The Intelligent Investing Podcast

#54: Meritage Hospitality Group (MHGU)

Eric Schleien interviews DTEJD1997 about Meritage Hospitality Group (MHGU). The company has an interesting model. They are buying up Wendy's franchises at 4x EBITDA, often from people who want out of the business. The stock trades at low multiples to earnings. Could be an interesting long-term investment. As always, I keep the identity of DTEJD1997 private and nothing in this podcast should be deemed as a buy or sell recommendation of any security. As of the time of this writing, myself, Eric Schleien, nor clients of Granite State Capital Management, LLC own any shares of MHGU. However, that could change at any time without prior notice. 

Connect with Eric Schleien: 

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#53: The Oaktree Capital / Brookfield Asset Management Transaction; Brian Langis

Episode #53 of the Intelligent Investing Podcast brings back Brian Langis to discuss the recent transaction between Brookfield Asset Management (BAM) and Oaktree Capital, LLC (OAK). 

Full Link:

https://ericschleien.com/podcast/brian-langis-the-oaktree-capital-brookfield-asset-management-transaction/

 

Connect with Brian Langis: 

Visit Brian Langis' BLOG: https://brianlangis.wordpress.com/author/brianlangis/

Visit Brian Langis' SEEKING ALPHA: https://seekingalpha.com/author/brian-langis

Visit Brian Langis' LINKEDIN: https://www.linkedin.com/in/brianlangis/

Visit Brian Langis's FACEBOOK: https://www.facebook.com/brian.langis

Visit Brian Langis' TWITTER: https://twitter.com/absolut_brian

 

Connect with Eric Schleien: 

Visit Eric Schleien's PODCAST: https://www.EricSchleien.com/Podcast

Visit Eric Schleien's TWITTER: https://twitter.com/ericschleien

Visit The Intelligent Investing Podcast's TWITTER: https://twitter.com/investingcast

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Follow Eric Schleien on INSTAGRAM: https://www.instagram.com/ericschleien/

#52: Brian Langis; Commentary on Warren Buffett's CNBC Interview and Letter

In this episode, Eric Schleien and Brian Langis discuss Warren Buffett's CNBC interview from Monday, February 25, 2019. We also discuss Warren Buffett's letter that was recently released on Saturday. You can find a podcast on the letter, here: https://intelligentinvesting.podbean.com/e/2018-berkshire-hathaway-letter-to-shareholders-intelligent-investing-podcast-eric-schleien/

 

Show Links: 

1) CNBC Full Interview with Warren Buffett: https://www.cnbc.com/video/2019/02/25/warren-buffett-cnbc-full-interview-berkshire-hathaway.html

 

Connect with Brian Langis: 

Visit Brian Langis' BLOG: https://brianlangis.wordpress.com/author/brianlangis/

Visit Brian Langis' SEEKING ALPHA: https://seekingalpha.com/author/brian-langis

Visit Brian Langis' LINKEDIN: https://www.linkedin.com/in/brianlangis/

Visit Brian Langis's FACEBOOK: https://www.facebook.com/brian.langis

Visit Brian Langis' TWITTER: https://twitter.com/absolut_brian

 

Connect with Eric Schleien: 

Visit Eric Schleien's PODCAST: http://intelligentinvesting.podbean.com

Visit Eric Schleien's WEBSITE: https://www.EricSchleien.com

Visit Eric Schleien's TWITTER: https://twitter.com/ericschleien

Visit The Intelligent Investing Podcast's TWITTER: https://twitter.com/investingcast

Like The Intelligent Investing Podcast on FACEBOOK: https://www.facebook.com/theintelligentinvestingpodcast/

Follow Eric Schleien on FACEBOOK: https://www.facebook.com/eric.schleien

Visit Granite State Capital Management's WEBSITE: https://www.GSCM.co

Follow Eric Schleien on INSTAGRAM: https://www.instagram.com/ericschleien/

#51: 2018 Berkshire Hathaway Letter to Shareholders

Warren Buffett released his letter to shareholders this morning. I break it down with my thoughts and go over some of the key highlights.

