Tuesday, March 22, 2016

KCAP Financial: Another Busted BDC, Potential M&A Candidate

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We've seen a pretty incredible rally the last 5-6 weeks in the market, especially in junk debt and lower quality equities which basicall...
Friday, February 12, 2016

NexPoint Residential Trust: Update, Substantial Discount to NAV

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On February 22 at 5:30 pm, I'll be hosting the CFA Society Chicago's Special Situation Research Forum in the loop, the topic chosen...
17 comments:
Tuesday, February 2, 2016

Crossroads Capital: Busted BDC, Bulldog Pushes Toward Liquidation

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The tide has just about fully washed out of the business development company sector (more on the manager/fund raiser side), most BDCs are re...
10 comments:
Friday, January 22, 2016

Howard Hughes: Houston Concerns Creating an Opportunity

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Howard Hughes Corporation (HHC) is a real estate development company that was spun-off of General Growth Properties (GGP) in 2010 as part of...
12 comments:
Thursday, December 31, 2015

Year End 2015 Portfolio Review

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2015 was a good but frustrating year, most of my gains were front loaded in the first quarter and since then I've been treading water. ...
10 comments:
Monday, November 30, 2015

Hawaiian Electric: NextEra Merger, ASB Hawaii Spinoff

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Hawaii Electric Industries (HE) is the primary electric utility serving over 95% of the state's residents, interestingly they also own t...
8 comments:
Tuesday, November 17, 2015

MMA Capital: Update, Balance Sheet Revealing Itself

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Another update on a big position I haven't mentioned in 2015, quick background: MMA Capital Management (MMAC) is essentially a pile o...
24 comments: