Category Archives: Stock Updates

Exiting Talbots (TLB) on Rumors of Potential Bids

I reported on Talbots (TLB) on December 9th as an interesting special situation. Sycamore Partners had put in an unsolicited offer to buy the company for $3.00 a share while the stock remained in the $2.60-2.70 range. Talbots stock spiked today from an open at $2.69 to the $3.10-3.20 range on a CNBC report that Golden Gate Capital and TPG were mulling bids for the company.

Christopher & Banks Q1 Results – Signs of Hope

Christopher & Banks (CBK), which I profiled here,  reported first quarter earnings yesterday. They had guided for a terrible quarter, and produced a less than terrible quarter. That is a positive sign for a company and stock this depressed, and the market reaction today seems to agree.

Global Ship Lease (GSL) – No Dividend Spells More Upside

Global Ship Lease (GSL) is a container ship leasing company whose stock has had quite a run in the last year and a half. But I think the GSL story is not over and there is still some nice upside potential.

GSL was formed to buy 17 ships from parent company CMA CGM, the third largest container shipping company in the world, and then charter them back to CMA. GSL went public through a SPAC acquisition in August of 2008 and are currently leasing the 17 ships to CMA under long term charters with an average remaining life of 8 years.