Western Digital Corp. appears closer to spinning off its flash business after disclosing new details about financing and its strategic review. Earlier this week, the firm detailed a $900 million sale of convertible preferred stock to investors including Apollo Global Management Inc. and Elliott Investment Management. The disclosure provides investors greater insight into a potential transaction after Bloomberg reported that the spun-off unit may merge with Kioxia Holdings Corp. to create a.
News & Press
Investment Research – It’s Never Been About the Cost
Oct 6, 2017
It’s ok to shop around for the best deals. We do it every day. Fortunately, the rise of online price matching systems and places like Amazon has made it relatively quick and easy to get a good price.
It’s an Automation Bubble, Not a Stock Market One
Sep 22, 2017
We started the investing year with the perception being rammed down our throats that robots were about to take us over. Value Investing was going to be a thing of the past. The industry was being conned into thinking that AI would exceed human performance. We (#notme) rushed for the ETF and quant BUY model button to invest in strategies that didn’t rely on humans. ETFs particularly saw heavy inflows and every post on LinkedIn was about how good AI was.
Why You Should Be Looking to Asia for an Edge
Sep 8, 2017
Feel like you know 5-10 stocks that that you have a good idea on? Feel comfortable? Great. Have those stocks that you claim to know all about been performing for you, or have you been noticing your “edge” being eaten into? If the answer is yes, then maybe you should consider branching out – specifically in the Asian region. One South Korean three-way split we covered returned +40% on each leg for our client partners.
Why Insiders Selling Their Stock Doesn’t Matter
Aug 25, 2017
I was asked this week by a client if I had any view on a CEO selling shares of his own stock. “No, I didn’t,” quite frankly, and I went on to explain why I don’t care for sales by company insiders. You shouldn’t either, and here’s why.
The Bubble Starts HERE
Aug 11, 2017
The original iconic film Wall Street (1987). It was made right in the middle of a booming economy, low interest rates, big money deals and the coined phrase “Greed is Good.” Gekko went on to make the point that greed “captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind.” He then compared the United States to a “malfunctioning corporation” that greed could still save. Woah! I’m not sure.
ESS: Apple, Inc. & The Walt Disney Company
Aug 10, 2017
(NYSE: AAPL) ($835bn) & (NYSE: DIS) ($157bn) An AAPL Takeover of DIS – Possibility or Just Speculation? / The Tech Giant Requires a New Source of Revenue Growth / The House of Mouse Needs to Strengthen Its Distribution Channels / “Content Assets” the New Mantra in the Media/Tech/Telecom Space / The Edge Examines What a Combination Gains for AAPL and DIS
Why You Should Be Looking at Privatizations and Demutualizations
Jul 28, 2017
I’m English and grew up in the 1970s and ‘80s in London. It wasn’t a particularly fruitful time for anyone, including me, our family and the general economy. Unions had control of the workforce, and throughout the ‘70s the unions were in a battle with the Government. A new leader was brought in. She was anti-union and her focus was on giving the power back to the people. Her name was Margaret Thatcher. Whether you loved her or hated her, she changed Britain in so many ways.
Dumb Beta – Real Returns?
Jul 14, 2017
The polarization and distinction between Passive and Active management seems to be narrowing. The Active guys realize that they must look at some sort of tech, and the Passive guys realize that life is more than just numbers. Smart Beta is that halfway house, but isn’t that a hybrid sort of value investing? Smart Beta funds have recorded huge growth and are on course to hit $1tn in assets by the end of 2017.
Who is the Greatest Investor?
Jun 30, 2017
Really, I’ve lost count of the number of people I’ve spoken to throughout the years that don’t know who the man on the right is. Do you? Frank Sinatra? Burt Lancaster? Bernie Ecclestone, maybe? None of them, I’m afraid. Ok, here is another try. Have you ever heard of companies such as Expedia (EXPE), Lending Tree (TREE), Lionsgate (LGF) or QVC (QVCA), the home shopping network? Good! Well, the man on the right has interests in all of them. His name is John C. Malone (76) and one of the few.