Rangeley Capital Podcast: Recent Episodes
Rangeley Capital Podcast
Chris and Andrew discuss ongoing M&A in the super luxury space, with LVMH proposing to TIF and Sotheby's (BID) getting bought out for a mammoth 61% premium. Later, they discuss the NCAA's new proposal to allow student athletes to profit off their image.
The Rangeley Team discusses WeWork's failed IPO, September's growth to value shift, and the current chill in corporate M&A.
The Rangeley Team discusses a seeming paradox: the financial press, stock market, and (inverted) yield curve all seem to be signalling imminent recession, but all of the large retailers are reporting strong earnings (lead by Target, with their stock up ~25% this month) and continued consumer strength. Why the divergence?
Then, continuing on the retail theme, the team discusses the ongoing craziness at Overstock and Tesla.
The Rangeley Team discusses Greenlight's Q2'19 letter and its comparison of Chewy to Pets.com. Then, they turn to a discussion of Beyond Meats (BYND) unique secondary offering and the strange story of a fire that took down a small town bank fraud (https://bit.ly/2SQW3yC).
Following a month of blockbuster M&A, the Rangeley team discusses how Abbvie's deal is giving their shareholders stress wrinkles. Then, they talk about the Sprint / T-Mobile deal as it (apparently) nears DOJ approval.
The Rangeley team discusses two deals where the buyer's shareholders are unhappy. First up is Centene's (CNC) offer for Wellcare (WCG), where Third Point would like Centene to do a market check before going through with the deal. Then the conversation turns to Occidental's (OXY) bid for Anadarko (APC), a deal Carl Icahn thinks is "hugely overpriced."
Finally, the conversation turns briefly to Jeopardy!
The Rangeley Team discusses the things and ideas that intrigued them the most in April, including Anadarko's bidding war and Blackstone's decision to convert to a C-Corp.
You can find all of the links and ideas discussed in more depth here:
http://yetanothervalueblog.com/2019/04/some-things-and-ideas-april-2019.html
The Rangeley Team discusses the things and ideas that intrigued them the most in March. You can find all of the links and ideas discussed in more depth here:
http://yetanothervalueblog.com/2019/03/some-things-and-ideas-march-2019.html
Both Tesla's (TSLA) Elon Musk and Papa John's (PZZA) Papa are facing huge blow back from some shocking statements. Chris and Andrew discuss what's next for the two companies.
With the U.S. announcing $200B in tariffs, we appear headed for a trade war. The Rangeley Team discuss what's that means for markets and where we'll likely go from here.
Later, they discuss the most recent changes for the Starwood credit card as Marriott looks to overhaul their loyalty program in the wake of their merger.
Dell is looking to go public by performing a reverse merger into their VMW tracking stock, DVMT. The headline of the offer says it's worth $109/DVMT share, but is that really the fair value of what Dell's offering? Is there a chance for minority shareholders to get a better deal?
With Disney (DIS) receiving DOJ approval for their Fox (FOX) deal while Comcast (CMCSA) mulls coming back with a higher offer, one of the largest media deals and bidding wars in history is heating up. Chris and Andrew discuss why Comcast and Disney are so interested in Fox, what's likely to happen next, and who will ultimately catch the Fox.
Berkshire Hathaway (BRK) named Greg Abel and Ajit Jain as Vice-Chairmen today, setting them as the front runners to succeed Warren Buffett as CEO. Who's the favorite and what's it mean for investors?
After, Chris and Andrew peer into their crystal balls and try to guess some of the themes that will drive markets in 2018.
After a relatively quiet 2017, Berkshire's elephant gun is fully loaded. Andrew and Chris discuss the most likely deals he'll be pursuing in 2018. And after two big deals in the food space, they discuss what's driving consolidation and who the most likely targets going forward are.
