TMFRoyal

James Royal

Jim is a special-situations investor focusing on transactional events (such as spinoffs, recapitalizations, or reorganizations, among others) that create advantageous stock mispricings.

TMFRoyal’s Activity

Today

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 4 hours ago

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 4 hours ago

Special Ops Boards Post

TMFRoyal posted to the Special Ops boards. 1:48 PM

NL

Boards Post

TMFRoyal replied to the Jim Royal board. 1:43 PM

Re: EXETF Settlement

Did you pick up ENSG after the spinoff? It was trading at a very attractive price just after the spin. Even now, it's trading at 14x 2015 earnings, so not that expensive even now. They've just been a phenomenal operator.

Jim

NL

Boards Post

TMFRoyal replied to the Jim Royal board. 12:04 PM

Re: EXETF Settlement

Iain, IIRC the CEO said on the call that they valued the unencumbered portion of the portfolio at $250-300 mn at an 11% cap rate. That seems quite punitive, and I've seen a lot of deals in healthcare go for the 8.5%-9.5% range in the last couple [more]

Yesterday

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 11:03 PM

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Boards Post

TMFRoyal posted to the Jim Royal board. 4:35 PM

Portfolio allocations

Here's the latest allocations. I'll be putting some new cash to work soon, which I'll receive on the first of the month.

BAC-WTA 3.1%
WPG 0.5%
VEC 1.2%
HLF 62.5 call 1.1%
HLF put -3.0%
HLF 80 call 103.1%
HLF 100 call [more]

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 3:46 PM

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 3:42 PM

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Boards Post

TMFRoyal replied to the Jim Royal board. 2:43 PM

Re: EXETF Settlement

HappyMojo, I think at the current price of $7, you're paying very little for the American unit. I go through pricing of that unit in this article:

[more]

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Boards Post

TMFRoyal replied to the Jim Royal board. 2:37 PM

Re: EXETF Settlement

Sroackaz, they've already reserved for the government payout.

With no announcement on a sale, I'm starting to wonder if they announce a spinoff instead shortly.

Jim

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 1:53 PM

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 1:50 PM

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Boards Post

TMFRoyal replied to the Jim Royal board. 1:43 PM

Re: Ashford spinoff

And more!

http://www.marketwatch.com/story/will-aht-investors-be-force...

REIT funds may [more]

Special Ops Boards Post

TMFRoyal posted to the Special Ops boards. 1:39 PM

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Boards Post

TMFRoyal replied to the Jim Royal board. 12:48 PM

Re: Jana Discloses 7% Stake in Hertz

This looks to be good news. Now there's approaching 20% of the stock in two well-known activists' hands, and they'll keep the heat on management. Bodes well, I think. HTZ is really quite cheap here.

Jim

Special Ops Boards Post

TMFRoyal replied to the Special Ops boards. 11:51 AM

Sat Oct 18

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Boards Post

TMFRoyal replied to the Jim Royal board. 1:25 AM

Re: ENSG spinoff -- CTRE

Anyone who didn't previously own the stock would be buying at the presumably ~$14.60 price. They could expect to receive 80% of funds available for distribution, or about $0.84 per share, or about a 5.7% yield.

Like you say, the absolute [more]

Fri Oct 17

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Boards Post

TMFRoyal replied to the Jim Royal board. 4:07 PM

Re: Ebay spinoff of Paypal

Some good background. Thanks for sharing, Frank!

Jim

NL

Boards Post

TMFRoyal posted to the Jim Royal board. 12:59 PM

ENSG spinoff -- CTRE

So CTRE just announced their purging distribution in connection with their transformation into a REIT.

[more]

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CAPS Stats & Trivia

CAPS Player Rating 98.58
Player Rank 1065 out of 75062
Score 2116.24
Score Change Today -66.91
Accuracy 69.65%
Active Picks 140
Total Picks 823
Best Pick CMCT (+410.40)
Worst Pick PIR (-344.96)
Average Score per Pick 2.57
Charms Earned 13
Highest Rated Favorite TMFStockSpam
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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool CAPS All Star
Board Posts 1980
Recs Received 2861
People who have rec'd these posts 477
Recs to Posts Ratio (last 30 days) 4.70
Threads Started 775
Threads Started Percentage 39.14 %
Most Frequent Board Jim Royal
Very First Post A HGS: FARO Technologies post. (3/10/2005)
Percentage of Posts Rec'd 46.87 %
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