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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: rllee who wrote (51996)	8/5/2013 12:46:09 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78644

Re TPCA - if the stock is cheap, I don't worry about catalysts. I simply assume that it's going to take care of itself. When good things happen to cheap stocks. In the case of TPCA, I see many pot. catalysts: Icahn buying more shares or doing some restructuring, a new casino in Aruba, stopping and reversing the decline in Atlantic city, Online gambling license, doing something with TPCA's cash, tax refunds from the bankruptcy. I don't know what is going to happen, but I expect that more good things than bad are likely. Icahn values this enterprise at book in IEP,which is ~25$/share, so I suppose at 14.6$, I am getting a nice bargain. There is very little interest and research coverage in this stock, because the volumes are so low that institutional investors can't do anything with this stock. In my opinion, that is a plus.