Poker Investing?

Posted on May 31, 2006
Filed Under Investment Reflections | Leave a Comment

Seymour Schulich is one of Canada’s most successful investors.  He is most famous for selling his company, Franco-Nevada, to Newmont Mining for $5 billion. Recently he has been in the news with the sale of his largest oil investment, BlackRock Ventures (BVI.TO), to Shell Canada for $2.5 billion. So how did Mr. Schulich pull all […]

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Baruch on Investing

Posted on May 29, 2006
Filed Under Investment Reflections | 1 Comment

During this holiday weekend, I decided to pick up Bernard Baruch’s autobiography, "My Own Story". In general, very few investment books have ever really helped me make money, and I’ve probably learned more about investing by reading books on evolutionary theory and philosophy. However, Baruch’s book was actually an enjoyable read because it provided alot […]

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Pacific Internet Saga Continues

Posted on May 26, 2006
Filed Under PCNTF | Leave a Comment

Today Pacific Internet’s (PCNTF) board and management finally released the recommendation of the Independent Directors of PCNTF and the opinion from KPMG Corporate Finance to the Independent Directors, as regards to MediaRing’s offer to purchase Pacific Internet’s shares at $8.25.
If you are a shareholder of Pacific Internet, I encourage you to read the full […]

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New Stock Pick: SupportSoft (SPRT)

Posted on May 24, 2006
Filed Under SPRT | 2 Comments

Technology turnarounds, particularly in the software sector, can sometimes make for profitable investments. The reason is that assuming the "broken" company has a strong balance sheet and a decent product portfolio, with time, a good management team can reignite high-margin license sales yielding substantial and sustainable free cash-flow growth for quite a few years. At […]

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ActivIdentity Turnaround in the Early Stages

Posted on May 9, 2006
Filed Under ACTI | 2 Comments

Yesterday, ActivIdentity (ACTI) released earnings results for the March Quarter. As expected the company burned thru more of its cash hoard, but on a more positive note signaled that the cash losses would begin to decline steadily with cash breakeven expected later this year. In addition, the company is guiding towards modest revenue growth […]

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Internap Insights

Posted on May 9, 2006
Filed Under INAP | Leave a Comment

Recently I received the following excellent comment from a subscriber concerning Internap (IIP):
"On the question of high costs, have you factored in the possibility that the new FCP 10 gig boxes could really take off in terms of sales? Internap has the best route control product on the market and very little real competition at […]

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Internap: Where to Now?

Posted on May 5, 2006
Filed Under INAP | 2 Comments

Last night Internap (IIP) delivered financial results that confirmed the strong turnaround at the company. From my perspective the most important part of the financial release was the increased revenue growth guidance for 2006, since the meager revenue growth projected last quarter was a factor in limiting the upside valuation for the company.

Overall, based […]

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Web.com Continues to Make Progress

Posted on May 4, 2006
Filed Under WWWW | Leave a Comment

Today, Web.com announced results for their first quarter which were pretty much in line with my expectations. As is the case now with the vast majority of public companies, the financial numbers are completely confusing, due to charges related to stock options. The company claims to have had positive income after adjusting for stock option […]

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