VITV Podcast: Recent Episodes
valueinvestor.org, LLC
Alibaba is a huge company with many different businesses, and in this video, we're going to talk about the company's risks, valuation, and criticisms. Alibaba is a great investment opportunity, but some risks should be considered before investing. We'll talk about all of that in this video.
Episode Outline
00:00 Introduction
00:46 The Thriving Busines of Alibaba
01:19 Risks Associated with Alibaba
01:59 China's Economy is controlled by Chinese Government
03:15 China putting some limitations on Alibaba's Growth
05:28 The Delisting of Alibaba on United States' Stock Exchange
07:05 The Two Risks of the Alibaba
08:35 The Disappearance of Jack Ma
09:37 The Valuation of Alibaba
14:17 The Pushing down of the price of Alibaba
16:06 The Broad Criticism against Chinese Companies
17:22 Conclusion
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Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Wikipedia
0:00 - Intro
1:30 - Morgan Stanley Micron Report
10:30 - Inventory in the market & spot price of PC DRAM
24:15 - PC DRAM spot price prediction
28:45 - PC DRAM corporate market & Window 11 update
33:00 - Long-term prospects for the spot price
37:50 - PC DRAM vs Other DRAMs & Non-Fungibility of DRAMs
43:10 - Price prediction prior to COVID
Sunil Shah Seeking Alpha: https://seekingalpha.com/author/sunil-shah
Sunil Shah Email: shah@icon.co.za
Email: info@valueinvestor.org
Twitter: @vitvpodcast
Instagram: @vitvpodcast
Facebook: /vitvpodcast
Database: www.valueinvestor.org
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Wikipedia
0:00 - Sunil
5:04 - Investing is storytelling
6:17 - Micron high level
9:50 - Cyclical nature of semiconductor industry
24:20 - Recent drop in share price
Sunil Shah Seeking Alpha: https://seekingalpha.com/author/sunil-shah
Sunil Shah Email: shah@icon.co.za
Email: info@valueinvestor.org
Twitter: @vitvpodcast
Instagram: @vitvpodcast
Facebook: /vitvpodcast
Database: www.valueinvestor.org
The Michaels Companies, Inc. is an American company that is one of North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators. The company was founded by Michael J. Dupey in Dallas, Texas. The Michaels Companies' corporate headquarters are located in Irving, Texas. [Wiki]
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The Michaels Companies, Inc. is an American company that is one of North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators. The company was founded by Michael J. Dupey in Dallas, Texas. The Michaels Companies' corporate headquarters are located in Irving, Texas. [Wiki]
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Lennar Corporation is a home construction and real estate company based in Fontainebleau, Florida, with a Miami postal address. In 2017, the company was the largest home construction company in the United States after its purchase of CalAtlantic Homes. The company is ranked 154th on the Fortune 500 as of 2019. Wikipedia
Alex Mason is the host of Stock Stories Podcast (https://podcasts.apple.com/us/podcast...) where he shines light into the "stories" behind companies. It is an excellent podcast. I highly recommend you giving it a listen.Â
How does their top line and bottom line look? - 0:00
Debt load and overall balance sheet health - 16:37
Return on capital - 21:05
Excess cash management (ie. dividend, buyback) - 28:50
Management incentives - 38:30
Valuation - 43:30
Conclusion - 53:05
Email: info@valueinvestor.org
Twitter: @vitvpodcast
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Database: www.valueinvestor.org
Lennar Corporation is a home construction and real estate company based in Fontainebleau, Florida, with a Miami postal address. In 2017, the company was the largest home construction company in the United States after its purchase of CalAtlantic Homes. The company is ranked 154th on the Fortune 500 as of 2019. Wikipedia
Alex Mason is the host of Stock Stories Podcast (https://podcasts.apple.com/us/podcast/stock-stories-case-studies-mental-models-for-individual/id1358108851) where he shines light into the "stories" behind companies. It is an excellent podcast. I highly recommend you giving it a listen.Â
What does Lennar do? How did it start? - 0:00
What is its strategic edge? - 8:40
Margin optimization - 13:58
Lennar's main competitive advantage - 21:26
Home building industry macro trends & Lennar's long-term prospects - 31:20
Next episode - 40:03
Email: info@valueinvestor.org
Twitter: @vitvpodcast
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Database: www.valueinvestor.org
Alex Mason is the host of Stock Stories Podcast (https://podcasts.apple.com/us/podcast/stock-stories-case-studies-mental-models-for-individual/id1358108851) where he shines light into the "stories" behind companies. It is an excellent podcast. I highly recommend you giving it a listen.Â
Intro - 0:00
How did VITV Podcast begin? - 2:17
VITV investment philosophy and process - 6:06
What is the focus of Stock Stories Podcast? - 8:06
Importance of diving into stories behind companies - 11:30
What is our full time job? What do we do outside of podcasting? - 18:34
Lessons learned / insights from running our podcasts - 24:30
Our very first stock pick - 30:00
Who do you look up to the most? - 32:40
Closing - 38:40
Email: info@valueinvestor.org
Twitter: @vitvpodcast
Instagram: @vitvpodcast
Facebook: /vitvpodcast
Database: www.valueinvestor.org
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Wikipedia
Intro - 0:00
Micron’s Chinese Competitors - 1:06
Is Micron Underpriced? - 15:44
Is it fair to compare Micron with Nvidia? - 22:23
Conclusion - 31:24
Sunil Shah Seeking Alpha: https://seekingalpha.com/author/sunil-shah
Sunil Shah Email: shah@icon.co.za
Email: info@valueinvestor.org
Twitter: @vitvpodcast
Instagram: @vitvpodcast
Facebook: /vitvpodcast
Database: www.valueinvestor.org
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Wikipedia
Intro - 0:00
Who is Sunil - 1:19
20 Years of Semiconductor Industry - 5:46
Micron’s Inventory Management and Cloud Boom - 12:56
Diversification of Revenue Stream - 21:50
Closing - 29:18
Sunil Shah Seeking Alpha: https://seekingalpha.com/author/sunil-shah
Sunil Shah Email: shah@icon.co.za
Email: info@valueinvestor.org
Twitter: @vitvpodcast
Instagram: @vitvpodcast
Facebook: /vitvpodcast
Database: www.valueinvestor.org
Crypto assets lead by bitcoin are a major theme at the moment. The frenzy around GameStop was also a big news. Let's explore further.
