Adults are found in offshore marine waters and shallow coastal embayments, but also frequently enter estuaries and occasionally penetrate freshwater streams ref. Chanos has testified before congress and provided comments to regulations proposed by. Being a short seller is a difficult and risky practice, but chanos has apparently mastered it. Jim chanos of kynikos associates is shorting hewlettpackard. Hedge fund manager jim chanos says chinas credit grows 3 to 4 times as fast as its economy expands. Nov 14, 20 but legendary short seller jim chanos is publicly short hp citing that its core business is declining. Ensuring we dont invest in value traps is a key part of what we do and so it was instructive to see a recent presentation on the subject by the immensely successful investor jim chanos who has made his reputation by shorting the shares of overvalued businesses. Jim chanos born december 24, 1957 is an american investment manager. At the value investing congress today, jim chanos of hedge fund kynikos associates talked about various companies to short in a presentation entitled beware the global value trap. Cyclical andor overly dependent on one product hindsight drives expectations marquis management andor famous investors appears cheap using managements metric.
Lessons for value investors in chanos thoughts and actions december 08, 2017 about. Exploration geologic risk assessment and prospect evaluation. Apr 06, 2012 you can view his bearish presentation on gme here. Jim chanos, kynikos associates president and founder, explains why hes shorting mallinckrodt plc and express scripts holding co.
Joel greenblatt quote thinking about the market the false allure of group selection by steven. He is president and founder of kynikos associates, a new york city registered investment advisor focused on short selling. In fact, value trap indicator reported that of the biggest 30 bankruptcies since 2000, the single most common characteristic of a company about to go bankrupt was a negative pe ratio from negative annual earnings. Whether you are doing a presentation, report, or any kind of work with snagit, superstamps business v2 will give you immediate access to hundreds of useful stamps. He specifies common characteristics of value traps as.
In june 2012, he called hp hpq the ultimate value trap as it meets all five points of the characteristics for a value stock. Ensuring we do not invest in value traps is a key part of what we do and so it is instructive to highlight a presentation on the subject by the immensely successful investor jim chanos who made his reputation shorting the shares of overvalued businesses. Chanos has also been short dell in the past, though he said wednesday that a drop in the stock has left him less enamored with the position. They occur in small to large schools near the coasts or around islands where reefs are well developed. Jan 14, 2019 renowned shortseller bets against fortescue smh hedge fund shortseller jim chanos has singled out fortescue metals as a value trap stock, telling a new york conference that shares in.
A value trap defense one value fund that has steered clear of the energy value trap is doubleline shiller enhanced cape us. Chanos is the founder and managing partner of kynikos associates, a firm he founded in 1985. Newest presentation questions software recommendations. In june 2012, he called hewlettpackard company nyse. At the ira sohn conference on wednesday, jim chanos gave a presentation on being short seagate technology plc nasdaq. Lessons from muddy waters research and other shortsellers. In june, jim chanos, legendary short seller, gave a presentation on the topic of value stocks and value traps which i wanted to highlight. Jun 25, 2011 in my first presentation i talked about the two main causes of permanent loss of capital. The hedge fund manager gave a talk on value traps to the audience at the value investing congress, warning that companies like gamestop, exxon mobil and vale may look cheap but will get a. Valuexvail 2012 james chanos free download as powerpoint presentation.
Jun 04, 20 at the ira sohn conference on wednesday, jim chanos gave a presentation on being short seagate technology plc nasdaq. Chanos pointed to five common features of value traps, which are summarised below. Why the magic formula favors forprofit education stocks. When hp bought the company at a hefty premium, this raised a red flag for chanos. The 12 signs a cheap stock is a value trap bloomberg. Chanos has been negative on the entire pc industry citing the explosion in smartphones and tablets are eroding pc sales. Chanos, the founder of kynikos greek for cynic associates said hp was one of the companies he regarded as the ultimate value trap in a presentation delivered in july at the delivering alpha. Nov 16, 2011 at this point in time it makes also sense to check for characteristics of a value trap.
In a presentation at valuex vail, and reported by business insidervaluewalk, chanos said. I posted already the great presentation from jim chanos and like to use now as a exercise. Can we boil down value traps into a number of characteristics. Holistic pet nutrition using locallysourced ingredients. Its mostly related to the companys acquisition of autonomy software unit.