Andrew and Chris talk about the rumored mega-merger between Disney (DIS) and Fox (FOX). Why is Fox, a traditional media empire builder, looking to sell? Why is Disney looking to buy? Later, they talk about some unintended (and intended) consequences of the Republican tax plan.
The Department of Justice is trying to block the AT&T (T) acquisition of Time Warner (TWX) in a move that's shocked the business world. Why is the DoJ suing? Who has the stronger hand, AT&T or the DoJ? And what role is politics / Donald Trump's feud with CNN playing in the suit?
Amazon buys the rights to the Lord of the Rings prequel show for a whopping $250m, a deal one industry observer called "insane." And the SEC comes out with a "forceful" statement saying celebrities who endorse stock sales and coin offerings without disclosing pay may be breaking the law.
The WSJ's "Morningstar mirage" article is sending shockwaves through the mutual fund industry and Morningstar's (MORN) stock, but does it tell the whole story?
A new CEO is in charge at GE (GE), and after reporting awful Q3 earnings he is cutting corporate jets and taking names. Will it have an impact or is it too little too late to boost the struggling conglomerate?
Procter & Gamble (PG) beats Nelson Peltz in the most costly proxy battle of all time. Netflix (NFLX) is planning on spending a mind-boggling $8B on original content next year.
With competition looming from Amazon's (AMZN) Whole Foods purchase, Kroger (KR) is selling off their convenience stores and looking to cut costs to stay competitive. Will it be enough? And the WSJ notes that spinoffs have outperformed the market over the past few years; what's driving that out performance and will it continue going forward?
Warren Buffett's Berkshire Hathaway (BRK) buys into Pilot Flying J, the nation's largest truck stop chain, while Elon Musk and Tesla (TSLA) announce disappointing Model 3 production numbers for Q3.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Equifax's (EFX) CEO "exit" and London kicking out Uber.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Toys"R"Us bankruptcy and what it means for the retail sector. Then, they talk about what has made 2017 the worst year for bank M&A since 2009.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Amazon (AMZN) looking for a new HQ and place bets on where they think it'll go. Then, they discuss the lack of telecom M&A and wonder what could get it started.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, give their take on Goldman's recent bearish call on a stock market hitting record highs; then, they discuss rumors Foxconn, Apple's (AAPL) largest supplier, is preparing to build a new plant in Wisconsin.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss a potential equity investment in Sprint (S) from Warren Buffett's Berkshire Hathaway (BRK) and John Malone. Then, they check in one what Elon Musk is up to, including the potential to connect New York and D.C. with a hyperloop and Tesla (TSLA) ramping up Model 3 production.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Warren Buffett and Berkshire Hathaway (BRK) firing a mini-elephant gun at Texas energy distribution giant Oncor. Later, they talk about a soft advertising season for the NFL as Pfizer's (PFE) Viagra stops advertising in the face of generic competition.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Warren Buffett's Berkshire Hathaway's (BRK.A/BRK.B) Bank of America (BAC) investment as well as quirky ways TV ratings are manipulated.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss activism at Nestle (NSRGY); then, they turn two Warren Buffett's Berkshire Hathaway's (BRK) recent below market deals for Home Capital (HCG) and Store Capital (STOR).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Amazon's (AMZN) deal to buy Whole Foods (WFM) and the regulatory future for tech giants like Amazon (AMZN), Apple (AAPL), Google (GOOGL), and Facebook (FB).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss General Electric's (GE) CEO change and how regulatory uncertainty is holding up M&A activity.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss a wild month for Uber, including their ongoing lawsuit with Google (GOOGL).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the newest batch of 13-Fs. Then, they wonder if the market is properly pricing in political risk in today's crazy world.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss AT&T’s (T) failed effort to buy Straight Path (STRP) after Verizon’s (VZ) topping bid. Then theyturn to Snap’s (SNAP) first quarter as a public company.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Berkshire's (BRK) annual meeting; then, they turn the Wall Street Journal article "How a hedge fund ace chased Silicon Valley Riches and embarrassed himself."
