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  • cdubey 2013-05-13 07:25
    MritikCapital: Hi Chandan,

    What is your preference of MTCN vs MT? The company is a tough business but I am willing to dig further to see if there may be a reasonabl
    I understand that the note give you better safety in case the company files for bankruptcy i.e., they come prior to equity holders, and offer you a confirmed dividend yield of 6% -- which is not too shabby. The downside is that you may have to buy shares between $16.75-$20.94, depending on the price of the shares around the maturity.

    I am not betting on MT going bankrupt. The shares trade for $13. I will buy the shares instead of the convertible at these prices.
  • cdubey 2013-04-26 09:27
    MritikCapital: Hi Chandan, What is your take on $65 for NOV today? They seem to have a wide moat business, reasonable financial strength and a backlog. Your thoughts
    A company which I am watching very closely. I have sold a Jan 2015 put at strike price $57.5 for $7.34. The reason is that my target buy price is $60. I will not buy the company above $60 because it does not offer me the required margin of safety. This is why I have sold the put and waiting for the market to throw me the deal.

    Apart from the price, I love the business and the management. If I did not have a high target for the margin of safety, I would have gladly bought it. I am sure that you will do very well buying NOV for the long term at these prices. Do not open a huge position at once but keep adding if the stock keeps going down. Make a comfortably large position around $55-$50 range.
  • batbeer2 2013-04-17 14:59
    MritikCapital: Dear Batbeer2, Given that you are very familiar with this company what is your fair value estimate of DJCO today? Does DJCO reporting declare the actu
    Hi MritikCapital,

    An investment portfolio currently worth $125m (my estimate) plus 5x earnings of $5m gets you to $150m.

    That's $108 per share.

    At that price you get the software business for free. I'm not buying now but I maintain a significant position. Looking forward to the next 10-q.   

    I wouldn't be surprised if there were some GS convertibles in that portfolio (like the ones Buffett recently traded in). We'll find out in about four weeks.
  • batbeer2 2013-04-17 14:41
    MritikCapital: Dear Batbeer2, Given that you are very familiar with this company what is your fair value estimate of DJCO today? Does DJCO reporting declare the actu
    Hi MritikCapital,

    An investment portfolio currently worth $125m (my estimate) plus 5x earnings of $5m gets you to $150m.

    That's $108 per share.

    At that price you get the software business for free. I'm not buying now but I maintain a significant position. Looking forward to the next 10-q.   

    I wouldn't be surprised if there were some GS convertibles in that portfolio (like the ones Buffett recently traded in). We'll find out in about four weeks.
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