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Fidelity National Financial, Inc. Message Board

dickeypiper1 50 posts  |  Last Activity: Dec 24, 2014 8:03 AM Member since: Jul 26, 2002
  • Reply to

    12-15-2014: SC 13D

    by dickeypiper1 Dec 22, 2014 5:58 AM
    dickeypiper1 dickeypiper1 Dec 24, 2014 8:03 AM Flag

    Thank you for the clarification. The only other thing I could think of was that Majesco had made a private transaction to purchase the shares owned by Renn Capital which simply did not make sense.

    Sentiment: Strong Buy

  • Reply to

    IBM investment

    by tomandjanewright Dec 23, 2014 11:01 AM
    dickeypiper1 dickeypiper1 Dec 24, 2014 7:59 AM Flag

    If someone lists or points out actual facts how does that make them a stock pumping cheerleader?

    I also hope that WEB has been selling IBM here. In regards to the discussion about tax losses I seem to recall that years ago BRK reduced its position in BUD which at that time had been a fairly recent position.

    As far as WEB discussing IBM with someone the only thing I can remember him saying was that he had spoken to the IT people at a number of BRK owned companies.

    Hope that everyone has a great Christmas!!

  • On the CC it was mentioned that they are bidding on a tremendous amount of new business. It was also mentioned that they are not always able to announce new contract signings......many customers don't want them to issue a PR. I'm wondering if the recent insider buying has coincided with some decent new unannounced contracts.

    At the current price the risk/reward is compelling.

    Sentiment: Strong Buy

  • dickeypiper1 by dickeypiper1 Dec 22, 2014 5:58 AM Flag

    Reporting Persons: Majesco



    Sentiment: Strong Buy

  • dickeypiper1 by dickeypiper1 Dec 17, 2014 8:27 AM Flag

    think the easiest way to view it is that as a COVR shareholder would you rather have 16.5% of a company with $100+ million in revenue AND decent growth prospects or have 100% of a company with just over $20 million in revenue and extremely slow growth (struggling to win new customers)?

    As far as valuation one can speculate as to what the P/S ratio of the new company will be. If the multiple is four (i.e. valuation of $400 million) then COVR shareholders will be at approx. $2.50 per share. GWRE has a P/S multiple of 9+.........

    For what it's worth Wall St. loves a pure play story that is highly acquisitive. From what I gather that seems to be the plan.

    Sentiment: Strong Buy

  • dickeypiper1 by dickeypiper1 Dec 14, 2014 9:58 PM Flag

    see press release

    Sentiment: Strong Buy

  • Reply to

    HRG Math

    by jsqfunk Nov 29, 2014 8:16 PM
    dickeypiper1 dickeypiper1 Dec 6, 2014 1:14 PM Flag

    Buying HRG stock at a discount to the current market price has been a huge winner for LUK. My assumption is that this involves JEF working with a client as well. As the price of HRG goes up they will be purchasing additional shares.

    Definitely agree that LUK should be buying back its own shares. Do not understand why they are not doing it.

    Sentiment: Strong Buy

  • Reply to

    do or die time for Wabush

    by shocklord_de Dec 5, 2014 2:40 AM
    dickeypiper1 dickeypiper1 Dec 6, 2014 1:09 PM Flag

    If CLF issues a termination notice then MIL receives ownership. Being that CLF is dismantling the infrastructure this seems a foregone conclusion. The downside is that MIL will no longer receive the minimum royalty payment.

  • Reply to

    do or die time for Wabush

    by shocklord_de Dec 5, 2014 2:40 AM
    dickeypiper1 dickeypiper1 Dec 6, 2014 10:02 AM Flag

    In the event that CLF and MIL had negotiated some type of transition agreement with the price of iron ore so depressed is it realistic to believe that the mine would be reopened and the workers called back to work?

    Looks like the big winner is going to be MIL. They are going to be given an asset once valued at $200+ million for FREE and will have minimal overhead costs. No way to predict the price of a commodity but at some point the price of IO will go up again and they can either mine it themselves or combine the mine and the royalty together and sell it outright in a package deal.

  • Reply to

    Suggestion to Management

    by beachlawyer2003 Dec 5, 2014 3:32 PM
    dickeypiper1 dickeypiper1 Dec 6, 2014 6:06 AM Flag

    Handler & Co. would not be interested. Doubtful if WEB would have any interest in fully owning JEF. Also BRK would then most likely have to sell its position in GS and be taxed on the gains.

