Archive for the 'Leadership' Category

Join Eric Schleien with today's interview guest, Trey Henninger, as they talk about Entercom, Northfield Precision, and the new SEC rule that impacts dark companies and small businesses. By taking a close look at the outcomes and probabilities close to ETC and the merger made with CBS Radio, he explains what Entercom holds for the next 12-18 months and tells us the technicalities on why he thinks owning shares from the company can still end up positively.

Summary

In this episode, Trey will also be getting into all the old news, the expected, and the good with Northfield Precision Instrument Corp. Listen as he discusses the company's performance during the pandemic, their ROI report, and how NFPC will seemingly be affected by the new SEC rule that targets dark companies. For Trey, once the new regulation comes into effect in the following months or years, going expert or grey may become an option to be considered for Northfield.

Going in further on the upcoming SEC rule, tune in as Trey explains what the regulation aims to do, what it requires from business entities, how it can backfire, and what it means to trade without a quoted price –a scenario that may just mean good deals for experts. For him, there are always as many opportunities in matters like these as there are risks in every leverage.

 

About Trey Henninger:

Trey Henninger runs the blog and podcast DIY Investing. Trey is a private value investor focused on microcap and dark stocks in the United States. His focus is on high-quality companies with predictable, durable earnings where management has skin-in-the-game.

Trey runs a concentrated portfolio of 5 stocks with a 20% weighting each. By focusing on small companies, Trey hopes to find overlooked compounders at value prices. His favorite opportunities have a market cap below $50 million.

 

Outline of the episode:

  • [00:42] Entercom Communications – America's #2 Radio Broadcasting Company.
  • [02:18] ETC as a radio company and as a growing digital audio presence.
  • [02:49] The crashing merger of ETC and CBS Radio.
  • [03:46] Binary outcomes and the probabilities for the company now.
  • [06:55] What the debt market is telling about it.
  • [08:03] Covid as an excuse...; The company's ownership.
  • [09:49] A business with no assets, basically.
  • [13:09] Bad as expected – Northfield Precision
  • [15:54] What SEC Rule is, not retail investor-friendly.
  • [16:40] How the new regulation can backfire – a theory!
  • [18:25] What it means to not get quoted a price…
  • [19:45] Anytime you have leverage, there's risk and also lots of opportunities.

 

Resources:

CBS Radio and Entercom merger

Follow and subscribe to the new, The Eric Schleien Podcast:

 

About Eric Schleien:

Over the past decade, Eric has trained thousands of individuals, including board members of public companies as well as several Fortune 500 CEOs. Eric specializes in organizational culture and has become a leading authority on organizational culture in the investment industry.

Eric has been investing for 15 years and has been using breakthrough coaching methodologies for over a decade. Eric had the insight to combine proven coaching methodologies with shareholder activism techniques to create an entirely new model for shareholder activism that was more reliable and created greater sustainable results in a rapid period of time. On average, Tribal Leadership produces a 3-5x increase in profits of culturally troubled companies within an average of 24 months or less.

Eric currently resides in Philadelphia, PA.

 

Help Out The Podcast:

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CONTACT ERIC SCHLEIEN:

Facebook  |  LinkedIn  | Twitter  | YouTube | GSCM | Instagram

Email: intelligentInvesting@gmail.com

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Join Eric Schleien with his guests, Chelsea Dietsch and Tara Songster of Alluring Oddities, as they share stories about their income-generating passion for thrift shopping and what it took to make this side-project grow and continue growing.

More than just a business, Chelsea and Tara treat their passion as a venture wherein they can cultivate experiences for their friends, loved ones, and Buffalo's whole community. Community over competition is a general outlook that they endorse.

Learn more from their experiences as you tune in further to what Chelsea and Tara have to share.

 

About Alluring Oddities:

Alluring Oddities is a curated and cultivated gallery of mostly 60s or 70s offbeat thrifted treasures in Buffalo, NY. The brand is owned by Chelsea Dietsch and Tara Songster.

 

Outline of the episode:

  • [07:45] The fascination towards everything timeless in condition.
  • [09:53] Make money out of it, not: get rid of it.
  • [11:03] More than just a business, it's a lifestyle.
  • [13:22] Alluring Oddities: a thrift store's gross margin.
  • [14:37] Set your brand different from others.
  • [15:30] The resurgence in Buffalo's market.
  • [17:03] Why interact with your audience? Why research? Why benchmark?
  • [19:44] Connecting to peoples' stories through their belongings.
  • [25:43] On price tagging.
  • [26:34] "Community over competition."
  • [29:22] What your venture will mostly need from you.
  • [30:06] Putting everyone's strengths at work.

