Molex (MOLXA/MOLX): Pairs Trade Chart
This chart is a followup to my previous post on MOLX/MOLXA.
Molex (MOLXA/MOLX): Pairs Trade Chart
This chart is a followup to my previous post on MOLX/MOLXA.
Molex (MOLXA/MOLX): Pairs Trade
Autthor: ajalper MOLX is trading at a 21% premium to MOLXA. Both shares represent equivalent equity in Molex with differnt voting rights. The 21% premium is significantly higher that the 5 year average spread of 12%. It is likely the
Molex (MOLXA/MOLX): Pairs Trade
Autthor: ajalper MOLX is trading at a 21% premium to MOLXA. Both shares represent equivalent equity in Molex with differnt voting rights. The 21% premium is significantly higher that the 5 year average spread of 12%. It is likely the
BHP Billiton (BHP/BBL): Pairs Trade
Author: ajalper BHP Billiton’s BHP shares are currently trading at a 20-22% premium to its BBL shares. BHP is a DLC (dual listed company). Both shares represent the same equity share and are entitled to the same dividends and are listed
BHP Billiton (BHP/BBL): Pairs Trade
Author: ajalper BHP Billiton’s BHP shares are currently trading at a 20-22% premium to its BBL shares. BHP is a DLC (dual listed company). Both shares represent the same equity share and are entitled to the same dividends and are listed
Loews stub trading at parity
Loews is trading at parity against its holdings in CNA, DO, and BWP. The remaining businesses contribute another $6.30-$6.40 in book value, composed of (coincidentally enough) about $6.35 in cash, $6.45 in other assets, and $6.40 in debt. L’s stock
Loews stub trading at parity
Loews is trading at parity against its holdings in CNA, DO, and BWP. The remaining businesses contribute another $6.30-$6.40 in book value, composed of (coincidentally enough) about $6.35 in cash, $6.45 in other assets, and $6.40 in debt. L’s stock
Chipotle (CMG/CMG-B): Pairs Trade
Author: ajalper Chipotle’s A shares are currently trading at a 20-24% premium to its B shares. This spread is near its previous historic extremes. The A shares have a high probability of returning to a 7-10% premium within the next
Chipotle (CMG/CMG-B): Pairs Trade
Author: ajalper Chipotle’s A shares are currently trading at a 20-24% premium to its B shares. This spread is near its previous historic extremes. The A shares have a high probability of returning to a 7-10% premium within the next
Blockbuster (BBI / BBI.B): Pairs Trade
Author: ajalper Blockbuster’s A shares are currently trading at 2.25-2.75x the value of the B shares. Blockbusters pre-September ratio tracked at roughly 1.1x. Since mid September the ratio has varied wildly from 1.25-2.75. The spread had closed significantly in the last
Blockbuster (BBI / BBI.B): Pairs Trade
Author: ajalper Blockbuster’s A shares are currently trading at 2.25-2.75x the value of the B shares. Blockbusters pre-September ratio tracked at roughly 1.1x. Since mid September the ratio has varied wildly from 1.25-2.75. The spread had closed significantly in the last
Atlas America (ATLS): Relative Value Hedge
Author: MPC Atlas America (ATLS) is a natural gas drilling and pipeline holding company. Per share of ATLS, I believe the parent owns 0.7754 shares of natural gas driller Atlas Energy Resources (ATN), 0.4520 shares of pipeline GP Atlas Pipeline
Atlas America (ATLS): Relative Value Hedge
Author: MPC Atlas America (ATLS) is a natural gas drilling and pipeline holding company. Per share of ATLS, I believe the parent owns 0.7754 shares of natural gas driller Atlas Energy Resources (ATN), 0.4520 shares of pipeline GP Atlas Pipeline
Berkshire Hathaway (BRK.A / BRK.B): Pairs Trade
Author: ajalper The A shares are currently trading at a 6% (down from a peak 10%) premium to its historic relative value to the B shares. The premium usually bounces between 0-2%. This is a highly unusual spread for this
Berkshire Hathaway (BRK.A / BRK.B): Pairs Trade
Author: ajalper The A shares are currently trading at a 6% (down from a peak 10%) premium to its historic relative value to the B shares. The premium usually bounces between 0-2%. This is a highly unusual spread for this
Pimco High Income Fund (PHK): Short at 68% Premium to NAV
Author: JEllis The Pimco High Income fund is at a 68% premium to NAV. PHK got to such a crazy premium because Bill Gross talked it up in the Barron’s roundtable (helped by the high dividend). Per Gross’s rountable comments
