OscarSchaeferO.S.S.

CapitalManagement
BarronsTheArtofSuccessfulInvestingConferenceOctober21,2013
Marketmultiplesshouldbe1820XaccordingtoTepperandheagrees
Heisgenerallybullishonthemarketattheselevels
FindingalotofcompaniesinEurope
o ORKLA,verybullish
GoodfriendswithSamZellwhohassuccessfullyusedNOLstohisadvantage
o Parpetroleum(PAR)has$1.50indiscountedNOL[stockisat$2.05asof10/23/13]
o 94barrelcapacity
IslongNorthgate
LikesHertz(HTZ)
o Longtermeverythingisinplacetoperformwell
Doesntbetonbinarysituations
Hedgefundsasanassetclasswillcontinuetodowellbutsuccessionisaproblem
SoldLazardat$39[stockisat$38.00asof10/23/13]
Companiesarenotdeleveragingbuttheconsumeris
BerryPlasticsGroup(BERY)isanopportunitytoinvestinanLBO[anewwaytodescribeover
leveredequities?]
o OwnsnewcuptechnologycalledVersalitethatisplasticandcanhandlehigh
temperatures
o LikelytoreplacepapercupsatStarbucksorStyrofoamatMcDonaldsbecauseitsbio
degradable
DoesntinvestinAsiabecausehecantstaycurrentwiththearea
SoldUnitedRentals(URI)