DTBoojum

John Q Smith

DTBoojum’s Activity

Today

NL

Boards Post

DTBoojum replied to the Value Hounds board. 3 hours ago

Re: Two Ideas

Doesn't that make their payout ratio 1.52/1.45 = 104%? I've never calculated a payout ratio before right now, so it's likely I am doing something wrong.


Looks right to me. Last year they had net income of 499, d/a 249, capex 260, [more]

Yesterday

NL

Boards Post

DTBoojum replied to the Value Hounds board. 2:47 PM

Re: LL anyone?

The lesser issue is the formaldehyde contamination. The real issue (for investors) is how Lumber Liquidators handles the case. What the company needs is good PR and a really good defense. If I were to take an interest I would follow the news [more]

NL

Boards Post

DTBoojum replied to the Value Hounds board. 11:11 AM

Re: LL anyone?

Down quite from highs and under short attack and 60 min report. Seems over blown but i have not followed them at all.


How can you tell if it's overblown if you haven't followed them at all?

If they were trading at 5x TTM [more]

Tue Mar 3

NL

Boards Post

DTBoojum posted to the Berkshire Hathaway board. 10:36 PM

Buffett's Two Columns

In our 2010 annual report, however, we laid out the three elements – one of them qualitative – that we believe are the keys to a sensible estimate of Berkshire’s intrinsic value. That discussion is reproduced in full on pages 123-124.
Here is
[more]

NL

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DTBoojum replied to the Berkshire Hathaway board. 3:36 PM

Re: 2 small acquisitions

Bingo! thanks, dtb

NL

Boards Post

DTBoojum posted to the Berkshire Hathaway board. 2:55 PM

2 small acquisitions

I therefore think it’s worthwhile for Todd Combs and Ted Weschler, our two
investment managers, to each have oversight of at least one of our businesses. A sensible opportunity for
them to do so opened up a few months ago when we agreed
[more]

Mon Mar 2

NL

Boards Post

DTBoojum replied to the Berkshire Hathaway board. 12:08 PM

Re: Wow, WEB ripped David Winters on CNBC

Maybe he cuts the non-financial "operating company" CEOs like Barra and Rometty more slack because they are not his competitors. But then what to make of his criticism of BNSF (by extension, Abel) while Munger names Abel as a potential [more]

NL

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DTBoojum replied to the Berkshire Hathaway board. 11:25 AM

Re: Wow, WEB ripped David Winters on CNBC

OK, made me watch.

Ouch indeed. Nice to see a little meanness reach Buffett's surface once in a while, when it's justified. Winters' underperforming mutual fund, with its 1.5% management fees, just became a glass house with a lot of people [more]

NL

Boards Post

DTBoojum replied to the Value Hounds board. 10:30 AM

Re: NPK dividends again

I sold all of my shares on Tuesday (no divi for me). I may buy them back but I won't even consider it till summer or, possibly, on the day that the next special divi is announced, assuming it's adequately large. Load up on the shares then and sell [more]

Fri Feb 27

NL

Boards Post

DTBoojum replied to the Berkshire Hathaway board. 3:03 PM

Re: OT: BBRY / talk me off the ledge

Irving Kahn's 3% position in BBRY is fascinating to me.

Prem Watsa's 33% position is mind boggling.

When a gentlemen of Mr. Kah's experience and track record stakes a position like that, the 'jockey' in me wants to look
[more]

Thu Feb 26

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 6:44 PM

Re: latest stalwart Screen

Sad that the 'TA is voodoo nonsense' crowd won't even admit when the real-time calls they asked for turned out to be 100% correct.

I don't expect them to admit they were wrong, that's too much to ask online. But you'd think a 21% return
[more]

NL

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DTBoojum replied to the Value Hounds board. 3:25 PM

Re: Ethyl's slide into the oily vortex of doom

pretend that I am CEO of Potash Corp. Now Potash Corps bread and butter is of course potash, but they do also nitrogen and phosphate production too. Nitrogen for POT is the real laggard and much of it stems from their Trinidad operations or lack [more]

Wed Feb 25

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 6:09 PM

Re: Fide Grand Prix

whoops, my bad. The OT started with K+B+B+N vs K+R, so knight's comment made perfect sense. It is sw who brought up K+B+N+N vs K+R, a different question.

dtb

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 6:05 PM

Re: Fide Grand Prix

K+B+N vs K is - in theory - winnable. So sacrificing rook for a B is not a good move for the white.


Huh? Sacrificing the rook for a B takes you from K+B+N+N vs K+R to K+N+N vs K (no forced mate), not K+B+N vs K.

dtb

NL

Boards Post

DTBoojum replied to the Falling Knives board. 3:12 PM

Re: Falling Two by Four

During Q&A on today's earnings call, when asked further about the"60 Minutes" piece, LL management noted that they've been dealing with these same type of allegations for a few years now going back to 2013; they said they are a [more]

NL

Boards Post

DTBoojum replied to the Deranged Monkey Criticism board. 8:22 AM

Re: Way OT: Magic (MTG) Card Prices


Anyway, if you read this far I'm sorry. There was really no point. Just mostly stunned that this thing I thought had died has grown into a strange beast.


Doesn't matter - great story !

Tue Feb 24

NL

Boards Post

DTBoojum replied to the Value Hounds board. 3:55 PM

Re: NPK dividends again

Is there no capital gains tax if you sell?

I wish there were some share price gains to pay tax on, but no.

NL

Boards Post

DTBoojum replied to the Value Hounds board. 3:50 PM

Re: NPK dividends again

Since you seem to like dividends, NPK is a pretty great dividend payer. Share price has been pretty stagnant in the last few years, but earnings are ok, and they pay out more or less all their earnings, except for the occasional acquisition which [more]

NL

Boards Post

DTBoojum posted to the Value Hounds board. 2:59 PM

NPK dividends again

As usual, National Presto is issuing their annual $1 dividend, and as usual, they are paying out about 100% of their earnings by adding on a $3.05 special dividend, with a record date of March 2.

And as usual, the share price seems to be [more]

NL

Boards Post

DTBoojum replied to the Apple board. 10:54 AM

Re: Closing today:

Usually there's some reason for it (especially if it's out of step with the regular market movement for the day). It may not always be an important reason (some random analyst upgrading the stock, for instance), but there's usually some sort of [more]

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