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July 2010



EDCI: Liquidation Opportunity

July 23, 2010 – Comments (5) | RELATED TICKERS: EDCI

There's a company called EDCI that's in the process of liquidating. Current pps is $4.72 and it's paying out $1.56 per share on July 30, then doing a 1400-for-1 reverse split (not sure when this is, looks like Aug 2 though). Anyone with fewer than 1400 shares will receive $3.44 per share in cash upon the split, for $5 total. So that's a nice 6% return in about a week and a half. That's a respectable 600%+ annualized return :)  [more]



What's Around the Corner?

July 16, 2010 – Comments (2) | RELATED TICKERS: MON

From my observation, it seems that current fears rarely happen to be the fears of the recent past - they usually come as a surprise and blindside the market. Intuitively, any issues we are currently worrying about are less likely to become full-blown disasters because people are paying attention to them and working on ways to prevent or mitigate them. They are also less likely to affect the market if they do play out, because most of the fears are already priced in the market. We are usually "fighting yesterday's battle," as the saying goes. For example, regulation always aims to prevent the last crisis, instead of the next crisis.   [more]



EDGAR Queries For Spinoffs, Tender Offers

July 13, 2010 – Comments (0)

So I finally got around to learning more about EDGAR and the SEC forms. Like most normal people, I prefer reading articles and blogs to SEC filings, but seeing as how some of the really obscure stuff is where the value is, you can't rely on other people to deliver the best ideas.  [more]



Tax Loss Strategy - Long/Short Pair ETFs

July 08, 2010 – Comments (4) | RELATED TICKERS: SPY , IWB , DIA

I've been considering a tax loss strategy where I buy an ETF and short a similar ETF, then sell/cover the losing side of the pair and replace it with another similar ETF. The two ETFs would hedge each other almost perfectly, but you'd be able to harvest a nice tax loss every so often. Would this work?  [more]

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