Since I started writing this piece, a number of articles have come out about the company and the stock price, and shares have risen more than 10%.  I still think that there is a good bit of upside in the price, as well as a possible short squeeze which could spike the share price significantly. I had planned on gradually increasing my position in GME but with the recent gains I’ll just be watching unless the share price falls under $3.50 again. In my last blog I noted that I had taken a very small position in GameStop (GME) and would tender my shares into the Dutch Auction that was announ ..read more

Last year around this time I made a couple of interesting purchases; I bought shares of GCI Liberty (GLIBA) and Charter Communications (CHTR) on the same day. It was the day after Charter announced that it had lost video subscribers in the 1st quarter and, in consequence, the shares plunged to around the $250 level. I had also previously purchased shares in LVNTA prior to the spinoff from Liberty in March of 2018, but I want to focus on the GLIBA shares and CHTR shares purchased on the same day, April 27th. Since then, the Charter shares have risen in price by more than 50% while the GLIBA sha ..read more

I don’t usually trade stocks; my holding periods tend to be counted in years rather than months. But every once in a while I’ll somehow get saddled on a bucking bronco… in this case Adient. The shares lost something like 80% of their value in 2018. I was lured in to buy a position in late 2018/early 2019 at around $17 a share only to see the share price rise to almost $26 by late February then crash back to my purchase price by early March. You never know how LOW a stock can go so I liquidated my position with no loss and no gain, still convinced in the long run there is value in this company ..read more

Since I started writing this piece, a number of articles have come out about the company and the stock price, and shares have risen more than 10%.  I still think that there is a good bit of upside in the price, as well as a possible short squeeze which could spike the share price significantly. I had planned on gradually increasing my position in GME but with the recent gains I’ll just be watching unless the share price falls under $3.50 again. In my last blog I noted that I had taken a very small position in GameStop (GME) and would tender my shares into the Dutch Auction that was announ ..read more

It’s been almost a year since I last posted. Much has happened but little has changed; the US stock market is almost exactly where it was last year at this point, slightly overvalued, in my humble opinion, but relatively strong given the healthy US economy and continued low interest rate environment. Except for a brief period in November and December of last year the US equity market continues to be quite uninteresting from a value investor’s perspective. In fact, I note that it’s not only me; my favorite blogs have been mostly quiet for the past year. Despite this, my portfolio has evolved ov ..read more

Last year around this time I made a couple of interesting purchases; I bought shares of GCI Liberty (GLIBA) and Charter Communications (CHTR) on the same day. It was the day after Charter announced that it had lost video subscribers in the 1st quarter and, in consequence, the shares plunged to around the $250 level. I had also previously purchased shares in LVNTA prior to the spinoff from Liberty in March of 2018, but I want to focus on the GLIBA shares and CHTR shares purchased on the same day, April 27th. Since then, the Charter shares have risen in price by more than 50% while the GLIBA sha ..read more

Well, Charter Communications (CHTR) stock tanked 15% on Friday (4/27/18), and you know me, I’m a sucker for something on sale! Yup, I picked up a position in Charter at around the $252/share level and purchased a bit more GCI Liberty (GLIBA) at around $45 a share. I had originally purchased some Liberty Ventures back in January for around $57 a share (before it was spun out of Liberty Interactive and merged with GCI Communications in March), so adding at $45 was a no-brainer for me. The question is, did I buy shares in a good company at an discounted price? or did I buy a shares in a declining ..read more

I don’t usually trade stocks; my holding periods tend to be counted in years rather than months. But every once in a while I’ll somehow get saddled on a bucking bronco… in this case Adient. The shares lost something like 80% of their value in 2018. I was lured in to buy a position in late 2018/early 2019 at around $17 a share only to see the share price rise to almost $26 by late February then crash back to my purchase price by early March. You never know how LOW a stock can go so I liquidated my position with no loss and no gain, still convinced in the long run there is value in this company ..read more

I thought it was about time to review my positions as I haven’t posted any updates in the last three months. I’ve made a number of changes since the end of the year (and before) which I haven’t written about. So here’s a rundown of my current holdings with comments Altius MineralsThe company continues to acquire royalties financed by both debt and equity raises. The share price has been disappointingly unresponsive to both the improved macroeconomic environment (commodity pricing) and improvements in the operating business; investors seem to be stuck looking backwards at stock performance and ..read more

It’s been almost a year since I last posted. Much has happened but little has changed; the US stock market is almost exactly where it was last year at this point, slightly overvalued, in my humble opinion, but relatively strong given the healthy US economy and continued low interest rate environment. Except for a brief period in November and December of last year the US equity market continues to be quite uninteresting from a value investor’s perspective. In fact, I note that it’s not only me; my favorite blogs have been mostly quiet for the past year. Despite this, my portfolio has evolved ov ..read more