yadayada Posted September 4, 2014 Share Posted September 4, 2014 So Greenblatt is involved, it looks like some special situation type stock. And it involves dry bulkers. Seems that a lot of very smart funds and investors get involved with shipping. Wilbur ross, Oak tree and now greenblatt. Except this one is a bit different then the regular dry bulk shipping companies. http://seekingalpha.com/article/2466585-quartet-joel-greenblatt-writes-a-blank-check-for-pangaea-logistics This article claim they have some sort of moat in a niche area. Link to comment Share on other sites More sharing options...
jouni1 Posted September 5, 2014 Share Posted September 5, 2014 damn, my broker only lists the common and units, and i want some rights. did i understand correctly that unit = 1 common + 1 right? Link to comment Share on other sites More sharing options...
Wilson-TPC Posted September 5, 2014 Share Posted September 5, 2014 the last comp that was involved with Greenblatt, SAEX has done horse shit. This is the same author that's bearish on VRTV. I read it with skepticism. Link to comment Share on other sites More sharing options...
yadayada Posted September 5, 2014 Author Share Posted September 5, 2014 Heavy insider buying on SAEX. And it looks cheap. Trading under 10x earnings? Link to comment Share on other sites More sharing options...
usdtor05 Posted September 6, 2014 Share Posted September 6, 2014 jouni1 yes you want QTETR which are the rights. the units trade with one common and one warrant attached. I am long WLRH which is Wilbur Ross' SPAC. I think there is a good chance he rolls it up into EXCO along with the other major holders (Oaktree and Watsa). Link to comment Share on other sites More sharing options...
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