snowball82
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Posts posted by snowball82
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I'm not a member.
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I don't look specifics sectors but I don't invest in ressources, miners, big pharma and low margin businesses.
As I'm not a full time investor for now ... my strategic capital allocation plan is simple ! I make my opinion on companies one after one.
I hope to have more time over next year and work with new dedicated analysts/investors to look my ideas deeper.
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+ 116 % annual return this year and that followed 88 % last year. I have enought experience to know results can be volatile over years, so I continue to work hard and be very fortunate to collaborate with exceptionals investors.
My largest position still Biosyent, so with the current valuation my return should be lower this year. Rene Goehrum continue to show us how good can be this business model to compound capital.
A very good year to all.
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Macro isn't for individual/private investors. Most important for investors is to find best growing companies. My 2 cents.
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Interesting... "Crum & Forster, through its Fairmont Specialty and United States Fire Insurance companies, has underwritten Hartville's pet insurance plans since October 2006. No changes in existing policyholders' coverage will occur due to the completion of the agreement, and plans will continue to be underwritten by the United States Fire Insurance Company."
I wonder what other companies out there already use Fairfax for their underwriting "and" could be taken over....
Just a thought.
Yes and the company with the greatest potential in the field of pet insurance is located in the Toronto area. A small cap + / - $ 40 million. I can not wait to see if it will be the subject of a bid.
Congrats we were right, Prem Watsa liked the advice lol
Fairfax bought Pethealth at 2.79 today.
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I hardly know anybody who's done very well in life in terms of cognition that doesn't have somebody trusted to talk to. Einstein would not have been able to do what he did without people to talk to. Didn't need many, but he needed some.
You organize your own thoughts as you try and convince other people. It's a very necessary part of operations. If you had some hermit sitting on a mountain, he wouldn't do very good.
--Charles Munger, 2014-05-05, on CNBC's "Squawk Box"
Gio
Gio, I agree great quote.A fantastic advantage to have friends investors trusted to talk.
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I've done a little bit of thinking about this too. I guess the primary issue is whether you are viewing this shift as:
1) a means to increase your portfolio size, or
2) early retirement.
If it's #1, then you have a tough row to hoe because you have to pay your living costs out of your portfolio returns. So, assuming that you have $1m capital and your annual living costs require a $50k draw, essentially you will impose a "management fee" of about 5% annually on your portfolio.
I like your way to say it. Living cost is "management fee". So for fund managers people say 2 % is too hight. Not same context but we have to be prudent. With Last years return... everebody feel like they are Buffet :) I earn 88 % last year, more than 20 % yet this year, so I continue to work with 8 % forecast for my portfolio. We don't know futur. I or we could be down 25 % at the end of the year. We have to be humble, prudent. Just my opinion
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My best advices to you ...like you are my friend ...before the decision :)
Financials
0.5) pay all your mortgage, debt, credit card and have a cash amount for short time need
1) Do a budget with increase in expenses over time (don't forget your wife !)
2) have professional advices with balance sheet and budget (includind kids :))
3) own a minimum of 3 M$ with 100 k$ growing dividends in a minimum of 3 stellar companies
4)have a minimum track records of 5 years with an average return in 10-15% range
5) have a clear and effective process to invest, urgent to write it
Mental process
1) Speak with your wife and your best friend to know their opinions
2) ask yourself if after 2-3 years you will continue to like it. Doing it alone in a basement could be boring after few years... Who know ?
3) if market is flat or down 50 % for next 5 years, will you be happy with your decision ?
My final question to my best friend would be. Could you have one year break without pay from your boss ?
Hope it helps. Let me know... Have a good sucess
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Smart employee benefits (seb.v), Biosyent (Rx.v) & XPEL (dap-u)
Great microcap
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+ 90 % return this year. Tx to rx.v, bac, dap-u, wfc. Ffh was my worst. If hht.p does well after the halt my return will be better.
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Hht.p last trade 0.11
See investment idea, baggers over next year. Best new reit on stock market.
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Online pet retail pharmacy market is fantastic. It's not comparable but see Petsmart. The market is there, PTZ has to execute. Do you know a better business model in this sector ?