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Tesla's (TSLA) "S-3-X-Y" issues; then, they turn to socially responsible investing ETFs.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss "premium pricing" from Intel (INTC) paying up for their Cloudera stake and Nintendo shipping Switch consoles by plane.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Weight Watchers (WTW) complex relationship with spokeswoman / board member Oprah Winfrey; then, they talk about the incredible rise and fall of Dryships (DRYS) stock.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss a "vaguely threatening" letter that got Arconic's (ARNC) CEO fired; then, they discuss why the tobacco industry is "rolling in money".
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Verizon's (VZ) potential acquisition targets from Comcast (CMCSA) to CBS (CBS) and Disney (DIS); then, they turn to Microsoft’s (MSFT) Steve Ballmer’s latest project.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the end of the bidding war for MoneyGram (MGI) and the recut Abbott (ABT) deal for Alere (ALR).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Jeff Bezos's Amazon (AMZN) shareholder letter; then, they discuss activism at Whole Foods (WFM) and the rumors Amazon considered a bid for Whole Foods.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about the latest fall out from the Wells Fargo (WFC) account opening scandal; then, they wonder if a search for a new CEO could open the door for a sale at Mondelez (MDLZ).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the Fed's Lacker leak; then, they turn to late night infomercial juggernaut Ronco Brands' (known for the Veg-O-Matic) attempt to IPO.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss David Einhorn's proposal for General Motors (GM); then, they turn to issues with the Prince estate.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Elon Musk's big week and bold claims for Tesla (TSLA).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Costco suing Titleist over golf-ball patents; then, they turn to cheating in eSports.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Google's (GOOGL) issue with fake news advertising; then, they discuss skinny bundles squeezing superfluous TV channels.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the absence of insider stock purchases. Then, they turn to canine rentals.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Intel's (INTC) big deal to buy Mobileye (MBLY); then, then discuss Logan's box office success.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss General Motors' (GM) deal to sell Opel to PSA; then, they turn to rising pay at nonprofits.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Snap's (SNAP) IPO before turning to big changes for the brokerages.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Buffett's annual Berkshire (BRK) letter. Then, they turn to a study that shows that leaks lead to higher deal premiums.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss bad ideas, including a plot to bomb Target (TGT) stores to buy their stock at a discount.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Kraft Heinz's (KHC) failed deal for Unilever (UL) / (UN) and wonder what's next for the two companies. Then, they discuss the Catalyst Fund.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the newest batch of 13-Fs and Warren Buffett's Berkshire Hathaway's (BRK) newest picks in Apple (AAPL), airlines, and Monsanto (MON). Then, they discuss Restaurant Brands' (QSR) next target.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, use Valentine's Day as a way to discuss commitment in the form of tenured professors and mall leases with department stores like Sears (SHLD).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Verizon's (VZ) move back to unlimited data plans to keep up with Sprint (S) and T-Mobile (TMUS); then, they talk about New York City's ballooning budget.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Audi's Super Bowl ad; then, they talk about rumors that a buyer might step in to rescue Macy's (M), including a wild rumor that Amazon (AMZN) might be their white knight.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss rumors Disney's (DIS) CEO Bob Iger might be sticking around past 2018. Then, they talk about the diverging fortunes of Hasbro (HAS) and Mattel (MAT).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss a few billionaires who are turning bearish as the Trump administration advances its agenda. One billionaire who's decidedly not bearish? Berkshire's (BRK) Warren Buffett, who has bought $12B of stock since the election.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Cisco (CSCO) snapping up AppDynamics hours before their IPO; then, they turn to the $81m Hamilton ticket Ponzi Scheme.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about Amazon's (AMZN) moves in auto parts and shipping; then, they discuss Snapchat's pending IPO.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Berkshire's (BRK.A; BRK.B) reinsurance deal with insurance giant AIG (AIG). Then, they talk about Buffett's approval of Trump's Cabinet picks and Buffett's (correct) suggestion not to pay too much head to Carl Icahn's bearish calls (IEP).