4 Burst results for "Hari Ramchandra"

"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

02:53 min | 6 months ago

"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

"Stig broder sohn and boy. Oh boy we got toby. Carlisle hari ramchandra. Here guys. welcome back what's going on. What's up fellas. You just feels like we get crazier and crazier every time we record one of these things throw the backdrop gets crazier and crazier. It's kind of like. What is this gonna let loose. I mean i don't know. Do we have anyone who wants to go. I i'm always having to go. I feel bad pushing the front of but a few weeks.

Stig broder sohn Carlisle hari ramchandra toby
"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

11:49 min | 1 year ago

"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

"You're listening to t I P on today's show. We're having our mastermind discussion for the first quarter of twenty twenty normally were accompanied by our good friend Hari Ramchandra but he was out of town for this quarter recording with that said we do. Have the thoughtful Tobias Carlisle from the Acquires Fund with us. During the show we talk about commodities. Pick a short sale and a controversial currency like all other mastermind discussions. The value of the episode is more on the challenging questions the critical thinking and the counter opinions that cover hot topics and hot picks so without further delay. Here's our chat. You're listening to the investors podcast. Well we studied the financial markets and read the books that influenced self made billionaires the most. We keep you informed and prepared for the unexpected. Hey everyone welcome to the investors podcasts. I'm your host. Press picture always accompanied by my co-host Dig Broder Sin and we have our mastermind group here to be car. Allow welcome to the show. Always great to have you back on here. Thanks so much for having me. It's good to see goes good to stick against since we met for the first time in the flesh in Los Angeles. Yeah it was good fun and fun having pressed and calling over skype too too hot to everyone and the commute you associate that we haven't met in person before toby even though we talk all the time we do. We talk a lot to me. 'cause we're in different countries? Good event will is. It's cut right to the chase. So who wants to go first with a discussion on us? Pacific company or investment. I've got a name for you are going to say on a little nervous about this one. It's a short as always been doing. What's shorting of the last year or so? I guess since we've been talking about doing the last year of these Moslem on the short that I wanna discuss itsy just say in the fund. We do short short position small so the sixty six basis points which is point six six of percents of their very small on the fund and the reason we do we have showed on them in there and we short small is 'cause shorts can move around very violently in the ordinary course. They'RE GONNA lose a little bit of money but if we big crash liquid kind of going through now what. The shorts do for our book is it. They stand up a little bit more than the market going down so they do a little bit better than their white in the portfolio which is what they're doing for our the moment in the fund this. The market's going so it see everybody's probably see. It's a niche online ECOMMERCE business. If you make something by hand you so it online. You probably selling through Oetzi handmade stuff in basically had no competition for an extended period of time. And they've been doing pretty. Well do generate free cash currently trading on thirty five times cachefly enterprise multiple more like fifty times peas like seventy times. So it's extremely expensive. It's a six plus billion dollar market CAP. I've got a little bit of dead in that but I've got some cash balancing out. The debt is basically a wash on an enterprise. Multiple buses issue for them has been two. Fold one that uses Increasingly upset about the amount of money that they take and the way that they changed the algorithm for these guys to be discovered because some of these people that's their livelihood and they running businesses through these sites and now there's a lot of competition coming up from probably most concerning. The one is Amazon handmade. So if you go through any of the online forums looking at what say securely funnily enough even if you go into seeking Alpha and look at the comments on the some of the bull cases on seeking Alpha uses of the site go on and comment on the stock picks which I always think is funny. I think that's kind of telling if they so upset that they're prepared to talk about it. On a stock picks the issue for them is that when they changed the algorithm and they changed the way that charge makes it harder for these guys to work out how to get this stuff to the front page and stuff? It's changing all the time trying to figure out what the best mixes to basically that this reputation for really annoying their creators at the same time. It's supposed to be all of this stuff but it's increasingly. There are a lot of these. Mass produced factory stuffs that kind of fake. It appears to be. But it's not really it's ripped off and so they copy each other and they copy what's working and they do it on the mascow. Which again upsets the uses. Sin Some country that folks think that the profitability and the number of people who are prepared to use my have paid. Now that was my face is coming into this podcast this week just before just before we recorded. This told you as the pick about a week ago in the course of this week that released some earnings had a blockbuster endings quarter the stock has jumped pretty substantially of the course of the week. I'm not sure how much it's up but it's twenty thirty percent of the course of the week and that would be something that would make me very nervous about short that I was about to put on on. That would probably mean that I would hold off a little bit. It's not a good idea to be trying to shoot in a companies that are racing ahead like that so one of the things we look for is broken momentum. If you look at it see it's down at the last year