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The Hall of Fame Resort and Entertainment Company (HOFV) is a leading sports, entertainment, and media enterprise headquartered in Canton, Ohio. Established in 2020, the publicly traded Company is the result of a merger between HOF Village, LLC., a partnership between the Pro Football Hall of Fame and Industrial Realty Group (IRG) which began in 2016 and Gordon Pointe (GPAQ) Acquisition Corp. Under the leadership of seasoned executive, Michael Crawford, the combined entity is poised to capitalize on its unique partnership with the most dominant professional sports brand in the country. This platform allows for the continued development of an integrated destination resort in Ohio named the Hall of Fame Village powered by Johnson Controls as well as other entertainment and media verticals for some of the most powerful and storied brands in the world.
What does the company do? - 0:00
Three-phase strategy across three business vertices - 2:50
What is HOFV competitive advantage? - 11:00
Growth drivers in '21/2 - 13:50
HOFV NFT strategy - 18:13
Debt principal due and share dilution - 21:16
Summary and contact information - 27:05
Jason Krom
Linkedin: https://www.linkedin.com/in/jason-krom-7b33102
Twitter: https://twitter.com/jkrom814
HOFV
https://www.hofreco.com/
Email: info@valueinvestor.org
Twitter: @vitvpodcast
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Database: https://www.valueinvestor.org
The Hall of Fame Resort and Entertainment Company (HOFV) is a leading sports, entertainment, and media enterprise headquartered in Canton, Ohio. Established in 2020, the publicly traded Company is the result of a merger between HOF Village, LLC., a partnership between the Pro Football Hall of Fame and Industrial Realty Group (IRG) which began in 2016 and Gordon Pointe (GPAQ) Acquisition Corp. Under the leadership of seasoned executive, Michael Crawford, the combined entity is poised to capitalize on its unique partnership with the most dominant professional sports brand in the country. This platform allows for the continued development of an integrated destination resort in Ohio named the Hall of Fame Village powered by Johnson Controls as well as other entertainment and media verticals for some of the most powerful and storied brands in the world.
Intro - 0:00
What does $HOFV do? Who is Jason Krom? - 1:06
Career trajectory - 2:08
Day in the life of - 6:19
Impact of COVID - 7:55
Day in the life of... (part 2) - 9:12
Impact of COVID... (part 2) - 12:01
SPAC'ing - 15:26
Who does Jason look up to the most? - 18:05
Get in touch and learn more about $HOFV - 21:20
Jason Krom
Linkedin: https://www.linkedin.com/in/jason-krom-7b33102
Twitter: https://twitter.com/jkrom814
HOFV
https://www.hofreco.com/
Email: info@valueinvestor.org
Twitter: @valueinvestortv
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Facebook: /valueinvestortv
Database: www.valueinvestor.org
The printing pressing is running hot. Central banks and governments all around the world are stimulating the economy with fiscal and monetary policies. What does this all mean, in terms of inflation risk? Is the market overheated? Are we going to overshoot the 2% inflation target? Let's discuss.
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New round of stimulus checks.
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Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. He has been working as a financial professional for two decades. His experience includes working with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial.
Prior to forming Peterson Capital Management, Matthew split time between Wall Street and London as Capital Markets Manager at Diamond Management and Technology Consultants with expertise spanning risk management and derivative processing.
In 2010, Matthew left Wall Street, moved to Los Angeles, and launched Peterson Capital Management and the long term value fund, Peterson Investment Fund I, LP. This year Matthew and his family relocated to Austin, Texas.
Matthew holds a Chartered Financial Analyst (CFA) designation. He earned his Bachelor of Science in economics and minor in mathematics from the University of Puget Sound. Matthew has lived and worked in China, England, and the United States.
