Amvona

Rate this item
(0 votes)
gorun_3On December 22nd, 2010 we published our article “SKX and the markets strange reaction to Sterne Agee”.

In summary we indicated that readers should buy shares of SKX at $16.   At the close of market Friday November 25th, 2011, the shares could be acquired for a mere $12.18 – a decline of some 23.9%.

We were wrong on how the market would price the shares.  However, we do not believe we were wrong regarding the value of the company, despite the markets pricing – so we purchased more shares for investors between $11.86 - $12.77 per share.
Rate this item
(0 votes)

arrogance_2We were going to title this article “We’re so smart”, but we thought that there was at least a small possibility that readers would fail to appreciate the depth of our humility if we did that, so we went with the second most obvious title we could think of.  Besides after SeekingAlpha’s editors picked up our article “Houston, we've got a problem - Bevilacqua” a few weeks ago and exposed it to their 50 million visitors a month by featuring it on “Market Currents”, then selecting it as an “editors pick” once we did finally submit it to on our own, we began to think that our humility may actually not be as secure as we once thought.  

Rate this item
(1 Vote)
KranzConsoleOn Oct. 18th, 2011 the Massachusetts Supreme Judicial Court handed down their decision in the FRANCIS J. BEVILACQUA, THIRD vs. PABLO RODRIGUEZ – and in a moment, essentially made foreclosure sales in the commonwealth over the last five years wholly void. However, some of the more polite headlines, undoubtedly in the interest of not causing wide spread panic simply put it "SJC puts foreclosure sales in doubt" or "Buyer Can't Sue After Bad Foreclosure Sale"

 

In essence, the ruling upheld that those who had purchased foreclosure properties that had been illegally foreclosed upon (which is virtually all foreclosure sales in the last five years), did not in fact have title to those properties.

 

Given the fact that more than two-thirds of all real estate transactions in the last five years have also been foreclosed properties, this creates a small problem.

Rate this item
(0 votes)
fallacey_image
Background: A post Ibanez world

 

In January the Massachusetts supreme judicial court held in US Bank National Association vs. Antonio Ibanez that a note holder may not foreclose on a property in order to redeem a debt, if they are not also the holder of a valid mortgage (that is to say also with a valid assignment). We outlined the details of this case and its implications in our article "Ibanez – Denying the Antecedent, Suppressing the Evidence and one big fat Red Herring" on January 11th, 2011.

Monday, 03 October 2011 |

Love of Enemies

Rate this item
(0 votes)
Cross
 
Notes - October 2nd - 2011

2nd Sunday of Luke (2 Cor. 6:1-10, Luke 6:31-36)

Love of Enemies (Parallel Matt. 5:38-48)

 

Rate this item
(0 votes)
food-inflationExactly one year ago, on September 28th, 2010 we purchased shares of Sanderson Farms for investors. Two days later we published our opinion on Amvona in our article "Can you say 'Chicken Feet' in Russian? The case of SAFM and PPC". Three days later SeekingAlpha published the article Here.
 
On Oct. 8th, 2010 when the price moved down to $39.10 per share, we more than doubled those positions.

 

We thought we would take a look back at the thesis in that article, now that the period for short term capital gains tax has passed and examine how the issues performed against one another, but also against the benchmark S & P 500 (Alpha).

Rate this item
(0 votes)
cree_bulbThe following is provided as related material the article "Update: Sanderson Farms and Pilgrim's Pride one year later". It is a copy of email correspondence (with responses inserted into the text) with a friend who had asked for "actionable advice" on a stock. The date was Oct. 21st, 2010. We hope that the correspondence reveals more of the thought that went into the purchase of shares of SAFM for readers of the article above.
Sunday, 25 September 2011 |

Four Fisherman Called

Rate this item
(0 votes)
Cross
 
Notes - Sept. 25-2011

1st Sunday of Luke (2 Cor. 4:6-15, Luke 5:1-11)

Four Fisherman Called (Matt. 4:18-22; Mark 1:16-20)

Rate this item
(0 votes)
Cross
 
Notes - Sept. 18-2011

Sunday after Holy Cross (Gal. 2:16-20, Mk. 8:34-38; 9:1)

Jesus' explains the meaning of the cross in the life of the believer

Sunday, 11 September 2011 |

God’s Gift to the World

Rate this item
(0 votes)
Cross
 
Notes - Sept. 11-2011

Sunday before Holy Cross (Gal. 6:11-18, Jn. 3:13-17)

God's Gift to the World

Sunday, 04 September 2011 |

Moses the Prophet & Godseer

Rate this item
(0 votes)
 
Cross
 
Notes - Sept. 4-2011

12th Sunday of Matt. (1 Cor. 15:1-11, Matt. 19:16-26)

Moses the Prophet & Godseer

Rate this item
(0 votes)
Cross
 
Notes - Aug. 28-2011

11th Sunday of Matt. (1 Cor. 9:2-12, Matt. 18:23-35)

St. Paul's Second Letter to the Corinthians 3:4-11

Rate this item
(0 votes)

ssd-hard-driveIn the spirit of updating past articles as we did on August 10th, 2011 we thought we would do another update, albeit this time only for a bit of levity.

 

On January 28th, 2010 we published one of our first articles. We're pretty sure we may have been one of the few, if not the only bloggers in the world (on that day) to pose the curious question “Would the Pope buy an iPad?”.  At the time Amvona had not yet become a dedicated blog (it was still a commerce site with a blog as an afterthought) and the categories were not yet focused on the topics they are today.

Wednesday, 24 August 2011 |

The Life Giving Spirit

Rate this item
(0 votes)
Cross
 
Notes - Aug. 24-2011

11th Wed. after Pentecost (2 Cor. 3:4-11, Matt. 23:29-39)

The Life Giving Spirit

 

Sunday, 21 August 2011 |

The Disciples Lack Faith

Rate this item
(0 votes)
Cross
 
Notes - Aug. 21-2011

10th Sunday of Matt. (Matt. 17:14-23)

The Disciples Lack Faith

(Parallels Mk. 9:14-29; Lk 9:37-42)

© 2016 Amvona. All rights reserved. visit www.lemelsoncapital.com

Top Desktop version