BenHacker’s Activity

Mon Dec 15

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 2:40 PM

Re: Baupost

"Buying well below Seth prices has worked wonders in VSAT and Vivendi in the past years. However, maybe biotech is different?"

I owned this earlier this year during the spinoff confusion. Got out with a nice gain, and haven't [more]

Wed Dec 10

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 6:34 PM

Re: Help with Debt - CBI

Not gonna get a real quote on that paper unless you're super industrious but the big fat Term Loan looks unsecured and Pari Passu and seems to be trading money good at $98 with not many jumping jacks.

Thanks Roark.

Ben

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 4:24 PM

Re: Help with Debt - CBI

"Nothing on BBG or Reuters agrees with what you posted from the 10-k."

Looks like the notes were issued to Merrily Lynch and just held...

Curious if their risk dept is having them short common to reduce their [more]

NL

Boards Post

BenHacker posted to the Deranged Monkey Criticism board. 3:25 PM

Help with Debt - CBI

CBI looks interesting, and I'd like to know what credit markets are saying about the firm... I can't find price quotes for any debt though.

They have a term loan, and then they have the following (from 10-k) on their $800m of senior [more]

Wed Dec 3

NL

Boards Post

BenHacker replied to the Leucadia National Corp. board. 4:13 PM

Re: Luk Vs Brk, S&P over 10 years

Yeah, kind of amazing how much valuation shifts play into returns even over 10 year timeframes.

In 2004, LUK traded for 2-2.5x book. Now trades for 0.8x book.

Total returns (per Morningstar) have been 1.4% annualized, vs. 7.9% for [more]

Wed Nov 19

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 4:12 PM

Re: Handing Big Debt Companies

DTB, what you said is all correct IMO. I put "EBI(T?)" originally to designate that depending on what you are after, the T part shouldn't be left out.

In Martian's discussion, I think saying EV / EBI makes sense.

All this [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 2:38 PM

Re: Handing Big Debt Companies

Martian, maybe I'm not following this all very well, but to me the way to view this (Market Cap / EV / FCF / EBIDTA, etc) is fairly straight forward.

Debt matters, absolutely... but depending on the way you think about debt at a particular [more]

Wed Oct 29

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 5:32 PM

Re: amzn

Martian, just to commiserate with you (esp. since you always put your thoughts out there, and I feel I'm a very introspective person)...

I suck. I'm tired of it. Haven't you folks been in a similar situation?

I feel the same [more]

Mon Oct 27

NL

Boards Post

BenHacker replied to the Leucadia National Corp. board. 2:16 PM

Re: Jefferies Oct 9 2014 Investor Day

Manlobbi, good comments, I didn't read the presentation the same way, but I see what you are saying.

"they showed that Jefferies' revenue grew with a CAGR of 24.5% from
1990 to 2014. Why are they highlighting revenue growth
[more]

Fri Oct 17

NL

Boards Post

BenHacker replied to the Leucadia National Corp. board. 10:04 AM

Re: Open letter by Handler and Friedman

Hromay,

"The more I read about the new management the more I realice that they have an excellent track record and are very focussed on Jefferies.

The main problem is every time they talk they do it about Jefferies but not
[more]

Mon Oct 13

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 4:15 PM

Re: A Few Ideas

"Anyway, I've tinkled on MD, LUK, and now LINE in the stretch of a few days. My tank is empty."

Keep tinkling, these kinds of times (short dips at the end of long bulls) are when myopic value folks (can) get [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 3:08 PM

Re: A Few Ideas

ET, great points, and thanks for the discussion.

If I didn't purchase JEF when it traded as a separate entity, why do I want to purchase LUK now?

Perfectly rational. I for one, owned JEF prior the transaction in size, and I [more]

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 12:30 PM

Re: A Few Ideas

Thanks Naj.

Let me know if your thoughts change here... or if the breakdown happens.

Ben

Fri Oct 10

NL

Boards Post

BenHacker posted to the Deranged Monkey Criticism board. 8:47 PM

A Few Ideas

Leucadia (LUK)

Now trading for 80% of book. A chuck of goodwill does lie (in JEF sub) due to acquisition, so if depending on how you measure, could call is as much as 110% of book. Basic thesis that CEO is good, runway for growth at [more]

Wed Oct 8

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 12:31 PM

Re: ESL & Sears

yeah, this is getting ugly. SCC.T also has broken through the rights floor. SHOS is tanking. SHLD bonds are acting ok (I still own)... in a sense (holdco at $0.90, SRAC issues holding around ~$0.55).

Well, we will likely see the end game [more]

Thu Oct 2

NL

Boards Post

BenHacker replied to the Leucadia National Corp. board. 12:30 PM

Re: another FOOL dud

"It's all down to career risk. That's also why the Efficient Market Hypothesis is wrong (to a large degree).
Any professional investor who truly wants to beat the market by a substantial margin must be prepared to do something very
[more]

Tue Sep 30

NL

Boards Post

BenHacker replied to the Real Estate Inv. Trusts: REITs board. 7:25 PM

Re: REIT swoon . . .thank the ETF's

Bruce, I think there may be some confusion here:

"I agree with your first sentence,"I don't understand blaming ETFs for falling REIT prices." What you say about the selling in ETF's would seem to make sense in mutual funds, [more]

Mon Sep 22

NL

Boards Post

BenHacker replied to the Deranged Monkey Criticism board. 5:30 PM

Re: stalwart screen

"Reduced my equity exposure by 5% this am."

I thought the "by" was "to" when I first read this. !!! ;-)

Ben

CAPS Stats & Trivia

CAPS Player Rating 51.71
Player Rank 36249 out of 75070
Score -33.04
Score Change Today +4.27
Accuracy 50.00%
Active Picks 9
Total Picks 15
Best Pick FRFHF (+149.38)
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Average Score per Pick -2.20
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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1241
Recs Received 3431
People who have rec'd these posts 687
Recs to Posts Ratio (last 30 days) N/A
Threads Started 148
Threads Started Percentage 11.93 %
Most Frequent Board Deranged Monkey Criticism
Very First Post Sysco Corporation (SYY) (6/20/2003)
Percentage of Posts Rec'd 64.22 %
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