Value Investing Live: Keith Smith on Operational Leverage, Franchises & Markets in Transition

Keith D. Smith, CFA and Portfolio Manager

Smith brings over 20 years of valuation experience to the Bonhoeffer Fund. In addition to managing the fund's portfolio, he serves as a director for Enterprise Diversified, Inc., and as an advisor to Willow Oak Asset Management, the fund's general partner. He is a CFA charterholder and received his MBA from UCLA. He has held positions with Empire Valuation Consultants, PwC, Management Consulting & Research, and served as a captain in the U.S. Air Force.

Keith returned with updated stock ideas and new market insights.

$SSP $CNSL

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00:00 Intro
01:05 Welcome
02:15 Disclaimer
02:30 Franchise Firms
03:45 Markets in Transition
07:10 Fragmented Markets
10:45 Corporate Options
13:15 Valuation in Markets in Transition
16:50 Consolidation Models
18:15 Categorization of Consolidators
20:15 Characteristics of Consolidators
23:50 Benchmarking of Consolidators
28:55 E.W. Scripps
58:40 Consolidated Communications
1:19:20 Conclusion
1:19:45 Questions
1:33:28 Goodbye
1:33:59 Outro

Видео Value Investing Live: Keith Smith on Operational Leverage, Franchises & Markets in Transition канала GuruFocus