Comments on: Do As I Say, Not As I Do http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/ Value Investing Blog Mon, 16 May 2011 10:55:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Graham Jervis http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-2870 Graham Jervis Thu, 04 Jun 2009 06:57:59 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-2870 Hi Joe, based on the model, the share value is around 20.84 now, with a 25% MOS, the buy price is 15.63, at the moment of this writing the share price is 15.63. but as you said, you would tag a 50% MOS on this, then this would make the buy price 10.42. Hi Joe,

based on the model, the share value is around 20.84 now, with a 25% MOS, the buy price is 15.63, at the moment of this writing the share price is 15.63. but as you said, you would tag a 50% MOS on this, then this would make the buy price 10.42.

]]> By: Joe Ponzio http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-2711 Joe Ponzio Wed, 25 Feb 2009 15:50:11 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-2711 I still own it from the $10s, though I think that the value has certainly fallen somewhat. I'll consider selling it around $16-$18, give or take. I still own it from the $10s, though I think that the value has certainly fallen somewhat. I’ll consider selling it around $16-$18, give or take.

]]> By: Dan http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-2705 Dan Mon, 23 Feb 2009 10:51:58 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-2705 Hi Joe - NTRI is another stock I've been watching closely, per your excellent analysis. It's trading down ($11 today) based largely on the drop in revenue and management's lack of visibility with consumer spending. Do you still own this stock, and more importantly, do you feel the company's intrinsic value has changed due to the rapidly deteriorating economy? It seems that overpriced mail order meals would be the first thing cut from a household's budget in times like these. Hi Joe – NTRI is another stock I’ve been watching closely, per your excellent analysis. It’s trading down ($11 today) based largely on the drop in revenue and management’s lack of visibility with consumer spending. Do you still own this stock, and more importantly, do you feel the company’s intrinsic value has changed due to the rapidly deteriorating economy? It seems that overpriced mail order meals would be the first thing cut from a household’s budget in times like these.

]]> By: Daniel Davy http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-2663 Daniel Davy Sat, 14 Feb 2009 04:29:39 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-2663 I bought NTRI around June 10 of last year for 18.53, cost. And then bought it again on June 27 or 28 net at 15.58, and have been holding the total position since then at a net cost of 17.45. So my thinking seems (at least here!) to be consistent with yours.... I bought NTRI around June 10 of last year for 18.53, cost. And then bought it again on June 27 or 28 net at 15.58, and have been holding the total position since then at a net cost of 17.45. So my thinking seems (at least here!) to be consistent with yours….

]]> By: Joe Ponzio http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-1957 Joe Ponzio Wed, 23 Jul 2008 17:33:58 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-1957 <b>Howard:</b> Practice + Google makes perfect. Send me an email explaining some of the things that are going over your head and I'll see if I can help. <b>AJ:</b> Why the company is not disclosing it is beyond me. I was on today's conference call and the CFO made it sound like a small deal in terms of actual dollars. My hope is that management is doing a good job of reinvesting my owner earnings. Only time will tell; so, I barely gave that news release a thought. Howard: Practice + Google makes perfect. Send me an email explaining some of the things that are going over your head and I’ll see if I can help.

AJ: Why the company is not disclosing it is beyond me. I was on today’s conference call and the CFO made it sound like a small deal in terms of actual dollars. My hope is that management is doing a good job of reinvesting my owner earnings. Only time will tell; so, I barely gave that news release a thought.

]]> By: AJ http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-1910 AJ Wed, 09 Jul 2008 08:43:08 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-1910 Joe, How does this alter your valuation of the company? Since they don't disclose terms of the purchase or any dilutive effects thereof? thanks Anand NutriSystem Inc. said Wednesday it has acquired the assets of PowerChow LLC's Nu-Kitchen for an undisclosed sum in a move that takes the provider of weight-loss meals and services into the freshly prepared meals business. Nu-Kitchen delivers freshly prepared meals designed to promote weight management and healthy living to customers in the New York area. Customers choose from more than 200 meals containing fresh and natural ingredients that appear in rotation on the company's weekly menus. Horsham, Pa.-based NutriSystem (NASDAQ:NTRI) plans initially to extend NuKitchen's local daily delivery service to the northeastern United States and eventually to roll it out nationwide. NutriSystem will preserve the Nu-Kitchen brand and product offerings as a complement to the shelf-stable selections in its NutriSystem Advanced program. Nu-Kitchen co-founders Mark Newhouse and Bryan Janeczko will manage the Nu-Kitchen brand and oversee the expansion of its local daily delivery service. Joe, How does this alter your valuation of the company? Since they don’t disclose terms of the purchase or any dilutive effects thereof?