Gmes counterpart in the uk, game group, recently filed for protection from creditors. In a presentation at valuex vail, and reported by business insider valuewalk, chanos said value traps have some common characteristics, including. Thats when chanos gave a presentation at the cnbc institutional. Jim chanos presentation on value investing traps some names mentioned coinstar, inc.
The problem, of course, is the rapidly depleting nature of the asset, he said. Caterpillar slides as chanos says to short stock marketwatch. Jim chanos rooting out fraud graham and doddsville medium. Presentation value engineered software knowledge base. Bloomberg tv hedge fund titan jim chanos, the founder of kynikos associates, gave a presentation last week at valuex vail on how to spot a company that looks good, but is actually a value trap. A couple of years earlier, he explained how he spots companies that look good but are really value traps. What long term investors can and should learn from short. Newest presentation questions software engineering stack. He had been short automony, the british cloudbased business software and data company. Automony, the british cloudbased business software and data company.
A contrarian investment blog influenced by value investing, with some macro and special situation investing. Dell, hp and microsofts position in the dying pc industry. Five signs your stock could be a value trap the value perspective. Predictable, consistent cash flows, defensible business, dont need superior management, lowreasonable valuation, margin of safety, reliable transparent financial statements, analyzable. Shortselling whiz shares five types of traps to avoid and five stocks that fit the bill. Lessons from muddy waters research and other shortsellers in avoiding potential value traps. Jim chanos, kyle bass rip oil and pharma at salt 2015. May 07, 2015 jim chanos, kyle bass rip oil and pharma at salt 2015. A common enough problem as companies who have lost their way try to buy their way out. However, the company is coming under fire from famed short seller jim chanos who recently threw shade at warren buffett. Joel greenblatt quote thinking about the market the false allure of group selection.
Desktop pos system desktop point of sale software systems. Stocks look cheap structural issues business funded by government largesse in the form of student loans risk resides with taxpayer and student questionable educational outcomes business fundamentals in decline title iv federal. Jim chanos valuex vail presentation on value traps found via valuewalk. Below is the full presentation on scribd courtesy of vitaly katsenelson. A noted art collector, he appeared on the bbc four documentary the bankers guide to art. Chanos spoke about value traps doomed sectors and companies. Five signs your stock could be a value trap the value. Disclaimerthis presentation is for informational purposes only.
Chanos, the founder of kynikos greek for cynic associates said hp was one of the companies he regarded as the ultimate value trap in a presentation delivered in july at the delivering alpha conference sponsored by cnbc and institutional investor. The bear caseclassic value trap jim chanos, kynikos. Send custom email campaigns to the customers through chronitopos with seamless mail chimp integration. Just send text messages directly to the customers and keep in touch with the customers by sending promotions and appointment reminders to the devices they use. He went from basics things to watch for, to his current specific short themes. Jim chanos presentation from value investing congress. Jim chanos 5 value traps to avoid and 5 stocks that fit the mold. The game show will be based on the uk 80s show family fortunes. For those who arent familiar this is the sort of thing im looking for. Nov 20, 2012 chanos, the founder of kynikos greek for cynic associates said hp was one of the companies he regarded as the ultimate value trap in a presentation delivered in july at the delivering alpha. Hewlettpackard is ultimate value trap chanos related the story of why he began to consider shorting hp. That makes sense, but be advised that the market is littered with value traps stocks that look cheap but never substantially rebound. Kynikoss jim chanos is still waiting for hp institutional. At the end of the month, i have to give a presentation on a software project that ive been working on by myself that will basically decide whether or not i will get a fulltime job at the company im.
Since chanos took the delivering alpha stage and called hp the ultimate value trap, the companys stock has jumped almost 30 percent. This is where a companys profits are unsustainably high but the stockmarket has priced in that the current level of profits is sustainable. Jul 05, 20 legendary short seller jim chanos of kynikos is still waiting on a fall for pc maker hewlettpackard, despite a rebound in the companys stock. Jul 14, 2011 why the magic formula favors forprofit education stocks now. Jim chanos and the commodities supercycle at valuex vail. Chronito desktop pos is comprehensive but easy to use. Those bullish on companies that jim chanos is short had better do their home work he certainly. Hpq the ultimate value trap as it meets all five points of the characteristics for a value stock. Presentation design services dont have time or a designer on staff, but want a beautifully crafted flow with all the bells and whistles.