Intro - 0:00
Bull Market Is Just Beginning - 1:45
Recap of Matt's Investment Strategy - 11:20
Daily Journal Investment Thesis - 14:50
Why Has It Not Been Discovered? Risks in Daily Journal - 31:40
Barrier to Entry, Similarities to Healthcare Tech Business - 36:57
Get in Touch with Matthew - 40:41
Peterson Capital Management: https://www.petersonfunds.com/about-us/
Twitter: https://twitter.com/MattPetersonCFA
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. He has been working as a financial professional for two decades. His experience includes working with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial.
Prior to forming Peterson Capital Management, Matthew split time between Wall Street and London as Capital Markets Manager at Diamond Management and Technology Consultants with expertise spanning risk management and derivative processing.
In 2010, Matthew left Wall Street, moved to Los Angeles, and launched Peterson Capital Management and the long term value fund, Peterson Investment Fund I, LP. This year Matthew and his family relocated to Austin, Texas.
Matthew holds a Chartered Financial Analyst (CFA) designation. He earned his Bachelor of Science in economics and minor in mathematics from the University of Puget Sound. Matthew has lived and worked in China, England, and the United States.
Intro - 0:00
Utilizing 13F to Narrow Down Investable Universe - 3:00
Deep Fundamental Analysis - 10:25
Using Puts and Calls to Enter Positions - 12:30
Understanding Capital Allocation Strategy - 16:30
Summary of Matt's Investment Strategy - 18:10
More on Using Options to Enter Positions - 20:40
Is Value Investing Relic of the Past? - 27:04
Get in Touch with Matthew - 31:07
Peterson Capital Management: https://www.petersonfunds.com/about-us/
Twitter: https://twitter.com/MattPetersonCFA
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
The art of copying.. This is a company owned by the greats: Warren, Guy Spier, Mohnish Pabrai, and Phil Town. Seritage Growth Properties (NYSE: SRG) is a fully integrated REIT and owner of 195 properties totaling over 30 million square feet across 44 states and Puerto Rico.
In this podcast, we invited Abhishek Shete, who is an active member of the Value Investor TV Slack Community, to discuss SRG. He has been working for a construction company in the US for past 5 years but have always been fond of learning about businesses. Inspired by Charlie Munger, Warren Buffet and Mohnish Pabrai, he is looking for an opportunity in this field on professional level. He loves constructive feedback so feel free to reach out to him on twitter handle - @abhishekshete15. If you would like to read more on Abhishek's analysis of SRG, here is a link to his blog: https://coffeewithabhishek.wordpress.com
Introduction & About Abhishek - 0:00
SRG Thesis Summary - 2:54
Health of Their Balance Sheet - 4:04
Owned by the Greats (Warren, Guy Spier, Mohnish Pabrai, and Phil Town) - 7:15
Poor Cash Flow & Bear Case - 8:50
Management Incentive Structure - 15:50
How do they handle excess capital? - 18:09
Is management open and honest? CEO and CFO Departure -19:06
SRG Valuation and Valuation Thesis - 22:13
How to reach out to Abhishek - 29:51
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
The art of copying.. This is a company owned by the greats: Warren, Guy Spier, Mohnish Pabrai, and Phil Town. Seritage Growth Properties (NYSE: SRG) is a fully integrated REIT and owner of 195 properties totaling over 30 million square feet across 44 states and Puerto Rico.
In this podcast, we invited Abhishek Shete, who is an active member of the Value Investor TV Slack Community, to discuss SRG. He has been working for a construction company in the US for past 5 years but have always been fond of learning about businesses. Inspired by Charlie Munger, Warren Buffet and Mohnish Pabrai, he is looking for an opportunity in this field on professional level. He loves constructive feedback so feel free to reach out to him on twitter handle - @abhishekshete15. If you would like to read more on Abhishek's analysis of SRG, here is a link to his blog: https://coffeewithabhishek.wordpress.com
Introduction & VI TV Community Engagement - 0:00
About Abhishek - 2:10
What does SRG do? What is a REIT? - 3:35
What is their competitive advantage? Their portfolio breakdown. - 6:40
How durable is their competitive advantage? - 10:15
Short-term and Long-term prospects. Current Risk. Growth Strategy - 14:44
Does the company require reinvestment short-term and long-term? - 20:20
Any relationship red flags? - 23:35
SRG Thesis Summary & How to get in touch with Abhishek - 24:32
Amateurs "one up on Wall Street" - 27:32
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
Ebix is a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, Ebix, Inc., (NASDAQ: EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.
“The digital beast in India is about to awaken”
"Digital emergency of 300 million people offer unrivaled opportunity"
"Last call for e-train to Mumbai, hop on board"
These are quotes from Sunil's articles on Seeking Alpha. Sunil is a fund manager who cut his cloth in Schroders London. He joined Coronation South Africa in 1998, running the Smaller Companies Fund which had the best 5-yr record in the sector during his tenure. In 2005 he left Coronation to pursue his passion in writing (and invest without constraints). He recently completed his first novel, a financial thriller called "White Man's Numbers."
In this podcast, we discuss our $EBIX hypothesis and why it is a 2 bagger opportunity in the short-term, with a 10 bagger potential in the long run.