thanks

Anand

NutriSystem Inc. said Wednesday it has acquired the assets of PowerChow LLC’s Nu-Kitchen for an undisclosed sum in a move that takes the provider of weight-loss meals and services into the freshly prepared meals business.

Nu-Kitchen delivers freshly prepared meals designed to promote weight management and healthy living to customers in the New York area. Customers choose from more than 200 meals containing fresh and natural ingredients that appear in rotation on the company’s weekly menus.

Horsham, Pa.-based NutriSystem (NASDAQ:NTRI) plans initially to extend NuKitchen’s local daily delivery service to the northeastern United States and eventually to roll it out nationwide. NutriSystem will preserve the Nu-Kitchen brand and product offerings as a complement to the shelf-stable selections in its NutriSystem Advanced program.

Nu-Kitchen co-founders Mark Newhouse and Bryan Janeczko will manage the Nu-Kitchen brand and oversee the expansion of its local daily delivery service.

]]> By: Howard http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-1909 Howard Wed, 09 Jul 2008 05:19:18 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-1909 Joe, Any good books or articles you've read which lend a helping hand in how to interpret these quarterly and yearly financial reports? I've got the numbers and valuation stuff somewhat understood with your help (thanks), but a lot of the other stuff goes over my head. Thanks, Howard Joe,

Any good books or articles you’ve read which lend a helping hand in how to interpret these quarterly and yearly financial reports? I’ve got the numbers and valuation stuff somewhat understood with your help (thanks), but a lot of the other stuff goes over my head.

Thanks,

Howard

]]> By: Joe Ponzio http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-1908 Joe Ponzio Tue, 08 Jul 2008 19:09:39 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-1908 Bill, I had to take a look at the most recent quarterly report and then see if any insiders are buying or dumping. Then, I revisited my valuation to double check my confidence level. Even my (almost) worst case scenario evaluation tells me this is cheap. Bill,

I had to take a look at the most recent quarterly report and then see if any insiders are buying or dumping. Then, I revisited my valuation to double check my confidence level.

Even my (almost) worst case scenario evaluation tells me this is cheap.

]]> By: Bill http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-1897 Bill Tue, 01 Jul 2008 06:25:35 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-1897 Joe- To continue my education and understanding, what kinds of due diligence will you be doing? Just looking for any news that would affect the present view (increased insider selling, new legal actions, etc.), or is there additional financial review to be done? (In addition to rerunning the numbers with the very latest plugged in, of course.) And by the way - what's the latest status on the book? Thanks! - Bill Joe-

To continue my education and understanding, what kinds of due diligence will you be doing? Just looking for any news that would affect the present view (increased insider selling, new legal actions, etc.), or is there additional financial review to be done? (In addition to rerunning the numbers with the very latest plugged in, of course.)

And by the way – what’s the latest status on the book?

Thanks!

- Bill

]]> By: Joe Ponzio http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do/#comment-1895 Joe Ponzio Tue, 01 Jul 2008 03:39:34 +0000 http://www.fwallstreet.com/article/134-do-as-i-say-not-as-i-do#comment-1895 I have a little due diligence to do. If it still looks attractive, I'm considering it. I'm not crazy about the company, but I might take a small position (3%-5% of the portfolio). It's priced as though it will experience a 40% or 50% hit to sales; I don't think it will be that bad. Again - I have some due diligence to do, but the price is looking really good. I have a little due diligence to do. If it still looks attractive, I’m considering it. I’m not crazy about the company, but I might take a small position (3%-5% of the portfolio). It’s priced as though it will experience a 40% or 50% hit to sales; I don’t think it will be that bad.

Again – I have some due diligence to do, but the price is looking really good.

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