BenHacker’s Activity

Wed Aug 6

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 3:02 PM

Re: Sold Much of my Moat

I think both CSD and SPE are interesting. I have debated SPE earlier, but there are a lot of fees in between you and the underlying so I'm not sure how it will work long term.

CSD is also interesting.

I have no great insights but [more]

Mon Aug 4

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 10:52 AM

Re: Poll: Where to move?

"Right now, who's the most disgraced former star PM? i don't think there is any debate.

You got me on this one. I have no idea. Ariel?


Or did you mean like SAC...


GC is talking about Hussman, but I [more]

Tue Jul 22

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 5:29 PM

Re: HLF

Glad you found it. ;-)

I have no view of HLF. Seems like a shady but legal business. I can think of 10 other businesses that are more predatory than HLF. I think Ackman is running for office, trying to get HLF to sue so he can force [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 4:35 PM

Re: HLF

Naj,

Did you listen to Chapman today on this?

I love this guy.

I got a summary of Ackman's pitch today, and I have to say, he seems desperate and maybe like he's lost his marbles...

You have a (strong) [more]

Thu Jul 17

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 10:39 AM

Re: Help! Wrap Fee Accounts and California

Thanks for the link Martian, and the explanation of your thinking.

This was the kind of stuff I was finding while doing my own work on this and I was confused about the concern for the added regulatory oversight in my case even though I kind [more]

Wed Jul 16

NL

Boards Post

BenHacker posted to the Deranged Monkey Criticism board. 6:15 PM

Help! Wrap Fee Accounts and California

Ok all RIAs, help needed!

I have a simple (I hope) question(s):

Background:

I charge a 1.00-1.25% annual fee to clients for separate account management. I rebated commissions to clients, so basically at the end of [more]

Fri Jul 11

NL

Boards Post

BenHacker replied to the Falling Knives board. 12:05 PM

Re: Falling CYNK

"...even reasonable short sellers who only sold 5% of their portfolio have a problem."

I think anyone who thinks shorting 5% of your portfolio in a valuation driven fraud short position is clearly insane and/or not a short [more]

Sat Jul 5

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 3:57 PM

Re: 20 years Topics

"... course, I still HATE the green and more green"

haha... you can't let it go. ;-) I'll do an April fools on you sometime and change the palette of my website...

-

On a related note, I just went through the [more]

Fri Jul 4

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 12:18 AM

Re: 20 years Topics

Congrats, amazing!

I have no insights on what to share... maybe recap what has changed about you / your approach, and what hasn't.

Use it as an emphasis to show you are in the for the long haul! :)

Talk about what you see [more]

Fri Jun 27

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 12:23 PM

Re: help the Martian - BerkHath invest calc

"why not, for example include the cash for the Railroads, Utilities, and Energy and why exclude the debt?"

I think this is implicitly saying (I've not heard him say this) that cash is excess, and debt is included / covered [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 12:20 PM

Re: help the Martian - BerkHath invest calc

Martian, this pretty much is the same discussion as well Price / FCF is used rather than EV / FCF.

The argument is that for the 2 column valuation, the "earnings" of the operating subs already includes the debt cost-to-carry, so [more]

Tue Jun 17

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 7:17 PM

Re: Lulu weak

"I'll bite - though I don't know how much value I'll bring to the conversation..."

Join in... I'm not fishing, or adding much value myself. ;-)

"A company trading at a P/E of 21.5 still needs to see earnings [more]

Fri Jun 13

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 6:26 PM

Re: Lulu weak

DTB,

"How do you distinguish, just looking at ROE? Isn't that the whole question? And in Lulu's case, detox period notwithstanding, I can't help wondering if the brand isn't still dynamite, a sort of collective suspension of [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 5:10 PM

Re: Lulu weak

DTB,

Thanks for the discussion:

"What I understand is that both ROE and P/E suffer from the same failing, E. If E has been unusually good in the last few years, then it will make both metrics look good, especially ROE if the [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 3:40 PM

Re: Lulu weak

"In other words, are you suggesting that the high ROE actually makes the P/E number suspect? I'm not getting it."

Bingo.

It's not that the "PE is suspect" it is that the ROE is a good guide to understand whether [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 3:11 PM

Re: Lulu weak

"How much would you pay for a 5 yr avg ROE of 32%, no debt, growing with internally generated cash, after a hiccup? Another 10% and I'd be tempted."

Beware DTB, that way lies dragons.

I think if LULU did 20% ROE [more]

Thu Jun 5

NL

Boards Post

BenHacker replied to the Berkshire Hathaway board. 4:46 PM

Re: OT: Merril Lynch account?

"Here is a link to the Barron's annual 'Top 100' list for specific individuals that you might consider, with their affiliations.

[more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 4:33 PM

Re: Amazing Story

Typo, "32,000" shares not 3200... would otherwise be a pretty slim retirement. :)

NL

Boards Post

BenHacker posted to the Deranged Monkey Criticism board. 4:30 PM

Amazing Story

So I met with a new client today. They had decided to go with me for a portion of their portfolio (we go way back as coworkers, but only realized recently that I was an RIA), and wanted to ask some questions and share their personal situation to make [more]

Tue Jun 3

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 5:19 PM

Re: High PE Distruptors

High PE firms and the WMT example from the blog is also interesting.

To me, market history + knowledge of how a DCF valuation works can be quite useful; the tidbits I have put together over the years yield the following:

1) A high [more]

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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1221
Recs Received 3341
People who have rec'd these posts 682
Recs to Posts Ratio (last 30 days) N/A
Threads Started 146
Threads Started Percentage 11.96 %
Most Frequent Board Deranged Monkey Criticism
Very First Post Sysco Corporation (SYY) (6/20/2003)
Percentage of Posts Rec'd 63.88 %
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