Buyside Notes

[...] ;s current market capitalization before consideration for the value of the Titanic assets. Buyside Notes: On an operating basis, PRXI shares are cheap. If you include the value of their [...]

[...] of nearly 30MM barrels of oil per day, 30% more than the world currently consumes. Source, Buyside Notes: https://www.dropbox.com/s/9ecag3qap82qze5/Oil%20Data.xlsx This point needs emphasis:& [...]

[...] spent $175MM less in 4Q13 than it did in 4Q12 and $109MM less in 1Q14 than 1Q13). Source: Buyside Notes What this table shows you is that after years of investment, the business is now at a level [...]

[...] A confluence of events means ideas from Buyside Notes are going to be few and far between over the next six weeks: I’m off to visit Company X (note  [...]

[...] credit card pre-loaded, making consumption frictionless. This is the future of television. TV networks will be next. In December 2012, Gary Brode of Silver Arrow Capital wrote a great report [...]

[...] / marketing data / advertising data) to provide intelligence on TV viewers. This data helps TV networks optimize their ad inventory and it helps advertisers and advertising agencies make better ad [...]

[...] REIT. But to industrial and manufacturing companies, Rayonier is the leading supplier of specialty cellulose, a product used in a wide variety of end market applications (cigarette filters, cosmetics, [...]

[...] network in over 60,000 stores, and created a Netflix-style subscription service in Gaiam TV which has 6,000 exclusive titles that consumers can either download through digital [...]

[...] cost / well, % of oil versus NGLs, etc). If the property is already producing, what is the enterprise value per flowing barrel? What price per flowing barrel did they pay to acquire the land? I’ve [...]

[...] ), which values the Company at $840MM. Take out the $20MM of surplus working capital and the enterprise value of RENT is $820MM. Let’s then assume the HE division fetches $20MM in a sale. That [...]

[...] any appreciation since 2009, but let’s use it. Now compare $110MM to the current enterprise value of the Company, which is $42MM. The difference between the value the market is assigning and [...]

[...] excel at solving. After this background, you might find yourself wondering why incumbent set-top box makers like Arris still have such large businesses today. The answer lies in their distribution. [...]

[...] , similar to a cascading waterfall. I believe the first victims of this trend will be the set-top box makers and their component suppliers. The cable set-top business is characterized by [...]

[...] . This brings me back to one of the key points in my “cord shaving” theme: set-top box makers are about to be disrupted. As Apple, Amazon, Google and others attack the television [...]

[...] practice across all industries. Served as President of McKesson Health Solutions, a business unit within MCK’s $3BN Technology Solutions segment. Past Board member on the National [...]

[...] living. The stats are compelling and speak to the already-respectable size of this business unit: Global offering with subscribers in over 100 countries. Over 6,000 exclusive videos [...]

[...] question the sustainability of the torrid growth of RENT’s TV Essentials business (the business unit that has recently gotten the sell side giddy): Let’s consider what today’s [...]

[...] , p 19: https://www.dropbox.com/s/rk8fxgepn1xx5hq/LTS%20May%202014.pdf It is now LTS’ biggest business unit by production and most significantly, turned into a positive cash flow generator for the [...]

[...] at a lower price point than LULU – that is a LULU shareholder’s worst nightmare. Gaiam TV Gaiam TV is a Netflix-like streaming video subscription business focused on holistic living. The [...]