On Behind The Idea, Seeking Alpha editors Mike Taylor and Daniel Shvartsman take a closer look at an investment idea published on Seeking Alpha to see what makes for compelling investing analysis. We look at what’s happening with the underlying company, what the author’s case is, how well s/he made that case, and what we can learn from this investment story. We also bring on the authors, top investors, and industry analysts or experts to explore the case further. We hope the breakdowns and discussions are is both timely and evergreen, educational and entertaining for investors.
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We couldn't wait to get to our year-end review on Behind the Idea, so we're sharing it before your Thanksgiving week travel. It's our 100th episode, and the last episode of our Gone till November special series, a more introspective quartet of episodes. We also discuss on the podcast one other reason why we've released this early. Topics Covered
3:00 minute mark - The Alphies - categories
4:15 - Favorite guest
12:15 - Favorite story
27:00 - Most interesting idea
35:16 - Most surprising stock performance
41:15 - Least surprising stock performance
46:30 - Best performers
49:15 - Listener awards
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Behind The Idea #99: Why I'm A Bad Investor
mardi 19 novembre 2019 • Durée 01:00:10
Over the last two weeks, Mike and Daniel have pitched respective long ideas. This week, we looked backward at mistakes we've made in our investing careers. The theory goes that your investing mistakes also amount to your investing tuition, and that true wisdom is learning from others' mistakes, rather than your own. I can only hope there's something for you as listeners to learn from our mistakes, as broken down on today's podcast. The investments in question date to 2016 and 2017. Mike went long on Gilead Sciences (GILD) based on their scientific prowess and low multiple, and even as his thesis sailed on him with Gilead's acquisition of Kite Biopharma, he couldn't find the exit door. Daniel went long Uniti Group (UNIT), even having concerns about its failure to cover its dividend and what the huge yield portended, let alone the binary risk that was introduced into the stock. We hope there are lessons to be learned from our mistakes. Topics Covered
4:00 - Mike's bad choice - Gilead Sciences (GILD)
6:00 - What was compelling about GILD?
10:45 - At the time of purchase, did you have any concerns?
14:30 - How did the investment play out?
18:30 - When did you realize it wasn't working?
25:00 - What are the lessons learned?
28:00 - Daniel's bad choice - Uniti Group (UNIT)
29:30 - What was your thesis?
38:00 - Specific downside concerns
41:00 - When did you realize it wasn't going well?
55:30 - What lessons did you learn?
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The Investing Edge Trailer: Talking Scorpio Tankers' Opportunity And Netflix's Big Challenge
jeudi 26 septembre 2019 • Durée 09:05
This trailer previews our initial two shows on our newest podcast channel, The Investing Edge, from Value Investor's Edge Live hosted by J Mintzmyer, and The Razor's Edge, hosted by Daniel Shvartsman and Akram's Razor.
Our excerpt for Value Investor's Edge Live is from our first episode, where J Mintzmyer speaks with Robert Bugbee of Scorpio Tankers about the company's comfortable cash position and the pending catalyst of IMO 2020.
Our excerpt from The Razor's Edge is from the first episode, which covers Disney, Netlfix, and the streaming universe. Daniel Shvartsman asks Akram's Razor about whether Netflix can solve a budding challenge - too much content on the service.
The Investing Edge is a podcast channel on Seeking Alpha that features shows from different Seeking Alpha authors, with a focus on their unique investing style. Authors will speak with CEOs and industry experts, break down key market stories and topics, and share insights on how they research new investments.
The first two shows on The Investing Edge are:
Value Investor's Edge Live, hosted by J Mintzmyer of Value Investor's Edge. The show will feature J's conversations with publicly traded shipping company CEOs, sector experts, and fellow deep value investors about their companies and investing approaches.
The Razor's Edge, hosted by SA podcast host Daniel Shvartsman and Seeking Alpha author Akram's Razor of The Razor's Edge.
