Stephen Takacsy, B. Eng, MBA
Maxim Power
MXG-T
BUY
Aug 21, 2014
He bought it as a value play with sum of the parts worth more than it was trading at. They are trying to sell some of the parts. Thinks they will sell all the parts and distribute the cash. $4-$5 breakup value. It is taking longer than he thought to break it up.
The chairman of First Energy (FE-N) took a major position of about 38%. Have a potential coal play bnext to one of their properties. Very thin. Very speculative.
Buys power plants and operate them globally. Has a replacement value of at least $5-$6. Affected by the price of electricity in Alberta, which have been falling. Management has a significant stake in the company. Could be a takeover candidate.
A deep value play. Very small power producer in Alberta. Have assets in the US and France that are for sale. Thinks the company is going to be selling different parts of itself, which it has already started. On a breakup value, he feels this is worth $5-$6 as share. Very good value at this level.
He bought on the basis that if it was broken up it would be worth more in parts. The results of the company are extremely good, however. They did not get the prices they were expecting so are hanging on.
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He bought it as a value play with sum of the parts worth more than it was trading at. They are trying to sell some of the parts. Thinks they will sell all the parts and distribute the cash. $4-$5 breakup value. It is taking longer than he thought to break it up.