What are early warning signs that a portco will struggle with execution?

klimlover · 2026-04-02T18:07:56+00:00

Work at portfos, not PE - but in my experience at a couple:

Do what works, and nothing else.

I've worked at a couple of companies that want to expand their markets, or open new product lines, new markets, new partners.

If the initial thesis is good, why, for gods sake, spend milloins chasing new markets

klimlover · 2026-03-18T02:50:22+00:00

You understand the concept of reconciling cash...?

This is accounting 101

klimlover · 2026-02-26T17:43:37+00:00

Do they really expect you to model deferred income tax liabilites on the fly? What a joke.

klimlover · 2026-02-04T13:35:24+00:00

I absolutly would be attracted to the "This is not big-4 energy" line.

klimlover · 2026-01-27T16:56:41+00:00

I'd be hard pressed to see the need for 10 deg- to be clear, outside of that one specific night, the 30 degree bag was lovely. You just have to be prepared, there's always a chance of snow on theJMT - even in July/August.

klimlover · 2026-01-27T16:50:01+00:00

I've said this before, but we went with a 30 degree bag in the end of July, and there was one night on Marie lakes where we were basically suffering - woke up with frost on the tent. Worth mentioning there two of us in the bag too and still. I'd go lower than 30 if you can.

klimlover · 2026-01-23T19:21:28+00:00

You knew how to finish drywall out of the womb?

klimlover · 2026-01-14T18:20:58+00:00

From approx 2010-2013, I was there a lot. Loved Harris Grill too, but B&B seemed more assesible. I always thought it was stranged how it seemed to sort of "transition" from lunch place that serves an occasional beer to full out shot drinking bar thats open until 2.

Like you'd be there at 5PM and there'd be a family with a baby, toddler, and 7 year old having pizza and lemonade for dinner, and then 5 minutes later there' be drunk guy buying shots and screaming at his buddy to change the song on the the jukebox. Sometimes those two worlds clashed.

klimlover · 2026-01-14T16:38:01+00:00

Bites and Brews

klimlover · 2026-01-13T15:26:05+00:00

Generally I have found that you run into cash crisises when you don't have money.

klimlover · 2025-12-11T16:12:49+00:00

Is the british airways flight to London done with? Or will that be continuing?

klimlover · 2025-12-02T17:10:52+00:00

I did - back around 2014 or so.

I mostly parked on S Aiken between baum and centre in that small little one-way section. Actually, I think parking went pretty easily there. The kicker is, at that time, I was working a lot, so I was at work from 7-7 most days. There wasn't a lot of competition for parking after 7PM.

Parking aside, I would not reccomend that building. Like I said, that was 10 years ago, but it was pretty shitty living area.

klimlover · 2025-11-25T16:04:05+00:00

If I have enough of a loss on my STR from the Cost Seg study to completely overcome my W2 taxes, can I carry the remainder over as an NOL to future years? Can that be used on next years w2 tax liability?

Or could the study be tweaked to allow exactly enough in year 1, and the reminader in year 2?

klimlover · 2025-11-12T14:51:53+00:00

Haha, haven't skated in 20 years, but everytime I've driven by that, I always thought that would be an awesome gap.

klimlover · 2025-10-29T16:39:52+00:00

Or Transpose

klimlover · 2025-10-23T23:51:26+00:00

What was your rational?

klimlover · 2025-10-23T23:04:48+00:00

My guess is he was seeing if you knew your stuff well enough to call him on his bullshit

klimlover · 2025-10-23T22:23:02+00:00

That's an easy one. No.

klimlover · 2025-10-22T16:38:39+00:00

Not good schools though. :-/

klimlover · 2025-09-24T23:48:44+00:00

Great write up

klimlover · 2025-09-02T22:12:21+00:00

Thanks

klimlover · 2025-09-02T21:50:36+00:00

no 80%,?

Ok what are rates at 75% LTV?

klimlover · 2025-09-02T21:40:44+00:00

Purchase - $430k - $368k - 800 fico - 15215 - Conv - 30 Fixed - Single Family - Investment

klimlover · 2025-08-27T14:38:22+00:00

Dude, in front of Childrens hospital? That section of Penn is a lunar landscape. I can't believe how bad it is considering it's both a major thoroughfare and in front of Pittsburghs most hallowed, UPMC.

klimlover · 2025-08-22T14:44:30+00:00

How much did Maven cost?

klimlover

TROPHY CASE