Vetle Forsland

FCF yield should me 3.5 percent. My bad. The stock is down a bit after this post, so the EV/EBITDA is down to around 7.5.

Good article and podcast episode on HBB, Andrew.

I was wondering if you had looked at Tupperware Brands (TUP) as a potential peer?

Philip,

Thanks for the comment. And thank you Trey for answering it. I will give you my thoughts on GameStop’s lease position as well:

GameStop leases all their stores over a 5-10-year term. They operate […]

Nasty mistake. Thank you for the heads up.

I will give you my thoughts on the earnings call after I’ve read it later today.

I’m in a bit of a rush right now, but I have to say that I don’t think you should be turned off by mgmt trying to convince you […]

Thank you for the kind words and I am looking forward to your thoughts!

I think it’s interesting because recent FCC rulings will basically make it possible for ETM to acquire enough radio stations to have monopolies in local markets.

I looked at all the radio stations they own. […]

This comment didn’t reply to yours, so here it is:

Thank you!

After-tax ROE has averaged 10% in the past decade and after-tax ROIC was 11% in 2017, but it has averaged around 4% over the past ten […]

Everyone,

Thank you for your kind words.

Today ETM reported Q1 earnings. Revenues came in at $301 million, versus expected $318 million – a 9.5% decrease. Interestingly, the stock is down 21% as I write […]

Thank you!

After-tax ROE has averaged 10% in the past decade and after-tax ROIC was 11% in 2017, but it has averaged around 4% over the past ten years.

Broadcasting licenses are expensive. They make up […]

Trey,

Thank you for the kind words.

Here is a full link to the research paper I cited: http://www.nielsen.com/content/dam/corporate/us/en/reports-downloads/2018-reports/audio-today-report-apr-2018.pdf […]

I saw that. The stock is up a tiny bit but on under average volume.

It’s always interesting to learn about a business that I’m exposed to several times a year without really noticing. I had no idea the “industry” of advertising before screening begins in theaters was practically […]

Keweenaw is down 4% today to $95 a share on high volume (13,825 vs past 3 months average of 375).

The stock is down as Keweenaw Direcors release another open letter to shareholders.

Here is the […]

Here is another appraisal of Keweenaw that puts a $127 price tag on the stock.

Let’s use the $943 per acre appraisal of Keweenaw’s timberland, as it’s the best approach in this scenario. The company has 0.14 […]

Intriguing. The new format is also a refreshing sight!