Daniel Miller: Investing With ConvictionVW Staff
Daniel Miller, is a PM at Mario Gabelli’s Gabelli Funds. The topic of Daniel Miller’s presentation is “Investing With Conviction”. Miller is the next speaker up at the 9th Annual Value Investing Congress.
Daniel Miller is a Managing Director of GAMCO Investors (NYSE: GBL), a value oriented financial firm with over $40 billion AUM. Since January 2012, Miller has been the lead portfolio manager of the Gabelli Focus Five Fund, a concentrated value oriented mutual fund. Miller is also Chairman of Gabelli & Company, the firm’s institutional research business. Check out ValueWalk’s interview with Miller here.
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Daniel Miller live coverage
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This guys is like 32 years old…..
Talking about the concentration of his fund and conviction. Results for the fund YTD up 18% with 20% in cash!
Just made a joke about Bitcoin….HILARIOUS
(11:13am EST) –3 Ideas
RealD (NYSE:RLD) —mkt cap $330
manufacture a device that creates 3D from 2D. Sell to movie theaters for free,where in return they get 1o year contract and make $2-3 or so per ticket sold
Trades for 5.5x EBITDA…closest competitor IMAX trades at 12x EBITDA. Potential buyer could be Dolby (NYSE:DLB)
CEO owns over 10% of shares outstanding
Opportunity to cut costs by 10-15% over next year
Currently buying back stock, bought back 10% recently and still $8M on buyback plan
2014 EBITDA= $60M and apply a 6x multiple he gets a price target of $13
InterNap (NASDAQ:INAP) –mkt cap $330M —Data centers and IP servers and Cloud
Colocation growing 15% CAGR, Managed Hosting growing 20% CAGR, and cloud growing 35% CAGR
Price target: 2014 EBITDA $63m with 10x multiple gets you to $10.50/share
(11:20am EST) Next Idea
Guidance (NASDAQ:GUID) –mkt cap $225M —e-discovery software company
founder/CEO owns roughly 35% of company
Guidance S: 2014 EBITDA $14M with 3.5x multiple to get $16/share