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Behind The Idea #4: Everybody's A Burrito Expert
lundi 19 février 2018 • Durée 42:02
Everybody's a burrito expert, which makes it a lot harder to have an edge. That makes investors susceptible to their own psychological biases. Behind The Idea looks at debut Seeking Alpha author Stephen Moseley's thesis on the market's overreaction to reports about Chipotle's food safety, and how our biases keep us from seeing the story straight: https://seekingalpha.com/article/4146340-chipotle-fact-checking-gray-area-reports. Learn more about your ad choices. Visit megaphone.fm/adchoices
Behind The Idea #3: Teva's Tribulations
mercredi 14 février 2018 • Durée 33:24
Teva Pharmaceuticals, the Israeli generic pharmaceutical giant, has fallen on hard times recently. But does that mean they actually have the government over a barrel? Seeking Alpha's Behind The Idea looks at Christiana Friedman's case for why Teva is a heads you win tails you don't win investment. https://seekingalpha.com/article/4134268-whether-restructures-gets-acquired-teva-buy Learn more about your ad choices. Visit megaphone.fm/adchoices
Behind The Idea #2: Papa Don't Preach
mardi 30 janvier 2018 • Durée 34:39
John Schnatter, the eponymous Chairman of Papa John's, stepped into the political quagmire of NFL players kneeling during the National Anthem, and subsequently stepped down from the CEO role. An opportunity for investors? Seeking Alpha's Behind the Idea looks at Akram's Razor's case for Papa John's to go private - https://seekingalpha.com/article/4139703-papa-johns-time-order-takeout. Learn more about your ad choices. Visit megaphone.fm/adchoices
Behind The Idea #1: WATT's Electrifying News
vendredi 26 janvier 2018 • Durée 37:14
Seeking Alpha editors Mike Taylor and Daniel Shvartsman go behind the idea to discuss Amit Ghate's thesis on controversial tech company Energous(WATT). The small tech company announced big news - FCC approval for one of their technological designs - shortly before the end of 2017 and the stock's price more than tripled overnight. Amit Ghate argued that the company was playing investors in his article: https://seekingalpha.com/article/4135027-energous-succeeds-stock-market-game. We look at how hype manifests Learn more about your ad choices. Visit megaphone.fm/adchoices
Behind The Idea #90: Bluegreen's Attractive Location
mardi 24 septembre 2019 • Durée 33:29
Safety in Value, a Seeking Alpha Marketplace author, joins us to discuss his Bluegreen Vacations thesis. He likes the stock as it trades below its previous deal price, and likes the underlying business as well. We discuss those elements, the risks to parent company BBX Capital's bid, and, because we couldn't resist, how this fits into Joel Greenblatt's investing philosophy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Behind The Idea #89: You Can Be A Stock Market Genius, Pt. 4
mardi 17 septembre 2019 • Durée 38:13
Through three episodes to this point on Joel Greenblatt's You Can Be A Stock Market Genius, Mike and I have discussed what we like about his famous special situation investing strategies, and what doesn't work. We've also shared our enthusiasm for the light touch he applies to his writing, and the way he doesn't appear to take himself too seriously. Chapters 7 and 8 bring that feeling home. Chapter 7 because it shares how Greenblatt advises his readers to do the actual research, and one component is to borrow ideas from other investors. It's an obvious concept when you think about it, but it also suggests a touch of humility that plays out throughout the book. We look at Greenblatt's sources and favorite books to understand the rest of the book better. Then, Chapter 8 is the shortest chapter, and it underlines Greenblatt's entire philosophy as I understand it. Basically, investing and growing your money can give you time and options later on. When active vs. passive remains a hotly contested topic, and when nobody is satisfied with even a 10+ year bull market, it's worth remembering that you should invest if you enjoy it, and the goal is to buy you time to do the things you want to do with the people you want to do them with, and nothing more or less. We discuss the philosophy and the minutiae on our concluding episode about Greenblatt's book. Topics Covered 3:40 minute mark - The highlights of Chapter 7 8:40 - Coattail riding in today's market 18:40 - Thoughts about sources listed in the book and their relevance 22 years later. 21:00 - Reviewing Greenblatt's favorite books 27:00 - The philosophy: money is time. Do we buy? 35:30 - Final dad jokes and notes from the book.
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Behind The Idea # 88: Signing Up For The Gym Group With Jorge Robles (Bonus Episode)
vendredi 13 septembre 2019 • Durée 34:37
Investors looking for value stock investing opportunities with catalysts ahead will be interested in Jorge Robles' perspective on UK low-cost gym operator Gym Group. The company has a reasonable competitive position, a misunderstood path to profitability, and an attractive free cash flow yield. Mike and Jorge explore the catalysts to realize the stock's value, competition within the industry, the impact of private equity ownership on companies, and the role Brexit might play in weightlifter behavior. Learn more about your ad choices. Visit megaphone.fm/adchoices