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Tessera Technologies Inc. Message Board

foreverwhiteroses 12 posts  |  Last Activity: Jul 30, 2015 8:34 PM Member since: Jul 16, 2004
  • foreverwhiteroses by foreverwhiteroses Jul 30, 2015 8:34 PM Flag

    Does anybody have any theories as to the reasons for sudden large swings in SPE's NAV this week? According to cefconnect, NAV jumped dramatically either two or 3 days ago and then today it dropped 92 cents to 17.07 which was more than the dramatic uptick. Historically, both the variances in NAV this week were unusual. Anybody have any theories? I haven't tried calling to ask, but getting any info from them always seems to be an exercise in futility imho.

  • Reply to

    What's Wrong With This Fund?

    by foreverwhiteroses Jun 24, 2015 4:35 PM
    foreverwhiteroses foreverwhiteroses Jul 27, 2015 12:37 PM Flag

    I certainly plan to be listening in to the Quarterly CC on the 29th....I'm not so sure the divvy cut is as meaningful as the Asia problems in general, but I do wonder whether or not the cut is reflective of a non-performing portfolio company....

  • Reply to

    Down 19%

    by curt01 Jul 23, 2015 3:38 PM
    foreverwhiteroses foreverwhiteroses Jul 23, 2015 5:28 PM Flag

    How can a single fraudulent event of such minor size cause such a huge drop? I'm only in the CUBI preferred, but were I an equity player, this huge selloff sure seems to spell opportunity to me, but then again, maybe that's why I'm only in the preferred.........

  • Reply to

    gill

    by odarev Jul 14, 2015 10:14 AM
    foreverwhiteroses foreverwhiteroses Jul 14, 2015 2:01 PM Flag

    What? A plain old lawyer representing an insider vs. our leader with his Harvard Law degree? Harvard = riches all the time doesn't it? Maybe G's smart enough to not represent himself......

  • Reply to

    What's Wrong With This Fund?

    by foreverwhiteroses Jun 24, 2015 4:35 PM
    foreverwhiteroses foreverwhiteroses Jun 27, 2015 10:06 AM Flag

    I do agree but always have a tendency to second guess myself. I bought my starter position right at the beginning of the decoupling of share price to NAV price, so I'm not happy about that, but as said, it was a starter amount...... I've yet to add, but in my mind, this is much closer to a buy than a sell because of its recent performance. It's trading at 11.27% discount to NAV right now which is an historical high according to CEFConnect and that's with a continued stability to NAV. I'd love to have a better handle on whether or not any of their portfolio companies is actually experiencing serious economic stress...I also realize high yield bond market has been compressed relative to normal, but still, the size of the change for BGH seems larger than the rest of the market, especially with the low duration aspect of the fund. I'm much closer to adding on than getting out.

  • foreverwhiteroses by foreverwhiteroses Jun 24, 2015 4:35 PM Flag

    Why is this closed end trading at historical discount to NAV? with a 10% yield now, all from income, you would think there's a bottom and yet it continues to drop..... I got in because the short duration aspect of the fund, but even that hasn't seemed to help.... Does anyone know if there's any specific problems with any of the issuers in their portfolio? I see where 20% is oil and gas - is that what's bringing them down? very frustrating.....

  • Reply to

    OXLCO Add-On Offering

    by foreverwhiteroses Jun 18, 2015 2:39 PM
    foreverwhiteroses foreverwhiteroses Jun 18, 2015 3:38 PM Flag

    3:32PM Issue priced at 24.50 for 1,224,490 shares raising 30 mil... Underwriters 30 day option on 184k addiitonal

  • Reply to

    a years worth of dividends gone in days !

    by a2e2b Jun 9, 2015 2:44 PM
    foreverwhiteroses foreverwhiteroses Jun 18, 2015 2:55 PM Flag

    It's interesting that FAX is trading at over a 14% discount to NAV, a level of discount not seen since the '08-'09 crisis and NAV has been essentially stable since June 4. Of course, in the crisis time, discount to NAV did exceed 20% for brief periods of time, so anything's possible but right now it's trading at a discount to NAV that's not been seen in 5 years.... Is the result of an expectation of increasing interest rates or something else?

  • foreverwhiteroses by foreverwhiteroses Jun 18, 2015 2:39 PM Flag

    How is an investor supposed to evaluate the impact or attractiveness of this announced add-on issuance to this series when there's apparently no information yet provided as to size of the issue or price? Right now OXLCO is at 24.13, down 4.6% but without knowing the price of the add-on or the size, are you just supposed to guess whether it's an opportunity or a precursor?

  • foreverwhiteroses foreverwhiteroses Jun 4, 2015 8:15 PM Flag

    More importantly, what's with the volume? That's more significant to me than a single mkt trade.........

  • Reply to

    I don't know who owns shares here

    by creedster_99 Jun 4, 2015 12:00 PM
    foreverwhiteroses foreverwhiteroses Jun 4, 2015 5:45 PM Flag

    U gonna be the next owner of Villa Collina?

  • foreverwhiteroses foreverwhiteroses May 25, 2015 9:33 PM Flag

    So tell me, Kevin, are you a fan of Jason Hart's or not???? It's hard to tell from your 1500 never changing posts...

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