pretty substantial and it's been falling all year long but it's a little bit of strength over the last month or so so. I think that while I do think that he has a lot of problems and it's extremely expensive. This would be one that I would just watch a little bit longer even though we already hold it because we don't rebounds we're lucky to rebalance well we do rebound at the end of the quarter which is early sorry light much an at that stage whether it be included in the next portfolio and not at the moment it looks like it will be but I just it would depend a little bit on. The stock price goes for me. It's really interesting that you bring up the Amazon thing. I'm kind of curious how much growth they've seen. Are you able to find that number? How much growth. There seeing for their handmade Amazon stuff. Tobi Fairley new offering seems to be says that they charge. It's twenty cents to list. And then there's five percent transaction feed and there's another three percent processing fee and so on so he's headline number is like five percent but take five percent of sales and Amazon takes fifteen percent but some of the folks inside say it's not right that they'd take five hundred adding always other phase. It comes to seventeen so even Amazon seems to be a headline level. More expensive practical. It looks like there are a couple of percent cheaper and just because it's such a huge site and they can share the stuff. So broadly that it's not but it's a much biggest side. I think it's likely that they'd take some share. And there's some smaller competitors that I'm more nation coming through and I'm looking at the top line and so it looks like they are. Is that right? Eight hundred eighteen million for twenty nineteen and the beer before that it was six hundred and four million for their top line. So how's it looking orderly as it looks like it's slowing down and you're you're not getting that same growth rate or something that been growing very strongly what we would try to who is defined that tipping point where that that growth slowed and pate. But I think it was. The most recent quarter shows that there's still still growing very substantially and is still making a lot of money. So I'm just giving you the thought process of looking at one of these things in real time and I would say that I was more confident before the lust earnings came at the most recent earnings make me probably need to go back and look at this a little bit more closely so I would revisit. It cost to the end of the quarter. It's a tricky thing. We send the pics to each other week ago and we recording this. The first of Mars and as fuel off only a financial models would know a lot. Things has happened at the lowest point. We would democ fifteen and a half percent which December two thousand eighteen was closer to twenty if we specifically Luga that q four earnings. That came out here last Thursday. This stock popped fourteen percent which is quite a lot especially the way the market behaves. I see revenue rose thirty five percent for the quarter to two hundred seventy million quite substantial the headed earn speed. And it's not so much that you know it was it beat estimates by nine cents. It's just more that in the day and age where it seems like as long as you just lose billions and billions of dollars as long as you have grown top line. We can still value accompanied hundreds of billions of dollars if you look at the revenue growth rates here over the past three years so even over the past five years. We're looking at something in excess of thirty percent. It's rough another thing. I would like to mention here before. Throw it over to you. Is One thing I noticed reading up. On the offside strategy that they offer where the appeal offering cost to promote sales listing multiple incident platforms. I'm not saying that this is a viable strategy. I mean this. This makes think of whenever pay pal pay people to refer their friends at actually just deposited money in their account just to get that networking effect going but both active buys and sells has been growing twenty percent range. And yes it might be a Lotta cash and yes. It might not be profitable to do that. But if the Magi just looks that growing top line and just whatever kind of smashed CONC- of prophets and then value that to be worth twice a smart so whatnot. I think this is a stock. That's really tricky. Too Short to say the least no disagreement from me there. I was looking at this pre the endings released hoping that the release was going to be what I expected it to be. And then it'd be talking to you about it post a successful endings choice from my perspective but I think the thesis is a little bit broken at the moment. Think of some evidence that they are struggling for growth a little bit by the fact that they're going off platform prepared to pay other platform face and the use of the Dunston particularly happy about it because those fees ultimately pass through to the people who so on the side if Coz offsite they are charged the additional amount. It's he doesn't pay that amount from what I can read. People seem to be pretty upset about that but the point remains that it is growing at a very high right on the most recent paintings sort of reinforce the that rather than showing into it. So I'm going to wait until we see the next round again but I still think it's extremely expensive and it's some problems so I wouldn't necessarily by long hair either. I agree with that last statement. I I don't think I'd be shorting it but I definitely don't think I'd be going long at either. You know one person who did go long at sea and who did actually bring that on to a network. That's Jason Most for the Monday full and on episode fifteen. He came on Malino massing or new show and he actually pitched at sea as a long position which I found very interesting so for everyone who is very interested in the long side of that they can go to To a new show lean investing. We'll make sure to link to that in the show notes. What did he pitch it? How recently in all fairness I can't remember was recorded but it was published twenty of November. Pro We pretty good pick all right stick. Let's.

