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Gino Verza

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  • TPG considered buying Herbalife, may take another look - NY Post [View news story]
    Years ago TPG made a huge investment in Washington Mutual when WaMu was in trouble. Subsequently WaMu had to be rescued by the regulators. Result: TPG lost $1.3 billion Dollars. Does TPG want a redo of the same playbook with HLF with the same disastrous results?
    Jan 24, 2015. 04:34 PM | 4 Likes Like |Link to Comment
  • An Open Letter To Mr. Bill Stiritz On Herbalife [View article]
    Great letter, Matt. If I was Mr. Stiriz I would appreciate your free investment advice, particularly as it impacts my legacy. Well done.
    Jan 9, 2015. 11:13 AM | 7 Likes Like |Link to Comment
  • Why Herbalife May Enter A Death Spiral Quickly [View article]
    Matt Stewart: "Sound investors know one thing. In the event of distress, focus shifts quickly from the Income Statement to the Balance Sheet. Herbalife's Balance Sheet is a mess."

    True, very true. Weaknesses in Business Model enabled by the capital markets took years and years to be unearthed (thank you Bill, thank you Matt, thank you Robert, thank you Quoth the Raven). Unsustainable activity is increasingly apparent in recent in Financial Results (and in financial engineering). Balance Sheet focus points to crisis-time for the providers of capital (and others), including lenders and equity holders.
    Jan 7, 2015. 02:27 PM | 3 Likes Like |Link to Comment
  • Why Herbalife May Enter A Death Spiral Quickly [View article]
    HLF Friend: "All I can say is thanks Bill for the opportunity to buy a GREAT company at such a cheap price."
    This is nothing yet, hold on to your thanks; wait until the price drops to a buck, then you can thank Bill in earnest.
    Jan 7, 2015. 11:26 AM | 10 Likes Like |Link to Comment
  • Ubiquitii -4.6% on bearish Goldman launch [View news story]
    Goldman's Kent Schofield has no credibility due to his track record discussed here and due to the outlandishly low target price of UBNT. I'd bet Schofield is not going to appear in any list of best performing analysts.
    Dec 20, 2014. 03:53 PM | 1 Like Like |Link to Comment
  • Ubiquiti: A Cutting Edge Networking Company In A Deep Value Screen [View article]
    Thank you for the article.
    A couple of comments. Not quite sure how the $36 price stock worth is arrived at. I happen to think that the stock intrinsic value is much higher.
    It would be great if the stock dropped to $27 or $28. I doubt it.
    Dec 17, 2014. 03:43 PM | Likes Like |Link to Comment
  • Expect American Software's Growth Problem To Continue [View article]
    Readers ought to take the implications of the article with a grain (or two) of salt. Specific metrics of AMWSA and competitors regarding “revenue growth” and “better solutions” are missing. Relevant investment value metrics, such as FCF and ROIC (and dividends), are also missing. FYE 4/13 revenues were 100.6 million vs. $85.6 million in FYE 4/11. In the least three fiscal years FCF/Revenues averaged about 11%; ROIC 51% (repeat 51%).
    In my opinion the conclusion is not actionable or helpful.
    Nov 20, 2014. 01:32 PM | Likes Like |Link to Comment
  • Avoid Ubiquiti Networks For Now [View article]
    First quarter results were lower than anticipated; guidance was also softer than expected. Nonetheless, Ubiquiti's model and investment thesis remain intact. The severe drop in the stock is way overdone in my opinion. It reminds me of the over-reaction to the inventory buildup in a previous quarter by way of a disproportionate drop in the price of the stock, which subsequently recovered. Likewise analysts in the conference call, for the most part, focused on inconsequential detail at the expense of substantive value matters. All this boils down to a current investment opportunity.
    Nov 18, 2014. 11:50 AM | 9 Likes Like |Link to Comment
  • Holy Spirit: Herbalife Director Wanted For Fraud [View article]
    Matt, Did you see (in HLF Directors' description) that Cardoso has a university degree in Applied Mathematics? Cardoso should be in a good position to understand the "real economics" of HLF's business model.
    Nov 15, 2014. 04:34 PM | 2 Likes Like |Link to Comment
  • Herbalife: Last One Out, Turn Off The Lights [View article]
    Say what?
    Nov 7, 2014. 08:57 PM | 8 Likes Like |Link to Comment
  • Tripling Your Money [View instapost]
    "Holistic services"?
    Nov 3, 2014. 12:40 AM | 2 Likes Like |Link to Comment
  • Drad up 3.9% after earnings beat [View news story]
    Please correct your figures. The company's numbers for quarter ended 9/30/14 show: Operating Income of $1,032,000; and Net Income $1,028,000.
    Oct 31, 2014. 07:55 PM | Likes Like |Link to Comment
  • Goldfield: Strong Backlog And Low EV/EBITDA [View article]
    Thank you Andrea.
    Oct 10, 2014. 12:09 AM | 2 Likes Like |Link to Comment
  • Ubiquiti -8.8%; Wunderlich cuts estimates on Russian concerns [View news story]
    Agree with Matthew regarding Wunderlich.
    Why the note now after Russia was acknowledged and discussed, and weakness built into guidance, time ago?
    Why the note while keeping $55 target price unchanged?
    Wunderlich is not credible.
    Sep 23, 2014. 11:26 AM | Likes Like |Link to Comment
  • Documents From Inside The Herbalife Cartel: How The Company Euthanized E-Tailers (Part 2 Of 2) [View article]
    Thank you, Matt.
    Sep 11, 2014. 12:19 PM | 3 Likes Like |Link to Comment