Small Initial Buy of Newly Public Company

by Travis Johnson, Stock Gumshoe | August 15, 2013 11:22 am


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Brief update on a personal stock purchase

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daleto
8 years ago

Great minds think alike. I also got in on this IPO @ $12.30 and have a purchase order for more if it ever dips to $12. Are there any other IPO’s you are examining at the time?

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canonfodder
canonfodder
8 years ago

David Townsend, you show distinct faith by your order for more if it dips. I got in later on today as I didn’t read my email promptly this AM. It had gone up but I took a few shares at $13.25. I’ll just watch this closely for awhile.

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Kumar
Kumar
8 years ago

From IPODesktop on SeekingAlpha:
http://seekingalpha.com/article/1636512-ipo-preview-third-point-reinsurance
QUOTE:
Conclusion:
Neutral to negative because more than all the profits for the 6 months ended June 30, 2013, came from “investments,” which are managed by a relatively large hedge fund on an outsourced basis.
One of the hedge fund’s officers is also a shareholder in TPRE, which begs the question of whether those outsized investment profits were “manufactured” to help the IPO.

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advantedges
advantedges
8 years ago

Interesting. I missed where you speak about any dividend or payment to investors. Is this a Warren Buffett model, where earnings are reinvested into the entity?

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