The Razor’s Edge

The streaming video industry is changing by the week. Disney is preparing to make a big splash with Disney+'s launch in November, Apple just announced their entry, and AT&T is trying to supersize HBO's presence in the competitive arena. How will it all shake out, and who might be a big loser as a result? Akram's Razor and Daniel Shvartsman go back in time to Disney's Marvel purchase to figure out what has set Disney apart, and then discuss whether this threat is different from others that Netflix has faced.

Topics covered:

2:00 minute mark - Introduction/background

7:00 - What brings you to Disney and Netflix? History of Marvel

20:30 - How can Disney succeed in streaming?

27:00 - What can go wrong?

30:00 - Potential effect on box office, cable, etc.

34:00 - Netflix in depth, background, transformation

40:30 - Wouldn't you bet on Netflix to solve the current issues?

44:00 - How much demand is there for content?

48:30 - How do you remain objective in investing with regard to some of these familiar brands?

54:30 - Problem of too much content.

57:00 - In terms of investing in these companies, what actual numbers matter?

1:00:45 - Is there a rebundling play here?

1:04 - Difficulty in finding "pure play" investments.

Robert Bugbee, President of both Scorpio Tankers (STNG) and Scorpio Bulkers (SALT) joined Value Investor's Edge Live's inaugural episode on Thursday morning (1 August 2019) along with James Doyle, Senior VP and Chief Financial Analyst for Scorpio Group to discuss the product tanker and midsize dry bulk markets. This interview and discussion is relevant for anyone with product tanker investments including Ardmore Shipping (ASC), Diamond S (DSSI), Navios Maritime Acquisition (NNA), Torm (TRMD), and Tsakos Energy Navigation (TNP).

Topics covered

Start of discussion / When will IMO 2020 show up? 2:45 minute mark

Increased interest from suppliers/customers: 6:45

How is the midsize bulk market looking? 9:00

What might SALT do with STNG holding? 15:15

IMO 2020 as a major catalyst: 22:30

Can installations of scrubbers be sped up? 24:30

Any surprises or dislocations with scrubber installations? 28:00

What sort of spreads are we expecting? 29:15

Discussion of particular blends/logistics (dirty/clean)? 32:00

Will VLCC deliveries hurt the product tanker market? 36:30

When will Scorpio Bulkers be comfortable repurchasing? 38:45

Timing of repurchase and 'game theory:' 41:00

This trailer previews our initial two shows on The Investing Edge, from Value Investor's Edge Live hosted by J Mintzmyer, and The Razor's Edge, hosted by Daniel Shvartsman and Akram's Razor.

Our excerpt for Value Investor's Edge Live is from our first episode, where J Mintzmyer speaks with Robert Bugbee of Scorpio Tankers about the company's comfortable cash position and the pending catalyst of IMO 2020.

Our excerpt from The Razor's Edge is from the first episode, which covers Disney, Netlfix, and the streaming universe. Daniel Shvartsman asks Akram's Razor about whether Netflix can solve a budding challenge - too much content on the service.

The Investing Edge is a podcast channel on Seeking Alpha that features shows from different Seeking Alpha authors, with a focus on their unique investing style. Authors will speak with CEOs and industry experts, break down key market stories and topics, and share insights on how they research new investments.

The first two shows on The Investing Edge are:

Value Investor's Edge Live, hosted by J Mintzmyer of Value Investor's Edge. The show will feature J's conversations with publicly traded shipping company CEOs, sector experts, and fellow deep value investors about their companies and investing approaches.

The Razor's Edge, hosted by SA podcast host Daniel Shvartsman and Seeking Alpha author Akram's Razor of The Razor's Edge.

The Investing Edge is a podcast channel on Seeking Alpha that features shows from different Seeking Alpha authors, with a focus on their unique investing style. Authors will speak with CEOs and industry experts, break down key market stories and topics, and share insights on how they research new investments.

The first two shows on The Investing Edge are:

Value Investor's Edge Live, hosted by J Mintzmyer of Value Investor's Edge. The show will feature J's conversations with publicly traded shipping company CEOs, sector experts, and fellow deep value investors about their companies and investing approaches.

The Razor's Edge, hosted by SA podcast host Daniel Shvartsman and Seeking Alpha author Akram's Razor of The Razor's Edge.