Amazon Acquires Fund Hari Ramchandra Los Angeles Tobias Carlisle Broder cachefly Malino massing Oetzi skype Pacific company Jason Most Dunston Tobi Fairley toby Alpha
"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

03:26 min | 2 years ago

"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

"Sin. My name is Preston pysche and were accompanied by our good friends. Toby Carlisle and Hari Ramchandra guys. Welcome back to the show. Great to have you here. I know I always really look forward to these mastermind discussion. So we're thrilled to have you back script to be here. Thank you. We all sent out our picks for this quarters mastermind discussion. Do we have any volunteers to go? I I know we always the beat over who's gonna go first, but anyone who's really excited to talk about their pick. I'm definitely not excited about mon-. But I'll take a swing at it. Because you guys a warm up and get nastier as we go along. So while while everybody's sort of still little bit nervous about the start of the co let me let me do Mon Mon HP Q HP the printing business of the oh combined entity before it spun out. So I bought this post spin in two thousand sixteen something like that. And it was trading for about eleven bucks. And that's. Twenty two dollars. So it's up a lot. And I haven't seen it for years for a couple of years, and it sort of flooded back into my screen. So I think it's kind of it's interesting thirty all billion dollar market cap price settings currently about six point eight which is shaped IHOP q-. It's been hired. It's been low the reason that it's a little bit cheaper this and compression and their EPS. So it's likely that had freed twenty-five next year. It's going to be low than that throwing plenty of free cash flow paying a dividend buying back stock just one of the reasons that I like this business, I think that the have a good attitude toward shareholders. So they do buy back stock that do pay dividends. And I think that you're gonna get a lot of the return out of this stock from shell the friendly maneuvers like that twelve percent of the return of the lesser uses come from those returns of capital, whether it be dividend ship back, and I think that will continue on because it seems to be throwing cash, and it seems to be doing pretty well frost settings at six point eight say is below the five year ever. Wjr. And at a pretty substantial discount to every stock in the index, and it certainly below where it was lost year in the before. So head some compression in the stock price as well. You know, many of their concerns about it. Pretty simple estate one of them is that it's carrying more debt than I would ordinarily hitch to you guys. So the balance sheet is a little bit weak. Then I typically like to see, and there's also there's just bowling that balance sheet, the book valley doesn't tell you quite how bad it is. Because some of that book value was goodwill. And so it looks like it's about a six hundred million dollar negative book value sort of six point six billion dollars of that includes some amid the six point six billion dollars that includes goodwill and other things that I wouldn't really count on the positive side of do think that it's pretty steady is this the risks just general sort of macro risks at something really nasty happens in the economy. But I think he's been around for a long time. They making princes hardware stuff that nobody really wants to be in any more. But I think that this is kind of a muddle. For a business. It'll just keep muddling through and you'll get I don't have great hopes for the returns. But I think that you can sort of make eight ten percent over the next five years because I think the valuation stocks currently trading at twenty two dollars a seat valuations around thirty five dollars, even assuming a little bit of demonstration in the UK going backwards for a little bit here. I just think it's too cheap. Where it is. I think that's about a fifty percent upside muddled for business with this sort of looking off the shells with the proviso that the balance sheets a little bit wake. And if we really say some nasty macro than have to revisit it..

