Archive - Jan 18, 2009

We like Southwest - cheap tickets, drunk passengers on the Vegas flights, hot passengers on others, sweet equity ticker... Yet something is fishy in the city of Dallas...

James Ossie of Alpharetta, Georgia's CRE Capital is the latest Madoff wannabe. Yawn, just $25 million. Nothing to see here. The guy isn't even on the run. Allegedly the company was marketed as "distinctive, high-end private investment company offering a progressive and low-risk, high-yield opportunities (sic) to investors."

On January 18 hedgebay.com announced the following $10 million blocks for sale:
- SAC Multi Strategy
- Montpellier Resources
- ZLP Offshore

Additionally, an investor with some foresight is bailing out of $6.65 million in Millennium. Another major selling block recently has been a $20 million piece of Elliott International that a seller has been dangling for a while.

As our contango idea from a few days ago has caught some media attention we wanted to make some elaborations. The premise for that post was to show that based on 10 minutes of google searching and some DIY supplies, one can exploit the contango. If one is industrious enough, one could probably circumvent or cover the transportation, insurance and labor costs and still be at a profit. For industrial-grade profits however, Stamford, CT may not be the best location.

The market is crashing, the S&P will hit 500 soon, Sotheby's stock is plummeting: is there any way to invest in artistic assets in this environment? Our recommendation - get on the prebuy list for Geoffrey Raymond.

The market is crashing, the S&P will hit 500 soon, Sotheby's stock is plummeting: is there any way to invest in artistic assets in this environment? Our recommendation - get on the prebuy list for Geoffrey Raymond.