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Turner Novak

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  • Potash Economics And An Undervalued American Junior Potash Play [View article]
    If you google the title of a WSJ article and click on it from Google, it will load the article. http://bit.ly/11r3Ztz
    May 10 07:05 PM | 1 Like Like |Link to Comment
  • Insiders Opting In [View article]
    Openinsider is a good one - http://bit.ly/N7kz5p
    May 8 09:31 PM | Likes Like |Link to Comment
  • An Update On YRC Worldwide [View article]
    Thank you for putting YRC on people's radar!
    May 7 03:57 PM | Likes Like |Link to Comment
  • Yahoo's Recent Pullback Offers Investors A Great Entry Point [View article]
    Thanks, I appreciate it!
    Apr 25 12:01 AM | Likes Like |Link to Comment
  • Yahoo's Recent Pullback Offers Investors A Great Entry Point [View article]
    Thank you!
    Apr 24 07:21 PM | Likes Like |Link to Comment
  • Yahoo's Recent Pullback Offers Investors A Great Entry Point [View article]
    Thanks!
    Apr 24 07:21 PM | Likes Like |Link to Comment
  • Yahoo's Recent Pullback Offers Investors A Great Entry Point [View article]
    The conservative upside return of 4% is just in Yahoo's 24% stake in Alibaba. Yahoo's core company has a lot of room to grow, however I think it is too early to pinpoint exactly how that will happen.

    Changing a company is not easy. It is very difficult to come in and address all the problems and make improvements right from day one. You need to first address the source of the problem, which is exactly what has been done. Very few young engineers enter the workforce with a strong desire to work at Yahoo. As a result, the highly touted "A+" college graduates are going to companies like Google and Facebook, leaving Yahoo with the B's, C+'s, etc. As I stated in my investment thesis, Yahoo is committed to improve the talent of its employees. This will increase the quality of Yahoo's products because Yahoo's employees are the driving force behind the company's product development. With improved product offerings, more users will use Yahoo products. As Yahoo's user base expands, advertiser demand will increase, growing revenue and earnings.

    Once you get the right team assembled, you can start addressing some of the other problems facing the company. The first, and most important problem that is being solved, is that all the employees are leaving and no one new wants to come work at Yahoo. Mayer is addressing this first, because it is the most important and most vital to the long-term success of the company. Once the right team is in place, it is much easier to make the necessary changes for long-term success. Yahoo is in no way the perfect company, and probably does not have the most talented employees compared to some of its peers, however it has built momentum and I believe it will continue moving in the right direction.
    Apr 24 07:12 PM | Likes Like |Link to Comment
  • Yahoo's Recent Pullback Offers Investors A Great Entry Point [View article]
    In my opinion, the increase in the last 9 months has been mostly due to speculation that Yahoo will start to turn the corner due to all of the changes being made within the company. If these changes improve the bottom line, I think the run will continue. If not, we might start to see Yahoo return to previous patterns of trading sideways for a decade. In my opinion, I definitely still think this is still a great time to get in!
    Apr 24 08:23 AM | Likes Like |Link to Comment
  • Yahoo's Recent Pullback Offers Investors A Great Entry Point [View article]
    It had a significant drop when earnings came out, which is when I first wrote this. The submission process took a few days... any ideas on a new title?
    Apr 24 08:16 AM | Likes Like |Link to Comment
  • 6 Reasons Why I'm Bearish On Yahoo [View article]
    Okay, thanks!
    Apr 23 01:37 PM | Likes Like |Link to Comment
  • 6 Reasons Why I'm Bearish On Yahoo [View article]
    How do you know the tax rate will be 31.5%?
    Apr 22 10:45 PM | Likes Like |Link to Comment
  • Comparing Market Caps Of Some Of The Largest Companies [View article]
    Great summary at the end, really gives a high-level overview of what an investor should be looking for.
    Apr 22 10:44 PM | Likes Like |Link to Comment
  • 6 Reasons Why I'm Bearish On Yahoo [View article]
    Great insight on some of the downside of Yahoo.

    I am having trouble understanding the DCF, you have both green and red numbers that are in parenthesis. From what I understand, you are projecting Yahoo's FCF to consistently decrease by 16% for the next 20 years. Could you go into more detail on your calculations of $10.11 for the fair value per share?

    Thanks
    Apr 22 03:00 PM | Likes Like |Link to Comment
  • Tesla's Steve Jobs Trade [View article]
    I agree 100% that the leader of a business is its most important asset. You can value a company based on its past or expected future financial performance, however the expected future cash flows can change at any time. The one who is most influential to change those is the person in charge, and the employees he or she leads.
    Apr 22 12:46 PM | 2 Likes Like |Link to Comment
  • William Fouse: The Greatest Investor You've Never Heard Of [View article]
    Great article, definitely gonna read more about William Fouse!
    Apr 17 05:26 PM | Likes Like |Link to Comment
COMMENTS STATS
32 Comments
8 Likes