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