When Will The Tesla Stock Promote Finally Fail???

October 31, 2017 8:57 AM


The history of industry leading consumer tech products has not been kind to investors who overstay their welcome. You need look no further than all the hundreds of notable recent failures, to realize that these companies almost always flame out. The list below (in no particular order) is a nice trip down memory lane of former favorites, that are now either bankrupt or shells of their former selves—often consumed by some other entity that fortunately put them out of their misery. Of course, t... more

Categories: Current Investments
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My Big Fat Greek Tax Scam

October 26, 2017 10:32 AM


To see part 1, click here Sacha Imbert (Portfolio Manager at RBC): Hey Kuppy, this receipt says we’ve just used a Bulgarian POS to pay for lunch!!!Me: Whoa!!! That can’t be right.Waiter: Don’t worry, it’s a famous Greek trick. Revenues go to Bulgaria, expenses stay in Athens. We also get around the exchange controls.Me: Won’t the Greek government get upset?Waiter: Actually, they’re pretty happy we’re screwing the Germans… How else will the economy grow?Sacha: No wonder the Greek Banks have such ... more

Categories: Travels
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Greece: An Ouzo Hangover Of Mythological Proportions

October 25, 2017 1:25 AM


Back in July, I re-posted an article that my good friend, Chris, at Capitalist Exploits had written about Greece. I had found the idea of a Greek economic recovery intriguing, but hadn’t really followed up on it. Over the following weeks, a number of people reached out to me and noted that I really should take a more serious look. In particular, they said that I should look at the Greek banks, as they are potentially undervalued and highly leveraged to any recovery. Since the flight from Bishkek... more

Categories: Travels
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Kuppy Does Kyrgyzstan...

October 22, 2017 4:21 AM


“No pork tonight because this is a Muslim country, but don’t worry, we’ll drink twice as much vodka to make up for it”Yup, I’m in Kyrgyzstan, checking off another box, on my long-postponed ‘Stan tour. Like all good adventures, this one started over drinks with some new-found friends.Him: You really should go visit our stock exchangeMe: Sure, can you make an introduction to someone there?Him: It’s not needed. Just show up. Don’t worry, they’ll be happy to see youThe next morning, while shaking of... more

Categories: Travels
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Sold My NZME

September 14, 2017 11:20 PM


Back in February, I wrote about NZME LTD (NZM – Australia), the dominant and highly undervalued media group in New Zealand. At the time, I said that “results will probably range between meh and bleh…,” which is what first half 2017 results showed—declining revenue and stable EBIT. While the stock is certainly cheap at about five times cash flow and an 11.5% dividend yield, NZM was always a place-holder for me until something better came along. I’m increasingly finding better opportunities that c... more

Categories: Current Investments
Positions Mentioned: none
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