Jayden Preston

Jayden Preston commented on the post, Highly Cash Generative Aquarium Operator 4 years, 7 months ago

Hey Miguel,

Thanks for the write-up. A very high level question: Why have earnings and operating cash flows declined in the past few years?

Thanks.

Jayden Preston commented on the post, Points International (PCOM): A 10%+ Growth Business That’s 100% Funded by the Float from Simultaneously Buying and Selling Airline Miles 4 years, 11 months ago

Could they be doing this for the guarantee they can get from Point?

Jayden Preston commented on the post, Stella-Jones: Long-Term Contracts Selling Utility Poles and Railroad Ties Add Up to A Predictable, Consistent Compounder that Unfortunately Has to Use Debt to Beat the Market 4 years, 11 months ago

Hey Geoff, this is Jayden. How did you come up with the 3x EBITDA being the acceptable level for net debt?

Jayden Preston wrote a new post 5 years ago

Qurate Retail Prelude This is the year 2019. And shopping has never been easier. Browse for a product on Amazon, and tens of thousands of options show up; with just one click, your chosen product will be by yo […]

Jayden Preston commented on the post, Vulcan International (VULC): A Dark, Illiquid Company Planning to Liquidate its Portfolio of Bank Stocks and Dissolve 6 years, 1 month ago

What if the price of those two stocks drop further? Don’t you find it necessary to study PNC and US Bankcorp? Do you need to maybe hedge against them?

Jayden Preston commented on the post, DHI Group (NYSE: DHX) 6 years, 1 month ago

Thank you for sharing with us this idea. But may I ask why is it not interesting enough for you to have a position?

Jayden Preston commented on the post, Geoff's SEC Filing Notes for: Resideo (a Planned Honeywell Spin-off) 6 years, 1 month ago

Definitely very interested in seeing your notes. Thanks Geoff

Jayden Preston commented on the post, Box (BOX): Negative Earnings and Free Cash Flow Disguise Beautiful Customer Economics 6 years, 5 months ago

Hi Trey,
Sorry for the late reply.
Certainly. I have found it difficult as well.

I wouldn’t say it’s necessarily a misalignment between management and shareholders though. For instance, while Aaron Levie onl […]

Jayden Preston commented on the post, Pandora A/S (CPH: PNDORA) 6 years, 5 months ago

I’m glad to announce the quality of write-ups on Focused Compounding keeps going up!

Jayden Preston commented on the post, Box (BOX): Negative Earnings and Free Cash Flow Disguise Beautiful Customer Economics 6 years, 6 months ago

Thank you Trey for your comment.

You are absolutely correct. I should have mentioned the share dilution. The dilution was 5% in the past 2 years. As growth slows gradually, the level of dilution is likely to […]

Jayden Preston commented on the post, Entercom Communcations (ETM): The Second Largest Radio Station Owner in the U.S. Trades at a Lower EV/EBITDA Than its Debt Laden Peers 6 years, 6 months ago

Thanks Vetle.

I see the licenses are not being amortized. Is this because the licenses do not expire?

Jayden Preston commented on the post, Entercom Communcations (ETM): The Second Largest Radio Station Owner in the U.S. Trades at a Lower EV/EBITDA Than its Debt Laden Peers 6 years, 6 months ago

Thank you for the write-up Vetle!
Could anyone brief us on how does the broadcasting licensing for radio work? (Price, duration and etc…)
And what would you guys estimate the ROIC of the company be?
Thanks everyone!

Jayden Preston commented on the post, AutoNation (AN): A Cheap Cannibal with Minimal Downside 6 years, 6 months ago

Thank you for the fantastic write-up!

Jayden Preston commented on the post, National Cinemedia (NCMI) 6 years, 7 months ago

Thank you so the very interesting initial post! Would love to see ur full write up on it.
Quick Question: How’s the balance sheet like for the company?

Jayden Preston commented on the post, ExxonMobil (XOM): A Blue-Chip Energy Company Likely to Provide Double-Digit Returns 6 years, 7 months ago

Hi Trey, thanks for the nice write up!

Do you have any theory or idea why Exxon has had lower cost of production than its competitors? And how likely is this advantage to be sustained? Would be great if you can […]

Jayden Preston commented on the post, EM Systems: The Japanese Industry Leader in Pharmacy Software 6 years, 7 months ago

It’s great seeing you here Clayton!

Jayden Preston commented on the post, Summerset (SUM): A New Zealand Retirement Village Developer with "Float" 6 years, 7 months ago

This is a magnificent write-up
Thanks for sharing Andre.
Just a quick question first, for the last point under the Valuation section, do you mean SUM is currently trading at 2x Book Value instead of 2x 2018 […]

Jayden Preston commented on the post, Booking Holdings (BKNG): A Fast Growing Industry Leader Built on Network Effects and a Strong Brand 6 years, 7 months ago

Excellent article Mister Compounder*!!

Jayden Preston commented on the post, Booking Holdings (BKNG): A Fast Growing Industry Leader Built on Network Effects and a Strong Brand 6 years, 7 months ago

Excellent Article Mister Compounding!!

Jayden Preston

@jaydenpreston