Intro - 0:00
Balance Sheet Health - 1:16
EbixCash IPO - 3:54
China v.s. India and Indian Homegrown Story - 6:17
Branding Effort, Media and Sports Partnership - 8:08
The 3rd Act in the Ebix Story - 11:24
Weak Board of Directors - 14:40
Seeking Alpha and Sunil Contacts - 15:57
Sunil Shah Seeking Alpha: https://seekingalpha.com/author/sunil-shah
Sunil Shah Email: shah@icon.co.za
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: www.facebook.com/valueinvestortv
Database: www.valueinvestor.org
Ebix is a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, Ebix, Inc., (NASDAQ: EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.
“The digital beast in India is about to awaken”
"Digital emergency of 300 million people offer unrivaled opportunity"
"Last call for e-train to Mumbai, hop on board"
These are quotes from Sunil's articles on Seeking Alpha. Sunil is a fund manager who cut his cloth in Schroders London. He joined Coronation South Africa in 1998, running the Smaller Companies Fund which had the best 5-yr record in the sector during his tenure. In 2005 he left Coronation to pursue his passion in writing (and invest without constraints). He recently completed his first novel, a financial thriller called "White Man's Numbers."
In this podcast, we discuss our $EBIX hypothesis and why it is a 2 bagger opportunity in the short-term, with a 10 bagger potential in the long run.
Intro - 0:00
Ebix Core Legacy Business and Competitive Advantage - 3:40
EbixCash Indian Operation and Gold Rush - 14:34
Mistakes and Stock Price Downward Spiral - 18:06
The Great Comeback and Opportunity for a 2 Bagger - 23:45
Capital Reinvestment Requirement and Share count - 29:49
Red Flags with Customers/Regulators/Investors Relationship - 35:00
How to Connect with Sunil - 39:00
Sunil Shah Seeking Alpha: https://seekingalpha.com/author/sunil-shah
Sunil Shah Email: shah@icon.co.za
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: www.facebook.com/valueinvestortv
Database: www.valueinvestor.org
“The digital beast in India is about to awaken”
"Digital emergency of 300 million people offer unrivaled opportunity"
"Last call for e-train to Mumbai, hop on board"
These are quotes from Sunil's articles on Seeking Alpha. Sunil is a fund manager who cut his cloth in Schroders London. He joined Coronation South Africa in 1998, running the Smaller Companies Fund which had the best 5-yr record in the sector during his tenure. In 2005 he left Coronation to pursue his passion in writing (and invest without constraints). He recently completed his first novel, a financial thriller called "White Man's Numbers."
In this podcast, we discuss macro economic trends and specifically dive into investing in the "last digital frontier" that is India 🇮🇳.
Intro - 0:00
Investment Mental Schema - 3:00
How to Assess Management - 10:13
Accounting 10K/10Q - 13:00
Investment as a Story - 14:20
Segmental Analysis and Profit Margin - 15:48
Macro-Trends (QE + Interest Rates) and Value vs Growth Investing - 17:18
Intro to Indian Market 🇮🇳 & Digitalization of India - 23:50
Indian Success Stories - 37:55
Fraud in India - 42:49
Auditors in India - 45:20
Don't Give Your Money to Managers - 47:53
Seeking Alpha - 48:30
Sunil Shah Seeking Alpha: https://seekingalpha.com/author/sunil-shah
Sunil Shah Email: shah@icon.co.za
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: www.facebook.com/valueinvestortv
Database: www.valueinvestor.org
Trade has been a major issue under President Trump. How will that change under President Biden? What areas of opportunity will open up and will close under his leadership?
0:00 - Introduction
2:00 - US and China
7:07 - US and the Middle East, Africa
11:04 - US and Mexico, Canada
11:40 - US and Europe
15:40 - Conclusion
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
Joe Biden is the president-elect. How will America change under his administration? Which industry would be impacted the most?
0:00 - Introduction
2:37 - Win for the Centrist, Importance of Predictability
8:50 - Banking Sector Under Biden Presidency
13:55 - Oil & Gas Under Biden Presidency
16:42 - Tech Under Biden Presidency
22:20 - Healthcare Under Biden Presidency
25:37 - COVID19 Lockdown, Stimulus Package, Income Inequality
28:28 - Trade challenges and Globalization
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
Kevin Carter is the founder of EMQQ the Emerging Markets Internet & E-commerce ETF (NYSE: EMQQ) and Chairman of the EMQQ Index Committee.Â
0:00 - Introduction
1:30 - Background & Why Emerging Market
7:13 - Investment Philosophy (Indexing vs Active; Value Investing)
10:40 - Kevin's Checklist (GARP, Recurring Revenue, etc)
15:04 - Is assessing management important?
18:31 - Risks in investing in the emerging market
21:40 - Why focus on the consumer story; internet and e-commerce
Kevin Carter
LinkedIn: https://www.linkedin.com/in/thekevincarter
EMQQ: https://www.emqqetf.com/
Big Tree Capital: http://www.bigtreecapital.com/
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
Kevin Carter is the founder of EMQQ the Emerging Markets Internet & E-commerce ETF (NYSE: EMQQ) and Chairman of the EMQQ Index Committee.Â
0:00 - Introduction
1:30 - Background & Why Emerging Market
7:13 - Investment Philosophy (Indexing vs Active; Value Investing)
10:40 - Kevin's Checklist (GARP, Recurring Revenue, etc)
15:04 - Is assessing management important?