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, spend inauguration day talking about two of President Trump's favorite things: jobs and Twitter (TWTR).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss catch up with Bernie Madoff and his Swiss Miss corner. Then they discuss the strange final days of the Obama administration, including the last minute FTC suit against Qualcomm (QCOM) and its potential to derail their merger with NXP Semiconductors (NXPI).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the Tesla (TSLA) Gigafactory and their big new hire poached from Apple (AAPL). Then, they turn to the latest memo from Oaktree's (OAK) Chairman Howard Marks.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the Verizon (VZ)-Comcast (CMCSA) deal contemplated by T-Mobile (TMUS) CEO John Legere as well as his other 2017 predictions. Then they turn to the one million US jobs pledged by Alibaba (BABA) CEO Jack Ma to Donald Trump.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Warren Buffett pulling a "reverse yankee" at Berkshire Hathaway (BRK); then, they discuss an awful start to the year for retailers like Sears (SHLD), Macy's (M), and Kohl's (KSS).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Apple's (AAPL) billion dollar investment into Softbank's (SFTBY) $100B Vision Fund. Then, they turn to the "vile and amazing" Jack in the Box (JACK) taco.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss their predictions for 2017, including if Warren Buffett's Berkshire Hathaway (BRK) will buy Coke (KO), if Sprint (S) and T-Mobile (TMUS) will merge, the odds of Rite-Aid (RAD) and Alere (ALR) closing their mergers, and the ban on porn in South Carolina.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss their favorite tweets, books, and gifts of the year before concluding with their thoughts on the "white lie" of Santa.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Verizon's (VZ) star-crossed acquisition of Yahoo! (YHOO) in the wake of another security breach. Then, they turn to the TSA in anticipation of holiday travel.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Donald Trump nominating Exxon (XOM) CEO Rex Tillerson for Secretary of State; then, they discuss Senator Liz Warren's attack on hedge fund manager Whitney Tilson.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Under Armour's (UA) new deal with the MLB and their complex share class restructuring. Then, they look at wasteful spending at the Pentagon and on Air Force One.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, celebrate Repeal Day with a discussion of beverage companies, including Anheuser-Busch InBev (BUD), and then move on to a discussion of cross-border M&A.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Tesla (TSLA) and the future of driving cars in the wake of the Solarcity (SCTY) deal close. Then, they turn their attention to Cuba (CUBA).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Facebook's (FB) first buyback and their issues with fake news. Then they switch from capitalism to socialism and talk about Venezuela.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss DryShips (DRYS) amazing rise and fall in the wake of Donald Trump's election. Then, they turn to a curious quote by Lowe's (LOW) CEO after a poor earnings report.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss this quarter's 13-Fs, including Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) buying the airlines while selling Walmart (WMT). Then, they discuss labor unions introducing the "Work It" app to unionize Walmart's workforce.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Donald Trump's historic win, how they (and the polls!) could've missed it by so much, and investing opportunities in his administration.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Valeant's (VRX) legal woes and non-core sales. Then, they take a close look at L Brands (LB) before turning to the election odds.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Goldman Sachs (GS) "freaking out" trying to get Apple (AAPL) to top AT&T's (T) bid for Time Warner (TWX). Then, they discuss General Electric's (GE) deal with Baker Hughes (BHI).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Megyn Kelly's contract negotiations with Fox News (FOXA) and the potential for Trump TV. Then, they turn to the North Dakota crash conspiracy.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the AT&T (T) mega-merger with Time Warner (TWX). Then, they discuss the new excuse for companies reporting weak earnings: political uncertainty.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the leak of Salesforce's (CRM) board documents discussing potential M&A targets. Then, they turn to some recent controversy surrounding Peter Thiel's donation to Donald Trump's campaign and funding lawsuits against Gawker Media.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Walmart's (WMT) recent crime problems and efforts to improve by raising wages. Then, they look at YUM Brands (YUM) pending spinoff of their Chinese unit and what could come next for the company.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Google's ($GOOG) ($GOOGL) recent acquisition of FameBit and reflect on the YouTube acquisition on its 10 year anniversary. Then, they discuss the Hollywood Reporter's article "Panic, Anxiety Spark Rush to Build Luxury Bunkers for L.A.'s Superrich."
