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June 13, 2018

Hey JOE–Where Ya Goin With That Land Over There…??


Friend: Kuppy, stop the car!! Me: Uggh, again? Friend: Let’s get out. Me: We have 177,000 acres to visit. We can’t stop at every damn acre. Friend: Yeah, but not every acre is next to million dollar homes. Me: …A surprising number of them seem to be… It’s already noon and we’ve seen less than one percent of the portfolio… Friend: It’s just amazing. ... Read More
Categories: Investments
Positions Mentioned: JOE
May 28, 2018

Iron Bridge Resources


Let me start by saying that I am not an expert on oil geology; I’m not even a “sorta expert.” If you called me a novice at oil geology, I wouldn’t be offended. To prove this point, I’ll proudly admit that I guide my occasional oil investments by my “donut theory of petroleum geology.” What is the donut theory? Well, it basically says that ... Read More
Categories: Investments
Positions Mentioned: IBR CN
April 11, 2018

Time To Grab My Pitchfork (AIM Edition)


I have written about Aimia (AIM- Canada) a few times now (article 1, article 2, article 3). For a summary, AIM operates loyalty programs which are highly cash generative. The shares have collapsed following Air Canada notifying AIM that they will not continue their partnership when it ends in 2020. I figure AIM is worth somewhere north of $6 per share if you assume ... Read More
Categories: Investments
Positions Mentioned: AIM CN
March 29, 2018

Tesla Learns About Reflexivity


Before George Soros focused his energies on undermining Western Society, he wrote a book detailing his theory of reflexivity. Reflexivity is the theory that the market’s own expectations about an event can help impact the actual future outcome of the event in a feedback loop of sorts. Take a mining company that needs to raise money to build a mine. Since the cost of ... Read More
Categories: Investments
Positions Mentioned: TSLA
February 26, 2018

Viemed


Over the years, there have been multiple studies that show dramatic operational performance improvements at companies in the first few years after a spin-off. There are many theories for trend, but it likely comes down to a combination of; management being directly able to direct capital allocation, more focused and more rapid operational decision making, directly tying equity compensation to the actions of management ... Read More
Categories: Investments
Positions Mentioned: VMD CN
February 5, 2018

You All Asked For It (AIM Update)


New year—new website—same rules here. Look; I’m not a registered financial advisor and I am certainly not YOUR financial advisor. However, I feel confident in saying that if you do not know why you own a stock and cannot analyze news releases, you probably shouldn’t own that stock. Since Thursday morning, I have received over 100 emails from people regarding Aimia Inc (AIM – ... Read More
Categories: Investments
Positions Mentioned: AIM CN
January 8, 2018

Tidewater


US Bankruptcy can be a very rewarding process for a company. Unprofitable contracts are eliminated and debt is reduced. For a cyclical, capital intensive and commodity industry, bankruptcy can be a godsend. Look at Tidewater (TDW – USA), an operator of Offshore Service Vessels (OSVs) used in oil production. Through bankruptcy, it’s eliminated all of its in-chartered vessels, reducing expenditures on leases at a ... Read More
Categories: Investments
Positions Mentioned: TDW
January 1, 2018

Too Much of a Klusterfuk


Every once in a while a stock simply goes into the “too hard pile,” which creates opportunities. Honestly, I don’t blame investors for sometimes giving up on the analytical side. I mean, Teekay Offshore Partners (TOO – USA) really is a klusterfuk for the ages. It was meant as a drop-down Ponzi vehicle (I wrote about those 2 years ago as the whole MLP ... Read More
Categories: Investments
Positions Mentioned: TOO
December 20, 2017

Xmass Comes Early From OCC


Two months back, I clearly made my case for why Tesla (TSLA – USA) will eventually implode. Of course, the timing of that implosion is difficult to guess at—hence my use of a bear put spread. Now, thanks to OCC, I can go out much further in time. While, I suspect that TSLA’s share price is much lower by January 2019, by January 2020, ... Read More
Categories: Investments
Positions Mentioned: JYNT, AIM CN, TSLA
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