Focused Compounding | Vetle Forsland | Activity https://focusedcompounding.com/members/vetle-forsland/activity/ Activity feed for Vetle Forsland. Tue, 31 Mar 2026 01:08:04 -0500 https://buddypress.org/?v= en-US 30 hourly 2 17b217d5a9c8a9d4f56fac8ac94cff07 Vetle Forsland commented on the post, Norbit: A Norwegian Growth Company Trading At 8 Times 2019 EBITDA https://focusedcompounding.com/norbit-a-norwegian-growth-company-trading-at-8-times-2019-ebitda/#comment-348 Fri, 23 Aug 2019 11:04:53 -0500 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.

]]> 679980ef6ff86a6abfb384714d7dea3c Vetle Forsland commented on the post, Hamilton Beach Brands Holding Co: HBB https://focusedcompounding.com/hamilton-beach-brands-holding-co-hbb/#comment-251 Fri, 15 Jun 2018 15:01:12 -0500 Good article and podcast episode on HBB, Andrew.

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

]]> 53f566dfb597ffa2533e64ec54f4337f Vetle Forsland commented on the post, Gamestop (GME): A Risky Stock that Just Might be the Cheapest Billion Dollar Stock in Today's Market https://focusedcompounding.com/gamestop-gme-a-risky-stock-that-just-might-be-the-cheapest-billion-dollar-stock-in-todays-market/#comment-248 Tue, 05 Jun 2018 02:17:26 -0500 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 […]

]]> f8a56a689dd602266eb871e4b05e4b2d Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-210 Tue, 08 May 2018 21:46:41 -0500 Nasty mistake. Thank you for the heads up.

]]> 9a7ff22f18511130f28525b72d577350 Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-207 Tue, 08 May 2018 18:14:05 -0500 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 […]

]]> 0ba44d445d93f1374b46fd23df650c43 Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-206 Tue, 08 May 2018 18:01:16 -0500 Thank you for the kind words and I am looking forward to your thoughts!

]]> 87127f3914bcec831df623a9ce887fee Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-205 Tue, 08 May 2018 17:59:12 -0500 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. […]

]]> 1b1975a73d71b91ac1b2b9e833f0dc11 Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-203 Tue, 08 May 2018 17:43:16 -0500 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 […]

]]> 62f4bb022fef196f4ab0af1b06e436ee Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-200 Tue, 08 May 2018 14:52:06 -0500 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 […]

]]> 2d1fffb0476590130a6d40c7a3c07c43 Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-199 Tue, 08 May 2018 14:46:23 -0500 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 […]

]]> 32409305360c91f6f3000cb9c6203454 Vetle Forsland 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 https://focusedcompounding.com/entercom-communcations-etm-the-second-largest-radio-station-owner-in-the-u-s-trades-at-a-lower-ev-ebitda-than-its-debt-laden-peers/#comment-198 Tue, 08 May 2018 14:41:30 -0500 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 […]

]]> 2f3fb942a7c1ca7fcef652d07fd9a907 Vetle Forsland commented on the post, Keweenaw Land Association (KEWL) https://focusedcompounding.com/keweenaw-land-association-kewl/#comment-170 Fri, 13 Apr 2018 23:33:44 -0500 I saw that. The stock is up a tiny bit but on under average volume.

]]> bd72468f665e40ff3cc09badf570864a Vetle Forsland commented on the post, Keweenaw Land Association (KEWL) https://focusedcompounding.com/keweenaw-land-association-kewl/#comment-154 Fri, 06 Apr 2018 18:40:36 -0500 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 […]

]]> 69f4e59900590958e0e5cf4b4a467941 Vetle Forsland commented on the post, Keweenaw Land Association (KEWL) https://focusedcompounding.com/keweenaw-land-association-kewl/#comment-142 Tue, 27 Mar 2018 21:18:00 -0500 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 […]

]]> 344f68c92fc71e5d48d183cd1a6ccfb1 Vetle Forsland changed their profile picture https://focusedcompounding.com/activity/p/359/ Fri, 23 Mar 2018 17:17:15 -0500 0 0fe318bdd4b2a3c42c608ebe49cc2f95 Vetle Forsland's profile was updated https://focusedcompounding.com/activity/p/358/ Fri, 23 Mar 2018 17:13:47 -0500 0 7bd8cd896cf6be56be68aa1273f512c8 Vetle Forsland commented on the post, Summerset (SUM): A New Zealand Retirement Village Developer with "Float" https://focusedcompounding.com/summerset-sum-a-new-zealand-retirement-village-developer-with-float/#comment-125 Thu, 22 Mar 2018 01:32:59 -0500 Intriguing. The new format is also a refreshing sight!

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