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Author: Saj Karsan

Illogical OrthoLogic

The number one rule of value investing (as coined by Warren Buffett) is: Don’t lose money. Hence the appeal of net-nets (stocks trading below their net current asset values), since they offer a dollar of tangible, liquid...

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The Dhandho Investor: Chapter 5

Mohnish Pabrai is an Indian-American businessman and investor. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. Pabrai has high regards for Warren Buffett and...

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The Dhandho Investor: Chapter 4

Mohnish Pabrai is an Indian-American businessman and investor. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. Pabrai has high regards for Warren Buffett and...

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Counting (On) Inventory

EF Johnson (EFJI) designs and markets wireless communication devices. Even before the economic storm, the company had been losing money, as it has reported negative operating income in each of the last three years. As a result...

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Acquisitions Gone Right

On this site, we have been pretty wary of companies that use cash to fund acquisitions…cash that could have otherwise been returned to shareholders. We’ve highlighted a few companies that, while they look cheap,...

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Buying Back At The Wrong Price

Stock buybacks have their advantages. In many cases, their tax treatment is more favourable to investors than are dividends. Furthermore, buybacks are not expected to be as regular as dividends, and therefore they offer more...

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Humble Humboldt

KHD Humboldt Wedag (KHD) is an international industrial engineering and equipment supplier for the cement processing industry. Thanks to reduced demand for its products due to the recession, the company is pretty close to just...

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When Goodwill Turns Evil

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...

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The Dhandho Investor: Chapter 3

Mohnish Pabrai is an Indian-American businessman and investor. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. Pabrai has high regards for Warren Buffett and...

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The Dhandho Investor: Chapter 2

Mohnish Pabrai is an Indian-American businessman and investor. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. Pabrai has high regards for Warren Buffett and...

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