There’s nothing wrong with acquiring other companies so that a company can shore up its business or expand services. But MeetMe is a young company that appears to be growing quickly mainly through its acquisitions, and that’s problematic.
Hedge Fund Positions
Ray Dalio and New York Times editor Charles Duhigg have a powerful conversation about how Ray has built a strong value-based culture at Bridgewater that encourages creativity, excellence and innovation at The New York Times second annual Work Summit.
Wins’ stock valuation is a puzzle. Investor Jacob Ma-Weaver, at Cable Car Capital, notes that most of the stock’s gains occurred on tiny volumes of odd-lot trades and end-of-the-day transactions. Some 40% of Wins’ trades on a recent day were for one share apiece. On March 09th 2017, the obscure Chinese financial company, headquartered in New York, trades at $315. Yes $315. That is not a typo. Up +1200%.
Ben Graham, the father of value investing, once said of the stock market, “In the short run, the market is a voting machine but in the long run it is a weighing machine.” To Graham the market was like a popularity contest. Investors “vote” for a stock out of considered enthusiasm for its prospects. Results however are determined in the long run as profits are “weighed” year after year and intrinsic value is revealed.
Under the current Board’s supervision, Rent-A-Center’s shares have declined by over 75% in just over two years. Say hello to the Titanic.
Globalstar has long been a controversial investment. Originally, the short-thesis was that the FCC would never grant Globalstar’s request, out of interference concerns; interference from any transmission on Globalstar’s spectrum with transmission on adjacent spectrum bands.
Investment Outlook from Bill Gross Through the years I’ve accumulated a short list of quotes that express a personal…