In honor of Evan Niu's worst tech acquisitions article, here's my top 5 tech acquisitions... [more]
Northern Tier Energy (NTI) is a smaller, regional integrated energy company located in the Minnesota area. The firm has 3 businesses which fit together nicely.
The largest business by far (over 90% of revenue) is refining. The company owns and operates the St. Paul Park Refinery in St. Paul, Minnesota. With a capacity of 74,000 bpd, it is considered a "mid-size" refinery. [more]
Syntroleum (SYNM) is a fuel technology company. The company has developed 3 technologies: [more]
Magic Formula Investing (MFI), as described by hedge fund manager Joel Greenblatt inThe Little Book that Beats the Market, consists of ranking stocks by earnings yield (cheap) and return on capital (quality), adding the rankings together, and buying from the resulting lists. Below are stocks that have moved into, and dropped out of, 3 of the MFI screens used by MagicDiligence: [more]
As you've probably noticed, I've re-launched an entire site re-design for MagicDiligence, one that has been in the works for most of this year. We had been using the same site design pretty much since launch, so an update was due. It also gives me the chance to improve the presentation and emphasize what the site is all about. Here are the highlights of what's changed: [more]
Collector's Universe (CLCT) provides authentication and grading services for rare and modern coins, trading cards, and autographed memorabilia. The company's experts examine and assign a grade to items ("PCGS" for coins, "PSA" for trading cards, and "PSA/DNA" for autographs). This grade allows the item to be sold or auctioned with its authenticity and quality assured by professional and respected experts - allowing even on-line, "site unseen" transactions to be executed with confidence. In return, Collector's Universe receives a fee for their services. In 2012, the average fee per item was $11.64, although fees can range from $5 to $600 depending on the type of item and the turnaround time required by the customer.
Last year, roughly 60% of CLCT's graded items were coins, 30% were trading cards (mostly baseball cards), and 10% were autographed memorabilia. Coins alone account for 66% of revenue. [more]