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Mars buying out Berkshire's (BRK) stake in Wrigley and Donald Trump calling out Warren Buffett on taxes. Then, they discuss a failed promotion at Ruth Chris (RUTH) . Finally, they wrap up with some thoughts on Donald Trump's recent controversies.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Salesforce.com's (CRM) attempts to delay the Microsoft (MSFT) / LinkedIn (LNKD) merger by complaining to the EU; then, they discuss the Harvard Crimson Editorial Board's gloomy mood over their endowment's performance.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, give some updates on the Viacom (VIA) / CBS (CBS) rumored merger as well as the brewing bidding war for Twitter (TWTR), with bidders ranging from Disney (DIS) to Google (GOOG) and Salesforce (CRM). Then, they discuss the WSJ article "Why it takes more than money to buy a special edition Ferrari (RACE)."
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Pfizer's (PFE) decision to stay together while Valeant (VRX) slowly looks to sell off non-core assets. Then, they discuss the recent Yahoo (YHOO) hack and what it means for their Verizon (VZ) deal.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss what's next for Viacom (VIA), including rumors of a potential reunion with CBS (CBS). Then, they wonder if Gray's (GTN) political ad warning has implications for the future of ad spending.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the ongoing Bill Ackman / Carl Icahn feud over Herbalife (HLF). Then, they discuss the rational behind the massive premiums Allergan (AGN) paid for Tobira (TBRA) and Vitae (VTAE).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Wells Fargo's (WFC) account opening scandal and then ask if Warren Buffett will get involved given it's Berkshire's (BRK) 2nd largest holding. Then, they turn to the sugar industry dietary research funding scandal.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about the latest on-goings in the Tesla (TSLA) / SolarCity (SCTY) merger; then, they discuss the Washington Post article "How Donald Trump retooled his charity to spend other people's money."
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, ask why Twitter (TWTR) is so often the subject of takeover rumors. Then, they discuss Bill Ackman's recent investment in Chipotle (CMG).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Apple's (AAPL) iPhone launch and their fight with the EU tax authorities. Then they discuss the results from "sell in May and go away" and where they're seeing opportunity in a complacent market.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the recent controversy over Mylan's (MYL) EpiPen, the "dinner with Trump" PAC scandal, and Trump's for profit campaign.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss their takeaways from "13-F watch", including Berkshire (BRK) buying Apple (AAPL) and selling Walmart (WMT). Then they discuss the battle for paper versus electronic mutual fund reports.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the "ghost" controversy that lead to the resignation of Lululemon's (LULU) direct Rhoda Pitcher. Then they discuss the buyout of Mattress Firm (MFRM) and how it continues an awful year in the realm of short selling.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Citigroup's (C) recent accumulation of financial derivatives, an instrument Berkshire's (BRK) Warren Buffett called "financials weapons of mass destruction". They then discuss Harvard's endowment and its recent struggles to hang onto talent.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss tech's rise to the top of the market and then talk about why a group of billionaire investors have come out bearish on the market recently.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Oracle's (ORCL) deal to buy Netsuite (N) and then wonder how many shoes can drop at Alere (ALR) before Abbott (ABT) can run away.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Berkshire (BRK) CEO Warren Buffett and J.P. Morgan (JPM) Jamie Dimon's secret meeting to improve corporate governance, as well as some shocking new research that suggests CEO pay has a negative correlation to stock price performance.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about Unilever's (UN) deal to buy Dollar Shave Club, and then discuss the long and short case for Chipotle (CMG) in the wake of their awful earnings report.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, have a movie themed podcast: first, they discuss the Netflix (NFLX) earnings "horror show", and then they discuss some deal drama in the proposed merger between AMC (AMC) and Carmike (CKEC).