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Great results for Pethealth, the best part of the story is 76% increase from business-to-business and business-to-consumer sales through the PetangoStore.com ! Pet retail store online potential is undervaluated...so listen today conference call to know the
tremendous potential http://www.pethealthinc.com/
Pethealth Inc. announces record quarterly revenue of $11,042,000; quarterly profit of $511,000
and its full results for the quarter and nine months ended September 30, 2013.
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PetHealth Inc
PetHealth is quite tightly connected with Northbridge and consequently Fairfax. From their Annual Report:
In Canada, the Company operates its pet insurance business under an Managing General Agency Agreement (“MGA Agreement”) with Northbridge General Insurance Corporation (“Northbridge”), a subsidiary of Fairfax Financial Holdings Limited. The Company earns a base commission of 35% on those policies underwritten by Northbridge... The Company does not, however, participate in any underwriting results for policies placed in Canada.PTZ could be a great friendly acquisition target for FFH
See futurs catalysts:
1) New complete software for sale to shelters to become a virtual "veterian clinic" until next mai. Additional potential sales from 2000 animals welfare organisations.
2) Great expansion about Pet pharmacy and speciality retails - B to Business pharmacy products with Petango.com (+ 54 % growth last quarter). More distribution agreement to come (Perrigo, PRGO-NYSE ?) covering antiparasitics, antibiotics, medications and diagnostic tests. I like this part of the business. During the last conference call, Mark Warren, president and CEO did a comparaison about the Best Friends pets website and Amazon partnership. They have had a partnership for about 2 years now. The point was if amazon thought they could get to the adopter demographic directly then why do a deal with Best Friends. So PTZ approach which is to while label retail stores for hundreds of PetPoint licensed shelters must be an even better way.
3) PTZ is looking to buy a company under 10 M$. In my opinion, PTZ could be a target too !
This company lead the Pet space in microchip, insurance, database, retail to shelters, online commerce... I think within a year we will see the terrific strength of this business model.
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"Shares have been up 90% YTD. Is this a sign?
Company seems to have ratified a new shareholders' rights plan lately."
Moreover, this company is growing more the purchase price will be high
http://finance.yahoo.com/news/pethealth-inc-announces-total-animals-123000747.html
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PM me if you need a link to the library edition of Morningstar premium.
i see you like pet and pharmacy, what do you think about Pethealth inc (PTZ-TO) ?
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Good point but note "the secret is the earning power" :
1) Return on equity over 20% without long-term debt
2) " With respect to cash flow and earnings, it is important to remember that owing to changes in accounting guidance whereby we now expense the cost of acquiring a policy in the quarter it occurs (despite the fact that the life of that policy will average 3.5 – 4 years), cash flow will dip during periods of accelerated policy growth and increase significantly in periods where the rate of policy growth declines and/or paid policies in force decline."
3) The company is moving from one business model "INSURANCE and other profits
of supplements "to" PET PHARMACY AND SPECIALTY RETAIL - BUSINESS TOCONSUMER "+ INSURANCE + other ... What do you think?
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Shares have been up 90% YTD. Is this a sign?
Company seems to have ratified a new shareholders' rights plan lately.
hmm is more likely to be bought more than $ 2.25 because the price is so cheap compared to assets ! However, PTZ has more potential in the medium term. It is more than an insurance broker for pets ....
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Interesting... "Crum & Forster, through its Fairmont Specialty and United States Fire Insurance companies, has underwritten Hartville's pet insurance plans since October 2006. No changes in existing policyholders' coverage will occur due to the completion of the agreement, and plans will continue to be underwritten by the United States Fire Insurance Company."
I wonder what other companies out there already use Fairfax for their underwriting "and" could be taken over....
Just a thought.
Yes and the company with the greatest potential in the field of pet insurance is located in the Toronto area. A small cap + / - $ 40 million. I can not wait to see if it will be the subject of a bid.
2021 Returns Thread
in General Discussion
Posted
Congrats for the great results. Happy to see Trisura had been a good contributor too. Have a great year to you ourkid8 and yourkids