Comments on: Workouts Work Out In Down Markets – Part 1 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/ Value Investing Blog Mon, 16 May 2011 10:55:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: J http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1435 J Wed, 13 Feb 2008 19:09:10 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1435 Do most workouts occur in the order of the 7 steps you provided above? I am currently looking at TONE where shareholder approval has been approved but not regulatory approval. Do most workouts occur in the order of the 7 steps you provided above?

I am currently looking at TONE where shareholder approval has been approved but not regulatory approval.

]]> By: Joe Ponzio http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1239 Joe Ponzio Mon, 21 Jan 2008 05:07:27 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1239 <b>Sam:</b> Check out <a href="http://www.fwallstreet.com/blog/103.htm" title="today's post">today's post</a>. The terms of the financing are generally in the merger agreement. You have to find deals that are "no-brainers" to both the banks and the parties. <b>Loren:</b> Real estate is getting slammed, and everything that goes with it is dropping. When bottom feeding in real estate, you have to try and identify the companies that will be able to weather the storm. Apparently, <a href="http://www.reuters.com/article/marketsNews/idUKWNAS680920080117?rpc=44" title="PCR defaulted on a loan" rel="nofollow">PCR defaulted on a loan</a>. Why? What will be the impact on the company? Is this noise or news. If the terms of the laon are such that the entire balance can be called upon default, this may not be an overreaction, but a major blow to the business. Not the answer you wanted, sorry: I just don't know. Sam: Check out today’s post. The terms of the financing are generally in the merger agreement. You have to find deals that are “no-brainers” to both the banks and the parties.

Loren: Real estate is getting slammed, and everything that goes with it is dropping. When bottom feeding in real estate, you have to try and identify the companies that will be able to weather the storm.

Apparently, PCR defaulted on a loan. Why? What will be the impact on the company? Is this noise or news. If the terms of the laon are such that the entire balance can be called upon default, this may not be an overreaction, but a major blow to the business.

Not the answer you wanted, sorry: I just don’t know.

]]> By: Sam http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1235 Sam Sun, 20 Jan 2008 17:49:41 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1235 How do you figure out if the debt financing won't be pulled by the bank? Isn't that what's creating attractive spreads in todays markets? How do you figure out if the debt financing won’t be pulled by the bank? Isn’t that what’s creating attractive spreads in todays markets?

]]> By: Loren http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1225 Loren Fri, 18 Jan 2008 04:48:54 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1225 Any thought's on the beating PCR got? I'd like to think it's an overreaction, but then, I'm invested. :) Any thought’s on the beating PCR got? I’d like to think it’s an overreaction, but then, I’m invested. :)

]]> By: Kevin http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1217 Kevin Wed, 16 Jan 2008 11:14:58 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1217 Excellent post ! Here is a free website which tracks arbitrage positions... http://www.arbitrageview.com/riskarb.htm Excellent post ! Here is a free website which tracks arbitrage positions…

http://www.arbitrageview.com/riskarb.htm

]]> By: George http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1216 George Wed, 16 Jan 2008 09:05:40 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1216 Great article on workouts, Joe. I thought I was the only value investing blogger with interest in workout and special situations. It good to see that I'm in good company. I find that some of the best workout opportunities involved going private transactions, odd lot tender offers, and split offs. These types of transactions give individual investors an advantage. I've been tracking them at <a href="http://www.fatpitchfinancials.com/" title="Fat Pitch Financials">Fat Pitch Financials</a> since 2004 and my Special Situations Real Money Portfolio has generated a 24% annualized rate of return since then. Last year my return was over 47%! If you are looking for workouts and special situation opportunities, I share my research at FatPitchFinancials.com <a href="http://www.fatpitchfinancials.com/contributors/" title="Contributor's Corner">Contributor's Corner</a>. The information is updated throughout the day by my active and motivated members (they earn 3 free days for each valuable update they provide) and my service is priced very reasonably. We are currently discussing MGM and about a dozen other opportunities. Great article on workouts, Joe. I thought I was the only value investing blogger with interest in workout and special situations. It good to see that I’m in good company.

I find that some of the best workout opportunities involved going private transactions, odd lot tender offers, and split offs. These types of transactions give individual investors an advantage. I’ve been tracking them at Fat Pitch Financials since 2004 and my Special Situations Real Money Portfolio has generated a 24% annualized rate of return since then. Last year my return was over 47%!

If you are looking for workouts and special situation opportunities, I share my research at FatPitchFinancials.com Contributor’s Corner. The information is updated throughout the day by my active and motivated members (they earn 3 free days for each valuable update they provide) and my service is priced very reasonably. We are currently discussing MGM and about a dozen other opportunities.

]]> By: heterocedastico http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1215 heterocedastico Wed, 16 Jan 2008 07:08:20 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1215 Joe, Excelent post. You have a really great blog. Waht do you think of this arbitrage opportunity: New Motion - Traffix (40% discount) -> http://10qdetective.blogspot.com/2008/01/arbitrage-play-potential-42-gains-at.html Best regards Heterocedastico Joe,

Excelent post. You have a really great blog.

Waht do you think of this arbitrage opportunity: New Motion – Traffix (40% discount) -> http://10qdetective.blogspot.com/2008/01/arbitrage-play-potential-42-gains-at.html

Best regards

Heterocedastico

]]> By: D http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1214 D Wed, 16 Jan 2008 06:50:57 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1214 Joe, Is there an opportunity on Oracle purchasing BEA Systems? If yes, what are risk and reward? Thanks for your nice work. Joe,

Is there an opportunity on Oracle purchasing BEA Systems? If yes, what are risk and reward? Thanks for your nice work.

]]> By: Tim J http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1213 Tim J Wed, 16 Jan 2008 06:47:35 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1213 Where are some good resources to find special situations? Where are some good resources to find special situations?

]]> By: Joe Ponzio http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-1/#comment-1212 Joe Ponzio Wed, 16 Jan 2008 05:25:35 +0000 http://www.fwallstreet.com/article/101-workouts-work-out-in-down-markets-part-1#comment-1212 I saw an average volume of about 1.7 million. Even still, if they snuck in and slowly acquired a few hundred thousand dollars a day, they could beat their Dutch auction. What I don't understand is the rush to overpay, thereby forcing yourself to pay that much, when they could just as easily sneak in, in whole or in part, for much less. Of course, I don't pretend to understand their rationale. The real question: Can we make low-risk money from it? I saw an average volume of about 1.7 million. Even still, if they snuck in and slowly acquired a few hundred thousand dollars a day, they could beat their Dutch auction. What I don’t understand is the rush to overpay, thereby forcing yourself to pay that much, when they could just as easily sneak in, in whole or in part, for much less.

Of course, I don’t pretend to understand their rationale. The real question: Can we make low-risk money from it?

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