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Elon Musk's wild week, including his Tesla (TSLA) masterplan, an SEC investigation, and some selective disclosure questions. They wrap up by chatting a bit about the election and the upcoming Republican Convention.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss #primeday and what it means for Amazon (AMZN) shareholders, and then talk about the UFC's sale and its implications for WWE (WWE).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the #pokemongo craze, its broader investing implications, and if the game makes Nintendo an acquisition target.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, catch up on Yahoo's (YHOO) core business auction as final bid day approaches, and then discuss why Warren Buffett and Berkshire (BRK) are providing financing for Dan Gilbert's bid.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss opportunities in the media sector in the wake of the Starz (STRZA) / Lions Gate (LGF) merger and then discuss Mondelez's (MDLZ) bid for Hershey (HSY).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss opportunities created by the Russell 3000 reconstitution, including Zedge (ZDGE) and Chemung Financial (CHMG), and then turn to Bitcoin's potential as a safe haven.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the fall out from the Brexit and some potential opportunities in its wake, including EMC and Rite Aid (RAD). They then turn their attention to Tesla (TSLA) proposed acquisition of SolarCity (SCTY).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Janus' (JNS) fat ETF (SLIM) and why investors in it might be overweight some hidden risks. They wrap up with their thoughts on the Brexit.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the Microsoft (MSFT) purchase of LinkedIn (LNKD) and the prospects for a Twitter (TWTR) acquisition.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the recent wave of M&A in the cloud computing space, including Salesforce's (CRM) purchase of Demandware (DWRE), buyouts for Qlik and Marketo (MKTO), and activism at Infoblox (BLOX). Then, they discuss potential opportunity in the Great Plains (GXP) / Westar (WR) merger.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, provide an update on Gannett's (GCI) bid for Tribune (TPUB) and some novel defense strategies at TPUB, including a potential name change to Tronc. Then, they provide some updated thoughts on the coming Clinton / Trump showdown.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss some bad news for Warren Buffett and Berkshire Hathaway (BRK) shareholders. Then, they turn their eyes to what companies Buffett could look to buy next, including Coke (KO), Kraft Heinz (KHC), and Hershey (HSY).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Ares (ARES) deal to buy American Capital (ACAS) and then dive into the big month in healthcare mergers, including Icahn's new stake in Allergan (AGN) and a bit more on the Medivation (MDVN) bidding war.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, wonder if George Zimmer likes the look of a Tailored Brands (TLRD) takeover, talk about a big break for golfer Phil Mickelson, and discuss the investigation into Senator Corker's favorite trading vehicle, CBL & Associates (CBL).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Bayer's (BAYRY) big for Monsanto (MON) and then the over the top rumors about Church and Dwight's (CHD) potential acquisition.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Warren Buffett's recent moves, including Berkshire's (BRK) investment in Apple (AAPL) and providing financing for a bid for Yahoo (YHOO).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the fall out from Office Depot (ODP) and Staples (SPLS) breaking up and then turn their eyes to huge sell off in the retail sector in the wake of Macy's (M) weak earnings. Amazon's (AMZN) influence runs through both topics.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss a way to buy the Atlanta Braves through their new tracking stock (BATRA, BATRK, BATRB) and what the stock might be worth. They then turn their attention to an upcoming change in the way indexes are calculated that could result in a tailwind for the entire REIT sector.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the recent issues at Lending Club (LC) and then turn to JAB's acquisition of Krispy Kreme (KKD).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss a potential bidding war for Medivation (MDVN) after recieving competing offers from Pfizer (PFE) and Sanofi (SNY). Then, they turn to Comcast (CMCSA) and discuss how their merger with Dreamworks (DWA) will position them as a Disney (DIS) clone. Finally, they discuss that Abbott (ABT) mega-merger with St. Jude (STJ).