The Razor's Edge
The Razor's Edge
Jan 26, 2021
Netflix Flexes On 'Em
Play • 1 hr 30 min

We talk Netflix again this week. As you may recall, Akram published a lengthy report late last year on why Netflix was and would remain the king of streaming. The company reported earnings last week, and it was a bit of a royal flex, as they beat on subscriber numbers and boasted that they would not need to raise debt capital going forward. The stock popped 17% the next day. So what did the market miss going in, and what does that mean for Netflix and peers going forward? We break it down, answer a few listener questions, and try to figure out what Netflix’s story going forward will be.

Topics Covered
  • 2:30 minute mark - Quick quarter reaction
  • 12:00 - Why is Netflix winning
  • 21:00 - How the story is shifting
  • 27:30 - What Netflix’s margins actually say
  • 38:00 - Netflix’s moat and the competition
  • 47:00 - Forward outlook for NFLX
  • 51:00 - Praise for management
  • 55:30- Discoverability challenge for Netflix
  • 1:05:30 – Netflix’s content strategy
  • 1:10:00 - The fate of the theater
  • 1:14:30 - Netflix’s tech positioning
  • 1:24:00 - Pressure on the competition
Value Hive Podcast
Value Hive Podcast
Brandon Beylo
Finding The Best Brand-Building Businesses w/ Kristen LaFrance
The Value Hive Podcast is brought to you by TIKR. Join the free beta today at TIKR.com/hive. They're constantly releasing new updates that make the platform better including a new Business Owner Mode that hides share count, market cap, and enterprise value. I couldn't be more excited to partner with TIKR. In this week’s episode, we give you our conversation with Kristen LaFrance. Kristen LaFrance is the host of Shopify's Resilient Retail series. Prior to joining the Shopify team, she hosted two eCommerce podcasts: Playing for Keeps and eComm Noms. As the official mayor of DTC Twitter, Kristen is an expert on omnichannel customer retention and helping online and offline brands connect with customers, craft remarkable experiences, & build resilience for long-term success. During our chat, Kristen discusses the transformation that the retail industry had to endure in a global and local level during 2020.  She also helps us identify the actual value that is created by retail companies by bringing and explaining a plethora of examples such as Chewy, Casper, Battlbox, and more.  Here's the timestamp:  * [0:00] WTF is Clubhouse? * [3:00] Who is Kristen LaFrance? * [12:00] Working at Shopify * [18:30] Resilient Retail: Season 2 * [22:00] Retail: Before, During and After COVID * [29:30] Best Practices of Customer Retention  * [45:00] How to Identify a Community at an Early Stage? * [57:00] Status as a Service. * [1:01:20] Does NPS Cover Everything? * [1:08:00] Perceived Value vs Actual Value  * [1:13:00] Closing Questions If you like what you heard and want to learn more about Kristen, check out these links:  * Kristen's Twitter * Kristen's Blog
1 hr 21 min
Alpha Trader
Alpha Trader
Seeking Alpha
Digital transformation comes to energy, autos, and currency - Jon Markman and Greg King join Alpha Trader (Podcast)
This week’s Alpha Trader podcast features hosts Aaron Task and Stephen Alpher speaking with Jon Markman, president and founder of Markman Capital, and Greg King, CEO and founder of Osprey Funds. Markman (who previously appeared on Alpha Trader in October) continues to believe the Fed ignited what’s going to be a decade-long bull run in stocks with their actions in response to the Covid crisis last year. With the Fed continuing to provide plenty of liquidity to the system, he’s targeting 92K for the Dow (DJI) in the next decade, and 34K on the Nasdaq (COMP). Turning to individual names/sectors, Markman is still spying the opportunity in digital transformation, but this time with a twist - it’s old-school energy and auto companies whose business models are changing from nuts and bolts to 0s and 1s. Shareholders of names like Schlumberger (SLB), Baker Hughes (BKR), General Motors (GM), Ford (F), and Volkswagen ([[VLKAF]], [[VWAGY]]) are set to benefit in a big way. And the massive investment the auto players are making into EVs means a re-rating not just for them, but suppliers like Magna International (MGA), NXP Semiconductor (NXPI), and Analog Devices (ADI). Markman’s got plenty more digital transformation ideas, including a speculative play on cryptocurrencies, and that’s VPC Impact Acquisition (VIH), a SPAC that earlier this year inked a deal to take digital asset marketplace Bakkt Holdings public. Next up is Greg King, whose Osprey Bitcoin Trust (OBTC) recently launched as a lower-cost competitor to the Grayscale Bitcoin Trust (GBTC). A longtime investor in bitcoin (BTC-USD), King isn’t put off by the wild volatility (including a plunge from $53K to $49K right about the time we were speaking). He notes that whenever bitcoin pierces a previous all-time high (as it did late last year by finally climbing past $20K), the average subsequent return is 900% - this bull move has plenty more to run. “Not your key, not your coins,” is something the hodlers like to say, but King says we all have limitations - not everyone is in a position to start up an account with an online exchange and possibly even custody their own bitcoin. A trust such as Osprey offers a fee of just 0.49%, is something that can be purchased inside an existing brokerage or retirement account, and safety isn’t an issue as all the Trust’s coins are held in custody by Fidelity. Learn more about your ad choices. Visit megaphone.fm/adchoices
