Seeking Alpha

poortorich

poortorich
Send Message
View as an RSS Feed
View poortorich's Comments BY TICKER:
Latest  |  Highest rated
  • Spin-Offs: The Best Way To Beat The Market Every Year [View article]
    Lou

    It depends on what the spin off is. But you are right. This can be quite rewarding.
    Oct 6 05:13 PM | Likes Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    Andrei

    So are you still short after the news of Ackman covering 40%.

    Here are my thoughts
    1) Buying puts is not cheap. They could expire worthless
    2) 60% is still a significant number. Eventually, HLF will trade based on its intrinsic value and the 60% will need to be covered
    3) Personally, I think buying the puts was a way for him to save face while covering
    4) There's gonna be some short bag holders here.
    Oct 3 01:11 AM | 1 Like Like |Link to Comment
  • The Good And Bad Of Dave Ramsey [View article]
    "If the rate of return on your (leveraged) investment is below the interest rate on your debt, than the "wonderful power of compounding" will work against you, lucky or not. "


    Considering that the interest rates right now are so low (2-3%), one should have no problem outcompounding one's debt.
    Oct 2 06:09 PM | Likes Like |Link to Comment
  • Blyth/CVSL Conference Call Update [View article]
    John

    Just for fun, I called my two brokerages, E-trade and Fidelity. Etrade has no shorts available to short. Fidelity has some shares, but the burrowing rate is 60%+. I agree with you, the 15 mark is an intermediate watershed point that is being watched very closely by traders.

    PTR
    Oct 2 02:37 PM | Likes Like |Link to Comment
  • Blyth/CVSL Conference Call Update [View article]
    Hi John

    I am enjoying this mini ride on BTH.
    Many thanks

    PTR
    Oct 1 01:31 PM | Likes Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    Andrei

    BTW, I read your bio on Wikipedia. You have a very interesting background. I enjoyed reading it.
    Oct 1 12:29 PM | Likes Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    Razor

    The power in HLF is not necessarily the product itself. It is the SERVICE that comes along with it.
    Oct 1 11:56 AM | 2 Likes Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    Andrei

    You should look up Stiritz. He is a self-made man who could not afford to finish his education at University of Arkansas. He net worth is probably close to a 1 billion dollars. He has approximately 30% of his net worth in HLF.

    Several things you should keep in mind about Stiritz
    1) he is a builder of companies. His track record suggests that he does not a trader but a long term investor
    2) he had 10 months to do his DD on HLF before jumping in big time.
    3) his track record speaks for itself. To my knowledge, he has never lost 90% or more on his investments.
    4) he knows this industry very very well. I love his statement when he said something like" Its my money against his investors' money. May the best analyst win". Gotta love his conviction
    5) Did you know he became a distributor of HLF?
    6 )I am surprised you don't know about Stiritz. He holds more than 5% of a company you are shorting.
    Oct 1 11:53 AM | 1 Like Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    Andrei
    Stock going to $10 or lower implies a catastrophic global intervention. You do realize the US only accounts for 20% of HLF's business. HLF going to $10 is inconsistent with your thesis. You said there is India and China.

    What do you think of Stiritz? Do you consider him smart money or a lemming?
    Oct 1 12:55 AM | Likes Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    @Andrei
    By the way, in order for HLF to go to 0, either #1 or #2 has to be 100%.
    Sep 30 08:33 PM | 1 Like Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    @Andrei

    Thanks for your numbers.
    Not sure how you hedged your positions, but any long term long would be very comfortable holding and perhaps doubling down on HLF with numbers like that.
    Sep 30 08:20 PM | Likes Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    Andrei
    Looks like you are good with numbers. Then can you put some probability numbers on these two events

    1) What is the probability that HLF collapses under its own weight in 10 years?

    2) What is the probability that the government COMPLETELY shuts down HLF within 10 years?
    Sep 30 07:18 PM | 1 Like Like |Link to Comment
  • Herbalife: An Ethical Short [View article]
    The price of HLF is near an all time and you probably thought it was a good time to short. You were probably hoping your article would help your short position.
    Really, nothing new here. If you've followed HLF from the begining, you would have realized you've presented nothing new.
    Sep 30 02:18 PM | 1 Like Like |Link to Comment
  • The Good And Bad Of Dave Ramsey [View article]
    In the age of the internet where information is at your fingertip, a motivated person who is interested in his/her financial health should have no problem acquiring most of all of the knowledge Ramsey possesses. It is mind boggling that some people spend more time shopping for a TV than on their finances.
    Sep 28 03:42 PM | 4 Likes Like |Link to Comment
  • What Buffett Believes But Cannot Prove [View article]
    "gained 1,011,674% in market value"
    The more relevant questions is what will be the gain from 2013-2060.
    Sep 28 01:39 AM | Likes Like |Link to Comment
COMMENTS STATS
2,196 Comments
4,992 Likes