Months ago I asserted that it was possible that I was losing money in RAIL because insiders were selling their positions. Recently, Pirate Captial LLC. has admitted to liquidating their position in RAIL without disclosing their liquidation in a timely manner. See the related article here.
I've not taken the time to read Pirate's amended filings, but I wouldn't be surprised if I was on the opposite end of Pirate's first attempts to slowly move out of their substantial position in Freightcar America Inc.
Pirate Capital, known for it activist style investing, has recently closed the door to new investors and had several analyst leave. This might also affect MFI company PWEI which if I remember correctly was a potential target if the Pirate.
I'll update on my quarterly performance tomorrow.
-Nick
2 comments:
Nick, where is that quarterly performance?
I think there was a glitch with Blogger but the resulst are posted now!
Post a Comment