54 min
The Acquirers Podcast
The Acquirers Podcast
Tobias Carlisle
Alpha Europe: Drew Dickson on European behavioral investing with Tobias on Acquirers Podcast
Andrew (Drew) Dickson is the founder of Albert Bridge Capital, and CIO of the Alpha Europe funds. He has over 20 years of industry experience, and previously was a partner in the asset management division of Perella Weinberg Partners (PWP).  Mr Dickson holds an MBA from the University of Chicago Booth School of Business, where he was a research assistant for behavioural economist Richard Thaler, as well as a BSc. from Purdue University.   Drew's Twitter: https://twitter.com/AlbertBridgeCapDrew's  Website: https://www.albertbridgecapital.com/ ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I've launched a new podcast called The Acquirers Podcast. The podcast is about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Firm: https://acquirersfunds.com/ Website: https://acquirersmultiple.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer’s Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon’s Business and Finance The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World’s Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public comp
58 min
Let's Talk ETFs
Let's Talk ETFs
Seeking Alpha
Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett
Despite the S&P 500 being up an impressive 18% in 2020, the utilities sector did not take part in the rally finishing the year flat. Reaves' John Bartlett has spent nearly 30 years closely tracking Utilities names through every type of investing environment. Bartlett currently co-manages the firm's flagship Reaves Utility Income Fund (UTG), as closed-end fund with nearly $1.7B in AUM. He also co-manages Reaves' first exchange-traded fund, the Virtus Reaves Utilities ETF (UTES). With a blue wave sweeping the U.S., Bartlett believes utilities are well positioned to benefit from a likely rise in corporate tax rates and a broader societal move to clean energy. Show Notes 2:00 - John's background: When did you become interested in utilities? 5:00 - An overview of the utilities sector: Gas, Electricity and Water 7:45 - UTG: A "wider" view of the utilities sector 10:00 - What's the outlook for utilities given the underperformance in 2020? 18:00 - Utilities for 2021 and beyond 23:00 - Utility stocks and energy prices 25:30 - Riding the Blue Wave: Expectations regarding the regulatory environment under Biden and a democratic controlled congress? What about at the state level? 29:00 - The history and future of clean energy adoption. What does it mean for utility companies? 37:15 - Is the growing embrace of ESG investing a headwind or a tailwind for the sector? 41:00 - On managing UTES: Why go with active management? 42:30 - Quantitative vs. qualitative analysis 45:45 - How much portfolio turnover is there? 46:30 - How does the fund look from a tax management standpoint? 48:00 - Differences between UTES and XLU (NEE)  50:00 - Top pick for 2021: Atmos Energy Corp (ATO) Learn more about your ad choices. Visit megaphone.fm/adchoices
57 min
Planet MicroCap Podcast | MicroCap Investing Strategies
Planet MicroCap Podcast | MicroCap Investing Strategies
SNN Network
Ep. 162 - 2021 Topics No One Wants to Hear About Anymore with Charley Grant, Heard on the Street at The Wall Street Journal
For this episode of the Planet MicroCap Podcast, I spoke with Charley Grant. He runs Heard on the Street at THE Wall Street Journal. It's not often we get someone who writes a daily column for THE Wall Street Journal on here, so we discuss all the 2021 hot topics he's been writing about: Bitcoin on the balance sheet, Tesla takes - we're just trying to make sense of what's been happening thus far despite only being the end of February. I had a blast chatting with Charley and you will no doubt enjoy hearing his insights. Charley Grant articles on WSJ: https://www.wsj.com/news/author/charley-grant You can Follow Charley Grant on Twitter @CGrantWSJ: ​https://twitter.com/CGrantWSJ Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the SNN Network YouTube channel. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, publishers of StockNewsNow.com, The Official MicroCap News Source, and the MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft
1 hr 14 min
Top Traders Unplugged
Top Traders Unplugged
Niels Kaastrup-Larsen
128 Systematic Investor Series ft Jerry Parker – February 22nd, 2021
