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Thursday, September 19, 2013

Meryl Witmer on CNBC

Meryl Witmer was on CNBC today sharing her view on the market as well as talking about being on the Berkshire board and sharing a stock pick in Phillips 66 (PSX).  Enjoy:

Stan Druckenmiller on CNBC

Stan Druckenmiller was on CNBC today sharing his opinion on the recent Fed moves.  He thinks that the punch bowl has remained full for far too long and that QE is doing a fantastic job subsidizing the rich while hurting the poor.  He thinks this is bullish for markets but really bad for the markets in the long-term.  This is similar to what he espoused on Bloomberg.  He thinks we are in extra-innings and time is running out.


Tuesday, September 17, 2013

Mick McGuire of Marcato Capital Management presentation on United Rentals (URI)

Mick McGuire the founder and managing partner of Marcato Capital Management presented at the Value Investing Congress today and gave a presentation on why he thinks United Rentals (URI) is undervalued.  His thesis basically boils down to a couple key points:
1. Cyclical trends are positive
2. Favorable capital structure
3. Only scaled player in the industry
4. Attractive valuation

He thinks that URI is worth $96.34 per share versus its recent price of $56 or an increase of 72%.


Kase Capital - K12 Short Thesis

Whitney Tilson presented today at the Value Investing Congress.  For his presentation he talked about why he is short K12 (LRN).  The presentation, which is embedded below, basically asserts that K12 is going to miss forward growth estimates and its grow at any cost mentality has harmed the students it tries to serve.  He thinks it will fall when it misses since its trading at nearly 50x trailing earnings.


Thursday, September 12, 2013

Stanley Druckenmiller on Bloomberg TV

Stanley Druckenmiller was recently on Bloomberg TV talking about the generational wealth divide and how the nation's elderly are stealing the future from the country's youth.  It is a lengthy interview but worth listening to.


Baker Street Capital Presentation on Sears Holding Company

Baker Street Capital recently came out with a detailed presentation on why they think Sears Holding (NASDAQ: SHLD) is undervalued.  They make the case that the real estate SHLD holds is being massively undervalued by the market.  They think Sears trades for around 1/3 of its breakup value.  There has been some controversy about whether or not the values used are accurate or inflated.  Either way, it is worth going through.


Carl Icahn Interview on CNBC

Carl Icahn was on CNBC the other day talking about his positions and how he sees the market.  He specifically mentioned that he was a big buyer of Apple (NASDAQ: AAPL) in the recent selloff.  Additionally he mentioned that his fund is up 30% YTD despite being "hedged".  That is quite impressive.  Enjoy.

Wednesday, September 4, 2013

Bruce Berkowitz on CNBC

Bruce Berkowitz was on CNBC earlier today talking about the Fairholme Fund's position in Fannie Mae.  He talked about what he thinks the government will do with the GSEs and how he is positioning to benefit from it.

He went on to talk about AIG and how it is now 50% of the fund.  He also went on to reiterate his bullish stance in Sears Holding.  Overall the interview was interesting but revealed nothing new to long-term Fairholme investors.


Sunday, September 1, 2013

Jeff Gundlach on CNBC

On Thursday Jeff Gundlach of DoubleLine Capital was on CNBC sharing his thoughts on the market.  Basically he thinks Russia will continue to outperform given the strong oil market and recent market bottom and the fact that Russia is not dependent on QE unlike other emerging markets.  Overall he is bullish on emerging markets but prefers being long on emerging market's are immune from QE effects.  He also reiterated his belief that Chipotle was overvalued.  He also thinks HLF could be a potential short based on the chart.