EightTrack4

John Jacob Jingleheimerschmidt

EightTrack4’s Activity

Wed Oct 25

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 6:54 PM

Re: BX to double AUM in 5 years?

The big question to me is what will the fee mix look like and what will the cost structure look like. Will the fee mix be comparable to today; better; worse? Also, will their be economies of scale - i.e., lower SG&A as a percentage? Given the [more]

Sun Oct 22

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 10:03 PM

Re: BX kicks off Alt earning season in style

This quarter had good results itself, but I am more impressed with the number of forward initiatives. Retail distribution, Harvest acquisition (mid-single digits of DE), infrastructure, looking to build permanent capital/insurance. [more]

Wed Oct 18

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 1:15 PM

Re: Not that insightful thoughts: Citi, GE and Ares

I just noticed that OEBR changed his name again. Maybe I will take to ET's method and stick with one of his names. I am getting used to typing OEBR.

I should really just refer to him as formerly Greenmartian or fGM for short. [more]

Mon Oct 9

NL

Boards Post

EightTrack4 posted to the Stereo 8 board. 11:21 PM

FRE: As the Multiple Turns

The Bank of America/Merrill Lynch team recently published a report questioning whether FRE multiples used in "sum of parts" calculations for the alternative asset managers are too low. Although a higher FRE multiple would benefit a number [more]

Thu Oct 5

NL

Boards Post

EightTrack4 replied to the Last RoundUp board. 12:43 PM

Re: i am not an idiot

I do have a question and would appreciate feedback
if you knew I had done this for 25 years
seem to know what I'm doing
and having trouble finding ideas

how much would you have put in this stock based on the tone of the
[more]

Fri Sep 29

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 4:02 PM

Re: VIC Write-ups - APO and Entercom

Now, some of the other factors are a big deal to me. For example, the stickiness of capital is important. Permanent capital is much better than that with no lock-up and, I think, deserves a nice premium.

I think it's a decent [more]

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 1:01 PM

Re: ET Twitter and my favorite bad investing say

Now, how would an investor reconcile that with, don't double down on losing positions?

Solution: Ride the bull; kick the bear.

ET

Mon Sep 25

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 11:05 PM

Re: Alt Leaders and Laggards in 2017

Very good thoughts. How do you deal with holding large cash in a bull market, assuming you hold any cash.

I am happy to share my approach but please note that there are some unusual circumstances that may make my example unhelpful [more]

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 6:43 PM

Re: Alt Leaders and Laggards in 2017

- let's just say you find these intimidating after a period of study but can understand the broader appeal - would you consider, at least consider, a DCA program in these things? Esp in a diversified portfolio of sorts where 3% might be a [more]

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 10:03 AM

Re: Alt Leaders and Laggards in 2017

YTD stock price returns (distributions not included):

APO - 57.77%
CG - 50.64%
KKR - 24.64%
OAK - 21.07%
BX - 17.96%
ARES - (4.56)%


OAK put in a punk performance in 2016 and closed the year out at 37.50 [more]

Mon Sep 18

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 4:02 PM

Re: Stocks I'm reviewing

Another name you might want to examine (which I own - fair warning) is The Singing Machine Company. SMDM is a microcap that offers a line of karaoke machines aimed at kids and families. They're just starting to expand into sing-a-long toys. [more]

NL

Boards Post

EightTrack4 posted to the Stereo 8 board. 3:58 PM

IPOs of Private Equity Firms are Dead

http://boards.fool.com/Post.aspx?mid=32834288&reply=fals...

Instead of pursuing the IPO path, a bevy of their smaller rivals are fetching similar or better [more]

Wed Sep 6

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 5:47 PM

Re: Brain drain from top alt managers?

Apparently Leon Black et al take a big a cut of the profit pool....

Not Leon!

The article is misleading. Two of the examples are Apollo alumni.

Although it is true that the KKR founders and to a lesser extent Steve [more]

Sat Aug 26

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 7:39 PM

Re: OAK & SEC & ANI

The fee income and Doubline distributions, which is growing so far, are relatively stable, and should cover about $2 distributions? The rest of the distributions as a variable component and depends on investment income, and incentive income? [more]

Fri Aug 25

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 11:29 PM

Re: OAK & SEC & ANI

Is the dividend increase one time? The dividend seems to be changing each quarter. What is their philosophy on dividends?

OAK and other alternative asset managers discussed on this board are K-1 generating partnerships. [more]

Thu Aug 24

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 1:48 PM

Re: OAK & SEC & ANI

not sure if drop today is related - if true, dumb reason for...

I'm not sure it's the reason either. Maybe there's a downgrade from an analyst in the works.

ET

NL

Boards Post

EightTrack4 posted to the Stereo 8 board. 10:21 AM

OAK & SEC & ANI

https://www.sec.gov/Archives/edgar/data/1403528/000000000017...

Poor Oaktree gets the SEC treatment for their ANI non-GAAP figures. Should have [more]

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 10:12 AM

Re: Stocks I'm reviewing

really, really surprised it worked this quickly
in terms of higher operating margins - even at FDO
net debt is coming down fast too


Operating income for FDO segment very weak in the previous quarter but much stronger in [more]

Sat Aug 19

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 9:38 AM

Re: Interactive Brokers Stock Yield Enhancement

If the stock you are lending pays a dividend you will receive a "cash payment in lieu of dividend" instead of a dividend. The tax rate for this payment is your ordinary income tax rate instead of the dividend tax rate.

ET

Fri Aug 18

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Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 2683
Recs Received 10582
People who have rec'd these posts 1169
Recs to Posts Ratio (last 30 days) 3.90
Threads Started 309
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Most Frequent Board Liquid Lounge
Very First Post Only fear is AXA itself... (2/5/2001)
Percentage of Posts Rec'd 82.67 %
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