Nsomniyak Challenge:
Here are my picks. As of right now, I only own MOSH.OB. Looking hard at LNY and FFH.
LNY: Restaurant buy out for $21/share. Should close before 12/31/08. They have properties in the path of IKE. Don't know if any damage, but I bet yes. May 'muddy' up the closing. Hopefully IKE just creates a buying opportunity and that is all.
FFH: Insurance company trading at 80% of book. Cream of the crop capital allocators. Company positioned itself in Credit Default Swaps early to profit greatly from the demise of the major financial institutions. Shareholder minded and likely buying back shares. Caveat here is the shorts love this stock.
AUY: Looking for a bounce from the extreme sell-off.
PAL: Looking for a bounce from the extreme sell-off.
MOSH.OB: Nsominyak already provided a great summary. If you didn't read it yet, here are my Cliff Notes: $1.2 billion lawsuit play. Three deep pocket defendants (JPM, PXD and WPL.ax). Trial scheduled for December '08. If a settlement happens, then this should pay handsomely.
CASH
-lisg
