Secondary Nav

Author Archive | Philip Richter

2018-04-14 21.26.48

Attention K-Mart Shoppers: The Mercedes-Benz R230 SL55 AMG is a Bargain Supercar

Net-net is a value investing technique developed by Benjamin Graham in which a company is valued based solely on its net current assets. The net-net investing method focuses on current assets, taking cash and cash equivalents at full value, then reducing accounts receivable for doubtful accounts, and reducing inventories to liquidation values. Total liabilities are deducted from the adjusted current assets to get the company’s net-net value. […]

Continue Reading 4
86-taurus1

The Automobile Tsunami Has Only Just Begun: Ford to Stop Making Passenger Cars!

“We’re going to feed the healthy parts of our business, and deal decisively with the parts that destroy value.” —Ford CEO James Hackett “Everything will be on the table. We can make different investments, we can partner, we can exit products, markets — and we will do that.” —Ford CFO Bob Shanks “Virtually eliminating Ford’s […]

Continue Reading 4
palm-tree-intro.jpg.653x0_q80_crop-smart

Barrett-Jackson Palm Beach: Demographics are Impacting the Collector Car Hobby

“Demography is destiny.” —Auguste Comte, French sociologist On Saturday I made my annual pilgrimage to the South Florida Fairgrounds to take in all the fun at the Barrett-Jackson car auction. This year’s successful formula was identical to last year—and the year before that. Rows of cars under tents. Hot dogs and beer. One Barrett-Jackson merchandise store after […]

Continue Reading 10
MV5BY2M4ZmY4MzQtMWJlOS00OWZiLTllZGYtZDE4Zjc3NjIyMjM0XkEyXkFqcGdeQXVyNTI2NTY2MDI@._V1_UY268_CR17,0,182,268_AL_

Production Hell: Is Tesla Entering the Breakdown Lane?

“Our own model does not incorporate a capital raise, but our lowered estimates newly show the company with less than $1 billion at the end of the third quarter, which the company has previously defined as its minimum comfort level, suggesting to us an increased—not decreased—likelihood of a capital raise,” —Ryan Brinkmann, JP Morgan analyst […]

Continue Reading 4
zs290035_14702607

Stuttgart is Feeling the Heat

Two unrelated events could prove to have a profound impact on Daimler-Benz and the capital city of the German automobile—Stuttgart. Li Khufu, the billionaire owner of China-based Geely automotive, has recently taken a 10% stake in Daimler. The potential impact of such a large Chinese investor in Mercedes-Benz could be significant in the years ahead. The […]

Continue Reading 0
Uber-Self-Driving-Car-1

Autonomous Uber Involved in Pedestrian Fatality

Turtle Garage has been closely following the evolution and development of autonomous cars, ride-hailing services, and the electrification of vehicles. These three megatrends have the potential to radically disrupt not only the auto industry, but everything from commerical real estate to public transportation. Earlier this week Bloomberg reported that a 49-year-old woman was killed by an […]

Continue Reading 0
Extra signage lets you know this is no normal Mini.

JCW Mini Cooper: Fighting Above its Weight

In 1961, racing legend John Cooper unleashed the potential of the Classic Mini on the racing world. Though it wasn’t the biggest, fastest, or most powerful, this feisty underdog took the motorsports scene by storm, dominating opponents with its nimble handling, near perfect balance and innovative engine and wheel layout. Our eponymous line of high-performance […]

Continue Reading 0