In fact, ive given some lectures on the concept of value traps. Jim chanos trades, portfolio has taken the road less traveled in his investing career, opting to. Thats when chanos gave a presentation at the cnbc institutional investor delivering alpha conference about the ultimate value trap. Energy stocks have shown you the dangers of investing in a. This is a rulesbased value fund with a builtin value trap. Knowing this fact shows just how much of a gamble an investor faces when investing in such a. We earlier wrote an aricle on jim chanos discussing five different value traps link here. Chanos has been negative on the entire pc industry citing the explosion.
Hewlettpackard is ultimate value trap chanos related the story of why he began to consider shorting hp hpq 11. Chanos chanos food industry, baloc, nueva ecija, philippines. Beyond continental resources, the industry itself is rife with problems, chanos said during his presentation. Hpq where he also labeled it a value trap citing 5 key points. Jim chanos full presentation on value traps posted by. Chanos is chairman of the coalition of private investment companies, whose members are diverse in size and the investment strategies they pursue. Chanos on mallinckrodt, express scripts, tesla and china.
Balance sheets should give you some sense of intrinsic value. Cyclical andor single product cycles sometimes become secular steel, autos. More than 680 professionally designed stamps and icons you can use directly in snagit, powerpoint and most other office and video software. Hedge fund titan jim chanos, the founder of kynikos associates, gave a presentation last week at valuex vail on how to spot a company that looks good, but is actually a value trap. The members clients include pension funds, asset managers, foundations, other institutional investors, and qualified wealthy individuals. Valuex vail 2011 thoughts from the conference, stocks. At the ira sohn conference on wednesday, jim chanos gave a presentation on being short seagate stx. Just like movies and music, chanos says that the value of their brick and mortar presence will collapse. Jim chanos attacks davita and throws shade at warren buffett davita is a midsized kidney dialysis company with strong free cash flows. That defines a value trap jim chanos, kynikos associates see jim chanos presentation on value trap for more examples we look at the same things everyone else does but with the idea that these are moving targets. Aug 12, 20 jim chanos and the commodities supercycle at valuex vail august 12, 20 about. Last year, he shared a presentation on hewlettpackard company nyse. Vitaliy katsenelson, author of active value investing, and creator of the katsenelson absolute pe valuation model, hosts a conference called valuex.
Nov 21, 2012 chanos, the founder of kynikos greek for cynic associates said hp was one of the companies he regarded as the ultimate value trap in a presentation delivered in july at the delivering alpha conference sponsored by cnbc and institutional investor. As most presenting software currently works, the presentation is static. Valuex vail 2011 thoughts from the conference valuewalk. In his presentation, chanos mentions five different value traps and names some stocks, too. May 23, 20 i presented on selling your software to businesses at last years twilio conference. Chanos began his presentation with a slideshow covering his short thesis on oil and gas giant royal. Improving the presentation quality of the flosheet versatility of gradient colors in pipeflo professional new custom shapes and symbols for pipeflo and flow of fluids. Presentation recommendation software recommendations stack. However im need some help trying to find an appropriate piece of software for the presentation.
Nov 14, 20 but legendary short seller jim chanos is publicly short hp, citing that its core business is declining. In chanos presentation, the hedge fund manager outlines how investors can separate value stocks from value traps. Im looking for a way to present to a live audience and incorporate their input into my presentation. Lessons for value investors in chanos thoughts and actions. Chanos entire presentation focused on how value investors can avoid value traps.
Dell, hpq and microsofts position in the dying pc industry. Be sure to check out all of our notes from the value investing congress. Ive been asked to design some onscreen graphics for an event next year. I will start with the first mentioned characteristic. Have one of our presentation designers craft a custom, branded presentation that will win you new business. Last year, he shared a presentation on hp where he also labeled it a value trap citing 5 key. Jim chanos full presentation on value traps valuewalk. Selling your software to businesses twiliocon 2012 presentation. He argues that gme looks cheap and will appear cheap all the way down. Heres jim chanos presentation on how to spot a crappy. In another presentation, chanos gave a spirited defense of short selling to.
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