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Junk Land

A lot about nothing

Looking at the portfolio that Wes Edens has built

In 2014 Herb Kohl was looking to sell a majority stake of the Milwaukee Bucks. Wes Eden and his partner Marc Lasry were willing to make an offer offering 550 million dollars. This offer was accepted on the condition that the two new owners would do everything it took to keep the Bucks in Wisconsin. The duo also promised to build a new stadium for the team that would cement their stay in the city. They recently commissioned the new stadium keeping the promise they had made to Herb in 2014. This was yet another achievement for businessman and investor Wes Edens. The former BlackRock managing director and partner has come a long way since he graduated from the Oregon State University with a Bachelors in finance and Business administration. After completing University, he joined a local bank in his home state before a friend encouraged him to move to New York, where he believed Wes Edens held better opportunities to progress in finance. Once he moved, he found a job at Lehman Brothers where he would work until 1993.

Wes Edens and his partners founded the Fortress Investment Group in 1998 and from that time he has committed his time and resources to the group’s operations. As the group continued to grow, his role grew joining the board of directors in 2006. He has remained a member of the board since then, and he remains committed to the group even after its acquisition by SoftBank. The acquisition, which was completed last year saw the shareholders get a 40 percent premier per share, which was a fair offer from the bank.

Wes Edens has spoken candidly about the acquisition sounding optimistic about the acquisition, especially following the new capital injection that came with the acquisition. The Fortress Investment Group had already acquired Brightline, a company that offers private passenger train services in Florida. They have been increasing the number of routes that they offer and in doing so continuing to grow the group’s portfolio within the Transport & Infrastructure sector. This has been an area that Wes has been very interested in and is keen to support.

Paul Mampilly Believes Hard Work Is The Key To Investing

The world of investing has been changing a lot in the last decade or so. Technology that used to only be available for the largest financial institution is now easily accessible by almost everyone. Paul Mampilly, a seasoned investor and now publisher, is excited about the potential that this technology is bringing to investors who have made the decision to go about it on their own. In his new position at Banyan Hill Publishing Paul Mampilly is able to share his knowledge about the financial industry and investing with people from many different walks of life.

Robots and artificial intelligence are now using algorithms to help make good investment decisions by predicting the possible outcomes of each transaction. Prior to the utilization of this technology, this work was tedious and left to be completed by humans. This practice has completely changed the way investing works.

Paul Mampilly believes that putting in the work is something that can’t be avoided in order to successfully invest. He starts his day early and works at least until the markets are closed for the day. 12 to 14 hours a day are spent by Mampilly reading and researching what is going on in the markets to ensure that he is making the best decisions possible.

Born in India, Paul Mampilly worked his way up from living in tiny village to being a successful investor on Wall Street. At a young age, he knew that he wanted to become a success and through a combination of aggressively approaching his ambitions and good timing, he achieved just that. His sister joined him on his journey from a small village to the biggest city in India, Dubai and eventually became college graduates.

Paul Mampilly began his career in finance as an assistant portfolio manager at Bankers Trust Company before becoming a full portfolio manager. He made the transition into a research assistant after Bankers Trust was acquired by Deutsche Bank. No matter the position that he held in the industry, he believes in being diligent with his work through proper research and following up on potential investments.

Visit More : epodcastnetwork.com/paul-mampilly-on-trading-wall-street-for-main-street/

Christopher Linkas’ Advice to Young People

Young people are the future of any nation. A country that has empowered young people is set to experience growth when these fresh people become aged and get into leadership positions. In an ideal world, people should start enjoying life once they complete their studying. However, this is not usually the case in many instances. Many problems affect the youths and if they are not handled at an early stage, they lead to compromising their future. Some of the difficulties that the youth undergo as they try to fit into the world include the following:

 

  1. Financial Illiteracy. It is common gospel among the youths that education is the key to all the good avenues of life. However, in this era of the massive unemployment rate, this statement sounds so farfetched than it was in the past years. Lack of knowledge on how to handle the different financial situations that one finds himself in is a glaring issue among the youths. They do not know how to handle bills, savings, and personal development. Chris Linkas, a financial expert, advises that the youths should do anything that they can to ensure that they get this invaluable information. This will greatly aid in overwriting the unproven imaginations that young people usually have about the future.

