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

To: Paul Senior who wrote (71084)	9/2/2022 6:20:06 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78748

I like POAHY from you list best. I would probably do wider HBI as well, but that company has underperformed for a long time. Perhaps, the new CEO does make a difference - he spends more on marketing and growth investments. So far he failed to make a difference though , but it can take time. I bought some Exor yesterday [Agnelli family Holdco ) . Trades at a deep discount to NAV and a lot of it is cash after they sold their is insurance business. I also started and added (depending on account) a bit of COF. Very cheap financial with exposure to credit cards and auto lending , both sensitive to economy. I like it better than Ally (which is way more focused on Auto lendin) because they can better shift Capital allocation. Both COF and Ally are cannibals buying back a lot of their stock, which I really like.

To: Paul Senior who wrote (71084)	9/2/2022 12:55:27 PM
From: E_K_S	Read Replies (1) \| Respond to of 78748

Re: TEN and $20/share Buy Out to close Q4 I see that TEN stopped paying their quarterly dividend 3/2019 so no div while you wait. FWIW added 25% to my TEN today w/ a buy at $18.70 A better takeover waiting to close that pays a div while you wait is SJI. Stock went xdiv yesterday for $0.31 and there is a buy out at $36/share. That is an implied 5.8% return but add back in the 3.6% div you get a 9.4% implied return. I continue to hold my SJI shares. Another Buy Out I own is BRG but it is selling above the Buy out offer of $24.25/share but that was only for a portion of the company's assets: I sold 50% of my shares as they continue to pay the dividend and there will be some spin off remaining assets. Bluerock Residential Growth Shares Jump on Blackstone Buyout Offer So every deal is different... buyer beware!

To: Paul Senior who wrote (71084)	9/7/2022 7:33:04 PM
From: E_K_S	Read Replies (1) \| Respond to of 78748

Re: Pegasus Merger Co. Announces Extension of Tender Offers (extended to 10/7/2022) Re: TEN acquisition Tenneco to Be Acquired by Apollo Funds The purchase price of $20.00 per share represents a 100.4% premium over the Company's closing share price of $9.98 on February 22, 2022 and a 71.6% premium over the Company's unaffected 90-day VWAP. Upon completion of the transaction, Tenneco's shares will no longer trade on the New York Stock Exchange, and Tenneco will become a private company. ----------------------------------------------------------- The obligation of Tenneco to redeem the Notes and pay the applicable redemption price to the holders of the Notes on the Redemption Date is conditioned on (i) the completion of the acquisition of Tenneco by Pegasus Holdings III, LLC ("Holdings") pursuant to the terms of the Agreement and Plan of Merger, dated February 22, 2022, FWIW, I hold TEN and have been buying more shares in anticipation of receiving the $20/share buy out price. Tenneco Automotive (TEN) 18.46 +0.05 (+0.27%) There is still a nice premium of 8.3% to be had. I am expecting this to be completed before the end of the year but looks like 10/7/2022 (unless extended). ----------------------------------------------------------------------------------- This released today: Tenneco Announces Conditional Redemption For 5?% Senior Notes Due 2024 And 5.0% Senior Notes Due 2026 SKOKIE, Ill., Sept. 7, 2022 /PRNewswire/ -- Tenneco Inc. ( NYSE: TEN) ("Tenneco") today announced that it has given notice of its intention to redeem all of its outstanding 5?% Senior Notes due 2024 (the "2024 Notes") and all of its outstanding 5.0% Senior Notes due 2026 (the "2026 Notes" and, together with the 2024 Notes, the "Notes") on October 7, 2022 (such date, as it may be extended as described below, the "Redemption Date"), subject to the satisfaction of certain conditions.