tag:blogger.com,1999:blog-9031526429482744032.post6273553546763030454..comments2024-03-27T08:05:06.228-07:00Comments on Don't fuck with Donville: DisgustedPenetratorhttp://www.blogger.com/profile/01670644029306203741noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-9031526429482744032.post-24784852536018630202017-04-26T18:21:46.785-07:002017-04-26T18:21:46.785-07:00What I find most shocking about the Home Capital e...What I find most shocking about the Home Capital episode is that this is an owner operator type company. Gerald Solloway spent a good chunk of his life building this thing out. His legacy slashed and burned in a year. I hope the lesson is when we think about investing in any company, what value does it add to the whole value chain? Constellation Software seems to add value by giving retiring small software shops liquidity for their businesses and improves the product for users of their software through cross pollination of best practices. The other possibility is no matter what system we use for investment, there will always be some misses. Maybe they both can be true.Anonymoushttps://www.blogger.com/profile/16309241914114536054noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-74643321348983805102017-04-26T14:18:35.086-07:002017-04-26T14:18:35.086-07:00Does anyone know if Donville is still holding a si...Does anyone know if Donville is still holding a significant position in Home Capital? Anonymoushttps://www.blogger.com/profile/08056030195668745237noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-10056678093874533042017-04-23T07:41:57.842-07:002017-04-23T07:41:57.842-07:00I don't really disagree with you.I don't really disagree with you.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-14579984042417918652017-04-23T03:40:36.450-07:002017-04-23T03:40:36.450-07:00To be honest there are no guarantees of anything i...To be honest there are no guarantees of anything in this world so you have to deal in probabilities. It's been my experience that insider ownership puts management and shareholders in the company they manage on the same side of the table. That can only be a good thing. Just my opinion of course. Gavinhttps://www.blogger.com/profile/04771103734767703683noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-4363972787565805082017-04-22T20:09:43.753-07:002017-04-22T20:09:43.753-07:00Yeah, but insider ownership isn't always an in...Yeah, but insider ownership isn't always an insurance of honesty. I think that the best insurance we have is a long track record for the same management. Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-21064759995142912682017-04-21T04:51:50.015-07:002017-04-21T04:51:50.015-07:00To echo what Angelo spoke about. I think when seni...To echo what Angelo spoke about. I think when senior management owns a meaningful amount of stock in their own company it can only align their interests with that of their shareholders. It’s probably the best proxy there is for everything a shareholder wants to look for in a stock. Gavinhttps://www.blogger.com/profile/04771103734767703683noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-58684470968810599182017-04-21T04:21:34.068-07:002017-04-21T04:21:34.068-07:00The front page story in the Journal de Montreal (Q...The front page story in the Journal de Montreal (Quebec's #1 daily newspaper) on Thursday was about Mitch Garber's $275 million compensation last year... for running Caesar's Entertainment group (running it into the ground)?! This casino company is going bankrupt and restructuring and the guy at the top somehow gets $275 million for his outstanding performance??? Creditors may pursue Caesers and Mitch Garber for up to $1,000,000,000.<br />When I invested in the biggest drug wholesaler in the world (McKesson), I discovered a compensation package of $145 million that year for the CEO. What the @#$! ? They are just stealing our money.<br />You need to look hard for companies where the management have skin in the game and try to gain from making the stock price go up (not fleecing the shareholders). <br />The most impressive CEO I have come across is Mark Leonard of Constellation Software who makes $1 per year, guarantees us that the company will never dilute, and forces all his employees to fly economy class and control expenses at every turn. He has made hundreds of millions of dollars by making the stock price go up. Your interests and his interests are aligned. Angelo Dallashttps://www.blogger.com/profile/15684479515068422912noreply@blogger.com