Posts In: Idea Exchange

Jayden Preston June 2, 2017 Idea Exchange

Under Armour (UA): A Peek at 2037

Overview   Under Armour (UA) was founded in 1995 by Kevin Plank, then special teams captain of the football team from University of Maryland. Frustrated by the increase in weight traditional cotton T-shirts incur after heavy sweating, Plank set out to develop T-shirts using better materials. After a year of fabric and product testing, he settled on a compressed synthetic shirt that can be worn beneath an athlete’s uniform. The product provides a snug fit, while wicking sweat away from the body and remaining light....

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Geoff Gannon May 26, 2017 Idea Exchange

Reflections on the Newsletter: Why Quan and Geoff Wrote Those 27 Stock Reports

Focused Compounding includes a “Library” with 27 stock reports. I co-wrote those stock reports with Quan Hoang between 2013 and 2016. Although Quan and I no longer work together, he agreed to put his thoughts on that experience in writing for our community members to read. I think reading Quan’s “Reflections” will help you put each of those 27 reports in better context.   Quan’s Reflections Geoff asked me to write a reflection on my experience writing The Avid Hog (a newsletter we later renamed...

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Geoff Gannon May 10, 2017 Idea Exchange

EBITDA and Gross Profits: Learn to Move Up the Income Statement

“In lieu of (earnings per share), Malone emphasized cash flow…and in the process, invented a new vocabulary…EBITDA in particular was a radically new concept, going further up the income statement than anyone had gone before to arrive at a pure definition of the cash generating ability of a business…” William Thorndike, “The Outsiders”   “I think that, every time you (see) the word EBITDA you should substitute the word bullshit earnings.” Charlie Munger   The acronym “EBITDA” stands for Earnings Before Interest, Taxes, Depreciation, and Amortization....

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