18:31 - Risks in investing in the emerging market
21:40 - Why focus on the consumer story; internet and e-commerce
Kevin Carter
LinkedIn: https://www.linkedin.com/in/thekevincarter
EMQQ: https://www.emqqetf.com/
Big Tree Capital: http://www.bigtreecapital.com/
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
Recently, the market has been extremely volatile, and options trading had a big part to play. How and why?
0:00 - Intro
1:10 - The price of getting into investing or betting/gambling
2:50 - Options market dynamic between institutions and retail investors
8:27 - How to play in the options market as a value investor
13:09 - Conclusion
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics. Wikipedia
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Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics. Wikipedia
0:00 - Introduction
3:34 - Checklist & house keeping items
5:00 - What's the business?
7:07 - Competitive advantages
13:05 - Long-term prospects
14:13 - Capital intensive business?
15:53 - Relationship red flags
17:22 - Business Summary
Email: info@valueinvestor.org
Twitter: @valueinvestortv
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Database: www.valueinvestor.org
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando. As of April 2017, the firm owns two fine dining restaurant chains: Eddie V's Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch Kitchen. Wikipedia
0:00 - Intro
2:27 - Part 1 Recap
3:34 - High Returns of Capital
7:25 - Cash Balance
8:50 - Debt Level
10:38 - Cash from Operation
11:52 - Management, Excess Cash ManagementÂ
14:30 - Valuation
21:04 - Conclusion
Email: info@valueinvestor.org
Twitter: @valueinvestortv
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Database: www.valueinvestor.org
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando. As of April 2017, the firm owns two fine dining restaurant chains: Eddie V's Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch Kitchen. Wikipedia
0:00 - Intro
2:24 - What Is It?
5:40 - Competitive Advantage
15:20 - Durability
19:10 - Capital Reinvestments
21:10 - Red Flags
23:50 - Recap / Conclusion
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
Facebook: /valueinvestortv
Database: www.valueinvestor.org
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Wikipedia
0:00 - Intro
1:12 - Recap of Part 1
1:33 - Return on Capital
4:30 - Cash on Hand and Debt
7:25 - Excess Cash and Free Cash Flow
8:20 - Management Incentives
12:30 - DCF Assessment and Valuation
18:35 - Conservative Evaluation
22:40 - Conclusion
Email: info@valueinvestor.org
Twitter: @valueinvestortv
Instagram: @valueinvestortv
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The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Wikipedia
0:00 - Intro
1:50 - What is it?
3:15 - Competitive Advantage
14:10 - Durability
19:40 - Capital Reinvestment
23:00 - Relation Red Flags
25:25 - Conclusion
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The deadline for TikTok sale is September 15th. What's going to happen?
0:00 - Intro
1:30 - What is TikTok? What's this fuss about?
5:20 - Where is the synergy?
7:10 - Operational concerns/constraints of US-based TikTok
11:47 - Why are so many tech companies excited about TikTok?
16:05 - Regulation over big techs
17:33 - For sale and on sale
21:27 - Closing
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"I don't like when investment bankers talk about EBITDA, which I call bulls shit earnings."Â - Charlie Munger
0:00 - Intro
2:15 - What is EBITDA?
8:45 - Let's look at an example
13:40 - Counter argument for using EBITDA
17:30 - Why use EBIT?
20:30 - Counter argument for using EBIT
21:40 - Closing
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Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry. The company, with headquarters in Cleveland, Ohio, primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. Wikipedia
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Sherwin-Williams Company is an American Fortune 500 company in the general building materials industry. The company, with headquarters in Cleveland, Ohio, primarily engages in the manufacture, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. Wikipedia
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Corporations and governments are battling the coronavirus and the subsequent lockdown by tapping into the debt market and printing more money. What are the long term implications?
A concept so pivotal to winning in investing: return on capital. Let's discuss this in detail.
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McDonald's Corporation is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. Wikipedia
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McDonald's Corporation is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. Wikipedia
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The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Wikipedia
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The Walt Disney Company, commonly known as Disney, is an American diversified multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Wikipedia
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Cummins is an American Fortune 500 corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Wikipedia
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Cummins is an American Fortune 500 corporation that designs, manufactures, and distributes engines, filtration, and power generation products. Wikipedia
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Stamps.com is an American company that provides Internet-based mailing and shipping services. Stamps.com is a public company and trades on the NASDAQ exchange under the symbol STMP. The company's main offices are located in El Segundo, California. Wikipedia
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Stamps.com is an American company that provides Internet-based mailing and shipping services. Stamps.com is a public company and trades on the NASDAQ exchange under the symbol STMP. The company's main offices are located in El Segundo, California. Wikipedia
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It is hard to believe. This is our 100th episode. We recorded our first episode on August 2018. A lot has happened in the market since then. Let's look back at what happened and, more, think about what happens from here.