    Sentiment: Strong Buy

  • Reply to


    by dickeypiper1 Nov 25, 2014 12:11 PM
    dickeypiper1 dickeypiper1 Nov 27, 2014 5:51 AM Flag

    Sounds as if they have an agreement with a large shareholder to buy shares at certain price points with the purchase price being at a discount to the market price. In regards to what we can easily follow this is probably team Handler's best deal so far. Interestingly HRG's ownership interest in Spectrum Brands is worth $2.6+ billion.

  • Reply to


    by dickeypiper1 Nov 25, 2014 12:11 PM
    dickeypiper1 dickeypiper1 Nov 26, 2014 10:10 AM Flag

    more accurate info:

    - bought 5 million shares @ 12.75 each
    - now own 46.6 million shares
    - 23.2% ownership

  • Reply to


    by dickeypiper1 Nov 25, 2014 12:11 PM
    dickeypiper1 dickeypiper1 Nov 26, 2014 7:39 AM Flag

    per Seeking Alpha the stake has been increased by 5 million shares and LUK now owns 22%.

  • dickeypiper1 by dickeypiper1 Nov 25, 2014 12:11 PM Flag

    A lot going on....wonder if LUK will continue to increase its stake.

  • dickeypiper1 by dickeypiper1 Nov 25, 2014 5:06 AM Flag

    "gangtime" lawsuit at Kansas facility (can Google it). Could be as much as $350,000.

  • Reply to

    New Shareholder

    by dickeypiper1 Nov 18, 2014 11:04 AM
    dickeypiper1 dickeypiper1 Nov 21, 2014 11:03 AM Flag

    Hi SE,

    Close to 90% of my position has been purchased since 4/13. As a "value investor" unless something changes dramatically I think that one has to give an investment at least 5 years. So far the biggest change has been the new CEO and I have been pleasantly surprised by the outstanding job that Manish has done,. The best example of that is we just had a quarter with licensing revenue of only $34,000 and it was profitable. Yes, the stock price has been disappointing but being this is a thinly traded low priced stock it could easily swing sharply upward in a hurry especially if the supposed "transformative" deal were to be announced. COVR is a real business with an impressive customer list (AIG, Allstate, Old Republic, etc.). At the current market cap I don't think that it would be at all possible for anyone to replicate/create such a business. If not for the large insider ownership there is no doubt in my mind that a private equity firm would have scooped this up and taken it private with the plan being to IPO it a few years down the road.

    We'll definitely know a lot more before year end as we should find out whether or not this much talked about transaction with no details takes place.


    p.s. it has been my experience that some of my all time best investments have been those that did little or nothing (sometimes negative) for the first 1-2 years that I owned them .

    Sentiment: Strong Buy

  • dickeypiper1 dickeypiper1 Nov 20, 2014 7:21 AM Flag

    My thinking is that if a KO buyout were to be done, and it is a longshot, it will be structured in a way that none of us would have ever predicted or thought of and when the details are released everyone will conclude what a genius WEB is. If a 3G management team, led by the guy who is currently running Heinz, did take over it would be interesting to see what the numbers look like in 3 years. They couldn't possibly do any worse than the current management team.

  • dickeypiper1 by dickeypiper1 Nov 19, 2014 8:53 AM Flag

    May shut that mine down as well.

  • dickeypiper1 dickeypiper1 Nov 19, 2014 7:04 AM Flag

    I believe that the only reason that WEB has not been publicly critical of KO management, which has been awful, is that a potential blockbuster transaction is on the table. The bottom line is that KO is a money making machine. The combination of KO having been an underperformer (relative to other stocks) and low interest rates sets this up to be the opportunity of a lifetime. Also Buffett is the only player that could get away with doing the acquisition using a leveraged buyout format......current earnings, cost reductions, and $ previously used to pay the dividend could easily support a large amount of debt.

  • dickeypiper1 dickeypiper1 Nov 18, 2014 10:57 PM Flag

    I've been saying for well over a year that it is a doable transaction especially if structured like the Heinz deal. Take a look at the amount of $ that KO pays out in dividends per year. It would be especially interesting to see 3G cut costs (i.e. fire the executives that are stealing equity via their compensation scam).

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