This is a ChatGPT-free Zone
I looked at HRG last year to see if there is an opportunity. Someone called this the next Berkshire Hathaway. I wrote about it here. With Falcone in the news a lot again, I thought it’s a good time to take another look at this thing. I will take a completely fresh look at this and…
So I understand that Biglari has pissed off a lot of people with renaming Steak N’ Shake to Biglari Holdings and his hedge fund-like compensation package, which is of course unheard of for publicy listed restaurant companies. To be sure, Warren Buffett doesn’t have anything like that, nor does the Tisch family or the folks…
Oaktree Capital Managment had their IPO recently (April 12?); the stock was offered at $43.00/share but is now trading at $39.41 (today’s close). The price range for the offering was $43-46 so it came it at the lower end, and the planned 10,295,841 share offering was reduced to 7,888,864 shares (excluding the shares sold by…
So I did something unusual and went to an annual meeting last week. I am usually not interested in annual meetings as they seem to be sort of love fests or promotional events and most of them seem to be rubber stamp events with no real substance. Of course, the glaring exception is the Berkshire…
JPM posted their 2011 annual report last night and as usual it’s a great read. It’s probably the best annual report written out there (other than Warren Buffett’s). I know a lot of people are skeptical of what corporate executives say. They say, “you actually believe what these CEOs tell you?!”. Good point. But what…
OK, so I took a closer look at the Singer operations in Bangladesh and Sri Lanka (this is a post-script to the Retail Holdings post). Sum of the parts is a good and fine, but if the underlying stocks are overvalued or trading at silly levels, then it doesn’t matter if something is trading at a…
Here’s an interesting ‘liquidation play’ I’ve had for a while (paid $10/share or so a while back) but still might look pretty interesting. Retail Holdings (ReHo/ RHDGF) is just a holding company that owns 56.2% of Singer Asia, which is just another holding company that holds shares in Singer Bangladesh, Singer Sri Lanka, Singer Pakistan,…
Goldman Sachs published a lengthy report recently saying that the stock market is a buying opportunity of a lifetime. Of course, the bears are out tearing apart the argument piece by piece. I’ve read the report and some of the very well articulated counter-arguments. First of all, some are laughing at Goldman Sachs’ report saying that it’s…
So I did mention that I bought BAC (Bank of America) LEAPs earlier this month. I am a big fan of financials at these prices but haven’t been the biggest fan of BAC. Goldman Sachs (GS), JP Morgan (JPM) and Wells Fargo (WFC) are much better managed, much solider firms and are very cheap (especially GS now…
I typed this up in late February and just found it as a ‘draft’ in my blogger. I thought I posted it already but didn’t. So here it is: So Buffett has a nice tutorial on investing in the most recent letter to shareholders (2011), available for free at the Berkshire Hathaway website. He says…