The Great Pause. This is what people have been calling what we are all experiencing right now: the sudden economic halt due to the COVID-19 pandemic. What is the long-term repercussion for investors and for companies? The fragility of modern day supply chain. Lack of in-house manufacturing. Slow, complicated healthcare policies. Should we prepare for the next wave of infection? Will central banks continue to write checks? Let's discuss.
Five Below Inc. is an publicly held American chain of specialty discount stores that sells products that cost up to $5, plus a small assortment of products from $6 to $10. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. Wikipedia
Five Below Inc. is an publicly held American chain of specialty discount stores that sells products that cost up to $5, plus a small assortment of products from $6 to $10. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. Wikipedia
Carnival Corporation & plc is a British-American cruise operator, currently the world's largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands. Wikipedia
Carnival Corporation & plc is a British-American cruise operator, currently the world's largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands. Wikipedia
Signet Jewelers Ltd. is the world's largest retailer of diamond jewellery. The company is domiciled in Bermuda and headquartered in Akron, Ohio, and is listed on the New York Stock Exchange. Wikipedia
Signet Jewelers Ltd. is the world's largest retailer of diamond jewellery. The company is domiciled in Bermuda and headquartered in Akron, Ohio, and is listed on the New York Stock Exchange. Wikipedia
The Coronavirus outbreak is presenting a once in a life time opportunity for long-term value investors.
The coronavirus (COVID-19) is impacting several industries. Which is hit hardest? What does this mean for investors?
The fear of the coronavirus (COVID-19) is gripping the market. We are going into a recession. What does this all mean?Â
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Wikipedia
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix. Wikipedia
WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company provides services in the United States, Canada, South America, Europe, Asia, and Australia. Wikipedia
WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company provides services in the United States, Canada, South America, Europe, Asia, and Australia. Wikipedia
The impact of coronavirus on the market and how value investors should prepare for it.Â
Tesla, Inc., is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale and, through its acquisition of SolarCity, solar panel and solar roof tile manufacturing. Wikipedia
We sincerely sincerely apologize for the horrible audio..Â
We discuss the recent WeWork disaster and lessons we can take away from it.
The Fall of WeWork: How a Startup Darling Came Ungluedhttps://www.wsj.com/articles/the-fall-of-wework-how-a-startup-darling-came-unglued-11571946003
We discuss two Wall Street Journal articles relevant to value investing. One is about Warren Buffett's ever growing cash pile and the other is about splitting of chairman and CEO role.
Berkshire Hathaway’s Cash Pile Hits a Recordhttps://www.wsj.com/articles/berkshire-hathaways-earnings-fall-as-unrealized-investment-gains-decline-11572696532?mod=hp_lead_pos2
When Things Get Tough, Companies Split Chairman, CEO Roleshttps://www.wsj.com/articles/when-things-get-tough-companies-split-chairman-ceo-roles-11572778801
The Kraft Heinz Company, commonly known as Kraft Heinz, is an American food company formed by the merger of Kraft Foods and Heinz with co-headquarters in Chicago, Illinois and Pittsburgh, Pennsylvania. Wikipedia
The Kraft Heinz Company, commonly known as Kraft Heinz, is an American food company formed by the merger of Kraft Foods and Heinz with co-headquarters in Chicago, Illinois and Pittsburgh, Pennsylvania. Wikipedia
TransDigm Group Incorporated develops, distributes and manufactures commercial and military aerospace components such as mechanical actuators and ignition systems. Wikipedia
TransDigm Group Incorporated develops, distributes and manufactures commercial and military aerospace components such as mechanical actuators and ignition systems. Wikipedia
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, gift cards, and debit cards. Wikipedia
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, gift cards, and debit cards. Wikipedia
The stock market is not looking pretty nowadays. How do you control your emotions through the ups and downs?
The stock market is not looking pretty nowadays. How do you control your emotions through the ups and downs?
Foot Locker Retail, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in 28 countries worldwide. Wikipedia
We apologize for the poor sound quality on this episode
Foot Locker Retail, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in 28 countries worldwide. Wikipedia
We apologize for the poor sound quality on this episode
Allison Transmission is an American manufacturer of commercial duty automatic transmissions and hybrid propulsion systems. Allison products are specified by over 250 vehicle manufacturers and are used in many market sectors including bus, refuse, fire, construction, distribution, military, and specialty applications. Wikipedia
Allison Transmission is an American manufacturer of commercial duty automatic transmissions and hybrid propulsion systems. Allison products are specified by over 250 vehicle manufacturers and are used in many market sectors including bus, refuse, fire, construction, distribution, military, and specialty applications. Wikipedia
Companies that love to "eat" themselves? Let's talk about share cannibals and why they might be an interesting play for value investors.
Companies that love to "eat" themselves? Let's talk about share cannibals and why they might be an interesting play for value investors.
Resideo is a global leader of comfort and security solutions for homes. ADI Global Distribution leads wholesale distribution of security and low-voltage products.
Resideo is a global leader of comfort and security solutions for homes. ADI Global Distribution leads wholesale distribution of security and low-voltage products.
Spin-off is a known secret in the value investing community. It makes for an outsized returns - Joel Greenblatt said it and so did Charlie Munger. So what is it? What do you look for in a spin-off? Why is it a known secret? Let's find out.