Pimco High Income Fund (PHK): Short at 68% Premium to NAV
Author: JEllis The Pimco High Income fund is at a 68% premium to NAV. PHK got to such a crazy premium because Bill Gross talked it up in the Barron’s roundtable (helped by the high dividend). Per Gross’s rountable comments
Lennar (LEN.A / LEN.B): Pairs Trade
Author: Mr. B Short LEN and go long LEN.B I am arguing that the LEN.B shares are economically superior to the LEN’s mainly due to difference in voting rights. The LEN.B shares carry 10 votes for every 1 of the
Lennar (LEN.A / LEN.B): Pairs Trade
Author: Mr. B Short LEN and go long LEN.B I am arguing that the LEN.B shares are economically superior to the LEN’s mainly due to difference in voting rights. The LEN.B shares carry 10 votes for every 1 of the
Private Auctions
Author: Cogitator Here are some interesting securities being auctioned privately: PYMX warrants with $1 strike price; ask is $0.37 for 100,000 warrants; underlying stock is at $1.20. END 8.5% preferred convertible at $2.50; ask is $0.53; underlying stock is at
Private Auctions
Author: Cogitator Here are some interesting securities being auctioned privately: PYMX warrants with $1 strike price; ask is $0.37 for 100,000 warrants; underlying stock is at $1.20. END 8.5% preferred convertible at $2.50; ask is $0.53; underlying stock is at
Short ETF Capital Gains Distribution
Author: MPC The Rydex double short energy ETF (REC) recently paid out an $87 capital gains distribution. It closed the night before at $99, leaving $12 per share in the fund. Good explanations for this enormous dividend appeared on Seeking
Short ETF Capital Gains Distribution
Author: MPC The Rydex double short energy ETF (REC) recently paid out an $87 capital gains distribution. It closed the night before at $99, leaving $12 per share in the fund. Good explanations for this enormous dividend appeared on Seeking
Alliance Semiconductor (ALSC): Auction Rate Madness
Author: NHall Company is in the process of liquidation. Has paid out >$1.00/sh over the last year. Working on getting liquidity on the ARS (i.e.- talking to broker, underwriter, etc). Insiders are heavily buying the stock. Note: ABK has the
Alliance Semiconductor (ALSC): Auction Rate Madness
Author: NHall Company is in the process of liquidation. Has paid out >$1.00/sh over the last year. Working on getting liquidity on the ARS (i.e.- talking to broker, underwriter, etc). Insiders are heavily buying the stock. Note: ABK has the
Mueller Water (MWA / MWA.B): Pairs Trade
Author: NHall The MWA and MWA.B pair trade. Gap has been as tight at $.08 and as wide as $.30 recently. B shares worth economically more, but trade at a discount, and are being converted to A shares, approved at
Mueller Water (MWA / MWA.B): Pairs Trade
Author: NHall The MWA and MWA.B pair trade. Gap has been as tight at $.08 and as wide as $.30 recently. B shares worth economically more, but trade at a discount, and are being converted to A shares, approved at
Salton (SFPI): Going Private Arbitrage
Author: PLee Salton (SFPI) is trying to go private by the end of the year. Harbinger Capital owns a combined 94.4% through two different entities and will be executing a short form merger on Dec 7 that doesn’t require shareholder
Salton (SFPI): Going Private Arbitrage
Author: PLee Salton (SFPI) is trying to go private by the end of the year. Harbinger Capital owns a combined 94.4% through two different entities and will be executing a short form merger on Dec 7 that doesn’t require shareholder
Foster Wheeler (FWLT / FWLTW): Convertible Arbitrage
Author: Cogitator Foster Wheeler’s 10-K reads: “Each Class A warrant entitles its owner to purchase 3.3682 common shares at an exercise price of $4.689 per common share thereunder, subject to the terms of the warrant agreement between the warrant agent
Foster Wheeler (FWLT / FWLTW): Convertible Arbitrage
Author: Cogitator Foster Wheeler’s 10-K reads: “Each Class A warrant entitles its owner to purchase 3.3682 common shares at an exercise price of $4.689 per common share thereunder, subject to the terms of the warrant agreement between the warrant agent
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