Reading Time: 3 minutes (Update 21Oct09) Baird analyst downgraded BEE. The stock dropped quite a bit. Also, I found the web site of Vector Group Ltd here. Vector Group bought a 7.1% stake in BEE on July 8 (SEC filing here). Note the owners of BEE includes Bill Gates (via. his Cascade Investment). A Hotel REIT list. (Original) Ticker

stlplace
October 11, 2009

Reading Time: < 1 minute I did not do anything with my 401k when I left my old employer about one year ago. The past year was also a year of hugh up and downs. I managed not to do anything with it in the past year: no re-balance, no jump in and jump out, no rollover to IRA, and

stlplace
October 9, 2009

Reading Time: 4 minutes That’s not my observation, that’s what Graham, the value investing guru, said in his book “Intelligent Investor”. I think this is especially true in the current IPO market. Two large recent IPOs, Shanda Games (Nasdaq:GAME) and Banco Santander Brasil S.A. (BSBR, SANB11.BR), showed exactly that. Both traded lower the first day it went public. I

stlplace
October 8, 2009

Reading Time: < 1 minute Forget about the stupid IPOs, stocks, economy,…it’s baseball time in this baseball town. St. Louis Cardinals is playing NLDS (National League Division Series) against LA Dodgers. Here is the local (St. Louis area) TV schedule. Gm 1 STL @ LAD Wed 10/7 9:37 TBS Chris Carpenter v Randy Wolf Gm 2 STL @ LAD Thu

stlplace
October 7, 2009

Reading Time: < 1 minute (11Nov09) The company announced Q3 09 results. Note the company had higher than expected expense on stock based executive compensation (related to IPO). Basically the company let the executive stock options vested upon IPO. (Update Oct 08, 2009) I sold it this afternoon (ET) at $10, and got the new IPO Mistras (NYSE:MG). Like I

stlplace
October 5, 2009

Reading Time: 2 minutes (Update 2) Some employee reviews at jobvent. (Update) Market cap calculation: the company issued 5.7 m * $14 = $79.8 m. According to 424B4: (principle and selling shareholders), 1,714,710 shares is about 8.0 % (last row). 5.7 /1.715 * 8% = 3.3241 * 8% = 26.59%. So the market cap is about: $79.8 m /

stlplace
October 2, 2009

Reading Time: 2 minutes (Update 2) It appears EDMC IPO had warm reception. After all, it’s backed by Goldman (both as investor and IPO underwriter). Also from Reuters. (Update) BTW, I found Echo Global Logistics IPO to be much more interesting, will write it up soon. (Original) Priced at $18 a piece (Reuters), quote: EDMC (web site), a provider

stlplace
October 2, 2009

Reading Time: < 1 minute From YouTube. Pretty nice, huh?

stlplace
October 1, 2009

Reading Time: 2 minutes (Update Oct-01-2009) Sold all CBAK shares today. I don’t want to hold it in this market. Took a small profit (about 3.5%). (Original) Some background As of Sept 28, the big brother BYD market cap HKD 140.9 b = USD 18.18 b; annual revenue RMB 26.788 b (Google finance HK: 1211) the little brother China

stlplace
September 29, 2009

Reading Time: < 1 minute Today Xerox announced a $6.4 billion deal to buy BPO (short for busines process outsourcing, basically IT service) company Affiliate Computer Services (NYSE:ACS), refer to this MarketWatch article for more details. Both companies are not new to me, because I know Xerox (Palo Alto Research Center, Wiki entry, PARC own web site) invented the computer

stlplace
September 28, 2009
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