Spin-off is a known secret in the value investing community. It makes for an outsized returns - Joel Greenblatt said it and so did Charlie Munger. So what is it? What do you look for in a spin-off? Why is it a known secret? Let's find out.
Let's discuss return on equity. This is the most - the most - important metric in value investing.
Let's discuss return on equity. This is the most - the most - important metric in value investing.
GameStop Corp. is an American video game, consumer electronics, and wireless services retailer. The company is headquartered in Grapevine, Texas, United States, a suburb of Dallas, and operates 7,267 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. Wikipedia
GameStop Corp. is an American video game, consumer electronics, and wireless services retailer. The company is headquartered in Grapevine, Texas, United States, a suburb of Dallas, and operates 7,267 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. Wikipedia
It has been really fun communicating with you guys on and off the podcast. In this episode, we are answering questions that you sent over via email and Twitter.
L Brands, Inc. is an American fashion retailer based in Columbus, Ohio. Its flagship brands include Victoria's Secret and Bath & Body Works. L Brands posted $12.63 billion in revenue in 2017, and was listed as 231 on the 2018 Fortune 500 list of largest United States companies by revenue.Wikipedia
L Brands, Inc. is an American fashion retailer based in Columbus, Ohio. Its flagship brands include Victoria's Secret and Bath & Body Works. L Brands posted $12.63 billion in revenue in 2017, and was listed as 231 on the 2018 Fortune 500 list of largest United States companies by revenue.Wikipedia
Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans. It was founded in May, 1853 when German immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California to open a west coast branch of his brothers' New York dry goods business. Wikipedia
Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans. It was founded in May, 1853 when German immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California to open a west coast branch of his brothers' New York dry goods business. Wikipedia
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier. Wikipedia
Southwest Airlines Co. is a major American airline headquartered in Dallas, Texas, and is the world's largest low-cost carrier. Wikipedia
Lyft, Inc. is a transportation network company based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system. Wikipedia
Lyft, Inc. is a transportation network company based in San Francisco, California and operating in 640 cities in the United States and 9 cities in Canada. It develops, markets, and operates the Lyft mobile app, offering car rides, scooters, and a bicycle-sharing system. Wikipedia
Ulta Beauty Inc., is a chain of beauty stores in the United States, headquartered in Bolingbrook, Illinois. Ulta Beauty carries cosmetics and skincare brands, men's and women's fragrances, nail products, bath and body products, beauty tools and haircare products. Wikipedia
Ulta Beauty Inc., is a chain of beauty stores in the United States, headquartered in Bolingbrook, Illinois. Ulta Beauty carries cosmetics and skincare brands, men's and women's fragrances, nail products, bath and body products, beauty tools and haircare products. Wikipedia
Netflix, Inc. is an American media-services provider headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. Wikipedia
Netflix, Inc. is an American media-services provider headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. Wikipedia
It has been really fun communicating with you guys on and off the podcast. In this episode, we are answering questions that you send over via email and Twitter.Â
We introduce our Twitter account and talk about the role it will play in reaching out to value investorsÂ
Through our tweets we will share comments on the news of the day. Our team reviews articles from a variety of publications, through the lens of a value investor. Â
NVR, Inc. is an American homebuilding and mortgage company. The homebuilding unit sells and constructs new homes under the Ryan Homes, NVHomes, Rymarc Homes, Fox Ridge Homes and Heartland Homes trade names. Wikipedia
NVR, Inc. is an American homebuilding and mortgage company. The homebuilding unit sells and constructs new homes under the Ryan Homes, NVHomes, Rymarc Homes, Fox Ridge Homes and Heartland Homes trade names. Wikipedia
Nvidia Corporation is an American technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market. (Wiki)
Nvidia Corporation is an American technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market. (Wiki)
Canada Goose (https://www.canadagoose.com/). It is a premium winter wear company that makes highly functional winter jackets, among others. Let's dive in!
Canada Goose (https://www.canadagoose.com/). It is a premium winter wear company that makes highly functional winter jackets, among others. Let's dive in!
Skechers (https://www.skechers.com/) - you most likely have heard of this company. They make shoes =). Let's do a deep dive into this footwear company.
Skechers (https://www.skechers.com/) - you most likely have heard of this company. They make shoes =). Let's do a deep dive into this footwear company.
Portfolio Management Part 2! Is diversification necessary? What does it mean to build a diversified portfolio? Let's check it out.
Portfolio Management Part 1! How should you allocate capital? Should you own 50% in stocks and 50% in cash? Let's explore the concept of asset allocation in value investing.
DCF is a widely used metric in the investing community. It is a more robust measurement of the value of a business by taking into account revenue growth projections. Enjoy!
Price to Book (P/B) is another valuation metric analysts use to determine how cheap or expensive something is. Let's have a look!
Price to Free Cash Flow (P/FCF) is a valuation ratio that analysts use to examine the price of a company relative to the free cash it is generating. To put it simply, if a company is easy to understand, has durable competitive advantage, ran by an honest group of people, AND has low a P/FCF ratio, it is definitely worth taking a more serious look. So let's check out what P/FCF is all about about.