 

  1. Repayment of Student Loans. These days, education is becoming more expensive than before. Students are having to take loans to survive the large amounts of school fees that are charged as well as keeping up with the high living standards. However, these loans end up becoming a thorn in the fresh to most of them when it comes to repayment. This is primarily because after completion of school young people earn very little amounts due to lack of experience. This meager amount is supposed to pay for the individual’s bills as well as pay the loan. Chris Linkas believes that having a debt management strategy is something that everyone should have a way of learning.

 

Chris Linkas is a financial expert who has worked in this field for more than 25 years. He has worked with various reputable firms, and this makes him very knowledgeable in matters of investments.

Perry Mandera on Staying Productive

Perry Mandera is the founder and CEO of The Custom Companies, Inc., a transportation and shipping company based out of Illinois. His experience in this industry began years earlier. After graduating high school, Mandera joined the Marines Reserves. While he was in the Marines, he was in charge of transporting troops and supplies.

 

Even though Mandera’s livelihood depends on the success of his business, he is equally committed to giving back to the community and charitable work. As often as possible, Mandera, donates supplies, time, resources, and money to a number of programs; particularly programs with the goal of helping the less fortunate.

 

All of Mandera’s experiences have given him wisdom and advice that everyone can benefit from. From how he begins his day, how is able to stay productive, to various failures and successes he has had.

 

Perry Mandera ensures that he stays caught up, and in order to do this, he responds to all phone calls and emails before he goes to bed. Upon waking up in the morning, he does the same thing; this way he starts out his day caught up instead of behind. During his lunchtime he meets with vendors or employees to ensure that jobs are getting done and to receive or give updates as necessary. He also attends a number of events after work throughout the week and still makes sure that he makes time for his family.

 

Being so busy requires Mandera to stay productive. One way he does this is by completing jobs correctly the first time, that way he doesn’t have to spend time redoing it in the future. Additionally, if he, along with his employees, do the job right the first time, it allows other people to complete their jobs instead of having to fix other people’s.

 

Despite his success, Perry Mandera has had some unfortunate failures. At one point he invested into a company that ended up losing him a lot of money. While it obviously didn’t make him happy, he learned and grew from the experience; and that is what is the most important, to constantly learn and grow.

read more about perry in the following link below

Questions About The Custom Companies Inc and CEO Perry Mandera

Sahm Adrangi Released A Negative Report Regarding The St. Joe Company Due To New SEC Rules

A negative report has been published by Kerrisdale Capital. Sahm Adrangi has explained the company’s position regarding NYSE: Joe or The St. Joe Company. This is a real estate development firm in Florida. There is a large area of desolate land close to Panama City Beach they plan to transform into a nice destination for businesses and retirees.

It is unlikely St. Joe’s development of the land will justify the $1 billion current valuation of the company. Sahm Adrangi has said the land holdings are desolate, remote and swampy. The only way the current valuation can be justified is for 400k square feet of space for commercial uses in addition to 2,700 home sites being sold each year for the next fifty years. This would make the new retirement district of St. Joe’s the best selling community in America. The amount of commercial real estate sold would exceed the entire 2017 Panhandle market.

The reality is St. Joe has made little progress on the interior land. Checks made by Kerrisdale Capital and Sahm Adrangi have established minimal activity regarding signs of advancement, permit filings and building department inquiries. Sahm Adrangi stated the feasibility of the interior lands now are no better than the during the decade old proposal. He said the investors have already been waiting years and their suffering will likely continue for many more. St. Joe is struggling to monetize the land at a pace to justify the valuation.

The shareholder problems have been compounded by the required compliance of their biggest investor, the Fairholme Funds. Two months ago the new rules for SEC liquidity went into effect. The assets of the Fairholme Fund have decreased in excess of ninety percent from their peak. As these assets decline a bigger percentage of the fund is required by St. Joe. Over a third of St. Joe’s shares are being held by Fairholme. The new rules mean their position should be cut fifty percent. The shareholders of St. Joe are now facing the uncertainty and risk of a forced seller due to the required compliance of the new SEC regulations.

https://www.prnewswire.com/news-releases/sahm-adrangis-kerrisdale-capital-issues-negative-report-on-eastman-kodak-company-300594897.html