 

Resources:

 

Bounty Hunter TK4 Tracker IV Metal Detector

Value Investing 2nd Edition

Principles Of Power

 

Thrift at or Donate to Goodwill

 

Thrift at or Donate to Salvation Army

 

 

About Eric Schleien

Over the past decade, Eric has trained thousands of individuals including board members of public companies as well as several Fortune 500 CEOs. Eric specializes in organizational culture and has become a leading authority on organizational culture in the investment industry.

Eric has been investing for 15 years and has been using breakthrough coaching methodologies for over a decade. Eric had the insight to combine proven coaching methodologies with shareholder activism techniques to create an entirely new model for shareholder activism that was more reliable and created greater sustainable results in a rapid period of time. On average, Tribal Leadership produces a 3-5x increase in profits of culturally troubled companies within an average of 24 months or less.

Eric currently resides in Philadelphia, PA.

Help Out The Podcast

If you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!      

You can subscribe to the podcast on the following platforms:

 

CONTACT ERIC SCHLEIEN

Facebook  |  LinkedIn  | Twitter  | YouTube | GSCM | Instagram

Email: IntelligentInvesting@gmail.com

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#116: Robert Leonard

Summary

In this episode of the Intelligent Investing Podcast, I sit down with Robert Leonard who is the VP of Growth & Innovation at The Investor's Podcast Network. He is also the host of the Millennial Investing Podcast and the Real Estate Investing Podcast. To watch the video of this podcast on YouTube, click here.
 

Robert is a Certified Management Accountant (CMA) who graduated Cum Laude with a BSBA degree in Finance and Economics from the University of Massachusetts, where he also earned his MBA degree in Accounting and Finance. He is an accounting and finance professional with an immense passion for stock and real estate investing, business, entrepreneurship, traveling, and spending time with his friends and family.

Show Links

Support The Podcast

If you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!      

You can subscribe to the podcast on the following platforms:

 

CONTACT ROBERT LEONARD

 

CONTACT ERIC SCHLEIEN

Facebook  |  LinkedIn  | Twitter  | YouTube | GSCM | Instagram

Email: IntelligentInvesting@gmail.com

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Show Summary

Happy day before Halloween! This is a very special episode of The Intelligent Investing Podcast. I bring Brian Langis back on the show to discuss Brookfield Asset Management which we have discussed before. We go into some of the slides from Brookfield Investor Day 2019 on both Brookfield Asset Management and also some of their subs such as Brookfield Business Partners. We discuss larger trends, low and negative interest rates, valuations, and culture.

Cultural Activism

We spend quite a while on the cultural activism going on at Brookfield Business Partners led by their COO, Denis Turcotte. I had the pleasure of meeting him at the Brookfield Investor Day and noticed he wasn't just giving lip service to culture but actually doing it and knew he didn't learn this from business school. Many of you don't know this but I have a 10 year background in transformational coaching and a 7 year background specifically on organizational culture- not just understanding it but actually empowering organizations to elevate it. Brookfield Business Partners is actually working with businesses to elevate culture not just talk about it and no surprise, profits go up!

Better Culture Equals Greater Profits

One of the things I have discussed with my colleagues John King and Scott Forgey is that greater culture equates to greater profits. John King is the inventor of Tribal Leadership which is the most cutting edge and leading cultural transformation technology on the planet. Scott Forgey is working with me on empowering organizations to elevate their culture, except we are focusing on public companies. When an organization goes from what is known as Stage 2 to Stage 4, profits go up by an average of 300% - 500%.

Relevant Links For This Episode

  1. Eric Schleien interviews John King on Tribal Leadership | Thrive Global
  2. Cultural Activism: A New Model For Activism | The Intelligent Investing Podcast
  3. Netflix, Sears, Tribal Leadership | The Intelligent Investing Podcast
  4. How To Keep Large Companies Innovative | The Intelligent Investing Podcast
  5. The Oaktree / Brookfield Transaction | The Intelligent Investing Podcast
  6. 2019 Brookfield Investor Day Slides | Brookfield Asset Management Investor Relations
  7. Getting Into The Weeds: Recap on Brookfield Asset Management | The Intelligent Investing Podcast

Connect With Eric Schleien

  • Visit Eric Schleien’s Podcast
  • Visit Eric Schleien’s Twitter
  • Visit The Intelligent Investing Podcast’s Twitter
  • Like The Intelligent Investing Podcast on Facebook
  • Follow Eric Schleien on Facebook
  • Visit Granite State Capital Management’s Website
  • Follow Eric Schleien on Instagram

Connect With Brian Langis

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This was one of the most comprehensive and incredible interviews I've done. I don't think I've ever had so much fun doing an episode. Yes, I know, I know, this episode is LONG AF!!! 2 hours. It's insane. However, Scott is one amazing individual and it was a total honor to interview him.

