Resources
BNET Resources
- sort by:
- Relevance
- Date
- Popularity
- Closed-End Funds: Understand What You're Buying
- Saj Karsan submits: A few months ago, we considered the discounts to net asset value that a few closed-end mutual funds were trading at. Basically, this means that these funds could be purchased for less than the value of what they owned. Due to the recent decline in the general...
- External links 2008-10-15
- UTS Energy: Risky Play?
- Saj Karsan submits: The stock price of UTS Energy (UEYCF.PK) has come down drastically from about $6 in July to just $0.87. This has left UTS with a market cap of $412M with the following key balance sheet items: Cash: 335MProperty: 460MDebt: 0Total Liabilities: 113M Not fully reflected...
- External links 2008-10-19
- Don't Ignore the Bond Market
- Saj Karsan submits: When investors think of putting money in the market, they usually think only of stocks. However, there's a huge bond market out there consisting of corporate debt that, depending on the economy, can offer value investors even more bargains than do stocks. For example, when we met...
- External links 2008-10-26
- Margin Use on the NYSE
- Saj Karsan submits: When the stock market does well, market participants become confident and start borrowing money to invest, thinking they can do no wrong. This inflates the market to the upside. When the market falls, margin calls force these borrowers to sell their shares to pay off these debts,...
- External links 2008-10-26
- Misalignment: Compensating Management with Options
- Saj Karsan submits: As a shareholder, you must be extremely cognizant of how the management team of your company is compensated. An ideal compensation structure pays executives enough so that they're not worried about meeting their family obligations, but otherwise aligns their interests with those of shareholders. Contrary to popular...
- External links 2008-10-28
- International Paper: Is Payout Sustainable?
- Saj Karsan submits: International Paper IP is a paper and packaging manufacturer and distributor. Its stock price has fallen some 60% since last year, as it has faced tremendous increases in input costs and more recently faces a slowing global economy. Could this represent a value opportunity? There are several...
- External links 2008-10-31
- Is Laser Eye Surgery Too New to Value?
- Saj Karsan submits: LCA-Vision LCAV and TLC Vision TLCV compete in an otherwise highly fragmented laser vision correction industry. Because the surgery is elective, expensive, and not generally covered by insurance companies, demand for the surgery is cyclical. As a result, this is a tough time for these companies, and...
- External links 2008-11-09
- Office Depot: Dialing for Dollars
- Saj Karsan submits: Every quarter, public companies are required to hold conference calls to discuss their most recent results. You can usually access a recording of a company's last conference call on the investor relations section of its website. While the written filings of management do give facts and some...
- External links 2008-11-12
- Disney: Mickey Mouse Accounting
- Saj Karsan submits: When we discussed operating leases we saw that as per current accounting rules, the debt shown on a company's balance sheet does not adequately present a company's true debt level. Unfortunately, off-balance sheet debt doesn't stop at operating leases. Consider The Walt Disney Company DIS, which operates...
- External links 2008-11-18
- Twin Disc Shows Its Power
- Saj Karsan submits: Twin Disc TWIN manufactures and sells power transmission equipment (torque converters, propellers, clutches etc) to the marine industry. Due to the fixed-cost nature of such heavy manufacturing, one might expect this company to have dipped deeply into the red in its fiscal year ended June, 2009. Indeed,...
- External links 2009-08-12
Additional Resources
- How Risk Can Be Reduced
- Saj Karsan submits: The mainstream finance industry defines a company's riskiness by its stock price's volatility. For value investors, there is no such short cut; a company's riskiness is defined by a slew of factors that can affect the business. A few weeks ago, we considered some items that can...
- External links 2009-06-03
- Why Value Investors Hold So Much Cash
- Saj Karsan submits: Compared to the mainstream finance industry, value investors tend to hold a lot of cash in their portfolios. This is due to the fact that: 1) Value investors are stingy and therefore only purchase when there are blatant mispricings, and by Saj Karsan
- External links 2009-06-16
- Risk Evaluation for China 3C Group
- Saj Karsan submits: As a reader recently commented in another article., China 3C Group CHCG, a retailer and wholesaler of a diverse range of electronics products, trades at a discount to its liquidation value. The company trades for $33 million, but has a cash balance and receivables of $25 million...
- External links 2009-09-09
- LCA Vision: A Value Opportunity Presents Itself Again
- Saj Karsan submits: At times, value investing can feel like trading. While value investors should always purchase with the expectation that a stock will be a long-term holding, some stocks can be so volatile that they go from offering a margin of safety to offering a reasonable price and back...
- External links 2009-10-28
- Paccar Runs Well but Risks Abound
- Saj Karsan submits: PACCAR PCAR designs and manufactures a wide range of trucks used for commercial transportation. Comparing operating metrics to its competition, it appears to be a well-run company. Furthermore, the company's most recent quarterly results suggest that management anticipated a drop in demand relatively well, as it cut...
- External links 2009-03-10
- Forget Volatility, AM Castle Could Be a Value Play
- Saj Karsan submits: For all intents and purposes, AM Castle CAS is a volatile stock. The stock is down 70% in the last year, but is also up 100% in the last two months. It is not unusual for this stock's value to fluctuate by more than 5% in a...
- External links 2009-05-01
- When Good Will Turns Bad
- Saj Karsan submits: RCM Technologies RCMT is an IT and engineering consulting company that warrants strong consideration as an investment. It looks like a bargain at its current price, as the stock trades for $30 million, while the company has $65 million in current assets (mostly in the form of...
- External links 2009-08-17
- Conn's: Retailer with Bank-Type Risk
- Saj Karsan submits: When Circuit City declared bankruptcy near the beginning of the recession, opportunities were created for other electronics retailers. One company that aggressively stepped forward to fill the void is Conn's Inc. CONN, a home appliance and electronics retailer. Conn's even took over some of Circuit City's previous...
- External links 2009-10-30
- << Previous
- page 1 of 1
- Next >>