Preston pysche Toby Carlisle Hari Ramchandra UK six billion dollars six hundred million dollar thirty five dollars Twenty two dollars twenty two dollars eight ten percent billion dollar twelve percent fifty percent five years five year
"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

03:26 min | 2 years ago

"hari ramchandra" Discussed on We Study Billionaires - The Investors Podcast

"Sin. My name is Preston pysche and were accompanied by our good friends. Toby Carlisle and Hari Ramchandra guys. Welcome back to the show. Great to have you here. I know I always really look forward to these mastermind discussion. So we're thrilled to have you back script to be here. Thank you. We all sent out our picks for this quarters mastermind discussion. Do we have any volunteers to go? I I know we always the beat over who's gonna go first, but anyone who's really excited to talk about their pick. I'm definitely not excited about mon-. But I'll take a swing at it. Because you guys a warm up and get nastier as we go along. So while while everybody's sort of still little bit nervous about the start of the co let me let me do Mon Mon HP Q HP the printing business of the oh combined entity before it spun out. So I bought this post spin in two thousand sixteen something like that. And it was trading for about eleven bucks. And that's. Twenty two dollars. So it's up a lot. And I haven't seen it for years for a couple of years, and it sort of flooded back into my screen. So I think it's kind of it's interesting thirty all billion dollar market cap price settings currently about six point eight which is shaped IHOP q-. It's been hired. It's been low the reason that it's a little bit cheaper this and compression and their EPS. So it's likely that had freed twenty-five next year. It's going to be low than that throwing plenty of free cash flow paying a dividend buying back stock just one of the reasons that I like this business, I think that the have a good attitude toward shareholders. So they do buy back stock that do pay dividends. And I think that you're gonna get a lot of the return out of this stock from shell the friendly maneuvers like that twelve percent of the return of the lesser uses come from those returns of capital, whether it be dividend ship back, and I think that will continue on because it seems to be throwing cash, and it seems to be doing pretty well frost settings at six point eight say is below the five year ever. Wjr. And at a pretty substantial discount to every stock in the index, and it certainly below where it was lost year in the before. So head some compression in the stock price as well. You know, many of their concerns about it. Pretty simple estate one of them is that it's carrying more debt than I would ordinarily hitch to you guys. So the balance sheet is a little bit weak. Then I typically like to see, and there's also there's just bowling that balance sheet, the book valley doesn't tell you quite how bad it is. Because some of that book value was goodwill. And so it looks like it's about a six hundred million dollar negative book value sort of six point six billion dollars of that includes some amid the six point six billion dollars that includes goodwill and other things that I wouldn't really count on the positive side of do think that it's pretty steady is this the risks just general sort of macro risks at something really nasty happens in the economy. But I think he's been around for a long time. They making princes hardware stuff that nobody really wants to be in any more. But I think that this is kind of a muddle. For a business. It'll just keep muddling through and you'll get I don't have great hopes for the returns. But I think that you can sort of make eight ten percent over the next five years because I think the valuation stocks currently trading at twenty two dollars a seat valuations around thirty five dollars, even assuming a little bit of demonstration in the UK going backwards for a little bit here. I just think it's too cheap. Where it is. I think that's about a fifty percent upside muddled for business with this sort of looking off the shells with the proviso that the balance sheets a little bit wake. And if we really say some nasty macro than have to revisit it..

Preston pysche Toby Carlisle Hari Ramchandra UK six billion dollars six hundred million dollar thirty five dollars Twenty two dollars twenty two dollars eight ten percent billion dollar twelve percent fifty percent five years five year