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Lexmark International Inc. Message Board

deanmortensen 10 posts  |  Last Activity: Jun 16, 2014 10:32 AM Member since: Feb 15, 2009
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  • deanmortensen deanmortensen Jun 16, 2014 10:32 AM Flag

    hopefully, I agree with you that the spinoff of a "pure play" senior housing reit should unlock value. Prior to today, Ken Riis and Wes Edens spoke of squeezing another $100 million out of the legacy CDOs over the next 4 years, and then jacking the cash into senior housing. I anticipate SNR will trade at a lower dividend yield and higher multiple of FFO than NCT--ie, SNR will trade closer to senior housing peer valuations than Newcastle, which is viewed as a conglomeration of diverse businesses.

    Sentiment: Strong Buy

  • Reply to

    Wow nice quarter!

    by hweb2 May 12, 2014 10:17 AM
    deanmortensen deanmortensen May 12, 2014 2:54 PM Flag

    hweb2, you stated, "Seems like it (MNDO) should be trading at $3+." I think that's because MNDO should indeed be trading at $3+. The dividend yield is over 10%, even after today's 10% gain. As you point out, the debt-free balance sheet sports nearly a buck of cash per share. MIND CTI has staffed up to meet increased demand from existing and new customers. Sometimes, it pays off not to over-analyze a stock, and I think this is one of those times. MNDO is dirt cheap. What's not to like?

    Sentiment: Strong Buy

  • Reply to

    MNDO is a good buy...

    by brucethesnake Apr 30, 2014 2:55 PM
    deanmortensen deanmortensen May 12, 2014 2:38 PM Flag

    You're dreaming, pal. When you buy those MNDO shares for $1.38, you might as well pick up some Faacebook shares for $18, and why not grab some Google shares for $380 as well?

    Sentiment: Strong Buy

  • Many news reports and articles point out that 80% of e-commerce transactions in China are through Alibaba. Alibaba does more e-commerce transactions that Amazon and Ebay combined. And, the number of internet users in China is still growing rapidly, unlike in the U.S. Alibaba's revenues grew over 50% in 4Q. One could almost say that Alibaba is e-commerce in China. Alibaba is also making inroads into mobile e-commerce, as 20% of sales in 4Q were made on mobile devices, up from 7% in the year earlier quarter. I expect institutional demand for IPO shares to be very strong, because of Alibaba's dominant incumbent position in China e-commerce and its torrid growth that looks set to continue.

    I think the IPO will price at the upper end of the expected range based on voracious demand for the shares. The current market price of Yahoo! stock is not reflective of its sum-of-the-parts value, and I expect Yahoo!'s stock price to advance after a successful Alibaba IPO which is likely to be way oversubscribed.

    Sentiment: Strong Buy

  • Reply to

    Give me a logical explanation

    by yamandolio May 8, 2014 11:45 AM
    deanmortensen deanmortensen May 9, 2014 10:40 AM Flag

    Fortress needs a catalyst to get the stock price moving. The market is ignoring the embedded fees earned in its funds. Wes Edens remarked on the 4Q conference call that Fortress will "harvest" some investments made in the 2006-7 timeframe this year. Perhaps that will be the catalyst for FIG's stock price. Also, if Novogratz can come from behind, and recoup the losses in the Macro Fund and the other funds with YTD losses, that will make FIG look better.

    Sentiment: Strong Buy

  • deanmortensen by deanmortensen May 7, 2014 12:18 PM Flag

    Emulex had a previous takeover offer, and now the stock is trading at multi-year lows. Emulex's technology and IP is valuable to competitors. At this price, Q-logic or another competitor could pick up Emulex for a firesale price. Q-logic has cash on it's debt-free balance sheet, and ought to make a run at ELX. On the other hand, Emulex ought to deploy its massive cash pile to buy back its own shares. Emulex has enough cash on its balance sheet to buy back half of its outstanding shares, which would cause its EPS to double!

    Sentiment: Strong Buy

  • deanmortensen deanmortensen May 1, 2014 8:45 PM Flag

    socalpac, you claim to have listened to the ELX conference call, but your description of it is at odds with what the ELX CEO actually said on the call. From that I conclude you are short ELX. That wouldn't surprise me at all, because this board is infested with shorts. It is what it is. I doubt anybody takes this board seriously.

    Sentiment: Strong Buy

  • deanmortensen deanmortensen May 1, 2014 6:23 PM Flag

    Well, it's true that Brocade is way up in the last several months. But, I believe Elliot Management has an excellent long-term track record, and is well known on Wall Street for having a nose for cheap stocks of companies with a future. So, I'm willing to ride on the coattails of Elliot Management to take a stake in ELX.

    Sentiment: Strong Buy

  • Nice to see that Elliot Management, an activist investor, owns a big stake in Emulex. Elliot was successful in pressuring Hess Corporation to make changes last year that helped to create shareholder value. Elliot pressured Hess to sell non-core assets and focus on shale oil development in the Bakken play. I wouldn't be surprised to see Elliot pressure Emulex management to take actions to enhance shareholder value after today's 30% plunge in the stock price. Now Elliot has a substantial loss on its ELX position, and Elliot will be antsy for Emulex management to do something fast to recoup the loss.

    Sentiment: Strong Buy

  • Reply to

    Nice Earnings Beat

    by tradingplacesdan123 May 1, 2014 8:30 AM
    deanmortensen deanmortensen May 1, 2014 5:26 PM Flag

    tradingplaces, I agree on all points. FIG is way, way undervalued. It has net cash and investments per dividend paying share of $2.97, and has $1.98 per share of "gross embedded incentive income that has not been recognized in distributable income". On last quarter's conference call, Wes Edens said it was expected that Fortress would harvest some of the investments made in 2006-7 in 2014, which as you point out bodes well for a boost in EPS this year!

    Sentiment: Strong Buy

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