Gestalt Investor

Long/short equity, growth at reasonable price, long-term horizon, hedge fund manager
Gestalt Investor
Long/short equity, growth at reasonable price, long-term horizon, hedge fund manager
Contributor since: 2012
Company: Gestalt Investor
Thanks for your question. Working capital is a different concept than cash flow.
working capital = inventory + accounts receivables - accounts payable
In Fiesta's case, negative working capital is a good thing. It suggests they receive cash from customers before they pay their suppliers.
Thanks much, I agree, Tim Taft is a strong leader and a key reason Fiesta's future looks bright. I plan to ask management about succession planning at the investor conferences this month. Will update on here once I get incremental data.
Now that's a very innovative idea! The concept you propose would be disruptive.
"With short interest at 24%, shorting is costly, and there is always potential for a short squeeze in such a crowded trade. "
I fixed the typo, the key point absolutely remains: shorting the stock is expensive at this point.
Now that's a good brew! Well played, sir.
I agree, GMCR did mention but did not highlight international expansion. That would seem to be a more promising route.
Bill, as always, great on details, missing the big picture. 24% is still very high. Are you suggesting 32 Million shares short is low? All vendors have data errors from time to time; that's why it's important to link to sources.
Good writeup, haven't followed the story but it's worth some digging.
http://bit.ly/TeRfeK
Autos are worth a look, and certainly Toyota and GM are good for watchlist. Thanks for the article
http://bit.ly/TeRfeK
This is the type of well-run, ordinary companies that make interesting dividend plays. Brinker is worth a look
http://bit.ly/TeRfeK
With 10 year treasuries yielding 1.6%, it makes sense for the conservative investor to dial up the risk tolerance a tad and explore established, well-run dividend-paying companies. Microsoft has some manageable challenges moving to mobile, as do all tech companies. The healthy dividend, reasonable multiple and good moat make this an interesting company to consider.
http://bit.ly/TeRfeK
Good article, when 10 year Treasuries paid 6-8%, I did not have many dividend payers in my portfolio. Now with 10 year Treasuries yielding 1.6%, it's no small wonder that conservative investors took a look at dividend paying stocks.
All these macro worries -- Euro crisis, Fiscal Cliff will turn out to be a blip for investors in the long-term.
http://bit.ly/ZDBSSF
Good article, when 10 year Treasuries paid 6-8%, I did not have many dividend payers in my portfolio. Now with 10 year Treasuries yielding 1.6%, conservative investors have to enter riskier assets to meet the actuarial hurdle rate of 7% these days.
So it's no small wonder that conservative investors took a look at dividend paying stocks. I think you highlight one that merits some research.
All these macro worries -- Euro crisis, Fiscal Cliff will turn out to be a blip for investors in the long-term.
http://bit.ly/ZDBSSF
The 130/30 crowd relaxed the long-only constraint with mixed results. For many conservative retirees, buy and holding a blend of stocks and bonds is still the way to go. The key is not to get shaken out of the position from the lastest macro worry.
http://bit.ly/ZDBSSF
While everyone spends time on Apple, there are many hidden gems in small cap. Thanks for highlighting this- will do some homework on it.
http://bit.ly/ZkdypO
http://bit.ly/Zkf0IF
When shorting a strong company, it's important to have a clear catalyst. Many positive surprises are possible with Amazon's new product development particularly in the cloud space. Shorts with tight risk limits could feel some pain on this stock. The valuation is indeed rich, meaning one should conduct thorough diligence before purchasing.
http://bit.ly/ZkdypO
The counter-point is that, unlike 2000, stock valuations are currently far from nose-bleed so the vol on the Bernanke put would be fairly low.
When the market drops, accumulate shares of quality stock prices at a discount. Don't fret and worry; seize the opportunity.
Here's a good article
http://bit.ly/RP92eC
http://bit.ly/POmZMT
All these macro worries -- Euro crisis, Fiscal Cliff will turn out to be a blip for investors in the long-term.

