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Semi-Retired Fund Manager
Contributor's Links: Bronte Capital Cooking With John
My name is John Hempton and I am a (semi) retired fund manager based in Sydney Australia. My key expertise is in banks and insurance companies though my investing interests extend widely. I run the Bronte Capital Blog. The purpose of this blog is to explore investment ideas. It differs from most ...more

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Being Punished For Doing The Obvious: Peabody Energy Corp Edition
It is no secret that US coal companies are financially stretched.
Valeant: O Tidings Of Comfort And Joy
Valeant stock has fallen back amid worry that sales of Medicis's blockbuster drug, Solodyn, may be declining faster than expected.…
Alibaba - Yeah Right Jack
Alibaba is a massive retailer in China. The company estimates that there are 367 million users on the service spending around $US1,056 per person annually.
Hanergy: Let There Be No Doubt
Now it can be told: Hanergy barely existed.
The Herbalife Compensation Puzzle
This is not the pyramid scheme Bill Ackman told us about.
Rolls Royce And The Sequoia Letter
Rolls Royce has a business in very big diesel engines. All of this business looks pretty bad at the moment - the cycle looks bad - and the barriers to entry look far lower than the core jet engine business.
Maximus And Outsourced Unemployment Services In Australia
Maximus is a large cap and highly valued government outsourcing company based in Reston Virginia (outer suburban Washington).
The Epic Retrophin 8-K Filing
Late on Friday is when companies tend to release unflattering information - like the RTRX disclosure of some scoundrelly activities by its former CEO.
Dear Eurozone Officials, Mr Putin Is Waiting
The only reason the Greek government needs money (ever) is to roll existing debt. If they default on existing debt that problem goes away.
It Is Time To Close Saxo Bank Down
Saxo Bank is a retail foreign exchange trading bank. The idea of forex trading as a retail product is mildly offensive any way.
The Return Of Cookie-Jar Earnings: United Technologies Edition
I was struck with the forthrightness with which Gregory Hayes (now the Chief Executive Officer) discussed earnings manipulation.
Northern Oil And Gas: Michael Reger's Deeply Misleading Tweet
You may wonder how you possibly have accounts payable of almost twice quarterly revenue (and eight times cost of goods sold).
Nu Skin Results
Nu Skin produced bad results - with sales declining in pretty well every region.
That Supposed Herbalife Miss
Herbalife results was a miss on volume growth. And first I was disappointed - but as I read the 10-Q carefully I became more and more cheered.
Herbalife Earnings Preview
Herbalife has grown volumes in almost every region in almost every quarter for a very long time. This volume growth slowed in the last quarter.
Nu Skin's Capital Structure Makeover
Yesterday Nu Skin announced that they had a new loan to replace the old loan. This was essential because the old loan was about to breach its covenants and an event of default would not be a good thing for Nu Skin shareholders or their management.
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