benchmark Posted June 30, 2020 Share Posted June 30, 2020 bought more PDLI (a liquidation special situation) and some BRK.B at the lows at the end of the day (couldn't help myself - even though I already own some). wabuffo What's the PDLI liquidation play? simple google didn't yield anything Link to comment Share on other sites More sharing options...
wabuffo Posted June 30, 2020 Share Posted June 30, 2020 What's the PDLI liquidation play? simple google didn't yield anything https://www.sec.gov/Archives/edgar/data/882104/000088210420000057/pdli-2020def14adoc.htm#se100117011f048748132db3631831519 You got some reading to do. Cop a squint at the sections entitled: "general information about the dissolution and plan of dissolution." "Proposal #3" wabuffo Link to comment Share on other sites More sharing options...
Gregmal Posted June 30, 2020 Share Posted June 30, 2020 Starter in RPTX Link to comment Share on other sites More sharing options...
Spekulatius Posted July 1, 2020 Share Posted July 1, 2020 More D-Fens: BAESY and a bit of LHX. Link to comment Share on other sites More sharing options...
Maple Fun Posted July 1, 2020 Share Posted July 1, 2020 Bought some preferred shares of Husky Energy: HSE.PR.A, HSE.PR.G; 9%+ dividend yield from a solid investment grade issuer; Its ultra-long term (2037 maturity) bond trading at 5.4% YTM, so the credit spread is simply too large to ignore... Link to comment Share on other sites More sharing options...
Every Banana Counts Posted July 1, 2020 Share Posted July 1, 2020 TWTR Link to comment Share on other sites More sharing options...
cknucks Posted July 2, 2020 Share Posted July 2, 2020 IAC. Link to comment Share on other sites More sharing options...
lnofeisone Posted July 2, 2020 Share Posted July 2, 2020 Added some CEQP preferred. Some highlights of my thinking: 1) CEQP's contracts with CHK were changed in 2017 and I don't think CHK will be able to reject these in Ch11 2) If CEQP fails to pay on the preferred, the preferred rate starts to go up Link to comment Share on other sites More sharing options...
Orchard Posted July 2, 2020 Share Posted July 2, 2020 1) CEQP's contracts with CHK were changed in 2017 and I don't think CHK will be able to reject these in Ch11 It's nice to see that you got to set your own terms for the bankruptcy while everyone else has to play according to the country's laws. Link to comment Share on other sites More sharing options...
lnofeisone Posted July 2, 2020 Share Posted July 2, 2020 1) CEQP's contracts with CHK were changed in 2017 and I don't think CHK will be able to reject these in Ch11 It's nice to see that you got to set your own terms for the bankruptcy while everyone else has to play according to the country's laws. Orchard - I think this is a snarky comment but I'm going to assume positive intent here and ask. What part of my statement shows that I set my own terms while everyone else has to play according to country's laws? CEQP has a MRG contract for CHK. There is hardly a contract that's more favorable to CHK (or anyone really) so why would the court reject it? Link to comment Share on other sites More sharing options...
benchmark Posted July 4, 2020 Share Posted July 4, 2020 What's the PDLI liquidation play? simple google didn't yield anything https://www.sec.gov/Archives/edgar/data/882104/000088210420000057/pdli-2020def14adoc.htm#se100117011f048748132db3631831519 You got some reading to do. Cop a squint at the sections entitled: "general information about the dissolution and plan of dissolution." "Proposal #3" wabuffo Thank you Wabuffo. I have some questions regarding the timeline of this, especially with the long tail mentioned in the doc: • principal and interest payments due under a credit agreement entered into by the Company, as a lender, with CareView Communications, Inc., the recoverable amount of which is expected to be substantially less than the principal and interest payable; • amounts received in connection with our agreement with a counterparty pursuant to which we sold the remaining assets of DFM, LLC, to which we are entitled to a single-digit percentage of any net final award in connection with its monetization process using certain intangible assets included in the sale; • amounts received from a royalty based on a “know-how” license for technology provided in the design of solanezumab, an Eli Lilly-licensed humanized monoclonal antibody being tested in a study of older individuals who may be at risk of memory loss and cognitive decline due to Alzheimer’s disease. The 2% royalty on net sales is payable for 12.5 years after the product’s first commercial sale, and is currently in ongoing clinical studies with Phase 3 testing results expected in July of 2022; If they distribute the cash say by end of 2020, but receives royalty payment later. Is the shareholders supposed to track this themselves for tax purpose? How are these treated? Overall, what's your eval of the potential payment and timeline? thanks much. Link to comment Share on other sites More sharing options...
Charlie Posted July 6, 2020 Share Posted July 6, 2020 Bought some Berkshire b shares. Value up through acquisition, price still cheap. :) Link to comment Share on other sites More sharing options...
writser Posted July 6, 2020 Share Posted July 6, 2020 I've been accumulating some PDLI too. Starts to look attractive at current prices. Link to comment Share on other sites More sharing options...
wabuffo Posted July 6, 2020 Share Posted July 6, 2020 Hi benchmark - I just saw your questions. Perhaps we should set up a new topic on this one. I'll do that now. https://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/pdli-(pdl-biopharma-inc)/#new wabuffo Link to comment Share on other sites More sharing options...
LC Posted July 6, 2020 Share Posted July 6, 2020 Bought some livenation and wells. Link to comment Share on other sites More sharing options...
Castanza Posted July 7, 2020 Share Posted July 7, 2020 WFC, PBCT Link to comment Share on other sites More sharing options...
Lance Posted July 7, 2020 Share Posted July 7, 2020 PBCT and VNO Thanks Lance Link to comment Share on other sites More sharing options...
Gregmal Posted July 7, 2020 Share Posted July 7, 2020 ESRT, SWKH, TMO Link to comment Share on other sites More sharing options...
CorpRaider Posted July 8, 2020 Share Posted July 8, 2020 Bot some more wells gotdamnit. Link to comment Share on other sites More sharing options...
LC Posted July 8, 2020 Share Posted July 8, 2020 Bot some more wells gotdamnit. Man, I hear ya. Link to comment Share on other sites More sharing options...
K2SO Posted July 8, 2020 Share Posted July 8, 2020 MO Link to comment Share on other sites More sharing options...
Every Banana Counts Posted July 8, 2020 Share Posted July 8, 2020 WFC Link to comment Share on other sites More sharing options...
LC Posted July 8, 2020 Share Posted July 8, 2020 Sold 75% of Cloudflare and reallocated this into Akamai. Link to comment Share on other sites More sharing options...
ourkid8 Posted July 8, 2020 Share Posted July 8, 2020 Same, this is getting silly. I sold my cash account position in BAC and moved the funds into my registered RRSP account and bought WFC. I am getting tax benefits and a significantly cheaper stock. Let the good times roll :) Bot some more wells gotdamnit. Link to comment Share on other sites More sharing options...
CorpRaider Posted July 8, 2020 Share Posted July 8, 2020 I think BAC got to like 40% of TBV in 2011 (the good times when they were stroking all those settlement checks), so we could get some more pain (probably when they cut the dividend next week), but what can you do? Link to comment Share on other sites More sharing options...
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