Jerry Parker returns today to discuss how Trend Following is perfectly suited for both inflationary and deflationary environments, why investors tend to underperform the S&P500 index, how to look at open trade risk & current equity curve, the perils of designing the ‘perfect’ trading system with all the bells & whistles, whether or not it’s a good idea to tighten stop-losses on profitable trades that have risen sharply, why financial media tends to dramatise the impact CTAs have on the markets, and why Trend Following on Bitcoin may be a better option than buy & hold. Check out our interview with Turtle Trading legends Richard Dennis & Jerry Parker here. If you would like to leave us a voicemail to play on the show, you can do so here. Check out our Global Macro series here. Learn more about the Trend Barometer here. IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels & Jerry on Twitter: @TopTradersLive  & @RJParkerJr09 And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Top Traders Unplugged wins award for ‘Best Trading Podcast’ and features among the ‘Top 20 Best Investing Podcasts in 2020’ by The Investors Podcast 🏆 Episode Summary 0:00 - Intro 1:28 - Macro recap from Niels 3:30 - Weekly review of returns 30:49 - Questions from Antonio: What was Bill & Richard’s performance like before they started the Turtle Trader program?  What was Chesapeake’s performance like up until Salem Trading was taken under their wing? What has Trend Following performance been like in the 10 years before 2020? Did Richard Dennis want his Turtles to come up with new ideas? Why did famous Trend Followers stop Trend Following in the 1990s? 59:43 - Q1; Mohjeet: Can you ask Jerry what risk-per-trade he recommends? 1:02:36 - Q2; Peter: Has Jerry ever considered running a new ‘Turtle Trading’ experiment? 1:13:25 - Performance recap 1:14:24 - Recommended listening or reading this week: Dr Andrew Huberman on the Lewis Howes Podcast  Subscribe on:
1 hr 18 min
The Intelligent Investing Podcast
The Intelligent Investing Podcast
Eric Schleien
#138: Chelsea Dietsch and Tara Songster on Thrift Shop Arbitrage
Join Eric Schleien with his guests, Chelsea Dietsch and Tara Songster of Alluring Oddities, as they share stories about their income-generating passion for thrift shopping and what it took to make this side-project grow and continue growing. More than just a business, Chelsea and Tara treat their passion as a venture wherein they can cultivate experiences for their friends, loved ones, and Buffalo's whole community. Community over competition is a general outlook that they endorse. Learn more from their experiences as you tune in further to what Chelsea and Tara have to share. About Alluring Oddities: Alluring Oddities is a curated and cultivated gallery of mostly 60s or 70s offbeat thrifted treasures in Buffalo, NY. The brand is owned by Chelsea Dietsch and Tara Songster. Instagram: https://www.instagram.com/alluring_oddities/ https://www.instagram.com/tara_songster/ https://www.instagram.com/ch3lbby/ Outline of the episode: * [07:45] The fascination towards everything timeless in condition. * [09:53] Make money out of it, not: get rid of it. * [11:03] More than just a business, it's a lifestyle. * [13:22] Alluring Oddities: a thrift store's gross margin. * [14:37] Set your brand different from others. * [15:30] The resurgence in Buffalo's market. * [17:03] Why interact with your audience? Why research? Why benchmark? * [19:44] Connecting to peoples' stories through their belongings. * [25:43] On price tagging. * [26:34] "Community over competition." * [29:22] What your venture will mostly need from you. * [30:06] Putting everyone's strengths at work. Resources: Bounty Hunter TK4 Tracker IV Metal Detector https://amzn.to/3r9THee Value Investing 2nd Edition https://amzn.to/3tbB0sx Principles Of Power https://amzn.to/3tizkx9 Thrift at or Donate to Goodwill: https://www.goodwill.org/shop/ Thrift at or Donate to Salvation Army: https://satruck.org/ About Eric Schleien Over the past decade, Eric has trained thousands of individuals including board members of public companies as well as several Fortune 500 CEOs. Eric specializes in organizational culture and has become a leading authority on organizational culture in the investment industry. Eric has been investing for 15 years and has been using breakthrough coaching methodologies for over a decade. Eric had the insight to combine proven coaching methodologies with shareholder activism techniques to create an entirely new model for shareholder activism that was more reliable and created greater sustainable results in a rapid period of time. On average, Tribal Leadership produces a 3-5x increase in profits of culturally troubled companies within an average of 24 months or less. Eric currently resides in Philadelphia, PA. Help Out The Podcast If you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page! You can subscribe to the podcast on the following platforms: * Apple Podcasts * Stitcher * TuneIn * Spotify * Podbean * iHeart Radio * YouTube CONTACT ERIC SCHLEIEN Facebook | LinkedIn | Twitter | YouTube | GSCM | Instagram Email: IntelligentInvesting@gmail.com
34 min
Excess Returns
Excess Returns
Jack Forehand and Justin Carbonneau
GameStop: What Happened, How it Happened, and Lessons We Can Learn From It
The rapid rise and fall of GameStop earlier this year was unlike anything many of us have seen in our investing careers. The stock's price went from the single digits to upwards of $400 per share in a very short time, and then lost most its value in the weeks that followed. In this episode, we take a look behind the scenes at the factors that led to GameStop's massive gains, and how those same factors eventually led to the ensuing decline We also take a look at some lessons investors can learn from the GameStop saga.  We hope you enjoy the discussion.  ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau
26 min
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