Profile: Black Diamond Inc.

Black Diamond Inc (BDE) is a reverse merger stock as two operating companies, Black Diamond Equipment and Gregory Backpacks, were aquired by a registered shell company Clarus Corp, that had previously sold its software operations. In a letter to shareholders from May 2010, chairman Warren B. Kanders states: After a long and thorough process of … Continue reading Profile: Black Diamond Inc.

Advertisements

Profile: Adidas Group AG.

Website: Adidas-group.com Factsheet: (link) Industry Profile: (link) Sportgamma.net articles on Adidas Back-of-the-Envelope Valuation Currently, the shares of Adidas AG. seem to be fairly valued. Using the takeover bid price of Timberland as the most recent real market multiple for a company in the sport apparel & footwear industry, we come at a fair value of … Continue reading Profile: Adidas Group AG.

Profile: Aperam

Thesis Special situation: Spin-off Timeframe: 12-18 months Expected return: 50% total (33% assuming 18 month duration) The company APERAM came into existence when ArcelorMittal spun-off their stainless steel operations. Aperam is the 6th biggest stainless steel producer in the world, the 2nd largest in Europe and the largest stainless and specialty steel producer in South … Continue reading Profile: Aperam

Profile: Henry Singleton

"By the way, you may not know, but the Michael Jordan of stock buybacks was Henry Singleton at Teledyne. Henry began Teledyne in 1961 with approximately seven million shares outstanding and grew the company through acquisitions while shares outstanding peaked in 1972 at 88 million. From 1972 to 1987, long before stock buybacks became popular, … Continue reading Profile: Henry Singleton

Profile: Delta Lloyd Group (dl.as)

Website:  http://www.deltalloydgroep.com Delta Lloyd initial IPO prospectus (link) David Einhorn´s Greenlight Capital holds a position in DL.  In a speech at the Ira Sohn conferance, Einhorn talked about his DL thesis (read transcript at insidermonkey.com): ...on price: "It has 167M shares outstanding and trades at 70% book value, 6x earnings, and has a 6% dividend … Continue reading Profile: Delta Lloyd Group (dl.as)

Profile: John Malone

John Malone is a legendary financial engineer. He’s value oriented, specialized in the entertainment and media industry (most notably cable) and known for being exceptionally shrewd when it comes to special situations. An awesome lecture by Dr. John Malone: http://youtu.be/v5QfCLeloEg   John Malone talks of his past and future: Part One This is a great … Continue reading Profile: John Malone