Scott has led Transformational programs for over 100,000 people all over the world. The dude has coached top executives from all fields, award-winning architects and designers, Oscar and Tony-winning actors, Grammy Award-winning musicians and composers, athletes from the NBA, NFL and Formula 1, renowned chefs and tech startup geniuses. His practice brings together in-depth thinking from Silicon Valley with the wisdom and practices of advanced consciousness development. He gets FLOW and TEAM in a way that most others talk about in a way that makes want to roll my eyes, puke a little bit, and then call BULLSHIT on! Scott is the real deal.

We talk a little bit about Tribal Leadership which was discussed on previous episodes when I brought New York Times Bestselling author John King who invented the Tribal Leadership Technology onto the show, TWICE: 

Links are here:

#Episode 39: John King, Netflix, Tribal Leadership

And also here: John King - Tribal Leadership - A New Model for Shareholder Activism

You can reach out to Scott on his LinkedIn: https://www.linkedin.com/in/scottforgey/

And of course you can follow Me on Seeking AlphaTwitterFacebookLinkedIn, and GSCM.

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Episode #39 - Description & Show Notes

- Interview with John King, co-author of the New York Times Bestseller, Tribal Leadership

- Companies discussed: Netflix, Sears, Ben & Jerry's, Trupanion

- Discussion on Tribal Leadership Work + Bringing Aristotle's Work Back

- How this all ties into being a better business operator

- Discussions on Leadership & how the conversation is missing compared to many Eastern European countries who get it quicker

- John King's Udemy Course: Leadership by Design

If you register by November 1st, you get a 50% discount. Just use Coupon Code: INTELLIGENTINVESTING

 

 

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In this episode, Eric Schleien interviews Peter Buffett who is the son of Warren Buffett. This is a recording from 2010, about a week after Peter Buffett wrote his book, "Life Is What You Make It". Eric did this special interview on WRUB Radio at the University at Buffalo in Buffalo, NY.

If you'd like to support Peter Buffett via buying his book, you can purchase at this link: http://amzn.to/2BTmYmZ

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John King is co-author of The Coaching Revolution, from Adams Media, presenting best practices in the field of business and executive coaching. His second book, the New York Times  #1 best selling Tribal Leadership, published by HarperCollins, provided a unique and highly accessible cultural map.

John is in demand as a keynote speaker, and is internationally recognized as a senior teacher, coach, and program leader. His executive clientele have been featured on all major television networks and in New York Times, The Wall Street Journal, and Forbes. A brief sampling of John’s corporate, public sector and pro bono clients include Intel, Cedars-Sinai Health System, SEHA (Abu Dhabi) Southern California Edison, CB Richard Ellis, Colliers International, The California State Appointed Executives, Amgen, The American Express High Potential Executive Development Program, The Executive Committee of The Los Angeles Department of Public Health, and The Space Frontier Foundation. 

John is a frequent lecturer in the Marshall School of Business and the Price School of Public Policy at the University of Southern California. He delivers the capstone module, The Cultural Map, Triads and Strategy, for the University of Arizona Eller College of Management, Southwest Leadership Program, and was the 2012 Visiting Scholar on Leadership, lecturing on Culture, Triads and Strategy at the University of Oklahoma. 

Recently, John has also been teaching Leadership and Strategy at The University of Central Asia in Tajikistan, being simultaneously translated into Russian and Tajik. He was an honored guest lecturer at Texas State University in San Marcos Texas, The College of the Bahamas MBA Program in Nassau, Bahamas, and The Georgian Leadership Development Program in Tbilisi Georgia.

John is currently one of the senior faculty for the Central Eurasia Leadership Academy (CELA) at Koc University in Istanbul, Turkey, the Middle East Leadership Academy (MELA) in the Gulf Region, and is on the inaugural faculty for the Southeast Asia Leadership Academy (SEALA) in Chennai, India. John is Professor Emeritus at the Moscow International Leadership academy, a program he delivers via Skype. 

John is a certified facilitator of The Samurai Game®, conducts an intensive seminar regarding the establishment and sustainability of Communities of Honor, entitled, The Gatherings, and is currently developing his next book, Cultural Heros.

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