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sajidkarsan's Commentaries

Showing Posts 31 - 45 out of 1000 found.

The Dolan Company: Monopoly Businesses

The Dolan Company (DM) operates what appear to be several high-margin, monopoly-type businesses. And yet the company trades for a P/E of just 5! What gives? Dolan runs a number of businesses including specialty publications (for various legal jurisdictions), litigation assistance (e.g. in the form of outsourced discovery) and foreclosure processing. In many cases, these businesses have...

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The Dolan Company: Monopoly Businesses

The Dolan Company (DM) operates what appear to be several high-margin, monopoly-type businesses. And yet the company trades for a P/E of just 5! What gives? Dolan runs a number of businesses including specialty publications (for various legal jurisdictions), litigation assistance (e.g. in the form of outsourced discovery) and foreclosure processing. In many cases, these businesses have...

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The Dolan Company: Monopoly Businesses

The Dolan Company (DM) operates what appear to be several high-margin, monopoly-type businesses. And yet the company trades for a P/E of just 5! What gives? Dolan runs a number of businesses including specialty publications (for various legal jurisdictions), litigation assistance (e.g. in the form of outsourced discovery) and foreclosure processing. In many cases, these businesses have...

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Negative Momentum

Though it might seem absurd to value investors, there are market participants out there who buy (sell) securities only because they have gone up (down). They profess the superiority of momentum investing. Are they right? In decades past, making such a determination was a laborious undertaking, available only to those academics with the time and inclination, and the financial firms with the...

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Interview With CEO Of Manhattan Bridge Capital

I recently spoke with the CEO of embattled firm Manhattan Bridge Capital (LOAN). Mr. Assaf Ran and his company have been discussed on this site before, mainly due to the large discount at which the company trades relative to its book value. The firm has had a tumultuous couple of years, involving a rejected buyout offer from a disgruntled shareholder, large restricted share grants to its...

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The Innovator's Dilemma: Chapter 9

Companies are susceptible to losing their customers as a result of disruptive technologies. In The Innovator's Dilemma, Christensen demonstrates that companies are overtaken despite doing everything right - listening to customers and investing in the highest-return projects. By studying the disruptive process, Christensen shows how companies can defend themselves from disruptive...

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The Innovator's Dilemma: Chapter 10

Companies are susceptible to losing their customers as a result of disruptive technologies. In The Innovator's Dilemma, Christensen demonstrates that companies are overtaken despite doing everything right - listening to customers and investing in the highest-return projects. By studying the disruptive process, Christensen shows how companies can defend themselves from disruptive...

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The Innovator's Dilemma: Chapter 9

Companies are susceptible to losing their customers as a result of disruptive technologies. In The Innovator's Dilemma, Christensen demonstrates that companies are overtaken despite doing everything right - listening to customers and investing in the highest-return projects. By studying the disruptive process, Christensen shows how companies can defend themselves from disruptive...

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The Innovator's Dilemma: Chapter 8

Companies are susceptible to losing their customers as a result of disruptive technologies. In The Innovator's Dilemma, Christensen demonstrates that companies are overtaken despite doing everything right - listening to customers and investing in the highest-return projects. By studying the disruptive process, Christensen shows how companies can defend themselves from disruptive...

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Stacked Deck At Full House Resorts

Full House Resorts (FLL) has all the makings of a great value stock. With a market cap of only $50 million against double-digit millions in free cash flow and a strong net cash position, the company looks seriously undervalued. But what you see isn't what you get. The company intends to acquire a company for $70 million, which is more than Full House's current market cap! The acquisition...

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Extreme Value Hedging

Activist investor Chuck Gillman recently recommended the book Extreme Value Hedging to me. In Chuck's opinion, making predictions about the future is incredibly difficult, so his preference is to profit from changes that can be made to improve poor capital allocation decisions. The book was a good introduction to many of the opportunities and challenges facing activist investors. My main...

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The Innovator's Dilemma: Chapter 8

Companies are susceptible to losing their customers as a result of disruptive technologies. In The Innovator's Dilemma, Christensen demonstrates that companies are overtaken despite doing everything right - listening to customers and investing in the highest-return projects. By studying the disruptive process, Christensen shows how companies can defend themselves from disruptive...

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The Innovator's Dilemma: Chapter 7

Companies are susceptible to losing their customers as a result of disruptive technologies. In The Innovator's Dilemma, Christensen demonstrates that companies are overtaken despite doing everything right - listening to customers and investing in the highest-return projects. By studying the disruptive process, Christensen shows how companies can defend themselves from disruptive...

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The Innovator's Dilemma: Chapter 6

Companies are susceptible to losing their customers as a result of disruptive technologies. In The Innovator's Dilemma, Christensen demonstrates that companies are overtaken despite doing everything right - listening to customers and investing in the highest-return projects. By studying the disruptive process, Christensen shows how companies can defend themselves from disruptive...

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Investing Longer

Accumulating large amounts of wealth via investing takes a combination of strong returns and investing over a long period of time. Practically all articles related to investing (including those on this site) are focused on getting those returns; this one post, however, is dedicated to prolonging the number of years in which you will be investing. The book value of Warren Buffett's Berkshire...

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