Author Archive

• Did Schwab Just Force Ameritrade’s Hand?
  Value Plays, Todd Sullivan | January 8th, 2010 at 7:57 am

  

  I think the timeline here just got pushed up..

  For months Ameritrade CEO Fred Tomczyk has been hinting at “industry consolidation” and saying that the company is focused on domestic acquisition opportunities, and “does not want to buy someone else’s asset problems.” Translation? He wanted to see improvement in E*Trade’s loan portfolio.

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• “Davidson” Updates REIT, EmgMkts and R2000 Indices $$
  Value Plays, Todd Sullivan | January 7th, 2010 at 10:43 am

  

  “Davidson” was right about REIT’s before anyone…..

  The updates for REITs, EmgMkts and R2000 indices are below with a notable change in R2000.

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• Manufacturing Date Positive….But Caution Still The Word $$
  Value Plays, Todd Sullivan | January 5th, 2010 at 10:39 am

  

  I have only one concern in these numbers, the starting point.

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• “10 for 2010″ Predictions $$
  Value Plays, Todd Sullivan | December 31st, 2009 at 12:17 pm

  

  Let’s see how we do this year. These are meant to be a bit of a reach except the “Bonus” prediction.

  1-  Israel, seeing America’s new foreign policy is “your on your own” strikes at Iran (carry over from 2009)

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• Hovde Takes Another Shot…..Airball $$
  Value Plays, Todd Sullivan | December 30th, 2009 at 8:15 am

  

  I am going to ignore most of the NOI argument because it has come down to an argument over what expenses and revenues ought to be included or excluded. Readers know where I stand and can make up their own mind where they want to be.

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• Orion Energy Systems…..Why We Bought $$
  Value Plays, Todd Sullivan | December 22nd, 2009 at 7:38 am

  

  Here is the buying thesis

  1st update after earnings

  2nd update, insider buying

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• Another Negative Piece on GGP Equity…. My Rebuttal $$
  Value Plays, Todd Sullivan | December 18th, 2009 at 1:51 pm

  

  There is another post out this morning that pegs the value of General Growth (GGWPQ) equity in the $5 range. Let’s look at it and talk about what I see as its errors.

  The spreadsheet can be found here at Distressed Debt investing. Unlike the Hovde “research” Hunter gives us a range of variables in the spreadsheet and avoids many of the glaring unconscionable errors Hovde made.

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• The General Growth Short Thesis Lacking, Uses Questionable Data $$
  Value Plays, Todd Sullivan | December 15th, 2009 at 11:58 am

  

  Sorry this is so late, was up until 2am last night working on draft #1 and one click, gone. Would be safer using driveway chalk in the rain than this stupid wordpress for blog posts. Anyway, here it is ….again…….

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• Time to Revisit a Post About Panic $$
  Value Plays, Todd Sullivan | December 11th, 2009 at 2:26 pm

  

  So General Growth (GGWPQ) at one point today was down over 10% and the emails came flooding in wondering about selling. Let’s go back 6 weeks to this post from 10/28.

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• Finding Out Who Has Been Selling RHI $$
  Value Plays, Todd Sullivan | December 11th, 2009 at 8:01 am

  

  Not Seth Klarman……after that just another news storyBlackrock reduced its stake to just under 1% in this filing.

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• Brookfield Files $1B Mixed Shelf…Any Bets on Why? $$
  Value Plays, Todd Sullivan | December 9th, 2009 at 10:26 am

  

  I’ll give you one guess why this is being filed now and it starts with a “G”.

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• Simon Property Throws in the Towel? $$
  Value Plays, Todd Sullivan | December 8th, 2009 at 10:54 am

  

  This may just give us a buying opportunity today

  The news:

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• Kiplingers Says $20 for General Growth “Not Out Of Question” $$
  Value Plays, Todd Sullivan | December 7th, 2009 at 3:08 pm

  

  Now it is Kiplingers saying $20 is a reasonable outcome for the stock. While the article is not an in depth analysis, having more positive news out there will only serve to illicit a closer look by folks. That is good.. Hat Tip reader Mark for this..

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• Barron’s Take on Dow Chemical Missing Something $$
  Value Plays, Todd Sullivan | December 7th, 2009 at 8:01 am

  

  So Barron’s did a mea culpa of sorts this week in finally admitting the Rohm & Haas deal was a good idea. But, in my humble opinion, they missed the most exciting part of the story.Here is the link to the full article:

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• Dow and DuPont in Ag Partnership
  Value Plays, Todd Sullivan | December 3rd, 2009 at 10:06 am

  

  Dow Ag seems to be at the center of the Ag world now with partnerships with both Monsanto (MON) and now DuPont (DD).

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