Let's explore PE in detail. PE is one of the first valuation ratios analysts use to determine how cheap a stock is. It is easy to calculate and useful for quick and easy valuation but there are some downsides to it. Let's check it out!
The second half of the checklist! It will be much easier to follow along if you have our checklist in front of you. Please reach out to us at info@valueinvestor.org to get a copy!
As covered in the previous episode, using a checklist is a great way to stay disciplined in one's investment process. It is easy to forget things and you can quickly become sloppy in your analysis. In this episode, we discuss the questions that are in our checklist. Enjoy!
Using a checklist is important for a disciplined investment process. It allows us to make sure we cover all the grounds before coming to a conclusion about an investment opportunity. In this episode, we are talking about the importance of using a checklist and the key questions you should be asking yourself as a value investor.
How do we determine financial health of a company? Do they have too much debt? What is their capital structure? Various financial ratios can tell us the answers to these questions. Let's have a look.
Operational ratios tell us We often measure a car's efficiency by measuring miles per gallon. Similarly, there are ratios that tell us how we can measure how efficiently a company is operating. Let's have a look!
Let's take a deep dive into valuation ratios! These ratios tell us how cheap or expensive a company is.
How do you analyze companies quantitatively? Quantitative analysis is not the end all be all. However, it is a critical aspect of understand and analyzing investment opportunities. We will introduce you to various ratios used to examine a company's valuation (how cheap it is), operations (how efficient it is), and financials (how healthy is it financially). Let's start!
Now that we have covered the three financial statements individually, let's discuss how they are all linked together!
Part 2 of the Cash Flow Statement! The final episode of six part series about the financial statements.
The last leg of our journey through the financial statements - Cash Flow Statement! Cash flow statement is often times ignored in the mainstream investing world. But for the shrewd investors out there, deciphering the cash flow statement is mission critical! Let's check it out
Part 2 of Balance Sheet! In this episode, we are going to explore the liability and equity side of the balance sheet.Â
Moving on to balance sheet. Balance sheets serve a distinct purpose than income statements. It is very important to understand the differences. Let's find out what balance sheet is all about.
This is part 2 of the Income Statement! As we said in the previous episode, income statement starts with the top line and goes down to the bottom line. So far, we covered the top line to what we know as the operating income. Let's finish our journey to the bottom line in this episode.
For the next few episode, we will be going over the three financial statements. First one in line - Income Statement. Let's take a look!
Understanding financial statements is key to becoming a great value investor. There are three financial statements that encapsulates the performance and financial health of a company. Let's take a 1000 ft view of the financial statements in this podcast.
In previous episodes, we talked about the brokerage industry, companies, investment banks, and more. In this episode, we want to tied it all together, summarizing players in the stock market and how they influence each other.Â
How do you access the public stock market? Let's explore the stock brokerage industry and the incentive structure surrounding it.Â
A publicly traded companies must file reports to the SEC to remain listed. What are these documents and how could they help us as investors?
What is going "public" or "IPO" or being "listed"? What is the difference between the public and private market? Becoming a public company and the public market place are major cornerstones of the democratized capitalism. Let's find out.
Companies are organized in specific ways for appropriate governance. Think about board of directors, C-level executives, presidents, and vice presidents... What type of role do they play? What does it mean for investors like you and I?
Cloud Computing vs Railroad? or.. Internet Banking vs Brick-and-mortar retail? They are very different market place. Technology-heavy market places are cloud computing and internet banking are on the rise! They are growth industry. On the other hand, railroads and brick-and-mortar retail outlets are on the decline. As investors, we need to analyze companies differently depending on the type of market place they are playing in. Let's take a look at different types of industries and what that means to investors.
Competition is a hallmark of capitalism. Companies evolve to win businesses constantly and through competition, the margin inevitably dwindles overtime. Those that are able to protect themselves against this erosion can however enjoy long lasting success. Competitive advantage gets to the heart of this matter. How can a company protect themselves against this erosion? Let's find out.
Say you are starting a hot dog stand... the starting capital is $10,000 but you only have $5,000 in cash. How do you finance this business? Why is this important to know as an investor? Let's find out!
We covered this in our last episode: Companies are the best vehicle for growing your wealth. Let's dig deeper into this.. Why do companies exist at all? What is their core purpose? Let's find out!
Why should you invest in companies? You have other options.. Cryptocurrency, real estate, gold, silver, etc. But why invest in companies??
Book: 100 Baggers: Stocks That Return 100-To-1 and How to Find Them: https://www.amazon.com/dp/B019978QJQ/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Collins-Business-Essentials-ebook/dp/B000FC12C8/ref=sr_1_4?s=digital-text&ie=UTF8&qid=1535575493&sr=1-4&keywords=intelligent+investor
The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success https://www.amazon.com/Outsiders-Unconventional-Radically-Rational-Blueprint/dp/1422162672
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There are different ways to invest.You will hear "momentum", "growth", "value" investing being tossed around. We think value investing is the only sensible way to invest your money. In fact, it is an investing philosophy that world's wealthiest investors swear by. Check out why!
Why should you invest at all? Could you just put it in your savings account? Let's find out!