 

The full letter can be found here: http://www.berkshirehathaway.com/2018ar/linksannual18.html

 

If you'd like to connect with me regarding the letter to discuss more, feel free to reach out!

 

Connect with Eric Schleien:

Visit Eric Schleien's PODCAST: http://intelligentinvesting.podbean.com

Visit Eric Schleien's WEBSITE: https://www.EricSchleien.com

Visit Eric Schleien's TWITTER: https://twitter.com/ericschleien

Visit The Intelligent Investing Podcast's TWITTER: https://twitter.com/investingcast

Like The Intelligent Investing Podcast on FACEBOOK: https://www.facebook.com/theintelligentinvestingpodcast/

Follow Eric Schleien on FACEBOOK: https://www.facebook.com/eric.schleien

Visit Granite State Capital Management's WEBSITE: https://www.GSCM.co

Follow Eric Schleien on INSTAGRAM: https://www.instagram.com/ericschleien/

#50: David Yarus — Founder of JSwipe & mllnnl

In this episode, @EricSchleien interviews @DavidYarus who is the founder of mllnnl, a millennial marketing agency that helps global brands and non-profits understand and engage the modern consumer. David is also the founder of JSwipe, the world's largest and fastest-growing Jewish dating app, with more than 1 million users across 70 countries - acquired by Spark Networks in 2015. He is passionate about human connection, millennial empowerment, and all things #future. Previously, David was the general manager of Mr Youth, where he ran the youth marketing for brands like Coca-Cola, Microsoft, and Spotify. David spends his free time thinking about Facebook ad strategy, studying consumer behavior, and exploring the interplay of presence and hustle.

Links:

• https://www.mlln.nl/
• https://jswipeapp.com/

 

#49: Google; PayPal; How To Keep Large Companies Innovative; Competitive Moats; Interview with Scott Forgey

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 Alpha, Twitter, Facebook, LinkedIn, and GSCM.

#48: Eric Schleien & Anthony Waldichuk discuss National Stockyards (NSYC)

In this episode, Eric Schleien & Anthony Waldichuk discuss National Stockyards (NSYC). 

 

According to Oddball Stocks:

 

Here's the backstory. A long time ago in a faraway place, there was a company that owned stockyards.  A stockyard is a place where cattle are auctioned off to buyers.  Ranchers drive their cattle by horse, or train, or truck to the stockyard at pre-determined dates when auctions are held.  Cattle buyers come and purchase the ingredients for your burgers and steaks and the ranchers return home without cattle, but with pockets full of cash.

The company was established in the 1870s in Oklahoma.  The date and place invoke images of cowboys and Indians, saloons and western movies.  Those days are long gone and the company now consists of three things, their Oklahoma stockyard that's still transacting cattle, a plot of empty land near St. Louis, and an ownership interest in a golf course.

 

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Following Anthony on Twitter  

#47: The Poor Man's Warren Buffett

In this episode, Eric Schleien & Anthony Waldichuk discuss Scope Industries (SCPJ). Company is super under the radar. The CEO has been at the helm for 6 decades and has built a pretty good long-term track record as a value investor. Was amazed that I had never heard of him before this episode. Totally interesting stuff! Anthorny refers to the CEO as the Poor Man's Warren Buffett.

 

Hope you enjoy!

 

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#46: Southern Reality (SRLY)

In this episode, Eric Schleien & Anthony Waldichuk discuss Southern Reality (SRLY) which is an oil & gas royalty business with a stock and bond portfolio attached.

 

Follow Eric on Seeking Alpha, Twitter, Facebook, LinkedIn, and GSCM.

SA Article: https://seekingalpha.com/article/4235934-southern-realty-podcast

#45: Avoca, LLC (AVOA)

Avoca, LLC (AVOA) is a publicly traded, non-reporting limited partnership that owns a 16,000-acre island off the coast of New Orleans. They have a few side businesses, some potential use for the land, and have a stock and bond portfolio worth the market cap. These dark companies are fun!

Follow Eric on Seeking Alpha, Twitter, Facebook, LinkedIn, and GSCM.

A writeup of this podcast was also published on Seeking Alpha which you can find here: https://seekingalpha.com/article/4236410-want-buy-island-avoca-llc-podcast