http://bit.ly/RP92eC
http://bit.ly/POmZMT
Well, in the corporate world, when there is a budget shortfall, expenses must be cut. That is what happened on Wall Street in 2008. Politics aside, this is a problem decades in the making: defense and entitlement programs have been sacred cows for some time. So the cuts must occur, and the real question is whether the cuts will be orderly or not.
Austerity will soon come to the US- for years. The market will likely overreact to any recession catalyzed by government spending cuts. Be greedy when others are fearful.
http://bit.ly/RP92eC
http://bit.ly/POmZMT
Folks, the political reality is there is a reasonable chance we go over the fiscal cliff. There is just limited incentive for either side to budge at this point. Both sides believe their best alternative is to blame the other side for the talk breakdowns.
When the market drops, accumulate shares of quality stock prices at a discount. Don't fret and worry; seize the opportunity.
Here's a good article
http://bit.ly/RP92eC
http://bit.ly/POmZMT
Timing the market is hard to do, especially when you're trying to guess the outcome of a legislative staredown. During the market drop after the debt ceiling debacle, many individual investors sold their stock, only for the market to soar 20% from the lows. Fact is, there's always a macro headwind to worry the markets.
Fiscal cliff or not, the stock market has some attractive stocks.
Here's a good article
http://bit.ly/RP92eC
A year ago during the debt ceiling debacle, many individual investors sold their stock, only for the market to soar 20% from the lows. Fact is, there's always a macro headwind to worry the markets.
Fiscal cliff or not, the stock market has some attractive stocks.
Here's a couple good articles
http://bit.ly/RP92eC
http://bit.ly/UCAaw4
Folks, the political reality is there is a reasonable chance we go over the fiscal cliff. Both sides believe their best strategy is to blame the other side for the gridlock. When the market drops, accumulate shares of quality stock prices at a discount. Don't fret and worry; seize the opportunity.
Here's a good article
http://bit.ly/RP92eC
Folks, the political reality is there is a reasonable chance we go over the fiscal cliff. Both sides believe their BATNA is to blame the other side for the talk breakdowns. When the market drops, accumulate shares of quality stock prices at a discount. Don't fret and worry; seize the opportunity.
Here's a good article
http://bit.ly/RP92eC
Interesting piece. Your sample size (16 observations) is quite small, making statistical inference a challenge. In our view, the bottom line is: forget about the macro worries and focus on identifying quality companies that will survive the downturn and prosper on the recovery.
Fiscal cliff or not, the stock market has some attractive stocks.
Here's a good article
http://bit.ly/RP92eC
During the market drop after the debt ceiling debacle, many individual investors sold their stock, only for the market to soar 20% from the lows. Fact is, there's always a macro headwind to worry the markets.
Fiscal cliff or not, the stock market has some attractive stocks.
Here's a good article
http://bit.ly/RP92eC
Folks, the political reality is there is a reasonable change we go over the fiscal cliff. Both sides believe their BATNA is to blame the other side for the talk breakdowns. When the market drops, accumulate shares of quality stock prices at a discount. Don't fret and worry; seize the opportunity.
Here's a good article
http://bit.ly/RP92eC
Euro crisis, Fiscal Cliff will turn out to be a blip for investors in the long-term. Here's a good article
http://bit.ly/POmZMT
The market is forward-looking, but remember it tends to be near-sighted. Once a risk becomes unmistakable, it will tend to become (over)priced into the market. Agreed, the insurance premia on downturns (index options) appears quite reasonable at this time.
http://bit.ly/TeRfeK
We feel Google will likely profit substantially from mobile advertising. Additional thoughts are posted here:
http://bit.ly/Ph8GPo
This is a breath of fresh air-- invest for the long-term in a quality company at a reasonable price. With individual investors taking more active control of their investments, it's important to invest in strong, growing businesses. We have further thoughts here
http://bit.ly/TeRfeK
Euro crisis, Fiscal Cliff will turn out to be a blip for investors in the long-term. Here's a good article
http://bit.ly/POmZMT