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss their takeaways from Berkshire Hathaway's (BRK) annual meeting. Then, they discuss an investment in Seritage (SRG) Warren Buffett made in his PA that shows he's still got it. They wrap up by providing updates on two deal previously mentioned: the failed Baker Hughes (BHI) / Halliburton (HAL) merger and the Apollo (APOL) buyout.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss ways to prepare for a market decline and then their expectations for Berkshire Hathaway's annual meeting this weekend.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Gannett's (GCI) bear hug offer for Tribune Publishing (TPUB), and then turn to the regional banking world to discuss the outlook for activism and consolidation at Comerica (CMA) and Zions (ZION).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, provide an update on Yahoo's (YHOO) sale process as it looks increasingly likely Verizon (VZ) buys the company. Then, they provide an overview on financial fraud and how to spot it.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, ask if breaking up the banks could create value for shareholders, discuss a proposal for Facebook to stop Trump, and give some updated thoughts on the primaries heading into the New York results tonight.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Netflix's recent price increase, a potential Netflix / Disney merger, and activism at Depomed.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the Pfizer / Allergan merger breaking, the DoJ suing to stop the Halliburton / Baker Hughes merger, and how David Tepper moving could impact the state of New Jersey.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about Donald Trump's call to sell stocks, the Virgin / Alaska merger, and Sunedison's pending bankruptcy.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, wrap up the Starwood / Marriott drama and then discuss Tesla's Model 3. Finally, they discuss the best April Fool's jokes of this year, including Netflix, Opentable, and Google's, and then the impact of Tesla's epic Model W joke.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the battle for Sumner Redstone's media empire, including CBS and Viacom. They then turn to a recent retirement at the FTV and how that could impact several healthcare deals, including Walgreen's deal to buy Rite-Aid.
For the Vanity Fair article mentioned, see: http://www.vanityfair.com/news/2016/03/sumner-redstone-legal-battle-final-days
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, dive into the Apollo Global (APOL) buyout agreement and why it's trading at a 20%+ spread to its deal price. Later, they talk about Thermo Fisher (TMO) averting a bidding war for Affymetrix (AFFX).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about Amazon's attempt to buy take on Fedex and UPS by leasing planes from Air Transport Services, the Staples / Office Depot merger and how Amazon can help the merger get across the finish line, and continued activism at Shutterfly leading to the company hiring Amazon's UK Managing Director.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about Anbang's attempt to break up the Starwood / Marriott marriage and then some potentially devastating news for MLP investors.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, talk about BIll Ackman's recent portfolio woes and a way to buy the Pershing Square portfolio at a discount.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the Pfizer / Allergan merger, Herbalife's data scripting error, and a bit more on the Sunedison / Vivint deal.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss Sunedison, Terraform, and Vivint Solar in the wake of today's news that banks may not fund their merger.
More on the banks balking: http://www.wsj.com/articles/sunedisons-takeover-of-vivint-solar-in-jeopardy-as-banks-balk-1456951636
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss their takeaways from Warren Buffett's 2016 Berkshire Annual Letter.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the Atlantic article "The Man Who Broke Atlantic City" and how to use similar strategies in investing.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss a hypothetical Google / AIG mega-merger and what happens to CORR as their customers approach bankruptcy.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss sum of the parts investing, buying Yahoo at discount, and some updated thoughts on Donald Trump.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss some takeaways from this quarter's 13-Fs, including Berkshire buying Kinder Morgan.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss two Apollo buyouts (Apollo Education (APOL) and ADT (ADT)), as well as buying dividends at a discount through First Trust Dividend.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss the basics of Merger Arbitrage using a current example (Green Mountain Coffee (GMCR)).
