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Tuesday, January 11, 2011


Someone made an unsolicited, non-binding indication of interest to buy NICK.  So they retained Hyde Park Capital Advisors, LLC to figure out their options.  Sell all? sell part? buy someone? etc. etc.  [are these other options just blowing smoke?]
Our investment banking firm typically works with companies on sellside and buyside engagements in transactions that range in size from $10 million to $500 million or more. Our private placements range in size from a minimum of $10 million to over $100 million.
Here's a list of their recent transactions

So NICK stock went up 18% today in response to the news.  Closed at $11.93.  I still think they're worth at least $18, probably more.  I'd happily dump it at $18.  I probably wouldn't be all that happy if they sold the business for less than $15.

Thursday, January 06, 2011


CPI jumps are not inflation, they are a reaction to inflation.

I wanted to capture a link to this so I wouldn't forget it.  I've been arguing for a long time that essentially all the world's currencies are being inflated.

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