BenHacker’s Activity

Fri Sep 21

NL

Boards Post

BenHacker replied to the Last RoundUp board. 2:28 PM

Re: Poll: what yield would you consider?

Martian:

"good example is ty preferred

credit risk: ZERO (fund is 1.56b assets; this issue is 30m and it pays 1.5m at par; there are also restrictions on the fund itself that essentially render this fund risk-free barring
[more]

Fri Sep 21

NL

Boards Post

BenHacker replied to the Last RoundUp board. 12:09 PM

Re: Poll: what yield would you consider?

"since we're all guessing I'm assuming he meant 'current yield' but there's no way I can answer that without knowing the risks."

Yeah, to me it's 100% impossible unless we are talking about a return [more]

Mon Sep 17

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 11:43 PM

Re: An Idea - Conrad Industries (CNRD)

ET, great post as always.

Excellent note on the Jones Act, a fact I neglected to mention.

I too had kind of off and on followed CNRD for a while. As noted, I'm not super pumped about it, but I kind of peg it as a 10-12%+ ROE [more]

Sun Sep 16

NL

Boards Post

BenHacker posted to the Deranged Monkey Criticism board. 1:01 PM

An Idea - Dundee Corp Pref (B, and D only)

I put a post on these in the Bond / Income board in May - so read that for some more background (common dropped $0.5 since then, and preferreds are slightly cheaper):

[more]

NL

Boards Post

BenHacker posted to the Deranged Monkey Criticism board. 12:54 PM

An Idea - SHLD Oct 15, 2018 6.625% Secured

About a year ago I sold out of my long OTC traded SSRAP notes. The ongoing operating losses moved to the point where I had lost confidence of my SRAC notes being made whole long term.

Interestingly enough, the market for SRAC notes has [more]

NL

Boards Post

BenHacker posted to the Deranged Monkey Criticism board. 12:37 PM

An Idea - Conrad Industries (CNRD)

Background:
Conrad is a ship construction, conversion, and repair company in Louisiana. From their annual report: [more]

Thu Sep 13

NL

Boards Post

BenHacker replied to the Berkshire Hathaway board. 7:45 PM

Re: Apple & Tesla

Musk is fond of 420?

I'll allow the joke. ;-)

But seriously, there is an aspect about Tesla's numbers that feel... pulled out of thin air...

here --> [more]

NL

Boards Post

BenHacker replied to the Berkshire Hathaway board. 7:10 PM

Re: Apple & Tesla

I don't know what it is about Tesla that makes so much bullish commentary around it sound like mindless OTC penny stock pumping, but something certainly does seem to do that. :) I guess that's one of the (many) reasons grumpy bears are always [more]

Sat Aug 18

NL

Boards Post

BenHacker replied to the Last RoundUp board. 12:12 PM

Re: TSLA

"Just intellectual curiosity (since this trade is not for us mere mortals) but how hard is it to get a borrow and how expensive is it right now?"

Cheap and plentiful. ~2% annual borrow. Few hundred K shares available at IB, more [more]

Mon Jul 16

NL

Boards Post

BenHacker replied to the Last RoundUp board. 5:46 PM

Re: face plant

I think another interesting point is whether Tan moving out of semi's is sending a signal about how he views that market, although it could be simply AVGO was getting too big. But if that is the case, what were current shareholders thinking [more]

Fri Jul 13

NL

Boards Post

BenHacker replied to the Last RoundUp board. 11:39 AM

Re: face plant

hey - just a fwiw

thanks for posting that note as well!

getting another perspective, having a view looked at in a different way....very helpful


Oh no problem, thanks for your response.

I appreciate the [more]

Thu Jul 12

NL

Boards Post

BenHacker replied to the Last RoundUp board. 2:28 PM

Re: face plant

No position, but I believe many who didn't really grasp (perhaps for a very long time) the strategy behind what Hock was doing and came late to understand the story - this group includes nearly everyone by the way (not a dig at you) - now feel [more]

Fri Jun 8

NL

Boards Post

BenHacker replied to the Bonds & Fixed Income Investments board. 4:22 PM

Re: A comparison in the short-term bond market

ranshdow,

"I wonder if this is a sign that the marginal buyer of CA muni bonds has a marginal federal tax rate well north of 40%? Suggests that currently at least, muni bonds aren't the best deal for people with marginal federal [more]

Wed May 9

NL

Boards Post

BenHacker replied to the Bonds & Fixed Income Investments board. 5:06 PM

Re: QIB Bond Exchanges

Didn't end up doing anything here. Hard to ascertain if there was any effect as oil was moving up during the exchange. I ended up holding as I own(ed) the '21's which were subordinated in the exchange, but effectively made more senior due [more]

NL

Boards Post

BenHacker posted to the Bonds & Fixed Income Investments board. 9:39 AM

Dundee Corp -- Preferred

Dundee Corp Common:
-- DC.a (TSX listed) - $2 / share

Dundee Corp Preferred:
-- E (2018 maturity @ $25, senior) - $24.50 / share
-- B/D (cumulative, no maturity, $25 par), both trading near $11.25-11.40. These are fixed to [more]

Thu Apr 26

NL

Boards Post

BenHacker replied to the Last RoundUp board. 4:03 PM

Re: Better Fills

Ok, I think I see what is happening.

So you are seeing a bid/ask... You are offering to transact immediately (buying at ask, selling at offer). ok.

By breaking the order into <100 share lots, my best guess is the [more]

Wed Apr 25

NL

Boards Post

BenHacker replied to the Last RoundUp board. 10:56 PM

Re: Better Fills

Martian, what do you mean by 1100 to 700 spread?

Provide some more color and I can maybe share some thoughts.

Are we talking us names, or Canadian names traded via US OTC?

Mon Apr 9

NL

Boards Post

BenHacker replied to the Jefferies Financial Group board. 1:57 PM

Re: If anyone is asleep...

It's interesting how negative the view is here on the boards/twitter that I frequent.

it's kind of a head scratcher given that even mid-sized IB's don't generally trade below book very often (or now).

I see the [more]

NL

Boards Post

BenHacker replied to the Jefferies Financial Group board. 10:10 AM

Re: If anyone is asleep...

https://www.sec.gov/Archives/edgar/data/96223/00011931251811...

Selling a good chunk of NB.
Selling Garcadia.
Vitesse doing a little [more]

Wed Mar 28

NL

Boards Post

BenHacker replied to the Last RoundUp board. 8:34 PM

Re: good news!

Kingran,

"My logic was - downside of aiming high is *zero*...

This is not correct. Let us say the job has a salary range of $125 to $135K; and you think you will be hired if you asked for $100K or rejected because you [more]

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Score Change Today +1.13
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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1490
Recs Received 4379
People who have rec'd these posts 749
Recs to Posts Ratio (last 30 days) N/A
Threads Started 181
Threads Started Percentage 12.15 %
Most Frequent Board Deranged Monkey Criticism
Very First Post Sysco Corporation (SYY) (6/20/2003)
Percentage of Posts Rec'd 66.51 %
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