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An Open Letter to Atlantic Power Management (AT)

October 17, 2014 – Comments (1) | RELATED TICKERS: AT

For years, "investors" treated stock in companies on Wall Street as nothing more than pieces of paper that could be traded.  As the science of investing evolved, value investing pioneers from Benjamin Graham to Warren Buffett realized that the public stock of companies was not merely something akin to baseball cards that could be traded and speculated on, it represented something more...partial ownership in a real company.  Carl Ichan took this concept of shareholder ownership even further when he became one of the founding fathers of activist investing.  The contention of Ichan and other activist investors is that it is the fiduciary duty of the management of public companies to maximize shareholder value, rather than protecting their own fiefdom and earn massive salaries while retaining minimal ownership in organizations and watching the value of the common stock that the rightful owners of the companies hold evaporate.  [more]



Oil's implosion has made this company even more valuable

October 15, 2014 – Comments (1) | RELATED TICKERS: CXUSF , CVE , TRP




Wait until you see the whites of Mr. Market's eyes

October 10, 2014 – Comments (6) | RELATED TICKERS: ADC , NCT , CORR

Good morning everyone.  This is just a quick post to share my thoughts on the recent market selloff.  The financial pundits on CNBC are freaking out about it, but I actually welcome it.  I've gotten over the pain of watching the overall value of my small cap laden portfolio fall day after day.  It's just unemotional numbers to me at this point.  I'm focusing on the opportunities that are out there.    [more]



Rumor of the Day: Wilbur Ross to Buy Canexus?

October 08, 2014 – Comments (1) | RELATED TICKERS: CXUSF

Anyone who follows my blog knows that I'm up to my eyeballs in stock of the oil-by-rail /  chemical company Canexus (CXUSF).  In an effort to both talk my book and spread rumors :), here's the latest interesting gossip about Canexus. Caught up in the destruction of small cap and oil names, the stock has not reacted to this rumor at all.

"U.S. billionaire investor Wilbur Ross is looking at investing in the Canadian and U.S. energy sectors, betting a long-term recovery in oil prices will boost the fortunes of small and mid-cap companies whose shares have been battered since June...

On Tuesday, Ross said that, while he is looking across the sector, he is gravitating toward small- and mid-cap companies because they have been the hardest hit.

"We’re generally making investments that are in the nine figures,” he said when asked about the size of any potential deals.

In August, Canexus Corp (CUS.TO), the developer of Canada's first dedicated oil train terminal, said it was in talks with interested parties about potentially selling its 70,000 barrel-per-day loading facility in Alberta.

It is unclear whether Ross is in talks with Canexus. RBC Capital Markets analyst Nelson Ng, after a meeting with Canexus management in late September, said in a note to clients that the asset is drawing strong interest from a wide range of parties."

U.S. billionaire Wilbur Ross eyeing Canadian, U.S. energy sectors   [more]



There is no inflation, Goldbugs are silly, the market is headed higher and musings on my portfolio

October 03, 2014 – Comments (1) | RELATED TICKERS: NI , MLFNF , CXUSF

The last couple of weeks have been pretty brutal for small cap stocks, my bread and butter.  My personal portfolio has taken a hit, dropping 7% from it's all-time high and that's with 25% in cash still.  I just have to remember to keep it all in stride.  With the exception of my small positions in Atlantic Power (AT) and Civeo (CVEO), nothing material changed in any of my stocks.  The market's what I view as overreaction to negative news in those two companies enabled me to double down on them at what I consider to be favorable prices.  It goes to show just how destroyed companies that announce bad news get in the current market environment.  I think that this phenomenon actually presents a number of very attractive opportunities for investors who have the stones to catch falling knives.  [more]

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