to the guy - his batting average is unusually high and his slugging percentage is even higher.

Re: Inflation Vs. Deflation: Peter Schiff Gives The Definitive Interview

investmentlb — Mon, 30 Nov 2009 10:27:43 -0000

For those looking for a shortcut, the 21 minute mark is the beginning of the Japan/US comparison.

Re: The Singularity: A World Walking The Tight Rope Of Low Interest Rates

investmentlb — Wed, 18 Nov 2009 08:42:07 -0000

Thanks Tommy. We appreciate feedback.

This week's PPI news that ex-energy and food we experienced deflation almost makes us more convinced that the singularity risk will manifest itself because it gives the Fed more cover for further debasement. The longer the heady wine phase lasts, the more damaging the other side will be.

Re: What Side Of History Do You Want To Be On?

investmentlb — Wed, 11 Nov 2009 11:24:09 -0000

As an aside, Hat Tip: LB

Re: Let The Pigeons Loose: We Got A Bank Failure

investmentlb — Thu, 05 Nov 2009 22:50:34 -0000

It does surprise me and I think there's a great generic shorting opportunity
of shorting the walking dead into receivership.

Re: Sheila Spreads Calm And Sweet Words

investmentlb — Fri, 23 Oct 2009 21:42:20 -0000

As an aside, I gave the video a one star rating. I tried to give it zero, but apparently YouTube doesn't allow that.

Re: Bill Ackman's Value Investing Congress Pitch: Corrections Corp. of America (CXW)

investmentlb — Tue, 20 Oct 2009 15:47:11 -0000

First comment (more to come either here or in a separate post):
Ackman says he owns 9.5% at about $24.50/share.

Full disclosure: TILB owns both CXW and CRN (a public comp worth looking at too if you like CXW) and has for a while now (frankly, off and on for several years)..

Re: Bill Ackman Of Pershing Square Presentation On Shorting Realty Income (O)

investmentlb — Tue, 20 Oct 2009 15:37:54 -0000

Here's your answer: CXW:
http://investmentlinebacker...
-TILB

Re: Bill Ackman Of Pershing Square Presentation On Shorting Realty Income (O)

investmentlb — Fri, 16 Oct 2009 17:51:08 -0000

I won't posit a guess but I will let you know as soon as he begins the presentation.

Re: Investment Write-up: CCA Industries

investmentlb — Thu, 15 Oct 2009 10:03:27 -0000

Agreed, though I don't think it will happen on scale. I think the best we can hope for is an increase in the dividend rate, perhaps a special dividend occasionally and maybe some opportunistic share repurchases.

The issue is that management remains hopefully they'll find a great consumer products acquisition. I don't mind that goal, however CCA needs to charge themselves for the cost of carrying excess capital for a decade, which they fail to do despite how value dstructive it is.

Re: Reflections On Jim Cramer's "They Have No IDEA" Rant

investmentlb — Tue, 29 Sep 2009 17:07:37 -0000

Honestly, I think my favorite part is when Cramer says, "I have not seen it like this since I went five bid for half a million shares of Citigroup and I got hit in 1990. This is a different kind of market and the Fed is asleep. [Erin tries to interrupt] Bill Poole is a shame. He's shameful." Just an awesome, raw moment.

Closely followed by every time Cramer interupts Erin and just pretends she's not even there.

Thirdly followed by Erin's poker face during Cramer's "no idea" portion of the rant.

I just can't watch this video enough.