Author Topic: Ask Packer - No Seriously, Ask Him Anything (AHA)!  (Read 266364 times)

NormR

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #560 on: November 11, 2017, 10:23:30 AM »
The Bonhoeffer Fund  (Sorry for the paywall.)


mhdousa

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #561 on: January 02, 2018, 08:20:36 AM »
Hey Packer -

Someone on Reddit is curious about your background (or at least the speculation is that this is about you)!
https://www.reddit.com/r/SecurityAnalysis/comments/7mhfze/how_to_dig_into_hedge_fund_managers_background/

-M

fareastwarriors

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #562 on: January 10, 2018, 04:19:01 PM »
Hi Packer,

What do you think about Entercom Communications and other radio stocks?


Packer16

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #563 on: January 17, 2018, 05:16:26 AM »
I still like the radio stocks.  The Entercom deal is good as long as the acquisition does not dilute the sports/news talk culture of their existing stations.  This will gain scale but in these firms you need to careful that you donít create syndicated vs. customized networks which hurt the model in the long term.  I still like TSQ & SALM for their tight communities.

Packer

Mondegreen

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #564 on: January 23, 2018, 04:23:12 PM »
Hi Packer,

Back to the topic of investing in South Korea again (sorry), are you aware of any reason not to open accounts directly with South Korean brokers?

I have found two with English websites so far and commissions seem very reasonable:

NH Investment & Securities
https://www.nhqv.com/eng/index.html

Samsung Securities
https://english.samsungpop.com/index.jsp

Am I missing something obvious?

Thanks very much for doing this,
Mondegreen

Packer16

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #565 on: January 27, 2018, 06:07:39 AM »
No reason you cannot.  The constraint I had was I was using IRA money that Korean firms could not facilitate.

Packer

Snorky

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #566 on: February 21, 2018, 08:42:01 AM »
Hey Packer,

i would like to know, how you determine how much something is worth to you ?!
I know that you cant precisely determine the intrinsic value of a business, its more a
range of value.

But lets say, how much you would pay for a business, that has FCF/Owners Earnings of 1000$ per year
during the rest of his life (no growth, but no decline also).

If you cant answer the question for yourself, what more and which Information do you Need for the answer?

Thanks a lot :)


LC

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #567 on: February 21, 2018, 11:02:39 AM »
You would need to know the interest rate and life expectancy
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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brk.b | cash

savant

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #568 on: February 24, 2018, 09:04:56 AM »
Hi Packer - given your significant and global exposure to the telecom / cable space I'm wondering if you have every looked at indian listed Tata Communications. Currently trades at 8x EBITDA post spin-off of its real estate assets.

~32% of the revenues comes from traditional voice business which has been declining and has a margin of 6% and the remaining from data business which has runs at EBITDA margins of 20-21% with revenue CAGR of 15% over the past 5 years.

Thanks

Packer16

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Re: Ask Packer - No Seriously, Ask Him Anything (AHA)!
« Reply #569 on: February 28, 2018, 05:37:39 AM »
In terms of what a business or security is worth to me, it is the same as it would be to others (except for some tax attributes) & thus the price.  The value of business is the cash flows it can return to me and thus the value is equal cash flow/discount rate.  The discount rate varies depending upon the variability of the cash flow.  If it is as consistent as a bond it can be the treasury rate and alot higher if it is uncertain,

I will take a look at Tata.  Thanks.

Packer