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Wednesday, November 20, 2013

Eminence Capital Presentation - Why We Like Men's Warehouse

http://www.gurufocus.com/news/235578/eminence-capital-presentation--why-we-like-mens-warehouse/affid/81000

How Warren Buffett Blew It On Exxon Mobil

How has XOM done since Buffett sold it?
Since 1985, Exxon has had several two-for-one splits: Sept., 15, 1987; again a decade later on April 14, 1997; and most recently on July 19, 2001. Hence, that original purchase would now consist of 31,165,680 shares. That assumes dividends were not reinvested. If they were, it would be a considerably higher amount. (Hmmm, what is that Bloomberg function to calculate dividend reinvestment?)
Regardless, not counting dividends, that original ~$173 million dollar purchase would be worth about $3 billion today. That’s a back of the envelope return of 1,946 percent. And while a 44 percent return is good, a 1,946 percent is better.

Friday, November 8, 2013

Talisman Montney Assets

Excluding the value of production and development funding from Sasol, the per-acre price is around C$5,700, about 80 percent below what was paid by Sasol, Michael Dunn, an analyst at FirstEnergy Capital Corp. in Calgary, said in a note today. Talisman shares may pare gains as investors reassess the deal’s metrics, he said.
The assets being sold produced the equivalent of about 11,000 barrels of oil a day as of Oct. 1, with output expected to increase in the fourth quarter, Progress Energy said in a separate statement. The deal is expected to close in the first quarter pending regulatory approvals, including a review under Canada’s foreign-takeover law.

Tuesday, November 5, 2013

Yes I Actually Have Smoked Crack Now Says Toronto Mayor Ford

He hasn't been lying all this time.  People just hadn't asked him the right questions!

It must be a lot of fun for him to live in a constant state of lies and stress.

http://www.theglobeandmail.com/news/toronto/rob-ford-councillors/article15263319/?click=tglobe