This is a ChatGPT-free Zone
So J.P. Morgan had their investor day yesterday and Dimon was pretty optimistic about J.P. Morgan and even the economy (I wasn’t there). He does see a lot of businesses so has a good feel for what’s actually going on in the economy than economists that just sit around inputting data they get from the…
I don’t mean to make this a trading journal or stock buy/sell recommendation site, but I thought I’d mention that I am a bit less enthusiastic about AAPL now as the world seems to be quickly agreeing with the bullish views. I never intended AAPL for me to be a long term investment as it…
To continue the story, Biglari Holdings (BH) bought 1.05 million more Cracker Barrel (CBRL) shares in January for $54 million. So that sort of changes the composition of the balance sheet. At the end of December 2011, BH had cash and investments of: Cash: $115 million Investments: $119 million So the above transactions changes that to:…
So I noticed that GSVC is down 20% into the $15 range as they priced the follow-on offering at $15.00/share. The stock is trading now around $15.80/share, down from $19.50 yesterday. Why did they price this so low below the closing price? The registration statement had an assumed price of $18.75 or something like that,…
Biglari Holdings (BH) is a Berkshire Hathaway like investment vehicle run by a young manager named Sardar Biglari. Actually, BH is what was Steak ‘n Shake (SNS), a hamburger restaurant chain that Biglari’s hedge fund owned. After a bunch of transactions which merged the hedge funds with Steak and Shake and another restaurant chain, Western Sizzlin, SNS was…
I already wrote about what I think about gold here and here and that’s actually more than I want to say about it, but since there is more talk again about going back to the gold standard, I thought I’d make a couple of quick comments. I actually don’t care too much about this topic as I…
So like everyone else in the financial world (OK, maybe not) I went through the Facebook S-1. I don’t normally look at these internet/technology businesses especially when it is really hyped and there is no chance that this thing will come out undervalued. But I do think Facebook is an exceptional company so I decided…
I hate to post a short idea on a day when the stock is down almost 10%; it’s a bad time to sell or short something down a lot on short term news (earnings announcement). But this is something I haven’t looked at in a while so I decided to take a look (I actually…
I haven’t really followed Nintendo over the years as I really don’t like businesses that are dependent on recurring hit products. That is my reservation with Apple, too, but at least Apple is a bit more broadbased than Nintendo (Nintendo is just a game whereas the Apple has laptops, desktops, phones and iPads that function…
Last year I took a quick look at GSV Capital Corp (see here) as it was a play on Facebook. Now that the Facebook IPO is right in front of us, I thought I should take a look at this thing again and update some figures. Since the end of the September 2011 quarter, GSV…