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss 3 deals: Syngenta's deal with ChemChina, Starz potential for a future deal, and the Endurance / Constant Contact deal closing.
Rangeley Capital's Portfolio Managers, Chris DeMuth and Andrew Walker, discuss free give aways in the everyday life and in the Dell, EMC Mega merger.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss all things square and flat from Apple to Iowa, as well as potential 20%+ annual returns from Hutchinson Technology.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss ways to detect deception and analysis IBM's Q4 earnings call.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss a better way to buy Time Warner and a company who blamed Justin Bieber for their poor performance.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss different ways to take advantage of the recent sell off and Mr. Market's elevated fear levels.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss Fondul's large discount to NAV, what's happening with Akorn, and closed end funds in general
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss Berkshire Hathaway as it approaches Warren Buffett's 1.2x share repurchase level.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss Constant Contact's merger, a potential acquisition of Del Frisco's, and David Bowie's Bowie Bonds.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss the merger of Baxalta and Shire, and how to increase your odds of winning the lottery.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, ask if now is the time to panic given the rocky start in equity markets. Then they discuss why early rumors are so close to final deal prices.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss Kansas City Life after going dark, 3M "bullying" a tiny competitor, and an update on Donald Trump's Presidential chances.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth, discuss the best strategy for winning a stock picking competition, how to take advantage of the Christmas Hangover, and if investors should buy Disney on the heels of Star Wars’ box office success.
Rangeley Capital’s Portfolio Managers, Andrew Walker and Chris DeMuth Jr., talk about Valeant’s CEO medical leave, Constant Contact’s SEC subpoena, and the most interesting opportunities heading into 2016.
Rangeley Capital's portfolio managers, Chris DeMuth and Andrew Walker, discuss this month's fed meeting, the potential for an interest rate hike and where they are finding opportunities in a rising rate world.
Rangeley Capital's portfolio managers, Chris DeMuth and Andrew Walker, discuss Third Avenue Management's liquidity problems and the challenges facing the high yield bond market.
Rangeley Capital's portfolio managers, Chris DeMuth and Andrew Walker, discuss how dividend investors can avoid making big mistakes with Kinder Morgan (KMI).
Rangeley Capital’s portfolio managers, Chris DeMuth and Andrew Walker, discuss Malcolm Gladwell's 2009 article, How David Beats Goliath, and how the concepts can help investors find an edge in the capital markets.
Rangeley Capital’s portfolio managers, Chris DeMuth and Andrew Walker, discuss their top pick for Rangeley's Annual Best Investment Idea.
Rangeley Capital’s portfolio managers, Chris DeMuth and Andrew Walker, discuss where to find gold in Utah, how to protect against real world tail risks and where markets are being gluttonous this holiday season.
Rangeley Capital’s portfolio managers, Chris DeMuth and Andrew Walker, discuss licensing for professionals, and the challenges of investing in highly regulated industries.
Rangeley Capital’s portfolio managers, Chris DeMuth and Andrew Walker, discuss a senator’s day trading and a stock with a 105% dividend yield.
Rangeley Capital's portfolio managers, Chris DeMuth and Andrew Walker, discuss how to invest in mutual bank conversions and the possibility of a buyout of Ocean Shore.
Rangeley Capital's Portfolio Managers, Chris DeMuth Jr. and Andrew Walker, ponder if diamonds are forever and ask how to value something if it can't be bought or sold.
Rangeley Capital's Portfolio Managers, Chris DeMuth Jr. and Andrew Walker, discuss a hedge fund that will invest in anything, talk about Media General, and have a special Halloween themed question of the day.
Rangeley Capital's Portfolio Managers, Chris DeMuth Jr. and Andrew Walker, discuss Al Gore's Investment Partnership, the chances First Niagara bank is up for sale, and if Donald Trump could be our next President.