EightTrack4

John Jacob Jingleheimerschmidt

EightTrack4’s Activity

Today

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 4 hours ago

Re: IPO pricing

I missed the best prices on the alt managers, and everything else, this week. I did add some APO and BX near IPO prices.

I'm taking a short break from my short break.

Congrats on your purchases. I also added some APO and BX [more]

Sat Aug 22

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 10:55 AM

Re: Macro

I welcome a market price correction so long as it is not accompanied by a recession. I wouldn't put a lot of weight into macro forecasts, including my own, but I don't see recession type dark clouds for the US here.

In moments like [more]

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Boards Post

EightTrack4 replied to the Stereo 8 board. 9:48 AM

Re: Asset Bloat - OAK

Seems like Howard Marks has discussed this a good bit. Interestingly, some advantage seems to have persisted for a long time now.

Indeed. I believe there is a substantial advantage gained from Oaktree's A/B fund system for their [more]

Fri Aug 21

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Boards Post

EightTrack4 replied to the Stereo 8 board. 11:30 PM

Re: Asset Bloat - OAK

As I mentioned, ET is the expert on these. If he agrees/disagrees with the above, hopefully he will chime in.

This is a free discussion board not a life-and-death brain trauma center so expertise, credentials, fancy offices, [more]

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EightTrack4 replied to the Stereo 8 board. 3:04 PM

Re: Asset Bloat - OAK

thoughts? Not looking for a long explanation, but in the old world of funds and institutional accounts it was a rare company indeed who had this sort of AUM growth paired with continued excellence. And I do realize they sit on the funds until [more]

Wed Aug 19

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Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 12:01 PM

Re: Preposterous Fact

I dunno, you could just as well say the gods of capitalism once in a while decide that capitalism SHOULD work, and that only companies with some kind of return on capital are allowed to survive.

I agree with your point in general [more]

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EightTrack4 replied to the Deranged Monkey Criticism board. 10:14 AM

Re: Preposterous Fact

If you transported yourself back into summer of 2000 and were willing to invest in these auto parts retailers at a price that would have generated the identical 4.2% forthcoming CAGR of the S&P over the subsequent fifteen years, you could [more]

Tue Aug 18

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Boards Post

EightTrack4 replied to the Last RoundUp board. 8:58 PM

Re: Today's trades

*added to BIOYF (RX-v). One product pharma company for the most part. Spec position. Down more than 40% this year.

I should receive the Biosyent Loyal Shareholder Award of the Year for 2015.

Hopefully Repagyn, a product [more]

NL

Boards Post

EightTrack4 replied to the Stereo 8 board. 8:45 PM

Re: ETM

I was going to mention that Morningstar just upgraded APO to a 5 star stock. I think Morningstar was already the most bullish on APO pre-upgrade.

At the same time M* lowered its fair value from $42 to $35. They started the year at [more]

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Boards Post

EightTrack4 replied to the Stereo 8 board. 3:37 PM

Re: ETM

Entercom (ETM) is an owner of a number of radio stations. Right now, it is a catalyst story. Let me count the catalysts: (1) recently completed the acquisition of Lincoln Financial Media (LFM) - management thinks there is some possibility for [more]

Sun Aug 16

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Boards Post

EightTrack4 replied to the Stereo 8 board. 8:25 PM

Re: ETM

Really a fabulous post GnV.

I think you hit all the salient issues concerning Entercom. I admit to a small position (purchased at a modestly higher price than today's quotation). What to do, what to do?

Because of substantial [more]

Fri Aug 14

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Boards Post

EightTrack4 replied to the Stereo 8 board. 11:22 PM

Re: KKR and Samson

KKR is down about 7% after hours.

I don't normally put too much stock into after market trades. Especially for an investment that was substantially marked down and whose bonds were trading at perilous levels. This was a loud hound [more]

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EightTrack4 replied to the Stereo 8 board. 11:02 PM

Re: Pershing Square Quarterly Call

As a side note, why would anyone expect Warren Buffett to say that he paid anything but a high price for PCP? He can't come out and say he stole the company.

Completely agree with your assertion. BTW, some have compared PCP to [more]

Thu Aug 6

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Boards Post

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

Re: MKL, IEP, KW

I have a loose eye on IEP. I think NAV is about $64/share. I would take a closer look at 1.1 NAV (about $70).

I cut IEP and Carl loose at the beginning of the energy carnage, figuring that their portfolio of stocks and businesses [more]

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EightTrack4 replied to the Stereo 8 board. 7:05 PM

Re: APO acquisition

I can't find anything about Sanford Bernstein calling APO in particular a melting ice-cube. Is it just that SB is famous for using the term or do they have some negative coverage that might be worth reviewing?

The SCB analyst [more]

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Boards Post

EightTrack4 replied to the Stereo 8 board. 4:34 PM

Re: APO acquisition

This seems ok to me, but APO continues to decline. It's not far from its IPO price of $19. I feel like maybe I'm missing something obvious, but I don't know what it could be...

Not exactly fair to compare current price to IPO given [more]

Tue Aug 4

NL

Boards Post

EightTrack4 replied to the Falling Knives board. 11:26 AM

Re: MCEP

However, it does still seem quite cheap if you don't think oil will be well below $50 for long and it should be one of the last few standing ones even if oil does stay that cheap. (Of course, if you believe that oil will be below $40-45 for the [more]

Thu Jul 30

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Boards Post

EightTrack4 replied to the Deranged Monkey Criticism board. 2:07 PM

Re: the NFL system of Justice

I don't know of anybody in their right mind who would allow their employer to check their cell-phone. I can't even imagine such a thing.

At the risk of starting a NFL-NFLPA fight, I think one possible answer to your question is, [more]

NL

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EightTrack4 replied to the Deranged Monkey Criticism board. 12:53 PM

Re: A Few Ideas

Spectacularly wrong. How wrong? the company is talking about they are able to buyback their debt at 65c on the dollar. The bond market is not sure they will get their principle back and willing to take 35% discount on their capital that wrong. [more]

NL

Boards Post

EightTrack4 posted to the Stereo 8 board. 9:46 AM

Higher Taxes for PE

It looks like the IRS is going to finally take away one of the avenues alternative managers utilize to minimize taxes. This may affect the taxation rate of alt manager issued K-1 income.

[more]

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Big red star, 1000 posts Old School Fool
Board Posts 2270
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Recs to Posts Ratio (last 30 days) 3.30
Threads Started 266
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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 82.73 %
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