Wednesday, June 27, 2018

Becoming A Venture Capitalist Through Overstock


Summary

Blockchain is an interesting technology that may end up disrupting many industries.
Overstock owns Medici, a venture capital fund focused on blockchain technology.
Most of the value is linked to the success of tZero, however, there is value in the other 12 startups.
Using a probabilistic approach, Medici is worth $48/sh. implying a value of $82/sh. for Overstock shares.

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Wednesday, June 6, 2018

Sypris Keeps Delivering

Summary

Industry-wide shortage of Multi-Layer Ceramic Capacitors (MLCC) stagnated the revenues of the Electronics segment.
Margin improvement. Management continue to deliver on their promises.
Save for the MLCC shortage, positive momentum is supportive of all three industries.
Under conservative assumptions, the intrinsic value of Sypris Solutions Inc. shares is $2.50 (55% upside).
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Overstock Wrongly Trading As A Cryptocurrency

Summary A new reference point values tZero at $32 per share, a 15% premium over OSTK shares. In addition, you would receive the reta...